BIG Jump In Silver Rate Today Amid US-Venezuela Tensions, 3% Up On MCX | Jan 6 Rate in Bangalore, Chennai, etc

Silver Rate Today: There was a sharp jump in the prices of silver in Bangalore (Bengaluru), Chennai, Delhi, and other Indian cities on Monday, January 5. The sharp rebound in silver rate today came amid escalation of tensions between the United States and Venezuela. Due to rising geopolitical tensions, domestic as well as international silver rates started the week with a sharp rebound.

Meanwhile, silver deficit and the industrial demand for the precious metal continued to exert upward pressure on the metal. Here are all the details about silver rate in Bangalore, Mumbai, Delhi and other Indian cities.

Silver Rate in India

The price of silver in India surged to Rs 247 per gram and to Rs 2,47,000 per kilogram. Silver rate in India surged nearly 180% in the year 2025. Experts are still bullish on the silver prices and expect that the white metal may continue to surge in the year 2026 as well.

MCX Silver Rate

Silver futures with March 2026 expiry also surged on Monday, January 5. MCX silver jumped around 3% during Monday's intraday trade. MCX silver futures (with March expiry) touched an intraday high of Rs 2,49,900 per kilogram on Monday and an intraday low of Rs 2,41,223 per kilogram during the session till 2:30 pm.

Silver Rate in Bangalore, Delhi, Chennai, Mumbai, Hyderabad, etc

City	10 gram	100 gram	1 Kg
Chennai	₹2,650	₹26,500	₹2,65,000
Mumbai	₹2,470	₹24,700	₹2,47,000
Delhi	₹2,470	₹24,700	₹2,47,000
Kolkata	₹2,470	₹24,700	₹2,47,000
Bangalore	₹2,470	₹24,700	₹2,47,000
Hyderabad	₹2,650	₹26,500	₹2,65,000
Kerala	₹2,650	₹26,500	₹2,65,000
Pune	₹2,470	₹24,700	₹2,47,000
Vadodara	₹2,470	₹24,700	₹2,47,000
Ahmedabad	₹2,470	₹24,700	₹2,47,000

International Silver Rate Today

The international silver rate today surged nearly 4% and continued to extend gains from the previous sessions amid tensions due to US strike on Venezuela. The international silver rate today was priced at $76 per ounce on Monday, according to Trading Economics.

Silver Price Outlook

Explaining the gold and silver rally in 2025, Rajeev Sharan, Head - Criteria, Model Development & Research, Brickwork Ratings, stated, "The rally in gold, silver, and copper through 2025 was more than a market surge-it was a signal of deeper economic shifts. A 79% increase in gold price and a historic 140% surge in silver reflected two major trends: countries moving away from holding dollars as reserves, and rising prices eroding the value of paper money worldwide."

"Silver's 2025 rally is being shaped by real metal scarcity rather than speculative positioning. Physical deficits, policy-driven supply restrictions, and concentrated inventories are increasingly dictating prices, signalling a durable shift in how the silver market is priced and traded," stated Navneet Damani Head of Research - Commodities and Mr. Manav Modi Commodities Analyst, Motilal Oswal Financial Services Ltd

While the initial target of $75 on COMEX has been achieved, Motilal Oswal reiterates its target of $77 on COMEX, equivalent to ₹2,46,000 on the domestic market, with further revisions dependent on evolving market conditions.