Silver Price Today in India: In a dramatic surge reflecting heightened market volatility, silver prices in India climbed to unprecedented levels on January 21, 2026, driven by escalating geopolitical risks and robust safe-haven buying. Investors flocked to precious metals as U.S. President Donald Trump’s aggressive stance on acquiring Greenland sparked fears of renewed trade disputes with Europe, potentially disrupting global alliances like NATO. This bullish momentum also propelled gold rates higher, underscoring a broader trend in the bullion market where both metals are seen as hedges against economic instability. Market sentiment remains optimistic, with analysts pointing to sustained demand from jewelers and industrial sectors amid persistent inflation pressures.
Today’s silver rate in major Indian cities averaged around Rs 325,000 per kilogram, marking a notable increase from the previous session. In Mumbai, the price stood at Rs 324,930 per kg, while Delhi reported Rs 324,370 per kg, and Bangalore saw Rs 325,190 per kg. This uptick represents a day-on-day gain of approximately 0.5% to 4%, depending on the region, following a weekly rise of over 3% as global cues strengthened. Similarly, gold prices shattered records, with 24-carat gold reaching Rs 154,800 per 10 grams in spot markets, up sharply by Rs 5,020 or about 3.3% from yesterday. The 22-carat variant, popular for jewelry, traded at Rs 141,900 per 10 grams, reflecting a parallel jump.
Analyzing recent trends, silver has outperformed expectations with a monthly gain exceeding 10%, fueled by industrial demand in electronics and solar energy sectors, coupled with a weakening U.S. dollar index that makes commodities more attractive to international buyers. Gold, meanwhile, has seen a 15% monthly appreciation, bolstered by central bank purchases and anticipation of lower interest rates from the Federal Reserve. Key influencing factors include ongoing inflation concerns, which erode fiat currency value, and supply chain disruptions from geopolitical events. Globally, spot silver hovered near $95.25 per ounce, while gold breached $4,735 per ounce, both hitting all-time highs amid the uncertainty.
From an investment perspective, the short-term outlook for silver appears positive, with potential to test $100 per ounce in the coming weeks if tensions escalate further. Experts advise cautious optimism, suggesting diversified portfolios that include physical silver or ETFs for those eyeing long-term growth. However, volatility remains a risk, particularly if diplomatic resolutions ease market fears.
In summary, today’s precious metals rally highlights the appeal of silver and gold as reliable assets in turbulent times. Investors and buyers should monitor upcoming U.S. policy announcements, dollar movements, and global demand indicators closely, as these could dictate the next price trajectory in the bullion arena.
Silver Price Today 21 January 2026
| City | 24-Carat Gold (per 10 grams) | 22-Carat Gold (per 10 grams) | Silver (per kg) |
|---|---|---|---|
| Mumbai | Rs 155,100 | Rs 142,175 | Rs 324,930 |
| Delhi | Rs 154,830 | Rs 141,928 | Rs 324,370 |
| Bangalore | Rs 155,220 | Rs 142,285 | Rs 325,190 |
| Chennai | Rs 155,460 | Rs 142,505 | Rs 325,420 |
| Hyderabad | Rs 155,310 | Rs 142,368 | Rs 325,050 |
Note: Prices are indicative and may vary slightly based on local taxes and market conditions. Day-on-day change: Gold up ~3-4%, Silver up ~0.5-1%. Source: MCX and spot market data.
- https://www.goodreturns.in/news/biggest-ever-jump-in-gold-rate-in-india-today-jan-20-24k-22k-18k-gold-price-record-high-silver-price-1483119.html
- https://timesofindia.indiatimes.com/business/india-business/gold-price-prediction-today-india-where-is-gold-silver-rate-headed-on-january-21-2026-mcx-gold-futures-outlook/articleshow/126915970.cms
- https://www.angelone.in/news/commodities/check-gold-and-silver-prices-on-jan-21-2026-across-delhi-chennai-hyderabad-more
Yogesh Kolhe is a market and business news author with a focus on the automobile sector and gold and silver price movements, offering readers practical insights into industry and market trends.
