Silver Slips to ₹285/g on February 24 After Sharp Rally: Latest Prices Across Major Cities

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.

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Silver Price Today Across Major Cities

• Silver Price Today in Mumbai: ₹2,850 per 10g, ₹28,500 per 100g, ₹2,85,000 per kg 
• Silver Price Today in Delhi: ₹2,850 per 10g, ₹28,500 per 100g, ₹2,85,000 per kg
• Silver Price Today in Kolkata: ₹2,850 per 10g, ₹28,500 per 100g, ₹2,85,000 per kg
• Silver Price Today in Bangalore: ₹2,850 per 10g, ₹28,500 per 100g, ₹2,85,000 per kg
• Silver Price Today in Hyderabad:₹2,900 per 10g, ₹29,000 per 100g, ₹2,90,000 per kg
• Silver Price Today in Kerala: ₹2,900 per 10g, ₹29,000 per 100g, ₹2,90,000 per kg
• Silver Price Today in Pune: ₹2,850 per 10g, ₹28,500 per 100g, ₹2,85,000 per kg
• Silver Price Today in Vadodara: ₹2,850 per 10g, ₹28,500 per 100g, ₹2,85,000 per kg
• Silver Price Today in Ahmedabad: ₹2,850 per 10g, ₹28,500 per 100g, ₹2,85,000 per kg

Recent Silver Price Movements in India

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

• February 24th: ₹285 per gram, ₹2,85,000 per kg (-15000)
• 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) 

Silver prices in India extended their volatile run in the latter half of February, mirroring sharp swings in investor sentiment. After holding steady at ₹270 per gram on February 19 and February 20, prices climbed to ₹275 on February 21, before surging sharply to ₹300 per gram on February 23 - marking a strong upward breakout.

However, the rally proved short-lived. On February 24, silver corrected to ₹285 per gram (₹2,85,000 per kg), falling ₹15,000 per kg from the previous session’s peak of ₹3,00,000.

The sharp rise followed by an equally swift pullback underscores fragile market confidence and heightened uncertainty. While the late-month spike signalled aggressive buying momentum, the immediate correction suggests profit-booking at higher levels. Overall, the uneven trajectory points to continued volatility rather than the emergence of a stable trend in the domestic silver market.

Outlook

Silver prices in India continue to witness sharp swings in the latter half of February. After holding steady at ₹270 per gram on February 19 and February 20, prices moved higher to ₹275 on February 21 and then surged to ₹300 per gram on February 23, marking a strong breakout.

However, the rally was followed by a correction. On February 24, prices eased to ₹285 per gram, reflecting a ₹15,000 per kg decline from the previous session’s peak. The pullback suggests profit-booking at elevated levels even as underlying sentiment remains active. Overall, the price action highlights continued volatility rather than a steady directional trend.

Conclusion

As of February 24, silver prices stand at ₹285 per gram, or ₹2,85,000 per kg. Retail rates are ₹2,850 per 10 grams across most major cities including Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad, while Hyderabad and Kerala are quoting slightly higher at ₹2,900 per 10 grams.

The sharp surge to ₹300 per gram followed by a swift correction underscores the fragile and reactive nature of the market. While recent sessions showed strong buying momentum, the immediate dip signals cautious sentiment and short-term profit-taking. Silver continues to trade in a highly volatile environment, with near-term direction likely to hinge on global cues and domestic demand trends.