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Silver Price Today, 17 March 2026: Silver prices have softened slightly, with international spot prices trading around $81 per ounce and domestic Indian rates at approximately ₹2.69 lakh per kilogram. The market is being influenced by a fluctuating US Dollar Index and fading expectations for immediate Federal Reserve interest rate cuts.
International Silver Prices
International silver prices are currently trading higher than recent supports but lower than 2026 peaks. The metal has seen a significant 52-week range, from lows of $28 to record highs above $121.
| Metric | Value |
|---|---|
| Spot Silver (per ounce) | ~$81.11 |
| Daily Change | Up approximately 0.53% in recent sessions |
| 52-Week Range | $28.16 – $121.67 |
Key International Drivers:
- US Dollar Index: A fluctuating dollar is influencing price movements.
- Fed Rate Expectations: Fading expectations for immediate Fed interest rate cuts are impacting sentiment.
- Market Context: Prices are trading above recent supports but remain well below January’s record highs.
Silver (SIW00) Price Chart
| Time | Price (USD) |
|---|---|
| 16 Mar, 2:00 pm | $80.50 |
| 16 Mar, 7:00 pm | $80.80 |
| 17 Mar, 12:00 am | $80.60 |
| 17 Mar, 5:00 am | $80.52 |
- Open: $80.92
- High: $81.40
- Low: $80.47
- Previous Close: $80.68
- Volume: 1,053
- Open Interest: 76,234
- Daily Change: -0.20%
Domestic Silver Prices (India)
Domestic rates have seen a significant drop recently, decreasing by about ₹5,000 per kg from previous highs. The national average now stands at approximately ₹2.70 lakh per kilogram.
| Unit | National Average | Daily Change |
|---|---|---|
| Per Gram | ₹269.90 | -₹0.10 |
| Per 10 Grams | ₹2,699 | -₹1 |
| Per 100 Grams | ₹26,990 | -₹10 |
| Per Kilogram | ₹2,69,900 | -₹100 |
Today Silver Price Per Gram/Kg in India (INR)
| Gram | Today | Yesterday | Change |
|---|---|---|---|
| 1 | ₹269.90 | ₹270 | – ₹0.10 |
| 8 | ₹2,159.20 | ₹2,160 | – ₹0.80 |
| 10 | ₹2,699 | ₹2,700 | – ₹1 |
| 100 | ₹26,990 | ₹27,000 | – ₹10 |
| 1000 | ₹2,69,900 | ₹2,70,000 | – ₹100 |
Indian Major Cities Silver Rates Today
Local rates vary based on demand and regional taxes, with southern cities commanding a premium of approximately ₹6,000 per kg over northern metros.
| City | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| Chennai | ₹2,759 | ₹27,590 | ₹2,75,900 |
| Mumbai | ₹2,699 | ₹26,990 | ₹2,69,900 |
| Delhi | ₹2,699 | ₹26,990 | ₹2,69,900 |
| Kolkata | ₹2,699 | ₹26,990 | ₹2,69,900 |
| Bangalore | ₹2,699 | ₹26,990 | ₹2,69,900 |
| Hyderabad | ₹2,759 | ₹27,590 | ₹2,75,900 |
| Kerala | ₹2,759 | ₹27,590 | ₹2,75,900 |
| Pune | ₹2,699 | ₹26,990 | ₹2,69,900 |
| Vadodara | ₹2,699 | ₹26,990 | ₹2,69,900 |
| Ahmedabad | ₹2,699 | ₹26,990 | ₹2,69,900 |
City-wise Variations (Per kg)
| City | Silver Rate (Today) |
|---|---|
| Delhi | ₹2,69,900 |
| Mumbai | ₹2,69,900 |
| Bangalore | ₹2,69,900 |
| Chennai | ₹2,75,900 |
| Hyderabad | ₹2,75,900 |
| Kerala | ₹2,75,900 |
| Kolkata | ₹2,69,900 |
| Pune | ₹2,69,900 |
Silver Rate in India for Last 10 Days
| Date | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| 17 Mar, 2026 | ₹2,699 | ₹26,990 | ₹2,69,900 |
| 16 Mar, 2026 | ₹2,700 | ₹27,000 | ₹2,70,000 |
| 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 |
Silver Price Movement in March 2026
| Metric | Rate (₹/kg) |
|---|---|
| 1 March Opening | 2,95,000 |
| 2 March Peak | 3,15,000 |
| 17 March Closing | 2,69,900 |
| Highest Rate in March | 3,15,000 (02 March) |
| Lowest Rate in March | 2,69,900 (17 March) |
| Monthly Change | -8.51% |
| Price Trend | Falling from peak |
Key Market Factors
- US Dollar Influence: A fluctuating US Dollar Index is the primary driver behind recent price movements.
- Fed Rate Expectations: Fading expectations for immediate interest rate cuts are weighing on the non-yielding metal.
- Regional Premiums: Southern cities like Chennai, Hyderabad, and Kerala continue to command a premium of approximately ₹6,000 per kg over northern metros due to stronger cultural and industrial demand.
- 52-Week Range: Silver has shown extreme volatility over the past year, ranging from a low of $28 to a record high of $121.67 per ounce in January 2026.
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%.
- Retail Premiums: Products like a 1kg Silver Bar from Jethani Devrani or 500g Silver Bar from MMTC-PAMP may reflect premiums for purity and hallmarking.
- 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 ₹2.65L/₹2.80L.
- 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 above $121/oz to current levels around $81, 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.
