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Silver hits Rs 4,00,000 per kg in Hyderabad, surging Rs 1,44,000 in 28 days. COMEX prices consolidate near $113. Demand from solar, EVs, AI and electronics drives the rally.
Silver prices touch the all-time high.
Silver Prices In India: Silver’s astonishing rally has continued unabated in the first month of 2026, following the past year’s trend. The white metal has touched the 4 lakh-mark for the first time since the start of January.
The metal’s unabated rally has been kept by the ongoing geopolitical tensions, demand and supply gap and economic volatility.
In Hyderabad, the current silver price stood at Rs 4,00,000 per kg, reflecting a sharp jump of Rs 1,44,000 per kg in the past 28 days.
Silver Prices On MCX
On Multi-Commodity Exchange (MCX), silver futures with expiry in March jumped 5.62 per cent to Rs 3,79,300 per kg.
Silver COMEX Prices
At COMEX, silver has surged toward $115.42 and is now consolidating in the $106.55–$113 range after marginal profit-taking. The structural breakout is firmly in place, with prices trading well above all key moving averages and within a steep rising channel.
“Demand from solar, EVs, AI/data centres, and electronics remains exceptionally strong, alongside safe-haven and inflation-hedge flows,” Ponmudi R, CEO, Enrich Money explained.
A decisive move above the $118.50–$120 zone can rapidly open upside targets toward $125–$140+ in the next phase, he added.
City-Wise Rates Of Silver Across India
| City | Silver Price (1 Kg) |
|---|---|
| Chennai | Rs 4,00,000 |
| Mumbai | Rs 3,80,000 |
| Delhi | Rs 3,80,000 |
| Kolkata | Rs 3,80,000 |
| Bangalore | Rs 3,80,000 |
| Hyderabad | Rs 4,00,000 |
| Ahmedabad | Rs 3,80,000 |
Source: Goodreturns
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January 28, 2026, 11:33 IST
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