Silver Rate Today 3 February 2026 keeps sliding. After a shocking three-day crash of ₹1.20 lakh per kg, the metal fell further today. According to IBJA, 1 kg silver now stands at ₹2,59,500, down ₹6,251 from yesterday. That’s a massive 36% drop from the January 29 peak of ₹4,04,500.
Silver Rate Today 3 February 2026
| Weight | Latest Rate (Feb 3) | Previous Rate | Change |
|---|---|---|---|
| 10 Grams | ₹2,999 | ₹3,061 | -₹62 |
| 100 Grams | ₹29,990 | ₹30,610 | -₹620 |
| 1 Kilogram | ₹2,99,500 | ₹3,05,751 | -₹6,251 |
On MCX, March silver futures show wild swings. They hit lower circuits earlier but today tried to recover, trading roughly ₹2,64,552
The crash came from multiple hits at once. CME raised margins over 15%, forcing traders to sell fast. Kevin Warsh’s Fed Chair nomination strengthened the dollar. No import duty cut in Budget 2026 triggered heavy profit booking. Plus, calmer US-Iran ties cut safe-haven buying.
Across 25 major cities, silver holds steady at ₹2,99,900 per kg today after Monday’s ₹52,000 single-day plunge.
Unlike silver, gold stayed steadier. 24K gold rose slightly by ₹49 to ₹1,48,746 per 10 grams.
Also Read: Gold Rate Today 3 February 2026: Sharp 5.6% Rebound on MCX After Trade Deal News
Silver Rate Today 3 February 2026 highlights its extra risk. As an industrial metal too, it swings harder on supply news and speculation. Experts say long-term demand from solar, EVs, and AI looks solid, but short-term trading stays very risky right now.
Disclaimer: The information provided above is for informational and educational purposes only and does not constitute financial, investment, or legal advice. Precious metal prices (Gold and Silver) are highly volatile and influenced by global market trends, currency fluctuations, and government policies.
Yogesh Kolhe is a business and market news writer covering the share market, company earnings, and gold and silver price movements, with a strong focus on the automobile sector. A Mechanical Engineering graduate with 5 years of share market experience, he provides data-driven, reliable insights into market and industry trends.
