Silver Rate Latest Update: 6th April 2026
Silver prices in the national capital slipped marginally on Monday, with the metal quoted at ₹233.4 per gram and ₹2,33,400 per kilogram. On the MCX, silver pared a portion of its earlier losses after reports of a diplomatic push for a ceasefire in the Iran war lifted sentiment briefly, though prices continued to remain under pressure as US President Donald Trump stepped up his rhetoric around the conflict that has unsettled global markets.
Despite the partial recovery, broader headwinds kept precious metals in negative territory. A stronger US dollar, elevated Treasury yields and fading expectations of interest rate cuts by the US Federal Reserve weighed on prices, while rising crude oil prices also heightened concerns over inflation.
Renisha Chainani, Head of Research at Augmont, said market participants would closely track key triggers this week, including developments around the US-Iran deadline, US GDP data and the release of FOMC meeting minutes for further direction. She added that silver is expected to trade in a range of $67 (around ₹2,15,000) to $77 (around ₹2,42,000) during the week.
Silver Rate Latest Update: 31st March 2026
Silver prices in the national capital edged higher on Monday, with the metal trading at ₹229.5 per gram and ₹2,29,500 per kilogram.
Silver prices on MCX rebounded more than 2% to ₹2,30,520 per kg from the day’s low on Monday, March 30, as investors stepped in to buy the metal on dips. However, the upside remained limited due to a stronger dollar and a sharp rise in energy prices, which heightened inflation concerns and further reduced expectations of U.S. Federal Reserve interest rate cuts this year. Brent crude climbed above $115 per barrel after Yemeni Houthis carried out attacks on Israel over the weekend, escalating the ongoing conflict and adding to inflationary pressures. Market participants see little likelihood of a U.S. rate cut this year, as elevated energy prices could feed into broader inflation and restrict the scope for monetary easing. Meanwhile, the U.S. dollar has strengthened more than 2% since the U.S.-Israeli war on Iran began on February 28.
Silver have retreated from recent highs as geopolitical tensions and a mixed macro backdrop kept bullion under pressure. Renisha Chainani, Head - Research at Augmont said Silver is holding above key support at $66 ( ₹2,19,000). Prices are expected to consolidate within a broad range of $66 to $75 ( ₹2,38,000). A breakout on either side will signal the next move, while short-term price action may remain choppy due to macro and geopolitical factors, she added.
Silver Rate Latest Update: 16th March 2026
Silver prices in Delhi slipped on Monday, March 16, with the white metal quoted at ₹250.4 per gram, or ₹2,50,400 per kg. On the MCX too, silver prices edged lower as investors turned cautious amid fears that rising oil prices could add to inflationary pressures and force major central banks, including the US Federal Reserve, to maintain a hawkish stance for longer.
Higher inflation and tighter monetary policy expectations tend to weigh on non-yielding assets such as silver, even though the metal continues to find support from broader bullish sentiment.
Renisha Chainani, Head of Research at Augmont, said silver remains technically well supported despite the recent dip. According to her, the metal is holding firm near the $80 level, which translates to around ₹260,000, and continues to show upward momentum. She said the next upside target for silver is seen near $95, or around ₹285,000.
On the downside, Chainani pegged strong support near $75, equivalent to roughly ₹255,000, suggesting that any short-term correction could continue to attract buying interest. Her view indicates that while near-term volatility may persist, silver’s broader trend remains positive.
Silver Rate Latest Update: 13th March 2026
Silver prices in the national capital edged lower on Friday, with the metal trading at ₹263.5 per gram and ₹2,63,500 per kilogram. Silver prices on MCX moved lower on Friday, pressured by a sharp rise in crude oil prices and a stronger U.S. dollar as tensions from the prolonged US–Iran conflict continued to influence global markets.
The rally in energy prices has raised concerns about inflation and added volatility across commodity markets. Additionally, the latest inflation readings suggested that price pressures remain largely contained, which reduced expectations of an immediate interest rate cut.
