Silver prices today, January 2, 2026, surge in India: Delhi Rs 242/g, Chennai Rs 260/g, driven by safe-haven demand and global market cues.
Today’s Silver Prices : Strong international cues and growing demand for safe havens boosted mood across precious metals, with silver prices leading the domestic commodities market’s Friday surge. Buying demand was sustained by expectations of lower US interest rates and increased geopolitical unpredictability.
Silver obviously outperformed in Friday’s session, while gold prices also increased. Due to the New Year holiday, the MCX only traded throughout the day on Thursday and was closed for evening trading, so trading volumes stayed modest.
International Markets Increase Interest in Silver
Gains in foreign markets were reflected in silver’s robust home performance. Silver futures for March delivery on the Comex increased by $2.4, or 3.4%, to $73 per ounce on Friday during international trading. Following a steep decline in the previous session, on Wednesday, the last trading day of 2025, prices fell by $7.32, or 9.39%, to close at $70.6 per ounce.
Due to tightened supply conditions, limited stocks, and growing industrial and investment demand, silver rose to almost $73 an ounce on the first trading day of 2026.
Overseas gold prices started the year strong as well. After closing 1% down at $4,341.1 per ounce in the last session of 2025, Comex gold futures for February delivery increased $46.10, or 1.06 percent, to $4,387.20 per ounce. Due to the New Year’s holiday, US markets were closed on Thursday.
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Safe-Haven Silver Support Demand and Supply Curbs
Silver has profited from its increasing strategic significance, according to Jigar Trivedi, Senior Research Analyst at Reliance Securities, who also noted that the metal’s US status as a key commodity has increased its allure. The forecast has been further enhanced by tight worldwide supply, low stockpiles, and growing consumption across industrial applications.
The demand for precious metals as a safe haven is nevertheless supported by geopolitical developments, he continued. These include China’s new export limitations on silver that went into force on January 1, increased US sanctions on Venezuelan oil exports, and fresh Russia-Ukraine attacks that damaged vital energy infrastructure throughout the New Year.
Silver’s impressive performance coincides with a larger surge in precious metals, which is fueled by steady investment flows, ongoing geopolitical worries, and hopes of reduced US borrowing costs. Although gold saw significant increases, silver’s more notable increase highlighted its twin function as an industrial metal and a hedge against unpredictability in the world economy.
The price of silver in India’s major cities on January 2
The current price of silver in Delhi
At the moment, silver costs Rs 242 per gram and Rs 242,000 per kilogram in Delhi.
The current price of silver in Chennai
In Chennai, the price of silver is currently Rs 260 per gram and Rs 260,000 per kilogram.
The current price of silver in Bengaluru
In Bengaluru, the price of silver is currently Rs 242 per gram and Rs 242,000 per kilogram.
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The current price of silver in Mumbai
In Mumbai, the price of silver is currently Rs 242 per gram and Rs 242,000 per kilogram.
The current price of silver in Pune
In Pune, the price of silver is currently Rs 242 per gram and Rs 242,000 per kilogram.
The current price of silver in Kolkata
In Kolkata, the price of silver is currently Rs 242 per gram and Rs 242,000 per kilogram.