Silver Prices Near ₹2.70 Lakh/kg in India as Retail Demand and Geopolitics Lift Market
A firm dollar plus supply worries pushed buyers toward silver for inflation protection.
Overview
- Indian retail quotes reached ₹2,70,000 per kg in premium markets such as Chennai, Hyderabad and Kerala, with most other cities near ₹2,65,000.
- Spot silver hovered around $29 to $31 per ounce, which the report described as a mild bullish consolidation limited by the stronger dollar.
- MCX silver traded near ₹75,000 to ₹77,000 per kg equivalent in a volatile session with strong intraday swings.
- Prices rose from ₹2,55,000 per kg to ₹2,65,000 over recent sessions, reflecting steady buying interest in India.
- The report cites industrial use, currency moves and inflation worries as key drivers, with higher oil costs and geopolitical tension adding support.