Silver Rate Today: Silver Touches New Peak, Check Latest Prices on January 7

Silver prices witnessed a strong surge on January 7, continuing their upward momentum and reaching fresh peak levels in the global as well as domestic markets. In the international market, silver prices on the COMEX exchange climbed to a record high of $82.585 per ounce, while trading remained steady near $80.95 per ounce during early hours.

Over the past one week alone, silver has delivered an impressive gain of nearly 14 percent, indicating strong bullish sentiment among investors. Market participants attribute this rally to a combination of geopolitical tensions, economic uncertainty, and rising demand for safe-haven assets.

Domestic Market Holds Near Record Levels

In the domestic commodity market, silver prices opened slightly lower but remained close to their recent highs. On the Multi Commodity Exchange (MCX), 999 purity silver opened at ₹2,57,211 per kilogram, marginally below the previous closing price. Despite the minor dip, prices continue to hover near peak levels, reflecting underlying strength in the market.

Traders believe that the current consolidation is healthy after a sharp rally and does not indicate any major reversal in trend.

Why Are Silver Prices Rising?

The ongoing rally in silver prices is being driven by multiple global and domestic factors. The upward trend began around August, when silver was trading near the $45 per ounce level. Since then, prices have steadily climbed and crossed the $80 mark by December 2025, forming a strong long-term uptrend.

According to reports from bullion market experts, concerns over global supply policies, rising geopolitical tensions, and uncertainty in financial markets have pushed investors toward precious metals such as silver and gold.

Tensions involving major global powers, strained diplomatic relations between certain countries, and ongoing conflicts have increased risk perception across asset classes. In such an environment, silver has emerged as a preferred option for investors seeking both safety and value.

Industrial Demand Adds Further Support

Apart from its role as a safe-haven asset, silver continues to benefit from robust industrial demand. Its widespread use in sectors such as electronics, renewable energy, and electric mobility has strengthened its price outlook.

Analysts note that silver’s dual role — as a precious metal and an industrial commodity — gives it an edge during periods of economic transition and technological expansion. This sustained demand has helped keep prices firm even during short-term market fluctuations.

Uniform Prices Across Key Markets

Due to strong demand and limited availability, silver prices remain largely consistent across major bullion markets. On January 7, silver prices for one kilogram were reported as follows:

• Chennai: ₹2,71,100

• Mumbai: ₹2,53,100

• Delhi: ₹2,53,100

• Kolkata: ₹2,53,100

• Bengaluru: ₹2,53,100

• Hyderabad: ₹2,53,100

• Kerala: ₹2,53,100

• Pune: ₹2,53,100

• Ahmedabad: ₹2,53,100

Recent Price Trend of 999 Purity Silver

Here is a snapshot of how silver prices have moved in recent days:

• January 1, 2026: ₹2,29,150 per kg

• January 2, 2026: ₹2,34,550 per kg

• January 5, 2026: ₹2,37,063 per kg

• January 6, 2026: ₹2,43,150 per kg

(Source: Indian Bullion Jewellers Association)

Outlook for Silver Prices

Experts believe that silver prices may remain volatile in the short term due to profit booking at higher levels. However, the overall outlook continues to remain positive, supported by geopolitical uncertainty, industrial demand, and a preference for precious metals as a hedge against economic risks.

Investors are advised to closely monitor global developments and currency movements, as these factors are likely to influence silver prices in the coming sessions.