Silver Price Today, 17 February 2026: Delhi’s silver prices fell to yet another all-time low for the year on Tuesday, continuing their disastrous decline. With prices currently trading at levels that have erased all gains from January’s historic rise and more, the metal’s decline shows no signs of abating.
Silver Price Today (17 February, 2026)
- 1g Silver: ₹268 per gram (-₹7)
- 10g Silver: ₹2,680 for 10g
- 1 Kg Silver: ₹2,68,000 per kg (-₹7,000)
- These rates, which reflect global spot prices adjusted for the rupee, do not include GST or taxes. A reduction of more than 2.5% in a single session is represented by the steep drop of ₹7,000 per kg.
Silver Rate Today (17 February, 2026): Unrelenting Carnage Continues
- Hit ₹3,50,000/kg on Feb 1 amid Middle East tensions.
- Initial plunge to ₹2,75,000/kg by Feb 6 on aggressive profit-booking.
- Brief recovery to ₹2,95,000/kg proved completely ephemeral.
- Current price of ₹2,68,000/kg represents a staggering new low, more than ₹7,000 below the previous floor.
- Net monthly drop now stands at -23.43% from the February 1 peak of ₹3.50 lakh.
- From the January all-time high of ₹4.10 lakh, silver has crashed nearly 35%.
Silver Price Today: MCX Gold and Silver Prices (17 February, 2026)
- MCX Silver (Feb 2026) futures: Trading at deeply distressed levels near ₹2,52,000 per kg, reflecting complete futures market capitulation.
- MCX Gold (Feb 2026) futures: Also under pressure, trading near ₹1,56,590 per 10g, down over ₹1,300.
The gold-silver ratio has exploded to historic highs above 90:1, indicating extreme silver undervaluation on paper.
Silver Prices in Mumbai
- 10g: ₹2,680
- 100g: ₹26,800
- 1kg: ₹2,68,000
The wholesale hub is witnessing panic-like conditions with buyers completely absent.
Silver Rate Today in Delhi
- 10g: ₹2,680
- 100g: ₹26,800
- 1kg: ₹2,68,000
The capital city saw another sharp ₹7 per gram decline, extending the losing streak.
Silver Prices in Kolkata
- 10g: ₹2,680
- 100g: ₹26,800
- 1kg: ₹2,68,000
Aligns with pan-India crash; restocking activity remains non-existent.
Silver Rate in Bengaluru
- 10g: ₹2,680
- 100g: ₹26,800
- 1kg: ₹2,68,000
Industrial demand completely overwhelmed by the selling tsunami.
Silver Prices in Chennai
- 10g: ₹2,680
- 100g: ₹26,800
- 1kg: ₹2,68,000
The southern hub’s traditional premium has not only eroded but reversed; rates now at par with national average.
Silver Price City-Wise (₹/kg)
| City | 10g (₹) | 100g (₹) | 1kg (₹) |
|---|---|---|---|
| Chennai | 2,680 | 26,800 | 2,68,000 |
| Mumbai | 2,680 | 26,800 | 2,68,000 |
| Delhi | 2,680 | 26,800 | 2,68,000 |
| Kolkata | 2,680 | 26,800 | 2,68,000 |
| Bengaluru | 2,680 | 26,800 | 2,68,000 |
| Hyderabad | 2,680 | 26,800 | 2,68,000 |
| Kerala | 2,680 | 26,800 | 2,68,000 |
| Pune | 2,680 | 26,800 | 2,68,000 |
| Ahmedabad | 2,680 | 26,800 | 2,68,000 |
Silver Rate in India for Last 10 Days (10g)
| Date | 10g (₹) | 1kg (₹) |
|---|---|---|
| 17 Feb, 2026 | 2,680 | 2,68,000 |
| 16 Feb, 2026 | 2,749 | 2,74,900 |
| 15 Feb, 2026 | 2,750 | 2,75,000 |
| 14 Feb, 2026 | 2,750 | 2,75,000 |
| 13 Feb, 2026 | 2,800 | 2,80,000 |
| 12 Feb, 2026 | 2,950 | 2,95,000 |
| 11 Feb, 2026 | 2,900 | 2,90,000 |
| 10 Feb, 2026 | 2,900 | 2,90,000 |
| 09 Feb, 2026 | 3,000 | 3,00,000 |
| 08 Feb, 2026 | 2,850 | 2,85,000 |
Silver Price Movement in February 2026
| Metric | Rate (₹/kg) |
|---|---|
| 1 February Opening | 3,50,000 |
| 17 February Closing | 2,68,000 |
| Highest Peak | 3,50,000 (1 Feb) |
| Lowest Point | 2,68,000 (17 Feb) |
| Monthly % Change | -23.43% |
| Performance | Unrelenting crash |
Silver Price Movement in January 2026
| Metric | Rate (₹/kg) |
|---|---|
| 1 January Opening | 2,38,000 |
| 31 January Closing | 3,50,000 |
| Highest Peak | 4,10,000 (29 Jan) |
| Lowest Point | 2,38,000 (1 Jan) |
| Monthly % Change | +47.06% |
| Performance | Rising sharply |
Top Online Platforms to Buy Silver in India (2026)
Digital Gold & Silver Apps: PhonePe (MMTC-PAMP, SafeGold), Google Pay, Paytm, OroPocket (₹1 entry, Bitcoin rewards).
Jewellery Brand Platforms: Tanishq, CaratLane, Kalyan Jewellers Candere (silver coins, bars, utensils).
Physical Bullion Platforms: MMTC-PAMP (999.9 purity silver bars/coins), Augmont, Motilal Oswal.
Why Is Silver in Freefall?
Silver’s disastrous 23.4% drop from its February 1 high marks a total market collapse. Following January’s exuberant 47% increase, aggressive profit-booking remained the key driver. This has been exacerbated by a toxic confluence of variables, including a hawkish Federal Reserve strengthening the US dollar, margin hikes pressuring leveraged traders into panic liquidation, and the utter disappearance of retail and industrial buying enthusiasm. The collapse of successive support levels—₹3 lakh, ₹2.90 lakh, ₹2.80 lakh, and now ₹2.70 lakh—triggered cascading stop-loss selling, producing a self-sustaining downward cycle. The market is showing classic capitulation traits.
Where Is the Bottom?
With every technical support level shattered, silver is in uncharted territory. The next psychological levels are ₹2.60 lakh, followed by ₹2.50 lakh. Below that, the January opening level of ₹2.38 lakh looms. Fundamental supports have completely failed—Chennai’s premium is gone, industrial buyers are sidelined, and even dip-buyers who attempted to catch the fall at ₹2.90 lakh and ₹2.80 lakh have been crushed. A bottom may only form when either selling exhausts itself (look for unusually high volumes on a day that closes flat or higher) or a powerful fundamental catalyst emerges, such as a sharp US Dollar reversal or dramatic industrial demand news.
Is This a Buying Opportunity or a Value Trap?
For long-term investors, silver’s 35% crash from the January peak presents an extreme version of the “falling knife” dilemma. While industrial demand drivers—solar, EVs, 5G—remain structurally intact for the decade, sentiment-driven sell-offs of this magnitude can persist longer and go deeper than any fundamentals would suggest. “Catching a falling knife” is extremely dangerous—prices that look historically cheap today could become significantly cheaper tomorrow. Analysts unanimously recommend extreme caution. If accumulating, use only a tiny portion of capital and employ a ultra-gradual SIP approach—tiny amounts at regular, wide intervals. Trying to time a bottom in this environment is extraordinarily risky.
