Silver Price Today, 16 March 2026: International silver prices are trading at approximately $80.47 per ounce, while domestic rates in India have slipped to around ₹2.74 lakh per kilogram. The market has seen a significant decline, pressured by a strengthening US dollar, though persistent geopolitical tensions in the Middle East continue to provide a safe-haven floor.
International Silver Rates (Spot)
A stronger dollar is the primary driver behind the recent price drop, making dollar-denominated silver more expensive globally. Technical indicators currently signal a “Strong Sell” for silver spot prices.
| Metric | Value |
|---|---|
| Spot Silver (per ounce) | $80.47 (Bid) / $80.79 (Ask) |
| Per Gram | ~$2.59 |
| Daily Change | Significant decline of approximately 4.21% recently |
Key International Drivers:
- US Dollar Strength: A firmer dollar is weighing on global silver prices.
- Profit-Taking: After a sharp rally earlier in the year that saw silver reach record highs of $121/oz in January, the market is currently in a profit-taking phase.
- Geopolitical Floor: Persistent tensions in the Middle East continue to provide a safe-haven floor, preventing prices from crashing further.
Silver (SIW00) Price Chart
| Time | Price (USD) |
|---|---|
| 13 Mar, 2:00 pm | $83.50 |
| 14 Mar, 2:00 pm | $81.50 |
| 16 Mar, 12:00 am | $80.30 |
| 16 Mar, 6:00 am | $81.51 |
- Open: $80.30
- High: $81.53
- Low: $79.33
- Previous Close: $81.34
- Volume: 3,122
- Open Interest: 76,223
- Daily Change: +0.21%
Domestic Silver Rates (India)
Domestic prices have plunged recently, reflecting the international sell-off and a strengthening US dollar. Southern cities continue to command a premium due to higher demand.
| Unit | National Average | Daily Change |
|---|---|---|
| Per Gram | ₹274.90 | -₹0.10 |
| Per 10 Grams | ₹2,749 | -₹1 |
| Per Kilogram | ₹2,74,900 | -₹100 |
Today Silver Price Per Gram/Kg in India (INR)
| Gram | Today | Yesterday | Change |
|---|---|---|---|
| 1 | ₹274.90 | ₹275 | – ₹0.10 |
| 8 | ₹2,199.20 | ₹2,200 | – ₹0.80 |
| 10 | ₹2,749 | ₹2,750 | – ₹1 |
| 100 | ₹27,490 | ₹27,500 | – ₹10 |
| 1000 | ₹2,74,900 | ₹2,75,000 | – ₹100 |
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 | ₹2,799 | ₹27,990 | ₹2,79,900 |
| Mumbai | ₹2,749 | ₹27,490 | ₹2,74,900 |
| Delhi | ₹2,749 | ₹27,490 | ₹2,74,900 |
| Kolkata | ₹2,749 | ₹27,490 | ₹2,74,900 |
| Bangalore | ₹2,749 | ₹27,490 | ₹2,74,900 |
| Hyderabad | ₹2,799 | ₹27,990 | ₹2,79,900 |
| Kerala | ₹2,799 | ₹27,990 | ₹2,79,900 |
| Pune | ₹2,749 | ₹27,490 | ₹2,74,900 |
| Vadodara | ₹2,749 | ₹27,490 | ₹2,74,900 |
| Ahmedabad | ₹2,749 | ₹27,490 | ₹2,74,900 |
Major City-wise Rates (per 1 kg)
| City | Today’s Rate |
|---|---|
| Delhi | ₹2,74,900 |
| Mumbai | ₹2,74,900 |
| Bangalore | ₹2,74,900 |
| Chennai | ₹2,79,900 |
| Hyderabad | ₹2,79,900 |
| Kolkata | ₹2,74,900 |
| Pune | ₹2,74,900 |
Silver Rate in India for Last 10 Days
| Date | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| 16 Mar, 2026 | ₹2,749 | ₹27,490 | ₹2,74,900 |
| 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 |
Silver Price Movement in March 2026
| Metric | Rate (₹/kg) |
|---|---|
| 1 March Opening | 2,95,000 |
| 2 March Peak | 3,15,000 |
| 16 March Closing | 2,74,900 |
| Highest Rate in March | 3,15,000 (02 March) |
| Lowest Rate in March | 2,74,900 (16 March) |
| Monthly Change | -6.81% |
| Price Trend | Falling from peak |
Key Market Factors
- US Dollar Strength: A firmer dollar is the primary driver behind the recent domestic price drop, making dollar-denominated silver more expensive globally.
- Profit-Taking: After a sharp rally earlier in the year that saw silver reach record highs of $121/oz in January, the market is currently in a profit-taking phase.
- Geopolitical Floor: Persistent tensions in the Middle East continue to provide a “safe-haven” floor, preventing prices from crashing further.
- Technical Outlook: Based on the Investing.com India analysis, technical indicators currently signal a “Strong Sell” for silver spot prices.
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 of $121/oz to current levels around $80, 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.
