Silver prices in India edged higher on Friday, January 2, 2026, tracking firmness in global markets and improved domestic demand. As per the latest data, silver is priced at Rs 242 per gram, while 1 kilogram of silver costs Rs 2,42,000, marking a rise of Rs 4 per gram and Rs 4,000 per kg compared to the previous session.
In the domestic bullion market, silver prices moved up after seeing some volatility in the last few sessions. The metal had declined earlier this week but has shown signs of recovery at the start of the new year.
In major cities, silver prices remain largely uniform. In Mumbai, Delhi, Kolkata, Bengaluru, Pune, Vadodara and Ahmedabad, silver is trading at Rs 2,420 per 10 grams, Rs 24,200 per 100 grams, and Rs 2,42,000 per kg. Meanwhile, Chennai, Hyderabad and Kerala are quoting slightly higher rates, with silver priced at Rs 2,600 per 10 grams, Rs 26,000 per 100 grams, and Rs 2,60,000 per kg.
Over the last 10 days, silver prices have seen sharp swings. From levels around Rs 2,33,000 per kg on December 24, prices surged to Rs 2,62,000 per kg on December 27, before correcting and stabilising near current levels.
Silver prices in India are influenced by global spot prices, the US dollar movement, industrial demand trends, and domestic factors such as import duties and currency fluctuations. Local prices may vary slightly depending on taxes, logistics, and jeweller margins.
Note: The above silver rates are indicative and do not include GST, TCS, or making charges. Actual prices may vary across cities and jewellers.
