Friday, Jan 23, 2026: Silver prices in Kolkata were quoted steady at Rs 3,400 for 10 grams, Rs 34,000 for 100 grams, and Rs 3,40,000 for 1 kg, based on the latest city-wise data shared. The local pricing comes at a time when global silver prices have been tracking a sharp move higher, keeping the precious metal in focus.
Kolkata silver rates today (Jan 23)
| Quantity | Rate |
|---|---|
| 10 gram | Rs 3,400 |
| 100 gram | Rs 34,000 |
| 1 kg | Rs 3,40,000 |
Where Kolkata stands versus other key cities
In today’s list, Kolkata was quoted in the same bracket as Mumbai, Delhi, Bangalore, Pune, Vadodara, and Ahmedabad, all at Rs 3,40,000 per kg. Meanwhile, Chennai, Hyderabad, and Kerala were higher at Rs 3,60,000 per kg, indicating a premium in those markets for the same unit weight.
Global cues driving focus on silver
Silver prices surged sharply on Friday, rising nearly 3% to trade close to $99 per ounce, as a combination of macro factors and market positioning pushed the metal to fresh record highs. In the domestic derivatives market, silver futures on the Multi Commodity Exchange (MCX) were trading around Rs 3,35,943 per kg, up 2.6%, tracking strength in international prices.
The rally was supported by a weaker US dollar, which typically boosts demand for precious metals, and a shift toward real assets amid changing US–Europe geopolitical dynamics, including Greenland-related tensions. Silver also found support from expectations around US monetary policy, with the Federal Reserve widely expected to keep rates unchanged in the near term, while markets continue to price in two potential rate cuts later this year.
Beyond macro factors, the upmove has also been linked to stronger retail participation, supply-side constraints, and market positioning, all of which have added to price momentum in the metal.
Note: The above silver rates are indicative and may not include GST, TCS and other levies. Actual rates can vary by location and seller.
