Silver rate today 5 February 2026 took a big hit. Heavy selling pushed MCX futures down hard. March 2026 contract trades at around ₹2,52,300 per kg – down 6-8% from yesterday. It even touched an intraday low of ₹2,42,006, close to a 10% lower circuit.
Open was ₹2,58,096. Previous close stood at ₹2,68,850. Right now, MCX silver sits at a clear discount to physical retail rates. That gap comes from strong profit booking and pressure in the futures market.
Also Read: Gold Rate Today 5 February 2026: Sharp Jump in Prices – Check Citywise Prices
Silver Rate Today 5 February 2026 – Citywise Retail Prices (per kg)
Retail silver includes GST and local charges, so prices stay higher than MCX levels. Here’s what you pay for 1 kg across major cities:
| City | 1 gm (₹) | 10 gm (₹) | 1 kg (₹) |
|---|---|---|---|
| Ahmedabad | 244 | 2,443 | 244,280 |
| Bangalore | 244 | 2,442 | 244,210 |
| Chennai | 245 | 2,447 | 244,730 |
| Delhi | 244 | 2,436 | 243,600 |
| Hyderabad | 244 | 2,444 | 244,400 |
| Kolkata | 244 | 2,437 | 243,690 |
| Mumbai | 244 | 2,440 | 244,020 |
| Pune | 244 | 2,440 | 244,020 |
| Surat | 244 | 2,443 | 244,340 |
Note: Silver rate today 5 February 2026 looks much cheaper on paper than last week. But if you’re buying coins, bars, or jewellery, check your local shop – rates move fast. Many people wait for days like this to pick up silver at better levels. Keep watching.
Disclaimer: This content is for informational purposes only and should not be considered professional [financial/legal/medical] advice. Always seek the advice of a qualified professional before making any decisions based on this information.
Sources & References
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.
