As of January 10, 2026, silver rates in India have shown a notable recovery following a week of high volatility. After a significant drop earlier in the week, prices surged today, climbing by approximately ₹11,000 per kilogram in major cities like Delhi, Mumbai, and Bengaluru.
According to the latest data from GoodReturns, the white metal is currently trading at record levels, reflecting both global demand and local market adjustments.
Current Silver Rates in India (January 10, 2026)
| Quantity | Price (INR) | Change |
| 1 Gram | ₹260 | +₹11 |
| 10 Grams | ₹2,600 | +₹110 |
| 100 Grams | ₹26,000 | +₹1,100 |
| 1 Kilogram | ₹2,60,000 | +₹11,000 |
City-Wise Silver Rates (Per Kilogram)
Prices vary across India due to local taxes, transportation costs, and bullion associations.
- Chennai: ₹2,75,000
- Hyderabad: ₹2,75,000
- Delhi: ₹2,60,000
- Mumbai: ₹2,60,000
- Bengaluru: ₹2,60,000
Market Analysis: What’s Driving the Price?
The recent surge in silver prices is a result of several overlapping global and domestic factors:
- Global Safe-Haven Demand: Renewed geopolitical tensions in South America and the Middle East have pushed investors toward precious metals. As a “safe haven,” silver often sees a spike in demand during times of political or economic uncertainty.
- Industrial Demand: Unlike gold, silver is an essential component in the manufacturing of solar panels, electric vehicles (EVs), and advanced electronics. As global green energy initiatives accelerate in 2026, the industrial deficit of silver continues to put upward pressure on prices.
- China’s Export Policy: New export restrictions on silver from China, which took effect at the start of 2026, have significantly tightened global supply, leading to sharp price rallies in international markets.
- Currency Fluctuations: The Indian Rupee’s movement against the US Dollar remains a key factor. A weaker Rupee makes imported silver more expensive for domestic buyers, contributing to the higher price tags seen in Indian jewelry shops.
Historical Performance & Outlook
Silver has been a standout performer over the last year. In January 2025, silver was trading near ₹92,600 per kg. Today, at ₹2,60,000 per kg, it has seen a staggering increase of over 170% in just twelve months.
Experts suggest that while the market may face intermittent “profit-booking” (where prices temporarily dip as investors sell to realize gains), the long-term trend for 2026 remains bullish. Some analysts predict that if current supply deficits persist, silver could even test the ₹3,00,000 per kg mark before the end of the year.