Silver prices in India dipped sharply as reported on February 1 across all major cities. The price of one gram silver and one kg silver dipped ₹30 and ₹30,000, respectively compared with the previous session’s closing price. This report provides a detailed, city-by-city breakdown of the latest silver prices.
Market experts remain constructive on silver but urge investors to balance optimism with caution.
Silver Rate in India
Silver prices declinedwith the average rate settling at ₹320 per gram, down ₹30, while one kilogramme now costs about ₹3,20,000, cheaper by ₹30,000.
Silver Rate in Mumbai
Silver prices in Mumbai declined to ₹320 per gram, down ₹30, while one kilogramme now costs about ₹3,20,000, cheaper by ₹30,000.
Silver Rate in Chennai
Chennai’s silver rates have also seen a decrease to ₹3,20,000 per kg, while 1 gm of silver is available at ₹320, or ₹30 cheaper.
Silver Rate in Delhi
In Delhi, the prices moved similarly lower, tracking losses seen across major cities. The price of one kilogramme of silver dipped to ₹3,20,000 compared with ₹3,50,000 in the previous session, marking a steep ₹30,000 slide in a single day.
Silver Rate in Ahmedabad
Silver prices in Ahmedabad decreased, mirroring the downtrend seen across other parts of the country. The cost of one kilogramme fell sharply by ₹30,000 to ₹3,20,000, down from ₹3,50,000 in the previous session. In turn, 1 gm of silver was available for ₹320, cheaper by ₹30 compared with the previous session’s price of ₹350.
Silver Rate in Kolkata
In Kolkata, the white metal saw an equally strong dip, as a kilogramme became cheaper by ₹30,000 at ₹3,20,000 compared with ₹3,50,000 for which it was available yesterday.
Silver Rate in Bengaluru
In Bengaluru too, silver prices declined by ₹30 and by ₹30,000 to ₹320 per gram and to ₹3,20,000 per kg, respectively.
Silver Rates Courtesy: bankbazaar.com
Published on February 1, 2026
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