Silver Rate Today: Silver prices in India created history on Monday, January 19, as the precious metal staged one of its sharpest rallies in decades. In a remarkable surge, silver prices jumped from the Rs 2 lakh level to breach the Rs 3 lakh per kilogram mark within just one month, reflecting intense momentum across domestic and global markets.
Silver prices on the Multi Commodity Exchange (MCX) also touched a record high, underlining the strength in bullion demand. On January 19, silver prices rose by around Rs 10 per gram, taking the rate to Rs 305 per gram, or Rs 3,05,000 per kilogram.
According to market data, domestic silver prices had crossed the Rs 2 lakh per kg mark for the first time on December 12, and have since surged by nearly Rs 1 lakh within roughly a month, marking an unprecedented rally in the metal.
City-wise silver rates today (January 19)
In major Indian cities, silver prices stood as follows:
In Chennai, silver was priced at Rs 3,180 per 10 grams, Rs 31,800 per 100 grams, and Rs 3,18,000 per kilogram.
In Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad, silver traded at Rs 3,050 per 10 grams, Rs 30,500 per 100 grams, and Rs 3,05,000 per kilogram.
In Hyderabad and Kerala, silver prices were higher, matching Chennai levels at Rs 3,180 per 10 grams, Rs 31,800 per 100 grams, and Rs 3,18,000 per kilogram.
What is driving the silver surge?
The historic rise in silver prices has been driven by a mix of strong industrial demand, rising global precious metal prices, and increased safe-haven buying amid global uncertainty. The sharp rally on MCX has further boosted domestic sentiment, pushing silver to uncharted territory.
Important note for buyers
Silver rates mentioned above are indicative and may vary slightly across cities and jewellers due to local taxes, premiums, and making charges. Retail prices may differ from spot market rates.
