Silver Price Today, 23 March 2026: Silver prices remain stable near recent lows following a period of significant volatility, with international spot silver trading around $67.42 per ounce. Domestic rates in India have edged marginally lower, holding at approximately ₹2.44 lakh per kilogram, as a strong US dollar and rising bond yields continue to pressure the white metal.
International Silver Rates
| Metric | Value |
|---|---|
| Spot Silver (USD/oz) | $67.42 |
| Monthly Decline | Down 16.98% from March peak |
| Market Drivers | Stronger US dollar & rising bond yields |
Silver (SIW00) Price Chart
| Time | Price (USD) |
|---|---|
| 21 Mar, 2:00 pm | $69.50 |
| 22 Mar, 7:00 pm | $68.00 |
| 23 Mar, 12:00 am | $67.20 |
| 23 Mar, 5:00 am | $67.42 |
- Open: $66.85
- High: $69.72
- Low: $66.70
- Previous Close: $69.66
- Volume: 4,648
- Open Interest: 72,704
- Daily Change: -3.22%
Domestic Silver Prices (India) – 23 March 2026
| Category | Per Gram | Per 10 Grams | Per Kg | Daily Change |
|---|---|---|---|---|
| Silver 999 (Fine) | ₹244.90 | ₹2,449 | ₹2,44,900 | -₹100 |
Today Silver Price Per Gram/Kg in India (INR)
| Gram | Today | Yesterday | Change |
|---|---|---|---|
| 1 | ₹244.90 | ₹245 | – ₹0.10 |
| 8 | ₹1,959.20 | ₹1,960 | – ₹0.80 |
| 10 | ₹2,449 | ₹2,450 | – ₹1 |
| 100 | ₹24,490 | ₹24,500 | – ₹10 |
| 1000 | ₹2,44,900 | ₹2,45,000 | – ₹100 |
City-wise Silver Rates (per kg)
While most major cities mirror the national rate, southern regions often command a premium due to higher local demand.
| City | Silver Rate (per kg) |
|---|---|
| Chennai | ₹2,49,900 |
| Hyderabad | ₹2,49,900 |
| Kerala | ₹2,49,900 |
| Delhi | ₹2,44,900 |
| Mumbai | ₹2,44,900 |
| Bangalore | ₹2,44,900 |
| Kolkata | ₹2,44,900 |
| Pune | ₹2,44,900 |
| Ahmedabad | ₹2,44,900 |
| Noida | ₹2,44,900 |
| Gurgaon | ₹2,44,900 |
Indian Major Cities Silver Rates Today
| City | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| Chennai | ₹2,499 | ₹24,990 | ₹2,49,900 |
| Mumbai | ₹2,449 | ₹24,490 | ₹2,44,900 |
| Delhi | ₹2,449 | ₹24,490 | ₹2,44,900 |
| Kolkata | ₹2,449 | ₹24,490 | ₹2,44,900 |
| Bangalore | ₹2,449 | ₹24,490 | ₹2,44,900 |
| Hyderabad | ₹2,499 | ₹24,990 | ₹2,49,900 |
| Kerala | ₹2,499 | ₹24,990 | ₹2,49,900 |
| Pune | ₹2,449 | ₹24,490 | ₹2,44,900 |
| Vadodara | ₹2,449 | ₹24,490 | ₹2,44,900 |
| Ahmedabad | ₹2,449 | ₹24,490 | ₹2,44,900 |
Silver Rate in India for Last 10 Days
| Date | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| 23 Mar, 2026 | ₹2,449 | ₹24,490 | ₹2,44,900 |
| 22 Mar, 2026 | ₹2,450 | ₹24,500 | ₹2,45,000 |
| 21 Mar, 2026 | ₹2,450 | ₹24,500 | ₹2,45,000 |
| 20 Mar, 2026 | ₹2,550 | ₹25,500 | ₹2,55,000 |
| 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 |
Silver Price Movement in March 2026
| Metric | Rate (₹/kg) |
|---|---|
| 1 March Opening | 2,95,000 |
| 2 March Peak | 3,15,000 |
| 23 March Closing | 2,44,900 |
| Highest Rate in March | 3,15,000 (02 March) |
| Lowest Rate in March | 2,44,900 (23 March) |
| Monthly Change | -16.98% |
| Price Trend | Sharp decline from peak |
Market Analysis
- Monthly Trend: Silver has seen a sharp decline this month, falling approximately 16.98% from its March 2nd peak of ₹3,15,000 per kg.
- Global Context: Internationally, spot silver is trading near $67.42 per ounce. Prices are under pressure from a strengthening US dollar and rising bond yields.
- Regional Premiums: Southern cities like Chennai, Hyderabad, and Kerala typically command a ₹5,000 premium due to higher local demand.
- Investment Outlook: Analysts suggest watching for stability before new entries, as recent “safe-haven” demand is being countered by profit-taking and geopolitical trade uncertainties.
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 $65 per ounce.
- Bond Yields: Rising bond yields make non-yielding assets like silver less attractive.
- Profit-Taking: After the sharp rally earlier this year, profit-taking may continue if no fresh catalysts emerge.
- Industrial Demand: Silver’s industrial uses 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 continue to command a ₹5,000 premium due to higher cultural and industrial demand.
Expert View: Analysts suggest that if the dollar index continues to strengthen, silver could test $65 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, offering potential accumulation opportunities for long-term investors.
Key Considerations for Buyers
- 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.
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
