Silver Holds Steady at ₹260/g on April 28 Amid Continued Consolidation: 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 before easing to ₹265 per gram on April 17, rising further to ₹275 per gram on April 20, and then declining to ₹265 per gram on April 21 and ₹260 per gram on April 22, remaining unchanged on April 23, slipping marginally to ₹259.9 per gram on April 24, and holding steady at ₹260 per gram on April 27 and April 28, indicating continued volatility with consolidation around current levels after the recent correction.

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: ₹2,600 per 10g, ₹26,000 per 100g, ₹2,60,000 per kg
• Silver Price Today in Delhi: ₹2,600 per 10g, ₹26,000 per 100g, ₹2,60,000 per kg
• Silver Price Today in Kolkata: ₹2,600 per 10g, ₹26,000 per 100g, ₹2,60,000 per kg
• Silver Price Today in Bangalore: ₹2,600 per 10g, ₹26,000 per 100g, ₹2,60,000 per kg
• Silver Price Today in Hyderabad: ₹2,650 per 10g, ₹26,500 per 100g, ₹2,65,000 per kg
• Silver Price Today in Kerala: ₹2,650 per 10g, ₹26,500 per 100g, ₹2,65,000 per kg
• Silver Price Today in Pune: ₹2,600 per 10g, ₹26,000 per 100g, ₹2,60,000 per kg
• Silver Price Today in Vadodara: ₹2,600 per 10g, ₹26,000 per 100g, ₹2,60,000 per kg
• Silver Price Today in Ahmedabad: ₹2,600 per 10g, ₹26,000 per 100g, ₹2,60,000 per kg

Recent Silver Price Movements in India

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

• April 28th: ₹260 per gram, ₹2,60,000 per kg 
• April 27th: ₹260 per gram, ₹2,60,000 per kg 
• April 24th: ₹259.9 per gram, ₹2,59,900 per kg (-100)
• April 23rd: ₹260 per gram, ₹2,60,000 per kg (0)
• April 22nd: ₹260 per gram, ₹2,60,000 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, and easing again to ₹255 per gram on April 13. Prices then surged sharply to ₹270 per gram on April 15, held steady on April 16, and dipped to ₹265 per gram on April 17 before climbing further to ₹275 per gram on April 20. Prices then fell to ₹265 per gram on April 21 and eased further to ₹260 per gram on April 22, remaining unchanged on April 23, slipping marginally to ₹259.9 per gram on April 24, and holding steady at ₹260 per gram on April 27 and April 28, indicating continued consolidation around the ₹260 level after the recent correction.

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 before easing to ₹265 per gram on April 17. Prices then climbed to ₹275 per gram on April 20 but have since declined to ₹265 per gram on April 21 and ₹260 per gram on April 22, remaining unchanged on April 23, slipping marginally to ₹259.9 per gram on April 24, and holding steady at ₹260 per gram on April 27 and April 28, indicating consolidation around current levels after the recent correction.

Conclusion

As of April 28, silver prices stand at ₹260 per gram, or ₹2,60,000 per kg in most major markets. Retail rates are around ₹2,600 per 10 grams across Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad.
Hyderabad and Kerala continue to quote higher at ₹2,650 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, surging to ₹270 per gram on April 15, holding steady on April 16, softening to ₹265 per gram on April 17, climbing to ₹275 per gram on April 20, and then declining to ₹265 per gram on April 21, ₹260 per gram on April 22 and April 23, ₹259.9 per gram on April 24, and ₹260 per gram on April 27 and April 28, highlighting a phase of consolidation after the recent volatility.