Silver Prices Soar Over 6% in a Week; Check Latest Rates in Your City

• Silver prices surged over 6% in the last week, with the spot price reaching $77.17 per ounce on January 8.
• MCX futures for 999 purity silver closed at ₹2,42,631 per kg on January 8, slightly down from previous close but significantly up weekly.
• Prices in major Indian cities like Delhi, Mumbai, Kolkata, and Bengaluru are approximately ₹2,51,900 per kg.
• Other cities like Chennai, Hyderabad, and Kerala see prices around ₹2,71,900 per kg, with variations due to local factors.
• The rise is attributed to profit booking ahead of US NFP data, mixed US economic signals, geopolitical risks, and expectations of interest rate cuts.

Why It Matters: Silver prices jumped over 6% in a week due to global economic signals and geopolitical tensions.