Silver Price Today, 12 February 2026: Silver prices in Delhi edge lower to ₹2,89,900/kg on 12 February 2026. Get latest MCX Silver rate, 10-day trend, city-wise rates in Chennai, Mumbai, Kolkata & top online platforms to buy silver in India.
Silver Price Today, 12 February 2026
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.
These rates exclude GST and levies, tracking global spot prices adjusted for the rupee. Yesterday’s ₹2,900/g level saw marginal profit-taking.
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.
With a slight decrease, the financial capital followed the national trend.
The capital city saw a minimal drop of ₹0.10 per gram, reflecting stable local demand.
Prices aligned with other major metros, showing uniform consolidation.
Trading activity was subdued as participants assessed the next directional move.
The southern hub's rates aligned with the national average, with no visible premium.
| 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 |
| 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 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% |
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.
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.
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.
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.
