Silver continues to see price swings as the metal remains highly sensitive to global cues, currency movements and investor sentiment, keeping traders on edge. On Thursday, February 26, the price of 1 kg of silver stood at Rs 2,71,923, and for 1 gm the price stood at Rs 271. On the Multi Commodity Exchange (MCX), silver futures closed at Rs 2,68,196 on Wednesday, February 26 25.
According to Goodreturns data, the silver price reached Rs 285 per gram and Rs 2,85,000 per kilogram on Thursday, February 26. The metal had previously touched an all-time high of Rs 4,10,100 per kg on January 29.
Silver Rates Across Major Cities
City
10 Gram (Rs)
100 Gram (Rs)
1 Kg (Rs)
Chennai
Rs 2,950
Rs 29,500
Rs 2,95,000
Mumbai
Rs 2,850
Rs 28,500
Rs 2,85,000
Delhi
Rs 2,850
Rs 28,500
Rs 2,85,000
Kolkata
Rs 2,850
Rs 28,500
Rs 2,85,000
Bangalore
Rs 2,850
Rs 28,500
Rs 2,85,000
Hyderabad
Rs 2,950
Rs 29,500
Rs 2,95,000
Kerala
Rs 2,950
Rs 29,500
Rs 2,95,000
Pune
Rs 2,850
Rs 28,500
Rs 2,85,000
Vadodara
Rs 2,850
Rs 28,500
Rs 2,85,000
Ahmedabad
Rs 2,850
Rs 28,500
Rs 2,85,000
Jaipur
Rs 2,850
Rs 28,500
Rs 2,85,000
Lucknow
Rs 2,850
Rs 28,500
Rs 2,85,000
Coimbatore
Rs 2,950
Rs 29,500
Rs 2,95,000
Madurai
Rs 2,950
Rs 29,500
Rs 2,95,000
Vijayawada
Rs 2,950
Rs 29,500
Rs 2,95,000
Patna
Rs 2,850
Rs 28,500
Rs 2,85,000
Nagpur
Rs 2,850
Rs 28,500
Rs 2,85,000
Chandigarh
Rs 2,850
Rs 28,500
Rs 2,85,000
Surat
Rs 2,850
Rs 28,500
Rs 2,85,000
Bhubaneswar
Rs 2,950
Rs 29,500
Rs 2,95,000
Mangalore
Rs 2,850
Rs 28,500
Rs 2,85,000
Visakhapatnam
Rs 2,950
Rs 29,500
Rs 2,95,000
Nashik
Rs 2,850
Rs 28,500
Rs 2,85,000
Mysore
Rs 2,850
Rs 28,500
Rs 2,85,000
Salem
Rs 2,950
Rs 29,500
Rs 2,95,000
Rajkot
Rs 2,850
Rs 28,500
Rs 2,85,000
Trichy
Rs 2,950
Rs 29,500
Rs 2,95,000
Ayodhya
Rs 2,850
Rs 28,500
Rs 2,85,000
Cuttack
Rs 2,950
Rs 29,500
Rs 2,95,000
Davanagere
Rs 2,850
Rs 28,500
Rs 2,85,000
What’s Driving Silver’s Global Volatility?
Several macroeconomic and industrial factors shape silver’s trajectory worldwide. Demand from electronics, renewable energy and manufacturing industries plays a crucial role. In addition, geopolitical tensions and shifts in currency values often amplify price movements.
A stronger US dollar typically weighs on silver prices, while weaker economic data or risk-off sentiment can boost safe-haven demand. Market participants also closely monitor central bank commentary and interest rate expectations, as these factors directly affect bullion markets.