Despite the near-term weakness, analysts remain optimistic about the broader outlook for silver. Renisha Chainani, Head - Research at Augmont stated that after achieving the target of $90, Silver also remains firmly supported and is continuing its upward momentum, with the next upside target seen around $95 ( ₹285,000). On the downside, strong support is placed near $80 ( ₹260,000), suggesting that any short-term corrections could attract fresh buying interest, she added.
Silver Rate Latest Update: 26th February 2026
Silver prices in the national capital were trading lower by ₹8,340, or 3.09%, at ₹2,61,230 per kilogram on Thursday. MCX Silver prices declined, falling by ₹10,253, or 3.68%, to Rs
2,68,111 per kg, as demand softened. Market sentiment was mixed amid uncertainty surrounding US tariff policy and ongoing US-Iran negotiations eased.
Iran and the US were scheduled to hold another round of talks in Geneva later in the day, aimed at resolving their prolonged nuclear dispute and averting fresh US strikes on Iran following a significant military buildup in the region.
From a technical perspective, Renisha Chainani, Head of Research at Augmont, said silver has met its earlier target of $85, which is roughly ₹2,60,000. She added that prices are now steadily moving toward the next resistance levels of $90 (around ₹2,69,000) and $92 (nearly ₹2,75,000).
Silver Rate Latest Update: 23th February 2026
Silver prices in the national capital edged higher on Monday, with the metal trading at
₹291.9 per gram and
₹2,91,900 per kilogram. The rally followed a sharp jump in MCX silver, which surged over 6%, tracking a weaker dollar amid continued uncertainty surrounding trade agreements negotiated with the US. Geopolitical tensions between the US and Iran also remained in focus. Sentiment was further unsettled after the US Supreme Court curtailed President Donald Trump’s tariff authority, lifting demand for safe-haven assets.
Renisha Chainani, Head of Research at Augmon, said silver prices are approaching a key resistance zone near $92, which is roughly equivalent to
₹2,80,000. She noted that unless prices decisively break above this level, silver is likely to trade in a range with intermittent volatility. Given the current market setup, she said a buy-on-dips and sell-on-rallies strategy appears appropriate for silver, while gold continues to show a stronger upward momentum bias.
Silver Rate Latest Update: 19th February 2026
Silver prices in the national capital was trading at
₹2719 per 10 gram and
₹2,71,900 per kilogram on Thursday. MCX Silver prices pared early losses and stabilised after opening on a weak note. Trading in the white metal remained subdued as thin liquidity conditions prevailed, with several major Asian markets, including China, closed for the Lunar New Year holidays. At the same time, escalating geopolitical tensions between the U.S. and Iran lent support to precious metals, helping limit further downside.
From a technical perspective, Renisha Chainani, Head of Research at Augmont, expects silver to remain under pressure and move into a consolidation phase within the $70–$90 range, which translates to roughly
₹2,25,000–
₹2,85,000. She advises traders to adopt a buy-on-dips and sell-on-rallies approach in the current environment. However, a decisive break below the $70 level could open the door to a deeper correction toward $64, or about
₹2,00,000.
Silver Rate Latest Update: 17th February 2026
Silver prices in the national capital edged lower on Tuesday, with the metal trading at
₹284.9 per gram and
₹2,84,900 per kilogram. The decline came as MCX silver fell over 2%, tracking weakness in global bullion markets amid a stronger US dollar.
The U.S. dollar index climbed 0.2% against a basket of major currencies, which increased the cost of dollar-denominated metals for overseas investors and weighed on silver prices. Additional pressure stemmed from subdued trading activity across Asian markets during the Lunar New Year holiday period. Meanwhile, market volumes also remained thin as major financial centres in mainland China, Hong Kong, Singapore, Taiwan, and South Korea stayed closed for the entire week due to the festive break, limiting regional participation and dampening price momentum.
In short term, silver is expected to trade weak and consolidate in the
₹225,000 – 285,000 range. Traders should follow a buy-on-dips, sell-on-rallies strategy. A breakdown below
₹225,000 may trigger further downside toward
₹200,000, predicts, Renisha Chainani, Head - Research at Augmont.
