New Delhi, March 17: Silver rates (silver prices) in India showed signs of consolidation on Tuesday, March 17, 2026, following a period of intense volatility that saw the metal retreat from its monthly highs. According to the latest data from Good Returns, the white metal is currently retailing at INR 2,69,900 per kilogram, a marginal dip of INR 100 from the previous day’s close. This relative stability follows a sharp correction earlier in the week, where prices plunged by nearly INR 5,000 in a single session due to a resurgent US dollar and shifting global investor sentiment.

Check the latest silver rates today in major cities, including Delhi, Mumbai, Chennai, Hyderabad, Bengaluru, Ahmedabad, Kolkata, Jaipur, Lucknow, and Noida. Gold Rate Today, March 17, 2026: Check 22K and 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities.

City-Wise Silver Rates As of March 17, 2026

Retail silver prices vary across the country due to regional taxes, transportation costs, and local demand. Southern cities like Chennai and Hyderabad continue to command a premium over northern metros.

Silver Rates Today As of March 17, 2026 (Per Kilogram)

City Silver Price Today
Delhi INR 2,69,900
Mumbai INR 2,69,900
Chennai INR 2,75,900
Hyderabad INR 2,75,900
Bengaluru INR 2,69,900
Ahmedabad INR 2,69,900
Kolkata INR 2,69,900
Pune INR 2,69,900
Kerala INR 2,75,900
Vadodara INR 2,69,900

Market Drivers: The Dollar vs Geopolitics

The primary factor currently capping silver's upside is the strength of the US Dollar Index. A firmer dollar makes silver more expensive for international buyers, leading to "profit booking" by large-scale traders. Furthermore, rising crude oil prices have fueled inflation fears, leading market participants to reassess the likelihood of immediate interest rate cuts by the U.S. Federal Reserve. However, a "floor" has been set for prices by ongoing geopolitical tensions in the Middle East. As a traditional safe-haven asset, silver continues to attract defensive investment whenever regional instability escalates, preventing a complete price collapse. Silver Rate Today, March 16, 2026: Check Latest Prices of White Metal in Delhi, Mumbai, Chennai and Other Major Cities.

Industrial Demand and 2026 Outlook

Unlike gold, silver’s value is heavily tied to its industrial utility. Analysts note that the rising use of silver in electric vehicle (EV) batteries, solar panels, and 5G technology is expected to keep the market in a structural deficit throughout 2026. The current rate of INR 2,69,900 represents the lowest point for silver in March 2026 so far. At the start of the month, the metal was trading as high as INR 3,15,000 per kg on March 2. The current 8.5 per cent decline from those peaks is encouraging retail buyers and industrial hedgers to enter the market ahead of the upcoming festival season.

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Rating:3

TruLY Score 3 – Believable; Needs Further Research | On a Trust Scale of 0-5 this article has scored 3 on LatestLY, this article appears believable but may need additional verification. It is based on reporting from news websites or verified journalists (Good Returns), but lacks supporting official confirmation. Readers are advised to treat the information as credible but continue to follow up for updates or confirmations

(The above story first appeared on LatestLY on Mar 17, 2026 09:10 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).