On February 5, 2026, silver prices across India held firm, reflecting steady demand in both jewellery and industrial sectors. In major cities like Hyderabad and Chennai, silver was trading around ₹320 per gram, while in states like Tamil Nadu, the price crossed ₹2.70 lakh per kilogram. The consistency in rates has reassured buyers after weeks of volatility, offering a sense of stability in the bullion market.
Global and Domestic Factors Driving Prices
Analysts point to a mix of international cues and local consumption behind today’s silver rates. Globally, silver gained strength as investors looked for safe‑haven assets amid economic uncertainty. Domestically, the wedding season and rising demand for silver ornaments have kept prices buoyant. Beyond jewellery, silver’s role in electronics and renewable energy industries continues to push demand upward, making it more than just a traditional investment.
Silver as an Investment Choice
For investors, silver has emerged as a reliable alternative to gold. With a nearly 6% surge in the last trading session, silver is proving to be a strong hedge against inflation. Traders note that its affordability compared to gold makes it attractive for small investors, while its industrial utility ensures long‑term relevance. Today’s rates highlight silver’s dual identity—precious metal for households and a critical resource for industries.
Human Side of Silver’s Value
For everyday buyers, silver is more than a commodity—it is woven into cultural traditions and personal milestones. From bridal jewellery to festive purchases, today’s prices directly influence family decisions and savings. A jeweller in Bengaluru remarked, “Silver is the people’s metal—it connects tradition with modern utility.” The firmness in rates today reassures households that their investments remain secure, while also reflecting India’s enduring relationship with this versatile metal.
Silver Rate in Metro Cities (5 Feb 2026)
