Silver prices in Kolkata moved sharply higher on Monday, January 12, reflecting strong momentum across domestic and global precious metals markets. The silver price in Kolkata today stands at Rs 270 per gram, up by Rs 10 compared to the previous session, while 1 kilogram of silver is priced at Rs 2,70,000, marking a notable daily increase.
The rally in Kolkata’s silver prices comes amid heightened geopolitical tensions and rising expectations of interest rate cuts in the United States, which have driven safe-haven demand across bullion markets.
Silver price today in Kolkata (January 12, 2026)
| Quantity | Today | Yesterday | Change |
|---|---|---|---|
| 1 gram | Rs 270 | Rs 260 | + Rs 10 |
| 8 grams | Rs 2,160 | Rs 2,080 | + Rs 80 |
| 10 grams | Rs 2,700 | Rs 2,600 | + Rs 100 |
| 100 grams | Rs 27,000 | Rs 26,000 | + Rs 1,000 |
| 1 kg | Rs 2,70,000 | Rs 2,60,000 | + Rs 10,000 |
Prices in Kolkata moved in step with broader domestic markets, showing consistent gains across all weight categories.
MCX silver price today and its impact on Kolkata rates
Silver futures on the Multi Commodity Exchange (MCX) jumped more than 3% in early trade, hitting fresh record highs. MCX silver was trading near Rs 2,61,100 per kg, up over Rs 8,300, as investors rushed into precious metals as a hedge against rising global uncertainty. This strong performance in the futures market has supported spot prices in Kolkata, with gains filtering through local bullion inventories and dealer pricing.
Why silver prices are rising sharply in Kolkata
The sharp rise in silver prices in Kolkata mirrors strong gains in global markets, where spot silver jumped over 4% overnight to near $84 per ounce, an all-time high. Escalating geopolitical risks have underpinned safe-haven demand, with bullion assets like silver and gold drawing interest from investors seeking shelter from broader market volatility.
Heightened geopolitical uncertainty, including unrest in the Middle East and instability linked to global political developments, has increased risk aversion. This has pushed many market participants toward precious metals, which are traditionally viewed as safe-haven assets during turbulent times.
US jobs data and rate-cut expectations
Another key driver behind the recent surge in silver prices is growing market expectations of rate cuts by the US Federal Reserve in 2026. Recent employment data for December showed slower-than-expected job growth, with job losses in sectors such as construction, retail and manufacturing. Although the unemployment rate edged slightly lower, markets interpreted the data as a sign of a cooling labour market.
This has strengthened the view that the Fed may cut interest rates at least twice this year, supporting silver by reducing the opportunity cost of holding non-yielding assets, thereby increasing their appeal relative to bonds and other yield-bearing instruments.
What this means for Kolkata buyers and investors
With silver prices in Kolkata rising significantly, local buyers and investors have seen notable gains over recent sessions. The movement reflects not only local demand but also the strength of broader global trends in bullion markets. Prices in Kolkata remain sensitive to signals from both international supply/demand and shifts in risk sentiment globally.
FAQs: silver prices in Kolkata
What is the silver price in Kolkata today?
In Kolkata today, silver is priced at Rs 270 per gram, Rs 2,700 for 10 grams, Rs 27,000 for 100 grams, and Rs 2,70,000 per kilogram.
Why did silver prices rise today?
Silver prices rose sharply due to a strong rally in MCX silver futures, heightened geopolitical uncertainty and increasing expectations of US interest rate cuts.
Do silver prices vary across Indian cities?
Silver rates can vary slightly across cities due to local taxes, logistics costs and dealer pricing, even though the national trend is driven by broader bullion market movements.
Do these rates include GST and making charges?
No, quoted silver prices are indicative and do not include GST, TCS or retail making charges that may apply at the time of purchase.
How do MCX silver futures relate to Kolkata spot prices?
MCX silver futures help with price discovery and often influence spot market pricing in cities like Kolkata, as futures trends filter through inventory valuations and trader sentiment.
