Silver Price Today, 20 March 2026: Silver prices have witnessed a sharp decline both internationally and domestically, with the international spot price dropping roughly 21% month-to-date to $72.42 per ounce. In India, silver has plunged to approximately ₹2.59 lakh per kilogram due to a stronger US dollar and profit-taking.
International Silver Rates
| Metric | Value |
|---|---|
| Spot Silver (USD/oz) | $72.42 |
| Price Movement | Down ~21% month-to-date (as of 19 March) |
| Today’s Range | $72.26 – $73.50 |
| Market Drivers | Stronger US dollar & profit-taking |
Silver (SIW00) Price Chart
| Time | Price (USD) |
|---|---|
| 19 Mar, 1:00 pm | $71.50 |
| 19 Mar, 5:00 pm | $72.00 |
| 20 Mar, 12:00 am | $72.30 |
| 20 Mar, 5:00 am | $72.30 |
- Open: $72.83
- High: $73.50
- Low: $72.25
- Previous Close: $71.22
- Volume: 1,191
- Open Interest: 74,413
- Daily Change: +1.52%
Domestic Silver Rates (India) – 20 March 2026
| Category | Per Gram | Per 10 Grams | Per Kg | Daily Change |
|---|---|---|---|---|
| Silver 999 (Fine) | ₹259.90 | ₹2,599 | ₹2,59,900 | -₹100 |
| Silver 925 (Sterling) | ₹214.65 | ₹2,146.50 | ₹2,14,646 | -₹83 |
Today Silver Price Per Gram/Kg in India (INR)
| Gram | Today | Yesterday | Change |
|---|---|---|---|
| 1 | ₹259.90 | ₹260 | – ₹0.10 |
| 8 | ₹2,079.20 | ₹2,080 | – ₹0.80 |
| 10 | ₹2,599 | ₹2,600 | – ₹1 |
| 100 | ₹25,990 | ₹26,000 | – ₹10 |
| 1000 | ₹2,59,900 | ₹2,60,000 | – ₹100 |
City-wise Silver Rates (per kg)
| City | Silver Rate (per kg) |
|---|---|
| Chennai | ₹2,64,900 |
| Delhi | ₹2,59,900 |
| Mumbai | ₹2,59,900 |
| Bangalore | ₹2,59,900 |
| Hyderabad | ₹2,64,900 |
| Kolkata | ₹2,59,900 |
| Kerala | ₹2,64,900 |
Indian Major Cities Silver Rates Today
| City | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| Chennai | ₹2,649 | ₹26,490 | ₹2,64,900 |
| Mumbai | ₹2,599 | ₹25,990 | ₹2,59,900 |
| Delhi | ₹2,599 | ₹25,990 | ₹2,59,900 |
| Kolkata | ₹2,599 | ₹25,990 | ₹2,59,900 |
| Bangalore | ₹2,599 | ₹25,990 | ₹2,59,900 |
| Hyderabad | ₹2,649 | ₹26,490 | ₹2,64,900 |
| Kerala | ₹2,649 | ₹26,490 | ₹2,64,900 |
| Pune | ₹2,599 | ₹25,990 | ₹2,59,900 |
Silver Rate in India for Last 10 Days
| Date | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| 20 Mar, 2026 | ₹2,599 | ₹25,990 | ₹2,59,900 |
| 19 Mar, 2026 | ₹2,600 | ₹26,000 | ₹2,60,000 |
| 18 Mar, 2026 | ₹2,650 | ₹26,500 | ₹2,65,000 |
| 17 Mar, 2026 | ₹2,750 | ₹27,500 | ₹2,75,000 |
| 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 |
Silver Price Movement in March 2026
| Metric | Rate (₹/kg) |
|---|---|
| 1 March Opening | 2,95,000 |
| 2 March Peak | 3,15,000 |
| 20 March Closing | 2,59,900 |
| Highest Rate in March | 3,15,000 (02 March) |
| Lowest Rate in March | 2,59,900 (20 March) |
| Monthly Change | -11.90% |
| Price Trend | Sharp decline from peak |
Market Context
- Volatility: The silver market in March 2026 has been highly volatile, with prices in India swinging between ₹2,60,000 and ₹3,15,000 per kg.
- Drivers: Global geopolitical tensions and US inflation data continue to be the primary drivers for these price fluctuations.
- International Trend: Silver has faced significant selling pressure recently, dropping roughly 21% month-to-date due to a stronger US dollar and profit-taking.
Can Silver Prices Fall Further?
Short-Term Outlook:
- Dollar Strength: If the US dollar continues to strengthen, silver could test lower levels. The next major support is around $70 per ounce.
- Profit-Taking: After the sharp rally earlier this year, profit-taking may continue if no fresh catalysts emerge.
- Industrial Demand: Silver’s industrial用途 in electronics and solar panels could provide a floor if global manufacturing picks up.
Domestic Factors:
- Rupee Movement: A weaker rupee could cushion some of the international price fall for Indian buyers.
- Import Costs: Prices include a 3% GST and additional import duties on physical silver.
- Regional Premiums: Southern cities like Chennai and Hyderabad typically command a ₹5,000–₹10,000 premium due to higher demand.
Expert View: Analysts suggest that if the dollar index continues to strengthen, silver could test $70 in the coming weeks. However, any escalation in geopolitical tensions or pickup in industrial demand could trigger a rebound. The current levels represent a significant correction from March peaks.
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.
