Silver prices in India surged to ₹300 per gram on February 23, rebounding sharply from ₹275 on February 21 and ₹270 on February 19–20 after touching a low of ₹255 on February 18. The strong late-month rally follows a steady decline from the early-February peak of ₹300 on February 9.

While the rebound has erased most of the recent losses, the sharp swings over a short period highlight fragile sentiment and elevated uncertainty. Overall, silver continues to trade in a volatile range, with the durability of the latest upswing still unclear.

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

 

Open Account Now

Silver Price Today Across Major Cities

• Silver Price Today in Mumbai: ₹3,000 per 10g, ₹30,000 per 100g, ₹3,00,000 per kg 
• Silver Price Today in Delhi: ₹3,000 per 10g, ₹30,000 per 100g, ₹3,00,000 per kg
• Silver Price Today in Kolkata: ₹3,000 per 10g, ₹30,000 per 100g, ₹3,00,000 per kg
• Silver Price Today in Bangalore: ₹3,000 per 10g, ₹30,000 per 100g, ₹3,00,000 per kg
• Silver Price Today in Hyderabad:₹3,000 per 10g, ₹30,000 per 100g, ₹3,00,000 per kg
• Silver Price Today in Kerala: ₹3,000 per 10g, ₹30,000 per 100g, ₹3,00,000 per kg
• Silver Price Today in Pune: ₹3,000 per 10g, ₹30,000 per 100g, ₹3,00,000 per kg
• Silver Price Today in Vadodara: ₹3,000 per 10g, ₹30,000 per 100g, ₹3,00,000 per kg
• Silver Price Today in Ahmedabad: ₹3,000 per 10g, ₹30,000 per 100g, ₹3,00,000 per kg

Recent Silver Price Movements in India

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

• February 23rd: ₹300 per gram, ₹3,00,000 per kg (25000)  
• February 21st: ₹275 per gram, ₹2,75,000 per kg (5000) 
• 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)

Silver prices in India remained highly volatile in the latter half of February, reflecting sharp swings in sentiment. After dropping to ₹255 per gram on February 18, prices rebounded to ₹270 on February 19 and held steady on February 20, signalling a pause after the initial recovery. The uptrend resumed thereafter, with silver rising to ₹275 per gram on February 21 and surging further to ₹300 on February 23. Despite the strong late-month rally, the sharp fluctuations highlight fragile market confidence and heightened uncertainty. The swift jump from recent lows suggests aggressive bargain buying and renewed momentum, though the uneven trajectory points to continued volatility rather than a stable trend in the domestic silver market.

Outlook

Silver prices in India remain highly volatile in the latter half of February, marked by a sharp corrective decline followed by an equally strong rebound. Rates dropped to ₹255 per gram on February 18 before recovering to ₹270 on February 19 and holding steady on February 20, indicating a temporary pause. The uptrend then strengthened, with prices rising to ₹275 per gram on February 21 and surging to ₹300 on February 23. 

Conclusion

As of February 23, silver prices stand at ₹300 per gram, or ₹3,00,000 per kg. Retail rates are around ₹3,000 per 10 grams across most major cities including Mumbai, Delhi, Kolkata, Bangalore, Hyderabad, Kerala, Pune, Vadodara, and Ahmedabad. The sharp rebound from recent lows signals strong recovery and aggressive buying, pushing prices back to higher levels. However, given the rapid fluctuations over the past few sessions, silver continues to trade in a volatile environment, with direction likely to depend on evolving global and domestic cues.