Current Trends in Silver Prices in India: March 25 Update

On March 25, silver prices in India are experiencing notable fluctuations due to geopolitical tensions. With prices in Delhi around Rs 2.30 lakh per kilogram and a significant drop from earlier highs, investors are keen to understand the market dynamics. This article explores the latest city-wise silver rates, reasons behind the price decline, and expert insights on the current market situation. Stay informed about the evolving trends in silver investments.

By Narendra Chaudhary Mar 25, 2026, 09:01 IST

Silver Prices in India Today, March 25

Silver prices are fluctuating significantly due to the ongoing conflict in the Middle East. As reported by the All India Sarafa Association, the price of silver in Delhi is approximately Rs 2.30 lakh per kilogram. On the Multi Commodity Exchange (MCX), silver futures experienced a decline of 0.43% during Wednesday morning trading, dropping by Rs 957 to Rs 2,24,210 per kg. The previous closing price was Rs 2,25,167 per kg. According to the Indian Bullion and Jewellers Association (IBJA), silver was trading at Rs 2,24,545 per kg on Wednesday morning. Additionally, a report from GoodReturns indicated that prices had surged to around Rs 2,35,000 per kg in certain markets. In the international arena, spot silver rose to $69.86 per ounce.

Significant Decline from Peak

Earlier this year, silver reached an unprecedented high of Rs 4,20,048 per kg on January 29. In contrast, the current MCX price of Rs 2,24,210 reflects a staggering decrease of approximately Rs 1,95,838 per kg, equating to a nearly 46.6% drop. This indicates that silver has nearly halved in value within a span of less than two months.

City-Wise Silver Rates

Check City-Wise Silver Rate Here

City	10 Gram (₹)	100 Gram (₹)	1 Kg (₹)
Chennai	2,499	24,990	2,49,900
Mumbai	2,351	23,510	2,35,100
Delhi	2,351	23,510	2,35,100
Kolkata	2,351	23,510	2,35,100
Bangalore	2,351	23,510	2,35,100
Hyderabad	2,499	24,990	2,49,900
Kerala	2,499	24,990	2,49,900
Pune	2,351	23,510	2,35,100
Vadodara	2,351	23,510	2,35,100
Ahmedabad	2,351	23,510	2,35,100

Market Insights

As per insights from a research head at Augmont, silver has rebounded from a crucial psychological support level of around Rs 2 lakh per kilogram. Analysts attribute the steep decline in silver prices to significant pressure from broader economic factors.

Reasons Behind the Price Drop

How Silver Lost Half Its Value In Less Than 2 Months

The recent sharp decline in silver prices has taken many investors by surprise, especially after a strong upward trend. Here are three key factors contributing to this downturn:

1. Strengthening US Dollar

A robust US dollar makes silver more expensive for international buyers, leading to decreased demand and lower prices.

2. Profit Taking by Investors

Following a significant rally, many investors opted to sell silver to secure profits, resulting in heavy selling pressure that quickly drove prices down.

3. Declining Industrial Demand

Silver is extensively utilized in industries such as electronics and solar energy. Slower economic growth in major markets like China and Europe has led to reduced demand, further impacting prices.