Image Source: X
On Monday, 2 February 2026, silver prices saw a sharp fall of over ₹17,000 per kilogram. Currently, 1 kg of silver is priced at ₹2,48,250. Silver has been declining continuously over the past few days. On 30 January, the price had dropped from ₹4 lakh per kg to ₹2.90 lakh per kg.
Silver Prices in Major Cities Today
| City | Price (₹ per kg) |
|---|---|
| Patna | 3,49,900 |
| Jaipur | 3,49,900 |
| Kanpur | 3,49,900 |
| Lucknow | 3,49,900 |
| Bhopal | 3,49,900 |
| Indore | 3,49,900 |
| Chandigarh | 3,49,900 |
| Raipur | 3,49,900 |
- Cheapest silver: Raipur - ₹2,43,410 per kg
- Most expensive silver: Kanpur - ₹2,47,020 per kg
Image Source: X
Recent High and Low of Silver
- Lowest price: ₹2,43,645 per kg
- Highest price: ₹2,67,501 per kg
Expert Advice on Silver Prices
Commodity expert Ajay Kedia has shared:
- First support level: ₹2,26,526.8 per kg ($70 per ounce)
- Next support level: ₹1,81,221.5 per kg ($56 per ounce)
According to him, silver is unlikely to drop below ₹1.80 lakh per kg.
Investors should keep an eye on these support levels as global demand and market conditions can impact prices.
Also Read: India Budget 2026: Top 5 Key Highlights for the Common Man
