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Silver Price Today, 24 March 2026: Silver prices have witnessed a sharp decline globally and domestically, reflecting a broader correction in precious metals. International spot silver is trading at approximately $69.55 per ounce, while domestic rates in India have plunged to around ₹2.29 lakh per kilogram, following a steep drop of ₹15,000 per kg on the previous day.
International Silver Rates
| Metric | Value |
|---|---|
| Spot Silver (USD/oz) | $69.55 |
| Recent Trend | Prices have retreated significantly from early March peaks |
| Market Drivers | Strengthening US dollar & rising bond yields |
Silver (SIW00) Price Chart
| Time | Price (USD) |
|---|---|
| 23 Mar, 2:00 pm | $69.00 |
| 23 Mar, 7:00 pm | $68.50 |
| 24 Mar, 12:00 am | $69.20 |
| 24 Mar, 5:00 am | $69.55 |
- Open: $69.37
- High: $70.36
- Low: $68.53
- Previous Close: $69.36
- Volume: 2,079
- Open Interest: 72,735
- Daily Change: +0.28%
Domestic Silver Prices (India) – 24 March 2026
| Category | Per Gram | Per 10 Grams | Per Kg | Daily Change |
|---|---|---|---|---|
| Silver 999 (Fine) | ₹229.90 | ₹2,299 | ₹2,29,900 | -₹100 |
Today Silver Price Per Gram/Kg in India (INR)
| Gram | Today | Yesterday | Change |
|---|---|---|---|
| 1 | ₹229.90 | ₹230 | – ₹0.10 |
| 8 | ₹1,839.20 | ₹1,840 | – ₹0.80 |
| 10 | ₹2,299 | ₹2,300 | – ₹1 |
| 100 | ₹22,990 | ₹23,000 | – ₹10 |
| 1000 | ₹2,29,900 | ₹2,30,000 | – ₹100 |
City-wise Silver Rates (per kg)
| City | Silver Rate (per kg) |
|---|---|
| Chennai | ₹2,34,900 |
| Delhi | ₹2,29,900 |
| Mumbai | ₹2,29,900 |
| Bangalore | ₹2,29,900 |
| Kolkata | ₹2,29,900 |
| Hyderabad | ₹2,29,900 |
| Kerala | ₹2,29,900 |
| Pune | ₹2,29,900 |
| Ahmedabad | ₹2,29,900 |
Indian Major Cities Silver Rates Today
| City | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| Chennai | ₹2,349 | ₹23,490 | ₹2,34,900 |
| Mumbai | ₹2,299 | ₹22,990 | ₹2,29,900 |
| Delhi | ₹2,299 | ₹22,990 | ₹2,29,900 |
| Kolkata | ₹2,299 | ₹22,990 | ₹2,29,900 |
| Bangalore | ₹2,299 | ₹22,990 | ₹2,29,900 |
| Hyderabad | ₹2,299 | ₹22,990 | ₹2,29,900 |
| Kerala | ₹2,299 | ₹22,990 | ₹2,29,900 |
| Pune | ₹2,299 | ₹22,990 | ₹2,29,900 |
| Vadodara | ₹2,299 | ₹22,990 | ₹2,29,900 |
| Ahmedabad | ₹2,299 | ₹22,990 | ₹2,29,900 |
Silver Rate in India for Last 10 Days
| Date | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| 24 Mar, 2026 | ₹2,299 | ₹22,990 | ₹2,29,900 |
| 23 Mar, 2026 | ₹2,300 | ₹23,000 | ₹2,30,000 |
| 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 |
Silver Price Movement in March 2026
| Metric | Rate (₹/kg) |
|---|---|
| 1 March Opening | 2,95,000 |
| 2 March Peak | 3,15,000 |
| 24 March Closing | 2,29,900 |
| Highest Rate in March | 3,15,000 (02 March) |
| Lowest Rate in March | 2,29,900 (24 March) |
| Monthly Change | -22.07% |
| Price Trend | Sharp decline from peak |
Key Market Insights
- Volatile Session: On the MCX (Multi Commodity Exchange), silver futures hit their lower circuit recently, dropping over 11% in a single day.
- Safe-Haven Status: Despite the recent drop, long-term sentiment remains supported by geopolitical tensions in West Asia and safe-haven demand.
- Industrial Impact: Fluctuations are also influenced by global economic data, including US manufacturing and employment reports.
- Regional Premiums: Southern cities like Chennai command a premium of approximately ₹5,000 per kg due to higher local demand.
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 typically 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
