Silver prices declined on Tuesday in futures trade, mirroring weakness in global bullion markets. The fall comes amid renewed uncertainty over US tariff measures and profit booking after recent gains.
In the international arena, Comex silver also faced pressure alongside gold as investors remained cautious ahead of key US economic data and ongoing trade developments. This pullback follows a four-session rally driven by trade policy concerns and geopolitical tensions in the Middle East.
Market experts noted that bullion prices were under pressure as traders locked in profits and the US dollar strengthened. Adding to market uncertainty, President Donald Trump announced a fresh 10% tariff, effective Tuesday, with the possibility of increasing it to 15%, after the US Supreme Court blocked several earlier levies.
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Despite the short-term correction, precious metals continue to attract hedging demand, according to Kotak Securities. However, volatility is expected to persist as investors await updates on US confidence and manufacturing index data.
Silver Prices Across Major Indian Cities (Feb 24, 2026)
- Delhi: Rs 285 per gram | Rs 285,000 per kg
- Chennai: Rs 290 per gram | Rs 290,000 per kg
- Bengaluru: Rs 285 per gram | Rs 285,000 per kg
- Mumbai: Rs 285 per gram | Rs 285,000 per kg
- Pune: Rs 285 per gram | Rs 285,000 per kg
- Kolkata: Rs 285 per gram | Rs 285,000 per kg
Investors are advised to monitor global cues and US trade policies, as these continue to influence silver prices in India and across the world.