Today, January 19, 2026, silver has etched its name in history. For the first time ever in the Indian market, silver prices have breached the monumental ₹3,00,000 per kilogram mark. This historic rally sees the white metal outperforming gold, driven by a combination of geopolitical tremors and soaring industrial demand.
According to the latest live updates from GoodReturns, silver prices have skyrocketed by ₹10,000 per kg in a single day.
Current Silver Rates in India (January 19, 2026)
The surge has pushed prices to a fresh lifetime high, with retail rates across major cities reflecting this unprecedented momentum.
| Unit | Today’s Price (INR) | Yesterday’s Price (INR) | Change |
| 1 Gram | ₹305 | ₹295 | ↑ ₹10 |
| 8 Grams | ₹2,440 | ₹2,360 | ↑ ₹80 |
| 10 Grams | ₹3,050 | ₹2,950 | ↑ ₹100 |
| 100 Grams | ₹30,500 | ₹29,500 | ↑ ₹1,000 |
| 1 Kilogram | ₹3,05,000 | ₹2,95,000 | ↑ ₹10,000 |
City-Wise Silver Rates: Regional Variations
While the national average has crossed the ₹3 lakh threshold, certain regions—particularly in South India—are seeing even higher rates due to intense local demand and tax variations.
- Delhi, Mumbai, & Kolkata: ₹3,05,000 per kg
- Bangalore: ₹3,05,000 per kg
- Chennai, Hyderabad, & Kerala: ₹3,18,000 per kg (A massive premium)
The “Trump Factor” and Global Cues
The primary catalyst for today’s explosive growth is international instability. Silver jumped over 4% toward $94 per ounce globally after US President Donald Trump signaled fresh tariff threats, specifically targeting eight European Union nations.
As traders rush to “safe-haven” assets to protect their wealth from potential trade wars and currency devaluation, silver has become a top pick. In India, the MCX Silver futures also hit a record high of over ₹3,01,315 per kg, confirming that the rally is backed by professional investors and institutional buying.
Silver vs. Gold: The Outperformance
In a rare turn of events, silver is significantly outshining gold. While gold remains strong, silver has delivered a staggering 28.2% return in just the first 19 days of January 2026. Starting the year at ₹2,38,000, the metal has gained approximately ₹67,000 per kg in less than three weeks.
What Lies Ahead?
With global spot silver nearing the psychological $100 mark, analysts are no longer ruling out even higher domestic prices. The persistent supply deficit, coupled with silver’s essential role in AI hardware and green energy (solar and EVs), provides a strong fundamental floor for these prices.
However, investors are advised to stay cautious. Such vertical rallies are often followed by brief periods of “profit-booking” where prices may dip slightly before consolidating for the next move.