As of January 17, 2026, silver rates in India have witnessed a rebound, recovering from a minor correction seen earlier in the week. Following the festive momentum of Makar Sankranti and Pongal, the metal has climbed back to touch the ₹2,95,000 per kg mark in major cities.
According to the latest data from GoodReturns, silver prices have jumped by ₹3,000 per kilogram today, mirroring a similar recovery in gold prices as safe-haven demand remains robust.
Today’s Silver Price in India (January 17, 2026)
The price per gram has increased by ₹3, reflecting a steady daily gain for both retail buyers and industrial investors.
| Quantity | Today’s Price (INR) | Yesterday’s Price (INR) | Change |
| 1 Gram | ₹295 | ₹292 | ↑ ₹3 |
| 8 Grams | ₹2,360 | ₹2,336 | ↑ ₹24 |
| 10 Grams | ₹2,950 | ₹2,920 | ↑ ₹30 |
| 100 Grams | ₹29,500 | ₹29,200 | ↑ ₹300 |
| 1 Kilogram | ₹2,95,000 | ₹2,92,000 | ↑ ₹3,000 |
City-Wise Silver Rates Today
While most major metros are trading at the ₹2.95 lakh level, regional demand and local taxes continue to push prices even higher in southern India.
- Mumbai, Delhi, & Kolkata: ₹2,95,000 per kg
- Bangalore & Pune: ₹2,95,000 per kg
- Chennai, Hyderabad, & Kerala: ₹3,10,000 per kg
- Ahmedabad & Lucknow: ₹2,95,000 per kg
Market Analysis: Why is Silver Rising Again?
The recovery today is driven by a mix of domestic demand and global macroeconomic shifts:
- Industrial Demand Resilience: As a key component in 2026’s booming green energy sector (solar panels and EV batteries), silver continues to benefit from a global supply deficit.
- Weakening US Dollar: A slight dip in the US Dollar index has made precious metals more attractive to international buyers, providing upward pressure on domestic prices.
- Post-Festival Sentiment: Despite the conclusion of major festivals like Pongal, the wedding season in India continues to fuel the demand for silver jewelry and silverware, keeping the “white metal” in high demand.
- Profit-Taking Followed by Re-entry: After the sharp correction on January 16 where prices fell to ₹2.92 lakh, investors saw a buying opportunity, leading to the fresh inflow of capital that pushed rates back up today.
Historical Performance & Forecast
Silver has had an extraordinary start to 2026. On January 1, the price stood at ₹2,38,000 per kg, meaning the metal has appreciated by nearly 24% in just over two weeks.
Technical analysts suggest that the current trend remains “strongly bullish.” If the current momentum holds, market experts predict that silver could soon breach the psychological barrier of ₹3,20,000 per kg before the end of the quarter.