Silver Rate Today 29 January 2026: Silver prices are making big news today. For the first time ever, rates have crossed the ₹4 lakh per kilogram mark in several Indian cities. If you’re tracking precious metals, this is a day you’ll want to remember.
What’s the Silver Rate Today?
The silver rate today, January 29, 2026, is sitting at around ₹4,10,000 per kg on average across India. That’s a massive jump that’s caught everyone’s attention – from jewelers to investors to industrial buyers.
Why the sudden spike? Two big reasons: factories around the world need more silver than ever, and global markets are feeling shaky. When uncertainty hits, people look for safe places to park their money, and silver is one of them.
Silver Rate Today 29 January 2026 – City Wise Prices
Here’s what silver is trading for in major cities right now:
| City | Price per 10 Grams | Price per 1 Kg |
|---|---|---|
| Mumbai | ₹4,100 | ₹4,10,000 |
| Delhi | ₹4,100 | ₹4,10,000 |
| Chennai | ₹4,250 | ₹4,25,000 |
| Bengaluru | ₹4,100 | ₹4,10,000 |
| Hyderabad | ₹4,250 | ₹4,25,000 |
Keep in mind: Prices can differ slightly between cities because of local taxes and market demand.
MCX Silver Hits New Record
The action isn’t just happening at retail shops. The Multi Commodity Exchange (MCX) saw silver futures touch a record high of ₹4,07,456 per kg this morning. That’s a clear sign that traders expect prices to stay strong.
This Month’s Incredible Rally
Here’s the really wild part: silver has jumped nearly 60% in just one month. Since January 1st, prices have climbed by approximately ₹1.42 lakh per kg. That’s one of the biggest monthly gains we’ve seen in years.
What’s Pushing Prices Higher?
The global picture is driving this rally. Internationally, silver hit $119.34 per ounce – another all-time high.
Two major factors are at play:
- China’s export ban: China has stopped exporting silver, creating a supply crunch worldwide.
- US critical minerals list: The United States recently added silver to its list of critical minerals, signaling strategic importance.
When supply gets tight and demand stays high, prices go up. That’s basic economics in action.
Also Read: Gold Rate Today 29 January 2026: Prices Hit All-Time High Across India
The silver rate today is at historic levels, and the momentum shows no signs of slowing down. Whether you’re buying for investment or industrial use, these are unprecedented times in the silver market.
Disclaimer: Precious metal prices fluctuate constantly. Check with local dealers for real-time rates before purchasing.
Sources & References
- Goodreturns: Comprehensive daily city-wise rates and 10-day historical data.
- LiveMint: Live updates on MCX record highs and global spot prices.
- News24 Online: Detailed city-specific breakdowns for major metros.
- Trading Economics: International spot price tracking and historical charts.
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.
