Silver Prices in India Today: January 6, 2025
Silver prices in India have seen a slight decrease today, providing some relief to buyers. As of January 6, 2025, the rates are as follows:
- Per 10 grams: ₹945
- Per kilogram: ₹94,500
This marks a decrease of ₹1 per 10 grams and ₹100 per kilogram compared to yesterday’s rates.
City-Wise Silver Rates
Silver prices vary across major cities in India due to factors such as local taxes and market dynamics. Here are today’s rates per 10 grams:
- Bangalore: ₹935
- Chennai: ₹1,016
- Delhi: ₹945
- Kolkata: ₹953
- Mumbai: ₹938
- Pune: ₹948
Factors Influencing Silver Prices
Silver prices are influenced by a range of factors, including:
- Global Demand and Supply: The industrial use of silver, particularly in solar panels and electronics, affects prices globally.
- Currency Fluctuations: A weaker rupee can lead to higher import costs for silver, impacting domestic prices.
- Economic Indicators: Interest rates, inflation, and global economic trends play a role.
- Government Policies: Import duties and regulations also impact prices.
Investment and Industrial Demand
India’s silver demand is expected to grow, driven by increased use in renewable energy projects and investment demand. Analysts predict that silver imports will continue to rise as the country focuses on solar energy expansion.
Investors looking to hedge against inflation or diversify their portfolio are advised to consider silver as a viable option, especially with its industrial applications boosting long-term demand.
