Silver Rate Today: Silver prices continue to climb in India, reflecting strong demand and global market cues. On Tuesday, January 27, silver rates moved higher again, keeping investors and buyers on alert.
Silver Price Today in India: Fresh Rise Boosts Market Sentiment
Silver prices in India have maintained a strong upward trend, and today’s movement reinforces that momentum. On Tuesday, January 27, silver prices edged higher across major markets. Consequently, investors tracking precious metals are closely watching daily price changes.
In the domestic market, silver is trading around ₹3,60,100 per kilogram in key cities like Delhi, Mumbai, and Kolkata. However, retail rates show slight variation, as silver is also quoted at ₹370 per gram, translating to nearly ₹3,70,000 per kilogram. This marks a sharp rise of ₹10,000 per kg compared to yesterday. Moreover, silver prices have surged by nearly ₹35,000 in just the last two days, highlighting strong buying interest.
Meanwhile, the international market remains supportive. Silver is currently trading near $113.46 per ounce, which continues to influence domestic prices. Therefore, global cues remain a key driver for Indian bullion rates.
MCX Silver Rate Today: Strong Opening and Intraday Surge
On the Multi Commodity Exchange (MCX), silver prices opened on a firm note. The MCX silver rate began the session at ₹3,39,824 per kilogram, significantly higher than the previous closing price of ₹3,34,699. Additionally, buying momentum strengthened as the session progressed.
As a result, MCX silver prices jumped by ₹22,010, marking a sharp gain of 6.58%. The price touched around ₹3,56,709 per kilogram, reflecting strong speculative and hedging activity. On the other hand, such rapid gains also suggest higher volatility in the short term.
City-Wise Silver Price Today in India
Silver prices vary slightly across Indian cities due to local taxes, transportation costs, and demand conditions. Below is the latest city-wise silver rate per kilogram:
| City | Silver Price (1 Kg) |
|---|---|
| Chennai | ₹3,75,100 |
| Kerala | ₹3,75,100 |
| Delhi | ₹3,60,100 |
| Mumbai | ₹3,60,100 |
| Kolkata | ₹3,60,100 |
| Bengaluru | ₹3,60,100 |
| Hyderabad | ₹3,60,100 |
| Pune | ₹3,60,100 |
| Ahmedabad | ₹3,60,100 |
Although Chennai and Kerala continue to quote silver at a premium, most metro cities are trading at similar levels. Therefore, buyers should always check local rates before making large purchases.
Why Silver Prices Are Rising: Key Factors to Watch
Several global and domestic factors are pushing silver prices higher. Firstly, expectations of interest rate cuts by the US Federal Reserve are boosting demand for safe-haven assets. If rates decline, precious metals like silver and gold often become more attractive. Consequently, investor sentiment remains bullish.
Additionally, experts believe that gold prices could climb sharply in the coming months. Some market analysts predict gold may reach $6,000 per ounce by year-end. Meanwhile, Morgan Stanley has indicated that gold could touch $5,700 per ounce in a strong market scenario. Since silver often follows gold’s trend, these forecasts are supporting silver prices as well.
Moreover, the global market is closely watching the US Federal Reserve’s crucial meeting scheduled for January 27–28. Any hint of a policy shift could significantly impact bullion prices worldwide. Therefore, traders and long-term investors alike remain cautious yet optimistic.
In addition, rising industrial demand for silver, especially in electronics and renewable energy sectors, is adding further support. As a result, silver continues to outperform expectations in both domestic and international markets.