Home > Business > Silver Price Today [28 February, 2026]: MCX Silver Holds Steady at ₹2.85 Lakh/kg on Month-End; Check City-Wise Rates in Chennai, Delhi, Mumbai, Kolkata & More

Silver Price Today [28 February, 2026]: MCX Silver Holds Steady at ₹2.85 Lakh/kg on Month-End; Check City-Wise Rates in Chennai, Delhi, Mumbai, Kolkata & More

Silver Price Today, 28 February 2026: Silver prices in Delhi hold steady at ₹2.85 lakh/kg on month-end. February review: from ₹2.55L low to spectacular recovery. Check city-wise rates in Chennai, Mumbai, Delhi & more. MCX Silver analysis.

By: Prakriti Parul
Last Updated: February 28, 2026 04:51:53 IST

Silver Price Today, 28 February 2026: Delhi’s silver prices held constant on Saturday, the last trading day of February. With a remarkable comeback from mid-month lows that greatly reduced its monthly losses, the precious metal ends the month on a stable note.

Silver Price Today (28 February, 2026)

  • 1g Silver: ₹285 per gram (0 change)
  • 10g Silver: ₹2,850 for 10g
  • 1 Kg Silver: ₹2,85,000 per kg (0 change)

These rates exclude GST and levies, tracking global spot prices adjusted for the rupee. The steady prices mark the fourth consecutive session of consolidation after the sharp recovery from the February low.

Silver Rate Today (28 February, 2026): Month-End Steady

  • Hit ₹3,50,000/kg on Feb 1 amid Middle East tensions.
  • Plunged to a multi-month low of ₹2,55,000/kg by Feb 18 on relentless selling.
  • Spectacular rally to ₹3,00,000/kg by Feb 23, gaining ₹45,000 per kg in just six days.
  • Current consolidation at ₹2,85,000/kg represents the fourth day of steady prices.
  • Net monthly drop stands at -18.57% from the February 1 peak of ₹3.50 lakh.
  • From the January all-time high of ₹4.10 lakh, silver remains down nearly 30.5%.

Today Silver Price Per Gram/Kg in Delhi (INR)

Gram Today Yesterday Change
1 ₹285 ₹285 0
8 ₹2,280 ₹2,280 0
10 ₹2,850 ₹2,850 0
100 ₹28,500 ₹28,500 0
1000 ₹2,85,000 ₹2,85,000 0

Silver Price Today: MCX Gold and Silver Prices (28 February, 2026)

  • MCX Silver (Feb 2026) futures: Trading steady near ₹2,79,000 per kg, reflecting the extended consolidation phase.
  • MCX Gold (Feb 2026) futures: Modestly lower near ₹1,61,720 per 10g on month-end profit-taking.

Both precious metals are in a pause mode as February trading concludes.

Silver Prices in Mumbai

  • 10g: ₹2,850
  • 100g: ₹28,500
  • 1kg: ₹2,85,000

The wholesale hub saw steady prices as the market remains in consolidation mode.

Silver Rate Today in Delhi

  • 10g: ₹2,850
  • 100g: ₹28,500
  • 1kg: ₹2,85,000

The capital city recorded unchanged prices for the fourth straight session.

Silver Prices in Kolkata

  • 10g: ₹2,850
  • 100g: ₹28,500
  • 1kg: ₹2,85,000

Aligns with pan-India trend; market remains in a wait-and-watch mode.

Silver Rate in Bengaluru

  • 10g: ₹2,850
  • 100g: ₹28,500
  • 1kg: ₹2,85,000

Industrial demand remains steady, providing underlying support.

Silver Prices in Chennai

  • 10g: ₹2,850
  • 100g: ₹28,500
  • 1kg: ₹2,85,000

The southern hub’s traditional premium remains compressed; rates at par with national average.

Silver Price City-Wise (₹/kg)

City 10g (₹) 100g (₹) 1kg (₹)
Chennai 2,850 28,500 2,85,000
Mumbai 2,850 28,500 2,85,000
Delhi 2,850 28,500 2,85,000
Kolkata 2,850 28,500 2,85,000
Bengaluru 2,850 28,500 2,85,000
Hyderabad 2,850 28,500 2,85,000
Kerala 2,850 28,500 2,85,000
Pune 2,850 28,500 2,85,000
Ahmedabad 2,850 28,500 2,85,000

Silver Rate in Delhi for Last 10 Days

Date 10 gram 100 gram 1 Kg
28 Feb, 2026 ₹2,850 ₹28,500 ₹2,85,000
27 Feb, 2026 ₹2,850 ₹28,500 ₹2,85,000
26 Feb, 2026 ₹2,850 ₹28,500 ₹2,85,000
25 Feb, 2026 ₹2,850 ₹28,500 ₹2,85,000
24 Feb, 2026 ₹2,850 ₹28,500 ₹2,85,000
23 Feb, 2026 ₹3,000 ₹30,000 ₹3,00,000
22 Feb, 2026 ₹2,750 ₹27,500 ₹2,75,000
21 Feb, 2026 ₹2,750 ₹27,500 ₹2,75,000
20 Feb, 2026 ₹2,700 ₹27,000 ₹2,70,000
19 Feb, 2026 ₹2,700 ₹27,000 ₹2,70,000

Silver Price Movement in Delhi, February 2026

Metric Rate (₹/kg)
1 February Opening 3,50,000
28 February Closing 2,85,000
Highest Peak 3,50,000 (1 Feb)
Lowest Point 2,55,000 (18 Feb)
Monthly % Change -18.57%
Performance Consolidating after sharp recovery

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.

February in Review: A Month of Dramatic Recovery

February 2026 proved to be a month of intense volatility for silver, marked by a sharp sell-off followed by a dramatic recovery. After opening near ₹3.50 lakh per kg, prices plunged to a multi-month low of ₹2.55 lakh by February 18, reflecting a steep decline of nearly 27% within weeks. The fall was followed by a swift V-shaped rebound, with silver surging back to the ₹3.00 lakh level by February 23. Even with this robust rebound, the month ended with a net loss of around ₹65,000 per kilogram. However, silver’s tenacity and the appearance of considerable buying demand at deeply discounted levels were highlighted by the rapid comeback from the lows.

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