In early January 2026, silver prices in India rose sharply, tracking strong gains in global precious metal markets. In the international market, spot silver prices crossed $90 per troy ounce for the first time, which translates to around ₹2.8 lakh per kilogram in Indian terms.
The rally was supported by softer global inflation data, expectations of future interest rate cuts, ongoing geopolitical tensions, and strong safe-haven demand for precious metals. Reflecting these global cues, domestic silver prices in India climbed to the range of approximately ₹270–₹285 per gram, or ₹2.7–₹2.85 lakh per kilogram, in major bullion markets during early January.
That global momentum is reflected in Indian market rates, where prices per kilogram have rallied significantly.
Silver Price Change Last 10 Days
Using reliable market listings for the silver rate in India, this table paints a picture of steady gains, especially from Jan 10 onwards, with only a couple of small declines in the first week of January.
| Date | Silver Price ₹/kg | Daily Change |
|---|---|---|
| Jan 14, 2026 | ₹2,90,000 | +₹15,000 |
| Jan 13, 2026 | ₹2,75,000 | +₹5,000 |
| Jan 12, 2026 | ₹2,70,000 | +₹10,000 |
| Jan 11, 2026 | ₹2,60,000 | 0 |
| Jan 10, 2026 | ₹2,60,000 | +₹11,000 |
| Jan 09, 2026 | ₹2,49,000 | -₹3,000 |
| Jan 08, 2026 | ₹2,52,000 | -₹5,000 |
| Jan 07, 2026 | ₹2,57,000 | +₹4,000 |
| Jan 06, 2026 | ₹2,53,000 | +₹5,000 |
| Jan 05, 2026 | ₹2,48,000 | +₹7,000 |
Overall, prices have climbed roughly 17% above early January levels, showing strong momentum.
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What Drove This Silver Rally?
There isn’t one single cause for the recent rise; it’s a mix of global and domestic market factors.
First, the international market saw silver prices push above strong psychological levels, trading over $90 per ounce, something not seen before. That reflects expectations for lower future interest rates in the U.S. after softer inflation reports and persistent geopolitical tensions, both of which push investors toward safe-haven assets like silver and gold.
Investment demand also matters. With gold running at record levels, silver often follows as traders and investors look for alternative stores of value. One report noted that both gold and silver hit record highs in India recently, with silver jumping sharply in national capital markets.
At the same time, in commodities trading, price volatility itself can fuel more moves: large short squeezes, speculative interest and futures market positioning tend to exaggerate trends in both directions. Short-term swings like the small dip around Jan. 8–9 can be part of normal market churn.
Also Read: Silver Price Forecast 2026
Simple Trend Check: What the Data Shows
If you focus just on the numbers, a few plain observations stand out:
Prices ticked up modestly early in the period, dipped slightly in the middle, then accelerated higher in the last four days.
The most significant daily jump came on Jan. 14 (+₹15,000), building on gains from Jan. 12 (+₹10,000) and Jan. 10 (+₹11,000).
The days with price drops were followed quickly by renewed upward movement, suggesting strong underlying demand.
Overall, this isn’t sideways movement. It’s a clear uptrend, not just noise.
Also Read: Ways to Buy Silver on the Stock Market
How This Affects You
For someone thinking about buying silver now:
- Higher entry cost. Buying today is more expensive than even just a week ago. If your goal is physical purchases (gifts, traditional occasions, or household demand), you’re paying a premium.
- Longer-term holds might still make sense if the global macro environment stays supportive (low rates, inflation concerns, geopolitical uncertainty).
- Short-term traders saw a clear rally; profit-taking could begin once prices stall or reverse. As we saw around Jan. 8 and 9, even strong rallies have pullbacks.
Broader Market Context
Silver’s performance is tied to a few broader trends. Globally, the metal has been on a multi-year upswing and is more sensitive to industrial demand than gold. Supply constraints, strong demand for electronics and solar applications, and investor flows into precious metal ETFs have all played their part.
In India, cultural demand spikes around festivals or weddings can add incremental price pressure on top of global moves, though this is a smaller factor compared to macro drivers.
What to Watch Next
Keep an eye on:
- U.S. inflation data and Fed guidance. If rate cut expectations grow, silver could get another leg up.
- Dollar index levels. A weaker dollar usually makes commodities like silver more attractive.
- Industrial demand reports. Silver is not just an investment metal; any changes in tech or solar adoption can shift demand meaningfully.
Summary
The past 10 days show silver in a clear upward trend after breaking significant price thresholds. Prices in India have climbed noticeably, reflecting global rally dynamics tied to economic data and safe-haven demand. While volatility is always part of commodities trading, the recent pattern points to strong buying interest rather than a temporary blip.
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