Silver Price Today: Silver prices have stayed volatile, grabbing attention after touching record highs globally and in India. Here’s a clear, city-wise look at today’s latest silver and gold rates.
Silver Price Today in India: Global Rally Drives Market Volatility
Silver prices continue to dominate headlines as precious metals witness sharp movements across global and domestic markets. On January 26, 2026, international markets saw a powerful surge. Moreover, gold prices on COMEX crossed the historic $5,000 mark per ounce, touching $5,046.70, while silver jumped to $106.81 per ounce, setting a fresh global record.
Meanwhile, the Indian bullion market reflected this momentum strongly. Silver futures on the Multi Commodity Exchange (MCX) soared by ₹12,638, nearly 4 percent, reaching an all-time high of ₹3,39,927 per kilogram. Just a day earlier, silver futures had already touched ₹3,35,521 per kilogram, underlining the strong bullish sentiment.
Silver Prices Ease Slightly After Record Highs
However, after the sharp rally, silver prices witnessed mild profit booking. According to a GoodReturns report, today’s silver rate slipped by around ₹5,000, bringing the price down to ₹3,35,000 per kilogram. Additionally, data released by the Indian Bullion and Jewellers Association (IBJA) showed silver closing at ₹3,17,705 per kilogram on Friday evening.
Since bullion markets remain closed on Saturdays and Sundays, this closing rate will remain applicable throughout the weekend. Therefore, buyers planning to invest or make jewellery purchases should closely track official rates before finalising any deal.
Gold and Silver Rates Today: Latest National Prices
Alongside silver, gold prices have also remained firm. Moreover, continued global uncertainty, central bank buying, and a weaker dollar have supported precious metals. In the domestic market today, 24-karat gold was recorded at ₹1,60,250 per kilogram. On the other hand, 22-karat gold stood at ₹1,46,890 per 10 grams, while 18-karat gold was priced at ₹1,20,180 per 10 grams.
Consequently, investors are increasingly viewing both gold and silver as reliable hedges against inflation and market volatility.
Silver Price Today in Major Indian Cities
Silver prices remained largely uniform across major cities, reflecting stable spot rates. Additionally, minor differences may occur due to local taxes, transportation costs, and jeweller margins.
| City | 10 Grams | 100 Grams | 1 Kg |
|---|---|---|---|
| Delhi | ₹3,350 | ₹33,500 | ₹3,35,000 |
| Mumbai | ₹3,350 | ₹33,500 | ₹3,35,000 |
| Kolkata | ₹3,350 | ₹33,500 | ₹3,35,000 |
| Chennai | ₹3,350 | ₹33,500 | ₹3,35,000 |
| Patna | ₹3,350 | ₹33,500 | ₹3,35,000 |
| Lucknow | ₹3,350 | ₹33,500 | ₹3,35,000 |
| Kanpur | ₹3,350 | ₹33,500 | ₹3,35,000 |
| Meerut | ₹3,350 | ₹33,500 | ₹3,35,000 |
| Ayodhya | ₹3,350 | ₹33,500 | ₹3,35,000 |
| Ghaziabad | ₹3,350 | ₹33,500 | ₹3,35,000 |
| Noida | ₹3,350 | ₹33,500 | ₹3,35,000 |
| Chandigarh | ₹3,350 | ₹33,500 | ₹3,35,000 |
| Gurugram | ₹3,350 | ₹33,500 | ₹3,35,000 |
| Jaipur | ₹3,350 | ₹33,500 | ₹3,35,000 |
Why Silver Prices Are Rising: Key Market Drivers
Several factors are driving silver’s remarkable performance. Firstly, strong industrial demand from electric vehicles, solar panels, and electronics continues to push prices higher. Additionally, silver benefits whenever gold rallies, as investors look for relatively affordable precious metal alternatives.
Meanwhile, geopolitical tensions and expectations of interest rate cuts by global central banks have further boosted safe-haven demand. Consequently, market experts believe silver could remain volatile but fundamentally strong in the near term.
What Buyers Should Keep in Mind
If you are planning to buy silver, tracking daily updates is crucial. Moreover, prices can change quickly once markets reopen after the weekend. On the other hand, long-term investors may see price dips as potential buying opportunities, especially given silver’s growing industrial importance.
Therefore, whether you are investing, trading, or buying jewellery, staying informed about both global cues and local bullion rates will help you make smarter decisions.