Silver futures open strong above Rs 250,801 amid geopolitical tension; check rates in your city

Silver price today

• Silver spot price rose 2.78 percent in a day, reaching $78.74 per ounce on Jan 6
• Geopolitical tensions have boosted silver as a safe-haven investment
• Silver may rally further, with targets of $88.60, $99, and $107 in coming months

Did our AI summary help?

The spot price of silver on January 6 stood at $78.74 per ounce as of 9:03 a.m. IST, representing a gain of 2.78 percent in a day and 2.90 percent in a week. The prices of gold have appreciated in the aftermath of the recent military attack by the US against Venezuela, which saw investors rush to buy the precious metal.

The domestic futures price of silver on MCX opened the Tuesday session at Rs 2,50,801 per 1 kilogram of 999 purity. The price is up 1.08 percent from its previous close at Rs 2,48,205. The price of precious white metal hit an all-time high at Rs 2,54,174 as recorded on December 26, 2025.

Check out below to see the prices of 1 kilogram of 999 purity silver.

Source: Indian Bullion Jewellers Association – 18:30 rate session as on Jan. 5, 2026.

Why is silver up?

The Augmont Bullion weekly blog, published on January 5, noted that silver's ascent has been structurally supported by governmental measures at both ends of the global supply chain. Increased geopolitical tensions across many global flashpoints have bolstered silver's status as a preferred safe-haven investment. Escalating tensions between the United States and Iran, fresh strains in US-Venezuela relations, and the ongoing Russia-Ukraine conflict have all contributed to greater uncertainty in bullion markets, global commerce and financial stability.

City-wise silver prices in India today

Silver rates across India’s major cities showed remarkable uniformity, with only marginal differences due to local taxes, jeweller margins, and logistics costs.

Outlook: Will silver regain momentum this week?

The Augmont report further stated that the silver rally started from $45 in October, and extended up $82.7 in December 2025. Fibonacci extension suggests that this rally can extend further towards $88.60, $99 and $107 in the coming few months of 2026. Strong support lies at $64.