Silver Price Hits Record High: Rates Cross ₹3 Lakh Per Kg, Check Latest Prices in Your City
Silver prices have once again grabbed investor attention by touching a fresh all-time high in both international and domestic markets. On January 19, 2026, silver surged sharply, crossing the psychological mark of ₹3 lakh per kilogram in India, while global prices moved close to historic levels. The rally has been driven by rising geopolitical tensions worldwide and increasing demand for safe-haven assets.
Silver Sets New Global and Domestic Records
In the international market, silver prices climbed to $94.36 per ounce during early trade on January 19. Although some profit booking was seen at higher levels and prices slipped slightly to around $93.03 per ounce, silver still traded nearly 5% higher compared to the previous closing session. This strong momentum reflects growing investor confidence in precious metals amid global uncertainty.
Back home, the impact of the global rally was clearly visible in the local bullion market, where silver prices surged beyond ₹3,10,000 per kilogram in several cities. Over the past few sessions, silver has consistently broken previous records, reinforcing its position as one of the best-performing commodities in recent weeks.
MCX Silver Prices Show Strong Momentum
On the Multi Commodity Exchange (MCX), silver opened at ₹2,99,482 per kg on January 19, registering a sharp 3.8% jump compared to the previous session. Just a few days earlier, on January 15, silver had touched ₹2,92,960 per kg, a level that has now been decisively surpassed.
The steady rise over consecutive trading sessions indicates strong buying interest from both retail and institutional investors, who are increasingly viewing silver as a hedge against inflation, currency volatility, and geopolitical risks.
Latest Silver Rates in Major Indian Cities
As of January 19, 2026, silver prices across key Indian cities stood at the following levels:
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Chennai: ₹3,10,000 per kg
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Hyderabad: ₹3,10,000 per kg
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Mumbai: ₹2,95,000 per kg
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Delhi: ₹2,95,000 per kg
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Kolkata: ₹2,95,000 per kg
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Bengaluru: ₹2,95,000 per kg
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Pune: ₹2,95,000 per kg
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Ahmedabad: ₹2,95,000 per kg
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Kerala: ₹2,54,100 per kg
Prices may vary slightly depending on local taxes, transportation costs, and bullion demand.
Recent Trend in 999-Purity Silver Prices
According to data from the Indian Bullion Jewellers Association (IBJA), silver prices have shown a steep upward trajectory over the past week:
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January 18, 2026: ₹2,81,890 per kg
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January 15, 2026: ₹2,77,512 per kg
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January 14, 2026: ₹2,77,512 per kg
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January 13, 2026: ₹2,56,776 per kg
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January 12, 2026: ₹2,29,150 per kg
This rapid rise highlights the strength of the current bullish trend in silver.
Why Are Silver Prices Rising So Fast?
Experts believe silver’s rally is being supported by its dual role in the global economy. On one hand, it is considered a safe-haven asset, similar to gold, attracting investors during periods of uncertainty. On the other hand, silver has strong industrial demand, particularly in sectors such as electronics, solar energy, electric vehicles, and manufacturing.
Additionally, growing trade tensions between the US and Europe have increased volatility in global markets. Recent tariff threats by former US President Donald Trump against European countries have further added to uncertainty, prompting investors to move funds into precious metals like gold and silver.
Should Investors Be Cautious at Current Levels?
While the long-term outlook for silver remains positive, analysts caution that profit booking may emerge at such elevated prices. According to a report by Augmont Bullion, silver could see a temporary correction and slip towards $84 per ounce, which translates to around ₹2.6 lakh per kg in the domestic market.
However, experts also note that after any short-term correction, silver prices may resume their upward journey, supported by strong fundamentals and sustained industrial demand.
Bottom Line
Silver’s move beyond ₹3 lakh per kg marks a significant milestone for the precious metal. With global uncertainties, robust industrial usage, and growing investor interest, silver continues to shine as a key asset in diversified portfolios. Investors, however, are advised to keep an eye on volatility and consider both short-term risks and long-term potential before making fresh investment decisions.
