Silver Holds at ₹270/g on February 20 After Sharp Rebound: Latest Prices Across Major Cities

Silver prices in India remained volatile through mid-February following the sharp correction from late-January highs. After rebounding to ₹300 per gram on February 9, the recovery quickly lost momentum. Prices eased to ₹290 per gram on February 10, held steady on February 11, and edged up to ₹295 on February 12.

The rebound soon reversed, with rates falling to ₹280 per gram on February 13 and slipping further to ₹275 on February 14. The decline continued in the following sessions, dropping to ₹268 on February 16, ₹260 on February 17, and ₹255 on February 18. Silver then rebounded sharply to ₹270 per gram on February 19 and remained unchanged at that level on February 20, indicating a pause after the recovery.

Despite the recent stabilisation, silver remains well below the ₹295–₹300 range seen earlier in the month, signalling that the broader trend is still corrective. The swift bounce from recent lows points to bargain buying, but the inability to extend gains highlights fragile momentum and ongoing sensitivity to external factors. Overall, the market appears to be consolidating at lower levels, with a clear directional trend yet to emerge after the steep pullback from January highs.

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Silver Price Today Across Major Cities

• Silver Price Today in Mumbai: ₹2,700 per 10g, ₹27,000 per 100g, ₹2,70,000 per kg 
• Silver Price Today in Delhi: ₹2,700 per 10g, ₹27,000 per 100g, ₹2,70,000 per kg
• Silver Price Today in Kolkata: ₹2,700 per 10g, ₹27,000 per 100g, ₹2,70,000 per kg
• Silver Price Today in Bangalore: ₹2,700 per 10g, ₹27,000 per 100g, ₹2,70,000 per kg
• Silver Price Today in Hyderabad:₹2,700 per 10g, ₹27,000 per 100g, ₹2,70,000 per kg
• Silver Price Today in Kerala: ₹2,700 per 10g, ₹27,000 per 100g, ₹2,70,000 per kg
• Silver Price Today in Pune: ₹2,700 per 10g, ₹27,000 per 100g, ₹2,70,000 per kg
• Silver Price Today in Vadodara: ₹2,700 per 10g, ₹27,000 per 100g, ₹2,70,000 per kg
• Silver Price Today in Ahmedabad: ₹2,700 per 10g, ₹27,000 per 100g, ₹2,70,000 per kg

Recent Silver Price Movements in India

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

• February 20th: ₹270 per gram, ₹2,70,000 per kg (0)
• February 19th: ₹270 per gram, ₹2,70,000 per kg (15000) 
• February 18th: ₹255 per gram, ₹2,55,000 per kg (-5000)
• February 17th: ₹260 per gram, ₹2,60,000 per kg (-8000)
• February 16th: ₹268 per gram, ₹2,68,000 per kg (-7000)   

Silver prices in India remained highly volatile in the latter half of February, reflecting sharp swings in sentiment. After falling from ₹268 per gram on February 16 to ₹260 on February 17 and further to ₹255 on February 18, prices rebounded strongly to ₹270 per gram on February 19. Rates held steady at ₹270 on February 20, indicating a pause after the sharp recovery. Despite this bounce, silver remains below mid-month levels, underscoring fragile market confidence and persistent uncertainty. The swift recovery from recent lows suggests bargain buying at lower prices, but the lack of further upside points to a consolidation phase rather than a clear trend reversal in the domestic silver market.

Outlook

Silver prices in India remain highly volatile in the latter half of February following a sharp corrective decline. Rates fell from ₹268 per gram on February 16 to ₹260 on February 17 and further to ₹255 on February 18. Prices then rebounded sharply to ₹270 per gram on February 19 and held steady at the same level on February 20, suggesting a pause after the recovery. Despite this stabilisation, the broader pattern points to choppy consolidation, with sentiment swinging between selling pressure and bargain buying at lower levels.

Conclusion

As of February 20, silver prices stand at ₹270 per gram, or ₹2,70,000 per kg. Retail rates are around ₹2,700 per 10 grams across most major cities including Mumbai, Delhi, Kolkata, Bangalore, Hyderabad, Kerala, Pune, Vadodara, and Ahmedabad. The strong rebound from recent lows indicates some stabilisation in the domestic market, but the absence of further gains underscores ongoing uncertainty. Overall, silver continues to trade in a volatile range without a clear directional trend.