Silver Rate Latest Update: 13th February 2026
Silver prices held firm in the national capital, with rates quoted at
₹2,80,000 per kg and
₹2,800 per 10 grams, even as global stock markets went through a heavy sell-off. The weakness in equities was driven by rising anxiety around AI-led disruption, while the US dollar failed to gain momentum despite upbeat US employment data. The stronger jobs numbers dampened hopes of near-term rate cuts, yet silver found support as traders added fresh positions, analysts observed.
From a global perspective, Ponmudi R, CEO of Enrich Money, said COMEX silver is currently consolidating in the $80–$87 zone after a steep fall from record levels above $121. He explained that although the long-term structure remains bullish, the recent correction has pushed prices below important moving averages, suggesting near-term downside pressure.
Silver Rate Latest Update: 12th February 2026
Like gold, silver prices also faced some pullback on Thursday, February 12. Investors shied away from the precious metals as strong US jobs data for January tempered expectations of more near-term interest rate cuts by the Federal Reserve.
In the domestic spot market in Delhi, silver rate today is
₹258,110. It has declined
₹4700 over the last day's price.
Ponmudi R, CEO of Enrich Money, said that although the long-term bullish structure remains intact, prices have slipped below major moving averages, indicating ongoing short-term corrective pressure.
"Strong support is seen in the
₹2,25,000–
₹2,60,000 band, aligned with prior structural bases. A sustained hold above this region, followed by a decisive recovery, could trigger upward momentum towards
₹3,00,000–
₹3,25,000. Dips towards support may continue to offer accumulation opportunities for positional participants, though a decisive breakdown below this zone could extend the correction further," he added.
Silver Rate Latest Update: 11th February 2026
Silver prices in Delhi today, February 11, jumped close to ₹7,000 to near ₹2,60,000. The prices rose today amid hopes of a rate cut by the US Federal Reserve following soft US retail data last evening.
However, investors must note that silver prices have corrected sharply from ₹4,20,000. While the broader bullish structure remains valid, short-term momentum is still under pressure, said Ponmudi R, CEO of Enrich Money.
"Dips toward support may offer positional accumulation opportunities, but a decisive break below support could accelerate downside extension," he added. According to the expert, the ₹2,25,000– ₹2,60,000 support band remains crucial. Sustained stability above ₹2,66,000, followed by strong follow-through, could push prices toward ₹2,75,000– ₹2,80,000, he added.
Silver Rate Latest Update: 9th February 2026
Silver prices in India today rebounded sharply on Monday, February 9, rising almost 4%. The silver prices outpaced gold today. The rise in the white metal was supported by a softer US dollar and steady safe‑haven demand.
However, analysts warn that silver remained more volatile, reflecting speculative flows and short-term profit-booking. Domestic buying interest and international cues lifted prices, while profit-taking was seen near intra-day highs. Gaurav Garg, Research Analyst at Lemonn Markets Desk, said that silver prices in India today have support at ₹2.40–2.45 lakh.
Ponmudi R, CEO of Enrich Money, meanwhile said the medium-to-long-term outlook stays constructive on steady industrial demand and structural supply constraints despite elevated volatility.
Silver Rate Latest Update: 30th January 2026
Silver rate in Delhi crashed by more than
₹17,000, or over 4%, per kilogram on Friday amid profit booking at record high levels. Silver price in the national capital was down by
₹17,290 to
₹3,83,770 per kilogram.
The white metal prices fell over 4%, retreating from all-time highs as investors locked in profits following the record rally, while rebound in the dollar added pressure on the metal. Despite the pullback, silver prices are on track to gain more than 50% in January, marking its best monthly performance on record and extending a winning streak to nine consecutive months.
“The recent rally in silver price has been fueled by persistent geopolitical and economic uncertainties, which boosted safe-haven demand, alongside a sharp depreciation in the dollar triggered by shifting policies in Washington and President Donald Trump’s apparent indifference to the currency’s weakness. Silver’s surge was further supported by a tight physical market, with both investment and industrial demand hitting record levels,” said Jigar Trivedi, Senior Research Analyst at IndusInd Securities.
According to
Ajay Kedia, Director of Kedia Advisory, the trend for MCX silver price today remains negative. The white metal may face resistance at
₹4,05,000 level, while support is placed at
₹3,62,650 per kg level.
