New Delhi. A slight weakness has been recorded in the price of silver in the domestic bullion market on the first day of the year 2026. Today the price of this shiny metal has fallen from Rs 1,000 to Rs 1,400 per kg. Despite this fall in price, this shiny metal still remains above the level of Rs 2.5 lakh per kg in Chennai and Hyderabad.
Today, silver is being sold at prices ranging from Rs 2,38,700 per kg to Rs 2,56,900 per kg in different bullion markets of the country. Today silver is trading at Rs 2,38,900 per kg in Delhi. Similarly, in Mumbai, Ahmedabad and Kolkata, silver is trading at Rs 2,38,700.
Whereas in Jaipur, Surat and Pune, silver remains at the level of Rs 2,39,000 per kg. Whereas in Bengaluru, silver is trading at Rs 2,39,200 per kg and in Patna and Bhubaneswar, silver is trading at Rs 2,38,800 per kg. Apart from this, silver is being sold cheaper by Rs 1,400 in Hyderabad at the level of Rs 2,56,800 per kg.
The highest price of silver in the country is still in Chennai, where this shiny metal has weakened by Rs 1,400 to Rs 2,56,900 per kg. Let us tell you that on December 28, the price of silver in Chennai had reached Rs 2,75,000 per kg.
In the year 2025, the price of silver had increased by more than 180 percent. The spot price of silver in the London Silver Market had reached a record level of $ 83.62 an ounce, but due to profit booking that started at a record high, increased availability of silver in the international market and reduction in geopolitical tension, the price of this shiny metal started falling in the last week of the year.
Along with this, due to increase in margin on silver future in future trading, a situation of pressure has been created on silver. According to Rajeev Dutta, CEO of Capex Gold and Investments, Chicago Mercantile Exchange has increased the margin on Commodity Exchange Inc. (COMEX) and other derivatives platforms by about 25 percent.
Earlier, traders had to pay about 20 thousand dollars as margin for silver future trading, now it has increased to about 25 thousand dollars. Due to increase in margin, traders were forced to pay comparatively higher amount.
Due to which many big traders started selling to reduce their positions. This selling also put pressure on the price of silver in the international market, the effect of which is visible in the form of fall in prices in the Indian markets also.
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