Silver prices in India moved higher on Wednesday, January 28, tracking continued strength in global markets and firm domestic demand. The precious metal extended its recent rally, with prices rising across all major weight categories.
As per the latest rates, silver is priced at Rs 380 per gram, marking a gain of Rs 10 from the previous session. On a kilogram basis, silver is trading at Rs 3,80,000, up Rs 10,000 compared to yesterday.
The sharp rise reflects strong momentum seen in international markets, where silver has been hovering near record levels amid heightened safe-haven demand, volatility in global equities, and spillover strength from gold.
Silver price in India today (January 28, 2026)
On the domestic market, silver prices stood at Rs 380 for 1 gram, Rs 3,040 for 8 grams, Rs 3,800 for 10 grams, Rs 38,000 for 100 grams, and Rs 3,80,000 per kilogram. Compared to Tuesday’s rates, prices have increased by Rs 10 per gram and Rs 1,000 per 100 grams.
What is driving silver prices higher?
Silver prices continue to be supported by strong global cues, including elevated geopolitical uncertainty, expectations of easier monetary conditions later in the year, and increased investor interest in hard assets. The rapid pace of gains in overseas markets has also pushed domestic prices higher, as traders factor in tight supply conditions and sustained buying interest.
Market participants are closely watching global price movements, currency trends, and developments in the commodities space, as silver remains sensitive to changes in risk sentiment.
With prices at elevated levels, buyers and investors are expected to track daily fluctuations closely, especially as volatility remains high in global precious metal markets.