Silver Rate Latest Update: 28th January 2026
Silver rate in Delhi surged to another record high of ₹3.75 lakh per kilogram as the rally showed no signs of abating. On January 28, silver rate today in Delhi rose by ₹20,000.
Analysts believe that the rise in silver prices, like in gold, comes amid a weakening US dollar, renewed geopolitical tensions and firm investor appetite for the safe-haven assets.
Jigar Trivedi, Senior Research Analyst at IndusInd Securities, noted that the rally in silver was fuelled by developments in China, as per a PTI report.
"In China, a pure-play silver fund suspended trading after surging demand pushed its premium well above the value of its underlying assets. Silver has seen robust interest from retail investors in China as prices kept rallying, with manufacturers shifting production from jewellery to 1 kilogram silver bars," Trivedi was quoted as saying by PTI.
MCX silver price continues to display high-beta outperformance after a powerful breakout, absorbing every minor correction with ease, said Ponmudi R, CEO of Enrich Money.
"The rising channel remains steep and firmly intact, with the 20-day EMA near ₹3,64,000 acting as strong dynamic support. Sustained trade above ₹3,80,000 keeps momentum decisively bullish. Immediate upside targets are placed at ₹3,90,000 – ₹4,00,000, with scope to extend toward ₹4,00,000 – ₹4,10,000 over the next few months. Any dip toward the ₹3,50,000 – ₹3,60,000 zone should continue to be viewed as a strong accumulation opportunity within the prevailing uptrend," he added while sharing the key technical levels for silver prices.
Silver Rate Latest Update: 27th January 2026
Silver prices surged to fresh record highs once again as the rally in the white metal remains supported by safe-haven demand amid geopolitical risks and a weak US dollar.
The policies and tariff threats of US President Donald Trump are pushing investors to take shelter in the precious metals even after the massive rise seen over the last year or so. In fresh signs of trade tensions, Trump threatened to hike tariffs on South Korean goods from 15% to 25%. This comes on the heels of 100% and 200% tariff hike threats on Canada and certain French products by Trump. Furthermore, a weak US dollar is also precious metals cheaper for most buyers.
Against this backdrop, silver rate in Delhi on January 27 jumped by almost ₹27,950 per kilogram to ₹362,270 in the retail market.
Aamir Makda, Commodity & Currency Analyst, Choice Broking, said that on MCX, silver prices are trading above key moving averages i.e. 20, 50 and 100-DEMA levels.
"While the momentum is undeniably strong, there is a technical warning sign. The RSI (Relative Strength Index) is currently in overbought territory across all timeframes. More importantly, a Daily RSI divergence has appeared—a classic "red flag" suggesting that long positions should proceed with caution despite the bullishness. We are expecting a moderately bullish trend in the upcoming session in Gold and Silver," said Makda.
Silver Rate Latest Update: 23rd January 2026
The unabated rise in silver continued on January 23 as the silver rate in Delhi surged to a record high level amid an over ₹9000 per kg rise in the white metal today. The trigger for the silver price rise remained sustained safe-haven buying, its industrial usage, along with a weak US dollar.
As a result, silver prices in Delhi topped ₹335,000 per kg today. Going ahead, while the outlook remains firm, analysts advise caution amid the massive bull run.
"While silver’s dual role as a precious and industrial metal positions it as a potent return enhancer, its historical volatility suggests that retail investors should approach the recent rally with caution. Rather than a core hedge, silver is currently best suited for tactical exposure or as a specialised component of a diversified portfolio," advised Tapan Patel, Fund Manager-Commodities at Tata Asset Management.
Ponmudi R, CEO of Enrich Money, however, said that MCX silver price continues to exhibit high-beta leadership, absorbing every minor correction with ease. The rising channel remains very steep, with the 20-day EMA near ₹3,24,000 providing strong dynamic support, he said.
