Silver prices in Vadodara were trading steady on January 21, in line with rates seen across several major Indian cities, amid firm global bullion trends.
As per the latest market data, silver in Vadodara is priced at Rs 3,300 per 10 grams today. The price of 100 grams of silver stands at Rs 33,000, while 1 kilogram of silver is available at Rs 3,30,000.
Silver prices compared with other cities
Silver rates in Vadodara are similar to those in Delhi, Mumbai, Kolkata, Bangalore, Pune, and Ahmedabad, where prices are hovering around Rs 3,300 per 10 grams, Rs 33,000 per 100 grams, and Rs 3,30,000 per kg.
Meanwhile, cities such as Hyderabad, Chennai, and Kerala are quoting slightly higher rates, with silver priced at Rs 3,400 per 10 grams, Rs 34,000 per 100 grams, and Rs 3,40,000 per kg.
Key factors influencing silver prices
Silver prices continue to track global market movements, industrial demand trends, and currency fluctuations. Strong interest from industrial sectors such as electronics and renewable energy, along with safe-haven buying, has supported prices in recent sessions.
Outlook
Silver prices are expected to remain volatile in the near term, driven by global macroeconomic developments, US dollar movement, and geopolitical cues. Local prices may vary slightly based on taxes, logistics costs, and dealer margins.
