Rising Silver Rates in Mumbai and Delhi
In financial hub Mumbai, 10 grams of 999 purity silver now commands ₹780, up from ₹757 yesterday. Meanwhile, in the capital city of Delhi, the price for the same quantity reached ₹775, showing a parallel increase. Traders attribute the consistent rise to renewed interest from industrial sectors globally, alongside currency fluctuations that make silver a more attractive hedge against inflation.
Demand for silver jewelry and ceremonial items typically climbs during this period as numerous festivals approach. Local jewelers reported a steady stream of customers despite the price hike, indicating a robust underlying market. Industry experts project that if global cues remain positive, these rates could maintain their upward trajectory throughout the month.
Chennai and Kolkata Reflect National Upward Trend
Southern India’s major commercial center, Chennai, also saw silver prices mirroring the national trend. Here, 10 grams of silver sold for ₹815, marking a noticeable increase compared to previous days. Similarly, in Kolkata, the price settled at ₹790 for 10 grams, confirming a widespread ascent across the country’s diverse markets.
🚨 Silver Prices surging back towards $80/ounce
The holiday trading games are over and silver refuses to sustain a sell-off.
The price is now knocking back on $80/ounce with all major silver markets open for trading this week.
A historic move continues to be written… charted pic.twitter.com/5wxfPp6S2z
— Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) January 6, 2026
According to GoodReturns.in, the global spot silver price, often a key driver for domestic rates, moved past the $24 per ounce mark. This international momentum creates a favorable environment for Indian precious metal traders. Furthermore, geopolitical uncertainties often boost safe-haven assets like silver, adding another layer of support to the current valuations. Investors are closely monitoring the Reserve Bank of India’s next moves, which could further impact market sentiment and silver’s appeal.
The overall market sentiment remains bullish, with many anticipating continued gains as long as economic indicators support investment in commodities. Local buyers and investors should expect daily fluctuations but watch for broader trends to make informed decisions.
