Silver Price Today 5 February 2026 saw a sharp decline in the domestic futures market, creating fresh buzz among investors and bullion buyers. On the Multi Commodity Exchange (MCX), silver prices slipped noticeably as selling pressure increased amid weak global cues and profit booking.
The fall in silver prices comes after a strong rally seen in previous sessions, where prices had touched record highs. Market participants are now closely tracking volatility in precious metals as both domestic and international factors continue to influence prices.
Silver Price Today on MCX Shows Sharp Decline
On MCX, silver futures witnessed a significant fall during early trade on 5 February. Prices dropped sharply compared to the previous closing levels, indicating heavy selling by traders. The decline reflects cautious sentiment in the commodity market, especially after recent highs encouraged profit booking.
Experts believe that fluctuating global metal prices and uncertainty around interest rate outlooks are impacting investor confidence in silver futures.
Why Are Silver Prices Falling Today?
The decline in Silver Price Today is mainly driven by a mix of global and domestic factors. Weak cues from international markets, along with a stronger currency movement, have added pressure on silver prices. Additionally, traders are reducing positions after the recent surge, leading to a short-term correction.
Market volatility and changing demand trends from industrial sectors are also influencing silver price movements.
Latest Silver Rates in Major Indian Cities
Despite the fall in futures, physical silver prices remain slightly varied across major cities depending on local demand and taxes.
In Delhi, silver is trading around ₹2.70 lakh per kilogram, while Mumbai and Chennai are witnessing prices close to ₹2.69 lakh per kilogram. In Kolkata and Bengaluru, silver rates are hovering near similar levels, showing marginal differences across regions.
What Should Investors Do Now?
For investors, Silver Price Today 5 February 2026 signals caution in the short term. Experts suggest that long-term investors should keep an eye on global market trends before taking fresh positions. Short-term traders may see more volatility in upcoming sessions.
Bullion buyers, however, may find the current dip as an opportunity if prices stabilize further.
Outlook for Silver Prices Ahead
Looking ahead, silver prices are expected to remain volatile as markets react to global economic developments and demand forecasts. Any change in international metal prices or currency movement could further impact domestic silver rates.
Investors are advised to stay updated with daily price movements and market trends before making any major decisions.
