Silver Rate Today: Silver rates have been experiencing steady ups and downs, driven by evolving trends in both domestic and international markets. On Saturday, February 28, the price of 1 kg silver stood at Rs 2,74,525, and the price of 1 gm silver stood at Rs 275. On the Multi Commodity Exchange (MCX), silver futures closed at Rs 274,389, declining by Rs 609 or 0.22 per cent on Friday
According to the data from Goodreturns, on Saturday, silver prices in India are Rs 285 per gram and Rs 2,85,000 per kilogram.
Silver Rate Across Major Cities
City
10 gram
100 gram
1 Kg
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
What’s Behind Silver’s Global Price Swings?
Silver prices tend to move in response to a mix of economic and industrial forces around the world. Strong demand from sectors like electronics, renewable energy, and manufacturing can push prices higher, while slowdowns in these industries may pull them back.
On top of that, geopolitical uncertainty and currency fluctuations often add to the volatility. When the US dollar strengthens, silver prices usually face downward pressure. But during periods of weak economic data or broader market anxiety, investors often turn to silver as a safe haven, which can drive prices up.
(The data have been taken from the All India Bullion and will be updated frequently.)