A sustained trade above ₹3,40,000 keeps the bullish momentum firmly intact, according to the expert. "Immediate upside targets are placed at ₹3,50,000 – ₹3,60,000, with further extension possible toward ₹3,70,000 – ₹3,75,000 over the coming months. Any pullback toward ₹3,28,000 – ₹3,20,000 should be viewed as a high-conviction accumulation zone," he opined.
Silver Rate Latest Update: 22nd January 2026
Silver rate in Delhi witnessed a sharp correction in the domestic spot and futures market today, January 22, as investors booked profit amid easing geopolitical concerns. The pullback followed after
Donald Trump ruled out military action and avoided tariff threats on the EU trade amid the tussle over Greenland. Moreover, the US dollar also rose, dimming the appeal of precious metals for holders of other currencies.
After trending almost 2.3% lower on COMEX, silver prices had rebounded over 1% in afternoon trade. This also rubbed off on the domestic silver rate in Delhi today, as it rebounded from the day's low.
Going ahead, analysts at Kotak Securities believe that despite the fall in silver today, lingering uncertainty due to political pressure on the Fed, weaker-than-expected U.S. pending home sales, and renewed fiscal concerns after a sharp selloff in Japanese government bonds continue to sustain safe-haven interest. This, they believe, will continue to drive demand for silver.
Meanwhile, Ponmudi R, CEO of Enrich Money, on January 22 said that MCX silver price remains entrenched in a strong bullish channel, with consistent buying emerging on dips. "The metal continues to outperform as a high-beta precious metal play. Sustained strength above
₹3,15,000 keeps the upside bias intact, with breakout targets placed at
₹3,35,000 –
₹3,50,000 and beyond," he noted. On corrective declines, he expects silver to move below
₹3,00,000, which could lead to a test of the
₹2,90,000 –
₹2,80,000 zone, where fresh accumulation is likely to emerge.
Silver Rate Latest Update: 13th March 2026
Silver prices in the national capital edged lower on Friday, with the metal trading at
₹263.5 per gram and
₹2,63,500 per kilogram. Silver prices on MCX moved lower on Friday, pressured by a sharp rise in crude oil prices and a stronger U.S. dollar as tensions from the prolonged US–Iran conflict continued to influence global markets.
The rally in energy prices has raised concerns about inflation and added volatility across commodity markets. Additionally, the latest inflation readings suggested that price pressures remain largely contained, which reduced expectations of an immediate interest rate cut.
Despite the near-term weakness, analysts remain optimistic about the broader outlook for silver. Renisha Chainani, Head - Research at Augmont stated that after achieving the target of $90, Silver also remains firmly supported and is continuing its upward momentum, with the next upside target seen around $95 (
₹285,000). On the downside, strong support is placed near $80 (
₹260,000), suggesting that any short-term corrections could attract fresh buying interest, she added.
Silver Rate Latest Update: 26th February 2026
Silver prices in the national capital were trading lower by
₹8,340, or 3.09%, at
₹2,61,230 per kilogram on Thursday. MCX Silver prices declined, falling by
₹10,253, or 3.68%, to Rs
2,68,111 per kg, as demand softened. Market sentiment was mixed amid uncertainty surrounding US tariff policy and ongoing US-Iran negotiations eased.
Iran and the US were scheduled to hold another round of talks in Geneva later in the day, aimed at resolving their prolonged nuclear dispute and averting fresh US strikes on Iran following a significant military buildup in the region.
From a technical perspective, Renisha Chainani, Head of Research at Augmont, said silver has met its earlier target of $85, which is roughly
₹2,60,000. She added that prices are now steadily moving toward the next resistance levels of $90 (around
₹2,69,000) and $92 (nearly
₹2,75,000).
Silver Rate Latest Update: 23th February 2026
Silver prices in the national capital edged higher on Monday, with the metal trading at
₹291.9 per gram and
₹2,91,900 per kilogram. The rally followed a sharp jump in MCX silver, which surged over 6%, tracking a weaker dollar amid continued uncertainty surrounding trade agreements negotiated with the US. Geopolitical tensions between the US and Iran also remained in focus. Sentiment was further unsettled after the US Supreme Court curtailed President Donald Trump’s tariff authority, lifting demand for safe-haven assets.
