Silver Prices Fluctuate as 2026 Begins: Current Rates Across Major Cities
Silver Prices Show Variability at the Start of 2026
New Delhi, January 3, 2026: As the new year commences, silver prices are experiencing notable fluctuations. Following a record-breaking year in 2025, silver continues to attract investors in 2026. Currently, the international market sees silver priced around $72-74 per ounce, which is directly influencing the Indian market. The demand for silver remains robust due to industrial needs, particularly in solar panels and electric vehicles.
Today, the average price of silver in India is recorded at ₹2,42,100 per kilogram (₹242.10 per gram), reflecting a slight increase compared to yesterday. Experts suggest that due to global economic uncertainties and supply shortages, silver prices are likely to remain elevated.
Current Silver Prices in Major Cities (per kilogram, including minor tax variations):
- Delhi: ₹2,42,000
- Mumbai: ₹2,42,000
- Chennai: ₹2,60,000 (higher demand in South India)
- Kolkata: ₹2,42,000
- Ahmedabad: ₹2,42,000
- Bengaluru: ₹2,58,000
- Hyderabad: ₹2,60,000
Experts indicate that the prices of silver are significantly influenced by the interest rates set by the U.S. Federal Reserve, the strength of the dollar, and global industrial demand. If you are considering purchasing silver, it is advisable to confirm the latest rates with local jewelers and thoroughly analyze the market conditions before investing.