Silver Price Crash: Gold and silver prices are fluctuating daily. As 2026 began, changes were observed in the prices of gold and silver. Silver prices have declined significantly. While gold prices increased on January 2nd, silver prices declined. In the futures market, the price of silver for March 2026 contracts fell by 9 per cent to ₹2,32,228 per kilogram. During this period, silver prices declined by approximately ₹19,000 per kilogram.

Along with silver, gold prices also softened. On MCX, the price of gold fell by about ₹782 to ₹1,35,884 per 10 grams. If you are considering buying silver, you should definitely check the latest rates beforehand.

Fluctuations in the Domestic Market
On MCX, the price of gold closed at ₹1,36,666 per 10 grams, up 0.28 per cent. Meanwhile, the March 2026 futures price of silver settled at ₹2,51,012 per kilogram, a 11.84 per cent increase. However, the picture changed on the last day of the year, and heavy profit-taking led to a sharp decline in prices.

Silver Price Outlook: How much will silver cost in 2026?
According to experts, there is a low probability of seeing the same kind of surge in 2026 as in 2025. After such a surge, either a sharp decline follows or the price remains stable for an extended period. Silver could establish a base price of ₹1,50,000 per kilogram. The cost of silver could hover around ₹3,00,000 per kilogram.

Silver Price Today City-Wise

The price of 1 kilogram of silver in Chennai is ₹2,55,900.

The cost of 1 kilogram of silver in Mumbai is ₹2,37,900.
The price of 1 kilogram of silver in Delhi is ₹2,37,900.
The price of 1 kilogram of silver in Kolkata is ₹2,37,900.
The price of 1 kilogram of silver in Bengaluru is ₹2,37,900.
The price of 1 kilogram of silver in Hyderabad is ₹2,55,900.
The price of 1 kilogram of silver in Kerala is ₹2,37,900.
The price of 1 kilogram of silver in Pune is ₹2,37,900.
The price of 1 kilogram of silver in Ahmedabad is ₹2,37,900.