Silver Price Today, 7 February 2026: Silver prices in India plunged on Friday, recording one of the steepest single-day falls in the recent crash as the market broke through key support levels. The sell-off continued significantly, shattering the tentative stability observed earlier in the week and pushing prices to a new monthly low.
Silver Price Today (7 February, 2026)
- 1 gram: ₹275
- 8 grams: ₹2,200
- 10 grams: ₹2,750
- 100 grams: ₹27,500
- 1 kg: ₹2,75,000
- The retail price collapsed by ₹25,000 per kg, a sharp drop of 8.3% from yesterday’s close.
- MCX Silver (Feb 2026) futures likely mirrored the crash, with prices expected to trade significantly lower, potentially testing new support near ₹2,55,000 per kg.
Silver Rate Today: Market Enters Freefall Again
- The price has now given up all gains from the brief recovery earlier this week and fallen to its lowest level since the crash began.
- Today’s severe drop indicates a complete breakdown of market confidence and a fresh wave of panic selling.
- The break below the ₹2.80 lakh per kg support level has opened the door for a test of the ₹2.50 lakh mark.
- The gap between physical and distressed futures prices may have narrowed as the crash became widespread.
Silver Price Today: MCX Gold & Silver Prices in India
- MCX Silver Futures (Feb 2026): Trading sharply lower, expected near ₹2,55,000 per kg.
- MCX Gold Futures (Feb 2026): At ₹1,53,710 per 10g, also under pressure but showing relative resilience.
The gold-to-silver ratio rose further as silver’s underperformance worsened.
Silver Prices in Mumbai
- 10 grams: ₹2,750
- 100 grams: ₹27,500
- 1 kg: ₹2,75,000
The financial capital saw a severe decline of ₹25 per gram.
Silver Rate Today in Delhi
- 10 grams: ₹2,750
- 100 grams: ₹27,500
- 1 kg: ₹2,75,000
The capital city led the losses, with prices falling sharply.
Silver Prices in Kolkata
- 10 grams: ₹2,750
- 100 grams: ₹27,500
- 1 kg: ₹2,75,000
The drop was uniform, reflecting a market-wide liquidation.
Silver Rate in Bengaluru
- 10 grams: ₹2,750
- 100 grams: ₹27,500
- 1 kg: ₹2,75,000
Retail investors faced significant mark-to-market losses.
Silver Prices in Chennai
- 10 grams: ₹2,750
- 100 grams: ₹27,500
- 1 kg: ₹2,75,000
The southern hub was not spared, with its traditional premium completely erased.
Silver Price City-wise (₹/kg)
| City | 10 grams | 100 grams | 1 kg |
|---|---|---|---|
| Chennai | ₹2,750 | ₹27,500 | ₹2,75,000 |
| Mumbai | ₹2,750 | ₹27,500 | ₹2,75,000 |
| Delhi | ₹2,750 | ₹27,500 | ₹2,75,000 |
| Kolkata | ₹2,750 | ₹27,500 | ₹2,75,000 |
| Bengaluru | ₹2,750 | ₹27,500 | ₹2,75,000 |
| Hyderabad | ₹2,750 | ₹27,500 | ₹2,75,000 |
| Kochi | ₹2,750 | ₹27,500 | ₹2,75,000 |
| Pune | ₹2,750 | ₹27,500 | ₹2,75,000 |
| Ahmedabad | ₹2,750 | ₹27,500 | ₹2,75,000 |
Silver Rate in India for Last 10 Days
| Date | 10 grams | 100 grams | 1 kg |
|---|---|---|---|
| 07 Feb, 2026 | ₹2,750 | ₹27,500 | ₹2,75,000 |
| 06 Feb, 2026 | ₹2,999 | ₹29,990 | ₹2,99,900 |
| 05 Feb, 2026 | ₹3,000 | ₹30,000 | ₹3,00,000 |
| 04 Feb, 2026 | ₹3,200 | ₹32,000 | ₹3,20,000 |
| 03 Feb, 2026 | ₹2,800 | ₹28,000 | ₹2,80,000 |
| 02 Feb, 2026 | ₹3,000 | ₹30,000 | ₹3,00,000 |
| 01 Feb, 2026 | ₹3,500 | ₹35,000 | ₹3,50,000 |
| 31 Jan, 2026 | ₹3,500 | ₹35,000 | ₹3,50,000 |
| 30 Jan, 2026 | ₹3,950 | ₹39,500 | ₹3,95,000 |
| 29 Jan, 2026 | ₹4,100 | ₹41,000 | ₹4,10,000 |
Silver Price Movement in February 2026
| Silver Rates | 1 Kg |
|---|---|
| 1 February rate | ₹3,50,000 |
| 06 February rate | ₹2,75,000 |
| Highest rate in February | ₹3,50,000 on February 1 |
| Lowest rate in February | ₹2,75,000 on February 6 |
| Overall performance | Falling |
| % Change | -21.43% |
Silver Carnage Continues as Support Levels Shatter
The silver market witnessed a bloodbath as critical technical support at ₹2.99 lakh and then ₹2.80 lakh per kg gave way under intense selling pressure. The collapse likely triggered a cascade of stop-loss orders and forced margin-call liquidations, creating a self-feeding downward spiral. The velocity of the drop suggests that whatever buying interest existed earlier in the week has completely evaporated, leaving the market with no bid-side support.
Is There a Bottom in Sight?
The ferocity of today’s decline raises alarming questions about where the selling will end. With key support levels broken, technical analysts see little in the way of strong historical support until the ₹2.50 lakh per kg area. The market psychology has turned deeply bearish, and attempts to catch a “falling knife” are being punished severely. For a sustainable bottom to form, the market must witness either a large capitulation event with extraordinarily heavy volumes or a fundamental shift in the macro narrative that restores investor trust. Until then, the route of least resistance is solidly down.
