Silver Rate Today Crashes On Valentine's Day: Check Prices in Bengaluru, Chennai. Mumbai, Hyderabad, on Feb 14

The White Metal on Valentine's Day crashed sharply despite the spike in demand for retail silver this week. Silver rate has fallen by Rs. 75,000 in the last 14 days of February.

The sharp crash has taken the bullion market by surprise, as silver has been outperforming expectations this year amid strong global cues and rising investment demand.

Silver prices in the international market extended gains at the end of the week's trading, with spot silver now above $77 per ounce after gaining more than 3%.

On the Multi Commodity Exchange, silver futures prices surged 3.62% before settling on Friday at Rs. 244,999 per kg.
According to a report by Nirmal Bang Securities, "Silver prices are expected to rise. Traders can buy from 238000 with a stop loss of 230000 for the target at 247000-252000. One can also sell from 255000 with a stop loss of 263000.

Silver Prices in Other Major Indian Cities

On Saturday, Feb 14, silver rates in India today fell by Rs. 5000 and are retailing at Rs. 275,000 per kg.

Chennai: After crashing by a big Rs. 20000 per kg yesterday, silver prices in Chennai today remained stable. So 1 kg of silver in Chennai costs Rs. 280,000.

Hyderabad: Similar to Chennai, silver prices in Hyderabad today observed no major movement and are standing at Rs. 280,000 after jumping by Rs. 12,000 per kg.

Bangalore: In contrast to the above two cities, the Bangalore silver prices today, on February 14, fell by Rs. 5000 per kg to cost Rs. 275,000.

Mumbai: Just like in Bangalore, the silver rate in Mumbai slipped by Rs. 5,000, bringing the prices to Rs. 275,000 per kg.

Latest Spot Silver Price

"Silver surged more than 3% to above $77.5 per ounce on Friday, clawing back part of Thursday's sharp selloff after softer-than-expected US inflation, though it remained on track for a third straight weekly decline. The prior drop stemmed from broad cross-asset liquidation, as investors sold precious metals alongside equities and cryptocurrencies to raise cash. Data showed annual inflation slowed to 2.4% in January, below forecasts, while core inflation eased to 2.5%, reinforcing expectations that the Federal Reserve will cut rates later this year despite strong jobs figures earlier in the week that had pushed the first move toward midyear" as per Trading Economics.

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