Current Silver Prices in India: March 22, 2026 Update
Silver Price Trends on March 22, 2026
Silver Prices Today: On March 22, 2026, silver prices in India exhibited significant volatility, influenced by ongoing global tensions related to the Iran-Israel-US situation. While futures on the Multi Commodity Exchange (MCX) saw a decline, physical silver prices in Delhi experienced an increase, showcasing varied trends across different markets. Silver futures on the MCX dropped by 1.72%, equating to a decrease of Rs 3,990, settling at Rs 2,27,470 per kg. This follows a previous closing price of Rs 2,31,460 per kg. The recent downturn comes after silver reached a peak of Rs 4,20,048 per kg on January 29, indicating the high volatility in recent months. In the international arena, spot silver prices also fell, now at $72.18 per ounce, reflecting a decrease in global demand.
In contrast, domestic bullion markets showed strength. According to the All India Sarafa Association, silver prices in Delhi rose by Rs 1,800, reaching Rs 2,40,500 per kg (inclusive of all taxes). This increase occurred despite a general decline in global markets. Data from the Indian Bullion and Jewellers Association (IBJA) indicated that silver closed at Rs 2,32,364 per kg by the end of Friday's trading. As the markets are closed over the weekend, these rates will remain unchanged for Saturday and Sunday. Additionally, GoodReturns reported a significant drop in retail prices, with silver decreasing by Rs 10,000 to Rs 2,45,000 per kg.
Silver Prices in Major Cities:
| City | 10 Gram | 100 Gram | 1 Kg |
| Chennai | Rs 2,500 | Rs 25,000 | Rs 2,50,000 |
| Mumbai | Rs 2,450 | Rs 24,500 | Rs 2,45,000 |
| Delhi | Rs 2,450 | Rs 24,500 | Rs 2,45,000 |
| Kolkata | Rs 2,450 | Rs 24,500 | Rs 2,45,000 |
| Bangalore | Rs 2,450 | Rs 24,500 | Rs 2,45,000 |
| Hyderabad | Rs 2,500 | Rs 25,000 | Rs 2,50,000 |
| Kerala | Rs 2,500 | Rs 25,000 | Rs 2,50,000 |
| Pune | Rs 2,450 | Rs 24,500 | Rs 2,45,000 |
| Vadodara | Rs 2,450 | Rs 24,500 | Rs 2,45,000 |
| Ahmedabad | Rs 2,450 | Rs 24,500 | Rs 2,45,000 |
| Jaipur | Rs 2,450 | Rs 24,500 | Rs 2,45,000 |
| Lucknow | Rs 2,450 | Rs 24,500 | Rs 2,45,000 |
| Coimbatore | Rs 2,500 | Rs 25,000 | Rs 2,50,000 |
| Madurai | Rs 2,500 | Rs 25,000 | Rs 2,50,000 |
| Vijayawada | Rs 2,500 | Rs 25,000 | Rs 2,50,000 |
| Patna | Rs 2,450 | Rs 24,500 | Rs 2,45,000 |
| Nagpur | Rs 2,450 | Rs 24,500 | Rs 2,45,000 |
| Chandigarh | Rs 2,450 | Rs 24,500 | Rs 2,45,000 |
| Surat | Rs 2,450 | Rs 24,500 | Rs 2,45,000 |
| Bhubaneswar | Rs 2,500 | Rs 25,000 | Rs 2,50,000 |
Expert Insights: Gaurav Garg, a research analyst at Lemon Markets Desk, noted that silver prices are under pressure due to a stronger dollar, which has led to recent selling and renewed interest from investors. Analysts suggest that the recent price movements are a result of investors reevaluating their positions following a sharp decline associated with rising oil prices. Overall, experts predict that silver will remain highly responsive to global factors, particularly currency fluctuations, crude oil prices, and geopolitical events concerning the Iran-Israel-US conflict in the near future.