Silver Rates In India Crash For 4th Day: 1KG, 100 Grams, 10 Grams, 1 Gram Silver Prices On New Year's Day; BUY

Silver rates in India continued to fall for the fourth day in a row on January 1, 2026. On New Year's Day, the 1KG silver price corrected by Rs 1,000 to Rs 2,38,000. From its all-time high of Rs 2,62,000 per 1Kg, silver has crashed by a whopping Rs 24,000 as of now. At MCX, silver rate is struggling as well. In the past few days, precious metals have recorded sharp volatility despite rising tensions in geopolitical on a global level. Gold rates in India have also witnessed a volatile week so far.

Silver Rates In India:

On January 1st, 1Kg silver price plunged by Rs 1,000 to Rs 2,38,000, while 100 grams and 10 grams silver declined by Rs 100 and Rs 10 to Rs 23,800 and Rs 2,380. Furthermore, 8 grams and 1 gram silver is down by Rs 8 and Re 1 to Rs 1,904 and Rs 238 respectively.

The latest decline comes after Rs 1,000 drop on December 31st, followed by a massive single-day downfall of Rs 18,000 on December 30th. Prior to this, silver was down by Rs 4,000.

Silver prices are under pressure despite geopolitical tensions intensifying. For instance, Russia-Ukraine peace talks are dire after reports said that a Ukrainian drone attacked Russia's President Vladmir Putin's residency, which is crossing the red line. Further, U.S. strikes on Venezuela's dock facilities and Chinese naval exercises heightened U.S.-Taiwan tensions.

Why Silver Prices Are Falling?

As per Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA), the price of silver is easing after the sharp rise as traders lock in gains after an exceptional rally this year. Despite this pullback, sentiment remains constructive on the back of strong industrial demand and a sustained interest by investors. In the near term, silver can see choppy movement, but the broader outlook stays positive given its strong performance over the year.

MCX Silver Price:

At the time of writing, MCX silver price dropped by Rs 651 or 0.3% to trade at Rs 2,35,050 per 1Kg for March 2026 expiry. Meanwhile, silver futures of February 2026 expiry, dipped by Rs 658 or 0.3% to trade at Rs 2,37,208 per 1Kg.

Should You Buy Silver?

Analysts at Nirmal Bang said, "silver prices are expected to witness profit booking. One can sell at 236000 with a stop loss of 238000 for the target at 233000-232000.

Silver Rates Prediction:

As per Ponmudi R, CEO of Enrich Money, following are the prediction for MCX silver and COMEX silver ahead:

Silver Outlook:

Silver is trading marginally lower near Rs2,35,500-Rs2,36,000, remaining in a healthy consolidation phase after the late-2025 correction. Immediate resistance is seen in the Rs2,37,000-Rs2,38,000 zone. Over the last two sessions, price action has formed inside-range candles, indicating balance and the absence of aggressive directional positioning. This sideways movement reflects consolidation rather than weakness, as the larger impulsive bullish structure remains intact.

Supported by both safe-haven demand and accelerating industrial usage, silver continues to hold strong long-term potential. Immediate support is seen in the Rs2,33,000-Rs2,30,000 zone, while upside potential remains open toward Rs 237,000 - Rs 238,000 in the near term as global participation normalises. Silver remains well-positioned for relative outperformance through 2026.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.