The current silver price in India stands at around ₹305 to ₹335 per gram, with 1 kg rates hovering between ₹3,05,000 and ₹3,35,000, depending on the source and market fluctuations. As of late January 2026, silver has shown strong upward movement globally, crossing highs due to tight supply, industrial demand, and safe-haven buying.
Silver Price Today in India: Latest Rates and Trends (27 January 2026)
Silver continues to attract attention from investors in India amid volatile global markets. The white metal has seen sharp gains in recent months, driven by factors like industrial use in solar panels and electronics, along with geopolitical uncertainties. In the domestic market, silver rates closely follow international prices converted to rupees, plus local duties and premiums.
On major platforms like Goodreturns, the silver rate today is listed at ₹305 per gram and ₹3,05,000 per kilogram. Other reports from Financial Express and similar sources show figures closer to ₹335 per gram in recent updates, reflecting daily changes. MCX silver futures have experienced swings, with some sessions seeing drops of Rs 18,000 to Rs 21,000 per kg after hitting peaks above Rs 3 lakh per kg earlier in the year.
The price of silver in India depends on several key elements. International spot prices on exchanges like COMEX play the biggest role. A weaker rupee against the dollar pushes domestic rates higher even if global prices stay flat. Import duties, GST at 3%, and local jeweller margins add to the final cost for buyers.
In early 2026, silver has surged significantly, with some analysts noting over 35% gains linked to supply shortages and rising demand from sectors like renewable energy. Retail interest in India remains high, especially for coins, bars, and jewellery during festival seasons. Experts point to continued strength through the year, though short-term corrections happen when traders book profits.
City-wise variations exist, but major centres like Mumbai, Delhi, and Chennai usually align closely. For exact quotes, check trusted jewellers or online portals that update live rates.
Factors Affecting Silver Rates in India
Global economic conditions heavily influence silver. Lower interest rates in major economies make non-yielding assets like precious metals more attractive. Industrial consumption, particularly in green technologies, supports long-term demand.
In the Indian context, festival buying, wedding seasons, and investment trends add domestic pressure. Geopolitical events and trade developments also cause quick shifts, as seen in recent MCX movements.
What This Means for Buyers and Investors
Those planning to buy silver jewellery, coins, or bars should compare rates across reliable sources and watch for hallmarking to ensure purity. For traders, MCX offers futures options, but it involves risks and requires careful monitoring.
Silver remains more affordable than gold, making it accessible for smaller investments. Many view it as a hedge against inflation and currency fluctuations.
The silver market in India looks set for steady interest in 2026, supported by both investment and industrial factors. Keep an eye on daily updates from MCX or trusted financial sites for the most accurate silver price today, as rates change frequently based on market conditions. Always verify with local dealers before making purchases.