Silver Prices Drop in India

On January 31, 2025, and continuing into February 1, 2026, the price of silver in India went down a lot.

In cities like Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Ahmedabad, and Hyderabad, the price of one gram of silver dropped by ₹65 on January 31, 2025, and then by another ₹30 on February 1, 2026.

The price of one kilogram of silver also dropped by ₹65,000 on January 31, 2025, and then by another ₹30,000 on February 1, 2026.

This means silver is cheaper now than it was before.

Experts say that while they think silver is a good investment, people should be careful and not spend all their money on it.

The price changes reflect a significant drop from the previous session's closing prices, with some analysts describing it as a strong correction.

The decline was driven by global factors such as a sharp rebound in the U.S. dollar, broad-based global market weakness, and the nomination of Kevin Warsh as the next Federal Reserve chair.

Some experts think this drop is a correction, while others believe the Budget 2026 might help prices go back up.