Silver Price Today [5 March, 2026]: Silver Drops to ₹2.85 Lakh/kg After Recent Surge; International Spot Eases from Peaks | Check City-Wise Rates

Silver Price Today, 5 March 2026: Silver commands attention in 2026, with global spot at $83.27/oz up 16% YTD after 2025's 148% surge to $3,039/kg. India's demand hits 3,500 tonnes yearly (55% industrial), as Delhi trades ₹2,84,900/kg amid Iran-driven MCX spikes to ₹2.72L. 

International Silver Price (Spot)

Spot silver clings to $83.27/oz after 1.4% rebound, battling dollar strength while YTD +16% reflects supply crunch and per gram $2.68 globally.

Metric	Value	Change
Spot/Oz	$83.27	+1.4%
Per Gram	$2.68	+1.4%
Per Kg	$2,677	+1.4%
YTD	+16%	-

Key International Drivers

• Iran strikes spur safe-haven rush and mirroring gold's 19% YTD.
• Industrial hunger: 1.2B oz demand vs 1B oz supply.
• Dollar uptick caps and Fed cuts could unleash $90/oz.

Domestic Silver Price (India)

MCX May futures eased to ₹2,65,318/kg post ₹2,72,248 peak (+2.61%) while Rupee at 85.5/USD amplifies imported gains.

Contract	Price/kg	Change
May Fut	₹2,65,318	-₹5,682
Intraday Hi	₹2,72,248	+2.61%

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

Unit	Today	Yesterday	Change
1g	₹284.90	₹285	-₹0.10
10g	₹2,849	₹2,850	-₹1
100g	₹28,490	₹28,500	-₹10
1kg	₹2,84,900	₹2,85,000	-₹100

City-Wise Silver Rates (Per Kg)

City	Silver (₹/kg)
Chennai	₹2,94,900
Mumbai	₹2,84,900
Delhi	₹2,84,900
Kolkata	₹2,84,900
Bengaluru	₹2,84,900
Hyderabad	₹2,94,900
Kerala	₹2,94,900
Pune	₹2,84,900
Vadodara	₹2,84,900
Ahmedabad	₹2,84,900
Jaipur	₹2,84,900
Lucknow	₹2,84,900
Coimbatore	₹2,94,900
Madurai	₹2,94,900
Vijayawada	₹2,94,900
Patna	₹2,84,900
Chandigarh	₹2,84,900
Kochi	₹2,94,900
Salem	₹2,94,900
Surat	₹2,84,900
Bhubaneswar	₹2,94,900
Mangalore	₹2,84,900
Mysore	₹2,84,900
Guntur	₹2,94,900
Visakhapatnam	₹2,94,900

Silver Rate in Delhi for Last 10 Days

Date	Price (₹/kg)	Change
Mar 05, 2026	₹2,84,900	-₹100
Mar 04, 2026	₹2,85,000	-₹10,000
Mar 03, 2026	₹2,95,000	-₹20,000
Mar 02, 2026	₹3,15,000	+₹20,000
Mar 01, 2026	₹2,95,000	±0
Feb 28, 2026	₹2,95,000	+₹10,000
Feb 27, 2026	₹2,85,000	±0
Feb 26, 2026	₹2,85,000	±0
Feb 25, 2026	₹2,85,000	±0
Feb 24, 2026	₹2,85,000	-₹15,000

Silver Price Movement in Delhi, February 2026

Metric	₹/kg
Feb Open	3,50,000
Feb Close	2,95,000
Monthly High	3,50,000
Monthly Low	2,55,000
% Change	-15.71%

Key Market Insights

• Volumes up 30% on MCX amid Iran news and ETFs see ₹50bn inflows.
• South India premiums ₹10k higher on demand surge.
• Gold-silver ratio at 85:1 signals silver undervalued.

Top Online Platforms to Buy Silver in India (2026)

• Paytm Silver: Instant UPI buys and demat storage.
• Groww-Augmont: SIPs from ₹10, zero making charge.
• SafeGold: App-based and redeem bars/coins.
• MMTC-PAMP: Hallmarked purity and home delivery.
• Shriram Gold: Competitive spreads and assured buyback.

Precious Metals Rally Amid Middle East Tensions

• Trump-confirmed US hits on Iran navy spiked MCX 2.61%.
• Stocks shed 3% and Rupee or  billions flee to bullion/crude.
• Platinum or palladium tag along +1%.
• The US dollar strengthened and making dollar-denominated assets such as bullion more expensive for other currency holders.
• As the conflict in the Middle East intensified, President Donald Trump told reporters that the U.S. military had delivered extensive strikes on Iranian naval and air capabilities, claiming that most of Iran’s key defensive systems had been put out of action.

What This Means for Investors

• Dip creates entry opportunities: Today's pullback to ₹94,900/kg in Delhi offers a buying window in silver's 16% YTD rally—ideal for averaging in via SIPs amid industrial tailwinds.
• Diversify smartly (5-10% allocation): Balance portfolio volatility and silver hedges inflation better than cash while complementing equities during stock crashes.
• Industrial demand locks gains: Solar/EV sectors consume 55% supply and deficits support long-term upside despite short swings.
• Choose formats wisely: ETFs/digital silver beat physical for liquidity (no 3% GST storage hassle) and physical suits long-hold with bank lockers.
• Watch volatility as feature: Higher beta than gold means amplified returns in bull runs, but pair with stop-losses near ₹2,85,000 MCX support.

Why is Silver Surging Today?

Silver is not rising today, it is correcting by ₹100 to ₹2,84,900/kg in Delhi as MCX has risen by 2.61% to a peak of ₹2.72 lakh on the back of US strikes on Iran. However, profit-taking coupled with the fall in stocks is causing the correction, but the rally for the rebound remains strong as the year-to-date rally is 16% and demand for solar and EVs is 55%.

Why are Gold & Silver Prices Rising?

• Geopolitics: US-Iran flares drive risk-off flows.
• Supply crunch: 200M oz deficit projected 2026.
• Rupee slide +2% boosts INR quotes.

Key Levels to Watch

• MCX Support: ₹2,85,000/kg
• Resistance: ₹3,00,000/kg
• South: ₹3,30,000 target on breakout

FAQ’s: Silver Price Today

1. Why the dip today? 

Profit-taking post-rally; intl eases from $93 highs.

2. Good time to buy? 

Yes with 16% YTD, industrial boom ahead.

3. Physical or ETF? 

Digital for ease and physical for tangibility (+GST).

4. February volatility cause? 

Post-Jan peak correction (-15.71%).

5. What are the Storage tips? 

Demat apps or bank lockers; insure above ₹2L.