Silver Holds at ₹270/g on April 16 After Recent Surge: Check Latest City-Wise Rates

Silver prices in India remained largely range-bound in early April before showing renewed volatility in recent sessions. Prices held steady at ₹250 per gram from April 2 through April 7 after easing from ₹255 on April 1.

However, momentum strengthened thereafter, with prices rising to ₹260 per gram on April 8, dipping to ₹255 on April 9, rebounding to ₹260 per gram on April 10, easing again to ₹255 per gram on April 13, and then surging sharply to ₹270 per gram on April 15. Prices held steady at ₹270 per gram on April 16, indicating consolidation at elevated levels after the recent breakout.

Earlier, prices had rebounded to ₹250 per gram on March 25 after falling sharply to ₹230 on March 23. The decline had followed a reversal from the early-March peak of ₹330 per gram on March 2, when prices had surged from ₹295 on February 28 after holding at ₹285 through late February.

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Silver Price Today Across Major Cities

• Silver Price Today in Mumbai: ₹2,700 per 10g, ₹27,000 per 100g, ₹2,70,000 per kg
• Silver Price Today in Delhi: ₹2,700 per 10g, ₹27,000 per 100g, ₹2,70,000 per kg
• Silver Price Today in Kolkata: ₹2,700 per 10g, ₹27,000 per 100g, ₹2,70,000 per kg
• Silver Price Today in Bangalore: ₹2,700 per 10g, ₹27,000 per 100g, ₹2,70,000 per kg
• Silver Price Today in Hyderabad: ₹2,750 per 10g, ₹27,500 per 100g, ₹2,75,000 per kg
• Silver Price Today in Kerala: ₹2,750 per 10g, ₹27500 per 100g, ₹2,75,000 per kg
• Silver Price Today in Pune: ₹2,700 per 10g, ₹27,000 per 100g, ₹2,70,000 per kg
• Silver Price Today in Vadodara: ₹2,700 per 10g, ₹27,000 per 100g, ₹2,70,000 per kg
• Silver Price Today in Ahmedabad: ₹2,700 per 10g, ₹27,000 per 100g, ₹2,70,000 per kg

Recent Silver Price Movements in India

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

• April 16th: ₹270 per gram, ₹2,70,000 per kg (0) 
• April 15th: ₹270 per gram, ₹2,70,000 per kg (15000)  
• April 13th: ₹255 per gram, ₹2,55,000 per kg (-5000)   
• April 10th: ₹260 per gram, ₹2,60,000 per kg (5000) 
• April 9th: ₹255 per gram, ₹2,55,000 per kg (-5000)   

Silver prices in India have remained volatile following the sharp early-March breakout to ₹330 per gram on March 2, which was followed by a swift correction to ₹285 by March 4 and continued declines through mid-March. The fall extended to ₹230 per gram on March 23 before prices began to recover. Silver rose to ₹240 per gram on March 27, ₹245 per gram on March 30, ₹250 per gram on March 31, and ₹255 per gram on April 1. Prices eased to ₹250 per gram on April 2 and remained steady through April 7.

However, volatility resurfaced thereafter, with prices rising to ₹260 per gram on April 8, dipping to ₹255 per gram on April 9, rebounding to ₹260 per gram on April 10, easing again to ₹255 per gram on April 13, and then surging sharply to ₹270 per gram on April 15. Prices held steady at ₹270 per gram on April 16, indicating consolidation at higher levels following the recent breakout.

Outlook

Prices fell to ₹230 per gram on March 23 before rebounding to ₹235 per gram on March 24 and further to ₹250 per gram on March 25. However, the recovery was followed by a dip to ₹240 per gram on March 27.

Momentum returned in the following sessions, with prices rising to ₹245 per gram on March 30, ₹250 per gram on March 31, and ₹255 per gram on April 1. Prices eased to ₹250 per gram on April 2 and remained steady through April 7. However, volatility picked up again, with prices rising to ₹260 per gram on April 8, dipping to ₹255 per gram on April 9, rebounding to ₹260 per gram on April 10, and easing to ₹255 per gram on April 13.

The latest sessions saw a sharp surge to ₹270 per gram on April 15, with prices holding steady at ₹270 per gram on April 16, indicating consolidation at higher levels after the recent breakout and suggesting sustained upward momentum in the near term.

Conclusion

As of April 16, silver prices stand at ₹270 per gram, or ₹2,70,000 per kg in most major markets. Retail rates are around ₹2,700 per 10 grams across Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad.

Hyderabad and Kerala continue to quote higher at ₹2,750 per 10 grams, reflecting regional price variations in physical markets.

Recent sessions show prices moving from ₹260 per gram on April 8 to ₹255 per gram on April 9, rising again to ₹260 per gram on April 10, easing to ₹255 per gram on April 13, and then surging sharply to ₹270 per gram on April 15, where they remained unchanged on April 16, highlighting consolidation after a breakout rally.