Silver Rate in India Today Steady After Rs. 30,000 Drop In 4 days; Check Prices In Your City On March 22

Silver prices in India remained largely stable today, showing no major movement after a highly volatile week. Over the past four days, silver rates have dropped sharply by nearly Rs. 30,000 per kg, due to major fluctuations in the market. Overall, silver prices in India have seen strong ups and downs recently.

Internationally, gold & silver prices fell sharply on Friday as the US dollar strengthened. Silver prices in the global market were hit harder, with spot silver falling 4.8% to $69.39 per ounce. The silver rate today is stable across major cities, including Bangalore, Delhi, Hyderabad, Chennai and Ahmedabad.

Silver Rate Today In India

On March 22nd, the silver rate in India was stable at Rs. 2,45,000 per kg, while the silver rate per 100 grams hovered near Rs. 24,500.

According to a report by Nirmal Bang Securities, Silver prices are expected to correct. Traders can sell at Rs. 2,52,500 with a stop loss of Rs. 2,57,000 for the target at Rs. 2,45,000- Rs. 2,38,000."

MCX Silver Futures Prices

Trading on MCX is closed today and posted losses last week. Silver futures prices were trading 1.72% lower before closing at Rs. 2,27,470 per Kg.

Spot Silver Prices

As per Kotak Securities, "Silver prices dropped nearly 6.5% to around $67.9 per ounce on Friday, registering over 15% weekly decline as escalating geopolitical tensions and shifting monetary policy expectations weighed on the precious metals complex. Silver, being more volatile, faced sharper declines due to concerns about slowing economic growth and reduced industrial demand."

The report further mentioned, "The sell-off follows the recent military strikes involving the United States, Israel and Iran, which have driven energy prices higher and strengthened inflation concerns.Market sentiment weakened further after reports of expanded US military deployments to the region. Investors are now assigning nearly a 50% probability of a rate hike by the Federal Reserve by October, while anticipating multiple tightening moves from the European Central Bank and the Bank of England in 2026, adding further pressure on precious metals."

Silver Prices in Other Major Indian Cities On March 22

Chennai + Hyderabad

Both Silver prices in Chennai & silver prices in Hyderabad today were stable at Rs. 2,50,000 per kg.

Bangalore + Mumbai

Similarly, silver rate in Bangalore & silver prices today in Mumbai were retailing at the same levels, on March 22, at Rs. 2,50,000 per 1 kg with no movements today

Delhi Silver Rate

Silver Rate in the national capital also followed the trend and stayed stable this morning at Rs. 2,45,000 per Kg after a drop in
silver rate last week.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.