Editor’s Note
This article highlights the volatile yet upward-trending nature of precious metals markets, with a specific focus on recent sharp price movements for gold and silver in India.
Although there have been intermittent declines in gold and silver prices, the increases are happening very rapidly. Comparatively, the prices of gold and silver continue to rise sharply. Gold’s shine remains intact, and its prices continue to rise. Meanwhile, silver prices have seen another significant change. According to the latest update from the Indian Bullion and Jewellers Association (IBJA), on Friday morning (January 09, 2026), the price of silver fell to ₹235,826 per kilogram. Thus, silver decreased by ₹12,174 from ₹248,000 per kg. Meanwhile, a report by Goodreturns indicates that the price of silver in India on Friday is ₹251,900 per kg. According to a report by the All India Sarafa Association, the price of silver in Delhi’s Sarafa market is at ₹243,500 per kilogram, with a heavy drop of ₹12,500 from its record level. Experts say that due to reduced demand for safe-haven investments, traders have cut back on their deals. Along with this, due to the stability of the dollar, gold also saw a decline on Thursday (January 08, 2026). Market analysts say that the phase of decline in gold and silver is minor, and consumers should not expect a significant further drop. Meanwhile, on the Multi Commodity Exchange (MCX), the price of silver for March delivery slipped by ₹7,365 to ₹243,240 per kilogram. Speaking of the international market, spot silver fell to $75.67 per ounce. Stay connected with us for the latest silver prices in various cities across the country.
| City Name | 10g (₹) | 100g (₹) | 1kg (₹) |
|---|---|---|---|
| Delhi | 2,519 | 25,190 | 2,51,900 |
| Mumbai | 2,519 | 25,190 | 2,51,900 |
| Kolkata | 2,519 | 25,190 | 2,51,900 |
| Chennai | 2,719 | 27,190 | 2,71,900 |