Mumbai, February 21: The silver rate across major Indian cities remained steady on Saturday, February 21, following a volatile week that saw a significant recovery from multi-month lows. Scroll below to check silver prices in major Indian cities like Delhi, Mumbai, Chennai, Hyderabad, Bengaluru, Ahmedabad, Kolkata, Pune, Kerala, and Vadodara.

In the national capital, silver was trading at INR 2,69,900 per kilogram, showing a marginal dip compared to Friday’s close. While the "white metal" has recovered nearly INR 15,000 from the lows hit earlier this week, it continues to trade well below the record highs seen in late January. Gold Rate Today, February 21, 2026: Check 22K & 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities.

City-Wise Silver Rates As of February 21

While silver prices are generally standardised across India, minor differences can occur based on local taxes and transportation costs.

Silver Rates Today As of February 21, 2026 (Per Kilogram)

City Silver Price Today
Delhi INR 2,69,900
Mumbai INR 2,69,900
Chennai INR 2,69,900
Hyderabad INR 2,69,900
Bengaluru INR 2,69,900
Ahmedabad INR 2,69,900
Kolkata INR 2,69,900
Pune INR 2,69,900
Kerala INR 2,69,900
Vadodara INR 2,69,900

Silver Rate Today: Price Movement Across Metro Cities

Silver rates exhibited a rare uniformity across most urban hubs today. In Mumbai, Kolkata, and Bengaluru, the price for 1 kg of silver was recorded at INR 2,69,900. Market analysts suggest this stabilisation indicates a "wait-and-watch" approach by retail investors after the sharp price correction witnessed in mid-February.

In southern markets like Chennai and Hyderabad, silver prices matched the national average at INR 2,69,900 per kg. Traditionally, Chennai often carries a slight premium due to higher physical demand, but current local market dynamics have brought it at par with other metros. Silver Rate Today, February 20, 2026: Check Latest Prices of White Metal in Delhi, Mumbai, Chennai, and Other Major Cities.

Industrial Demand and Global Factors

The pause in silver's rally is largely attributed to a steadying US Dollar and cooling geopolitical tensions which had previously pushed investors toward safe-haven assets. On the Multi Commodity Exchange (MCX), silver futures for the March expiry were seen trading in a narrow range near INR 2,64,000 per kg.

Unlike gold, silver's price is heavily influenced by industrial consumption. Experts note that while investment demand has been shaky, steady requirements from the electronics and renewable energy sectors, particularly solar panel manufacturing—are providing a necessary floor for the prices.

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(The above story first appeared on LatestLY on Feb 21, 2026 08:02 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).