Silver Prices Hold Steady on Feb 27; Rates Hover Near ₹2.85 Lakh/kg Amid Global Uncertainty
Silver prices remained largely unchanged on Friday morning, showing only marginal movement despite recent volatility in global precious metal markets. As of early trading on February 27, the domestic silver rate was hovering around ₹2,85,000 per kilogram, indicating a flat trend compared with the previous session.
Silver Trades Stable After Recent Rally
In recent weeks, silver has witnessed notable upward momentum, supported by global economic uncertainty and shifting investor sentiment. Market analysts attribute this stability to cautious trading ahead of key global cues. The international spot price of silver stood near $87.28 per ounce, reflecting steady demand even after earlier gains.
Earlier this year, silver prices briefly surged past the ₹4 lakh per kilogram mark in January, demonstrating how rapidly the metal can react to macroeconomic triggers. Though prices have cooled since that spike, they continue to hold at elevated levels compared to historical averages.
Why Precious Metals Are Holding Firm
One of the major drivers behind silver’s recent strength has been uncertainty surrounding global trade tariffs and economic policies. When geopolitical or financial instability rises, investors often shift funds into traditional safe-haven assets such as gold and silver. This defensive investment pattern tends to support prices even when broader markets fluctuate.
Market participants are also closely monitoring developments from the U.S. Federal Reserve, particularly the minutes of its latest policy meeting. Interest rate signals from the central bank can strongly influence commodity markets. Lower rate expectations typically support precious metals because they reduce the opportunity cost of holding non-yielding assets like silver.
According to a recent report by Augmont, silver recently touched a three-week high. Analysts suggest that if bullish momentum continues, international prices could move toward the $90–$92 per ounce range in the near term.
City-Wise Silver Rates in India (Feb 27)
Below are the approximate retail silver prices across major Indian cities:
| City | Price per kg (₹) |
|---|---|
| Delhi | 2,85,000 |
| Mumbai | 2,85,000 |
| Ahmedabad | 2,85,000 |
| Chennai | 2,95,000 |
| Kolkata | 2,85,000 |
| Hyderabad | 2,85,000 |
| Jaipur | 2,85,000 |
| Bhopal | 2,85,000 |
| Lucknow | 2,85,000 |
| Chandigarh | 2,85,000 |
Note: Prices may vary slightly depending on local taxes, dealer premiums, and market fluctuations.
Market Outlook
Experts believe silver’s trajectory in the coming weeks will depend largely on international economic indicators, currency movements, and interest-rate expectations. Continued global uncertainty or dovish monetary signals could provide fresh support to prices. On the other hand, stronger economic data or rate-hike signals may limit further gains.
For investors, analysts recommend monitoring macroeconomic developments rather than reacting to daily price swings. While short-term fluctuations are common in commodity markets, long-term trends are usually shaped by broader economic cycles.
