Silver Slips to ₹290/g on May 15 Amid Profit Booking After Sharp Rally: Check Latest City-Wise Rates

Silver prices in India slipped further to ₹290 per gram on May 15 after easing to ₹300 on May 14, following a sharp rally that had pushed prices to ₹310 on May 13 and ₹290 on May 12. Prices had earlier held firm at ₹275 on May 11 and May 8, after rising from ₹270 on May 7 and ₹265 on May 6 following a brief dip to ₹255 on May 5. The recent rally came after a sharp fall to ₹250 on April 30, while prices had largely remained stable around ₹260 from April 27 to April 29, marking an earlier consolidation phase.

Earlier in April, volatility intensified as prices surged to ₹270 on April 15 after fluctuating in the ₹255–₹260 range. This followed a relatively stable phase when silver held near ₹250 from April 2 through April 7 after easing from ₹255 on April 1.

Before that, silver had rebounded to ₹250 per gram on March 25 after plunging to ₹230 on March 23, reversing from the early-March peak of ₹330 per gram.

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Silver Price Today Across Major Cities

• Silver Price Today in Mumbai: ₹2,900 per 10g, ₹29,000 per 100g, ₹2,90,000 per kg
• Silver Price Today in Delhi: ₹2,900 per 10g, ₹29,000 per 100g, ₹2,90,000 per kg
• Silver Price Today in Kolkata: ₹2,900 per 10g, ₹29,000 per 100g, ₹2,90,000 per kg
• Silver Price Today in Bangalore: ₹2,900 per 10g, ₹29,000 per 100g, ₹2,90,000 per kg
• Silver Price Today in Hyderabad: ₹3,050 per 10g, ₹30,500 per 100g, ₹3,05,000 per kg
• Silver Price Today in Kerala: ₹3,050 per 10g, ₹30,500 per 100g, ₹3,05,000 per kg
• Silver Price Today in Pune: ₹2,900 per 10g, ₹29,000 per 100g, ₹2,90,000 per kg
• Silver Price Today in Vadodara: ₹2,900 per 10g, ₹29,000 per 100g, ₹2,90,000 per kg
• Silver Price Today in Ahmedabad: ₹2,900 per 10g, ₹29,000 per 100g, ₹2,90,000 per kg

Recent Silver Price Movements in India

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

• May 15th: ₹290 per gram, ₹2,90,000 per kg 
• May 14th: ₹300 per gram, ₹3,00,000 per kg 
• May 13th: ₹310 per gram, ₹3,10,000 per kg
• May 12th: ₹290 per gram, ₹2,90,000 per kg 
• May 11th: ₹275 per gram, ₹2,75,000 per kg

Silver prices in India have remained volatile since the early-March peak of ₹330 per gram, followed by a sharp correction and mid-March lows near ₹230. Prices recovered steadily into early April, holding around ₹250 through April 7.

Volatility returned thereafter, with prices rising to ₹270 by April 15, then easing back to ₹260 and dropping to ₹250 on April 30. Prices rebounded to ₹265 on May 4, slipped to ₹255 on May 5, climbed back to ₹265 on May 6, rose further to ₹270 on May 7, and advanced to ₹275 on May 8. Prices remained steady at ₹275 on May 11 before surging sharply to ₹290 on May 12 and jumping further to ₹310 on May 13. Prices then eased to ₹300 on May 14 and slipped further to ₹290 per gram on May 15, indicating continued volatility and profit booking after the recent sharp rally.

Outlook

Prices fell to ₹230 per gram on March 23 before rebounding to ₹250 by March 25, followed by a brief dip to ₹240 on March 27. Momentum picked up into early April, with prices rising to ₹255 on April 1 before easing to ₹250 and holding steady through April 7.

Volatility returned thereafter, with prices climbing to ₹270 by April 15, easing to ₹265–₹260 in the following sessions, and then dropping sharply to ₹250 on April 30. Prices rebounded to ₹265 on May 4, slipped to ₹255 on May 5, climbed to ₹265 on May 6, rose to ₹270 on May 7, and advanced further to ₹275 on May 8. Prices held steady at ₹275 on May 11 before surging sharply to ₹290 on May 12 and jumping further to ₹310 on May 13. Prices then eased to ₹300 on May 14 and slipped further to ₹290 on May 15, indicating continued volatility and profit booking after the recent rally.

Conclusion

As of May 15, silver prices stand at ₹290 per gram, or ₹2,90,000 per kg in most major markets. Retail rates are around ₹2,900 per 10 grams across Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad.

Hyderabad and Kerala are quoting higher at around ₹3,050 per 10 grams, reflecting regional variations in physical market pricing.

Recent sessions show prices rebounding from ₹250 on April 30 to ₹265 on May 4, easing to ₹255 on May 5, rising steadily to ₹275 by May 8, holding firm on May 11, surging to ₹290 on May 12, jumping to ₹310 on May 13, easing to ₹300 on May 14, and slipping further to ₹290 on May 15, highlighting continued volatility after the recent breakout.