Silver Jumps to ₹380/g by January 28: 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 rebounding to ₹340 per gram on January 23, prices pulled back to ₹335 on January 24, but the dip proved short-lived. Fresh buying interest pushed silver sharply higher to ₹360 per gram on January 25, followed by another leg up to ₹370 on January 27. The rally intensified on January 28, with prices scaling a new peak of ₹380 per gram, or ₹3,80,000 per kg, marking yet another ₹10,000-per-kg rise in a single session.

Despite intermittent corrections, silver is now trading decisively above its late-January base near ₹325–₹330 per gram, reinforcing a clearly bullish bias. The rapid sequence of higher highs, from ₹325 on January 22 to ₹380 by January 28, highlights active two-way trade, strong speculative interest and heightened sensitivity to short-term global and currency cues. Overall, the price action points to consolidation at elevated levels after a sharp recovery, with momentum still firmly tilted to the upside rather than a smooth, one-way advance.

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

 

Open Account Now

Silver Price Today Across Major Cities

• Silver Price Today in Mumbai: ₹3,800 per 10g, ₹38,000 per 100g, ₹3,80,000 per kg 
• Silver Price Today in Delhi: ₹3,800 per 10g, ₹38,000 per 100g, ₹3,80,000 per kg
• Silver Price Today in Kolkata: ₹3,800 per 10g, ₹38,000 per 100g, ₹3,80,000 per kg
• Silver Price Today in Bangalore: ₹3,800 per 10g, ₹38,000 per 100g, ₹3,80,000 per kg
• Silver Price Today in Hyderabad: ₹4,000 per 10g, ₹40,000 per 100g, ₹4,00,000 per kg 
• Silver Price Today in Kerala: ₹4,000 per 10g, ₹40,000 per 100g, ₹4,00,000 per kg 
• Silver Price Today in Pune: ₹3,800 per 10g, ₹38,000 per 100g, ₹3,80,000 per kg
• Silver Price Today in Vadodara: ₹3,800 per 10g, ₹38,000 per 100g, ₹3,80,000 per kg
• Silver Price Today in Ahmedabad: ₹3,800 per 10g, ₹38,000 per 100g, ₹3,80,000 per kg

Recent Silver Price Movements in India

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

• January 28th: ₹380 per gram, ₹3,80,000 per kg (10000) 
• January 27th: ₹370 per gram, ₹3,70,000 per kg (10000) 
• January 25th: ₹360 per gram, ₹3,60,000 per kg (25000) 
• January 24th: ₹335 per gram, ₹3,35,000 per kg (-5000)
• January 23rd: ₹340 per gram, ₹3,40,000 per kg (15000)

Silver prices in India extended their rally into late January, reflecting heightened volatility and strong buying interest. After climbing to ₹340 per gram on January 23, prices briefly eased to ₹335 on January 24, but the dip was short-lived. Renewed demand pushed silver sharply higher to ₹360 on January 25, followed by a further surge to ₹370 on January 27. The bullish momentum strengthened on January 28, with prices hitting a fresh peak of ₹380 per gram. Despite minor interim corrections, the overall trajectory shows a clear pattern of higher highs, underscoring a firmly upward trend and robust participation in the domestic silver market.

Outlook

Silver prices in India extended their strong rebound into the final week of January and surged to fresh record levels, remaining in a high-volatility phase. After rising to ₹340 per gram on January 23 and briefly easing to ₹335 on January 24, the metal climbed swiftly to ₹360 on January 25, ₹370 on January 27 and further to ₹380 on January 28. The consistent pattern of higher highs reflects robust buying interest, with recent pullbacks appearing more like short-lived consolidation within a firmly bullish trend.

Conclusion

As of January 28, silver is trading at around ₹380 per gram, or ₹3,80,000 per kg, at the national level. City-wise, Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad are quoting silver near ₹3,800 per 10g, while Hyderabad and Kerala are commanding a premium at about ₹4,000 per 10g. The sharp rise from around ₹325 per gram in the third week of January to ₹380 within a few sessions underscores the strength of the ongoing uptrend and the elevated volatility in the market, with the overall bias still tilted toward further upside.