Silver prices in India edged lower on Friday, January 16, after witnessing a sharp rally and fresh all-time highs in the previous session. The correction comes amid profit booking and weaker global cues, even as prices remain elevated on a broader weekly basis.
As per the latest data, silver is priced at Rs 292 per gram and Rs 2,92,000 per kilogram in India, down Rs 3 per gram and Rs 3,000 per kg compared with Thursday’s levels.
Silver price in India today – January 16, 2026
| Quantity | Today’s price | Yesterday’s price | Change |
|---|---|---|---|
| 1 gram | Rs 292 | Rs 295 | – Rs 3 |
| 8 grams | Rs 2,336 | Rs 2,360 | – Rs 24 |
| 10 grams | Rs 2,920 | Rs 2,950 | – Rs 30 |
| 100 grams | Rs 29,200 | Rs 29,500 | – Rs 300 |
| 1 kg | Rs 2,92,000 | Rs 2,95,000 | – Rs 3,000 |
City-wise silver rates in India today
| City | 10 grams | 100 grams | 1 kg |
|---|---|---|---|
| Chennai | Rs 3,060 | Rs 30,600 | Rs 3,06,000 |
| Mumbai | Rs 2,920 | Rs 29,200 | Rs 2,92,000 |
| Delhi | Rs 2,920 | Rs 29,200 | Rs 2,92,000 |
| Kolkata | Rs 2,920 | Rs 29,200 | Rs 2,92,000 |
| Bengaluru | Rs 2,920 | Rs 29,200 | Rs 2,92,000 |
| Hyderabad | Rs 3,060 | Rs 30,600 | Rs 3,06,000 |
| Kerala | Rs 3,060 | Rs 30,600 | Rs 3,06,000 |
| Pune | Rs 2,920 | Rs 29,200 | Rs 2,92,000 |
| Vadodara | Rs 2,920 | Rs 29,200 | Rs 2,92,000 |
| Ahmedabad | Rs 2,920 | Rs 29,200 | Rs 2,92,000 |
Why silver prices fell today
The decline in domestic silver prices mirrors weakness in international markets after a sharp surge earlier this week. Globally, silver eased after the US refrained from immediately imposing import tariffs on critical minerals, including silver, reducing near-term supply concerns.
Additionally, a stronger US dollar weighed on precious metals after better-than-expected US jobless claims data, which pushed the dollar index to a six-week high. Easing geopolitical tensions, particularly around Iran, also reduced safe-haven demand for gold and silver.
Despite today’s correction, silver remains up sharply on a weekly basis after touching record highs on both MCX and COMEX earlier this week, supported by tight supply conditions, strong investor interest, and macroeconomic uncertainty.
Outlook
Market participants continue to track global inflation trends, US Federal Reserve policy signals, and currency movements for further cues. While near-term volatility is expected after the recent rally, silver prices remain elevated compared to historical levels.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Precious metal prices are subject to market risks and fluctuations. Always conduct your own research or consult a financial advisor before making investment decisions.