Silver Rate Today (2026): Live Prices in Delhi, Mumbai, Ahmedabad & Major Cities
Silver Rate Today in India: As of Today, the price of silver has seen a significant correction following a record-breaking month. After touching an all-time high of ₹4,10,000 per kg earlier this week, the MCX Silver Rate is currently consolidating around ₹3,94,900 per kg.
Whether you are looking for the 1 gram silver rate today for a small purchase or tracking MCX silver rate today live for industrial investment, this guide provides the most accurate, city-wise data.
Today’s Silver Price in India (National Average)
Prices for silver vary based on weight. Below is the breakdown for standard retail units:
| Unit | Silver Rate Today (INR) | Change from Yesterday |
| 1 Gram Silver Rate | ₹394.90 | ▼ ₹0.10 |
| 10 Gram Silver Rate | ₹3,949 | ▼ ₹1.00 |
| 100 Gram Silver Rate | ₹39,490 | ▼ ₹10.00 |
| 1 Kg Silver Rate | ₹3,94,900 | ▼ ₹100.00 |
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Market Note: The current silver-to-gold ratio is at historical lows, suggesting that silver continues to be a high-performance asset in 2026 despite the recent price dip.
City-Wise Silver Rate Today (Jan 31, 2026)
Silver prices fluctuate across Indian cities due to local taxes, transportation costs, and demand.
| City | Price per kg (INR) | Trend |
| Silver Rate Today Delhi | ₹3,94,900 | Stable |
| Silver Rate Today Mumbai | ₹3,95,000 | Stable |
| Silver Rate Today Ahmedabad | ₹3,95,000 | Stable |
| Silver Rate Today Chennai | ₹4,05,000 | Regional Premium |
| Silver Rate Today Hyderabad | ₹4,05,000 | High Demand |
| Silver Rate Today Bangalore | ₹3,95,000 | Stable |
| Silver Rate Today Pune | ₹3,95,000 | Stable |
| Silver Rate Today Surat | ₹3,95,000 | Stable |
| Silver Rate Today Nagpur | ₹3,95,000 | Stable |
| Silver Rate Today Bhopal | ₹3,95,000 | Stable |
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MCX Silver Rate Today Live: Why are Prices Falling?
The MCX silver rate (March Futures) is currently trading near ₹3.95 Lakh per kg. This follows a massive 30% rally earlier in January. Several factors are driving the current volatility:
- US Dollar Strength: A strengthening USD has put pressure on precious metals globally.
- Profit Booking: After hitting record highs near $120 per ounce internationally, investors are locking in gains.
- Industrial Demand: High demand from the Solar energy, EV (Electric Vehicle), and AI chip sectors remains the primary long-term floor for prices.
- Geopolitical Shifts: Markets are closely watching Washington’s new trade policies and Federal Reserve nominations.
Factors Influencing Today’s Silver Rate
- International Spot Prices: Silver is a global commodity; price shifts in London and New York affect your local jeweler in India.
- Import Duties: Any change in the Union Budget regarding precious metal taxes directly impacts the silver rate today.
- Rupee vs Dollar: As silver is imported, a weaker Rupee makes silver more expensive for Indian buyers.
Frequently Asked Questions (FAQs)
Q1: What is the 1 gram silver rate today? As of Jan 31, 2026, the rate is approximately ₹394.90 per gram.
Q2: Why is the silver rate in Chennai higher than in Delhi? Regional silver prices differ due to varying state-level taxes (GST remains the same, but local levies can vary) and logistics costs.
Q3: Is it a good time to buy silver? While silver has corrected from its peak of ₹4.10 Lakh, analysts suggest a long-term bullish outlook due to its critical role in green energy and electronics.