Silver Price Today [4 March, 2026]: Silver Retreats to ₹2.94 Lakh/kg After Sharp Rally; International Spot Eases from Peaks | Check City-Wise Rates

Silver Price Today, 4 March 2026: Following a significant increase fueled by tensions in the Middle East, silver prices in Delhi have slightly declined, pulling back from recent highs due to profit-taking. After rising to ₹3.15 lakh earlier in the week, the white gold is currently selling at ₹2,94,900 a kilogram, indicating a slight decline.

International Silver Price (Spot)

Global silver markets have pulled back alongside gold as a stronger dollar and profit-taking offset safe-haven demand. The metal had touched multi-week highs amid escalating geopolitical tensions.

Metric	Value
Spot Silver	$88 – $95 per ounce (volatile range)
Recent High	$96.40 per ounce
Market Drivers	Profit-taking vs. geopolitical support

Key International Drivers:

• Geopolitica: The Middle East's persistent tensions continue to provide underlying support notwithstanding today's retreat.
• Dollar Strength: A firmer US dollar is weighing on all dollar-denominated commodities.
• Technical Correction: After the sharp rally to $96.40, prices are undergoing a healthy consolidation.

Domestic Silver Price (India)

The recent spike in Indian silver prices has been reversed, with prices falling by almost ₹20,000 per kg from the peak of ₹3.15 lakh on March 2

Quantity	Today's Price	Change from Yesterday
Per Gram	₹294.90	-₹0.10
Per 10 Grams	₹2,949	-₹1
Per Kilogram	₹2,94,900	-₹100

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

Gram	Today	Yesterday	Change
1	₹294.90	₹295	- ₹0.10
8	₹2,359.20	₹2,360	- ₹0.80
10	₹2,949	₹2,950	- ₹1
100	₹29,490	₹29,500	- ₹10
1000	₹2,94,900	₹2,95,000	- ₹100

City-Wise Silver Rates (Per Kg)

City	Silver Price (per kg)
Delhi	₹2,94,900
Mumbai	₹2,95,000 (approx.)
Chennai	₹2,94,900 (approx.)
Kolkata	₹2,94,900 (approx.)
Bangalore	₹2,94,900 (approx.)

Note: Rates may vary slightly by city due to local taxes and transportation costs.

Silver Rate in Delhi for Last 10 Days

Date	10 gram	100 gram	1 Kg
04 Mar, 2026	₹2,949	₹29,490	₹2,94,900
03 Mar, 2026	₹2,950	₹29,500	₹2,95,000
02 Mar, 2026	₹3,150	₹31,500	₹3,15,000
01 Mar, 2026	₹2,950	₹29,500	₹2,95,000
28 Feb, 2026	₹2,950	₹29,500	₹2,95,000
27 Feb, 2026	₹2,850	₹28,500	₹2,85,000
26 Feb, 2026	₹2,850	₹28,500	₹2,85,000
25 Feb, 2026	₹2,850	₹28,500	₹2,85,000
24 Feb, 2026	₹2,850	₹28,500	₹2,85,000
23 Feb, 2026	₹3,000	₹30,000	₹3,00,000

Silver Price Movement in Delhi, February 2026

Metric	Rate (₹/kg)
1 February Opening	3,50,000
28 February Closing	2,95,000
Highest Rate in February	3,50,000 (1 Feb)
Lowest Rate in February	2,55,000 (18 Feb)
Recovery from Lows	+₹40,000 per kg
Monthly % Change	-15.71%
Price Trend	Falling then recovering

Key Market Insights

• Profit-Taking After Surge: On March 2, silver saw a strong increase to ₹3.15 lakh due to demand for safe havens in the wake of the Middle East strikes. The slight decline today is indicative of sound profit-taking.
• Volatile Trading: The metal has experienced enormous fluctuations, ranging from ₹2.55 lakh in February to ₹3.15 lakh in March, or ₹60,000 per kilogram in just two weeks.
• Consolidation Phase: Current prices near ₹2.95 lakh suggest the market is establishing a new equilibrium after the recent volatility.
• Delhi Market: Silver in the national capital is seeing investment in every form, including utensils, silverware, and coins, reflecting strong cultural demand.

Top Online Platforms to Buy Silver in India (2026)

• Digital Gold & Silver Apps: PhonePe (MMTC-PAMP, SafeGold), Google Pay, Paytm, OroPocket (₹1 entry, Bitcoin rewards).
• Jewellery Brand Platforms: Tanishq, CaratLane, Kalyan Jewellers Candere (silver coins, bars, utensils).
• Physical Bullion Platforms: MMTC-PAMP (999.9 purity silver bars/coins), Augmont, Motilal Oswal.

What This Means for Investors

Silver's quick recovery from February lows of ₹2.55 lakh to current prices highlights the metal's strong reaction to global tensions. Investors who missed the first advance may find the present drop to be an opportunity.

Key levels to watch:

• Support: ₹2,85,000 per kg
• Resistance: ₹3,15,000 per kg (recent peak)
• February High: ₹3,50,000 per kg

For long-term investors, silver's dual role as both a precious and industrial metal offers unique diversification benefits. The metal's volatility, while challenging for short-term traders, creates accumulation opportunities for systematic investors. Investing in silver ETFs or digital silver through systematic investment plans (SIPs) is still a good way to take part in the precious metals uptrend while controlling entry timing risk.