The silver price in India today, March 30, 2026, stands at ₹245 per gram and ₹2,45,000 per kilogram. The national silver rate is unchanged from yesterday’s level of ₹245 per gram, reflecting a period of consolidation in the metal as global markets digest the latest developments in the Iran conflict, including Iran’s rejection of the US 15-point peace proposal last week and the intensification of hostilities with Houthi forces joining the conflict over the weekend.
Today’s Silver Price Per Gram in India — March 30, 2026
At the national level, silver is priced at ₹245 per gram today, unchanged from ₹245 yesterday. For 8 grams the price is ₹1,960. For 10 grams the price is ₹2,450. For 100 grams the price is ₹24,500. For 1 kilogram the price is ₹2,45,000. The zero change from yesterday reflects a stabilisation in silver prices after the extraordinary volatility of the past five weeks, with the metal currently down approximately 30 percent from its March peak as rate hike fears generated by the oil price shock continue to weigh on precious metals.
City Wise Silver Rates Today — March 30, 2026
Silver rate in Mumbai: ₹2,450 per 10 grams, ₹24,500 per 100 grams, ₹2,45,000 per kg.
Silver rate in Delhi: ₹2,450 per 10 grams, ₹24,500 per 100 grams, ₹2,45,000 per kg.
Silver rate in Kolkata: ₹2,450 per 10 grams, ₹24,500 per 100 grams, ₹2,45,000 per kg.
Silver rate in Bangalore: ₹2,450 per 10 grams, ₹24,500 per 100 grams, ₹2,45,000 per kg.
Silver rate in Pune: ₹2,450 per 10 grams, ₹24,500 per 100 grams, ₹2,45,000 per kg.
Silver rate in Ahmedabad: ₹2,450 per 10 grams, ₹24,500 per 100 grams, ₹2,45,000 per kg.
Silver rate in Vadodara: ₹2,450 per 10 grams, ₹24,500 per 100 grams, ₹2,45,000 per kg.
Silver rate in Chennai: ₹2,500 per 10 grams, ₹25,000 per 100 grams, ₹2,50,000 per kg.
Silver rate in Hyderabad: ₹2,500 per 10 grams, ₹25,000 per 100 grams, ₹2,50,000 per kg.
Silver rate in Kerala: ₹2,500 per 10 grams, ₹25,000 per 100 grams, ₹2,50,000 per kg.
Why Silver Is Unchanged Today
Today’s flat silver price reflects a metal caught between competing forces that are roughly balancing each other out in the near term. On the downside, global silver fell nearly 2 percent toward $68 per troy ounce on Monday as the West Asia conflict entered its fifth week with no resolution, with Iran-backed Houthi militants in Yemen joining the conflict over the weekend and the US military reportedly preparing for weeks of ground operations in Iran. The Federal Reserve is now being priced for a potential rate hike this year, a sharp reversal from earlier expectations for two rate cuts, and higher rates make zero-yield silver structurally less attractive.
On the upside, Iranian strikes on Emirates Global Aluminium’s Abu Dhabi facility and Aluminium Bahrain’s operations over the weekend have raised fears of a broader industrial metals supply shock, providing some support to precious metals as a class. The rupee’s continued weakness against the dollar at approximately 94 is also partially cushioning the rupee-denominated silver price against the full extent of the international dollar price decline, which is why the 30 percent decline from the March peak has not been fully replicated in rupee terms.
Why Chennai, Hyderabad and Kerala Have Higher Silver Rates
The ₹5,000 per kilogram premium that Chennai, Hyderabad, and Kerala carry over the national benchmark of ₹2,45,000 per kilogram is a structural feature of India’s silver market rather than a reflection of any quality or availability difference. Tamil Nadu, Telangana, and Kerala have state-level tax structures and local market conventions that consistently place their cities at a premium over north and west Indian markets. This differential has remained stable through the entire period of silver price volatility during the Iran conflict and is expected to persist regardless of the direction in which silver prices move from current levels.
Silver Market Context on March 30, 2026
Silver is currently down approximately 30 percent from its March peak, a significantly steeper decline than gold’s 15 to 17 percent fall from its own peak. The metal’s greater sensitivity to rate expectations, its dual nature as both a precious metal and an industrial commodity, and the absence of the central bank buying support that has partially cushioned gold’s decline have all contributed to silver’s sharper correction.
The flat reading today, with zero change from yesterday’s levels, may indicate that the most acute selling pressure of the past five weeks is beginning to stabilise at current levels. Whether that stabilisation develops into a genuine recovery depends entirely on the trajectory of the Iran conflict’s diplomatic resolution, the Federal Reserve’s actual rate path as energy-driven inflation data feeds through, and whether the industrial metals supply shock from the Gulf aluminium facility strikes provides additional support to silver’s industrial demand component.
For Indian silver buyers, ₹2,45,000 per kilogram in most cities and ₹2,50,000 in southern cities represents a significant discount from the peak levels of March and may represent a compelling entry point for those with occasion-driven or long-term investment requirements, subject to the caveat that near-term direction remains highly uncertain given the unresolved geopolitical situation.
Silver prices cited are indicative rates for March 30, 2026 and are subject to change intraday. Actual transaction prices may vary based on dealer margins and making charges. This article is for informational purposes only and does not constitute investment advice.