Silver prices in India have seen a marginal dip today, Friday, February 27, 2026, as the market enters a consolidation phase following a roller-coaster month. After touching the ₹3 lakh mark earlier this week, the “poor man’s gold” is now stabilizing, offering a strategic entry point for long-term investors.
According to the latest live data from GoodReturns, the price of silver has decreased by ₹100 per kilogram in major metropolitan areas, while southern cities continue to hold at a premium.
Today’s Silver Prices in India (February 27)
The slight downward movement today reflects a cooling off in domestic demand after the massive price spikes seen on February 23.
| Unit | Today’s Price (Feb 27) | Yesterday’s Price |
| 1 Gram | ₹285 | ₹285 |
| 10 Grams | ₹2,850 | ₹2,850 |
| 100 Grams | ₹28,500 | ₹28,500 |
| 1 Kilogram | ₹2,85,000 | ₹2,85,000 |
Note: Retail prices for silver jewelry and silverware will include a 3% GST and varying making charges. Always verify the 925 Hallmark for purity when buying jewelry.
City-Wise Silver Rates Today
Silver prices in India are not uniform and vary based on local taxes and supply logistics. Buyers in Chennai and Hyderabad continue to pay more compared to those in Mumbai or Delhi.
| City | Price per Kilogram (1kg) |
| Mumbai | ₹2,85,000 |
| Delhi | ₹2,85,000 |
| Chennai | ₹2,95,000 |
| Bangalore | ₹2,85,000 |
| Hyderabad | ₹2,95,000 |
| Kolkata | ₹2,85,000 |
Market Drivers: Why is Silver Stable Today?
The current price action is influenced by a mix of international trade shifts and geopolitical developments:
- Tariff Uncertainty: While global silver prices were recently bolstered by safe-haven demand due to U.S. trade policy volatility, the market is currently “pricing in” the latest Supreme Court rulings and trade negotiations, leading to a temporary plateau.
- US-Iran Negotiations: Progress in nuclear talks between the US and Iran has slightly eased the geopolitical risk premium that was driving silver toward record highs.
- Gold’s Lead: Gold is currently holding steady near ₹1,61,570 per 10g. Since silver typically follows gold’s price movements but with higher volatility, its current stability suggests it is waiting for a clear signal from the gold market.
- Industrial Demand: In 2026, silver remains essential for the solar energy and electronics sectors. This fundamental demand provides a strong “floor” for prices, preventing any deep crashes even during profit-booking phases.
February 2026: A Month of Extremes
To understand today’s price, it helps to look at the month’s performance:
- Monthly High: ₹3,50,000 (Feb 1)
- Monthly Low: ₹2,55,000 (Feb 18)
- Current Rate: ₹2,84,900 (Feb 27)
Overall, silver has seen a falling trend of about 18% throughout February, making the current levels significantly more attractive than the astronomical peaks seen at the start of the year.
Buyer’s Tip: Silver ETFs vs. Physical Silver
If you find the current price of nearly ₹2.85 lakh per kg too high for a lump-sum purchase, consider Silver ETFs (Exchange Traded Funds). These allow you to invest in silver in small units, saving you from the storage hassles and making charges associated with physical silver bricks or coins.