Silver price today on January 22: Prices up nearly 15% in a week at around Rs 3.19 lakh per kg

Silver price today

• Silver price in India rose 3.06 percent to Rs 3,19,097 per kg on January 21
• Silver prices near record highs due to increased industrial demand.
• Investors watch US GDP, inflation data and Europe’s response to tariff threats

Did our AI summary help?

Silver traded near its record high at $93.25 in the international market early on January 22, representing a 0.66 percent gain from its previous close. The metal reached its peak performance of $95.53 on January 20 on Comex, driven by rising industrial demand amid worsening geopolitical and trade tensions.

The Indian Bullion Jewellers Association (IBJA) pegged silver price at Rs 3,19,097 in its 18:30 rate session on January 21,  which is 3.06 percent gain from the previous price at Rs 3,09,345 per kilogram.

On MCX, the white metal opened the Thursday session at Rs 3,20,811 per kilogram, and quickly dipped to Rs 3,18,429 (9:45 am IST) per kilogram, representing a decline of 0.02 percent from its previous close. Silver hit a record high of Rs 3,35,521 on January 21.

Silver price continues to surge as Trump’s Greenland remarks and tariff threat against eight European nations heightened trade-war fears, triggering a getaway to safe-haven assets.

Here is how a kilogram of silver has moved.

City-wise silver prices 

Silver rates across India’s major cities showed remarkable uniformity, with only marginal differences due to local taxes, jeweller margins, and logistics costs.

How will silver prices move?

In its Bullion Report dated January 21, Augmont said silver breached $95 on risk-off sentiment. Investors are closely watching Europe’s response to the tariff threat against eight nations opposing the move, as well as developments from Davos, where Trump is expected to discuss the issue with global leaders.

Focus this week will be on US GDP and Inflation data.