Silver Rates Crash Rs 50,000 In 6 Days; 1 Gram, 100 Grams, 1Kg Silver Prices In Chennai, Hyderabad On Feb-18

Silver rates in India continue to be under pressure on February 18. But in two cities, namely Chennai and Hyderabad, 1 kg silver price is still higher than compared to other metro cities. 1Kg silver price is currently at Rs 2.60 lakh in these two cities despite decline of Rs 50,000 in six days.

Silver rates in the two cities are similar. On February 18, 1Kg silver dropped by Rs 5,000 each in Chennai and Hyderabad to Rs 2.60 lakh. Meanwhile, 100 grams and 10 grams silver dropped by Rs 500 and Rs 50 to Rs 26,000 and Rs 2,650. Further, 8 grams silver is down by Rs 40 to Rs 2,080 and 1 gram silver is lower by Rs 5 to Rs 260.

Notably, this performance comes after silver rates were unchanged on February 17, but down by Rs 15,000 on February 16. However, silver prices were unchanged on February 15th and February 14th. The biggest single-day decline in past ten days was seen on February 13, where 1Kg silver slipped by Rs 20,000.

From February 13th to February 18th, silver has crashed by Rs 50,000 per 1Kg. Also, in the past ten days, silver has either been bearish or muted. The last gain was of Rs 15,000 on February 9th in these cities.

That being said, silver has plunged by nearly 19% in February 2026 so far.

What Is Impacting Silver Rates?

As per Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA), the silver market is experiencing a more severe downturn due to the general sell-off in commodities. Due to the higher volatility of the silver market, the price drop has been more severe, influenced by both investment and industrial sentiment cues.

While the current pressure may continue, intense corrections tend to lure in buyers once markets calm down.

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