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Current Trends in Silver Prices: Fluctuations and Market Insights

Silver prices are currently experiencing fluctuations influenced by various economic and industrial factors. As of February 28, the price for 1 kg of silver is Rs 2,74,525, while 1 gram is Rs 275. This article provides insights into the current rates across major Indian cities and discusses the factors driving these price changes, including demand from various sectors and geopolitical uncertainties. Stay informed about the latest trends in the silver market and how they may impact your investments.
By Narendra Chaudhary Feb 28, 2026, 00:10 IST

Today's Silver Rates

Current Silver Prices: Silver prices have been fluctuating recently, influenced by changing dynamics in both local and global markets. As of Saturday, February 28, the cost for 1 kg of silver was recorded at Rs 2,74,525, while 1 gram was priced at Rs 275. On the Multi Commodity Exchange (MCX), silver futures concluded at Rs 274,389, marking a decrease of Rs 609 or 0.22% on Friday. According to Goodreturns, silver prices in India on Saturday are Rs 285 per gram and Rs 2,85,000 per kilogram.


Silver Prices in Major Indian Cities

Silver Rates Across Key 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


Factors Influencing Global Silver Prices

What Drives Silver Price Fluctuations?

Silver prices are influenced by a combination of economic and industrial factors globally. High demand from sectors such as electronics, renewable energy, and manufacturing can lead to price increases, while downturns in these areas may cause prices to drop. Additionally, geopolitical tensions and currency value changes contribute to market volatility. A stronger US dollar typically exerts downward pressure on silver prices. Conversely, during times of economic uncertainty or negative market trends, investors often seek silver as a safe investment, which can result in price hikes.

(Data sourced from All India Bullion and will be updated regularly.)