Mumbai, February 24: The silver rate in India witnessed a massive surge on Tuesday, February 24 jumping by INR 25,000 per kilogram to reclaim the crucial INR 3,00,000 level. This sharp 9% single-day rally marks a significant recovery for the industrial metal, which had been underperforming relative to gold’s recent climb. Scroll below to check silver prices in major Indian cities like Delhi, Mumbai, Chennai, Hyderabad, Bengaluru, Ahmedabad, Kolkata, Pune, Kerala, and Vadodara.

The recovery comes as a relief to investors after silver hit a multi-month low of INR 2.55 lakh just a week ago. Silver rates across major Indian cities have aligned at the INR 3 lakh mark today, following the aggressive upward movement in the bullion markets. While southern cities often carry a slight premium due to higher local demand and transportation costs, today's rally has standardised prices across most metropolitan hubs. Gold Rate Today, February 24, 2026: Check 22K & 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities.

City-Wise Silver Rates As of February 24

City Silver Price Today
Delhi INR 3,00,100
Mumbai INR 3,00,100
Chennai INR 3,00,100
Hyderabad INR 3,00,100
Bengaluru INR 3,00,100
Ahmedabad INR 3,00,100
Kolkata INR 3,00,100
Pune INR 3,00,100
Kerala INR 3,00,100
Vadodara INR 3,00,100

Silver Rate Today: Market Drivers

The primary catalyst for today’s "catch-up rally" is the spillover from gold’s bullish momentum and a sudden spike in safe-haven demand. Analysts attribute the volatility to renewed geopolitical tensions in West Asia and fresh uncertainty regarding global trade tariffs. Silver Rate Today, February 23, 2026: Check Latest Prices of White Metal in Delhi, Mumbai, Chennai, and Other Major Cities.

On the Multi Commodity Exchange (MCX), silver futures tracked the international spot prices, which surged toward the USD 85–USD90 per ounce zone. Industrial demand, particularly from the electronics and renewable energy sectors, also provided a firm floor for prices during this corrective phase.

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(The above story first appeared on LatestLY on Feb 24, 2026 08:13 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).