Silver Prices Inch Up on July 23: Now Trading at ₹119 Per Gram

Silver prices in India witnessed a marginal rise on Wednesday, July 23, 2025, with the precious metal now priced at ₹119 per gram or ₹1,19,000 per kilogram. This marks a ₹1 increase from the previous session, reflecting the ongoing positive sentiment in the bullion market. The upward move aligns with international trends and domestic currency dynamics, which continue to influence silver valuations locally.

Analysts suggest that the mild uptick is consistent with improving industrial demand and moderate investor interest, supported by a stable economic backdrop and controlled inflation expectations.

With silver's value being shaped by both global market cues and rupee-dollar movements, investors are keeping a watchful eye on macroeconomic indicators and commodity flows.

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Silver Price Today

• Silver price today in Mumbai: The Silver rate today at ₹119 per gram, registering a ₹1 gain from the previous day.
• Silver price in Delhi: The price remains steady at ₹119 per gram, in sync with other metro benchmarks.
• Silver price in Bangalore: Bengaluru mirrors national rates, with silver trading at ₹119 per gram.
• Silver price in Chennai: Chennai continues to trade at a premium, with silver priced at ₹129 per gram.
• Silver price in Hyderabad: Silver remains high at ₹129 per gram, consistent with southern market patterns.
• Silver price in Kerala: Matching other southern states, Kerala quotes silver at ₹129 per gram.
• Silver price in Pune, Vadodara & Ahmedabad: All three cities report silver at ₹119 per gram, aligned with the national average.
• Silver price in Kolkata: Kolkata maintains parity with major metros at ₹119 per gram.

Recent Silver Price Movements in India

Here’s a quick look at silver price fluctuations over the past few sessions:

• July 23, 2025: ₹119/g – Up by ₹1
• July 22, 2025: ₹118/g – Up by ₹2
• July 21, 2025: ₹116/g – No change
• July 20, 2025: ₹116/g – No change
• July 19, 2025: ₹116/g – Up by ₹2.10
• July 17, 2025: ₹114.00/g – No change

While the daily increments are modest, silver has shown a gradual rise over the past week. This steady trend is being fuelled by firm global metal prices and a slightly weaker rupee, which makes imports costlier and pushes domestic prices up.

Conclusion

As of July 23, 2025, silver prices in India have advanced to ₹119 per gram, continuing the gradual uptrend observed this month. The ₹1 rise underscores stable global demand and local market adjustments driven by currency movements. Looking ahead, market participants are likely to track global industrial activity, inflation data, and rupee volatility for further price direction. Given silver’s dual appeal as both an industrial commodity and a hedge asset, it remains a key focus for traders and investors alike.