Silver Jumps to ₹292/g on January 16 After Volatile Week: Check City-Wise Prices Across India

Silver prices in India extended their recovery after a brief correction, underscoring sharp volatility in early 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, rose to ₹270 on January 12, climbed to ₹275 on January 13, and surged further to ₹290 per gram on January 14. The upward momentum continued into January 16, with silver edging higher to ₹292 per gram.

Despite the interim pullback, silver remains well above its early-month base of around ₹248 per gram, pointing to an overall upward bias. The swift correction and equally quick rebound, followed by the move to fresh multi-day highs, highlight active two-way trade and sensitivity to short-term cues, suggesting consolidation at elevated levels after a sharp recovery rather than a smooth, one-way uptrend.

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Silver Price Today Across Major Cities

• Silver Price Today in Mumbai: ₹2,920 per 10g, ₹29,200 per 100g, ₹2,92,000 per kg 
• Silver Price Today in Delhi: ₹2,920 per 10g, ₹29,200 per 100g, ₹2,92,000 per kg
• Silver Price Today in Kolkata: ₹2,920 per 10g, ₹29,200 per 100g, ₹2,92,000 per kg
• Silver Price Today in Bangalore: ₹2,920 per 10g, ₹29,200 per 100g, ₹2,92,000 per kg
• Silver Price Today in Hyderabad: ₹3,060 per 10g, ₹30,600 per 100g, ₹3,06,000 per kg 
• Silver Price Today in Kerala: ₹3,060 per 10g, ₹30,600 per 100g, ₹3,06,000 per kg 
• Silver Price Today in Pune: ₹2,920 per 10g, ₹29,200 per 100g, ₹2,92,000 per kg
• Silver Price Today in Vadodara: ₹2,920 per 10g, ₹29,200 per 100g, ₹2,92,000 per kg
• Silver Price Today in Ahmedabad: ₹2,920 per 10g, ₹29,200 per 100g, ₹2,92,000 per kg

Recent Silver Price Movements in India

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

• January 16th: ₹292 per gram, ₹2,92,000 per kg (2000) 
• January 14th: ₹290 per gram, ₹2,90,000 per kg (15000) 
• January 13th: ₹275 per gram, ₹2,75,000 per kg (5000)
• January 12th: ₹270 per gram, ₹2,70,000 per kg (10000)  
• January 10th: ₹260 per gram, ₹2,60,000 per kg (11000)

Silver prices in India remained volatile through mid-January, marked by a sharp rally, a brief correction, and successive strong rebounds. After easing to ₹252 per gram (₹2,52,000 per kg) on January 8, rates slipped further to ₹249 per gram (₹2,49,000 per kg) on January 9, a decline of ₹3,000 per kg from the previous session.
The correction, however, proved short-lived. Prices bounced back to ₹260 per gram (₹2,60,000 per kg) on January 10, jumped to ₹270 per gram (₹2,70,000 per kg) on January 12, and climbed further to ₹275 per gram (₹2,75,000 per kg) on January 13, adding ₹5,000 per kg in a day and ₹26,000 per kg from the January 9 low.
The rally gathered fresh momentum on January 14, with silver surging to ₹290 per gram (₹2,90,000 per kg), a sharp ₹15,000 per kg jump in a single session and a gain of ₹41,000 per kg from the January 9 trough. The upward move extended on January 16, when prices rose further to ₹292 per gram (₹2,92,000 per kg), adding another ₹2,000 per kg.
This price action highlights strong two-way trade, with profit booking after the early-month slide quickly giving way to aggressive buying interest. Silver has now moved well above its early-January base, underscoring heightened volatility and active participation rather than a clearly settled trend.

Outlook

Silver prices in India extended their rebound through mid-January, reinforcing the high-volatility phase seen this month. After peaking in early January, rates corrected to ₹252 per gram on January 8 and further to ₹249 per gram on January 9 amid profit booking. The decline was short-lived, with prices recovering to ₹260 per gram on January 10, jumping to ₹270 per gram on January 12, and moving higher to ₹275 per gram on January 13, adding ₹5,000 per kg in a day. Momentum strengthened further on January 14, when silver surged to ₹290 per gram, logging a sharp ₹15,000 per kg gain in a single session. The uptrend continued into January 16, with prices rising to ₹292 per gram (₹2,92,000 per kg), indicating sustained buying interest after the swift pullback earlier in the month. The move suggests silver is holding well above its early-January base, with active two-way trade and heightened volatility rather than a clearly settled trend.

Conclusion

As of January 16, silver is trading at around ₹292 per gram, or ₹2,92,000 per kg, at the national level. City-wise, rates in Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad stand at ₹2,920 per 10g, while Hyderabad and Kerala continue to quote a premium at ₹3,060 per 10g. The rise from the January 9 low of ₹249 per gram to ₹292 per gram within about a week underscores the sharp swings in the market, with volatility remaining elevated and price action driven by rapid shifts between profit booking and fresh buying interest.