Silver Surges to ₹275/g on May 8 as Uptrend Strengthens: Check Latest City-Wise Rates

Silver prices in India climbed further to ₹275 per gram on May 8 after rising to ₹270 on May 7 and rebounding to ₹265 on May 6 following a brief dip to ₹255 on May 5. The recent recovery came after a sharp fall to ₹250 on April 30, while prices had largely remained stable around ₹260 from April 27 to April 29, indicating an earlier phase of consolidation.

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: ₹2,750 per 10g, ₹27,500 per 100g, ₹2,75,000 per kg
• Silver Price Today in Delhi: ₹2,750 per 10g, ₹27,500 per 100g, ₹2,75,000 per kg
• Silver Price Today in Kolkata: 2,750 per 10g, ₹27,500 per 100g, ₹2,75,000 per kg
• Silver Price Today in Bangalore: 2,750 per 10g, ₹27,500 per 100g, ₹2,75,000 per kg
• Silver Price Today in Hyderabad: ₹2,749 per 10g, ₹2,749 per 100g, ₹2,74,900 per kg
• Silver Price Today in Kerala: ₹2,749 per 10g, ₹2,749 per 100g, ₹2,74,900 per kg
• Silver Price Today in Pune: 2,750 per 10g, ₹27,500 per 100g, ₹2,75,000 per kg
• Silver Price Today in Vadodara: 2,750 per 10g, ₹27,500 per 100g, ₹2,75,000 per kg
• Silver Price Today in Ahmedabad: 2,750 per 10g, ₹27,500 per 100g, ₹2,75,000 per kg

Recent Silver Price Movements in India

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

• May 8th: ₹275 per gram, ₹2,75,000 per kg 
• May 7th: ₹270 per gram, ₹2,70,000 per kg 
• May 6th: ₹265 per gram, ₹2,65,000 per kg 
• May 5th: ₹255 per gram, ₹2,55,000 per kg 
• May 4th: ₹265 per gram, ₹2,65,000 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 have now advanced to ₹275 on May 8, indicating strong upward momentum 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. Prices rebounded to ₹265 on May 4, slipped to ₹255 on May 5, climbed to ₹265 on May 6, and have now advanced further to ₹275 on May 8, indicating strong upward momentum after the recent correction.

Conclusion

As of May 8, silver prices stand at ₹275 per gram, or ₹2,75,000 per kg in most major markets. Retail rates are around ₹2,750 per 10 grams across Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad.

Hyderabad and Kerala are quoting marginally lower at around ₹2,749 per 10 grams, reflecting slight regional variations in physical market pricing.

Recent sessions show prices dropping to ₹250 on April 30, rebounding to ₹265 on May 4, easing to ₹255 on May 5, rising to ₹265 on May 6, climbing to ₹270 on May 7, and advancing further to ₹275 on May 8, highlighting sustained upward momentum after recent volatility.