Silver Jumps to ₹270/g on January 12 After Volatile Week: Check City-Wise Prices Across India

Silver prices in India recovered after the brief correction seen earlier in the week, highlighting the sharp volatility that has characterised the first half of January. After slipping to ₹249 per gram on January 9 from ₹252 on January 8 and the recent peak of ₹263 on January 7, prices rebounded to ₹260 on January 10 and climbed further to ₹270 per gram by January 12. Even with the interim pullback, silver remains well above the early-month base of around ₹248 per gram seen on January 5, underscoring an overall upward bias amid wide daily swings.

The recent move follows a strong rally after prices stabilised at lower levels at the start of the month. Silver had hovered near ₹241 per gram on January 4, signalling that selling pressure from the late-December correction was easing. Fresh buying then lifted prices to ₹248 on January 5, ₹253 on January 6, and a sharp spike to ₹263 on January 7. Profit booking over January 8–9 triggered a swift correction, which was again followed by renewed buying interest, pushing prices back above ₹260 and to fresh short-term highs.

Overall, the price action points to elevated volatility and active two-way trade. While the rebound from early-January lows reflects improving sentiment and sustained demand, the rapid pullback and equally quick recovery show sensitivity to short-term cues. The current pattern suggests consolidation after a sharp recovery rather than a smooth, one-way uptrend, keeping near-term fluctuations firmly in focus.

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

 

Open Account Now

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: ₹2,870 per 10g, ₹28,700 per 100g, ₹2,87,000 per kg 
• Silver Price Today in Kerala: ₹2,870 per 10g, ₹28,700 per 100g, ₹2,87,000 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:

• January 12th: ₹270 per gram, ₹2,48,000 per kg (10000)  
• January 10th: ₹260 per gram, ₹2,60,000 per kg (11000)
• January 9th: ₹249 per gram, ₹2,49,000 per kg (-3000) 
• January 8th: ₹252 per gram, ₹2,52,000 per kg (-5000)  
• January 7th: ₹263 per gram, ₹2,63,000 per kg (10000)

Silver prices in India remained volatile through mid-January, with a sharp rally followed by a swift correction and another rebound. After jumping from ₹252 per gram (₹2,52,000 per kg) on January 8 to ₹263 per gram and ₹2,63,000 per kg on January 7, prices slipped to ₹249 per gram and ₹2,49,000 per kg on January 9, marking a ₹3,000 per kg fall from the previous session and a cumulative ₹14,000 per kg drop from the weekly high.

The correction, however, proved short-lived. Silver recovered to ₹260 per gram (₹2,60,000 per kg) on January 10 and extended gains to ₹270 per gram and ₹2,70,000 per kg by January 12, adding ₹10,000 per kg in a single session. The price action reflects strong two-way trade, with aggressive profit booking after the early-January spike followed by fresh buying interest, keeping the metal well above its early-month base and underscoring heightened volatility rather than a settled trend.

Outlook

Silver prices in India rebounded sharply by January 12, recovering from the brief correction seen earlier in the week and underscoring the heightened volatility in the metal. After peaking at ₹263 per gram on January 7, prices slipped to ₹252 on January 8 and further to ₹249 on January 9 amid profit booking. The dip, however, was short-lived. Silver bounced back to ₹260 per gram on January 10 and extended gains to ₹270 per gram on January 12, adding ₹10,000 per kg in a single session. The swift turnaround suggests renewed buying interest at lower levels, keeping prices well above the early-month base and pointing to active two-way trade rather than a settled trend.

Conclusion

As of January 12, silver is trading at around ₹270 per gram, or ₹2,70,000 per kg, at the national level. City-wise, rates in Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad stand at ₹2,700 per 10g (₹2,70,000 per kg), while Hyderabad and Kerala quote a premium at ₹2,870 per 10g (₹2,87,000 per kg). The recovery from the January 9 low of ₹249 per gram highlights strong volatility following the early-January spike, with prices now comfortably above recent correction levels but still prone to sharp swings in the near term.