Silver Rate Today, March 28, 2026: Check Latest Prices of White Metal in Delhi, Mumbai, Chennai and Other Major Cities
Today, March 28, silver prices (silver rates) in India stabilized at approximately INR 2,39,900 per kg, reflecting a minor dip of INR 100. While rates in Delhi and Mumbai remained steady, Chennai and Hyderabad saw a premium at INR 2,44,900 per kg. Analysts attribute the current consolidation to a weaker US dollar and steady demand from the industrial sector.
New Delhi, March 28: Domestic silver prices (silver rates) in India showed signs of stabilisation on Saturday, March 28, holding steady after a period of intense volatility. The industrial metal is currently trading at approximately INR 2,39,900 per kilogram in major metropolitan areas, reflecting a marginal dip of INR 100 from the previous session. This consolidation follows a turbulent week where prices fluctuated significantly in response to shifting geopolitical headlines and currency movements.
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 28, 2026: Check 22K and 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities.
Regional Price Variations of Silver
While prices remained uniform across many North Indian hubs, Southern markets continued to command a notable premium. In Chennai and Hyderabad, silver is retailing at approximately INR 2,44,900 per kg, roughly INR 5,000 higher than the national average due to stronger local demand and regional tax structures.
Silver Rates Today As of March 28, 2026 (Per Kilogram)
| City | Silver Price Today |
| Delhi | INR 2,39,900 |
| Mumbai | INR 2,39,900 |
| Chennai | INR 2,44,900 |
| Hyderabad | INR 2,44,900 |
| Bengaluru | INR 2,39,900 |
| Ahmedabad | INR 2,39,900 |
| Kolkata | INR 2,39,900 |
| Pune | INR 2,39,900 |
| Kerala | INR 2,44,900 |
| Vadodara | INR 2,39,900 |
Global Market Influence
The local price action mirrors a broader recovery in the international market. Spot silver recently surged by over 1.2 per cent, climbing back toward the USD 69.50 per ounce mark. This rebound is largely credited to a slight pullback in the U.S. Dollar Index and renewed safe-haven buying. Market analysts point to the ongoing diplomatic situation in West Asia as a primary driver. While immediate military escalations have seen brief pauses, the underlying tension continues to support precious metals. Additionally, the Indian Rupee’s recent dip against the dollar has made imported silver more expensive, providing a floor for domestic rates despite global fluctuations.
Industrial Demand and Outlook
Unlike gold, silver’s trajectory is heavily influenced by its industrial utility. Despite the macroeconomic pressures of early 2026, India’s expanding solar energy and electric vehicle (EV) sectors have maintained a steady demand for the metal. Technically, the Multi-Commodity Exchange (MCX) indicates that silver is facing immediate resistance near the INR 2,30,000 level. Experts suggest that for long-term investors, the current prices—which are nearly 19% lower than the peaks seen in early March—may represent a strategic entry point, provided the global geopolitical landscape remains uncertain.
Silver's Historical Context for March
March 2026 has been a month of correction for the "poor man's gold". After opening the month at INR 2,95,000 per kg and hitting a high of INR 3,15,000 on March 2, the metal has seen a significant downward trend. Today's rate represents an 18.6 per cent decline from those monthly highs, primarily due to aggressive profit-taking and a period of dollar strength that dominated the middle of the month.
(The above story first appeared on LatestLY on Mar 28, 2026 08:33 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).