Silver price today: Surges nearly 2% on MCX, key factors investors need to watch

• Silver prices on MCX rose 1.97 percent to Rs 2,77,509 per kg
• Global tariff uncertainty boosts safe-haven buying in silver
• Silver eyes next resistance at $90 and $92 per ounce

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Silver prices on MCX surged marginally on February 25, mirroring the international market amid global tariff uncertainty.

The domestic futures price of silver opened the Wednesday session on MCX higher at Rs 2,77,509 per kilogram, which is a 1.97 percent gain from the previous close. The spot price of silver was trading at $89.59 per ounce, up 2.32 percent.

Markets await the minutes of the Fed's January meeting decision for clearer signals on the future trajectory of interest rates, which may determine the next direction for precious metals.

The Indian Bullion Jewellers Association (IBJA) pegged the standard price of silver at Rs 2,62,912 per kilogram of 999 purity on their evening trade on February 24, down 0.44 percent from the previous close.

Here’s how the metal’s price has moved in the last three days.

Silver price outlook—what lies ahead?

The Augmont report, published on February 24, noted that silver rose to a three-week high, driven by renewed safe-haven buying. Investor sentiment turned cautious after US President Donald Trump responded sharply to a court ruling on global tariffs.

According to the report, silver has met its $85 (Rs 2,60,000) target and is now steadily moving toward the next resistance levels of $90 (Rs 2,70,000) and $92 (Rs 2,80,000).

City-wise silver prices in India today

Silver rates across India’s major cities showed remarkable uniformity, with only marginal differences due to local taxes, jeweller margins, and logistics costs.

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