Silver Slips from Record Highs — Price Update for Jan 22
Silver prices eased slightly today after recently hitting record highs, as bullion markets corrected and global demand softened. Despite the dip, silver remains near elevated levels, supported by safe-haven buying and industrial demand.
India Silver Rates on 22 January 2026 (Approx.)
City-Wise Silver Price Today
| City | 1 gram Silver | 1 kg Silver |
|---|---|---|
| Delhi | ₹85–88 | ₹85,000–88,000 |
| Mumbai | ₹86–89 | ₹86,000–89,000 |
| Kolkata | ₹85–88 | ₹85,000–88,000 |
| Chennai | ₹86–90 | ₹86,000–90,000 |
Rates are indicative and may vary slightly by jeweller and city. Local taxes and making charges are not included.
What’s Causing the Silver Dip?
Silver prices slipped slightly due to a mix of market factors:
- Profit booking near record highs
- Global bullion correction after recent rally
- Strong US dollar outlook, reducing safe-haven appeal
- Industrial demand fluctuations, especially in electronics and solar sectors
Analysts say this dip could be temporary, with silver supported by both investment demand and industrial use in the long term.
Key Price Levels to Watch
- Support Zone: ₹83–₹85 per gram
- Resistance Zone: ₹90–₹92 per gram
- 1 kg Benchmark: Around ₹88,000
Traders and buyers often watch these levels for entry or buying decisions.
Buyer Tips
Check real-time rates at local jewellers before buying
Compare spot prices vs retail prices
Account for GST and making charges if buying coins/bars
Silver jewellery may cost more due to craftsmanship
Quick Summary
- Silver prices slipped from recent records but remain strong
- Rates today (Jan 22) stand near ₹85–90 per gram
