Silver Price Today, 15 February 2026: Silver prices in India crash 21.43% in February 2026 to ₹2.75 lakh/kg, testing key support. Get latest MCX rates, city-wise prices in Delhi, Mumbai, Chennai, Kolkata & more. Top online platforms to buy silver.
Silver Price Today, 15 February 2026
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.
With the gold-to-silver ratio rising to multi-year highs, the gap between gold and silver is still growing.
The wholesale hub continues to witness sustained selling pressure.
The capital city saw another ₹5 per gram decline, with no signs of buying interest.
Aligns with pan-India downtrend; restocking activity remains absent.
Industrial demand from electronics sector insufficient to stem the decline.
The southern hub's traditional premium remains completely eroded; rates at par with national average.
| 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 |
| 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 |
| 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 |
| 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 |
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.
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.
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.
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.
