Silver Rates In India Crash 2nd Day In Row: 1Kg Silver Price Drops Below Rs 2.80 Lakh On February 14; Outlook

Silver rates in India dropped on February 14th, marking its second consecutive correction. 1Kg silver price erased Rs 2.80 lakh in majority of cities, as it fell by Rs 5,000 to hit Rs 2.75 lakh. But in cities like Chennai, Hyderabad, and Kerala, silver is still available at Rs 2.80 lakh as prices here are unchanged on Saturday.

Silver Rates In India:

1Kg silver price fell by Rs 5,000 on Saturday to Rs 2,75,000. While 100 grams and 10 grams silver rates dropped by Rs 500 and Rs 50 to Rs 27,500 and Rs 2,750. Additionally, 8 grams silver is down by Rs 40 to Rs 2,200 and 1 gram silver is lower by Rs 5 to Rs 275.

In the previous session, 1Kg silver was down by Rs 15,000. Accordingly, from February 13th to 14th, silver has crashed by Rs 20,000 in majority of cities.

Silver Rates In Top Cities:

In cities like Mumbai, Kolkata, Bengaluru, Delhi, Pune, Vadodara, and Ahmedabad, 1Kg silver is priced at Rs 2.75 lakh. But in case of Chennai, Hyderabad and Kerala, 1Kg silver is available at Rs 2.80 lakh.

City	10 Gram	100 Gram	1 Kg
Chennai	₹2,800	₹28,000	₹2,80,000
Mumbai	₹2,750	₹27,500	₹2,75,000
Delhi	₹2,750	₹27,500	₹2,75,000
Kolkata	₹2,750	₹27,500	₹2,75,000
Bangalore	₹2,750	₹27,500	₹2,75,000
Hyderabad	₹2,800	₹28,000	₹2,80,000
Kerala	₹2,800	₹28,000	₹2,80,000
Pune	₹2,750	₹27,500	₹2,75,000
Vadodara	₹2,750	₹27,500	₹2,75,000
Ahmedabad	₹2,750	₹27,500	₹2,75,000

Silver has extended its losses and is down by over 21.4% in February month so far.

Silver Rates In India Prediction:

According to Ponmudi R, CEO of Enrich Money, following are the predictions on silver rates in India and globally.

Spot Silver Price Outlook

COMEX Silver remains relatively more volatile than gold but is gradually stabilizing within the $71-$80 structural demand corridor. This region aligns with previous consolidation structures and channel support, strengthening its technical importance. While speculative flows have moderated, the structural industrial demand narrative remains intact.

Sustained trade above $85 would materially improve the probability of extension toward $90-$105 over the medium term. A failure below $71 may extend the consolidation phase but does not immediately invalidate the broader structural uptrend.

MCX Silver Price Outlook:

MCX Silver continues to build a durable base within the ₹2,33,000-₹2,35,000 structural support zone. Price action reflects gradual absorption, with downside momentum notably weaker compared to the prior week's volatility spike. Volatility compression at these levels signals accumulation rather than liquidation.

A decisive breakout above ₹2,65,000 would likely attract momentum participation, targeting ₹2,80,000+ in the medium term, supported by tightening global supply dynamics and steady industrial offtake.

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