New Delhi, March 20: Silver rates (silver prices) in India plummeted to a one-month low on Friday, tracking a sharp correction in the international bullion market. In major metropolitan hubs like Delhi and Mumbai, the price of silver dropped to INR 2,59,900 per kilogram, marking a significant decline from the peaks seen earlier this month. Check the latest silver rate today in major cities, including Delhi, Mumbai, Chennai, Hyderabad, Bengaluru, Ahmedabad, Kolkata, Jaipur, Lucknow, and Noida.

The downward pressure is being driven by a combination of profit-booking by investors and a strengthening US dollar, which has made dollar-denominated commodities more expensive for global buyers. Gold Rate Today, March 20, 2026: Check 22K and 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities.

Silver Rates Today As of March 20, 2026 (Per Kilogram)

City Silver Price Today
Delhi INR 2,59,900
Mumbai INR 2,59,900
Chennai INR 2,64,900
Hyderabad INR 2,64,900
Bengaluru INR 2,59,900
Ahmedabad INR 2,59,900
Kolkata INR 2,59,900
Pune INR 2,59,900
Kerala INR 2,64,900
Vadodara INR 2,59,900

The primary catalyst for today’s slump is the hawkish stance maintained by the US Federal Reserve. Recent economic indicators, including higher-than-expected inflation data, have led the Fed to signal that interest rate cuts may be pushed further into the future. This has bolstered the US Dollar Index, traditional pressure for non-yielding assets like silver. Silver Rate Today, March 19, 2026: Check Latest Prices of White Metal in Delhi, Mumbai, Chennai and Other Major Cities.

On the international front, spot silver prices crashed to approximately USD 72.42 per ounce, a decline of nearly 21% from the month-to-date high. Market analysts suggest that while geopolitical tensions in West Asia typically provide a safety net for precious metals, the current strength of the dollar is currently overriding safe-haven demand.

TruLY Score by LatestLY
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 (Goodreturns), 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 20, 2026 08:44 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).