Silver Price Today 28 January 2026: Silver prices have reached remarkable levels on January 28, 2026, as investors and buyers worldwide respond to market uncertainties and strong demand across multiple sectors.
Current Silver Rates Across Markets
The precious metal has experienced an extraordinary climb, with rates showing significant gains compared to recent weeks. Silver price today 28 January 2026 reflects this bullish momentum across both domestic and international markets.
Silver Price Today 28 January 2026
| Location | Price per Gram | Price per Kg |
|---|---|---|
| Mumbai | ₹380 | ₹3,80,000 |
| Delhi | ₹380 | ₹3,80,000 |
| MCX Futures | – | ₹3,75,000 |
Indian markets have witnessed a substantial jump from late January’s ₹325-₹330 per gram range. This upward movement gained strength through speculative activity, coupled with periodic market corrections that led to even stronger recovery phases.
International Silver Rates
The global spot price currently stands at approximately $116 per ounce, equivalent to around ₹9,600 per ounce based on prevailing currency exchange rates. Trading sessions have seen prices peak above $117 per ounce during particularly active periods.
Also Read: Gold Rate Today 28 January 2026: Prices Surge to All-Time Highs Across India
What’s Driving the Silver Rally?
Several interconnected factors are pushing silver price today 28 January 2026 to these elevated levels:
Supply-side pressures continue constraining availability, while geopolitical uncertainties prompt investors toward safe-haven assets. Trade policy concerns, including tariff discussions, have added another layer of market anxiety.
Silver’s unique position as both an industrial commodity and monetary asset strengthens its appeal. The electronics and solar energy sectors maintain robust demand for industrial applications, while investors seek portfolio diversification through precious metals.
In India specifically, traditional cultural affinity for silver jewelry combined with festive purchasing patterns has amplified buying interest.
Remarkable Monthly Performance
The precious metal has delivered exceptional returns, climbing over 50% throughout the month—a performance that surpasses most alternative investment options during the same timeframe.
Market Outlook
Financial analysts suggest the potential for continued gains if current market dynamics persist. However, they emphasize that high volatility characterizes the current environment, with correction risks following extended price rallies.
Silver’s 2026 performance reflects broader economic uncertainties, positioning it as a standout asset in today’s complex financial landscape.
Important Note: Silver prices change rapidly and differ by location and source. This information serves educational purposes only and should not be considered investment advice. Always consult qualified financial advisors before making investment decisions.
Yogesh Kolhe is a business and market news writer covering the share market, company earnings, and gold and silver price movements, with a strong focus on the automobile sector. A Mechanical Engineering graduate with 5 years of share market experience, he provides data-driven, reliable insights into market and industry trends.
