Silver Price Today [18 March, 2026]: Silver Falls to $80 on Dollar Strength; Domestic Rates Hits ₹2.75 Lakh/kg Amid Middle East Crisis | Check City-Wise Rates

Silver Price Today, 18 March 2026: Silver is once again on the investor radar, as a high-beta based, inflation-linked metal, following its spurt that saw the metal rise to between ₹2,95,000 and ₹3,15,000 per kg between 1 and 2 March, and correct later in the day back to ₹2,70,000-₹75,000 per kg by mid-month. Domestic prices in India are strictly managed based on the world market COMEX-quoted silver, modified to suit rupee-dollar fluctuations and local taxes, thus the metal is highly sensitive to dollar performance and geopolitical developments.

International Silver Market (Spot)

In March 2026, global spot silver is being traded at about $80-$81 per ounce, which is significantly higher than it was just over a year ago of about $45-$50 per ounce. This is converted to rupees (at an approximate USD /INR of around $82-$85 going) to about $1550-$1620 per gram, excluding importation duties and country expenses.

Key International Drivers

• Bond yield volatility and the dollar: When yields cease to rise, and the greenback becomes soft, silver is likely to be an advantageous silver leveraged precious-metal play over gold.
• Geopolitical tension: Tension related to the Middle East and a broader global uncertainty have caused safe haven buying in silver and moved COMEX into the $80-$82 per ounce zone on numerous occasions.
• Industrial demand and supply tightness: Silver use in solar, EVs and electronics implies that industrial buyers contribute to the upside pressure in case of manufacturing and capex recoveries.
• Central-bank and ETF flows: The flows in 2026 by the central banks and funds have provided a structural ground cover, although the speculative traders are recycling after record highs.

Silver (SIW00) Price Chart Snapshot

Silver futures listed on COMEX (SIW00) have been trading in the range of about $75 to $82 per ounce in March of 2026, but with intraday spikes around conflict headline waves. Following a brief pause and not a breakdown in the rally, futures have closed nearer to $80-$81 rather than the high of almost $82 per ounce in the early part of the month.

Domestic Silver Price (India)

On 1 March in India silver prices of 1 kg have ranged between ₹3,15,000 1 kg and ₹2,95,000 1 kg but on 2 March, 1 kg of silver reached its intraday peak of ₹3,15,000 before declining to ₹2,75,000 per kg on 17 March. Silver on MCX is also softening with the March 2026 contract approaching ₹2,55,000-₹2,57,000 per kg or showing a negative premium to the spot cash rate as a result of the short-term hedging pressures.

Today Silver Price Per Gram/Kg in Delhi (INR)

The current 24 hour comparison presented in Delhi indicates that silver has a price of ₹275 grams and ₹2,75,000 kilos at an equivalent price in major metros. Intraday moves in MCX are smaller than gold and on an average, on trading days, only ₹150-₹200 per kg changes are seen towards the end of the session.

Indian Major Cities Silver Rates Today

City-wise cash rates are tightly concentrated and the majority of the metros are ₹275,000-₹280,000 per kg, which follow in general import-ground and FX grounds.

City‑Wise Silver Rates (Per Kg)

The dispersion in the largest cities of India is comparatively small, typically less than ₹5,000 per-kg but motivated rather by local rates, GST systems and low trading margins than the macro-level aggregate demand impulses.

Silver Rate in Delhi for Last 10 Days

In the last 10 days, silver in the Delhi area has gone in circles between an approximate of ₹2,70,000 and ₹2,90,000 per kg as global headlines and algorithmic flows often determine the price of the metal.

Silver Price Movement in Delhi, March 2026

Delhi-linked silver has fallen by approximately 20,000 per kg (₹295,000 to ₹2,75,000) or 6.78% since 1 March (₹2,95,000 per kg) to 17 March (₹2,75,000 per kg), following a high of March of ₹3,15,000 per kg at the beginning of the month. It is more of a m-shaped than a straight-line crash as risk-on and risk-off events all around the world come into conflict.

Key Market Insights

• Silver continues to trade significantly higher than it was in its 2024-early-2025 comfort zone and it is enjoying multi-year strong-demand stories in technology and renewable energy.
• The gold silver ratio has narrowed indicating that traders are flipping out of gold into silver as a speculation on increased beta.
• The silver futures of MCX are trading at a slight discount to the cash spot and it is an indication that there is some interest in the near future by sellers in hedging their inventory and some hedging as well.
• Depreciation of rupee against the dollar is a factor of the main localities, even the flat world prices in USD can drive the rupee-denominated silver.

Buyer & Investor Notes

• 10 gram and 100 gram bars or coins work well with jewellers and small ticket purchasers because they do not require a lot of fabrication work on light weight products.
• Long-term investors can buy 99.9% pure silver bars as opposed to plated or ornamental works which carry a higher premium and liquidity risk.
• Widow it is prudent to promote an average of more than a few weeks than to follow all headline-driven spikes since the swings are ranging between 10 and 15% every month to date in 2026.
• Invariably check on GST and making charges in 1 kg purchases, packaging and branding difference may give an addition of 13% above the base metal rate.

Top Online Platforms to Buy Silver in India (2026)

• Virtual silver platforms are bank sponsored, enabling purchases of up to half gram quantities with security of storage and delivery.
• Mass marketplaces that feature large standard commodity-based markets sell near-market 1-kg, 5-kg and 10-kg standard bars of certified mints.
• Digital silver/gold wallet applications allow automatic investment in silver grams, automatic debiting of monthly savings into metal values.
• The reputed bullion-exchange portals can be connected to MCX-oriented prices, which provide price transparency and acquire spread lower than most local jewellers.

What This Means for Investors

The fact that Silver has corrected about 67% of the gains that the markets made in the first month of 2018 to March levels indicates that the market is already filtering and pricing in the fundamentals. To investors, this presents an opportunity of a dip-buying opportunity, particularly when macro-level expectations are in favour of low real yields and still growing industrial demand. Meanwhile, the volatility is a reminder that silver must be viewed as a satellite investment in a diversified portfolio, rather than an independent investment.

Why Are Gold and Silver Prices Rising?

• The geopolitical tension in the Middle East and other parts of the world has increased safe-haven demand causing both COMEX gold and silver to climb into the mid- to high $5,000 and $80 range, respectively.
• Inflation and real‑rate softness make non‑yielding bullion attractive versus cash or low‑fixed‑income assets.
• Rupee‑dollar moves add an extra layer even if global prices are flat in USD, a weaker rupee pushes local bullion rates higher.
• Central‑bank and ETF‑level buying in 2026 has given both gold and silver a structural underpinning, even as short‑term traders ride intraday waves.