Silver prices came under pressure on Tuesday, February 10, 2026, dropping over 2 percent in futures trade as investors booked profits amid weak global cues and a stronger US dollar.
According to Jigar Trivedi, Senior Research Analyst at IndusInd Securities, silver slipped below $82 per ounce following a brief two-day rebound. He noted that volatility remains high after the recent historic selloff, with the precious metal still down roughly 33 percent from its all-time high reached on January 29, when it lost nearly half its value in a sharp correction.
Market observers said the strengthening US dollar impacted sentiment. The dollar index rose 0.09 percent to 96.90, making dollar-denominated commodities more expensive for foreign buyers and limiting gains in silver.
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Despite short-term weakness, analysts pointed out that macro uncertainty and expectations of potential monetary easing continue to provide underlying support for precious metals. However, price volatility is expected to persist in the near term.
Silver Prices in Major Indian Cities on Feb 10, 2026
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Delhi: Rs 290 per gram | Rs 290,000 per kg
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Chennai: Rs 290 per gram | Rs 290,000 per kg
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Bengaluru: Rs 290 per gram | Rs 290,000 per kg
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Mumbai: Rs 290 per gram | Rs 290,000 per kg
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Pune: Rs 290 per gram | Rs 290,000 per kg
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Kolkata: Rs 290 per gram | Rs 290,000 per kg