Silver prices in India have hit a pause today, Thursday, February 26, 2026, following a period of intense volatility throughout the month. After a series of sharp jumps earlier this week—including a landmark surge back toward the ₹3 lakh mark—the white metal is currently trading flat in major domestic markets, offering a breather for retail buyers.
According to the latest live data from GoodReturns, silver rates remain steady today, mirroring the cautious sentiment in global bullion markets.
Today’s Silver Prices in India (February 26)
While international spot prices have shown some recovery, the retail price in India has held firm over the last 24 hours.
| Unit | Today’s Price (Feb 26) | Yesterday’s Price | Change |
| 1 Gram | ₹285 | ₹285 | ₹0 |
| 10 Grams | ₹2,850 | ₹2,850 | ₹0 |
| 100 Grams | ₹28,500 | ₹28,500 | ₹0 |
| 1 Kilogram | ₹2,85,000 | ₹2,85,000 | ₹0 |
Note: These are indicative market rates. When purchasing physical silver, a 3% GST will be added to your bill. Making charges for silverware and jewelry will vary by city and jeweler.
City-Wise Silver Rates Today
Silver pricing can vary significantly across India due to local demand and transportation logistics. Southern cities continue to trade at a slight premium today.
| City | Price per Kilogram (1kg) | Trend |
| Mumbai | ₹2,84,900 | 📉 Slight Dip |
| Delhi | ₹2,85,000 | ↔️ Stable |
| Chennai | ₹2,95,100 | ↔️ Stable |
| Bangalore | ₹2,84,900 | 📉 Slight Dip |
| Hyderabad | ₹2,95,100 | ↔️ Stable |
| Kolkata | ₹2,85,000 | ↔️ Stable |
Market Factors: Why are Silver Prices Consolidation?
After a “stormy rally” on February 23 where prices jumped by ₹25,000 in a single day, the market is currently in a “wait-and-watch” mode due to the following reasons:
- US Economic Data: Investors are awaiting key inflation and labor data from the United States, which typically dictates the strength of the US Dollar. A stronger dollar often puts downward pressure on silver.
- Gold’s All-Time Highs: Gold has surged past ₹1.61 lakh per 10g today. Historically, silver follows gold’s lead but with higher volatility. The current stability suggests silver is building a base before its next move.
- Industrial Demand: In 2026, silver remains a critical component for the green energy sector, specifically in photovoltaic cells for solar panels. This consistent industrial off-take is preventing any major price crashes.
- Safe-Haven Interest: Renewed geopolitical tensions have kept precious metals in demand, though profit-booking at the ₹3,00,000 per kg level has capped the immediate upside.
Historical Performance: February 2026 at a Glance
February has been a roller coaster for silver investors:
- Monthly High: ₹3,50,000 (Feb 1)
- Monthly Low: ₹2,55,000 (Feb 18)
- Current Level: ₹2,85,000 (Feb 26)
Should You Buy Silver Today?
With prices currently down approximately 18% from the February 1st peaks, many analysts view the current level of ₹2.85 lakh per kg as a reasonable entry point for long-term investors. However, given the extreme volatility seen this month, a dollar-cost averaging (SIP) approach is recommended for those buying physical silver or Silver ETFs.