Silver Rate Today, January 12, 2026: Even during Kharmas, silver performed as well as it typically does during festivals and wedding seasons. On January 12, 2026, silver prices across the country reached very close to all-time highs. While the domestic market experienced slight fluctuations, a strong rally in the futures market surprised investors.

Today (January 12) silver opened at ₹2,59,900 per kg in Delhi, which was definitely ₹100 cheaper than yesterday, but within a few hours it saw a huge jump and according to GoodReturns the price reached directly to ₹2,70,000 per kg.

On Monday, March silver futures on MCX jumped nearly 4 percent to open at ₹2,62,834 per kg, compared to the previous close of ₹2,52,725. During trading, it also touched a new record high of ₹2,63,996 per kg. Previously, silver had fallen by ₹8,000 per kg in two consecutive days, then jumped by ₹11,000 in a single day, and now it has once again reached new heights.

According to the Indian Bullion and Jewellers Association (IBJA), the silver rate was around ₹2,42,808 per kg till Monday morning, after which it saw a sharp rise.

Silver Rate In India: Silver rates in 25 major cities of the country on January 12, 2026

🔹 Delhi: ₹2,700 (10 grams) | ₹27,000 (100 grams) | ₹2,70,000 (one kg) 

🔹 Mumbai: ₹2,700 | ₹27,000 | ₹2,70,000

🔹 Kolkata: ₹2,700 | ₹27,000 | ₹2,70,000

🔹 Chennai: ₹2,870 | ₹28,700 | ₹2,87,000

🔹 Patna: ₹2,700 | ₹27,000 | ₹2,70,000

🔹 Lucknow: ₹2,700 | ₹27,000 | ₹2,70,000

🔹 Meerut: ₹2,700 | ₹27,000 | ₹2,70,000

🔹 Kanpur: ₹2,700 | ₹27,000 | ₹2,70,000

🔹 Ayodhya: ₹2,700 | ₹27,000 | ₹2,70,000

🔹 Ghaziabad: ₹2,700 | ₹27,000 | ₹2,70,000

🔹 Noida: ₹2,700 | ₹27,000 | ₹2,70,000

🔹 Gurugram: ₹2,700 | ₹27,000 | ₹2,70,000

🔹 Chandigarh: ₹2,700 | ₹27,000 | ₹2,70,000

🔹 Jaipur: ₹2,700 | ₹27,000 | ₹2,70,000

🔹 Ahmedabad: ₹2,700 | ₹27,000 | ₹2,70,000

🔹 Pune: ₹2,700 | ₹27,000 | ₹2,70,000

🔹 Ludhiana: ₹2,700 | ₹27,000 | ₹2,70,000

🔹 Guwahati: ₹2,700 | ₹27,000 | ₹2,70,000

🔹 Indore: ₹2,700 | ₹27,000 | ₹2,70,000

🔹 Nashik: ₹2,700 | ₹27,000 | ₹2,70,000

🔹 Bangalore: ₹2,700 | ₹27,000 | ₹2,70,000

🔹 Bhubaneswar: ₹2,870 | ₹28,700 | ₹2,87,000

🔹 Kerala: ₹2,870 | ₹28,700 | ₹2,87,000

🔹 Raipur: ₹2,700 | ₹27,000 | ₹2,70,000

🔹 Hyderabad: ₹2,870 | ₹28,700 | ₹2,87,000

Why is silver setting new records?

Several global factors are driving this surge in silver prices. Ongoing nationwide protests in Iran and rising tensions between the US and Iran are pushing investors toward safe-haven assets. According to Ajay Kedia, director of Kedia Advisory, this geopolitical uncertainty has increased demand for safe-haven investments in both gold and silver.

Additionally, weaker-than-expected job growth data in the US has strengthened speculation that the Federal Reserve may cut interest rates this year. A weak dollar has also added to the luster of precious metals.

How are gold and silver prices determined in India?

Gold and silver prices in India are directly linked to international markets. Dollar-determined prices on global exchanges like London and New York, the rupee's position against the dollar, import duties, GST, and transportation costs combine to determine the final rate in the country. Furthermore, local demand, jeweler premiums, and stock availability also contribute to price differences between cities.

 PC:OneIndia