New Delhi, March 08: Silver rate (silver prices) in India extended their downward trend on Sunday, March 8, hitting their lowest levels for the month of March. Check the latest silver rates today in major cities including Delhi, Mumbai, Chennai, Hyderabad, Bengaluru, Ahmedabad, Kolkata, Jaipur, Lucknow, and Noida.

In major industrial and retail hubs including Delhi, Mumbai, and Bengaluru, the price of silver rose by INR 100 per kilogram, settling at INR 2,85,000. This marginal dip follows a massive weekly correction where the metal has shed nearly INR 30,000 from its monthly peak of INR 3.15 lakh reached on March 2. Gold Rate Today, March 08, 2026: Check 22K & 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities.

Silver Rates Today As of March 08, 2026 (Per Kilogram)

City

Silver Price Today
Delhi INR 2,85,000
Mumbai INR 2,85,000
Chennai INR 2,90,000
Hyderabad INR 2,90,000
Bengaluru INR 2,85,000
Ahmedabad INR 2,85,000
Kolkata INR 2,85,000
Pune INR 2,85,000
Kerala INR 2,85,000
Vadodara INR 2,85,000

Silver Rate Today: Market Sentiment and Profit-Booking

The current cooling-off period is largely attributed to aggressive profit-taking by investors following a historic rally earlier this year. Silver had surged past the INR 4 lakh mark in late January, driven by geopolitical tensions in the Middle East. However, as the US Dollar index stabilises and Treasury yields hold firm, the immediate pressure for safe-haven buying has eased. Petrol Price Today, March 8, 2026: Check Petrol Prices in Delhi, Mumbai, Chennai and Other Cities.

Analysts note that while the "fear-driven" premium is evaporating, the floor for silver remains high compared to historical standards. The metal is currently finding strong technical support near the INR 2.80 lakh level, bolstered by steady industrial demand from the solar energy and EV sectors.

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(The above story first appeared on LatestLY on Mar 08, 2026 08:52 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).