Silver Rate In India Gets Relief After Falling For 2-Days Straight; Silver Price At Rs 2.85 Lakh In Top Cities

Silver rates in India took a much-needed breather on Saturday, after falling by Rs 45,000 in the past two consecutive days. On February 7th, 1Kg silver climbed by Rs 10,000. In cities like Chennai, Hyderabad, Mumbai, Kolkata, Bengaluru and others, silver is now at Rs 2.85 lakh. At MCX, if silver breaks out above Rs 2.60 lakh, fresh upside to over Rs 2.90 lakh is predicted, which could further lead to structural support in precious metals.

Silver Rates In India:

1Kg silver price surged by Rs 10,000 to Rs 2.85 lakh in India. This price level is in all cities including Chennai, Hyderabad, Kerala, Mumbai, Bengaluru, Delhi, Kolkata, Pune, and Ahmedabad.

Meanwhile, 100 grams and 10 grams silver prices zoomed by Rs 1,000 and Rs 100 to Rs 28,500 and Rs 2,850 respectively. Further, 8 grams silver is up by Rs 80 to Rs 2,280 and 1 gram silver inched up by Rs 10 to Rs 285.

MCX Silver Price:

Yesterday, MCX silver with March 2026 expiry, ended at Rs 2,40,537 per 1Kg, down by Rs 3,278 or 1.34% after hitting an intraday low of Rs 2,29,187 per 1Kg. This silver future is down by over 45.4% from its peak of Rs 4,20,048 per 1Kg which was recorded last week.

Spot Silver Price:

Silver extended its rebound toward the $78 per ounce mark on Friday, halting the selloff that started late January as markets gauged solid fundamentals for the metal against overdone speculative positions that triggered unprecedented volatility for the asset. Despite the rebound, silver prices erased all of this year's gain days after reaching a record of $121 on January 29th, after a wave of selling triggered higher margin requirements and magnified liquidation. Catalysts for the plunge also included the nomination of Kevin Warsh for the next Fed Chairman, who previously displayed strong views against a large Fed balance sheet, as per Trading Economics.

Silver Prices In India Prediction:

As per Ponmudi R, CEO of Enrich Money, here's how silver rates in India and globally will perform next week:

Comex Silver Price Outlook:

Silver remains volatile after correcting from highs above $120 but is stabilizing within the $71-$80 demand zone. A hammer formation near $64 aligns with the long-term 100-day EMA, reinforcing structural support. Silver's dual monetary and industrial role continues to support a constructive outlook. A decisive move above $80-$85 would significantly strengthen recovery prospects toward $100-$105.

MCX Silver Price Outlook:

MCX Silver corrected into the Rs 2,30,000-Rs 2,35,000 support region - historically associated with strong physical and industrial buying. Current price action suggests absorption rather than aggressive distribution. A decisive breakout above Rs 2,60,000 could act as a trigger for fresh upside toward Rs 2,75,000-Rs 2,90,000+.

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