Silver Price Today (Feb 9, 2026): Silver Falls on Monday, Check Latest Rates and Market Outlook

Silver prices started the week on a weaker note, with rates declining in the domestic spot market. On Monday, silver traded around ₹4,000 per kilogram lower than the previous closing price. In Delhi, the silver price stood at ₹2,84,900 per kg, a rate mirrored across several major Indian cities.

While domestic prices showed a downward trend, international silver prices witnessed a mild recovery

. On February 9, silver surged nearly 4.9% in global markets, trading above $80 per ounce as investors stepped in to buy at lower price levels.

Why Are Silver Prices Under Pressure in India?

Silver futures in India recently settled at ₹2,49,499 per kg, marking a slight 0.16% decline from previous levels. Earlier, due to weak global sentiment, prices had dropped close to ₹2.30 lakh per kg

.

Ongoing market volatility, profit booking, and shifting global economic signals have contributed to fluctuations in domestic silver prices.

Global Economic Signals Impacting Silver

Recent macroeconomic data from the United States has added uncertainty to commodity markets. The ADP private payroll report revealed that only 22,000 jobs were added in January

, far below the expected 48,000.

Additionally, US Federal Reserve Governor Lisa Cook stated that inflation risks remain persistent, suggesting that aggressive interest rate cuts may not happen soon. These factors have influenced investor sentiment toward precious metals like silver.

Geopolitical Developments and Safe-Haven Demand

Geopolitical tensions between Iran and the United States

appear to have eased following confirmation of diplomatic talks in Oman. As a result, safe-haven demand has softened, slightly impacting precious metal prices.

Silver Price Outlook: Expert Forecast

According to Augmont’s February 7 market report, silver is expected to consolidate within the $70–$90 per ounce range, translating to roughly ₹2.25 lakh to ₹2.85 lakh per kg

in the domestic market.

Expert Trading Strategy:

• Buy on price dips

• Book profits during rallies

• If silver falls below $70 per ounce, prices could decline further toward $64, or around ₹2 lakh per kg

Given ongoing volatility, analysts advise traders and investors to stay cautious and adopt disciplined trading strategies.

Silver Price Today in Major Indian Cities (Feb 9, 2026) City Silver Price per Kg (₹)

Delhi	2,84,900
Mumbai	2,84,900
Ahmedabad	2,84,900
Chennai	2,84,900
Kolkata	2,84,900
Hyderabad	2,84,900
Jaipur	2,84,900
Bhopal	2,84,900
Lucknow	2,84,900
Chandigarh	2,84,900

Investor Takeaway

Silver prices remain highly volatile, influenced by global economic data, geopolitical developments, and industrial demand trends. While international markets show signs of recovery, domestic prices continue to face selling pressure.

Short-term traders should closely monitor key price levels, while long-term investors may find value-buying opportunities during price corrections.