Silver Rate Today, February 08, 2026: Check Latest Prices of White Metal in Delhi, Mumbai, Chennai, and Other Major Cities
Today, silver rates (silver prices) in India stabilised at INR 2,85,000 per kg, marking an INR 10,000 recovery from weekly lows. While the metal remains nearly 32 per cent below its January peak of INR 4.20 lakh, today's rebound to INR 285 per gram suggests a technical correction. Retail rates were uniform across major metros like Mumbai, Delhi, and Chennai.
New Delhi, February 8: Following a period of unprecedented volatility that saw prices crash from historic highs, the silver market in India showed signs of stabilisation on Sunday, February 8. Retail silver prices rebounded to INR 2,85,000 per kilogram, reflecting a recovery of approximately INR 10,000 from the recent lows seen earlier in the week. This corrective rally comes after a brutal sell-off in late January and early February, during which the industrial metal fell nearly 32 per cent from its lifetime peak of over INR 4.20 lakh per kilogram. Scroll below to check silver prices in major Indian cities like Delhi, Mumbai, Chennai, Hyderabad, Bengaluru, Ahmedabad, Kolkata, Pune, Kerala, and Vadodara.
Domestic Silver Rates by Quantity
The price recovery was uniform across major Indian retail hubs today. Silver Rate Today, February 07, 2026: Check Latest Prices of White Metal in Delhi, Mumbai, Chennai, and Other Major Cities.
As of Sunday morning, the national average rates for silver (excluding GST and making charges) are:
- 1 Kilogram: INR 2,85,000
- 100 Grams: INR 28,500
- 10 Grams: INR 2,850
- 1 Gram: INR 285
Since markets typically remain closed on Sundays for official bullion fixing, these rates are expected to hold steady until the opening of the Multi-Commodity Exchange (MCX) on Monday morning.
City-Wise Silver Prices in Major Metros
While the broader trend was positive, localised demand and transportation costs resulted in consistent pricing across most tier-1 cities today. Check silver rates (silver prices) in Delhi, Mumbai, Chennai, Hyderabad, Bengaluru, and other cities below.
Silver Rates Today As of February 8, 2026 (Per Kilogram)
| City | Silver Price Today |
| Delhi | INR 2,85,000 |
| Mumbai | INR 2,85,000 |
| Chennai | INR 2,85,000 |
| Hyderabad | INR 2,85,000 |
| Bengaluru | INR 2,85,000 |
| Ahmedabad | INR 2,85,000 |
| Kolkata | INR 2,85,000 |
| Pune | INR 2,85,000 |
| Kerala | INR 2,85,000 |
| Vadodara | INR 2,85,000 |
Market Context: From 'Bubble' to Stabilisation
The recent trajectory of silver has been described by market analysts as a "speculative bubble" that burst following the Union Budget 2026. After hitting a record USD 121 per ounce in international markets on January 29, silver faced a wave of liquidations triggered by higher margin requirements at global exchanges like the CME. Gold Rate Today, February 08, 2026: Check 22K & 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities.
In the domestic market, the price dropped by nearly INR 1.34 lakh per kg in a single week. Today's recovery to the INR 2.85 lakh mark is seen by some as a "technical rebound," as investors find value at lower levels despite a firm US dollar and hawkish signals from the Federal Reserve.
(The above story first appeared on LatestLY on Feb 08, 2026 08:00 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).