Silver Price Today [23 February, 2026]: MCX Silver Edges Lower to ₹2.74 Lakh/kg; Check City-Wise Rates in Chennai, Delhi, Mumbai, Kolkata & More

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.