Silver Price Today, 15 February 2026: Silver prices in the capital extended their decline on Sunday, falling back to retest the important February low of ₹2.75 lakh per kg. Persistent selling pressure kept the metal weak, crushing expectations of a sustained rebound as negative sentiment dominated the market.
Silver Price Today (15 February, 2026)
- 1g Silver: ₹275 per gram (-₹5)
- 10g Silver: ₹2,750 for 10g
- 1 Kg Silver: ₹2,75,000 per kg (-₹5,000)
- These rates follow global spot prices that have been adjusted for the rupee, excluding GST and levies. Silver has returned to its lowest levels of the month with the new drop of ₹5,000 per kilogram.
Silver Rate Today (15 February, 2026): Relentless Selling Continues
- 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.
- Brief recovery to ₹2,95,000/kg proved short-lived.
- Current price of ₹2.75 lakh/kg matches the February low hit on February 6.
- The net monthly decline from the peak of ₹3.50 lakh on February 1 is at -21.43%.
Silver Price Today: MCX Gold and Silver Prices (15 February, 2026)
- MCX Silver (Feb 2026) futures: Trading at multi-week lows near ₹2,60,000 per kg, reflecting persistent futures market weakness.
- MCX Gold (Feb 2026) futures: Showing resilience, trading higher near ₹1,57,900 per 10g.
With the gold-to-silver ratio rising to multi-year highs, the gap between gold and silver is still growing.
Silver Prices in Mumbai
- 10g: ₹2,750
- 100g: ₹27,500
- 1kg: ₹2,75,000
The wholesale hub continues to witness sustained selling pressure.
Silver Rate Today in Delhi
- 10g: ₹2,750
- 100g: ₹27,500
- 1kg: ₹2,75,000
The capital city saw another ₹5 per gram decline, with no signs of buying interest.
Silver Prices in Kolkata
- 10g: ₹2,750
- 100g: ₹27,500
- 1kg: ₹2,75,000
Aligns with pan-India downtrend; restocking activity remains absent.
Silver Rate in Bengaluru
- 10g: ₹2,750
- 100g: ₹27,500
- 1kg: ₹2,75,000
Industrial demand from electronics sector insufficient to stem the decline.
Silver Prices in Chennai
- 10g: ₹2,750
- 100g: ₹27,500
- 1kg: ₹2,75,000
The southern hub’s traditional premium remains completely eroded; rates at par with national average.
Silver Price City-Wise (₹/kg)
| City | 10g (₹) | 100g (₹) | 1kg (₹) |
|---|---|---|---|
| Chennai | 2,750 | 27,500 | 2,75,000 |
| Mumbai | 2,750 | 27,500 | 2,75,000 |
| Delhi | 2,750 | 27,500 | 2,75,000 |
| Kolkata | 2,750 | 27,500 | 2,75,000 |
| Bengaluru | 2,750 | 27,500 | 2,75,000 |
| Hyderabad | 2,750 | 27,500 | 2,75,000 |
| Kerala | 2,750 | 27,500 | 2,75,000 |
| Pune | 2,750 | 27,500 | 2,75,000 |
| Ahmedabad | 2,750 | 27,500 | 2,75,000 |
Silver Rate in India for Last 10 Days (10g)
| Date | 10g (₹) | 1kg (₹) |
|---|---|---|
| 15 Feb, 2026 | 2,750 | 2,75,000 |
| 14 Feb, 2026 | 2,800 | 2,80,000 |
| 13 Feb, 2026 | 2,951 | 2,95,100 |
| 12 Feb, 2026 | 2,950 | 2,95,000 |
| 11 Feb, 2026 | 2,900 | 2,90,000 |
| 10 Feb, 2026 | 2,900 | 2,90,000 |
| 09 Feb, 2026 | 3,000 | 3,00,000 |
| 08 Feb, 2026 | 2,850 | 2,85,000 |
| 07 Feb, 2026 | 2,850 | 2,85,000 |
| 06 Feb, 2026 | 2,750 | 2,75,000 |
Silver Price Movement in February 2026
| Metric | Rate (₹/kg) |
|---|---|
| 1 February Opening | 3,50,000 |
| 14 February Closing | 2,75,000 |
| Highest Peak | 3,50,000 (1 Feb) |
| Lowest Point | 2,75,000 (6 Feb & 14 Feb) |
| Monthly % Change | -21.43% |
| Performance | Sharp decline |
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.
Why Is Silver Crashing This February?
Silver’s brutal 21.4% decline from the February 1 peak of ₹3.50 lakh/kg represents one of its sharpest monthly corrections. Aggressive profit-booking after January’s historic 47% surge remains the primary driver. This has been amplified by hawkish Federal Reserve expectations strengthening the US dollar, making dollar-denominated commodities expensive. Leveraged traders have been compelled to unwind bets due to global exchanges raising their margins. Even traditional buyers are dropping out, as evidenced by the entire erosion of the Chennai premium, which is usually a sign of strong physical demand.
Will Silver Break Below ₹2.75 Lakh?
The critical test for silver is whether it can hold the ₹2.75 lakh per kg support level. A decisive break below this could open the door for a test of ₹2.50 lakh or even lower, with no major technical supports until that zone. It is impossible to rule out a technical bounce, though, because the market is severely oversold. Any change in the value of the US dollar or new stimuli from the industrial demand sector—specifically, solar and 5G—will probably dictate the next course of action.
Is This a Buying Opportunity or a Value Trap?
For long-term investors, the 21% February crash presents a high-risk, high-reward scenario. Industrial demand drivers—solar panel manufacturing, electric vehicles, and electronics—remain structurally intact. However, analysts warn that silver’s volatility cuts both ways; what looks like a bargain today could become cheaper tomorrow. However, the market is so oversold that a technical bounce cannot be ruled out. The next step will likely be determined by any shift in the value of the US dollar or by fresh stimulants from the industrial demand sector, particularly 5G and solar.
