Silver Price Today: Stable at ₹97/Gram; Chennai & South Cities Remain Elevated

As of 11:00 AM on May 16, 2025, silver prices in India remain stable, following a week of mild volatility. The current silver rate today stands at ₹97 per gram, holding steady from the previous session, reflecting a pause after a ₹900 dip on May 15.

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Current Price of Silver Across Major Indian Cities

Here’s how the silver rate today on May 16, 2025, is unfolding across major Indian cities:

• Silver Price Today in Mumbai: The silver price today in Mumbai is unchanged at ₹97 per gram, consistent with yesterday's level.
• Silver Price Today in Delhi: Delhi is also witnessing a flat silver price of ₹97 per gram.
• Silver Price Today in Bangalore: Bangalore mirrors the western trend, maintaining a silver rate of ₹97 per gram.
• Silver Price Today in Chennai: Chennai continues to trade at a higher rate of ₹108 per gram, reflecting stronger demand in southern markets.
• Silver Price Today in Hyderabad: Hyderabad aligns with Chennai, showing a rate of ₹108 per gram.
• Silver Price Today in Kerala: Kerala also holds firm at ₹108 per gram, indicating consistency across key southern regions.
• Silver Price Today in Kolkata, Pune, Vadodara, and Ahmedabad: All four cities reflect uniform pricing with ₹97 per gram being the prevailing rate.
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Recent Silver Price Trends in India

Silver prices in India have seen modest movement over the past 10 days, with today's prices holding steady after a sharp drop earlier this week. Here’s a quick snapshot of the silver rate trend:

• May 16: Silver prices remained unchanged at ₹97.00 per gram.
• May 15: Silver saw a sharp decline of ₹900 per kg, falling to ₹97.00 per gram.
• May 14: Silver prices stood at ₹97.90 per gram.
• May 13: A notable drop occurred, with prices slipping to ₹97.90 per gram from ₹98.90.
• May 12: Rates corrected slightly to ₹98.90 per gram.

Conclusion

As of May 16, 2025, the silver rate in India is steady at ₹97 per gram, with metro cities like Mumbai, Delhi, and Bangalore reflecting uniformity, while southern cities like Chennai, Hyderabad, and Kerala continue to trade higher at ₹108 per gram. Despite recent fluctuations driven by currency movement and global price trends, the current scenario shows a consolidation phase. Investors may see this as a wait-and-watch moment before the next directional move, particularly as global cues and rupee volatility play out.