Chennai, March 23: Silver prices in India declined sharply on Monday, March 23, 2026, tracking weakness in global bullion markets and a stronger US dollar. The white metal came under pressure as investors shifted focus toward yield-bearing assets, reducing safe haven demand. Check the latest silver rates today in major cities including Delhi, Mumbai, Chennai, Hyderabad, Bengaluru, Ahmedabad, Kolkata, Jaipur, Lucknow and Noida.

Industrial demand remained steady, but retail buying stayed subdued due to recent volatility and falling prices. Analysts believe silver may continue to witness short term fluctuations as global economic cues, currency movements and geopolitical developments influence market sentiment. Silver Rate Today, March 22, 2026: Check Latest Prices of White Metal in Delhi, Mumbai, Chennai and Other Major Cities.

As per the latest market rates, silver is trading around INR 2,49,900 per kg in major cities like Chennai, with similar trends seen across other key markets.

City wise prices remained largely uniform, although slight regional variations persisted in select areas like Srinagar due to local demand and transportation costs. Silver Gold Prices Today, March 22, 2026: Check 24K and 22K Prices of Yellow Metal As 1 Kg Silver Trades at INR 2,45,000.

In the bullion market, volatility remained moderate as traders tracked global trends, including movements in the US dollar and commodity markets. Experts suggest that macroeconomic indicators and industrial demand will continue to guide silver prices in the near term.

Silver Rates For March 23, 2026 (1 Kg)

City Silver Rate (1 Kg)
Chennai INR 2,49,900
Hyderabad INR 2,49,900
New Delhi INR 2,49,900
Mumbai INR 2,49,900
Kolkata INR 2,49,900
Bengaluru INR 2,49,900
Noida / Ghaziabad INR 2,49,900
Gurugram INR 2,49,900
Ahmedabad INR 2,49,900
Jaipur INR 2,49,900
Lucknow INR 2,49,900
Bhopal INR 2,49,900
Jodhpur INR 2,49,900
Srinagar INR 2,45,000

Note: Silver rates are indicative and exclude GST, TCS and other applicable levies. Local market prices may vary slightly.

Silver prices fell on March 23, 2026, in line with global trends, as a stronger dollar and rising yields weighed on demand. Analysts expect continued volatility and advise buyers to check real time local rates before making purchases, as prices may vary across cities.

 

 

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(The above story first appeared on LatestLY on Mar 23, 2026 08:21 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).