Renisha Chainani, Head of Research at Augmon, said silver prices are approaching a key resistance zone near $92, which is roughly equivalent to
₹2,80,000. She noted that unless prices decisively break above this level, silver is likely to trade in a range with intermittent volatility. Given the current market setup, she said a buy-on-dips and sell-on-rallies strategy appears appropriate for silver, while gold continues to show a stronger upward momentum bias.
Silver Rate Latest Update: 19th February 2026
Silver prices in the national capital was trading at
₹2719 per 10 gram and
₹2,71,900 per kilogram on Thursday. MCX Silver prices pared early losses and stabilised after opening on a weak note. Trading in the white metal remained subdued as thin liquidity conditions prevailed, with several major Asian markets, including China, closed for the Lunar New Year holidays. At the same time, escalating geopolitical tensions between the U.S. and Iran lent support to precious metals, helping limit further downside.
From a technical perspective, Renisha Chainani, Head of Research at Augmont, expects silver to remain under pressure and move into a consolidation phase within the $70–$90 range, which translates to roughly
₹2,25,000–
₹2,85,000. She advises traders to adopt a buy-on-dips and sell-on-rallies approach in the current environment. However, a decisive break below the $70 level could open the door to a deeper correction toward $64, or about
₹2,00,000.
Silver Rate Latest Update: 17th February 2026
Silver prices in the national capital edged lower on Tuesday, with the metal trading at
₹284.9 per gram and
₹2,84,900 per kilogram. The decline came as MCX silver fell over 2%, tracking weakness in global bullion markets amid a stronger US dollar.
The U.S. dollar index climbed 0.2% against a basket of major currencies, which increased the cost of dollar-denominated metals for overseas investors and weighed on silver prices. Additional pressure stemmed from subdued trading activity across Asian markets during the Lunar New Year holiday period. Meanwhile, market volumes also remained thin as major financial centres in mainland China, Hong Kong, Singapore, Taiwan, and South Korea stayed closed for the entire week due to the festive break, limiting regional participation and dampening price momentum.
In short term, silver is expected to trade weak and consolidate in the
₹225,000 – 285,000 range. Traders should follow a buy-on-dips, sell-on-rallies strategy. A breakdown below
₹225,000 may trigger further downside toward
₹200,000, predicts, Renisha Chainani, Head - Research at Augmont.
Silver Rate Latest Update: 13th February 2026
Silver prices held firm in the national capital, with rates quoted at
₹2,80,000 per kg and
₹2,800 per 10 grams, even as global stock markets went through a heavy sell-off. The weakness in equities was driven by rising anxiety around AI-led disruption, while the US dollar failed to gain momentum despite upbeat US employment data. The stronger jobs numbers dampened hopes of near-term rate cuts, yet silver found support as traders added fresh positions, analysts observed.
From a global perspective, Ponmudi R, CEO of Enrich Money, said COMEX silver is currently consolidating in the $80–$87 zone after a steep fall from record levels above $121. He explained that although the long-term structure remains bullish, the recent correction has pushed prices below important moving averages, suggesting near-term downside pressure.
Silver Rate Latest Update: 12th February 2026
Like gold, silver prices also faced some pullback on Thursday, February 12. Investors shied away from the precious metals as strong US jobs data for January tempered expectations of more near-term interest rate cuts by the Federal Reserve.
In the domestic spot market in Delhi, silver rate today is
₹258,110. It has declined
₹4700 over the last day's price.
Ponmudi R, CEO of Enrich Money, said that although the long-term bullish structure remains intact, prices have slipped below major moving averages, indicating ongoing short-term corrective pressure.
"Strong support is seen in the
₹2,25,000–
₹2,60,000 band, aligned with prior structural bases. A sustained hold above this region, followed by a decisive recovery, could trigger upward momentum towards
₹3,00,000–
₹3,25,000. Dips towards support may continue to offer accumulation opportunities for positional participants, though a decisive breakdown below this zone could extend the correction further," he added.
Silver Rate Latest Update: 11th February 2026
Silver prices in Delhi today, February 11, jumped close to ₹7,000 to near ₹2,60,000. The prices rose today amid hopes of a rate cut by the US Federal Reserve following soft US retail data last evening.
