Loading market data...
Gold vs Silver in India: Compare latest prices, state-wise and city-wise rates, market trends, volatility, and investment outlook for both precious metals in February 2026.
Gold and silver prices in India are trading near elevated levels, supported by global bullion strength, currency fluctuations, industrial demand, and resilient domestic consumption. Benchmark gold futures on MCX India are hovering near ₹1.62 lakh per 10 grams, while silver futures are trading in the upper ₹90,000 per kilogram range.
Gold functions primarily as a monetary hedge and reserve asset, while silver combines investment demand with industrial usage in solar panels, electronics, and EV manufacturing. Below is the latest consolidated pricing snapshot across India.
State-Wise Gold and Silver Prices in India
| State / UT | Gold 24K (Per 10g) | Silver (Per Kg) |
|---|---|---|
| Andhra Pradesh | ₹1,61,680 | ₹95,000 |
| Arunachal Pradesh | ₹1,61,680 | ₹95,000 |
| Assam | ₹1,61,680 | ₹95,000 |
| Bihar | ₹1,61,680 | ₹94,500 |
| Chhattisgarh | ₹1,61,680 | ₹95,000 |
| Goa | ₹1,61,680 | ₹95,000 |
| Gujarat | ₹1,61,730 | ₹94,800 |
| Haryana | ₹1,61,830 | ₹96,000 |
| Himachal Pradesh | ₹1,61,830 | ₹96,000 |
| Jharkhand | ₹1,61,680 | ₹95,000 |
| Karnataka | ₹1,61,680 | ₹95,000 |
| Kerala | ₹1,61,680 | ₹95,000 |
| Madhya Pradesh | ₹1,61,680 | ₹95,000 |
| Maharashtra | ₹1,61,680 | ₹95,000 |
| Manipur | ₹1,61,680 | ₹95,000 |
| Meghalaya | ₹1,61,680 | ₹95,000 |
| Mizoram | ₹1,61,680 | ₹95,000 |
| Nagaland | ₹1,61,680 | ₹95,000 |
| Odisha | ₹1,61,680 | ₹95,000 |
| Punjab | ₹1,61,830 | ₹96,000 |
| Rajasthan | ₹1,61,700 | ₹94,800 |
| Sikkim | ₹1,61,680 | ₹95,000 |
| Tamil Nadu | ₹1,62,770 | ₹97,000 |
| Telangana | ₹1,61,680 | ₹95,000 |
| Tripura | ₹1,61,680 | ₹95,000 |
| Uttar Pradesh | ₹1,61,680 | ₹95,000 |
| Uttarakhand | ₹1,61,830 | ₹96,000 |
| West Bengal | ₹1,61,680 | ₹95,000 |
Final invoice prices may vary depending on making charges, purity certification, and dealer margins.
Major City-Wise Gold and Silver Prices
| City | Gold 24K (Per 10g) | Silver (Per Kg) |
|---|---|---|
| Delhi | ₹1,61,830 | ₹96,000 |
| Mumbai | ₹1,61,680 | ₹95,000 |
| Bengaluru | ₹1,61,680 | ₹95,000 |
| Chennai | ₹1,62,770 | ₹97,000 |
| Kolkata | ₹1,61,680 | ₹95,000 |
| Hyderabad | ₹1,61,680 | ₹95,000 |
| Ahmedabad | ₹1,61,730 | ₹94,800 |
| Pune | ₹1,61,680 | ₹95,000 |
| Jaipur | ₹1,61,700 | ₹94,800 |
| Kochi | ₹1,61,680 | ₹95,000 |
Live retail updates can be monitored via Good Returns Gold & Silver Rates and consolidated bullion platforms such as Gold Price India.
Market Drivers: Gold vs Silver
Gold’s movement is largely influenced by geopolitical uncertainty, inflation expectations, central bank reserve accumulation, and rupee-dollar volatility. As India imports most of its bullion, currency depreciation directly impacts domestic pricing.
Silver, in contrast, derives substantial support from industrial demand. The expansion of renewable energy, photovoltaic manufacturing, semiconductor production, and electric mobility continues to provide structural strength to silver markets.
Volatility and Investment Profile
Gold typically exhibits lower volatility and acts as a portfolio stabilizer during economic uncertainty. Silver, being more industrially sensitive, tends to experience sharper price swings and higher beta movements during economic expansions.
Investment exposure through Sovereign Gold Bonds, Gold ETFs, or commodity instruments operates under frameworks governed by the Reserve Bank of India and SEBI.
Conclusion
Gold and silver play complementary roles in portfolio construction. Gold offers stability, capital preservation, and inflation hedging. Silver provides cyclical upside tied to industrial growth and renewable energy expansion.
In the current elevated pricing environment, disciplined allocation and staggered investment strategies remain prudent for both metals.
Financial journalist specializing in market analysis, stock research, and investment trends. Dedicated to providing accurate, timely insights for informed decision-making.
Credentials: Experienced financial journalist with expertise in equity markets and economic analysis
The information provided in this article is for educational and informational purposes only and should not be construed as financial, investment, or legal advice. Finscann does not provide personalized investment recommendations.
For detailed terms and conditions, please read our Disclaimer and Terms of Service.
Silver prices in India trade near the upper range amid strong industrial demand and global bullion momentum.
Russia and Iran deepen crude oil discounts to attract Chinese buyers after India cuts imports, intensifying competition in Asia’s energy market and...
Gold prices in India trade near ₹1.62 lakh per 10 grams as global uncertainty, rupee movement, and central bank demand support bullion.
Oil prices surge to 7-month highs as US-Iran talks loom, impacting global supply & demand. FinScann analyzes the outlook for crude, energy stocks,...
Silver ETFs jumped over 6% while gold ETFs gained 2% after the US Supreme Court struck down Trump-era tariffs, weakening the dollar and boosting...