Silver prices in India have edged higher on Tuesday, March 24, 2026, with the national rate rising ₹5 per gram from yesterday’s levels. The silver price today in India stands at ₹235 per gram and ₹2,35,000 per kilogram, up from ₹230 per gram and ₹2,30,000 per kilogram on March 23. The modest uptick comes as global silver markets attempt a partial recovery after the metal suffered one of its most dramatic collapses in recent memory, falling as much as 37 percent from its March peak as rising energy prices from the Iran conflict drove inflation fears and interest rate hike expectations globally.
Silver prices in India are determined by international spot prices, import duties, GST, and local market conditions. City-wise rates vary slightly depending on local taxes and dealer margins, with southern and eastern cities typically carrying a marginal premium over the national benchmark.
Today’s Silver Price Per Gram in India
At the national level, silver is priced at ₹235 per gram today, up ₹5 from ₹230 yesterday. For 8 grams the price is ₹1,880, up ₹40 from ₹1,840. For 10 grams the price is ₹2,350, up ₹50 from ₹2,300. For 100 grams the price is ₹23,500, up ₹500 from ₹23,000. For 1 kilogram the price is ₹2,35,000, up ₹5,000 from ₹2,30,000.
City Wise Silver Rates Today — March 24, 2026
Silver rate in Mumbai: ₹2,350 per 10 grams, ₹23,500 per 100 grams, ₹2,35,000 per kg
Silver rate in Delhi: ₹2,350 per 10 grams, ₹23,500 per 100 grams, ₹2,35,000 per kg
Silver rate in Kolkata: ₹2,350 per 10 grams, ₹23,500 per 100 grams, ₹2,35,000 per kg
Silver rate in Bangalore: ₹2,350 per 10 grams, ₹23,500 per 100 grams, ₹2,35,000 per kg
Silver rate in Pune: ₹2,350 per 10 grams, ₹23,500 per 100 grams, ₹2,35,000 per kg
Silver rate in Ahmedabad: ₹2,350 per 10 grams, ₹23,500 per 100 grams, ₹2,35,000 per kg
Silver rate in Jaipur: ₹2,350 per 10 grams, ₹23,500 per 100 grams, ₹2,35,000 per kg
Silver rate in Lucknow: ₹2,350 per 10 grams, ₹23,500 per 100 grams, ₹2,35,000 per kg
Silver rate in Patna: ₹2,350 per 10 grams, ₹23,500 per 100 grams, ₹2,35,000 per kg
Silver rate in Nagpur: ₹2,350 per 10 grams, ₹23,500 per 100 grams, ₹2,35,000 per kg
Silver rate in Chandigarh: ₹2,350 per 10 grams, ₹23,500 per 100 grams, ₹2,35,000 per kg
Silver rate in Surat: ₹2,350 per 10 grams, ₹23,500 per 100 grams, ₹2,35,000 per kg
Silver rate in Vadodara: ₹2,350 per 10 grams, ₹23,500 per 100 grams, ₹2,35,000 per kg
Silver rate in Nashik: ₹2,350 per 10 grams, ₹23,500 per 100 grams, ₹2,35,000 per kg
Silver rate in Mysore: ₹2,350 per 10 grams, ₹23,500 per 100 grams, ₹2,35,000 per kg
Silver rate in Rajkot: ₹2,350 per 10 grams, ₹23,500 per 100 grams, ₹2,35,000 per kg
Silver rate in Mangalore: ₹2,350 per 10 grams, ₹23,500 per 100 grams, ₹2,35,000 per kg
Silver rate in Ayodhya: ₹2,350 per 10 grams, ₹23,500 per 100 grams, ₹2,35,000 per kg
Silver rate in Davanagere: ₹2,350 per 10 grams, ₹23,500 per 100 grams, ₹2,35,000 per kg
Silver rate in Chennai: ₹2,400 per 10 grams, ₹24,000 per 100 grams, ₹2,40,000 per kg
Silver rate in Hyderabad: ₹2,400 per 10 grams, ₹24,000 per 100 grams, ₹2,40,000 per kg
Silver rate in Kerala: ₹2,400 per 10 grams, ₹24,000 per 100 grams, ₹2,40,000 per kg
Silver rate in Coimbatore: ₹2,400 per 10 grams, ₹24,000 per 100 grams, ₹2,40,000 per kg
Silver rate in Madurai: ₹2,400 per 10 grams, ₹24,000 per 100 grams, ₹2,40,000 per kg
Silver rate in Vijayawada: ₹2,400 per 10 grams, ₹24,000 per 100 grams, ₹2,40,000 per kg
Silver rate in Visakhapatnam: ₹2,400 per 10 grams, ₹24,000 per 100 grams, ₹2,40,000 per kg
Silver rate in Salem: ₹2,400 per 10 grams, ₹24,000 per 100 grams, ₹2,40,000 per kg
Silver rate in Trichy: ₹2,400 per 10 grams, ₹24,000 per 100 grams, ₹2,40,000 per kg
Silver rate in Bhubaneswar: ₹2,400 per 10 grams, ₹24,000 per 100 grams, ₹2,40,000 per kg
Silver rate in Cuttack: ₹2,400 per 10 grams, ₹24,000 per 100 grams, ₹2,40,000 per kg
Why Silver Prices Differ Across Cities
The variation between city groups reflects local tax structures, transportation costs, and state-level levies that are applied on top of the national benchmark price. Cities in Tamil Nadu, Andhra Pradesh, Telangana, Odisha, and Kerala tend to carry a slightly higher rate than the national benchmark due to state-specific tax components and local market conventions. The difference of ₹50 per 10 grams between the ₹2,350 group and the ₹2,400 group is consistent with these structural factors rather than any difference in the underlying silver commodity price.
Why Silver Prices Are Moving Right Now
Silver’s price in India reflects a global commodity under extraordinary pressure from the ongoing Iran war. The metal fell as much as 37 percent from its March peak as rising crude oil prices drove inflation fears globally, which in turn drove central bank rate hike expectations, which made zero-yield metals like silver unattractive relative to interest-bearing assets. The World Gold Council has noted that silver’s dual nature as both a monetary metal and an industrial commodity has made it particularly vulnerable in the current environment, where both the monetary case and the industrial demand case are simultaneously under pressure.
Tuesday’s modest ₹5 per gram recovery from Monday’s levels reflects the partial relief in global markets following Donald Trump’s announcement of a five day pause on US strikes against Iranian power plants and claims of major points of agreement with Iran toward a resolution. However, with Iran maintaining its position that no talks have taken place and the Strait of Hormuz situation remaining unresolved, silver’s recovery is tentative and subject to reversal if diplomatic progress fails to materialise.
For buyers and sellers of physical silver in India, whether for investment, jewellery, or industrial use, the current environment requires close daily monitoring of both international spot prices and the rupee exchange rate, both of which are moving significantly in response to geopolitical developments.
Silver prices cited in this article are indicative rates for March 24, 2026 and are subject to change. Actual transaction prices may vary based on dealer margins, making charges, and local market conditions. This article is for informational purposes only and does not constitute investment advice.