Silver Price Today, 9 March 2026: Due to ongoing geopolitical concerns and persistent industrial demand, domestic silver prices in India are still close to previous highs, while international silver prices are exhibiting mild volatility, trading at $84.37 per ounce. Following the severe fluctuations seen earlier this month, the white metal is still consolidating.
International Silver Prices (Spot Market)
Global silver markets are experiencing moderate volatility, with prices holding above key support levels amid persistent geopolitical concerns and industrial demand.
| Metric | Value |
|---|---|
| Spot Silver | ~$84.37 per ounce |
| Price per Gram | ~$2.71 |
| Price per Kilo | ~$2,713 |
Key International Drivers:
- Geopolitical Impact: Ongoing hostilities, particularly between Iran and Israel, are driving investors to silver as a safe-haven asset.
- Industrial Demand: Rising demand for silver in electronics and renewable energy drives rising costs.
- Technical Consolidation: Following recent volatility, prices are consolidating around present levels.
Silver (SIW00) Price Chart
| Time | Price (USD) |
|---|---|
| 6 Mar 2026 | $84.50 |
| 7 Mar 2026 | $84.30 |
| 9 Mar 2026 | $82.32 |
- Open: $84.62
- High: $85.30
- Low: $81.06
- Previous Close: $84.31
- Volume: 5,349
- Open Interest: 76,948
Domestic Silver Prices (India)
The standard rate for Indian silver remains around ₹2.84 lakh per kilogram, indicating a slight decrease. Retail prices include 3% GST and vary by city depending on local demand and transit costs.
| Quantity | Standard Rate | Daily Change |
|---|---|---|
| Per Gram | ₹284.90 | -₹0.10 |
| Per 10 Grams | ₹2,849 | -₹1 |
| Per Kilogram | ₹2,84,900 | -₹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 | Today’s Price | Yesterday’s Price |
|---|---|---|
| Chennai | ₹2,90,000 | ₹2,90,000 |
| Mumbai | ₹2,85,000 | ₹2,85,000 |
| Delhi | ₹2,84,900 | ₹2,85,000 |
| Bangalore | ₹2,84,900 | ₹2,85,000 |
| Hyderabad | ₹2,89,900 | ₹2,89,900 |
| Kerala | ₹2,89,900 | ₹2,89,900 |
| Kolkata | ₹2,84,900 | ₹2,85,000 |
| Pune | ₹2,84,900 | ₹2,85,000 |
Silver Rate in India for Last 10 Days
| Date | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| 09 Mar, 2026 | ₹2,849 | ₹28,490 | ₹2,84,900 |
| 08 Mar, 2026 | ₹2,850 | ₹28,500 | ₹2,85,000 |
| 07 Mar, 2026 | ₹2,850 | ₹28,500 | ₹2,85,000 |
| 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 |
Silver Price Movement in March 2026
| Metric | Rate (₹/kg) |
|---|---|
| 1 March Opening | 2,95,000 |
| 2 March Peak | 3,15,000 |
| 9 March Closing | 2,84,900 |
| Highest Rate in March | 3,15,000 (2 Mar) |
| Lowest Rate in March | 2,84,900 (9 Mar) |
| Monthly Change | -3.42% |
| Price Trend | Consolidating after sharp fall |
Key Market Insights
- Geopolitical Drivers: Ongoing conflicts, particularly involving Iran and Israel, continue to drive investors toward silver as a safe-haven asset.
- Industrial Background: Rising demand for silver in electronics and renewable energy continues to provide long-term structural support.
- Southern cities, including Chennai, Hyderabad, and Kerala, continue to attract a premium of ₹5,000 per kg above northern metros due to stronger cultural and industrial demand.
- Exchange Rate Impact: The USD-INR exchange rate has a significant impact on domestic costs; a weaker rupee makes imported silver more expensive in India.
- Silver is currently consolidating near ₹2.85 lakh, following a surge to ₹3.15 lakh on March 2 and subsequent drop.
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 ability to stay above critical support levels despite recent pullbacks indicates its durability. The current consolidation period may provide a window of opportunity for long-term investors. Keep an eye on these key levels:
International:
- Support: $81.00 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 challenging 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.
