Silver Price Today, 28 March 2026: Silver prices have seen a slight recovery following a volatile week, with international spot silver trading at approximately $69.58 per ounce, edging up by about 1.2% in the last 24 hours. In India, domestic prices have settled at ₹2.39 lakh per kilogram, benefiting from a slight pullback in the US Dollar index and renewed safe-haven demand, though prices remain significantly lower than their early-March peak of over $120.
International Silver Rates
Spot Silver: ~$69.58 per ounce. Performance: Prices edged up by about 1.2% in the last 24 hours. Market Context: Silver is benefiting from a slight pullback in the US Dollar index and renewed safe-haven demand, though it remains significantly lower than its early-March peak of over $120.
Domestic Silver Prices (India) – 28 March 2026
| Category | Per Gram | Per 10 Grams | Per Kg | Daily Change |
|---|---|---|---|---|
| Silver 999 (Fine) | ₹239.90 | ₹2,399 | ₹2,39,900 | -₹100 |
Today Silver Price Per Gram/Kg in India (INR)
| Gram | Today | Yesterday | Change |
|---|---|---|---|
| 1 | ₹239.90 | ₹240 | – ₹0.10 |
| 8 | ₹1,919.20 | ₹1,920 | – ₹0.80 |
| 10 | ₹2,399 | ₹2,400 | – ₹1 |
| 100 | ₹23,990 | ₹24,000 | – ₹10 |
| 1000 | ₹2,39,900 | ₹2,40,000 | – ₹100 |
City-wise Silver Rates (per kg)
Most major cities report nearly uniform rates, with a premium typically seen in southern regions.
| City | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| Chennai | ₹2,449 | ₹24,490 | ₹2,44,900 |
| Mumbai | ₹2,399 | ₹23,990 | ₹2,39,900 |
| Delhi | ₹2,399 | ₹23,990 | ₹2,39,900 |
| Kolkata | ₹2,399 | ₹23,990 | ₹2,39,900 |
| Bangalore | ₹2,399 | ₹23,990 | ₹2,39,900 |
| Hyderabad | ₹2,449 | ₹24,490 | ₹2,44,900 |
| Kerala | ₹2,449 | ₹24,490 | ₹2,44,900 |
| Pune | ₹2,399 | ₹23,990 | ₹2,39,900 |
| Vadodara | ₹2,399 | ₹23,990 | ₹2,39,900 |
| Ahmedabad | ₹2,399 | ₹23,990 | ₹2,39,900 |
Silver Rate in India for Last 10 Days
| Date | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| 28 Mar, 2026 | ₹2,399 | ₹23,990 | ₹2,39,900 |
| 27 Mar, 2026 | ₹2,400 | ₹24,000 | ₹2,40,000 |
| 26 Mar, 2026 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| 25 Mar, 2026 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| 24 Mar, 2026 | ₹2,350 | ₹23,500 | ₹2,35,000 |
| 23 Mar, 2026 | ₹2,300 | ₹23,000 | ₹2,30,000 |
| 22 Mar, 2026 | ₹2,450 | ₹24,500 | ₹2,45,000 |
| 21 Mar, 2026 | ₹2,450 | ₹24,500 | ₹2,45,000 |
| 20 Mar, 2026 | ₹2,550 | ₹25,500 | ₹2,55,000 |
| 19 Mar, 2026 | ₹2,600 | ₹26,000 | ₹2,60,000 |
Silver Price Movement in March 2026
| Metric | Rate (₹/kg) |
|---|---|
| 1 March Opening | 2,95,000 |
| 2 March Peak | 3,15,000 |
| 28 March Closing | 2,39,900 |
| Highest Rate in March | 3,15,000 (02 March) |
| Lowest Rate in March | 2,30,000 (23 March) |
| Monthly Change | -18.68% |
| Price Trend | Falling from peak |
Key Market Insights
- Monthly Trend: For March 2026, silver opened at ₹2,95,000/kg and peaked at ₹3,15,000 on March 2. It has since fallen roughly 18.7% to current levels.
- Regional Premiums: Cities like Chennai and Hyderabad often command a ₹5,000–₹10,000 premium per kg due to higher local cultural and industrial demand.
- Industrial Demand: Growing solar and EV manufacturing in India is providing a strong floor for silver prices despite global macro-economic pressure.
- Investment Alternatives: Silver ETFs such as Nippon India Silver ETF (SILVERBEES) and ICICI Prudential Silver ETF remain popular in 2026 for avoiding physical storage costs and GST.
- Currency Impact: The silver price in India is determined by international prices and currency movement of the rupee against the dollar.
Can Silver Prices Rise Further?
Short-Term Outlook:
- Dollar Movement: Further weakness in the US dollar could boost silver prices. The next resistance is around $72 per ounce.
- Geopolitical Support: Ongoing West Asia tensions may drive safe-haven demand.
- Industrial Demand: Growing solar and EV sectors in India continue to provide structural support.
- Technical Levels: A break above $70 could signal further upside.
Domestic Factors:
- Rupee Movement: A weaker rupee could make domestic silver more expensive.
- Regional Premiums: Southern cities continue to command a ₹5,000–₹10,000 premium due to higher demand.
Expert View: Analysts suggest that if the US dollar index continues to weaken, silver could test $72 in the coming weeks. The significant discount from early-March peaks may present an attractive entry point for long-term investors.
Key Considerations for Buyers
- Taxes: Domestic purchases are subject to a 3% GST in addition to the quoted market price.
- Making Charges: For physical silver items like utensils or jewellery, making charges typically range from 5% to 25%.
- Investment Options: Besides physical bars, investors can consider Silver ETFs or digital silver for cost-effective and liquid exposure.
- Long-Term Entry: The significant discount from early-March peaks may present an attractive entry point for long-term investors.
Disclaimer: Silver price in India is determined by international prices and currency movement. All rates are indicative and exclude GST and making charges. Please check with local jewellers for exact pricing.
