Silver prices in Delhi moved sharply higher on Monday, January 12, as strong global precious metals momentum and rising safe-haven demand supported a breakout in silver markets. The price of silver in Delhi today stands at Rs 270 per gram, up by Rs 10 compared to the previous session, while silver priced per kilogram has risen to Rs 2,70,000, marking a significant daily uptick.
The surge in prices was driven in part by a strong rally in silver futures on the Multi Commodity Exchange (MCX) and heightened global demand tied to geopolitical tensions and expectations of rate cuts by the US Federal Reserve.
Silver price today in Delhi (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 |
Silver prices in Delhi moved in line with firm MCX futures prices and robust buying interest on Monday, contributing to broad gains across multiple weight categories.
MCX silver price and domestic impact
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 sought exposure to precious metals as a hedge against growing global uncertainty. Futures strength was reflected in Delhi’s cash market, where spot prices rose sharply during the session.
Why silver prices are rising sharply in Delhi
The rapid rise in silver prices in Delhi mirrors the sharp gains seen in global markets, where spot silver climbed over 4% overnight, touching near $84 per ounce, an all-time high. This move was supported by escalating geopolitical risks that have increased safe-haven demand across gold, silver and other precious metals.
Ongoing unrest in Iran and heightened global risk aversion following political developments tied to US foreign policy and instability in other regions have contributed to increased investor interest in metals that traditionally perform well during periods of uncertainty.
US jobs data and rate-cut expectations
Another key driver of silver’s recent strength has been growing expectations of Federal Reserve rate cuts in 2026. Recent US employment data showed slower-than-expected job growth in December, including losses in sectors such as construction, retail and manufacturing. While the unemployment rate edged marginally lower, the data was interpreted by markets as a sign of cooling labor market conditions.
Investors are now pricing in at least two rate cuts by the Federal Reserve this year, reinforcing demand for non-yielding assets such as silver relative to interest-bearing instruments. Lower interest rates tend to support precious metals by reducing the opportunity cost of holding non-yielding assets.
What this means for Delhi investors
With silver prices in Delhi moving significantly higher, buyers and holders in the city have seen noteworthy gains in recent sessions. The movement reflects not only domestic demand but also broader global trends, as silver continues to respond to risk sentiment, macroeconomic data and shifts in monetary policy expectations.
FAQs: silver price in Delhi
What is the silver price in Delhi today?
Silver in Delhi 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 strong MCX futures performance, global safe-haven demand amid geopolitical risks, and rising expectations of Federal Reserve rate cuts.
Are silver prices same in all Indian cities?
No, silver prices can vary slightly across cities due to local taxes, logistics and dealer pricing, even though the broad trend is driven by national and global bullion markets.
Do these silver rates include GST?
No, the quoted silver prices are indicative and do not include GST, TCS or making charges that may apply at the point of sale.
How are MCX silver prices related to Delhi spot prices?
MCX silver futures often influence spot markets such as Delhi, as futures reflect broader market sentiment and price discovery, which then filters into cash prices.