In the ever-evolving Indian bullion market, silver has transcended its status as a mere ornamental metal to become a strategic asset for both industrial giants and retail investors. Whether you are planning a jewelry purchase or looking to diversify your investment portfolio, staying updated on the daily fluctuations is essential.
Below is a comprehensive analysis of the silver price in India today, market trends, and the factors driving these valuations.
Today’s Silver Price in India (February 12, 2026)
According to the latest data from Goodreturns, silver prices in India have remained largely stable with a slight downward correction today.
| Weight | Today’s Price (INR) | Yesterday’s Price (INR) | Change |
| 1 Gram | ₹295 | ₹290.00 | ▲ ₹5 |
| 10 Grams | ₹2,950 | ₹2,900 | ▲ ₹50 |
| 100 Grams | ₹29,500 | ₹29,000 | ▲ ₹500 |
| 1 Kilogram | ₹2,95,000 | ₹2,90,000 | ▲ ₹5,000 |
Note: Prices may vary slightly across different cities due to local taxes, transportation costs, and octroi.
City-wise Silver Rates Today
Silver prices often differ across Indian metros based on local demand and logistics. Here is a look at the rates in major cities:
- Mumbai: ₹2,95,000 per kg
- Delhi: ₹2,95,000 per kg
- Chennai: ₹3,00,000 per kg (typically higher due to massive southern demand)
- Hyderabad: ₹3,00,000 per kg
- Bangalore: ₹2,95,000 per kg
- Kolkata: ₹2,95,000 per kg
Market Analysis: Why is Silver Fluctuating?
The early part of 2026 has been a “rollercoaster” for silver. After hitting a historic peak of over ₹4,00,000 per kg in late January 2026, the market has seen a correction. Here are the primary drivers:
- Industrial “Super-Cycle”: Silver is a “green metal.” The massive expansion of solar panel (PV cell) manufacturing and the AI chip boom have created a structural supply deficit, keeping long-term prices bullish.
- Currency Fluctuations: The Indian Rupee (INR) has faced pressure against the US Dollar. Since India imports the majority of its silver, a weaker Rupee makes the “white metal” more expensive for domestic buyers.
- Gold Price Correlation: Historically, silver follows gold’s lead. With gold prices trading near all-time highs due to global geopolitical tensions, silver has maintained a strong support level despite recent corrections.
- Safe-Haven Demand: Amidst global economic uncertainty, investors are increasingly turning to Silver ETFs and physical bullion as a hedge against inflation.
Historical Performance at a Glance
The growth of silver in India has been exponential over the last year:
- Last 6 Months: Prices have surged by approximately 126%.
- 1-Year Return: Silver has delivered a staggering 160%+ return, significantly outperforming many equity indices.
- February Trend: After starting the month at ₹3,50,000/kg, the metal is currently in a “cooling off” phase, making it a potentially attractive entry point for long-term accumulators.
Tips for Buying Silver in India
If you are looking to buy silver today, keep these points in mind:
- Check the Purity: Always look for Bureau of Indian Standards (BIS) Hallmarking. For silver, 999 purity is considered the standard for bullion (coins/bars).
- Understand Making Charges: When buying jewelry or silverware, making charges can add 10% to 25% to the base price. These are not recoverable when you sell the metal back.
- Consider Digital Silver: For investment purposes, Silver ETFs (Exchange Traded Funds) or Digital Silver allow you to invest without the hassle of physical storage or theft risks.
- Monitor MCX Rates: Domestic prices in India are heavily influenced by the Multi Commodity Exchange (MCX). Tracking the “March or May Futures” can give you a hint of where the price is headed tomorrow.
Conclusion
While today’s minor dip of ₹100 per kg offers a slight relief, the overall trend for silver in 2026 remains aggressively bullish. For the latest live updates and city-specific rates, always refer to a trusted source like Goodreturns Silver Prices.