India, Feb. 1 -- Silver Price Today, 1 February 2026: Silver prices in India collapsed in a severe market sell-off on Sunday, recording one of the steepest single-day drops in recent history. Following last week's spectacular surge, intense profit-booking led to the abrupt decline. This was exacerbated by hawkish global cues surrounding the new US Federal Reserve chair and extreme investor caution ahead of today's Union Budget 2026 presentation. Prices have now tumbled nearly 60,000 per kilogram from the all-time high of 4.10 lakh touched just three days ago.

Silver Price Today MCX (1 February, 2026) 1 gram: 350 8 grams: 2,800 10 grams: 3,500 100 grams: 35,000 1 kg: 3,50,000 The price plummeted by 45,000 per kg and 45 per gram compared t...