What is the Silver price today in India on February 11?

MCX silver futures were up about 5.5% to ₹2,66,450 per kg. In Delhi, physical market quotes hovered near ₹2.90 lakh per kg. Globally, spot silver traded around $85.51 per ounce. Quotes can vary by city, purity, and dealer premiums, so always confirm live rates before executing orders.

Why did silver prices jump today?

The rebound reflects stronger global cues, short covering, and event risk ahead of key US data that could shift rate expectations. A softer dollar and lower real yields typically support bullion. Intraday, the MCX silver rate also tracked tighter supply at retail counters, which widened buy-sell spreads temporarily.

Is the MCX silver rate the same as city retail prices?

No. MCX reflects futures pricing, carry costs, and positioning. City quotes include GST at 3%, dealer margins, and delivery premiums. During volatile sessions, the retail silver rate today may lag MCX moves intraday. Prices usually converge as supply arrives and arbitrage normalizes the basis.

Should I buy silver now or wait?

If you are a trader, follow your plan, use stops, and size small in high volatility. If you are a buyer, stagger purchases and compare quotes across cities. For long-term allocation, avoid timing perfection; allocate in tranches and review after key US data shifts the trend.

Global Market Insights

Silver Today, February 11: MCX +5.5%, Delhi at ₹2.90 lakh/kg

ByDanny Kontos February 11, 2026February 11, 2026

Silver price today in India rebounded sharply on February 11. MCX futures rose about 5.5% to ₹2,66,450 per kg, while Delhi spot quotes hovered near ₹2.90 lakh per kg, in line with gains across major cities. Globally, spot silver traded around $85.51 per ounce. The move signals rising volatility ahead of key US data that could influence Federal Reserve expectations. We explain the MCX silver rate, city prices, global drivers, and the practical steps Indian traders and buyers can take this week to manage risk and capture opportunities.