Silver Surges to ₹410/g on January 29: Check City-Wise Rates Across India

No image 5paisa Capital Ltd - 3 min read

Last Updated: 29th January 2026 - 12:39 pm

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 ₹380 per gram, before surging to a fresh peak of ₹410 per gram, or ₹4,10,000 per kg, on January 29 — a sharp ₹30,000-per-kg jump 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 around ₹325 on January 22 to ₹410 by January 29, 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 steep recovery, with momentum still firmly tilted to the upside rather than a smooth, one-way advance.

Silver Price Today Across Major Cities

Recent Silver Price Movements in India

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

  • January 29th: ₹410 per gram, ₹4,10,000 per kg (30000)
  • 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)

Silver prices in India extended their rally into late January, reflecting heightened volatility and strong buying interest. After slipping to ₹335 per gram on January 24, prices rebounded sharply to ₹360 on January 25, before climbing further to ₹370 on January 27. The bullish momentum strengthened on January 28, with silver touching ₹380 per gram, and the uptrend accelerated on January 29 as prices jumped to a fresh peak of ₹410 per gram. Despite brief pauses along the way, the sequence of higher highs and higher lows highlights a firmly upward trajectory and strong 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 easing to ₹335 per gram on January 24, the metal climbed sharply to ₹360 on January 25, advanced to ₹370 on January 27, rose further to ₹380 on January 28, and then spiked to a new peak of ₹410 per gram on January 29. The consistent pattern of higher highs points to robust buying interest, with recent pullbacks appearing more like brief consolidation phases within a firmly bullish trend.

Conclusion

As of January 29, silver is trading at around ₹410 per gram, or ₹4,10,000 per kg, at the national level. City-wise, Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad are quoting silver near ₹4,100 per 10g, while Hyderabad and Kerala are commanding a premium at about ₹4,250 per 10g. The sharp rise from the mid-₹330s per gram in the third week of January to above ₹400 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.

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