Silver Price Today, 31 March 2026: Silver prices have continued their downward trend as the month concludes, with international spot silver trading at approximately $66.90 per ounce, a decline of about 2.45%. Silver remains under pressure as the US dollar strengthens and investors await key economic data, including US private payrolls and manufacturing reports. In India, domestic prices have fallen by approximately ₹2,500 per kg today, reflecting the global sell-off.
International Silver Rates
Spot Silver: ~$66.90 per ounce. Day Change: A decline of approximately 2.45% ($1.68). Market Sentiment: Silver remains under pressure as the US dollar strengthens and investors await key economic data, including US private payrolls and manufacturing reports.
Domestic Silver Prices (India) – 31 March 2026
Domestic prices fell by approximately ₹2,500 per kg today, reflecting the global sell-off.
| Category | Per Gram | Per 10 Grams | Per Kg | Daily Change |
|---|---|---|---|---|
| Silver 999 (Fine) | ₹242.40 | ₹2,424 | ₹2,42,400 | -₹2,500 |
Today Silver Price Per Gram/Kg in Delhi (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 |
Note: The Delhi rates shown above are from GoodReturns and reflect a minimal daily change. The national average has been reported at ₹2,42,400 per kg.
City-wise Silver Rates (per 1 kg)
While rates are generally uniform across major cities, southern markets like Chennai continue to trade at a slight premium.
| City | Silver Rate (per kg) |
|---|---|
| Mumbai | ₹2,42,400 |
| Delhi | ₹2,42,400 |
| Bangalore | ₹2,42,400 |
| Pune | ₹2,42,400 |
| Ahmedabad | ₹2,42,400 |
| Vadodara | ₹2,42,400 |
| Chennai | ₹2,47,400 |
| Hyderabad | ₹2,47,400 |
| Kerala | ₹2,47,400 |
Silver Rate in Delhi for Last 10 Days
| Date | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| 31 Mar, 2026 | ₹2,449 | ₹24,490 | ₹2,44,900 |
| 30 Mar, 2026 | ₹2,450 | ₹24,500 | ₹2,45,000 |
| 29 Mar, 2026 | ₹2,450 | ₹24,500 | ₹2,45,000 |
| 28 Mar, 2026 | ₹2,450 | ₹24,500 | ₹2,45,000 |
| 27 Mar, 2026 | ₹2,400 | ₹24,000 | ₹2,40,000 |
| 26 Mar, 2026 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| 25 Mar, 2026 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| 24 Mar, 2026 | ₹2,350 | ₹23,500 | ₹2,35,000 |
| 23 Mar, 2026 | ₹2,300 | ₹23,000 | ₹2,30,000 |
| 22 Mar, 2026 | ₹2,450 | ₹24,500 | ₹2,45,000 |
March 2026 Summary
Silver has seen a significant correction in March 2026, dropping nearly 18% from its peak of over ₹3.15 lakh per kg at the start of the month.
| Metric | Rate (₹/kg) |
|---|---|
| 1 March Opening | 2,95,000 |
| 2 March Peak | 3,15,000 |
| 31 March Closing | 2,44,900 |
| Highest Rate in March | 3,15,000 (02 March) |
| Lowest Rate in March | 2,30,000 (23 March) |
| Monthly Change | -16.98% |
| Price Trend | Falling from peak |
Key Market Drivers
- US Dollar Strength: A strengthening US dollar continues to pressure silver prices, making the metal more expensive for international buyers.
- Economic Data Awaited: Investors are awaiting key US economic data, including private payrolls and manufacturing reports, which could influence Federal Reserve policy.
- MCX Trend: On the Multi Commodity Exchange, silver futures for May delivery are trading near ₹2,24,500 per kg, reflecting the bearish global sentiment.
- Industrial Outlook: Despite the price drop, long-term demand remains supported by the green energy sector, specifically for solar panel and electric vehicle manufacturing.
Can Silver Prices Rise Further?
Short-Term Outlook:
- Dollar Movement: Continued dollar strength could pressure silver toward $65 per ounce. A pullback in the dollar could trigger a rebound.
- Economic Data: Upcoming US payrolls and manufacturing reports will be key drivers for market sentiment.
- Industrial Support: Long-term demand from solar and EV sectors provides a floor for prices.
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 for cost-effective and liquid exposure.
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.
