Silver Price Today: Silver prices in India remained largely steady in early morning trade on Wednesday, February 5, 2026, as domestic bullion markets tracked mixed global cues and cautious investor sentiment. The white metal, widely used both as a precious investment asset and an industrial commodity, continues to attract attention from buyers looking for diversification beyond gold.
According to market participants, silver prices are moving within a narrow range, supported by industrial demand expectations while facing pressure from global interest rate signals and currency movements. Investors and consumers are closely monitoring daily rates, especially as silver prices tend to show sharper intraday fluctuations compared to gold.
Silver Rate Today in India: Key Highlights
- Silver prices opened stable across major Indian cities
- Global cues and dollar movement remained key drivers
- Industrial demand continues to influence price direction
- Local taxes and transportation costs cause city-wise variation
Unlike gold, silver prices are more sensitive to global economic activity due to their extensive industrial usage in electronics, solar panels, and manufacturing sectors.
Silver Price Today in Major Indian Cities (Per Kg)
Below are indicative early-morning silver rates for February 5, 2026, based on prevailing bullion market trends. Actual prices may vary depending on jewellers, bullion dealers, and local levies.
| City | Silver Price (₹/kg) |
| Delhi | Around ₹84,000 |
| Mumbai | Around ₹83,800 |
| Chennai | Around ₹86,000 |
| Kolkata | Around ₹84,200 |
| Bengaluru | Around ₹83,900 |
| Hyderabad | Around ₹85,500 |
Note: Silver prices are indicative and subject to change during the day. GST, making charges, and dealer margins may apply.
What Is Driving Silver Price Today?
Silver price today in India is influenced by a combination of global and domestic factors, making it more volatile than other precious metals.
Global Market Trends
International silver prices remain sensitive to:
- Movements in the US dollar
- Global interest rate expectations
- Industrial demand outlook from major economies
- Commodity market sentiment
Any shift in global economic data or central bank commentary can quickly reflect in silver prices.
Industrial Demand vs Investment Demand
Unlike gold, silver has a dual role:
- As an investment asset (coins, bars, ETFs)
- As an industrial metal used in electronics, renewable energy, and medical equipment
Strong industrial demand often provides price support, even when investment demand weakens.
Silver vs Gold: How Prices Compare
While gold is traditionally seen as a safer hedge, silver often attracts buyers due to its lower price point and higher volatility, which can offer opportunities during price swings.
Market observers note:
- Silver tends to outperform gold during periods of strong economic growth
- Gold performs better during high uncertainty and risk-off phases
As a result, many investors track silver price today alongside gold rates when planning portfolio allocation.
Why Silver Prices Vary Across Cities
Silver prices differ from city to city due to:
- Local taxes and octroi (where applicable)
- Transportation and logistics costs
- Demand-supply dynamics in regional markets
Southern cities like Chennai and Hyderabad often report slightly higher silver rates due to stronger demand and additional handling costs.
Recent Trend: How Silver Has Moved
Over recent weeks, silver prices have shown range-bound movement, reflecting uncertainty in global markets. While sharp rallies have been limited, strong downside has also been capped by industrial consumption and long-term demand expectations.
Analysts describe the current phase as consolidation, with traders waiting for clearer global cues.
Is This a Good Time to Buy Silver?
Market experts suggest that silver buyers should:
- Avoid timing the market aggressively
- Consider staggered purchases to average cost
- Track global economic indicators alongside domestic rates
For long-term investors, silver continues to be viewed as a strategic diversification asset, though short-term volatility should be expected.
Silver Price Today: Impact on Consumers and Investors
For Jewellery Buyers
Silver jewellery buyers may benefit from stable prices, especially for bulk purchases or wedding-related buying.
For Investors
Silver bars and coins remain popular among retail investors due to affordability compared to gold.
For Traders
Higher volatility offers opportunities, but risk management remains crucial.
How to Check the Latest Silver Price Daily
Consumers are advised to:
- Check rates early in the morning as prices are updated daily
- Compare prices across local bullion dealers
- Confirm GST and additional charges before purchase
Silver prices are usually revised in line with international markets and currency movement.
What to Watch Going Forward
Silver prices in the coming days will depend on:
- Global economic data releases
- Industrial demand outlook
- Currency market movements
- Trends in gold and base metals
Any sharp move in global commodities could quickly reflect in domestic silver prices.
Key Takeaways: Silver Price Today February 5, 2026
- Silver prices opened steady across major Indian cities
- Global cues and industrial demand remain key drivers
- City-wise rates vary due to local factors
- Silver remains a volatile but important investment asset
The silver price today reflects a cautious but stable market environment, making it important for buyers and investors to stay updated with daily movements before making decisions.
Last Updated on: Thursday, February 5, 2026 4:28 pm by Indian News Bulletin Team | Published by: Indian News Bulletin Team on Thursday, February 5, 2026 4:28 pm | News Categories: News
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