Stay informed about the silver price today in India to make the best decisions for your investments and household purchases. As a versatile metal with high industrial demand and cultural significance, silver remains a popular choice for diversifying portfolios.
As of February 16, 2026, silver prices in India have experienced a minor dip, continuing the volatile trend observed throughout the month.
Today’s Silver Prices in India (INR)
According to the latest data from Goodreturns, the current rates for silver are as follows:
| Unit | Today’s Price (INR) | Yesterday’s Price (INR) | Price Change |
| 1 Gram | ₹274.90 | ₹275 | – ₹0.10 |
| 10 Grams | ₹2,749 | ₹2,750 | – ₹1 |
| 100 Grams | ₹27,490 | ₹27,500 | – ₹10 |
| 1 Kilogram | ₹2,74,900 | ₹2,75,000 | – ₹100 |
Silver Rates in Major Indian Cities
Silver prices can vary across different regions due to local taxes, state-level duties, and transportation costs. Here are the today’s rates per kilogram in key cities:
- Mumbai, Delhi, Kolkata, Bangalore: ₹2,74,900 per kg
- Chennai, Hyderabad, Kerala: ₹2,79,900 per kg
- Pune, Ahmedabad, Lucknow: ₹2,74,900 per kg
Note: Southern cities like Chennai and Hyderabad often trade at a slight premium compared to other metros.
February 2026 Price Trend and Performance
The silver market has seen significant movement this month. After reaching a monthly high of ₹3,50,000 per kg on February 1st, the metal has entered a “Falling” trend.
- Monthly High: ₹3,50,000 (Feb 1, 2026)
- Monthly Low: ₹2,74,900 (Feb 16, 2026)
- Overall Performance: Falling (Current monthly change: approx. -21.46%)
Why Invest in Silver?
Silver is often called the “poor man’s gold,” but its industrial utility makes it a unique asset class.
- Industrial Demand: Silver is essential in electronics, solar panels, and medical equipment, ensuring a baseline demand.
- Hedge Against Inflation: Like gold, silver is a tangible asset that tends to retain value when paper currencies fluctuate.
- Affordability: The lower entry price compared to gold allows small-scale investors to accumulate larger quantities over time.
Key Factors Influencing Silver Rates Today
- International Spot Prices: Global market trends and the performance of silver on the COMEX exchange directly impact Indian rates.
- US Dollar Strength: Since precious metals are priced in USD, a stronger dollar usually leads to lower silver prices in local terms.
- Crude Oil Prices: Silver mining and transport are energy-intensive; changes in oil prices often reflect in the final cost of the metal.
- Import Duties & GST: In India, silver attracts a GST of 3%, plus various import duties that can change based on government policy.
Conclusion
For retail buyers, the current price of ₹274.90 per gram marks the lowest point for silver so far in February. While the trend remains bearish, this correction may offer a strategic window for long-term investors. Always monitor real-time updates to catch the next market shift.
For live updates, historical charts, and city-wise rates, visit the Goodreturns Silver Price Page.