Silver Rebounds to ₹300/g on February 9 After Early-February 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 after January 29, pulling prices lower, and the correction intensified in early February. Silver eased to ₹300 per gram on February 5, slipped further to ₹275 per gram on February 6, stabilised at ₹285 per gram on February 7 and February 8, and rebounded to ₹300 per gram on February 9.

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 renewed price discovery at lower levels, rather than sustaining the earlier upside bias.

Invest in Indian Markets and Unlock Future Potential With 5paisa!

 

Open Account Now

Silver Price Today Across Major Cities

• Silver Price Today in Mumbai: ₹3,000 per 10g, ₹30,000 per 100g, ₹3,00,000 per kg 
• Silver Price Today in Delhi: ₹3,000 per 10g, ₹30,000 per 100g, ₹3,00,000 per kg
• Silver Price Today in Kolkata: ₹3,000 per 10g, ₹30,000 per 100g, ₹3,00,000 per kg 
• Silver Price Today in Bangalore: ₹3,000 per 10g, ₹30,000 per 100g, ₹3,00,000 per kg 
• Silver Price Today in Hyderabad:₹3,000 per 10g, ₹30,000 per 100g, ₹3,00,000 per kg 
• Silver Price Today in Kerala: ₹3,000 per 10g, ₹30,000 per 100g, ₹3,00,000 per kg 
• Silver Price Today in Pune: ₹3,000 per 10g, ₹30,000 per 100g, ₹3,00,000 per kg  
• Silver Price Today in Vadodara: ₹3,000 per 10g, ₹30,000 per 100g, ₹3,00,000 per kg  
• Silver Price Today in Ahmedabad: ₹3,000 per 10g, ₹30,000 per 100g, ₹3,00,000 per kg 

Recent Silver Price Movements in India

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

• February 9th: ₹300 per gram, ₹3,00,000 per kg (15000) 
• February 8th: ₹285 per gram, ₹2,85,000 per kg (0) 
• February 7th: ₹285 per gram, ₹2,85,000 per kg (-25000) 
• February 6th: ₹275 per gram, ₹2,75,000 per kg (-25000) 
• February 5th: ₹300 per gram, ₹3,00,000 per kg (-20000)  

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 easing to ₹300 per gram on February 5, slipping further to ₹275 per gram on February 6, stabilising at ₹285 per gram on February 7 and February 8, and rebounding to ₹300 per gram on February 9. 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 easing to ₹300 per gram on February 5, slipping to ₹275 per gram on February 6, stabilising at ₹285 per gram on February 7 and February 8, and rebounding to ₹300 per gram on February 9.

Conclusion

As of February 9, silver prices in India stand at around ₹300 per gram, or ₹3,00,000 per kg, with rates near ₹3,000 per 10 grams across most major cities. The sharp pullback from late-January highs above ₹400 per gram underscores elevated volatility and aggressive profit-taking. The failure to sustain recent rebounds suggests silver remains sensitive to near-term cues, with prices still searching for stability after the steep correction.