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Silver Price Today, 12 March 2026: Silver prices are holding steady near $85.65 per ounce internationally, aided by ongoing geopolitical tensions in the Middle East, albeit a stable US currency is limiting further increases. Domestic rates in India have somewhat decreased to roughly ₹2.90 lakh per kg, with southern towns charging a higher premium.
International Silver Market (Spot)
Following recent volatility, global silver benchmarks are consolidating, with safe-haven demand supporting prices amid geopolitical uncertainty.
| Market | Price (USD/oz) |
|---|---|
| New York (COMEX) | $87.90 |
| London (LBMA) | $88.00 |
| Shanghai | $87.50 |
| Tokyo | $87.20 |
Key International Drivers:
- Demand for safe havens is rising due to the weakening US currency.
- Middle Eastern geopolitical tensions
- Currency movements are impacted by the drop in crude oil prices.
- Expectations of global inflation affecting precious metals
Silver (SIW00) Price Chart
| Time | Price (USD) |
|---|---|
| 11 Mar, 2:00 pm | $85.50 |
| 11 Mar, 7:00 pm | $85.80 |
| 12 Mar, 12:00 am | $85.20 |
| 12 Mar, 5:00 am | $85.65 |
- Open: $86.06
- High: $86.06
- Low: $84.06
- Previous Close: $85.53
- Volume: 1,944
- Open Interest: 78,474
- Daily Change: +0.13%
Domestic Silver Price (India) – 12 March, 2026
| Purity/Qty | Price (₹) | Change |
|---|---|---|
| 1 g | 289.90 | -0.10 |
| 10 g | 2,899 | -1 |
| 100 g | 28,990 | -10 |
| 1 kg | 2,89,900 | -100 |
Today Silver Price Per Gram/Kg in Delhi (INR)
| Qty | Today | Yesterday | Change |
|---|---|---|---|
| 1 g | ₹289.90 | ₹290 | – ₹0.10 |
| 8 g | ₹2,319.20 | ₹2,320 | – ₹0.80 |
| 10 g | ₹2,899 | ₹2,900 | – ₹1 |
| 100 g | ₹28,990 | ₹29,000 | – ₹10 |
| 1 kg | ₹2,89,900 | ₹2,90,000 | – ₹100 |
City-Wise Silver Rates (Per Kg)
| City | Price (₹/kg) |
|---|---|
| Chennai | 2,99,900 |
| Hyderabad | 2,99,900 |
| Delhi | 2,89,900 |
| Mumbai | 2,89,900 |
| Kolkata | 2,89,900 |
| Bangalore | 2,89,900 |
| Pune | 2,89,900 |
| Ahmedabad | 2,89,900 |
| Kerala | 2,99,900 |
Silver Rate in Delhi for Last 10 Days
| Date | 10g | 100g | 1kg |
|---|---|---|---|
| 12 Mar | 2,899 | 28,990 | 2,89,900 |
| 11 Mar | 2,900 | 29,000 | 2,90,000 |
| 10 Mar | 2,900 | 29,000 | 2,90,000 |
| 09 Mar | 2,800 | 28,000 | 2,80,000 |
| 08 Mar | 2,850 | 28,500 | 2,85,000 |
| 07 Mar | 2,850 | 28,500 | 2,85,000 |
| 06 Mar | 2,850 | 28,500 | 2,85,000 |
| 05 Mar | 2,850 | 28,500 | 2,85,000 |
| 04 Mar | 2,850 | 28,500 | 2,85,000 |
| 03 Mar | 2,950 | 29,500 | 2,95,000 |
Silver Price Movement in Delhi, March 2026
| Metric | Rate (₹/kg) |
|---|---|
| 1 March Opening | 2,95,000 |
| 2 March Peak | 3,15,000 |
| 12 March Closing | 2,89,900 |
| Highest Rate in March | 3,15,000 (2 Mar) |
| Lowest Rate in March | 2,80,000 (9 Mar) |
| Monthly Change | -1.73% |
| Price Trend | Consolidating after recent rebound |
Key Market Insights
- After rising from the low of ₹2.80 lakh on March 9, silver is now stabilizing.
- In comparison to northern cities, regional premiums in South India are still high at ₹10,000/kg.
- Rising demand due to global uncertainty continues to support prices.
- Crude oil decline has influenced currency flows and safe-haven demand.
- Investors are turning to silver coins, bars, and ETFs for portfolio diversification.
Top Online Platforms to Buy Silver in India (2026)
- Gold/Silver Paytm Digital
- PhonePe Gold
- MMTC-PAMP transactions made online
- Silver ETFs from HDFC Securities
- Direct Precious Metals from ICICI
Precious Metals Rally Amid Middle East Tensions
- The price of gold and silver is close to recent highs.
- Tensions in geopolitics fuel demand for safe havens.
- Price support was noted following the volatility of crude oil.
- Portfolios are diversified by investors using bullion.
What This Means for Investors
- Silver provides portfolio diversification
- Current levels offer potential entry points
- SIPs in silver ETFs reduce timing risk
- Safe-haven asset amid geopolitical uncertainty
Why Are Gold & Silver Prices Rising?
- Demand for bullion rises when the US currency declines.
- Risk aversion is increased by geopolitical tensions.
- Reduced demand for dollar safe havens due to lower oil prices
- Non-yielding investments are supported by inflation forecasts.
Key Levels to Watch
- International support: $84 per ounce; resistance: $88 per ounce.
- Domestic support: ₹2,75,000/kg, resistance: ₹3,00,000/kg.
