Silver prices in India have staged a modest recovery today, Friday, February 20, 2026, rebounding from the multi-month lows seen earlier this week. Following a volatile period where prices crashed nearly 22% from their February 1st peak, the white metal is currently witnessing bargain buying at lower levels.
According to the latest live data from GoodReturns, here is a comprehensive breakdown of silver rates in India today.
Today’s Silver Prices in India (INR)
Silver rates have increased by approximately ₹100 per kilogram (or ₹0.10 per gram) since yesterday, reflecting a stabilization in domestic demand.
| Unit | Today’s Price (Feb 20) | Yesterday’s Price (Feb 19) | Change |
| 1 Gram | ₹270.10 | ₹270.00 | + ₹0.10 |
| 8 Grams | ₹2,160.80 | ₹2,160.00 | + ₹0.80 |
| 10 Grams | ₹2,701.00 | ₹2,700.00 | + ₹1.00 |
| 100 Grams | ₹27,010 | ₹27,000 | + ₹10 |
| 1 Kilogram | ₹2,70,100 | ₹2,70,000 | + ₹100 |
City-Wise Silver Rates (Feb 20, 2026)
Prices can vary slightly between cities due to local demand-supply dynamics, transportation costs, and state taxes.
- Mumbai: ₹2,70,100 per kg
- Delhi: ₹2,53,000 per kg
- Chennai: ₹2,70,100 per kg
- Hyderabad: ₹2,70,100 per kg
- Bangalore: ₹2,70,100 per kg
- Kolkata: ₹2,70,100 per kg
Why Silver is Moving: Key Factors for 2026
The performance of silver this year has been driven by a unique mix of industrial and monetary factors:
- Post-Budget Correction: After hitting a high of ₹3,50,000/kg on February 1st, prices underwent a massive correction. The current level of ₹2,70,100 suggests the market is searching for a new floor.
- Industrial Demand in Green Tech: Silver remains critical for India’s push into solar energy and electric vehicle (EV) manufacturing. In 2026, industrial consumption continues to be the primary support for prices.
- Global Deficit: This year marks the sixth consecutive year of a global silver supply deficit, according to analysts. This structural shortage often triggers sharp price rallies when international demand spikes.
- Gold-Silver Ratio: Currently, the ratio is consolidating near the 60-65 mark. Historically, when this ratio is high, silver is considered “undervalued” compared to gold, often attracting savvy investors.
Investing in Silver: Physical vs. Digital
With prices stabilizing, many Indian investors are weighing their options.
- Physical Silver: Traditional coins, bars, and jewellery remain popular for weddings and gifts. However, these incur 3% GST and making charges.
- Silver ETFs: Becoming increasingly popular in 2026, Exchange Traded Funds (ETFs) offer high liquidity and eliminate storage concerns.
- Digital Silver: Platforms now allow buying silver for as little as ₹1, making it accessible for retail investors to accumulate small amounts daily.
Conclusion
Today’s price of ₹2,70,100 per kg represents a tentative recovery. While the “froth” from earlier in the month has been cleared out, the market remains in a volatile consolidation phase. Long-term buyers may view these levels as a constructive entry point, while short-term traders should keep an eye on US GDP data and global tariff updates.
Disclaimer: Silver rates are subject to market volatility. These prices are indicative and do not include GST or local levies. Please consult a financial advisor or your local bullion dealer before making a purchase.