Silver prices in India surged sharply on Tuesday, January 14, continuing the strong upward momentum seen over the past few sessions. The precious metal witnessed a steep rise across retail and wholesale markets, tracking firm global cues and sustained buying interest.
As per the latest data, silver prices in India today stand at Rs 290 per gram, marking a jump of Rs 15 compared with the previous session. In line with this move, silver is priced at Rs 2,900 for 10 grams, while the 1 kilogram silver rate has climbed to Rs 2,90,000, up by Rs 15,000 from yesterday.
On a broader basis, the rise was visible across all weight categories. Eight grams of silver is now priced at Rs 2,320, compared with Rs 2,200 earlier, while 100 grams of silver costs Rs 29,000, higher than Rs 27,500 in the previous session. The sharp uptick reflects the strong rally seen in global silver prices, which have been trading near record highs.
Internationally, silver prices have remained elevated amid expectations of U.S. interest rate cuts, softer inflation data, and continued safe-haven demand. A weaker U.S. dollar and rising geopolitical and economic uncertainties have also supported the metal. These global trends are feeding directly into domestic prices, leading to a sharp day-on-day increase in Indian silver rates.
With silver prices already showing strong gains this month, market participants continue to closely track global macroeconomic cues and movements in international bullion markets for further direction.
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