On February 23, 2026, silver prices in India surged by 5.33%, touching nearly ₹3 lakh per kilogram. The rally was driven by strong global demand and safe-haven buying amid geopolitical uncertainty. Prices rose across major cities including Mumbai, Bengaluru, Hyderabad, Delhi, and Ahmedabad, reflecting heightened investor interest in bullion.
Silver prices witnessed a sharp rally on February 23, 2026, climbing 5.33% compared to the previous close. The surge was attributed to renewed global demand, with investors turning to precious metals amid tariff tensions and geopolitical risks.
In India, silver touched ₹266 per gram and approached ₹3 lakh per kilogram, marking one of the strongest rallies in recent months. The upswing was visible across major metros, underscoring silver’s role as both an industrial commodity and a safe-haven asset.
Key Highlights
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Price Surge: Silver up by 5.33% on February 23.
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Rates: Around ₹266 per gram; ~₹3 lakh per kg.
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Cities Covered: Mumbai, Bengaluru, Hyderabad, Delhi, Ahmedabad.
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Global Drivers: Safe-haven demand amid trade and geopolitical uncertainty.
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Investor Impact: Renewed interest in bullion as a hedge.
Analysts suggest that silver’s dual demand from industrial sectors like electronics and solar energy and from investors seeking stability will continue to drive volatility in the near term.
Sources: Financial Express; ABP Live Business; 5paisa Markets