Silver Price Today, 18 February 2026: Silver prices in India crash 23.4% in February to ₹2.60 lakh/kg, down 35% from January peak. Get latest MCX rates & city-wise prices in Delhi, Mumbai, Chennai, Kolkata for 18 February 2026.
Silver Price Today, 18 February 2026
Silver Price Today, 18 February 2026: The current dip in Silver’s price in early 2026 is a part of a larger economic sentiment that includes geopolitics, Fed announcements, and a dip in holiday season demand. In January 2026, Silver surged by 47% and in February 2026, it dipped by 25.71%, prompting buyers in Delhi to search for discounts at rates as low as 260. This article will discuss current rates, basic details from across cities, past trends and future concerns based on new data.
On this crisp Wednesday morning in Delhi, silver trades at ₹260 per gram with a notable pullback from peaks, signaling profit-taking after months of gains.
MCX silver futures hover at ₹2,60,000/kg (-₹8,000), outpacing gold's milder dip. Gold holds ₹72,500/10g while silver corrects sharper, reflecting its volatility as both safe-haven and industrial metal.
| City | 1g (₹) | 10g (₹) | 100g (₹) | 1kg (₹) | Daily Change (1kg) |
|---|---|---|---|---|---|
| Chennai | 265 | 2,650 | 26,500 | 2,65,000 | -8,000 |
| Mumbai | 260 | 2,600 | 26,000 | 2,60,000 | -8,000 |
| Delhi | 260 | 2,600 | 26,000 | 2,60,000 | -8,000 |
| Kolkata | 260 | 2,600 | 26,000 | 2,60,000 | -8,000 |
| Bangalore | 260 | 2,600 | 26,000 | 2,60,000 | -8,000 |
| Hyderabad | 265 | 2,650 | 26,500 | 2,65,000 | -8,000 |
| Kerala | 265 | 2,650 | 26,500 | 2,65,000 | -8,000 |
| Pune | 260 | 2,600 | 26,000 | 2,60,000 | -8,000 |
| Vadodara | 260 | 2,600 | 26,000 | 2,60,000 | -8,000 |
| Ahmedabad | 260 | 2,600 | 26,000 | 2,60,000 | -8,000 |
| Date | 10g (₹) | 100g (₹) | 1kg (₹) |
| Feb 17 | 2,600 | 26,000 | 2,60,000 |
| Feb 16 | 2,680 | 26,800 | 2,68,000 |
| Feb 15 | 2,750 | 27,500 | 2,75,000 |
| Feb 14 | 2,750 | 27,500 | 2,75,000 |
| Feb 13 | 2,800 | 28,000 | 2,80,000 |
| Feb 12 | 2,950 | 29,500 | 2,95,000 |
| Feb 11 | 2,900 | 29,000 | 2,90,000 |
| Feb 10 | 2,900 | 29,000 | 2,90,000 |
| Feb 09 | 3,000 | 30,000 | 3,00,000 |
| Feb 08 | 2,850 | 28,500 | 2,85,000 |
| Metric | Silver Rates (1kg) |
| 1 Jan Rate | ₹2,38,000 |
| 31 Jan Rate | ₹3,50,000 |
| Highest (Jan 29) | ₹4,10,000 |
| Lowest (Jan 1) | ₹2,38,000 |
| Overall Performance | Rising |
| % Change | +47.06% |
Silver prices retreated in early trading with spot silver sliding 2% to $74.85 per ounce while futures declined 4% to $74.70 while Gold also edged lower in pre-market activity. Mining shares lagged behind the broader market, as Hecla fell roughly 3% and Endeavour lost about 3.5%, amid delayed data releases and a relatively calm geopolitical backdrop.
Silver returned 26% over 10 years from 2016 to 2026, versus gold's 18%, according to MCX data. Volatility paid off as silver's industrial uses in solar panels and electric vehicles boosted returns during green energy booms and outperforming gold's safe-haven appeal.
Not imminent, but risks loom overbought RSI at 75 signals more correction while February’s -25.71% from ₹3,50,000/kg (Feb 1) to ₹2,60,000 could deepen if US recession hits demand and supply shortages (mine strikes) offer a floor.
Daily hikes earlier stemmed from inflation fears, rupee weakness (₹85/USD) and China stimulus boosting industrial buys while recent reversals and Profit-booking post-festivals and stronger dollar capping upside.
When is the best time to buy silver?
Target dips like today's after peaks, or festive lulls when prices soften 5-10%. Monitor MCX for support levels.
What taxes apply to silver purchases in Delhi?
3% GST on making charges/jewelry; 0.25-1% TCS on buys over ₹2 lakh. No import duty for domestic.
How is silver purity checked in Delhi?
Use hallmarking (BIS stamp) or acid tests at certified labs; XRF machines verify 99.9% purity instantly.
Why did silver surge 47% in January 2026?
Geopolitical flares and rate cut bets fueled safe-haven flows, plus solar demand.
Will silver rebound soon?
Likely yes, with ETF inflows up 15% YTD; watch Feb close for reversal cues.
