As of January 2, 2026, silver prices in India are experiencing fluctuations across major cities. Several factors, including international market trends, currency movements, and industrial demand, influence these rates. Here’s a snapshot of the current silver rates in key cities:

Delhi:

• ₹237.90 per gram.
• ₹2,379 per 10 grams.
• ₹23,790 for 100 grams.
• ₹2,37,900 per kilogram.

Another source indicates slightly different figures for Delhi:

• ₹2,380 per 10 grams.
• ₹23,800 for 100 grams.
• ₹2,38,000 per kilogram.

Mumbai:

• ₹237.90 per gram.
• ₹2,379 per 10 grams.
• ₹23,790 for 100 grams.
• ₹2,37,900 per kilogram.

Another source states:

• ₹2,380 for 10 grams.
• ₹23,800 for 100 grams.
• ₹2,38,000 per kilogram.

Yet another source indicates the price of silver in Mumbai is ₹2,54,900 per 1 kg.

Hyderabad:

• ₹255.90 per gram.
• ₹2,559 per 10 grams.
• ₹25,590 per 100 grams.
• ₹2,55,900 per kilogram.

Another source provides slightly different values:

• ₹2,560 per 10 grams.
• ₹25,600 per 100 grams.
• ₹2,56,000 per kilogram.

Other Cities:

• Chennai: ₹2,55,900 per kg.
• Kolkata: ₹2,37,900 per kg.
• Bangalore: ₹2,37,900 per kg.
• Kerala: ₹2,55,900 per kg.
• Pune: ₹2,37,900 per kg.

Factors Influencing Silver Prices:

• Global Market Trends: Silver prices in India are heavily influenced by international prices, which can move in either direction.
• Currency Movements: The rupee's exchange rate against the dollar plays a crucial role. If the rupee weakens against the dollar, silver becomes more expensive.
• Industrial Demand: Silver's extensive use in the electricity markets and other industries means that industrial demand can significantly impact prices.
• Supply and Demand: As a precious metal, silver's price depends on its availability in the market. Increased demand typically leads to higher prices.
• Inflation: High inflation often drives people to invest in precious metals like silver as a hedge, increasing demand and prices.
• Gold Price Correlation: Silver prices tend to move in correlation with gold prices.

Investment Considerations:

Silver is considered a common man's gold, with growing demand in India and China. Acquisition of silver is easier compared to gold. For investment, silver coins are a better option, instead of buying silver in the form of jewellery.

Disclaimer:

Precious metal rates are subject to change and vary across different sources. This article is based on information available as of January 2, 2026, and it is recommended to verify the latest prices before making any financial decisions.