Silver Rate Today 13th February 2026: Silver is up by 2.22%; check prices in Mumbai, Bengaluru, Hyderabad, Delhi, Ahmedabad
In the domestic market, silver futures on the MCX jumped by roughly 2.22%, reflecting a renewed interest from buyers as global markets stabilize. While the metal is still trading significantly below its January peaks, this green day provides a bit of a breather for investors.
Silver Rates Today: City-Wise Breakdown
Prices can vary slightly across India due to local taxes, transportation costs, and regional demand. Here is how the rates look for 1 kg of silver in major hubs:
City
Silver Price (per kg)
Mumbai
₹2,95,100
Delhi
₹2,95,100
Bengaluru
₹2,95,100
Hyderabad
₹2,99,900
Ahmedabad
₹2,95,100
Chennai
₹2,99,900
What’s Driving the 2.22% Jump?
You might be wondering why the "poor man's gold" decided to rally today. It’s rarely just one thing, but rather a cocktail of economic factors:
- Bargain Hunting: After silver corrected from its January highs (where it touched nearly ₹4 lakh/kg), many investors saw the recent dip as a "sale." This value-buying has helped push prices back up toward the ₹3 lakh mark.
- Industrial Appetite: 2026 is a big year for green tech. Silver is a critical component in solar panels, EV batteries, and 5G infrastructure. With India’s aggressive push into renewables, physical demand remains a solid floor for prices.
- Global Cues: A slight softening in the US Dollar and shifting expectations regarding interest rate cuts have made precious metals more attractive globally. When the dollar weakens, silver usually shines.
Looking Ahead: Should You Buy?
If you are buying for a wedding or as a long-term investment, the current correction from the January "flash crash" might look like a reasonable entry point. Analysts suggest that while volatility is here to stay for February, the structural deficit where the world uses more silver than it mines—remains a strong long-term tailwind.
However, if you're looking for a quick trade, keep a close watch on the ₹3,00,000 per kg level. Breaking past that psychological barrier could signal a stronger bull run, while failing to hold it might mean more "sideways" movement for a while.
