Silver Rebounds to ₹265/g on May 4 After Recent Drop: Check Latest City-Wise Rates

No image Anupama VM - 3 min read

Last Updated: 4th May 2026 - 03:12 pm

Silver prices in India remained largely range-bound in early April before turning volatile in recent sessions. Prices held steady at ₹250 per gram from April 2 through April 7 after easing from ₹255 on April 1.

Momentum picked up thereafter, with prices rising to ₹260 on April 8, dipping to ₹255 on April 9, rebounding to ₹260 on April 10, and easing again to ₹255 on April 13 before surging to ₹270 on April 15. Prices then softened to ₹265–₹260 through late April, holding around ₹260 from April 27 to April 29, before dropping sharply to ₹250 on April 30 and rebounding to ₹265 on May 4, indicating a recovery after the recent correction.

Earlier, prices had rebounded to ₹250 per gram on March 25 after falling sharply to ₹230 on March 23, following a reversal from the early-March peak of ₹330 per gram.

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:

  • May 4th: ₹265 per gram, ₹2,65,000 per kg 
  • April 30th: ₹250 per gram, ₹2,50,000 per kg 
  • April 29th: ₹260 per gram, ₹2,60,000 per kg 
  • April 28th: ₹260 per gram, ₹2,60,000 per kg 
  • April 27th: ₹260 per gram, ₹2,60,000 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. The latest session shows a rebound to ₹265 on May 4, indicating a recovery after the recent correction.

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. The latest move shows a rebound to ₹265 on May 4, indicating a recovery after the recent correction.

Conclusion

As of May 4, silver prices stand at ₹265 per gram, or ₹2,65,000 per kg in most major markets. Retail rates are around ₹2,650 per 10 grams across Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad.

Hyderabad and Kerala are slightly higher at ₹2,700 per 10 grams, reflecting regional price differences.

Recent sessions show prices holding at ₹260 through April 27–29, dropping to ₹250 on April 30, and rebounding to ₹265 on May 4, highlighting a sharp recovery after a brief correction.

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