Silver Prices Continue Upward Trend, Check Latest Silver Rate on January 8, 2026
Silver prices maintained their positive momentum on January 8, 2026, reflecting growing investor interest amid global economic uncertainty. The precious metal has been witnessing steady demand as investors look for safe-haven assets in response to geopolitical tensions, fluctuating currencies, and expectations of interest rate cuts by central banks.
According to international market data, spot silver was trading at $78.27 per ounce, marking a 0.10% increase compared to the previous closing price. On a weekly basis, silver has delivered an impressive gain of nearly 7.7%, indicating strong buying interest across global markets.
Silver Gains in Indian Markets as Well
In the domestic market, silver prices showed mild strength on the Multi Commodity Exchange (MCX). The price of 999 purity silver stood at ₹2,51,146 per kilogram, up from ₹2,50,605 in the previous session, reflecting a 0.22% rise. Notably, silver had touched a recent high of ₹2,59,692 per kg on January 7, underlining the volatility and active trading environment in the bullion market.
Market participants attribute this upward movement to rising safe-haven demand. With growing concerns around economic stability in major economies like the United States and political developments in regions such as Venezuela, investors are increasingly shifting funds into precious metals like gold and silver.
Global Factors Driving Silver Prices
A report released by Augmont Bullion highlighted that the current strength in precious metals is primarily driven by risk aversion among investors. Weak manufacturing data from the US has raised concerns about slowing economic growth, further strengthening expectations that the Federal Reserve may cut interest rates in the near future.
Additionally, Minneapolis Fed President Neel Kashkari recently hinted at the possibility of a rise in unemployment, which has further fueled speculation around monetary easing. Lower interest rates typically support precious metal prices as they reduce the opportunity cost of holding non-yielding assets like silver.
Market attention is now focused on the upcoming US employment data, where around 60,000 new jobs are expected to be added in December. Any deviation from this estimate could lead to sharp movements in commodity prices, including silver.
City-wise Silver Rates in India on January 8, 2026
Silver prices across major Indian cities remained largely stable, with minor variations due to local taxes, logistics costs, and jeweller margins.
| City | Price per kg (₹) |
|---|---|
| Chennai | 2,72,100 |
| Mumbai | 2,54,100 |
| Delhi | 2,54,100 |
| Kolkata | 2,54,100 |
| Bengaluru | 2,54,100 |
| Hyderabad | 2,72,100 |
| Kerala | 2,54,100 |
| Pune | 2,54,100 |
| Ahmedabad | 2,54,100 |
Recent Trend in 999 Purity Silver Prices
| Date | Price (₹/kg) |
|---|---|
| Jan 1, 2026 | 2,29,150 |
| Jan 2, 2026 | 2,34,550 |
| Jan 5, 2026 | 2,37,063 |
| Jan 6, 2026 | 2,43,150 |
| Jan 7, 2026 | 2,48,000 |
(Source: Indian Bullion Jewellers Association)
The data clearly shows a consistent upward trend, reinforcing the positive sentiment around silver.
What Should Investors Do?
Experts suggest that silver may continue to remain volatile in the short term due to global economic cues and upcoming data releases. However, long-term investors may find opportunities in dips, especially if interest rates decline and inflationary pressures persist.
Silver is not only a precious metal but also an industrial metal, widely used in electronics, solar panels, and electric vehicles. With the global push toward renewable energy and technological advancement, silver demand is expected to remain strong in the long run.
Conclusion
Silver prices on January 8, 2026, have once again highlighted the metal’s growing importance as a safe and strategic investment option. Supported by global uncertainty, weak economic indicators, and expectations of rate cuts, silver is likely to stay in focus for investors in the coming days.
