Silver prices in Delhi eased on Friday, January 16, reversing part of the sharp rally seen earlier in the week. After touching fresh all-time highs in international and domestic markets, the white metal corrected lower amid profit booking and softer global cues.
As per the latest data, silver in Delhi is trading at Rs 2,92,000 per kilogram, down by around Rs 3,000 per kg compared with the previous session. On a per-gram basis, silver prices were lower, reflecting the broader correction in bullion markets.
Silver price in Delhi 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 today (January 16)
| 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 in Delhi today
Silver prices in Delhi mirrored a correction seen in global bullion markets after the metal posted record highs earlier this week. Key factors behind today’s decline include:
• Profit booking: After a strong rally and new highs, traders and investors booked profits, leading to near-term selling pressure.
• Stronger US dollar: The US dollar strengthened following robust economic data, making dollar-priced commodities like silver comparatively expensive for foreign holders and reducing demand.
• Softer safe-haven demand: Recent easing of geopolitical tensions, including reduced escalation risks in the Middle East, has slightly dampened the urgency for safe-haven buying.
• Weaker global silver: Spot silver eased from its highs after the US refrained from immediate tariffs on critical minerals, lowering near-term supply concerns.
Disclaimer: This article is for informational purposes only and should not be considered financial or investment advice. Precious metal prices are subject to market risks and volatility. Always conduct your own research or consult a professional financial advisor before making investment decisions.