Silver prices in India have extended its upward trend today, January 23, with a notable increase across all major cities. The price of one gram silver and one kg silver have increased by ₹20 and ₹20,000, respectively compared to yesterday’s movement. This report provides a detailed, city-by-city breakdown of today’s silver prices.
Market experts remain constructive on silver but urge investors to balance optimism with caution. Renisha Chainani of Augmont said the metal is riding a powerful macro and geopolitical wave, by a historic short squeeze, strong retail participation, and China’s tightening export controls, adding to supply concerns.
Tapan Patel of Tata Asset Management, however, noted that silver’s sharp swings mean it is better suited for tactical exposure than as a core hedge, advising staggered investments instead of chasing rallies and suggesting partial profit-taking as the Gold-Silver ratio compresses, with reallocation into steadier assets like gold to keep portfolios aligned with long-term risk goals.
Silver Rate in India
Silver prices climbed today, with the average rate at ₹360 per gram, up ₹20, while one kilogram now costs about ₹3,60,000, higher by ₹20,000.
Silver Rate in Mumbai
Silver prices in Mumbai rose to ₹360 per gram, up ₹20 from yesterday. The rate for 1 kg climbed to ₹3,60,000, marking a sharp ₹20,000 increase.
Silver Rate in Chennai
Chennai’s silver rates have also seen a jump to ₹3,60,000 per kg.
Silver Rate in Delhi
In Delhi, the prices moved similarly higher, tracking gains seen across major cities. The price of one kilogram of silver climbed to ₹3,60,000 compared with ₹3,40,000 in the previous session, marking a steep ₹20,000 jump in a single day.
Silver Rate in Ahmedabad
Silver prices in Ahmedabad surged, mirroring the strong uptick. The cost of one kilogram climbed sharply by ₹20,000 to ₹3,60,000, up from ₹3,40,000 in the previous session.
Silver Rate in Kolkata
In Kolkata, the white metal saw a strong rise, as a kilogram became costlier by ₹20,000 at ₹3,60,000 compared with yesterday.
Silver Rate in Bengaluru
In Bengaluru, silver prices spiked to ₹360 per gram and to ₹3,60,000 per kg.
Silver Rates Courtesy: bankbazaar.com
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Published on January 23, 2026
