Silver prices in India moved higher on Wednesday, February 12, with rates rising across major cities. According to the latest data, silver is trading at Rs 295 per gram and Rs 2,95,000 per kilogram, up Rs 5 per gram and Rs 5,000 per kilogram compared to the previous session.
The uptick reflects firm trends in the international market along with domestic demand conditions.
Silver price in India today
As of February 12, the price of silver stands at:
- 1 gram: Rs 295 (up Rs 5)
- 10 grams: Rs 2,950 (up Rs 50)
- 100 grams: Rs 29,500 (up Rs 500)
- 1 kilogram: Rs 2,95,000 (up Rs 5,000)
Yesterday, silver was priced at Rs 290 per gram and Rs 2,90,000 per kilogram.
City-wise silver rates (per 10 gram / 1 kg)
Silver prices remain largely uniform across major cities, with slight variations in select locations:
- Chennai: Rs 3,000 / Rs 3,00,000
- Mumbai: Rs 2,950 / Rs 2,95,000
- Delhi: Rs 2,950 / Rs 2,95,000
- Kolkata: Rs 2,950 / Rs 2,95,000
- Bangalore: Rs 2,950 / Rs 2,95,000
- Hyderabad: Rs 3,000 / Rs 3,00,000
- Kerala: Rs 3,000 / Rs 3,00,000
- Pune: Rs 2,950 / Rs 2,95,000
- Ahmedabad: Rs 2,950 / Rs 2,95,000
- Vadodara: Rs 2,950 / Rs 2,95,000
What is driving silver prices?
Silver prices in India are influenced by global bullion trends, US dollar movement, industrial demand and currency fluctuations. Since silver has both investment and industrial uses, price volatility can be sharper compared to gold.
With global markets closely watching US economic data and interest rate expectations, precious metals are likely to remain sensitive to macroeconomic cues in the near term.