Silver prices continued to trade at the higher end of the range in Hyderabad on Tuesday, January 27, as strong global cues kept the precious metal near record levels in the domestic market.
As per the latest rates, silver in Hyderabad is priced at Rs 3,870 per 10 grams, while 100 grams of silver costs Rs 38,700. On a per-kilogram basis, silver is trading at Rs 3,87,000 per kg in the city, making it one of the costliest markets for silver today.
On a per-gram basis, silver prices in Hyderabad stand at Rs 387 per gram, higher by Rs 10 per gram compared with the previous session. The sharp rise reflects the broader rally in silver prices seen across India, supported by firm international markets.
Silver prices have been buoyed by strong global demand for precious metals, ongoing macroeconomic uncertainty and expectations of stable global monetary conditions. The metal has also benefited from its industrial demand, which has helped it outperform gold so far this year.
With prices holding near record highs, buyers and traders in Hyderabad are closely tracking daily movements, as silver rates remain highly sensitive to global developments and changes in market sentiment.