Silver Rates Today Crash Hard; Silver In Chennai, Hyderabad Fall Most By Rs 20,000; Silver Prices City-Wise

Silver rates in India dropped sharply on February 13, but the biggest fall was seen in cities like Chennai, Hyderabad and Kerala where 1Kg silver was at Rs 3 lakh mark till yesterday. 1Kg silver price dropped by Rs 20,000 in these three cities, while the decline was to the tune of Rs 15,000 in cities like Bengaluru, Mumbai, Delhi, and Kolkata among others. Silver rates fell despite upside momentum in MCX silver futures and spot silver price.

Silver Rates In India:

1Kg silver price dropped by Rs 15,000 to Rs 2.80 lakh, while 100 grams and 10 grams silver prices fell by Rs 1,500 and Rs 150 to Rs 28,000 and Rs 2,800. Also, 8 grams silver dipped by Rs 120 to Rs 2,240 and 1 gram fell by Rs 15 to Rs 280.

Silver rates have crashed by 20% so far in February 2026.

Check Silver Rates In Top Cities:

City	10 Gram	100 Gram	1 Kg
Chennai	₹2,800	₹28,000	₹2,80,000
Mumbai	₹2,800	₹28,000	₹2,80,000
Delhi	₹2,800	₹28,000	₹2,80,000
Kolkata	₹2,800	₹28,000	₹2,80,000
Bangalore	₹2,800	₹28,000	₹2,80,000
Hyderabad	₹2,800	₹28,000	₹2,80,000
Kerala	₹2,800	₹28,000	₹2,80,000
Pune	₹2,800	₹28,000	₹2,80,000
Vadodara	₹2,800	₹28,000	₹2,80,000
Ahmedabad	₹2,800	₹28,000	₹2,80,000

Silver Rates In Chennai + Silver Rates In Hyderabad + Silver Rates In Kerala

Unlike cities like Mumbai, Delhi, Kolkata, Bengaluru, Pune and others, where 1Kg silver slipped by Rs 15,000, the price nosedived by Rs 20,000 in Chennai, Hyderabad and Kerala, erasing Rs 3 lakh mark eventually.

That being said, 1Kg silver is at Rs 2.8 lakh in Chennai, Kerala and Hyderabad on February 13, compared to previous day's price of Rs 3 lakh. Similarly, 100 grams and 10 grams silver rates fell by Rs 2,000 and Rs 200 to Rs 28,000 and Rs 2,800 in these cities. The 8 grams silver here is down by Rs 160 to Rs 2,240 and 1 gram silver slipped by Rs 20 to Rs 280.

MCX Silver Price:

On Friday, after closing bell, MCX silver futures with March 2026 expiry, rose by Rs 7,365 or 3.12% ending at Rs 2,43,800 per 1Kg. Silver had touched an intraday high of Rs 2,48,786 per 1Kg.

Silver Rates Prediction:

As per Ponmudi R, CEO of Enrich Money, here are the predictions for silver prices in India and globally.

Spot Silver Price Outlook

COMEX Silver is trading near the $73-$847 zone after a sharp correction from record highs above $121. While the broader bullish structure remains intact on higher timeframes, the steep pullback has pushed prices below key moving averages, indicating short-term bearish pressure and an extended corrective phase. Strong buying interest is visible in the $65-$70 support band, aligned with prior swing lows and long-term trend support.

A sustained hold above this base, followed by a recovery and close above $85-$92, could revive upside momentum toward $95-$105 and potentially retest previous highs. The medium- to long-term outlook remains constructive, supported by steady industrial demand and structural supply constraints, despite elevated volatility.

MCX Silver Price Outlook:

MCX Silver futures are trading near the Rs2,30,000-Rs2,70,000 zone after a sharp correction from record highs around Rs4,20,000. While the long-term bullish structure remains intact, the steep pullback has pushed prices below major moving averages, indicating short-term bearish pressure and an ongoing corrective phase. Strong buying interest is evident in the Rs2,25,000-Rs2,60,000 support band, aligned with prior swing lows and longer-term structural support.

A sustained hold above this base, followed by a decisive recovery, could revive upward momentum toward Rs3,00,000-Rs3,25,000. Dips toward support continue to offer accumulation opportunities for positional traders, though a decisive break below these levels could accelerate downside pressure and extend the correction.

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