Silver Slides to ₹249/g on January 9 After Sharp Early-Week Rally: Check City-Wise Prices Across India

Silver prices in India extended their correction on January 9, reinforcing the volatile tone seen in the first week of the year. Prices slipped further to ₹249 per gram, down from ₹252 on January 8 and off the recent peak of ₹263 on January 7, but remain well above the early-month base of ₹248 recorded on January 5. Despite the pullback, silver is still higher by about ₹8,000 per kg from early-January levels, underscoring an upward bias amid sharp swings.

The latest decline follows a brief but strong rally after prices stabilised at lower levels at the start of the month. Silver had held 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, before profit booking triggered back-to-back declines.

Overall, recent price action highlights elevated volatility. While the rebound from early-January lows reflects improving sentiment and active buying interest, the swift correction over January 8–9 shows sensitivity to short-term cues. The current pattern points to consolidation after a sharp recovery rather than a smooth continuation of the uptrend, keeping near-term fluctuations firmly in focus.

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Silver Price Today Across Major Cities

• Silver Price Today in Mumbai: ₹2,490 per 10g, ₹24,900 per 100g, ₹2,49,000 per kg 
• Silver Price Today in Delhi: ₹2,490 per 10g, ₹24,900 per 100g, ₹2,49,000 per kg
• Silver Price Today in Kolkata: ₹2,490 per 10g, ₹24,900 per 100g, ₹2,49,000 per kg 
• Silver Price Today in Bangalore: ₹2,490 per 10g, ₹24,900 per 100g, ₹2,49,000 per kg
• Silver Price Today in Hyderabad: ₹2,690 per 10g, ₹26,900 per 100g, ₹2,69,000 per kg 
• Silver Price Today in Kerala: ₹2,690 per 10g, ₹26,900 per 100g, ₹2,69,000 per kg 
• Silver Price Today in Pune: ₹2,490 per 10g, ₹24,900 per 100g, ₹2,49,000 per kg
• Silver Price Today in Vadodara: ₹2,490 per 10g, ₹24,900 per 100g, ₹2,49,000 per kg
• Silver Price Today in Ahmedabad: ₹2,490 per 10g, ₹24,900 per 100g, ₹2,49,000 per kg

Recent Silver Price Movements in India

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

• 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)
• January 6th: ₹253 per gram, ₹2,53,000 per kg (5000) 
• January 5th: ₹248 per gram, ₹2,48,000 per kg (7000)  

Silver prices in India extended their correction on January 9, highlighting continued volatility after the sharp early-January rally. Prices slipped to ₹249 per gram and ₹2,49,000 per kg, down ₹3,000 per kg from January 8, after already falling ₹5,000 per kg a day earlier.
The decline followed a brief but steep surge earlier in the week. Silver rose from ₹248 per gram (₹2,48,000 per kg) on January 5 to ₹253 per gram (₹2,53,000 per kg) on January 6, before jumping to ₹263 per gram and ₹2,63,000 per kg on January 7, adding ₹10,000 per kg in a single session.
While the rally was fuelled by renewed buying after early-January consolidation, the subsequent pullback points to aggressive profit booking at higher levels. Even after the correction, silver remains above early-month levels, indicating active two-way trade rather than a clear trend.

Outlook

Silver prices in India slipped further on January 9, extending the correction after a sharp early-January rally. After consolidating in the first few days of the month, prices climbed to ₹248 per gram on January 5, rose to ₹253 on January 6, and surged to a peak of ₹263 on January 7, before easing to ₹252 on January 8 and ₹249 on January 9. The swift rise followed by back-to-back declines highlights persistent volatility, with prices reacting sharply to profit booking after the recent spike.

Conclusion

As of January 9, silver trades at ₹249 per gram (₹2,49,000 per kg) at the national level. City-wise, Hyderabad and Kerala continue to quote higher rates at ₹2,690 per 10g (₹2,69,000 per kg), while Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad are aligned at ₹2,490 per 10g (₹2,49,000 per kg). Despite the latest pullback, silver remains above early-January levels, indicating consolidation after sharp gains rather than a reversal, with near-term movement likely to remain volatile.