Silver Prices Drop to ₹114/g Today, on July 16: Check City-wise Rates Across India

Silver prices in India slipped slightly on Wednesday, July 16, 2025, with the metal now trading at ₹114 per gram or ₹1,14,000 per kilogram. This marks a ₹1 per gram dip from the previous day, reversing the brief uptrend seen earlier in the week. The correction comes as international silver prices witnessed a mild softening, and the rupee displayed relative firmness against the US dollar. Analysts suggest that both global cues and currency movements remain key factors influencing domestic silver trends.

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Silver Price Today

• Silver price today in Mumbai: The Silver rate today stands at ₹114.00 per gram in Mumbai, registering a ₹1 dip from Tuesday's ₹115 per gram.
• Silver price in Delhi: Reflecting a similar trend, silver in Delhi is trading at ₹114.00 per gram.
• Silver price in Bangalore: Bangalore also sees a marginal decline, with silver quoted at ₹114.00 per gram.
• Silver price in Chennai: Premium pricing continues in Chennai, where silver is sold at ₹124.00 per gram, maintaining its elevated level.
• Silver price in Hyderabad: Silver rates in Hyderabad remain high at ₹124.00 per gram, consistent with previous patterns.
• Silver price in Kerala: Kerala too lists silver at ₹124.00 per gram, mirroring the southern markets’ pricing strength.

Recent Silver Price Movements in India

Here’s a quick look at silver price fluctuations over the past few sessions:

• July 16, 2025: ₹114/g – Down by ₹1
• July 15, 2025: ₹119/g – Up by ₹4
• July 14, 2025: ₹115/g – No change
• July 13, 2025: ₹115/g – No change
• July 12, 2025: ₹115/g – Up by ₹4
• July 11, 2025: ₹111/g – Up by ₹1

Despite today’s dip, silver has gained ₹4 per gram over the past week, reflecting cautious optimism in the bullion market.

Conclusion

As of July 16, 2025, silver prices in India have taken a modest step back after a recent rally. The movement aligns with softer international trends and a relatively stable rupee. Looking ahead, traders and investors will closely monitor global economic signals, industrial demand, and currency fluctuations to assess the next move in silver prices. Silver’s safe-haven appeal and industrial utility continue to offer a balanced proposition for market participants.