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Silver Prices Today 31 January 2026: At the global economic level, as well as political instability, investors found support in gold and silver. People also invested heavily in gold and silver during the last few days. Meanwhile, there is bad news for investors and good news for buyers. The budget is to be presented on Sunday (February 1, 2026), before which silver crashed. In a single day the shine of silver faded and its price decreased by Rs 45,000. According to reports, in the country’s capital Delhi as well as in most of the cities including Mumbai, Bengaluru, Kolkata and Jaipur, the price of one kilogram of silver came down to Rs 3,50,000, whereas the price of one kilogram of silver had recently crossed the level of Rs 4,10,000 per kg. According to experts, apart from the weakness in the international market, due to the strengthening of the dollar, the shine of silver faded and its prices also fell in India. It is being told that US President Donald Trump is continuously trying, due to which the dollar is getting stronger from time to time. This is the reason why silver became dull in India.

city ​​one kilogram silver price
Delhi 3,50,000
Mumbai 3,50,000
Ahmedabad 3,50,000
Chennai 3,50,000
Kolkata 3,50,000
Hyderabad 3,50,000
Jaipur 3,50,000
Bhopal 3,50,000
Lucknow 3,50,000
Chandigarh 3,50,000

Let us tell you here that on Friday (January 30, 2026) weekend, silver futures opened at Rs 3,83,646 per kg. It has been falling amid fluctuations since the morning, whereas earlier on Thursday (January 29, 2026), the March futures of silver had reached Rs 4,20,048 per kg. Talking about silver, silver futures on commodity exchange MCX fell by about 15 percent. On Friday, around 5 pm, it was falling 10.75 percent to Rs 3,57,500 per kg, whereas on January 29, its closing price was Rs 3,99,893 per kg.

Why did the price of silver fall, the expert answered

On the other hand, Justin Kho, senior market analyst at VT Market, is citing technical reasons for the fall in silver prices. He believes that there was a rise in silver prices in the beginning of January and it continued continuously. Meanwhile, silver on MCX had increased by more than 60 percent on month-on-month basis to reach Rs 4.2 lakh per kg. Experts say that when the dollar strengthens, pressure on bullion prices increases. Perhaps due to this the silver fell.

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