Silver Price Today, 7 March 2026: Silver prices have risen substantially in international markets, soaring more than 3% to around $84.70 per ounce as escalating geopolitical concerns in the Middle East drive new safe-haven buying. Gold prices in major Indian cities range from ₹2.84 lakh to ₹2.90 lakh per kilogram.
International Silver Price (Spot)
Global silver markets have bounced back strongly, recovering from recent lows as investors seek safe-haven assets amid ongoing Middle East volatility.
| Metric | Value |
|---|---|
| Spot Silver | ~$84.50 – $84.70 per ounce |
| Daily Change | +2.82% to +3.06% |
| 52-Week Range | $48.20 – $121.64 |
| Recent High | $121.64 (January 2026) |
| Intraday High | $85.33 |
| Intraday Low | $81.78 |
Key International Drivers:
- Geopolitical Volatility: The growing unrest in the Middle East continues to be the main driver of safe-haven flows.
- Industrial Demand: Long-term support is provided by robust structural demand from the electronics and solar energy industries.
- Technical Rebound: Buyers have intervened at lower levels following recent declines.
Silver (SIW00) Price Chart
| Time | Price (USD) |
|---|---|
| 6 Mar, 2:00 pm | $82.50 |
| 6 Mar, 6:00 pm | $83.20 |
| 6 Mar, 10:00 pm | $84.00 |
| 7 Mar, 2:00 am | $84.60 |
| 7 Mar, 3:30 am IST | $84.70 |
- Open: $82.56
- High: $85.33
- Low: $81.78
- Previous Close: $82.18
- Volume: 40,347
- Open Interest: 76,979
Domestic Silver Price (India)
Indian silver rates remain steady, with the metal trading in a narrow range as global cues provide direction. Prices are influenced by a 3% GST and applicable making charges for physical items.
| Quantity | Price Range | Daily Change |
|---|---|---|
| Per Gram | ₹285 – ₹290 | -₹0.10 |
| Per 10 Grams | ₹2,849 – ₹2,899 | -₹1 |
| Per Kilogram | ₹2,84,900 – ₹2,89,900 | -₹100 |
Today Silver Price Per Gram/Kg in India (INR)
| Gram | Today | Yesterday | Change |
|---|---|---|---|
| 1 | ₹284.90 | ₹285 | – ₹0.10 |
| 8 | ₹2,279.20 | ₹2,280 | – ₹0.80 |
| 10 | ₹2,849 | ₹2,850 | – ₹1 |
| 100 | ₹28,490 | ₹28,500 | – ₹10 |
| 1000 | ₹2,84,900 | ₹2,85,000 | – ₹100 |
Indian Major Cities Silver Rates Today
Rates show regional variation, with southern cities commanding a premium of up to ₹5,000 per kg over northern metros.
| City | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| Chennai | ₹2,899 | ₹28,990 | ₹2,89,900 |
| Mumbai | ₹2,849 | ₹28,490 | ₹2,84,900 |
| Delhi | ₹2,849 | ₹28,490 | ₹2,84,900 |
| Kolkata | ₹2,849 | ₹28,490 | ₹2,84,900 |
| Bangalore | ₹2,849 | ₹28,490 | ₹2,84,900 |
| Hyderabad | ₹2,899 | ₹28,990 | ₹2,89,900 |
| Kerala | ₹2,899 | ₹28,990 | ₹2,89,900 |
| Pune | ₹2,849 | ₹28,490 | ₹2,84,900 |
| Vadodara | ₹2,849 | ₹28,490 | ₹2,84,900 |
| Ahmedabad | ₹2,849 | ₹28,490 | ₹2,84,900 |
City-Wise Rates (Per Kg) – Snapshot
| City | Silver Price (per kg) |
|---|---|
| Chennai | ₹2,89,900 |
| Hyderabad | ₹2,89,900 |
| Kerala | ₹2,89,900 |
| Delhi | ₹2,84,900 |
| Mumbai | ₹2,84,900 |
| Kolkata | ₹2,84,900 |
| Bangalore | ₹2,84,900 |
| Pune | ₹2,84,900 |
Silver Rate in India for Last 10 Days
| Date | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| 07 Mar, 2026 | ₹2,849 | ₹28,490 | ₹2,84,900 |
| 06 Mar, 2026 | ₹2,850 | ₹28,500 | ₹2,85,000 |
| 05 Mar, 2026 | ₹2,850 | ₹28,500 | ₹2,85,000 |
| 04 Mar, 2026 | ₹2,850 | ₹28,500 | ₹2,85,000 |
| 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 |
Silver Price Movement in March 2026
| Metric | Rate (₹/kg) |
|---|---|
| 1 March Opening | 2,95,000 |
| 2 March Peak | 3,15,000 |
| 7 March Closing | 2,84,900 |
| Highest Rate in March | 3,15,000 (2 Mar) |
| Lowest Rate in March | 2,84,900 (7 Mar) |
| Monthly Change | -3.42% |
| Price Trend | Falling from peak |
Key Market Insights
- Geopolitical Drivers: Escalating Middle East tensions continue to provide strong support for silver prices, with the metal rebounding over 3% internationally.
- Southern cities like Chennai, Hyderabad, and Kerala charge a premium of ₹5,000 per kg over northern metros due to increased cultural and industrial demand.
- Industrial Backdrop: Silver’s role in solar energy and electronics continues to provide long-term structural support.
- Currency Impact: Silver price in India is determined by international prices and currency movement. A weaker rupee would make imports more expensive.
- Volatility Persists: Early in March, the metal saw enormous fluctuations, going from ₹2.95 lakh on March 1 to ₹3.15 lakh on March 2, and it is currently stabilizing at ₹2.85 lakh.
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 sharp rebound from recent lows demonstrates the metal’s sensitivity to geopolitical developments. Key levels to watch:
International:
- Support: $81.50 per ounce
- Resistance: $85.50 per ounce
Domestic:
- Support: ₹2,75,000 per kg
- Resistance: ₹2,95,000 per kg
Silver’s dual status as a precious and industrial metal offers long-term investors distinct diversification potential. While the metal’s volatility makes it difficult for short-term traders, it does give opportunities for systematic investors to accumulate. Systematic investment plans (SIPs) in digital silver or silver ETFs remain a popular strategy for investing in the precious metals market while minimizing entry timing risk.
