Silver Price Today, 11 February 2026: Silver is a volatile investment metal since it is both an industrial metal and a safe-haven asset unlike gold which is a stable one. However, there is a steep decline of 17% monthly at peaked rates in February 2026 and annual gains on solar panel and electronics demand are over 20% this is a correction which gives long-term holders entry points.
Silver Price Today
- 1g Silver: ₹290 per gram (-₹10 daily)
- 10g Silver: ₹2,900 for 10g
- 1 Kg Silver: ₹2,90,000 per kg (-₹10,000)
Excluding GST or levies, these track global spot prices adjusted for rupee at 83.5/USD while yesterday’s ₹300/g level erased early gains.
Silver Rate Today: From Record Highs to Correction
- Hit ₹3,50,000/kg on Feb 1 amid Middle East tensions.
- Plunged to ₹2,75,000/kg by Feb 6 on profit-taking.
- Rebounded to ₹3,20,000/kg Feb 4 before fresh slide.
- Net 10-day drop of 17% with Chennai or Hyderabad holding ₹3,00,000/kg firm.
Silver Price Today: MCX Gold and Silver Prices
MCX silver futures at ₹2,90,500/kg (-3.5% intraday) whiel gold steady near ₹1,58,000/10g. Trading volumes spiked 25% on correction bets and gold-silver ratio at 85:1 signals silver undervaluation with open interest up 12%.
Silver Prices in Mumbai
- 10g: ₹2,900
- 100g: ₹29,000
- 1kg: ₹2,90,000
- Wholesale hub sees lowest rates and daily drop mirrors LME.
Silver Rate Today in Delhi
- 10g: ₹2,900
- 100g: ₹29,000
- 1kg: ₹2,90,000
- Stable amid jewelry demand and minor premium over futures.
Silver Prices in Kolkata
- 10g: ₹2,900
- 100g: ₹29,000
- 1kg: ₹2,90,000
- Matches pan-India average and festive restocking paused.
Silver Rate in Bengaluru
- 10g: ₹2,900
- 100g: ₹29,000
- 1kg: ₹2,90,000
- Tech demand for electronics props physical offtake.
Silver Prices in Chennai
- 10g: ₹3,000
- 100g: ₹30,000
- 1kg: ₹3,00,000
- 3% premium on strong southern industrial buy.
Silver Price City-Wise
|
City |
10g (₹) |
100g (₹) |
1kg (₹) |
|
Chennai |
3,000 |
30,000 |
3,00,000 |
|
Mumbai |
2,900 |
29,000 |
2,90,000 |
|
Delhi |
2,900 |
29,000 |
2,90,000 |
|
Kolkata |
2,900 |
29,000 |
2,90,000 |
|
Bengaluru |
2,900 |
29,000 |
2,90,000 |
|
Hyderabad |
3,000 |
30,000 |
3,00,000 |
|
Kerala |
3,000 |
30,000 |
3,00,000 |
|
Pune |
2,900 |
29,000 |
2,90,000 |
|
Vadodara |
2,900 |
29,000 |
2,90,000 |
|
Ahmedabad |
2,900 |
29,000 |
2,90,000 |
Silver Rate in India for Last 10 Days (10g)
|
Date |
10g (₹) |
1kg (₹) |
|
Feb 10 |
2,900 |
2,90,000 |
|
Feb 09 |
3,000 |
3,00,000 |
|
Feb 08 |
2,850 |
2,85,000 |
|
Feb 07 |
2,850 |
2,85,000 |
|
Feb 06 |
2,750 |
2,75,000 |
|
Feb 05 |
3,000 |
3,00,000 |
|
Feb 04 |
3,200 |
3,20,000 |
|
Feb 03 |
2,800 |
2,80,000 |
|
Feb 02 |
3,000 |
3,00,000 |
|
Feb 01 |
3,500 |
3,50,000 |
Silver Price Movement in February 2026
|
Metric |
Rate (₹/kg) |
|
1 February Opening |
3,50,000 |
|
10 February Closing |
2,90,000 |
|
Highest Peak |
3,50,000 (1 Feb) |
|
Lowest Point |
2,75,000 (6 Feb) |
|
Monthly % Change |
-17.14% |
|
Performance |
Falling trend |
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 |
Why gold silver price rate hike every day?
Rupee weakness (83.5/USD), central bank gold buys (India: 50t YTD) and silver’s solar/5G demand drive hikes, amplified by supply deficits global silver mine output lags 200M oz annually.
Can Silver Challenge the February High?
Possible if industrial rebound and Fed cuts align ₹3,50,000/kg target if support at ₹2,80,000 holds and upside capped by gold dominance.
FAQ’s
Why Did Silver Drop 17% this February?
Profit booking after January’s 47% surge, easing global tensions and MCX futures correction from ₹3.5L/kg peak.
Is now a good time to buy silver?
Yes for long-term 17% dip offers entry near supports and industrial demand from solar/electronics likely rebounds.
Will EV battery boom make silver the next lithium play?
Silver’s conductivity drives 15% demand growth yearly and2026 solar+EV needs could erase Feb’s correction fast.
How to spot fake silver coins during online fire sales?
Check for 999 hallmark, magnet test, acid scratch platforms like MMTC-PAMP certify amid 17% price drops.
Smart SIP timing: Buy dips below ₹2.8L/kg or wait?
Current ₹2.9L/kg tests support and industrial restocking likely lifts to ₹3.2L by March if dollar weakens.
