SIlver Rate Today Sees Sharp Correction! Will Prices Rebound? Check Jan 9 Rates in Bengaluru, Chennai, etc

Silver Rate Today: After beginning 2026 on a strong footing, silver prices in Bengaluru, Chennai, Hyderabad, and other Indian cities witnessed a sharp correction on Friday, January 9. The decline comes as investors booked profits following a record rally in silver prices, driven by escalating geopolitical tensions.

The declining trend was also seen in silver futures on Multi Commodity Exchange and international prices. According to experts, the recent decline in silver prices is a short term dip and there can be some bullish movement in the coming days. Decline in domestic silver rates today mirrored the international trend as investors positioned ahead of annual rebalancing of major commodity indexes.

Silver Rate Today in India

The price of silver in India declined on Friday. Silver rate today fell to Rs 249 per gram and to Rs 2,49,000 per kilogram. The decline can beattributed to profit booking by investors. Silver rate in India delivered around 180% returns in the year 2025.

Silver Rate Today in Bengaluru, Chennai, Delhi, Hyderabad, etc

City	10 gram	100 gram	1 Kg
Chennai	₹2,680	₹26,800	₹2,68,000
Mumbai	₹2,490	₹24,900	₹2,49,000
Delhi	₹2,490	₹24,900	₹2,49,000
Kolkata	₹2,490	₹24,900	₹2,49,000
Bangalore	₹2,490	₹24,900	₹2,49,000
Hyderabad	₹2,680	₹26,800	₹2,68,000
Kerala	₹2,680	₹26,800	₹2,68,000
Pune	₹2,490	₹24,900	₹2,49,000
Vadodara	₹2,490	₹24,900	₹2,49,000
Ahmedabad	₹2,490	₹24,900	₹2,49,000

MCX Silver Futures

MCX silver futures remained volatile during Friday's intraday trading session. MCX Silver futures, with March expiry, touched an intraday high of Rs 248900 per kilogram. MCX Silver futures were trading 2.22% higher at Rs 248728 per kilogram on Friday at 2 pm.
The international silver rate today was recorded below $77 per ounce on Friday, according to Trading Economics. The annual rebalancing of commodity indexes is likely to lead to further price correction in precious metals as well as base metals' prices.

Will Silver Prices Rebound?

The decline in silver rate today is a part of short-term correction, however, the long-term silver price outlook remains bullish.

"Silver, after hitting a record ~$83.60/oz in December, has corrected sharply in India and globally, reflecting index rebalancing and profit-taking. HSBC sees a bullish H1 but heightened volatility and pullback risks in H2 2026," noted Ross Maxwell, Global Strategy Operations Lead, VT Markets.

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