Silver prices in India underline the metal’s long-term wealth creation potential, with returns of more than 7,100 percent over four decades.
Data shows that investors who bought one kilogram of silver at an average annual price of ₹3,955 in 1985 would see its value rise to around ₹2,86,180 today. Spot silver prices in Delhi stood at ₹2,86,180 per kg on January 15, 2026, according to bullion market data.
An investment of ₹1 lakh in 1985, which would have bought about 25.28 kg of silver at the time, is now valued at nearly ₹72.35 lakh, including the original principal.
Silver prices witnessed sharp volatility on Thursday. MCX silver futures initially fell 2.5 percent, or ₹7,217 per kg, to ₹2,80,794 per kg amid heavy profit booking. In the Delhi spot market, prices slipped by around ₹2,300 per kg during early trade.
However, prices recovered later in the session. By 10:50 pm, MCX silver futures were trading 0.63 percent higher, or ₹1,808 per kg up, at ₹2,89,819, compared with the previous close of ₹2,88,011.
Market participants attributed the rebound to renewed buying interest after the correction, even as global uncertainty continues to influence safe-haven demand.
Silver has also delivered exceptional returns in the medium term. Over the last five years—from January 14, 2021 to January 14, 2026—MCX silver prices surged 337 percent.
An investment of ₹1 lakh in silver in January 2021 would now be worth over ₹4.37 lakh. MCX data shows silver trading at ₹2,91,406 per kg on January 14, 2026, compared with ₹66,683 per kg five years earlier.
Over the years, silver prices climbed steadily—₹61,603 per kg in 2022, ₹69,786 in 2023, ₹72,627 in 2024, and ₹90,556 in 2025—before hitting an all-time high in January 2026.
The recent rally has been supported by strong investor interest and global uncertainty, including concerns around trade policy and geopolitical risks.
