For the first time in history, the price of silver has crossed the significant milestone of $100 per ounce in the international market. This surge was recorded on January 23, 2026, and prices have continued to hold strong levels around $103. This record-breaking jump has directly impacted local markets in India, making the metal significantly more expensive for buyers.
What is the new record price of Silver?
According to the latest market data, COMEX silver futures closed at $101.33 per troy ounce. Spot silver prices went even higher, reaching approximately $103.08 per ounce. This is the first instance globally where silver has breached the triple-digit mark in dollar terms.
What is the Silver rate in India today?
Following the global trend, silver rates in India have seen a sharp rise. Standard silver is now trading at ₹365 per gram across major cities. This translates to ₹3,65,000 per kilogram. Prices have increased by about ₹10 per gram compared to the previous day.
Detailed Price Table
| Market | Price Unit | Rate |
|---|---|---|
| Global Spot | Per Ounce | $103.08 |
| India (Retail) | Per Gram | ₹365 |
| India (1 KG) | Per KG | ₹3,65,000 |
Why are prices going up?
Experts suggest that economic uncertainty and a lack of trust in the dollar have pushed investors towards safe assets like silver. The demand has spiked globally, leading to this historic high.
