Silver prices in India edged marginally higher on Saturday, January 24, reflecting stability in domestic bullion markets amid mixed global cues. As of
this morning, silver is trading at ₹3,401 per 10 grams, up from ₹3,400 in the previous session. On a per kilogram basis, prices stand at ₹3,40,100, marking a modest rise of ₹100 compared with Friday. The move comes after sharp volatility in recent weeks, as silver continues to react to global macroeconomic developments, currency movements, and strong industrial demand. What’s driving silver prices? Silver prices fluctuate daily due to a combination of international bullion trends and domestic factors. Movements in global silver prices, changes in the rupee-dollar exchange rate, inflation expectations, and interest rate outlooks all play a key role. Unlike gold, silver also has a strong industrial demand component, with usage across solar panels, electronics, electric vehicles, and clean-energy technologies. Ongoing geopolitical tensions and economic uncertainty further support silver’s appeal as both an industrial metal and a safe-haven asset, contributing to regular price changes. Silver price today: City-wise rates (January 24)
| City | 10 grams (₹) | 100 grams (₹) | 1 kg (₹) |
|---|
| Chennai | 3,451 | 34,510 | 3,45,100 |
| Mumbai | 3,401 | 34,010 | 3,40,100 |
| Delhi | 3,401 | 34,010 | 3,40,100 |
| Kolkata | 3,401 | 34,010 | 3,40,100 |
| Bangalore | 3,401 | 34,010 | 3,40,100 |
| Hyderabad | 3,601 | 36,010 | 3,60,100 |
| Kerala | 3,601 | 36,010 | 3,60,100 |
| Pune | 3,401 | 34,010 | 3,40,100 |
| Ahmedabad | 3,401 | 34,010 | 3,40,100 |
| Jaipur | 3,401 | 34,010 | 3,40,100 |
| Coimbatore | 3,451 | 34,510 | 3,45,100 |
| Madurai | 3,451 | 34,510 | 3,45,100 |
| Vijayawada | 3,601 | 36,010 | 3,60,100 |
| Patna | 3,401 | 34,010 | 3,40,100 |
| Chandigarh | 3,401 | 34,010 | 3,40,100 |
Outlook
Market participants remain cautious as silver trades near elevated levels after a strong rally over the past year. While short-term movements may remain volatile, analysts continue to track global economic data, US monetary policy signals, and industrial demand trends for cues on silver’s next direction.
Silver may pull back to $90 after breaching $100; experts flag overbought risks
Silver prices, which recently crossed the $100-an-ounce mark for the first time, may see a short-term correction toward $90, as technical indicators flash overbought signals and profit-booking gathers pace, market experts said.
Spot silver touched $100.94/oz, extending its sharp rally after gaining over 40% in 2026 so far and more than 225% in the past year, tracking strength across precious metals amid geopolitical uncertainty and rate-cut expectations.
However, analysts caution that the metal is trading well above key moving averages, increasing the risk of a near-term pullback.
“Silver is significantly stretched, with prices far above the 50-day and 100-day EMAs. Such deviations typically invite mean reversion,” said a technical analyst tracking bullion markets. “A dip towards the $90 zone would be healthy and could reset momentum indicators without damaging the broader uptrend.”
Momentum gauges like the RSI and PPO remain deep in overbought territory, often a precursor to short-term corrections. Traders are also likely to lock in gains after the metal’s parabolic rise.
What should investors do?
Experts advise caution at current levels. Short-term traders may consider booking partial profits or tightening stop-losses, while long-term investors could wait for a pullback toward key support zones before adding fresh exposure.
Despite near-term risks, the medium-to-long-term outlook remains constructive, supported by strong gold prices, expectations of US rate cuts, and robust industrial demand from solar, electronics, and clean-energy sectors.
