Silver Price Today – 23 February 2026: Sharp Surge in Rates, Check Latest Prices in Patna, Lucknow, Delhi and Other Cities
Silver prices have witnessed a strong upward movement on 23 February 2026, attracting the attention of investors, jewellers, and common buyers alike. The recent surge in rates is being linked to global market trends, industrial demand, currency fluctuations, and safe-haven buying sentiment. If you are planning to invest in silver or buy silver jewellery, coins, or bars, this detailed and SEO-friendly guide will help you understand the latest updates, city-wise trends, and expert insights.
Why Are Silver Prices Rising Today?
The sudden jump in silver prices is not random. Several key factors are influencing the market:
1. Global Market Trends
International bullion markets play a major role in determining domestic silver prices. When global prices rise due to increased demand or geopolitical concerns, Indian markets usually follow the trend.
2. Industrial Demand
Silver is widely used in electronics, solar panels, medical equipment, and electric vehicles. Growing industrial demand worldwide is pushing prices higher.
3. Gold-Silver Ratio
Often, investors compare silver prices with gold prices. If gold becomes expensive, many investors shift towards silver, increasing its demand.
4. Currency Movement
A weaker Indian Rupee against the US Dollar makes imported metals costlier, which directly impacts domestic silver prices.
Silver Price Today – 23 February 2026 (India Overview)
As of today, silver prices in India have seen a noticeable increase compared to previous sessions. While prices vary slightly by city due to local taxes and transportation costs, the national average shows a strong upward trend.
Silver is usually priced per kilogram and per 10 grams in India. Investors buying in bulk often look at per kilogram rates, while jewellery buyers check per 10 grams prices.
City-Wise Silver Rates Today
Below is an overview of silver price trends in major Indian cities:
Silver Price in Delhi
In Delhi, silver prices have moved upward in line with national trends. Being a major trading hub, Delhi’s bullion market reflects international price changes quickly.
Silver Price in Patna
In Patna, prices are slightly influenced by local demand and supply conditions. However, today’s surge is clearly visible here as well.
Silver Price in Lucknow
In Lucknow, bullion traders reported a sharp increase compared to last week’s rates. Retail demand is gradually picking up.
Other Major Cities
Cities like Mumbai, Kolkata, and Chennai also recorded similar upward movements in silver prices.
Note: Silver rates may vary slightly depending on jewellers, making charges, and local taxes.
Should You Invest in Silver Now?
With silver prices showing a strong upward trend, many investors are asking whether this is the right time to invest.
Long-Term Investment Perspective
Silver has historically performed well during inflationary periods. It is considered a hedge against economic uncertainty.
Portfolio Diversification
Financial experts suggest allocating a small portion (5–10%) of your portfolio to precious metals like silver for diversification.
Industrial Growth Factor
As renewable energy and electric vehicle sectors expand, silver demand is expected to remain strong in the long term.
However, short-term volatility cannot be ignored. Prices may fluctuate depending on global cues.
Silver vs Gold: Which Is Better?
Both metals have their own advantages:
| Factor | Silver | Gold |
|---|---|---|
| Affordability | More affordable | Expensive |
| Volatility | Higher | Lower |
| Industrial Use | High | Limited |
| Investment Stability | Moderate | Strong |
Silver is more volatile but offers higher percentage returns during bullish cycles.
Factors That May Affect Silver Prices in Coming Weeks
- US Federal Reserve policy decisions
- Inflation data in major economies
- Industrial production numbers
- Rupee-Dollar exchange rate
- Global geopolitical tensions
Keeping track of these factors can help investors make informed decisions.
Tips Before Buying Silver
If you are planning to buy silver today, consider these important points:
- Always check the latest market price before purchasing.
- Buy from certified and trusted jewellers.
- Ask for a proper bill and purity certification.
- Compare rates in different shops if buying in bulk.
- For investment purposes, consider silver bars or coins instead of jewellery (to avoid high making charges).
Is Silver a Good Option for 2026?
Market analysts believe that silver could remain strong in 2026 due to:
- Increasing renewable energy projects
- Rising electronics manufacturing
- Growing investment demand
- Economic uncertainties worldwide
However, investors should avoid panic buying and focus on long-term goals.
Conclusion
Silver prices on 23 February 2026 have recorded a significant surge across India, including major cities like Delhi, Patna, Lucknow, Mumbai, Kolkata, and Chennai. The upward trend is supported by global demand, industrial usage, and currency factors.
If you are considering buying silver, it is important to track daily updates, understand market trends, and consult financial experts if necessary. Silver remains an attractive investment option for portfolio diversification, but like all commodities, it carries market risks.
Stay updated with daily bullion price movements to make smarter investment decisions.