Silver Price Today, 6 February 2026: MCX silver futures hit lower circuit near ₹2.8 lakh/kg as prices fall below ₹3 lakh. Check the latest city-wise silver rates in Delhi, Mumbai, Chennai, Kolkata & more for 6 February 2026.
Silver Price Today, 6 February 2026
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.
Gold continues to outperform silver in terms of performance differential.
Physical prices declined marginally, tracking the weak sentiment.
The capital city saw a minimal drop of ₹0.10 per gram.
Prices were uniform across major hubs, reflecting the broad-based weakness.
Trading activity remained subdued as caution prevailed.
The southern hub's rates aligned with the national average, with no premium visible.
| 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 |
| 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 |
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.
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.
