Silver Rate Today Breaks Record! Spot Price Hits New High, Flat On MCX; Check Rates In Bengaluru, Delhi, etc

Silver Rate Today :Silver prices continued their sharp upward momentum on Wednesday, January 7, driven by escalating geopolitical tensions that strengthened the safe-haven appeal of precious metals. Spot silver prices touched an all-time high during the session, reflecting strong global demand. Meanwhile, silver futures on the Multi Commodity Exchange (MCX) traded largely stable with marginal gains, while domestic silver rates in India also edged higher.

Silver rate in Bengaluru, Delhi, Mumbai, Chennai, Hyderabad, and other Indian cities is closely tracked by retail jewellery buyers and even investors. For jewellery buyers, the white metal has become an alternative to super-expensive gold. Silver prices have jumped nearly 180% in the year 2025 and experts see continued demand in the metal in the coming years.

Silver Rate in India

The price of silver in India jumped around Rs 10,000 per kilogram on Wednesday, according to GoodReturns data. Silver rate in India today surged to Rs 263 per gram and to Rs 2,63,000 per kilogram. The massive silver price rally is the result of multiple factors, including strong industrial demand, central bank buying, supply side constraints, and China's interference in the silver market.

Silver Rate in Bengaluru, Delhi, Mumbai, Hyderabad, Chennai, And Other Indian Cities

City	10 gram	100 gram	1 Kg
Chennai	₹2,830	₹28,300	₹2,83,000
Mumbai	₹2,630	₹26,300	₹2,63,000
Delhi	₹2,630	₹26,300	₹2,63,000
Kolkata	₹2,630	₹26,300	₹2,63,000
Bangalore	₹2,630	₹26,300	₹2,63,000
Hyderabad	₹2,830	₹28,300	₹2,83,000
Kerala	₹2,830	₹28,300	₹2,83,000
Pune	₹2,630	₹26,300	₹2,63,000
Vadodara	₹2,630	₹26,300	₹2,63,000
Ahmedabad	₹2,630	₹26,300	₹2,63,000

MCX Silver

MCX Silver with the March expiry saw some price correction during Wednesday's trading session. MCX Silver Futures, with March expiry, was trading in red. MCX Silver was 1.41% lower at Rs 255162 per kilogram at 1:23 pm.

Meanwhile, the international silver rates also saw some price correction on Wednesday. The prices fell below $80 per ounce on Wednesday, snapping the three-day winning run, according to Trading Economics.

Silver Futures, with March Expiry, on Comex, saw a sharp jump during Wednesday's trading session. The prices touched a 52-week high mark of $82.548 per troy ounce on on January 7.

The sharp surge in silver prices has come amid high geopolitical tensions. "Silver is moving further upwards from yesterday and thus supported by the strength seen in the ongoing rise. The increase in silver is a result of strong investment demand and positive expectations with regard to industrial demand. With silver holding well above recent levels, sentiment remains positive, though short-term volatility cannot be ruled out after the sharp move," explained Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures.

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