Silver Price Today [1 March, 2026]: Silver Surges to ₹3.25 Lakh/kg in India Amid Iran Conflict; International Spot Holds at $94.50 | City-Wise Rates

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Silver Price Today, 1 March 2026: Silver has seen a significant surge both globally and domestically as investors seek safe havens amid Middle East military escalation. Ongoing geopolitical uncertainty is driving sharp regional price differences across India, with southern cities seeing the biggest premium expansion.

International Silver Price

In the face of increased geopolitical unpredictability, global silver markets are rising, with prices staying close to previous highs.

Metric
Value

Spot Silver
$94.50 per ounce

Per Gram
~$3.04

Per Kilogram
~$3,038.25

Daily Change
+7.8% (from recent lows)

Key International Drivers:

• Geopolitical Safe-Haven Demand: Military strikes involving the U.S., Israel, and Iran have triggered intense buying.
• Weaker US Dollar: A softer dollar index is supporting dollar-denominated commodity prices.
• Industrial Backdrop: Strong structural demand from electronics and renewable energy sectors provides long-term support.

Domestic Silver Price (India)

Indian silver prices are still high, indicating a robust recovery from lows in mid-February. Although prices in southern cities are significantly higher, the average price nationwide is about ₹2,95,000 per kilogram.

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Quantity
National Average
Daily Change

Per Gram
₹295
+₹10 (from recent consolidation)

Per 10 Grams
₹2,950
+₹100

Per Kilogram
₹2,95,000
+₹10,000

Silver Rate Trend in India (10 Grams)

Date
Price (₹)

Feb 23
3,000

Feb 24
2,650

Feb 25
2,900

Feb 26
2,950

Feb 27
2,950

Feb 28
3,000

Mar 01
3,000

Today Silver Price Per Gram/Kg in Delhi (INR)

Gram
Today
Yesterday
Change

1
₹295
₹295
0

8
₹2,360
₹2,360
0

10
₹2,950
₹2,950
0

100
₹29,500
₹29,500
0

1000
₹2,95,000
₹2,95,000
0

City-Wise Domestic Rates (Per Kilogram)

Silver prices show significant regional variation, with southern cities commanding substantial premiums due to strong cultural and industrial demand.

City
Silver Price (per kg)
Change from Yesterday

Chennai
₹3,25,000
+ ₹5,000

Hyderabad
₹3,25,000
+ ₹25,000

Kerala
₹3,25,000
+ ₹5,000

Delhi
₹2,95,000
No Change

Mumbai
₹2,95,000
No Change

Bangalore
₹2,95,000
No Change

Kolkata
₹2,95,000
No Change

Pune
₹2,95,000
No Change

Ahmedabad
₹2,95,000
No Change

Lucknow
₹2,95,000
No Change

Note: Retail prices for silver articles and jewellery will include a 3% GST and varying making charges (typically 5% to 25%) over these base bullion rates.

Silver Rate in Delhi for Last 10 Days

Date
10 gram
100 gram
1 Kg

01 Mar, 2026
₹2,950
₹29,500
₹2,95,000

28 Feb, 2026
₹2,950
₹29,500
₹2,95,000

27 Feb, 2026
₹2,850
₹28,500
₹2,85,000

26 Feb, 2026
₹2,850
₹28,500
₹2,85,000

25 Feb, 2026
₹2,850
₹28,500
₹2,85,000

24 Feb, 2026
₹2,850
₹28,500
₹2,85,000

23 Feb, 2026
₹3,000
₹30,000
₹3,00,000

22 Feb, 2026
₹2,750
₹27,500
₹2,75,000

21 Feb, 2026
₹2,750
₹27,500
₹2,75,000

20 Feb, 2026
₹2,700
₹27,000
₹2,70,000

Key Market Insights

• Market Volatility: In 2026, the price of silver has fluctuated greatly; it peaked in January at over ₹4,00,000 a kg, then sharply declined before currently bouncing back toward ₹3.25 lakh in premium markets.
• Safe-Haven Demand: Renewed geopolitical tensions (US-Israel-Iran strikes) have pushed investors toward bullion as a hedge against uncertainty.
• Regional Premiums: Southern markets like Chennai, Hyderabad, and Kerala experienced significant hikes of up to ₹25,000 per kilogram in a single day, showing greater local demand dynamics, while several North Indian towns remained stable today following a previous spike.
• Investment Options: Beyond physical silver, investors are active in the MCX Silver derivatives market and Silver ETFs, with some funds showing significant 1-year returns.

Silver Price Movement in February 2026

Metric
Rate (₹/kg)

1 February Opening
3,50,000

28 February Closing
2,95,000

Highest Peak
3,50,000 (1 Feb)

Lowest Point
2,55,000 (18 Feb)

Recovery from Lows
+₹40,000 per kg

Monthly % Change
-15.71%

Silver Price Movement in January 2026

Metric
Rate (₹/kg)

1 January Opening
2,38,000

31 January Closing
3,50,000

Highest Peak
4,10,000 (29 Jan)

Lowest Point
2,38,000 (1 Jan)

Monthly % Change
+47.06%

Performance
Record-breaking rally

Top Online Platforms to Buy Silver in India (2026)

• Digital Gold & Silver Apps: OroPocket (₹1 entry, Bitcoin incentives), Google Pay, Paytm, and PhonePe (MMTC-PAMP, SafeGold).
• Jewellery Brand Platforms: Tanishq, CaratLane, Kalyan Jewellers Candere (silver coins, bars, utensils).
• Physical Bullion Platforms: MMTC-PAMP (999.9 purity silver bars/coins), Augmont, Motilal Oswal.

Why Silver Is Surging

The renewed rally in silver is driven by a combination of factors:

• Demand for a Geopolitical Safe Haven: As investors look for shelter from a wider regional conflict, military strikes involving the United States, Israel, and Iran have led to a sharp increase in the purchase of precious metals.
• Weaker US Dollar: A softer dollar index is supporting all dollar-denominated commodity prices.
• Technical Momentum: Silver has broken above its recent consolidation range, triggering follow-through buying.
• Regional Dynamics: Southern Indian markets are seeing additional premiums due to strong local demand, with Hyderabad recording a stunning ₹25,000 single-day jump.

What This Means for Investors

The geopolitical escalation adds powerful momentum to silver’s recovery from February lows. Key levels to watch:

For North Indian markets (Delhi, Mumbai):

• Support: ₹2,85,000 per kg
• Resistance: ₹3,00,000 per kg

For South Indian markets (Chennai, Hyderabad):

• Support: ₹3,00,000 per kg
• Resistance: ₹3,30,000 per kg

For long-term investors, silver’s sharp recovery from the February low of ₹2.55 lakh to current levels demonstrates the metal’s resilience. Investing in silver ETFs or digital silver through systematic investment plans (SIPs) is still a good way to take part in the precious metals uptrend while controlling entry timing risk.