However, investors must note that silver prices have corrected sharply from ₹4,20,000. While the broader bullish structure remains valid, short-term momentum is still under pressure, said Ponmudi R, CEO of Enrich Money.
"Dips toward support may offer positional accumulation opportunities, but a decisive break below support could accelerate downside extension," he added. According to the expert, the ₹2,25,000– ₹2,60,000 support band remains crucial. Sustained stability above ₹2,66,000, followed by strong follow-through, could push prices toward ₹2,75,000– ₹2,80,000, he added.
Silver Rate Latest Update: 9th February 2026
Silver prices in India today rebounded sharply on Monday, February 9, rising almost 4%. The silver prices outpaced gold today. The rise in the white metal was supported by a softer US dollar and steady safe‑haven demand.
However, analysts warn that silver remained more volatile, reflecting speculative flows and short-term profit-booking. Domestic buying interest and international cues lifted prices, while profit-taking was seen near intra-day highs. Gaurav Garg, Research Analyst at Lemonn Markets Desk, said that silver prices in India today have support at ₹2.40–2.45 lakh.
Ponmudi R, CEO of Enrich Money, meanwhile said the medium-to-long-term outlook stays constructive on steady industrial demand and structural supply constraints despite elevated volatility.
Silver Rate Latest Update: 30th January 2026
Silver rate in Delhi crashed by more than
₹17,000, or over 4%, per kilogram on Friday amid profit booking at record high levels. Silver price in the national capital was down by
₹17,290 to
₹3,83,770 per kilogram.
The white metal prices fell over 4%, retreating from all-time highs as investors locked in profits following the record rally, while rebound in the dollar added pressure on the metal. Despite the pullback, silver prices are on track to gain more than 50% in January, marking its best monthly performance on record and extending a winning streak to nine consecutive months.
“The recent rally in silver price has been fueled by persistent geopolitical and economic uncertainties, which boosted safe-haven demand, alongside a sharp depreciation in the dollar triggered by shifting policies in Washington and President Donald Trump’s apparent indifference to the currency’s weakness. Silver’s surge was further supported by a tight physical market, with both investment and industrial demand hitting record levels,” said Jigar Trivedi, Senior Research Analyst at IndusInd Securities.
According to
Ajay Kedia, Director of Kedia Advisory, the trend for MCX silver price today remains negative. The white metal may face resistance at
₹4,05,000 level, while support is placed at
₹3,62,650 per kg level.
Silver Rate Latest Update: 28th January 2026
Silver rate in Delhi surged to another record high of ₹3.75 lakh per kilogram as the rally showed no signs of abating. On January 28, silver rate today in Delhi rose by ₹20,000.
Analysts believe that the rise in silver prices, like in gold, comes amid a weakening US dollar, renewed geopolitical tensions and firm investor appetite for the safe-haven assets.
Jigar Trivedi, Senior Research Analyst at IndusInd Securities, noted that the rally in silver was fuelled by developments in China, as per a PTI report.
"In China, a pure-play silver fund suspended trading after surging demand pushed its premium well above the value of its underlying assets. Silver has seen robust interest from retail investors in China as prices kept rallying, with manufacturers shifting production from jewellery to 1 kilogram silver bars," Trivedi was quoted as saying by PTI.
MCX silver price continues to display high-beta outperformance after a powerful breakout, absorbing every minor correction with ease, said Ponmudi R, CEO of Enrich Money.
"The rising channel remains steep and firmly intact, with the 20-day EMA near ₹3,64,000 acting as strong dynamic support. Sustained trade above ₹3,80,000 keeps momentum decisively bullish. Immediate upside targets are placed at ₹3,90,000 – ₹4,00,000, with scope to extend toward ₹4,00,000 – ₹4,10,000 over the next few months. Any dip toward the ₹3,50,000 – ₹3,60,000 zone should continue to be viewed as a strong accumulation opportunity within the prevailing uptrend," he added while sharing the key technical levels for silver prices.
