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Silver Price Today, 13 March 2026: Due to pressure from a strengthening US dollar and changing expectations about Federal Reserve interest rate cuts, silver prices have significantly declined both domestically in India and globally. Silver is currently trading at ₹2.80 lakh per kilogram in major northern cities, a considerable decrease of ₹10,000 per kilogram from yesterday.
International Silver Price
A stronger dollar has put pressure on the precious metal, causing the global benchmark for silver to drop by about 2.20%.
| Metric | Value |
|---|---|
| Spot Silver | ~$83.85 per troy ounce |
| Per Gram | ~$2.70 |
| Per Kilogram | ~$2,694.00 |
| Market Trend | Prices fell due to dollar strength and Fed rate expectations |
Key International Drivers:
- Stronger US Dollar: Silver costs more to buyers using other currencies when the dollar is stronger.
- Fed Rate Expectations: Sentiment is being affected by changing expectations about interest rate decreases.
- Geopolitical Factors: The strength of the dollar is predominant, but ongoing tensions in the Middle East offer some support.
Silver (SIW00) Price Chart
| Time | Price (USD) |
|---|---|
| 12 Mar, 1:00 pm | $85.50 |
| 12 Mar, 5:00 pm | $85.00 |
| 13 Mar, 12:00 am | $84.20 |
| 13 Mar, 4:00 am | $84.41 |
- Open: $83.91
- High: $84.45
- Low: $83.50
- Previous Close: $85.11
- Volume: 452
- Open Interest: 77,860
- Daily Change: -0.82%
Domestic Silver Price (India)
Domestic silver rates have dropped significantly, falling by ₹10,000 per kg compared to yesterday. The price is now at ₹2.80 lakh per kilogram in most northern and western cities.
| Unit | Today’s Rate | Yesterday’s Rate | Change |
|---|---|---|---|
| 1 Gram | ₹280 | ₹290 | -₹10 |
| 10 Grams | ₹2,800 | ₹2,900 | -₹100 |
| 100 Grams | ₹28,000 | ₹29,000 | -₹1,000 |
| 1 Kilogram | ₹2,80,000 | ₹2,90,000 | -₹10,000 |
Today Silver Price Per Gram/Kg in India (INR)
| Gram | Today | Yesterday | Change |
|---|---|---|---|
| 1 | ₹280 | ₹290 | – ₹10 |
| 8 | ₹2,240 | ₹2,320 | – ₹80 |
| 10 | ₹2,800 | ₹2,900 | – ₹100 |
| 100 | ₹28,000 | ₹29,000 | – ₹1,000 |
| 1000 | ₹2,80,000 | ₹2,90,000 | – ₹10,000 |
Indian Major Cities Silver Rates Today
Local rates can vary based on demand and regional taxes, with southern cities commanding a premium of ₹10,000 per kg.
| City | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| Chennai | ₹2,900 | ₹29,000 | ₹2,90,000 |
| Mumbai | ₹2,800 | ₹28,000 | ₹2,80,000 |
| Delhi | ₹2,800 | ₹28,000 | ₹2,80,000 |
| Kolkata | ₹2,800 | ₹28,000 | ₹2,80,000 |
| Bangalore | ₹2,800 | ₹28,000 | ₹2,80,000 |
| Hyderabad | ₹2,900 | ₹29,000 | ₹2,90,000 |
| Kerala | ₹2,900 | ₹29,000 | ₹2,90,000 |
| Pune | ₹2,800 | ₹28,000 | ₹2,80,000 |
| Vadodara | ₹2,800 | ₹28,000 | ₹2,80,000 |
| Ahmedabad | ₹2,800 | ₹28,000 | ₹2,80,000 |
Major City-wise Rates (per 1 kg)
| City | Today’s Rate |
|---|---|
| Delhi | ₹2,80,000 |
| Mumbai | ₹2,80,000 |
| Bangalore | ₹2,80,000 |
| Chennai | ₹2,90,000 |
| Hyderabad | ₹2,90,000 |
| Ahmedabad | ₹2,80,000 |
| Pune | ₹2,80,000 |
Silver Rate in India for Last 10 Days
| Date | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| 13 Mar, 2026 | ₹2,800 | ₹28,000 | ₹2,80,000 |
| 12 Mar, 2026 | ₹2,900 | ₹29,000 | ₹2,90,000 |
| 11 Mar, 2026 | ₹2,900 | ₹29,000 | ₹2,90,000 |
| 10 Mar, 2026 | ₹2,800 | ₹28,000 | ₹2,80,000 |
| 09 Mar, 2026 | ₹2,850 | ₹28,500 | ₹2,85,000 |
| 08 Mar, 2026 | ₹2,850 | ₹28,500 | ₹2,85,000 |
| 07 Mar, 2026 | ₹2,850 | ₹28,500 | ₹2,85,000 |
| 06 Mar, 2026 | ₹2,850 | ₹28,500 | ₹2,85,000 |
| 05 Mar, 2026 | ₹2,850 | ₹28,500 | ₹2,85,000 |
| 04 Mar, 2026 | ₹2,850 | ₹28,500 | ₹2,85,000 |
Silver Price Movement in March 2026
| Metric | Rate (₹/kg) |
|---|---|
| 1 March Opening | 2,95,000 |
| 2 March Peak | 3,15,000 |
| 13 March Closing | 2,80,000 |
| Highest Rate in March | 3,15,000 (02 March) |
| Lowest Rate in March | 2,80,000 (09 & 13 March) |
| Monthly Change | -5.08% |
| Price Trend | Falling from peak |
Key Market Insights
- Dollar Strength Impact: A stronger US dollar is the primary driver behind today’s decline, making silver more expensive for international buyers.
- Fed Rate predictions: Market mood is being impacted by changing predictions about interest rate decreases by the Federal Reserve.
- Regional Premiums: Southern cities like Chennai and Hyderabad continue to command a premium of ₹10,000 per kg above northern metropolises due to growing cultural and industrial demand.
- Volatility Continues: Silver had high fluctuations in March, peaking around ₹3.15 lakh and down to ₹2.80 lakh.
Key Purchase Advice
- GST: In India, 3% GST is applied to all physical silver purchases.
- Making Charges: Depending on the intricacy of the design, making charges for silver jewelry and items normally range from 5% to 25%.
- Investment Options: Starting at the current base rate, you can think about investing in digital silver or silver ETFs in addition to actual bars.
Top Online Platforms to Buy Silver in India (2026)
- Digital gold and silver apps include PhonePe (MMTC-PAMP, SafeGold), Google Pay, Paytm, and OroPocket (₹1 entry, Bitcoin incentives).
- Platforms for jewellery brands include Tanishq, CaratLane, and Kalyan Jewellers Candere.
- Physical Bullion Platforms include MMTC-PAMP (999.9 pure silver bars/coins), Augmont, and Motilal Oswal.
What This Means for Investors
- The sharp ₹10,000 drop offers a potential entry point for long-term investors.
- Silver’s dual status as precious and industrial metal offers diversification benefits.
- Watch support/resistance levels: International $82/$86, Domestic ₹2.70L/₹2.90L.
- Systematic investment plans (SIPs) in silver ETFs or digital silver help manage timing risk.
