Silver Price Today Per Kg in Major Cities.

Silver Price Today Per Kg in Major Cities.

Silver prices in India saw a sharp correction on March 23, 2026, with retail benchmark rates falling to around ₹2,30,000 per kilogram in most major cities, while some southern markets such as Chennai continued to trade at a slightly higher premium of ₹2,35,000 per kg. The decline follows a strong selloff in both domestic and global bullion markets, where silver futures on the commodity exchange also dropped sharply during early trading hours.

For buyers, jewellers, traders, and investors, city-wise silver rates remain important because local taxes, logistics, and bullion demand can create small pricing differences even when the national benchmark remains similar. Today’s rates reflect 999 purity silver (fine silver) and are generally quoted before GST and making charges where applicable.

Silver Price Today

Title	Details
National Average Silver Rate	₹2,30,000 per kg
Chennai Silver Rate	₹2,35,000 per kg
Delhi Silver Rate	₹2,30,000 per kg
Mumbai Silver Rate	₹2,30,000 per kg
Kolkata Silver Rate	₹2,30,000 per kg
Bangalore Silver Rate	₹2,30,000 per kg
Purity Standard	999 Fine Silver
Daily Movement	₹15,000 lower than previous day

Silver Price Per Kg in Major Indian Cities Today

Delhi

Silver is trading at ₹2,30,000 per kilogram today.

Mumbai

Mumbai silver rate also stands at ₹2,30,000 per kilogram.

Kolkata

The Kolkata benchmark remains ₹2,30,000 per kilogram.

Bangalore

Bangalore follows the same national benchmark at ₹2,30,000 per kilogram.

Hyderabad

Hyderabad silver price is ₹2,30,000 per kilogram.

Pune

Pune markets are also quoting silver at ₹2,30,000 per kilogram.

Chennai

Chennai continues to trade slightly higher at ₹2,35,000 per kilogram because of local premium differences.

Latest City-Wise Silver Rate Table

City	Silver Price per Kg
Delhi	₹2,30,000
Mumbai	₹2,30,000
Kolkata	₹2,30,000
Bangalore	₹2,30,000
Hyderabad	₹2,30,000
Pune	₹2,30,000
Ahmedabad	₹2,30,000
Chennai	₹2,35,000

Why Silver Prices Fell Today

The major reason for today’s drop is a sharp decline in bullion sentiment globally.

Current factors include:

• Stronger US dollar pressure

• Global commodity selloff

• Profit booking after recent highs

• Weak silver futures on commodity exchanges

Domestic silver futures also touched lower levels during today’s morning session.

MCX Silver Trend Today

On the Multi Commodity Exchange (MCX), silver futures showed heavy volatility.

Key movement:

• Futures slipped below recent highs

• Intraday decline crossed ₹13,000 per kg in early trading

• Market remained highly volatile through morning trade

Retail physical silver prices usually react after MCX movement.

Difference Between Retail Silver Rate and Futures Rate

Many buyers confuse physical and exchange prices.

Retail Silver Rate

This is the market price paid at jewellers or bullion dealers.

Futures Rate

This is the trading price on commodity exchanges for contracts.

Retail prices often include:

• GST

• Dealer premium

• Transport cost

Therefore, physical silver can differ from exchange value.

Silver Price Movement Over the Last Few Days

Recent trend shows strong fluctuation:

Date	Silver Price per Kg
March 23	₹2,30,000
March 22	₹2,45,000
March 21	₹2,45,000
March 20	₹2,55,000

This confirms a steep short-term correction.

What Affects Silver Rates in Indian Cities

Silver prices change because of:

• International bullion rates

• Rupee-dollar exchange rate

• Industrial demand

• Festival buying demand

• Import cost changes

Southern cities sometimes show slightly higher rates because of regional demand differences.

Best Time to Check Silver Rate Before Buying

For accurate purchase timing:

• Check rates after 10 AM

• Compare local jeweller quote

• Verify 999 purity

• Ask whether GST is included

Prices can shift during the day when global markets are volatile.

Frequently Asked Questions ( FAQs )

What is silver price today per kg in India?

Around ₹2,30,000 per kilogram in most major cities.

Which city has the highest silver rate today?

Chennai is trading slightly higher at ₹2,35,000 per kg.

Why did silver price fall today?

Because of global bullion weakness and stronger dollar movement.

Is MCX silver same as jewellery silver rate?

No, MCX reflects futures contracts, while retail includes taxes and dealer margin.

Does GST apply on silver purchase?

Yes, GST applies on retail silver buying.

Is silver cheaper than yesterday?

Yes, today silver is lower by about ₹15,000 per kg compared to yesterday.

Final Takeaway

Today’s silver market shows one of the sharpest recent corrections, bringing the benchmark price back to ₹2.30 lakh per kilogram in most Indian cities. Buyers planning jewellery, bullion bars, or investment purchases should monitor intraday movement because silver is currently reacting strongly to global commodity volatility and domestic futures pressure.