Silver continues to shine, benefiting from the accelerating energy transition and rising safe-haven demand. The white metal was trading near record levels at $91.58 (01:51 am GMT), representing a 0.83 percent decline from its previous close. The metal recorded a new high of $93.70 on January 15 amid worsening geopolitical tensions and sustained industrial demand.
On MCX, the metal closed the session at a record high of Rs 2,94,497 for a kilogram, up 0.37 percent from the previous close. The metal had touched Rs 2,93,000 in the previous session but slipped to end lower.
Check out below to see the prices of 1 kilogram of 999 purity silver.
| Date | Price (₹) |
|---|---|
| Jan. 15, 2026 | 2,77,512 |
| Jan. 14, 2026 | 2,77,512 |
| Jan. 13, 2026 | 2,63,032 |
| Jan. 12, 2026 | 2,56,776 |
| Jan. 9, 2026 | 2,39,994 |
| Jan. 8, 2026 | 2,35,826 |
| Jan. 7, 2026 | 2,48,000 |
| Jan. 6, 2026 | 2,43,150 |
| Jan. 5, 2026 | 2,37,063 |
| Jan. 2, 2026 | 2,34,550 |
| Jan. 1, 2026 | 2,29,150 |
Source: Indian Bullion Jewellers Association – 18:30 rate session as on Jan. 15, 2026.
What is with silver prices?
The January 15 Augmont Bullion report said that silver retreated sharply from its record high of $93 after US President Donald Trump stopped short of announcing new tariffs on critical mineral imports. Instead, he said the US would seek negotiations with foreign countries to secure supplies and swiftly cut supply-chain risks, while keeping the option of import curbs open if talks fail to yield timely results.
Read more: Silver races ahead of gold: 7 trends investors should watch in 2026
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.
| Silver Price Today (₹) | |
|---|---|
| City | 1 Kilogram (₹) |
| Chennai | 3,10,100 |
| Mumbai | 2,95,000 |
| Delhi | 2,95,000 |
| Kolkata | 2,95,000 |
| Bangalore | 2,95,000 |
| Hyderabad | 3,10,100 |
| Kerala | 3,10,100 |
| Pune | 2,95,000 |
| Vadodara | 2,95,000 |
| Ahmedabad | 2,95,000 |
| Source: Good Returns | |
Outlook: Will silver regain momentum this week?
The Augmont report predicts that traders can witness some profitbooking and retracement upto $84 (Rs 2,60,000), before prices move higher again.
Markets are weighing the extent of potential Federal Reserve easing amid global uncertainty. Softer-than-expected November producer inflation, both headline and core, alongside mild December consumer inflation data, has bolstered expectations that the Fed has scope for multiple rate cuts this year.
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