Silver Price Today, 23 February 2026: Following a strong recovery rally that boosted the metal from multi-month lows, silver prices in Delhi saw a slight decline on Monday. As investors evaluated if the recent rebound had more traction, the precious metal entered a tranquil consolidation phase close to the crucial ₹2.75 lakh mark.
Silver Price Today (23 February, 2026)
- 1g Silver: ₹274.90 per gram (-₹0.10)
- 10g Silver: ₹2,749 for 10g
- 1 Kg Silver: ₹2,74,900 per kg (-₹100)
These rates follow international spot prices that have been converted to rupees, excluding GST and taxes. After a dramatic recovery from the weekly low of ₹2.55 lakh, the slight drop of ₹100 per kilogram suggests a lull.
Silver Rate Today (23 February, 2026): Consolidation After Recovery
- Hit ₹3,50,000/kg on Feb 1 amid Middle East tensions.
- Plunged to a multi-month low of ₹2,55,000/kg by Feb 18 on relentless selling.
- Strong recovery to ₹2,75,000/kg by Feb 19-22, gaining ₹20,000 per kg.
- Current marginal decline to ₹2,74,900/kg represents healthy consolidation.
- Net monthly drop stands at -21.46% from the February 1 peak of ₹3.50 lakh.
- From the January all-time high of ₹4.10 lakh, silver remains down nearly 33%.
Today Silver Price Per Gram/Kg in Delhi (INR)
| Gram | Today | Yesterday | Change |
|---|---|---|---|
| 1 | ₹274.90 | ₹275 | – ₹0.10 |
| 8 | ₹2,199.20 | ₹2,200 | – ₹0.80 |
| 10 | ₹2,749 | ₹2,750 | – ₹1 |
| 100 | ₹27,490 | ₹27,500 | – ₹10 |
| 1000 | ₹2,74,900 | ₹2,75,000 | – ₹100 |
Silver Price Today: MCX Gold and Silver Prices (23 February, 2026)
- MCX Silver (Feb 2026) futures: Trading modestly lower near ₹2,68,000 per kg, reflecting the consolidation phase.
- MCX Gold (Feb 2026) futures: Holding steady near ₹1,59,420 per 10g, showing relative strength.
The gold-silver ratio remains elevated, with gold significantly outperforming silver.
Silver Prices in Mumbai
- 10g: ₹2,749
- 100g: ₹27,490
- 1kg: ₹2,74,900
The wholesale hub saw steady prices as the market digests recent gains.
Silver Rate Today in Delhi
- 10g: ₹2,749
- 100g: ₹27,490
- 1kg: ₹2,74,900
The capital city recorded a marginal decline, consolidating after the sharp recovery.
Silver Prices in Kolkata
- 10g: ₹2,749
- 100g: ₹27,490
- 1kg: ₹2,74,900
Aligns with pan-India trend; selective buying continues at these levels.
Silver Rate in Bengaluru
- 10g: ₹2,749
- 100g: ₹27,490
- 1kg: ₹2,74,900
Industrial demand remains steady, providing underlying support.
Silver Prices in Chennai
- 10g: ₹2,749
- 100g: ₹27,490
- 1kg: ₹2,74,900
The southern hub’s traditional premium remains compressed; rates at par with national average.
Silver Price City-Wise (₹/kg)
| City | 10g (₹) | 100g (₹) | 1kg (₹) |
|---|---|---|---|
| Chennai | 2,749 | 27,490 | 2,74,900 |
| Mumbai | 2,749 | 27,490 | 2,74,900 |
| Delhi | 2,749 | 27,490 | 2,74,900 |
| Kolkata | 2,749 | 27,490 | 2,74,900 |
| Bengaluru | 2,749 | 27,490 | 2,74,900 |
| Hyderabad | 2,749 | 27,490 | 2,74,900 |
| Kerala | 2,749 | 27,490 | 2,74,900 |
| Pune | 2,749 | 27,490 | 2,74,900 |
| Ahmedabad | 2,749 | 27,490 | 2,74,900 |
Silver Rate in Delhi for Last 10 Days
| Date | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| 23 Feb, 2026 | ₹2,749 | ₹27,490 | ₹2,74,900 |
| 22 Feb, 2026 | ₹2,750 | ₹27,500 | ₹2,75,000 |
| 21 Feb, 2026 | ₹2,750 | ₹27,500 | ₹2,75,000 |
| 20 Feb, 2026 | ₹2,700 | ₹27,000 | ₹2,70,000 |
| 19 Feb, 2026 | ₹2,700 | ₹27,000 | ₹2,70,000 |
| 18 Feb, 2026 | ₹2,550 | ₹25,500 | ₹2,55,000 |
| 17 Feb, 2026 | ₹2,600 | ₹26,000 | ₹2,60,000 |
| 16 Feb, 2026 | ₹2,680 | ₹26,800 | ₹2,68,000 |
| 15 Feb, 2026 | ₹2,750 | ₹27,500 | ₹2,75,000 |
| 14 Feb, 2026 | ₹2,750 | ₹27,500 | ₹2,75,000 |
Silver Price Movement in Delhi, February 2026
| Metric | Rate (₹/kg) |
|---|---|
| 1 February Opening | 3,50,000 |
| 23 February Closing | 2,74,900 |
| Highest Peak | 3,50,000 (1 Feb) |
| Lowest Point | 2,55,000 (18 Feb) |
| Monthly % Change | -21.46% |
| Performance | Consolidating after recovery |
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 Consolidating After the Rally?
The current pause follows a sharp three-day recovery that lifted silver by ₹20,000 per kg from the multi-month low of ₹2.55 lakh to ₹2.75 lakh. After a quick advance, this kind of consolidation is common as the market absorbs gains and establishes a foundation for the subsequent directional move.
Has Silver Formed a Bottom?
This type of consolidation follows a rapid surge, as the market absorbs gains and lays the groundwork for the next directional move.
- Hold Above Support: Successfully defend the ₹2.70-2.75 lakh zone.
- Break Resistance: Move decisively above the next resistance at ₹2.85-2.90 lakh.
- Establish Uptrend: Form a series of higher lows and higher highs.
