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Silver prices witnessed a sharp rise on Wednesday, February 4, creating strong buzz in the bullion market. During morning trade, silver recorded a jump of over ₹13,000 per kilogram. If this bullish momentum continues, the price of silver may soon touch the ₹3 lakh per kg mark.
On the Multi Commodity Exchange (MCX), silver was trading near ₹2,81,995 per kg around 9:30 AM, reflecting strong buying interest.
MCX Silver Price Today
At 10:13 AM, silver was trading at ₹2,81,901 per kg on MCX, up by ₹13,886 per kg. The metal has shown high volatility today, with a low of ₹2,75,044 per kg and a high of ₹2,84,094 per kg so far.
Today’s Trading Range
- Day’s Low: ₹2,75,044 per kg
- Day’s High: ₹2,84,094 per kg
This wide range highlights strong market activity and growing investor interest.
Silver Prices Across Major Cities
Here’s a look at the current silver rates in different cities:
| City | Silver Price (₹/kg) |
|---|---|
| Patna | 3,20,000 |
| Jaipur | 3,20,000 |
| Kanpur | 3,20,000 |
| Lucknow | 3,20,000 |
| Bhopal | 3,20,000 |
| Indore | 3,20,000 |
| Chandigarh | 3,20,000 |
| Raipur | 3,20,000 |
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Where Is Silver Cheapest and Costliest?
According to the table, Patna currently offers the lowest silver price at ₹2,82,180 per kg. On the other hand, Kanpur and Lucknow are witnessing the highest rates, with silver priced at ₹2,82,840 per kg.
Will Silver Touch ₹3 Lakh per Kg?
With sustained buying and positive global cues, market experts believe silver prices could move closer to ₹3 lakh per kg in the coming days. However, investors are advised to keep a close watch on market trends before making any investment decisions.
Also Read: Silver Price Today 2 Feb 2026: ₹17,000 Drop, City-wise Rates & Expert Support
