Silver prices in India surged sharply on January 19, 2026, reaching ₹305 per gram, a fresh multi-day high after a volatile trading week. The rally reflects strong safe-haven demand, bullish global cues, and rising industrial consumption.
The uptrend gained momentum after silver climbed from ₹292 per gram on January 16 to ₹295 on January 17, finally touching ₹305 per gram on January 19. This is significantly higher than early-January levels near ₹248 per gram, confirming a strong bullish bias.
On a larger scale, prices stood at ₹3,050 per 10 grams and ₹3,05,000 per kilogram in major Indian cities.
🏙️ City-wise Silver Rates (January 19, 2026)
City
Price per 10g
Price per 100g
Price per kg
Mumbai
₹3,050
₹30,500
₹3,05,000
Delhi
₹3,050
₹30,500
₹3,05,000
Jaipur
₹2,700
—
—
Ahmedabad
₹2,490
—
—
Note: Lower national benchmarks such as ₹88,400/kg or ₹70,900/kg likely reflect wholesale averages or previous-session data before the latest spike.
US rate cut expectations: Anticipation of softer interest rates is supporting silver and gold prices globally.
MCX momentum: MCX silver previously touched record levels near ₹2.23 lakh per kg, boosting domestic sentiment.
Industrial demand: Growing use of silver in solar panels, electronics, and EVs amid economic recovery.
📊 Recent Trends & Market Signals
After a brief mid-month pullback, silver prices resumed their upward trajectory. Data from platforms such as Policybazaar and Goodreturns show a clear acceleration over the past 10 days, reinforcing a bullish technical structure.
Market sentiment remains positive, although traders are cautious due to elevated volatility.
🔮 Silver Price Outlook: What’s Next?
Analysts expect silver prices to remain firm in the near term. If global precious metal rallies continue and industrial demand strengthens further, silver could test higher resistance levels. However, short-term corrections cannot be ruled out given sharp recent gains.
Investor takeaway: Silver remains attractive for diversification, but risk management is crucial in a volatile market.
Disclaimer: Yeh views market experts ke hain and not of trueincome. Investment karne se pehle certified advisor se consult zaroor karein.
