Silver Rates In India Unchanged For Second Day; But Silver Price Falls In Chennai, Hyderabad; Silver Outlook

Silver rates in India are unchanged for the second day in a row. On March 6th, silver stood at Rs 2.85 lakh in the majority of cities, but silver rates crashed in cities like Chennai, Hyderabad and Kerala. It needs to be noted that silver is still expensive at Rs 2.90 lakh in these three cities. Silver has failed to hedge growth despite geopolitical tensions in the Middle East. However, as per experts, the downside in silver has been in a limited manner, which is supported by industrial demand.

Silver Rates In India:

On March 6th, silver price remained stable at Rs 2.85 lakh per 1Kg, while 100 gram and 10 grams silver prices stood at Rs 28,500 and Rs 2,850 respectively. The price of 8 grams silver is at Rs 2,280 and 1 gram silver is at Rs 285.

Silver rates stood at Rs 2.85 lakh in cities like Mumbai, Kolkata, Delhi, Bengaluru, Pune, Vadodara and Ahmedabad. But despite falling, silver is still at Rs 2.90 lakh on March 6th in Chennai, Hyderabad and Kerala.

Silver Rates In Chennai + Silver Rates In Kerala + Silver Rates In Hyderabad

Silver Rates In Top Cities:

City	10 Gram	100 Gram	1 Kg
Chennai	₹2,900	₹29,000	₹2,90,000
Mumbai	₹2,850	₹28,500	₹2,85,000
Delhi	₹2,850	₹28,500	₹2,85,000
Kolkata	₹2,850	₹28,500	₹2,85,000
Bangalore	₹2,850	₹28,500	₹2,85,000
Hyderabad	₹2,900	₹29,000	₹2,90,000
Kerala	₹2,900	₹29,000	₹2,90,000
Pune	₹2,850	₹28,500	₹2,85,000
Vadodara	₹2,850	₹28,500	₹2,85,000
Ahmedabad	₹2,850	₹28,500	₹2,85,000

Why Silver Rates Are Falling?

As per Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA), the price of silver is falling compared to its previous session price level, but has been doing so in a limited manner. The prices are showing stability in comparison to gold prices, even though overall sentiment has weakened. The prices are still supported by positive industrial demand prospects.

MCX Silver Price Today:

MCX silver price with May 2026 expiry, retreated slightly from its morning gains where it touched an intraday high of Rs 2,68,991 per 1Kg. But the performance is still in green. At the time of writing, MCX silver traded at Rs 2,65,180 per 1Kg, up by Rs 2,989 or 1.14%.

Spot Silver Price Today:

On Friday, spot silver gained by nearly 2% to trade around $84 per ounce, rebounding from their previous selloffs. But despite this, spot silver is on the move to report over 10% drop in the current week as investors resort to dollar more amidst the Middle East crisis.

Silver Rates In India Prediction:

As per Ponmudi R, CEO of Enrich Money, here is the outlook for silver in India and outside.

Spot Silver Outlook:

COMEX Silver is trading near the $80-$90 range after witnessing a strong recovery from recent lows. The broader bullish structure remains intact on higher timeframes. Prices have reclaimed key moving averages, suggesting a transition from correction toward potential renewed strength. Strong buying interest is evident in the $76-$80 support zone.

A sustained recovery above $90-$95 could reignite momentum toward $100-$110 and potentially retest previous highs. The medium- to long-term outlook remains constructive, supported by geopolitical developments and safe-haven demand despite intermittent volatility.

MCX Silver Price Outlook:

MCX Silver futures are currently trading in the Rs2,60,000-Rs2,80,000 range, reflecting consolidation following earlier volatility driven by global safe-haven flows. The broader bullish framework remains intact as prices continue to hold above key structural support levels amid heightened geopolitical tensions. Short-term momentum is gradually strengthening.

Key support is placed at Rs2,50,000-Rs2,60,000. Sustained holding above this region could push prices toward Rs2,80,000-Rs3,00,000. Dips toward strong support zones may offer accumulation opportunities for positional traders, though a decisive breakdown below these levels could accelerate downside pressure.

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