Silver Rate Today in India
Silver rates have experienced significant volatility today, February 5, 2026, following a sharp global market sell-off. In India, silver prices have crashed by approximately 9% in a single session due to a stronger US dollar and easing trade tensions.
Today’s Silver Rates in Major Indian Cities
Prices typically range between ₹300 and ₹320 per gram depending on local taxes and demand.
| City | Price per Gram | Price per 10 Grams | Price per Kilogram |
|---|---|---|---|
| Bangalore | ₹300 | ₹3,000 | ₹3,00,000 |
| Delhi | ₹301 | ₹3,006 | ₹3,00,625 |
| Chennai | ₹301 | ₹3,006 | ₹3,00,625 |
| Mumbai | ₹320 | ₹3,200 | ₹3,20,000 |
| Mysuru | ₹300 | ₹3,000 | ₹3,00,000 |
Data sourced from Policybazaar, BankBazaar, and GoodReturns.
Global Crash :
Spot silver plummeted roughly 12-15% globally to around $77 per ounce.
MCX Impact :
On the Multi Commodity Exchange (MCX), silver futures for March delivery fell by 6%, trading at approximately ₹2,52,719 per kg.
Historical Context :
Despite today’s drop, silver remains significantly higher than last year’s averages but is down from the record high of over ₹4 lakh per kg seen on January 29, 2026.
Investment Outlook :
Analysts at Livemint report that major producers like Hindustan Zinc are seeing stock pressure due to this price crash.