Silver Price Today, 12 February 2026: Silver prices in India fell below ₹2,900 per 10g on Wednesday, following a strong comeback rise earlier this week. The metal’s struggle to maintain above the crucial ₹3 lakh mark has caused cautious sentiment, although remaining far above the February low of ₹2.75 lakh/kg.
Silver Price Today (12 February, 2026)
- 1g Silver: ₹289.90 per gram (-₹0.10 daily)
- 10g Silver: ₹2,899 for 10g
- 1 Kg Silver: ₹2,89,900 per kg (-₹100)
These rates exclude GST and levies, tracking global spot prices adjusted for the rupee. Yesterday’s ₹2,900/g level saw marginal profit-taking.
Silver Rate Today: Consolidation After Recovery
- Hit ₹3,50,000/kg on Feb 1 amid Middle East tensions.
- Plunged to ₹2,75,000/kg by Feb 6 on aggressive profit-booking.
- Rebounded to ₹3,00,000/kg on Feb 9 before mild profit-taking.
- Net 10-day drop of 17% from Feb 1 peak; Chennai and Hyderabad hold modest premiums.
Silver Price Today: MCX Gold and Silver Prices
Gold remained stable at ₹1,59,750/10g, while MCX silver futures traded close to ₹2,75,000/kg, indicating futures market caution. The ratio of gold to silver is still high at about 85:1, which traditionally indicates that silver is undervalued in relation to gold.
Silver Prices in Mumbai
- 10 grams: ₹2,899
- 100 grams: ₹28,990
- 1 kg: ₹2,89,900
With a slight decrease, the financial capital followed the national trend.
Silver Rate Today in Delhi
- 10 grams: ₹2,899
- 100 grams: ₹28,990
- 1 kg: ₹2,89,900
The capital city saw a minimal drop of ₹0.10 per gram, reflecting stable local demand.
Silver Prices in Kolkata
- 10 grams: ₹2,899
- 100 grams: ₹28,990
- 1 kg: ₹2,89,900
Prices aligned with other major metros, showing uniform consolidation.
Silver Rate in Bengaluru
- 10 grams: ₹2,899
- 100 grams: ₹28,990
- 1 kg: ₹2,89,900
Trading activity was subdued as participants assessed the next directional move.
Silver Prices in Chennai
- 10 grams: ₹2,899
- 100 grams: ₹28,990
- 1 kg: ₹2,89,900
The southern hub’s rates aligned with the national average, with no visible premium.
Silver Price City-Wise (₹/kg)
| City | 10 grams | 100 grams | 1 kg |
|---|---|---|---|
| Chennai | ₹2,899 | ₹28,990 | ₹2,89,900 |
| Mumbai | ₹2,899 | ₹28,990 | ₹2,89,900 |
| Delhi | ₹2,899 | ₹28,990 | ₹2,89,900 |
| Kolkata | ₹2,899 | ₹28,990 | ₹2,89,900 |
| Bengaluru | ₹2,899 | ₹28,990 | ₹2,89,900 |
| Hyderabad | ₹2,899 | ₹28,990 | ₹2,89,900 |
| Kochi | ₹2,899 | ₹28,990 | ₹2,89,900 |
| Pune | ₹2,899 | ₹28,990 | ₹2,89,900 |
| Ahmedabad | ₹2,899 | ₹28,990 | ₹2,89,900 |
Silver Rate in India for Last 10 Days (10g)
| Date | 10 grams | 100 grams | 1 kg |
|---|---|---|---|
| 12 Feb, 2026 | ₹2,899 | ₹28,990 | ₹2,89,900 |
| 11 Feb, 2026 | ₹2,900 | ₹29,000 | ₹2,90,000 |
| 10 Feb, 2026 | ₹2,900 | ₹29,000 | ₹2,90,000 |
| 09 Feb, 2026 | ₹3,000 | ₹30,000 | ₹3,00,000 |
| 08 Feb, 2026 | ₹2,850 | ₹28,500 | ₹2,85,000 |
| 07 Feb, 2026 | ₹2,850 | ₹28,500 | ₹2,85,000 |
| 06 Feb, 2026 | ₹2,750 | ₹27,500 | ₹2,75,000 |
| 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 |
Silver Price Movement in Delhi, February 2026
| Silver Rates | 1 Kg |
|---|---|
| 1 February rate | ₹3,50,000 |
| 12 February rate | ₹2,89,900 |
| Highest rate in February | ₹3,50,000 on February 1 |
| Lowest rate in February | ₹2,75,000 on February 6 |
| Overall performance | Consolidating |
| % Change from Feb 1 | -17.17% |
Why Did Silver Drop This February?
Profit-booking after January’s historic 47% surge, easing geopolitical tensions, and a hawkish Federal Reserve nomination triggered the sharp correction. MCX futures retreated from the ₹3.5 lakh/kg peak, with selling amplified by margin hikes and subdued industrial buying.
Can Silver Challenge the February High?
If industrial demand from the solar and 5G sectors recovers and the US dollar declines because to expected Fed rate reduction, the price of kg might rise back to ₹3,50,000. The crucial support must remain at ₹2,80,000/kg. Gold’s relative outperformance may limit the market’s immediate gains, but the current stabilization near ₹2.90 lakh/kg indicates the market is forming a base.
Is Now a Good Time to Buy Silver?
For long-term investors, the 17% dip offers a compelling entry point near support levels. Industrial demand drivers—solar panel manufacturing, EV production, and electronics—remain structurally intact. Systematic investment plans (SIPs) in silver ETFs or digital silver accumulate at lower average costs.
How to Spot Fake Silver Coins During Online Sales?
Verify the 999 hallmark purity mark, perform a simple magnet test (silver is non-magnetic), and purchase only from certified platforms like MMTC-PAMP, Augmont, or major jeweller portals. Reputable sellers provide assay certificates with every investment-grade bar or coin.
