Silver Price Today, 15 March 2026: Silver prices have declined significantly both internationally and domestically, following a broader sell-off in precious metals. International rates fell nearly 4.4% to $81.34 per ounce as investors favored a strengthening U.S. Dollar amid fading expectations for immediate interest rate cuts. Domestic rates have dropped to approximately ₹2.75 lakh per kilogram in major northern cities.
International Silver Price
A stronger dollar and shifting Fed rate expectations have put significant pressure on the precious metal, causing the global benchmark for silver to drop by about 4.4%.
| Metric | Value |
|---|---|
| Spot Silver | ~$80.54 – $81.34 per troy ounce |
| Per Gram | ~$2.59 – $2.70 |
| Per Kilogram | ~$2,590 – $2,615 |
| Price Trend | Down nearly 4% recently as investors favored a strengthening U.S. Dollar |
Key International Drivers:
- Stronger US Dollar: A firmer currency makes silver more expensive for buyers using other currencies.
- Fed Rate Expectations: Fading expectations for immediate interest rate cuts are impacting sentiment.
- Geopolitical Factors: Heightened tensions in the Middle East offer some support, but dollar strength is currently the predominant factor.
Silver (SIW00) Price Chart
| Time | Price (USD) |
|---|---|
| 13 Mar, 2:00 pm | $83.50 |
| 13 Mar, 7:00 pm | $82.80 |
| 14 Mar, 12:00 am | $81.50 |
| 14 Mar, 5:00 am | $81.34 |
- Open: $83.91
- High: $85.62
- Low: $79.52
- Previous Close: $85.11
- Volume: 46,984
- Open Interest: 77,604
- Daily Change: -4.43%
Domestic Silver Price (India)
The national average price for silver in India has dropped to approximately ₹2.75 lakh per kilogram. Rates vary slightly across cities due to local factors, with southern cities commanding a premium.
| Unit | Today’s Rate | Change |
|---|---|---|
| 1 Gram | ₹275 | 0 |
| 10 Grams | ₹2,750 | 0 |
| 100 Grams | ₹27,500 | 0 |
| 1 Kilogram | ₹2,75,000 | 0 |
Today Silver Price Per Gram/Kg in India (INR)
| Gram | Today | Yesterday | Change |
|---|---|---|---|
| 1 | ₹275 | ₹275 | 0 |
| 8 | ₹2,200 | ₹2,200 | 0 |
| 10 | ₹2,750 | ₹2,750 | 0 |
| 100 | ₹27,500 | ₹27,500 | 0 |
| 1000 | ₹2,75,000 | ₹2,75,000 | 0 |
Indian Major Cities Silver Rates Today
Local rates can vary based on demand and regional taxes, with southern cities commanding a premium of up to ₹5,000 per kg over northern metros.
| City | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| Chennai | ₹2,800 | ₹28,000 | ₹2,80,000 |
| Mumbai | ₹2,750 | ₹27,500 | ₹2,75,000 |
| Delhi | ₹2,750 | ₹27,500 | ₹2,75,000 |
| Kolkata | ₹2,750 | ₹27,500 | ₹2,75,000 |
| Bangalore | ₹2,750 | ₹27,500 | ₹2,75,000 |
| Hyderabad | ₹2,800 | ₹28,000 | ₹2,80,000 |
| Kerala | ₹2,800 | ₹28,000 | ₹2,80,000 |
| Pune | ₹2,750 | ₹27,500 | ₹2,75,000 |
| Vadodara | ₹2,750 | ₹27,500 | ₹2,75,000 |
| Ahmedabad | ₹2,750 | ₹27,500 | ₹2,75,000 |
Major City-wise Rates (per 1 kg)
| City | Today’s Rate |
|---|---|
| Delhi | ₹2,75,000 |
| Mumbai | ₹2,75,000 |
| Bangalore | ₹2,75,000 |
| Chennai | ₹2,80,000 |
| Hyderabad | ₹2,80,000 |
| Kolkata | ₹2,75,000 |
| Pune | ₹2,75,000 |
Silver Rate in India for Last 10 Days
| Date | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| 15 Mar, 2026 | ₹2,750 | ₹27,500 | ₹2,75,000 |
| 14 Mar, 2026 | ₹2,750 | ₹27,500 | ₹2,75,000 |
| 13 Mar, 2026 | ₹2,799 | ₹27,990 | ₹2,79,900 |
| 12 Mar, 2026 | ₹2,800 | ₹28,000 | ₹2,80,000 |
| 11 Mar, 2026 | ₹2,900 | ₹29,000 | ₹2,90,000 |
| 10 Mar, 2026 | ₹2,900 | ₹29,000 | ₹2,90,000 |
| 09 Mar, 2026 | ₹2,800 | ₹28,000 | ₹2,80,000 |
| 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 |
Silver Price Movement in March 2026
| Metric | Rate (₹/kg) |
|---|---|
| 1 March Opening | 2,95,000 |
| 2 March Peak | 3,15,000 |
| 15 March Closing | 2,75,000 |
| Highest Rate in March | 3,15,000 (02 March) |
| Lowest Rate in March | 2,75,000 (14 March) |
| Monthly Change | -6.78% |
| Price Trend | Falling from peak |
Key Market Insights
- Dollar Strength Impact: A stronger US dollar is the primary driver behind the recent decline, making silver more expensive for international buyers.
- Fed Rate Expectations: Fading expectations for immediate interest rate cuts are impacting market sentiment.
- Regional Premiums: Southern cities like Chennai and Hyderabad continue to command a premium of ₹5,000 per kg over northern metropolises due to stronger cultural and industrial demand.
- Extreme Volatility: Silver has shown extreme volatility in early 2026, dropping from a peak near $121 per ounce in January to current levels around $80.
Buyer & Investor Notes
- Taxes: Domestic purchases are subject to a 3% GST in addition to the quoted market price.
- Making Charges: For physical silver items like utensils or jewellery, making charges typically range from 5% to 25%.
- Investment Options: Besides physical bars, investors can consider Silver ETFs or digital silver to track market prices.
Top Online Platforms to Buy Silver in India (2026)
- Digital Gold & Silver Apps: PhonePe (MMTC-PAMP, SafeGold), Google Pay, Paytm, OroPocket (₹1 entry, Bitcoin rewards).
- Jewellery Brand Platforms: Tanishq, CaratLane, Kalyan Jewellers Candere (silver coins, bars, utensils).
- Physical Bullion Platforms: MMTC-PAMP (999.9 purity silver bars/coins), Augmont, Motilal Oswal.
What This Means for Investors
- The continued decline to new monthly lows 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 $78/$84, Domestic ₹2.70L/₹2.85L.
- Systematic investment plans (SIPs) in silver ETFs or digital silver help manage timing risk.
- Silver has shown extreme volatility in 2026, dropping significantly from January peaks, which may present accumulation opportunities for patient investors.
Disclaimer: Silver price in India is determined by international prices and currency movement. All rates are indicative and exclude GST and making charges. Please check with local jewellers for exact pricing