Silver Rate Latest Update: 27th January 2026
Silver prices surged to fresh record highs once again as the rally in the white metal remains supported by safe-haven demand amid geopolitical risks and a weak US dollar.
The policies and tariff threats of US President Donald Trump are pushing investors to take shelter in the precious metals even after the massive rise seen over the last year or so. In fresh signs of trade tensions, Trump threatened to hike tariffs on South Korean goods from 15% to 25%. This comes on the heels of 100% and 200% tariff hike threats on Canada and certain French products by Trump. Furthermore, a weak US dollar is also precious metals cheaper for most buyers.
Against this backdrop, silver rate in Delhi on January 27 jumped by almost ₹27,950 per kilogram to ₹362,270 in the retail market.
Aamir Makda, Commodity & Currency Analyst, Choice Broking, said that on MCX, silver prices are trading above key moving averages i.e. 20, 50 and 100-DEMA levels.
"While the momentum is undeniably strong, there is a technical warning sign. The RSI (Relative Strength Index) is currently in overbought territory across all timeframes. More importantly, a Daily RSI divergence has appeared—a classic "red flag" suggesting that long positions should proceed with caution despite the bullishness. We are expecting a moderately bullish trend in the upcoming session in Gold and Silver," said Makda.
Silver Rate Latest Update: 23rd January 2026
The unabated rise in silver continued on January 23 as the silver rate in Delhi surged to a record high level amid an over ₹9000 per kg rise in the white metal today. The trigger for the silver price rise remained sustained safe-haven buying, its industrial usage, along with a weak US dollar.
As a result, silver prices in Delhi topped ₹335,000 per kg today. Going ahead, while the outlook remains firm, analysts advise caution amid the massive bull run.
"While silver’s dual role as a precious and industrial metal positions it as a potent return enhancer, its historical volatility suggests that retail investors should approach the recent rally with caution. Rather than a core hedge, silver is currently best suited for tactical exposure or as a specialised component of a diversified portfolio," advised Tapan Patel, Fund Manager-Commodities at Tata Asset Management.
Ponmudi R, CEO of Enrich Money, however, said that MCX silver price continues to exhibit high-beta leadership, absorbing every minor correction with ease. The rising channel remains very steep, with the 20-day EMA near ₹3,24,000 providing strong dynamic support, he said.
A sustained trade above ₹3,40,000 keeps the bullish momentum firmly intact, according to the expert. "Immediate upside targets are placed at ₹3,50,000 – ₹3,60,000, with further extension possible toward ₹3,70,000 – ₹3,75,000 over the coming months. Any pullback toward ₹3,28,000 – ₹3,20,000 should be viewed as a high-conviction accumulation zone," he opined.
Silver Rate Latest Update: 22nd January 2026
Silver rate in Delhi witnessed a sharp correction in the domestic spot and futures market today, January 22, as investors booked profit amid easing geopolitical concerns. The pullback followed after
Donald Trump ruled out military action and avoided tariff threats on the EU trade amid the tussle over Greenland. Moreover, the US dollar also rose, dimming the appeal of precious metals for holders of other currencies.
After trending almost 2.3% lower on COMEX, silver prices had rebounded over 1% in afternoon trade. This also rubbed off on the domestic silver rate in Delhi today, as it rebounded from the day's low.
Going ahead, analysts at Kotak Securities believe that despite the fall in silver today, lingering uncertainty due to political pressure on the Fed, weaker-than-expected U.S. pending home sales, and renewed fiscal concerns after a sharp selloff in Japanese government bonds continue to sustain safe-haven interest. This, they believe, will continue to drive demand for silver.
Meanwhile, Ponmudi R, CEO of Enrich Money, on January 22 said that MCX silver price remains entrenched in a strong bullish channel, with consistent buying emerging on dips. "The metal continues to outperform as a high-beta precious metal play. Sustained strength above
₹3,15,000 keeps the upside bias intact, with breakout targets placed at
₹3,35,000 –
₹3,50,000 and beyond," he noted. On corrective declines, he expects silver to move below
₹3,00,000, which could lead to a test of the
₹2,90,000 –
₹2,80,000 zone, where fresh accumulation is likely to emerge.
