Silver Price Today, 6 February 2026: Silver prices in India resumed their downward trajectory on Thursday, extending the previous day’s weakness and touching a lower circuit on the Multi Commodity Exchange (MCX). The metal fell below the psychological level of ₹3 lakh per kg due to increased selling pressure and a general risk-off mentality in commodity markets.
Silver Price Today (6 February, 2026)
- 1 gram: ₹299.90
- 8 grams: ₹2,399.20
- 10 grams: ₹2,999
- 100 grams: ₹29,990
- 1 kg: ₹2,99,900
- The retail price dropped by ₹100 per kg, below the ₹3 lakh level.
- MCX Silver (Feb 2026) futures were trading at ₹2,80,000 per kg, showing bearish pressure.
Silver Rate Today: Continued Weakness Erodes Recovery
- The price failed to sustain above ₹3 lakh per kg, giving up the previous day’s marginal gain.
- The sustained lower circuit in futures indicates a significant lack of purchasing activity and trust in the paper market.
- The market appears vulnerable to further declines as it struggles to find a stable footing.The market appears to be vulnerable to more drops as it tries to find a foothold.
- The gap between physical and futures prices remains wide, highlighting market dislocation.
Silver Price Today: MCX Gold & Silver Prices in India
- MCX Silver Futures (Feb 2026): At lower circuit near ₹2,80,000 per kg.
- MCX Gold Futures (Feb 2026): At ₹1,54,410 per 10g, showing relative stability.
Gold continues to outperform silver in terms of performance differential.
Silver Prices in Mumbai
- 10 grams: ₹2,999
- 100 grams: ₹29,990
- 1 kg: ₹2,99,900
Physical prices declined marginally, tracking the weak sentiment.
Silver Rate Today in Delhi
- 10 grams: ₹2,999
- 100 grams: ₹29,990
- 1 kg: ₹2,99,900
The capital city saw a minimal drop of ₹0.10 per gram.
Silver Prices in Kolkata
- 10 grams: ₹2,999
- 100 grams: ₹29,990
- 1 kg: ₹2,99,900
Prices were uniform across major hubs, reflecting the broad-based weakness.
Silver Rate in Bengaluru
- 10 grams: ₹2,999
- 100 grams: ₹29,990
- 1 kg: ₹2,99,900
Trading activity remained subdued as caution prevailed.
Silver Prices in Chennai
- 10 grams: ₹2,999
- 100 grams: ₹29,990
- 1 kg: ₹2,99,900
The southern hub’s rates aligned with the national average, with no premium visible.
Silver Price City-wise (₹/kg)
| City | 10 grams | 100 grams | 1 kg |
|---|---|---|---|
| Chennai | ₹2,999 | ₹29,990 | ₹2,99,900 |
| Mumbai | ₹2,999 | ₹29,990 | ₹2,99,900 |
| Delhi | ₹2,999 | ₹29,990 | ₹2,99,900 |
| Kolkata | ₹2,999 | ₹29,990 | ₹2,99,900 |
| Bengaluru | ₹2,999 | ₹29,990 | ₹2,99,900 |
| Hyderabad | ₹2,999 | ₹29,990 | ₹2,99,900 |
| Kochi | ₹2,999 | ₹29,990 | ₹2,99,900 |
| Pune | ₹2,999 | ₹29,990 | ₹2,99,900 |
| Ahmedabad | ₹2,999 | ₹29,990 | ₹2,99,900 |
Silver Rate in India for Last 10 Days
| Date | 10 grams | 100 grams | 1 kg |
|---|---|---|---|
| 06 Feb, 2026 | ₹2,999 | ₹29,990 | ₹2,99,900 |
| 05 Feb, 2026 | ₹3,000 | ₹30,000 | ₹3,00,000 |
| 04 Feb, 2026 | ₹3,200 | ₹32,000 | ₹3,20,000 |
| 03 Feb, 2026 | ₹2,800 | ₹28,000 | ₹2,80,000 |
| 02 Feb, 2026 | ₹3,000 | ₹30,000 | ₹3,00,000 |
| 01 Feb, 2026 | ₹3,500 | ₹35,000 | ₹3,50,000 |
| 31 Jan, 2026 | ₹3,500 | ₹35,000 | ₹3,50,000 |
| 30 Jan, 2026 | ₹3,950 | ₹39,500 | ₹3,95,000 |
| 29 Jan, 2026 | ₹4,100 | ₹41,000 | ₹4,10,000 |
| 28 Jan, 2026 | ₹3,800 | ₹38,000 | ₹3,80,000 |
Silver Struggles as Selling Pressure Intensifies
Global silver markets faced renewed selling pressure, failing to build on the previous day’s minor recovery. The metal’s inability to hold key support levels triggered automated and speculative selling, pushing futures prices to their daily limit. The lower circuit reflects a market where sellers significantly outnumber buyers, with liquidity drying up at current levels. The fundamental oversupply in the paper market continues to overshadow any potential physical demand support.
Searching for a Floor in a Volatile Market
The critical challenge for silver remains finding a stable price floor. Each attempt at a recovery has been met with fresh selling, suggesting the market has not yet found a consensus on fair value after the historic crash. The recurring lower circuits suggest that the price discovery mechanism is hampered. Stability will most likely return only when futures prices line more closely with physical market fundamentals or a strong macro event, such as a shift in Federal Reserve policy or an increase in industrial purchases, restores trust among paper market participants.
