{"id":"f-445134d771-ff3d5d00-081c-5dcf-bd7a-7f8022cec608","title":"Silver Rate Today (2 February 2026): Silver Prices Edge Lower in India as Global Cues Stay Muted - Check Rates in Bengaluru, Chennai, Hyderabad, Mu...","description":"On February 2, 2026, silver prices in India fell slightly, attributed to global market trends and stable currency exchange rates. Current prices are Rs 349.90 per gram and Rs 3,49,900 per kilogram, reflecting a minor decline from the previous day.","timestamp":1770456060,"category":"business","headline":"Silver Rate Today (2 February 2026): Silver Prices Edge Lower in India as Global Cues Stay Muted - Check Rates in Bengaluru, Chennai, Hyderabad, Mu...","modifiedHeadline":"Silver Prices Dip in India Today","subCategories":["scid_6a7129b0"],"region":"IN","bundleMetaData":{"bundleId":"ece1ae3d-908e-48c7-9e53-a4aa910ee4db","bundleTitle":"Grow Your Money","cardData":null},"iabCategoryId":"410","fcSummary":"silver prices in india saw a slight dip on february 2, 2026, influenced by global cues and a stable rupee. despite the modest decline, silver's dual role as an industrial metal and investment asset keeps it in focus, with future price movements dependent on global trends, currency fluctuations, and industrial demand.","summary":"Silver prices in India dip slightly on Feb 2, 2026, influenced by global markets and stable currency.","ctaUrl":"https://trends.glance.com/newz/news/IN/en/timesnow/f-445134d771-ff3d5d00-081c-5dcf-bd7a-7f8022cec608","sourceUrl":"https://www.timesnownews.com/business-economy/economy/silver-rate-today-2-february-2026-silver-prices-edge-lower-in-india-as-global-cues-stay-muted-check-rates-in-bengaluru-chennai-hyderabad-mumbai-delhi-article-153545632","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/iDTIppyJDEM0.webp","content":"

Silver prices in India witnessed a marginal dip on 2 February 2026, reflecting subdued global cues and stable currency movement. As of today, silver is

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priced at Rs 349.90 per gram and Rs 3,49,900 per kilogram, down slightly from the previous session. The decline is modest but visible across retail and bulk quantities, indicating cautious sentiment in the precious metals market. Silver Rates Today: Key Highlights

Silver per gram: Rs 349.90 (down Rs 0.10)
Silver per kilogram: Rs 3,49,900 (down Rs 100)

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\nThis small correction comes after recent volatility in bullion prices, as investors continue to track global economic signals and currency trends.\n
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What Determines Silver Prices in India?

Silver prices in India are primarily influenced by:\n
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International silver prices, which fluctuate based on global demand, industrial usage, and investment trends
Rupee–Dollar exchange rate, as silver is traded globally in US dollars

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\nIf the rupee weakens against the dollar while global silver prices remain stable, domestic silver prices tend to rise. Conversely, a stronger rupee can soften prices even if international rates hold steady.\n
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Silver Price Per Gram and Kilogram (INR)

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Quantity	Today	Yesterday	Change
1 gram	Rs 349.90	Rs 350.00	- Rs 0.10
8 grams	Rs 2,799.20	Rs 2,800.00	- Rs 0.80
10 grams	Rs 3,499	Rs 3,500	- Rs 1
100 grams	Rs 34,990	Rs 35,000	- Rs 10
1 kg	Rs 3,49,900	Rs 3,50,000	- Rs 100

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Silver Rates in Major Indian Cities

Silver prices vary across cities due to local taxes, transportation costs, and regional demand.\n
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City	10 gram	100 gram	1 kg
Chennai	Rs 3,199	Rs 31,990	Rs 3,19,900
Mumbai	Rs 3,499	Rs 34,990	Rs 3,49,900
Delhi	Rs 3,499	Rs 34,990	Rs 3,49,900
Kolkata	Rs 3,499	Rs 34,990	Rs 3,49,900
Bangalore	Rs 3,499	Rs 34,990	Rs 3,49,900
Hyderabad	Rs 3,199	Rs 31,990	Rs 3,19,900
Kerala	Rs 3,199	Rs 31,990	Rs 3,19,900
Pune	Rs 3,499	Rs 34,990	Rs 3,49,900
Ahmedabad	Rs 3,499	Rs 34,990	Rs 3,49,900
Jaipur	Rs 3,499	Rs 34,990	Rs 3,49,900
Patna	Rs 3,499	Rs 34,990	Rs 3,49,900
Chandigarh	Rs 3,499	Rs 34,990	Rs 3,49,900
Coimbatore	Rs 3,199	Rs 31,990	Rs 3,19,900
Vijayawada	Rs 3,199	Rs 31,990	Rs 3,19,900
Bhubaneswar	Rs 3,199	Rs 31,990	Rs 3,19,900

MCX silver slides sharply on profit booking

Silver, however, has witnessed far sharper and more volatile moves in recent sessions. March silver futures settled at Rs 2,91,922 per kg, marking a steep decline of Rs 1,28,126—or nearly 30.5 per cent—from the record high of Rs 4,20,048 per kg. Market analysts attribute this heightened volatility to uncertainty surrounding industrial demand, especially from manufacturing and green-energy sectors, along with heavy profit booking after silver’s strong rally. The weakness deepened on February 1, when MCX silver prices plunged Rs 23,436 per kg, or 8.03 per cent, to Rs 2,68,489 per kg. In contrast, gold showed relative resilience, recovering part of its losses after suffering a sharp 9 per cent fall in the previous session, underscoring the divergent momentum between the two precious metals.\n
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\nWhile today’s dip is minor, silver remains in focus due to its dual role as an industrial metal and investment asset. Any sharp movement in the dollar, global interest rate expectations, or industrial demand—especially from electronics and renewable energy sectors—could influence prices in the coming sessions.\n
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\nInvestors and buyers are advised to keep an eye on both global silver trends and currency movements before making near-term purchase decisions.\n
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Silver Rate Today (2 February 2026): Silver Prices Edge Lower in India as Global Cues Stay Muted - Check Rates in Bengaluru, Chennai, Hyderabad, Mu...

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