Silver Holds Steady at ₹285/g on February 27 After Recent Correction: Latest Prices Across Major Cities

Silver prices in India briefly surged to ₹300 per gram on February 23, rebounding sharply and marking a late-month upswing. However, the rally proved short-lived. Prices corrected to ₹285 per gram (₹2,85,000 per kg) on February 24 and have since remained unchanged at the same level through February 25, February 26, and February 27, signalling an extended pause after the pullback.

The swift jump to ₹300 followed by a sharp correction and multiple sessions of stability underscores fragile sentiment and heightened uncertainty in the market. While the rebound temporarily reversed recent weakness, the inability to sustain higher levels indicates active profit-booking and cautious positioning among traders. Overall, silver continues to trade within a volatile range, with the durability of any renewed 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:₹2,950 per 10g, ₹29,500 per 100g, ₹2,95,000 per kg
• Silver Price Today in Kerala: ₹2,950 per 10g, ₹29,500 per 100g, ₹2,95,000 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 27th: ₹285 per gram, ₹2,85,000 per kg (0)
• February 26th: ₹285 per gram, ₹2,85,000 per kg (0)
• February 25th: ₹285 per gram, ₹2,85,000 per kg (0) 
• February 24th: ₹285 per gram, ₹2,85,000 per kg (-15000)
• February 23rd: ₹300 per gram, ₹3,00,000 per kg (25000)   

Silver prices in India continued to display sharp swings in the latter half of February, reflecting rapid shifts in investor sentiment. After surging to ₹300 per gram on February 23 - marking a strong breakout - the rally quickly lost momentum.

On February 24, silver corrected to ₹285 per gram, a decline of ₹15,000 per kg from the recent peak. Since then, prices have remained unchanged at ₹285 per gram on February 25, February 26, and February 27, indicating four consecutive sessions of consolidation.

The swift surge to ₹300 followed by an extended phase of stability highlights cautious market positioning. While the spike signalled aggressive buying interest, the inability to reclaim higher levels suggests profit-booking and a wait-and-watch stance among traders. Overall, the recent trajectory reflects continued underlying volatility, though near-term price action has shifted into a consolidation phase unless new domestic or global triggers emerge.

Outlook

Silver prices in India continue to trade within a volatile range in the latter half of February. After surging to ₹300 per gram on February 23 - marking a strong breakout - the rally quickly reversed.

On February 24, prices corrected to ₹285 per gram, reflecting a ₹15,000 per kg decline from the recent peak. Since then, silver has remained unchanged at ₹285 per gram on February 25, February 26, and February 27, indicating four consecutive sessions of consolidation following the pullback.

The sharp spike to ₹300 followed by a sustained sideways phase highlights cautious market positioning. While aggressive buying briefly drove prices higher, the inability to regain upward momentum suggests profit-booking and a wait-and-watch approach among traders. The current stability signals short-term consolidation, though broader volatility remains evident.

Conclusion

As of February 27, silver prices stand at ₹285 per gram, or ₹2,85,000 per kg in most major markets. Retail rates are ₹2,850 per 10 grams across Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad.

Hyderabad and Kerala are quoting higher at ₹2,950 per 10 grams (₹2,95,000 per kg), reflecting regional price variations.

The earlier surge to ₹300 per gram followed by a correction and multiple sessions of stability underscores the fragile and reactive nature of the market. While prices have stabilised around ₹285 levels, silver continues to operate in a volatile environment, with near-term direction likely to depend on global commodity cues, currency movements, and domestic demand trends.