Silver Rallies to ₹340/g on January 23: Check City-Wise Rates Across India

Silver prices in India extended their recovery further after the brief early-January correction, underscoring sustained volatility and strong follow-through buying. 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 to ₹290 on January 14. The uptrend carried into the second half of the month, with silver moving up to ₹292 per gram on January 16, strengthening to ₹295 on January 17, accelerating sharply to ₹305 on January 19, and jumping to ₹320 on January 20. The rally peaked at ₹330 per gram on January 21 before easing marginally to ₹325 on January 22 on mild profit-taking.

Despite the interim pullback earlier in the month, silver is now trading decisively above its early-January base near ₹248–₹250 per gram, reinforcing a clearly bullish bias. The rapid succession of higher highs, interrupted only by brief bouts of consolidation, reflects active two-way trade and heightened sensitivity to short-term cues. Overall, the price action suggests consolidation at elevated levels following a sharp recovery, with momentum still firmly tilted to the upside rather than a smooth, one-way advance.

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Silver Price Today Across Major Cities

• Silver Price Today in Mumbai: ₹3,400 per 10g, ₹34,000 per 100g, ₹3,40,000 per kg 
• Silver Price Today in Delhi: ₹3,400 per 10g, ₹34,000 per 100g, ₹3,40,000 per kg
• Silver Price Today in Kolkata: ₹3,400 per 10g, ₹34,000 per 100g, ₹3,40,000 per kg
• Silver Price Today in Bangalore: ₹3,400 per 10g, ₹34,000 per 100g, ₹3,40,000 per kg
• Silver Price Today in Hyderabad: ₹3,600 per 10g, ₹36,000 per 100g, ₹3,40,000 per kg 
• Silver Price Today in Kerala: ₹3,600 per 10g, ₹36,000 per 100g, ₹3,60,000 per kg 
• Silver Price Today in Pune: ₹3,400 per 10g, ₹34,000 per 100g, ₹3,40,000 per kg
• Silver Price Today in Vadodara: ₹3,400 per 10g, ₹34,000 per 100g, ₹3,40,000 per kg
• Silver Price Today in Ahmedabad: ₹3,400 per 10g, ₹34,000 per 100g, ₹3,40,000 per kg

Recent Silver Price Movements in India

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

• January 23rd: ₹340 per gram, ₹3,40,000 per kg (15000)
• January 22nd: ₹325 per gram, ₹3,25,000 per kg (-5000) 
• January 21st: ₹330 per gram, ₹3,30,000 per kg (10000) 
• January 20th: ₹320 per gram, ₹3,20,000 per kg (15000) 
• January 19th: ₹305 per gram, ₹3,05,000 per kg (10000)

Silver prices in India extended their rally into late January, underscoring heightened volatility and strong buying interest. After climbing to ₹305 per gram on January 19, rates jumped sharply to ₹320 on January 20 and then surged further to ₹330 on January 21. Some profit-taking emerged on January 22, pulling prices slightly lower to ₹325 per gram, but the correction was short-lived. The uptrend quickly resumed on January 23, with silver advancing to a fresh high of ₹340 per gram. Despite the brief dip, prices remain well above mid-January levels, and the sequence of higher highs highlights a firmly bullish bias, supported by strong momentum and active participation in the domestic silver market.

Outlook

Silver prices in India extended their strong rebound into late January and pushed to fresh highs, remaining in a high-volatility phase. After rising to ₹305 per gram on January 19, rates jumped sharply to ₹320 per gram on January 20, marking a ₹15,000-per-kg gain in a single session. The rally intensified on January 21, with prices touching ₹330 per gram, before easing marginally to ₹325 on January 22 on mild profit-taking. The pause, however, was short-lived, as prices surged again to a new high of ₹340 per gram on January 23. The sequence of higher highs underscores strong buying interest, with recent pullbacks appearing more like brief consolidation within a firmly bullish trend.

Conclusion

As of January 23, silver is trading at around ₹340 per gram, or ₹3,40,000 per kg, at the national level. City-wise, Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad are quoting silver near ₹3,400 per 10g, while Hyderabad and Kerala are at a premium, around ₹3,600 per 10g. The sharp rise from ₹320 per gram on January 20 to ₹340 within three sessions highlights the strength of the ongoing uptrend and the elevated volatility in the market, with the overall bias still tilted toward further upside.