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Silver Price Today [9 February, 2026]: MCX Silver Trades Around ₹2.85 Lakh/kg Following Sharp Decline | Check City-Wise Silver Rate in Chennai, Delhi, Mumbai, Kolkata & More

Silver Price Today, 9 February 2026: Silver prices in major Indian cities like Mumbai, Delhi, Kolkata, Bengaluru, and Chennai saw a mild recovery after a sharp fall, but the overall trend remains weak as investors watch key resistance levels.

Published by Nisha Srivastava

Silver Price Today, 9 February 2026:  The price of silver is being closely watched by both common people and investors. Over the past week, silver prices have dropped by ₹15,760, or nearly 6 percent. The previous week was highly volatile for silver. In the global market, silver futures fell by $1.63, or 2.08 percent. Analysts believe that market movement this week will again depend on statements from the US Federal Reserve and key macroeconomic data, so price swings are likely to continue.

Silver Price Today (9 February, 2026)

  • 1 gram: ₹284.90 (down ₹0.10)
  • 10 grams: ₹2,849 (down ₹1)
  • 100 grams: ₹28,490 (down ₹10)
  • 1 kg: ₹2,84,900 (down ₹100)
  • The retail silver price eased slightly by ₹100 per kg, reflecting a mild dip of about 0.03% from yesterday’s level, rather than a sharp recovery.
  • MCX Silver (Feb 2026) futures are trading weak to range-bound, hovering near ₹2,84,900 per kg, as the market remains cautious after recent volatility, with no clear signs yet of strong short-covering or bargain buying.

Silver Rate Today: Strong Bounce from Oversold Lows

  • The price showed only a mild stabilisation after touching yesterday’s monthly low of around ₹2.85 lakh per kg, with no strong recovery seen so far.
  • The strong selling pressure may have momentarily worn itself out, allowing for a technical correction, as evidenced by today stability
  • While the rebound was remarkable, it only recovered a percentage of the losses from the recent crash, thus the overall trend remains negative.
  • The market will now test whether this bounce can be sustained or if it will attract fresh selling at higher levels.

Silver Price Today: MCX Gold & Silver Prices in India

  • MCX Silver Futures (Feb 2026): Trading weak to stable, hovering around ₹2,84,000–₹2,85,000 per kg, with no clear breakout after recent losses.
  • MCX Gold Futures (Feb 2026): At ₹1,56,600 per 10g, reflecting a strong rebound and moving in contrast to silver’s subdued performance.

Both precious metals rose in tandem, with gold outperforming in terms of percentage gains.

Silver Prices in Mumbai

  • 10 grams: ₹284.90
  • 100 grams: ₹2,849
  • 1 kg: ₹₹2,84,900

The financial capital saw a recovery of ₹10 per gram.

Silver Rate Today in Delhi

  • 10 grams: ₹284.90
  • 100 grams: ₹2,849
  • 1 kg: ₹2,84,900

The capital city led the rebound, with prices rising sharply from the lows.

Silver Prices in Kolkata

  • 10 grams: ₹284.90
  • 100 grams: ₹2,849
  • 1 kg: ₹₹2,84,900

The upward move was uniform across major trading hubs.

Silver Rate in Bengaluru

  • 10 grams: ₹284.90
  • 100 grams: ₹2,849
  • 1 kg: ₹₹2,84,900

Bargain-buying emerged among retail investors at the lower price levels.

Silver Prices in Chennai

  • 10 grams: ₹284.90
  • 100 grams: ₹2,849
  • 1 kg: ₹2,84,900

The southern hub participated in the recovery, with rates aligning nationally.

Silver Price City-wise (₹/kg)

City 10 grams 100 grams 1 kg
Chennai ₹284.90 ₹2,849 ₹2,84,900
Mumbai ₹284.90 ₹2,849 ₹2,84,900
Delhi ₹284.90 ₹2,849 ₹2,84,900
Kolkata ₹284.90 ₹2,849 ₹2,84,900
Bengaluru ₹284.90 ₹2,849 ₹2,84,900
Hyderabad ₹284.90 ₹2,849 ₹2,84,900
Kochi ₹284.90 ₹2,849 ₹2,84,900
Pune ₹284.90 ₹2,849 ₹2,84,900
Ahmedabad ₹284.90 ₹2,849 ₹2,84,900

Silver Rate in India for Last 10 Days

Date 10 grams 100 grams 1 kg
08 Feb, 2026 ₹2,850 ₹28,500 ₹2,85,000
07 Feb, 2026 ₹2,750 ₹27,500 ₹2,75,000
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

Silver Price Movement in February 2026

Silver Rates 1 Kg
1 February rate ₹3,50,000
07 February rate ₹2,85,000
Highest rate in February ₹3,50,000 on February 1
Lowest rate in February ₹2,75,000 on February 6
Overall performance Falling
% Change -18.57%

Silver Gains Short-Term Relief Amid Weak Overall Trend

Silver saw a small relief today after yesterday’s sharp fall. Prices moved up slightly because the heavy selling had already happened, and many short-term sellers exited the market. This gave silver some breathing space.

The mild recovery was also helped by traders covering their short positions and some support from the wider commodity market. However, experts say this rise is only a short-term bounce. The overall trend for silver is still weak, and a clear turnaround has not happened yet.

Is This a Dead Cat Bounce or the Start of a Recovery?

The critical question for traders is whether today’s rally represents a sustainable low or merely a “dead cat bounce”—a temporary rebound before the downtrend resumes. The sustainability of the recovery will depend on several factors: whether physical buying strengthens to absorb any residual selling, if the futures market can break free from lower circuit pressures, and if the macro environment (strong dollar, hawkish Fed) becomes less hostile. The ₹2.85-2.90 lakh per kg zone will be a key resistance area to watch; failure to break above it could invite renewed selling pressure next week.

Nisha Srivastava
Published by Nisha Srivastava