silver price – GulfNewsNation https://www.gulfnewsnation.com My WordPress Blog Fri, 23 Jan 2026 12:28:29 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.1 https://www.gulfnewsnation.com/wp-content/uploads/2026/01/cropped-GNN-Icon-32x32.png silver price – GulfNewsNation https://www.gulfnewsnation.com 32 32 Silver Prices Spike on 23 January 2026 as Global, India & UAE Rates Hit New Peaks https://www.gulfnewsnation.com/world/silver-prices-spike-on-23-january-2026-global-india-uae-rates-hit-new-peaks/ https://www.gulfnewsnation.com/world/silver-prices-spike-on-23-january-2026-global-india-uae-rates-hit-new-peaks/#respond Fri, 23 Jan 2026 12:25:42 +0000 https://www.gulfnewsnation.com/?p=299 Silver prices today, 23 January 2026, climbed sharply in international markets, with **spot silver trading near $98.87 per ounce — an all-time high driven by safe-haven demand, geopolitical tensions, and economic uncertainty.

The rally has been reflected in India’s domestic rates, where silver is trading near ₹3,40,000 per kilogram, and UAE silver prices have also firmed up in line with global spot rates.

Silver Price Today — Global, India & UAE

MarketSilver Price
Global Spot Silver~$98.87 per ounce (record highs)
India Silver Price~₹3,40,000 per kg (₹340 per gram)
UAE Silver Price~AED 13.35 per gram / ~AED 13,350 per kg

Why Silver Prices Are Rising Today

Silver is currently outperforming most commodities as investors seek safe-haven assets amid economic uncertainty and global volatility. A weaker US dollar and expectations of lower interest rates have made precious metals, including silver, more attractive to both traders and long-term investors.

In addition, strong industrial demand — especially in sectors like renewable energy, electronics, and electric vehicles — is supporting prices from the demand side while geopolitical factors continue to push traders toward metals like silver.

Also Read: Why Dubai Gold Prices Jumped Today: 3 Key Reasons in Global Markets Explained for UAE Buyers.

India & UAE Market Highlights

🇮🇳 India

Silver has surged to around ₹3,40,000 per kilogram in major cities across India, roughly ₹340 per gram, reflecting the strong global cues and domestic market appetite.

Analysts are watching closely as it approaches historic levels near ₹3.5 lakh per kg, with some traders attributing part of the recent rise to speculative activity and futures positioning on the MCX.

🇦🇪 UAE

In the UAE, silver prices track global spot dynamics closely. Current estimated rates are around AED 13.35 per gram, or AED 13,350 per kilogram, based on near-real-time data tied to international prices and local currency movement.

Dubai and other Emirates often add local premiums based on physical demand and retail conditions, particularly for jewellery and bullion bars.

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