Silver prices moved higher on Tuesday, extending their recent gains as buying interest strengthened in both domestic and international bullion markets. The rise comes amid a weaker US dollar, firm global precious metal prices, and positive sentiment in commodity trading. If you are planning to purchase silver for investment, jewellery, or festive needs, checking the latest city-wise rates before making a decision could help you buy at the right price.

In the national capital, silver is currently priced at ₹235 per gram, ₹23,500 per 100 grams, and ₹2,35,000 per kilogram, according to market data. Meanwhile, silver futures on the Multi Commodity Exchange (MCX) also witnessed strong buying, indicating continued investor confidence in the precious metal.

MCX Silver Futures Register Strong Gains

Silver futures traded significantly higher during Tuesday's session on the MCX. The contract gained ₹2,630 to trade at ₹2,19,477 per kilogram, compared with its previous closing level of ₹2,16,746 per kilogram.

The upward movement reflects growing participation from traders following supportive global cues. Commodity analysts believe that the combination of currency movements and expectations surrounding US monetary policy has helped improve sentiment in bullion markets.

Domestic Silver Prices Continue to Firm Up

According to bullion market associations, silver prices in Delhi have also remained firm. Market estimates indicate that silver has strengthened from the previous trading session, while retail price trackers have quoted rates around ₹2,35,000 per kilogram in the capital.

The increase follows a positive trend seen over the past few sessions as investors continued to add exposure to precious metals amid global economic uncertainty.

International Bullion Market Supports the Rally

Global precious metal prices also traded in positive territory, providing additional support to domestic silver rates.

Silver on the COMEX was trading around $58.895 per ounce, registering a gain of nearly 1.80%. Gold also remained higher, rising approximately 0.53% to trade near $4,112 per ounce.

Stronger international prices generally influence domestic bullion markets, particularly when combined with fluctuations in the US dollar and commodity demand.

Why Are Silver Prices Rising?

Several global factors have contributed to the latest rally in silver prices.

One of the biggest reasons has been the weakness in the US dollar. A softer dollar makes precious metals relatively cheaper for overseas buyers, increasing demand across global markets.

Another supporting factor has been the decline in crude oil prices, which encouraged investors to shift part of their investments toward safe-haven assets such as gold and silver.

The US dollar also came under pressure after developments in the Japanese currency market, where official intervention to support the yen increased selling pressure on the greenback. This boosted investor interest in bullion, resulting in fresh buying across precious metals.

Latest Silver Rates Across Major Indian Cities

The latest retail silver prices remain largely uniform across several major cities in India.

How Did Silver Perform in the Previous Session?

Silver had already ended the previous trading session on a strong note.

According to bullion market data, the metal climbed by ₹1,800 per kilogram, moving from around ₹2,24,700 to ₹2,26,500 per kilogram (including taxes) in Delhi. International spot silver also recorded modest gains during the same period, reflecting steady global demand.

Tuesday's advance builds on that momentum, suggesting that buyers remain active in the precious metals segment.

What Investors Should Watch Next

Market experts believe that upcoming economic data from the United States will play an important role in determining the next direction for bullion prices.

Investors are closely tracking signals from the US Federal Reserve, as future interest rate decisions could influence both gold and silver prices. This week's key economic indicators—including the ADP employment report, Non-Farm Payrolls (NFP), and the US unemployment rate—are expected to provide fresh clues about the Fed's policy outlook.

Analysts also expect bullion markets to remain sensitive to global macroeconomic developments and currency movements. If the dollar remains under pressure and safe-haven demand continues, silver could maintain its positive momentum in the near term.

Disclaimer: Precious metal prices change throughout the trading day based on market conditions. Investors should verify the latest rates with authorized bullion dealers or exchanges and consult a qualified financial advisor before making any investment decisions.