Silver Price Today, 04 February 2026: In India, the prices of silver have been very volatile in the last one month where silver is at 280 per gram and 2,80,000 per kilogram, showing a significant correction of January when it was 4,10,000 per kg. Demand in the world, fluctuation in currency and industrial utilization are the three forces that have forced this movement to make silver an interesting investment with gold.
Silver Price Today (4 February, 2026)
- Per gram: ₹280
- 10 grams: ₹2,800
- 100 grams: ₹28,000
- 1 kilogram: ₹2,80,000
- Prices have declined sharply from yesterday, down ₹20 per gram, following profit-booking and margin hikes on global exchanges.
Silver Rate Today: From Record Highs to Correction
- January 29: Highest price at ₹4,10,000 per kg
- January 1: Lowest price at ₹2,38,000 per kg
- Weekly difference (last week): dropped from ₹3,00,000 per kg to ₹2,80,000 per kg
- Correction triggered by CME increasing initial margins by 15%, reducing leveraged exposure
- Spot silver rose slightly today, recovering 8% to $82.74, showing tentative rebound
Silver Price Today: MCX Gold & Silver Prices in India
- MCX Gold Futures (Feb 2026): ₹1,53,930 per 10g
- MCX Silver Futures (Feb 2026): ₹2,80,000 per kg
- Gold remains highly volatile; silver shows more muted swings
- Gold continues as the preferred hedge, while silver remains an investment tied to industrial demand
Silver Prices in Mumbai
- 10 grams: ₹2,800
- 100 grams: ₹28,000
- 1 kilogram: ₹2,80,000
- Mumbai shows a minor drop of ₹20 per gram from yesterday
Silver Rate Today in Delhi
- 10 grams: ₹2,830
- 100 grams: ₹28,300
- 1 kilogram: ₹2,83,000
- Rate slightly higher than Mumbai, reflecting local demand
Silver Prices in Kolkata
- 10 grams: ₹2,800
- 100 grams: ₹28,000
- 1 kilogram: ₹2,80,000
- Consistent with national average rates
Silver Rate in Bengaluru
- 10 grams: ₹2,800
- 100 grams: ₹28,000
- 1 kilogram: ₹2,80,000
Silver Prices in Chennai
- 10 grams: ₹3,000
- 100 grams: ₹30,000
- 1 kilogram: ₹3,00,000
- Slightly higher than other metros due to regional premiums
Silver Price City-wise
|
City |
10g |
100g |
1Kg |
|
Chennai |
₹3,000 |
₹30,000 |
₹3,00,000 |
|
Mumbai |
₹2,800 |
₹28,000 |
₹2,80,000 |
|
Delhi |
₹2,830 |
₹28,300 |
₹2,83,000 |
|
Kolkata |
₹2,800 |
₹28,000 |
₹2,80,000 |
|
Bengaluru |
₹2,800 |
₹28,000 |
₹2,80,000 |
|
Hyderabad |
₹3,000 |
₹30,000 |
₹3,00,000 |
|
Kerala |
₹3,000 |
₹30,000 |
₹3,00,000 |
|
Pune |
₹2,800 |
₹28,000 |
₹2,80,000 |
|
Vadodara |
₹2,800 |
₹28,000 |
₹2,80,000 |
|
Ahmedabad |
₹2,800 |
₹28,000 |
₹2,80,000 |
Silver Rate in India for Last 10 Days
|
Date |
10g |
100g |
1Kg |
|
Feb 03 |
₹2,800 |
₹28,000 |
₹2,80,000 |
|
Feb 02 |
₹3,000 |
₹30,000 |
₹3,00,000 |
|
Feb 01 |
₹3,500 |
₹35,000 |
₹3,50,000 |
|
Jan 31 |
₹3,500 |
₹35,000 |
₹3,50,000 |
|
Jan 30 |
₹3,950 |
₹39,500 |
₹3,95,000 |
|
Jan 29 |
₹4,100 |
₹41,000 |
₹4,10,000 |
|
Jan 28 |
₹3,800 |
₹38,000 |
₹3,80,000 |
|
Jan 27 |
₹3,700 |
₹37,000 |
₹3,70,000 |
|
Jan 26 |
₹3,600 |
₹36,000 |
₹3,60,000 |
|
Jan 25 |
₹3,350 |
₹33,500 |
₹3,35,000 |
Silver Price Movement in January 2026
|
Date |
Price per Kg |
Trend |
|
1 Jan |
₹2,38,000 |
Lowest of the month |
|
29 Jan |
₹4,10,000 |
Highest of the month |
|
31 Jan |
₹3,50,000 |
End-of-month level |
|
% Change |
+47.06% |
Sharp rise over month |
Silver Beats Gold with 26% Returns in a Decade
- Over the last 10 years, silver delivered 26.1% CAGR, outperforming gold
- Limited supply and strong industrial demand have fueled higher returns
- Investors increasingly diversify into silver for portfolio hedging
Is a Silver Crash Coming?
- Recent sharp corrections sparked concerns among traders
- CME margin hikes and leveraged position reductions contributed to price drops
- Analysts suggest the risk of further short-term dips, but long-term fundamentals remain strong
Why Silver Price Rates Hike Every Day?
- Daily fluctuations driven by international bullion prices
- Currency movement: Rupee depreciation against the dollar increases local prices
- Industrial demand from electronics, solar and manufacturing adds upward pressure
- Investor sentiment and global economic uncertainty influence day-to-day changes
