Silver rate today: Precious metals saw a steep rally as the news of US bombing in Venezuela and Donald Trump's subsequent arrest of President Nicolas Maduro caught up with the markets, driving gold and silver prices through the roof. Silver price today in India skyrocketed in line with the global markets. The MCX silver futures jumped over 3%, or around ₹13,500, to trade at ₹2,49,900 per kg on Monday, 5 January.
In global markets, spot silver advanced jumped to an intraday high of $75.968 per ounce, pegging nearly a 6% gain from the previous close.
Silver rate today in Delhi
In the physical retail market, the silver price today in Delhi for 10 gm coins is ₹2,425. Silver rate today in Delhi for 100 gm coin is ₹24,253, and silver rate today in Delhi for 1 kg bar is ₹2,42,530, according to data from bullions.co.in.
As of 10 am on January 2, silver rates in different Indian cities were as follows:
1. Silver rate today in Delhi: ₹2,425 for 10 gm, ₹24,253 for 100 gm, ₹2,42,530 for 1 kg
2. Silver rate today in Jaipur: ₹2,431 for 10 gm, ₹24,315 for 100 gm, ₹2,43,150 for 1 kg
3. Silver rate today in Mumbai: ₹2,430 for 10 gm, ₹24,308 for 100 gm, ₹2,43,080 for 1 kg
4. Silver rate today in Kolkata: ₹2,427 for 10 gm, ₹24,276 for 100 gm, ₹2,42,760 for 1 kg
5. Silver rate today in Chennai: ₹2,437 for 10 gm, ₹24,379 for 100 gm, ₹2,43,790 for 1 kg
6. Silver rate today in Bengaluru: ₹2,432 for 10 gm, ₹24,328 for 100 gm, ₹2,43,280 for 1 kg
7. Silver rate today in Hyderabad: ₹2,434 for 10 gm, ₹24,347 for 100 gm, ₹243,470 for 1 kg
8. Silver rate today in Nashik: ₹2,430 for 10 gm, ₹24,308 for 100 gm, ₹2,43,080 for 1 kg
9. Silver rate today in Rajkot: ₹2,434 for 10 gm, ₹24,341 for 100 gm, ₹2,43,410 for 1 kg
10. Silver rate today in Pune: ₹2,428 for 10 gm, ₹24,283 for 100 gm, ₹2,42,830 for 1 kg
(Data from bullions.co.in.)
Why are silver prices rising today?
Silver rate today increased substantially tracking strong global trends, as renewed geopolitical tensions in Venezuela and expectations around key US macroeconomic data boosted investor sentiment.
Silver rate surged nearly 150% last year, driven by a mix of factors such as supply constraints, robust industrial and investment demand, and supportive macroeconomic conditions.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
