Hyderabad Silver Rebounds to ₹2,65,000 per Kilogram after Jackson Hole Sell-Off

Silver in Hyderabad's Laad Bazaar rebounded to ₹2,65,000 per kilogram on August 31, just five rupees above the Delhi benchmark. This recovery came after a two-day sell-off triggered by Federal Reserve chair comments at the Jackson Hole symposium, which strengthened the dollar and compressed silver's COMEX futures contract.

The MCX silver September contract fell from ₹2,65,000 per kilogram on August 22 to ₹2,47,000 on August 28. Hyderabad's physical rate bottomed at ₹2,42,000 per kilogram on August 29, following the MCX move.

This drop was the steepest silver had moved in three months, as reflected in silver prices across India today. The Silver Institute's World Silver Survey 2026 documented a sixth consecutive annual supply deficit, driven by industrial demand from AI data centre construction, solar panel manufacturing, and EV battery systems.