Silver Trades Higher at ₹320/g on February 4 After Steep Slide: Rates Across Major Cities

Silver prices in India witnessed a sharp reversal in early February after a strong late-January rally, highlighting heightened volatility and rapid shifts in market sentiment. After rebounding to around ₹360 per gram in the last week of January, prices climbed steadily to ₹380, before surging to a peak of ₹410 per gram, or ₹4,10,000 per kg, on January 29, marking a sharp single-session jump.

However, the momentum reversed soon after. Profit-taking emerged on January 30, pulling prices down to ₹395 per gram, and the correction intensified in early February. Silver fell sharply to ₹350 per gram on February 1, slid further to ₹300 on February 2, and dropped to ₹280 per gram on February 3, erasing the entire late-January advance within a few sessions. Prices, however, staged a rebound on February 4, recovering to ₹320 per gram, indicating fresh buying interest at lower levels.

The swift breakdown below the ₹360–₹370 per gram support zone signalled a decisive loss of short-term bullish momentum, with volatility dominating price action. While elevated trading activity suggests continued interest, the move reflects aggressive unwinding of speculative positions and increased sensitivity to global cues and currency movements. Overall, silver appears to be transitioning from post-rally consolidation to price discovery at lower levels, rather than sustaining the earlier upside bias.

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Silver Price Today Across Major Cities

• Silver Price Today in Mumbai: ₹3,200 per 10g, ₹32,000 per 100g, ₹3,20,000 per kg 
• Silver Price Today in Delhi: ₹3,200 per 10g, ₹32,000 per 100g, ₹3,20,000 per kg
• Silver Price Today in Kolkata: ₹3,200 per 10g, ₹32,000 per 100g, ₹3,20,000 per kg
• Silver Price Today in Bangalore: ₹3,200 per 10g, ₹32,000 per 100g, ₹3,20,000 per kg
• Silver Price Today in Hyderabad: ₹3,200 per 10g, ₹32,000 per 100g, ₹3,20,000 per kg
• Silver Price Today in Kerala: ₹3,200 per 10g, ₹32,000 per 100g, ₹3,20,000 per kg 
• Silver Price Today in Pune: ₹3,200 per 10g, ₹32,000 per 100g, ₹3,20,000 per kg
• Silver Price Today in Vadodara: ₹3,200 per 10g, ₹32,000 per 100g, ₹3,20,000 per kg
• Silver Price Today in Ahmedabad: ₹3,200 per 10g, ₹32,000 per 100g, ₹3,20,000 per kg

Recent Silver Price Movements in India

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

• February 4th: ₹320 per gram, ₹3,20,000 per kg (40000) 
• February 3rd: ₹280 per gram, ₹2,80,000 per kg (-20000) 
• February 2nd: ₹300 per gram, ₹3,00,000 per kg (-50000) 
• February 1st: ₹350 per gram, ₹3,50,000 per kg (-45000) 
• January 30th: ₹395 per gram, ₹3,95,000 per kg (-15000)

Silver prices in India witnessed sharp volatility from late January into early February, marked by a brief rally followed by an aggressive correction. Prices climbed steadily through late January, touching a peak of ₹410 per gram on January 29, before easing to ₹395 per gram on January 30 amid profit-taking. The correction deepened in February, with silver sliding to ₹350 per gram on February 1, falling further to ₹300 per gram on February 2, and dropping to ₹280 per gram on February 3, before rebounding to ₹320 per gram on February 4. The steep decline wiped out most of the late-January gains, underscoring heightened volatility and rapid shifts in sentiment, even as elevated turnover points to continued active participation in the domestic silver market.

Outlook

Silver prices in India entered a phase of heightened volatility from late January into early February after scaling multi-month highs. Prices rallied sharply to a peak of ₹410 per gram on January 29, before easing to ₹395 per gram on January 30. The correction intensified thereafter, with silver falling to ₹350 per gram on February 1, sliding to ₹300 on February 2, and touching ₹280 per gram on February 3, before recovering to ₹320 per gram on February 4.

Conclusion

As of February 4, silver prices in India stand at around ₹320 per gram, or ₹3,20,000 per kg, with uniform rates of ₹3,200 per 10 grams across major cities. The sharp pullback from late-January highs above ₹400 per gram underscores elevated volatility and aggressive profit-taking, though the recent rebound suggests prices are attempting to stabilise after the steep correction.