Silver Price Today [7 March, 2026]: Silver Rebounds 3% to $84.70 on Middle East Tensions; Domestic Rates Hold at ₹2.84 Lakh/kg | Check City-Wise Rates

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.