Hyderabad Silver Price Jumps Rs 15,000 in a Day, Reaches Rs 3 Lakh Mark

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News18•10-02-2026, 04:34
Hyderabad Silver Price Jumps Rs 15,000 in a Day, Reaches Rs 3 Lakh Mark
- •Silver prices in Hyderabad surged by Rs 15,000 per kilogram on Monday, February 9, 2026, reaching Rs 3,00,000.
- •The sudden increase is attributed to changes in the international market, including global demand and a weakening US dollar.
- •Increased industrial demand for silver in solar panels, EVs, and semiconductors is a key factor.
- •Local demand due to the wedding season and 'dip buying' by investors also contributed to the price hike.
- •Analysts predict further volatility and potential price increases to Rs 3.5-4 lakh if international prices hit $100/ounce.
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