Silver prices in India remained volatile into mid-February after the sharp correction from late-January highs. Following the rebound to ₹300 per gram on February 9, the recovery quickly faded. Prices eased to ₹290 per gram on February 10 and held steady on February 11, before inching up to ₹295 per gram on February 12. However, the rebound proved short-lived, with rates dropping to ₹280 per gram on February 13, extending losses to ₹275 on February 14 and ₹268 on February 16.

With silver now trending lower after briefly oscillating between ₹280 and ₹300, price action points to consolidation with a downward bias rather than a strong reversal. The inability to sustain gains near ₹295–₹300 suggests weak short-term momentum, while continued swings reflect profit-booking and sensitivity to global cues. Overall, the market appears to be stabilising at lower levels, but a decisive trend direction has yet to emerge after the steep pullback from January highs.

Invest in Indian Markets and Unlock Future Potential With 5paisa!

 

Open Account Now

Silver Price Today Across Major Cities

• Silver Price Today in Mumbai: ₹2,680 per 10g, ₹26,800 per 100g, ₹2,68,000 per kg 
• Silver Price Today in Delhi: ₹2,680 per 10g, ₹26,800 per 100g, ₹2,68,000 per kg
• Silver Price Today in Kolkata: ₹2,680 per 10g, ₹26,800 per 100g, ₹2,68,000 per kg
• Silver Price Today in Bangalore: ₹2,680 per 10g, ₹26,800 per 100g, ₹2,68,000 per kg
• Silver Price Today in Hyderabad:₹2,800 per 10g, ₹28,000 per 100g, ₹2,80,000 per kg
• Silver Price Today in Kerala: ₹2,800 per 10g, ₹28,000 per 100g, ₹2,80,000 per kg
• Silver Price Today in Pune: ₹2,680 per 10g, ₹26,800 per 100g, ₹2,68,000 per kg
• Silver Price Today in Vadodara: ₹2,680 per 10g, ₹26,800 per 100g, ₹2,68,000 per kg
• Silver Price Today in Ahmedabad: ₹2,680 per 10g, ₹26,800 per 100g, ₹2,68,000 per kg

Recent Silver Price Movements in India

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

• February 16th: ₹268 per gram, ₹2,68,000 per kg (-7000) 
• February 14th: ₹275 per gram, ₹2,75,000 per kg (-5000)  
• February 13th: ₹280 per gram, ₹2,80,000 per kg (-15000) 
• February 12th: ₹295 per gram, ₹2,95,000 per kg (5000) 
• February 11th: ₹290 per gram, ₹2,90,000 per kg (0) 

Silver prices in India continued to fluctuate sharply in mid-February. After rising to ₹300 per gram on February 9, rates fell to ₹290 on February 10 and 11, rebounded to ₹295 on February 12, and then declined further to ₹280 on February 13, ₹275 on February 14, and ₹268 on February 16. With prices sliding from ₹295 to ₹268 within a few sessions, sentiment remains fragile, highlighting persistent volatility and a downward bias in the domestic silver market.

Outlook

Silver prices in India continue to move within a volatile corrective band in mid-February. After touching ₹300 per gram on February 9, rates slipped to ₹290 on February 10 and 11, briefly recovered to ₹295 per gram on February 12, and then declined further to ₹280 on February 13, ₹275 on February 14, and ₹268 on February 16. The steady drop after the brief rebound indicates weakening near-term momentum. With prices sliding sharply over just a few sessions, buying support appears inconsistent and sentiment remains cautious.

Conclusion

As of February 16, silver prices stand at ₹268 per gram, or ₹2,68,000 per kg. Retail rates are around ₹2,680 per 10 grams across most major cities including Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad, while Hyderabad and Kerala quote higher at about ₹2,800 per 10 grams. The recent decline from ₹295 to ₹268 over the past few sessions underscores persistent volatility, with the market showing a short-term downward bias while still searching for a stable direction.