File photo: Silver rate today. | Photo Credit: Leonhard Foeger

Silver prices in India dipped sharply on February 3 across all major cities. The price of one gram silver and one kg silver dipped ₹20 and ₹20,000, respectively compared with the previous session’s closing price. This report provides a detailed, city-by-city breakdown of the latest silver prices.

Silver Rate in India

Silver prices declinedwith the average rate settling at ₹280 per gram, down ₹20, while one kilogramme now costs ₹2,80,000, cheaper by ₹20,000.

Silver Rate in Mumbai

Silver prices in Mumbai declined to ₹280 per gram, down from ₹300, while one kilogramme now costs about ₹2,80,000, cheaper by ₹20,000.

Silver Rate in Chennai

Chennai’s silver rates have also seen a decrease to ₹2,80,000 per kg, while 1 gm of silver is available at ₹280, or ₹20 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 ₹2,80,000 compared with ₹3,00,000 in the previous session, marking a steep ₹20,000 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 ₹20,000 to ₹2,80,000, down from ₹3,00,000 in the previous session. In turn, 1 gm of silver was available for ₹280, cheaper by ₹20 compared with the previous session’s price of ₹300.

Silver Rate in Kolkata

In Kolkata, the white metal saw an equally strong dip, as a kilogramme became cheaper by ₹20,000 at ₹2,80,000 compared with ₹3,00,000 for which it was available yesterday.

Silver Rate in Bengaluru

In Bengaluru too, silver prices declined by ₹20 and by ₹20,000 to ₹280 per gram and to ₹2,80,000 per kg, respectively.

Silver Rates Courtesy: bankbazaar.com

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Published on February 2, 2026