Silver Rate Today, March 28, 2026: Rates Fall in India as Global Uncertainty Drives Volatility - Check City-Wise Rates Here

Silver prices in India witnessed sharp volatility on March 28, 2026, as geopolitical tensions involving Iran, Israel, and the United States continued to influence global commodity markets. Prices of the precious metal, which are closely linked to international developments, have been fluctuating amid uncertainty surrounding the ongoing conflict.According to market data, silver prices in the domestic bullion market saw a notable correction. In Delhi, prices dropped by Rs 11,250 to Rs 2,30,000 per kilogram (inclusive of taxes), reflecting nearly a 5% decline compared to the previous trading session. On the Multi Commodity Exchange (MCX), silver futures also slipped slightly by 0.09% ( Rs 204), trading at Rs 2,27,750 per kilogram. This is significantly

lower than its all-time high of Rs 4,20,048 per kilogram recorded earlier this year on January 29.Data from the Indian Bullion and Jewellers Association (IBJA) showed that silver closed at Rs 2,21,647 per kilogram by the end of Friday’s session. Meanwhile, international prices remained firm, with spot silver trading at $68.12 per ounce, indicating mixed trends between domestic and global markets.Below are the latest silver prices across major Indian cities (per kilogram):

City	Silver Price ( Rs /kg)
Delhi	Rs 2,40,000
Mumbai	Rs 2,40,000
Kolkata	Rs 2,40,000
Chennai	Rs 2,45,000
Patna	Rs 2,40,000
Lucknow	Rs 2,40,000
Meerut	Rs 2,40,000
Ayodhya	Rs 2,40,000
Kanpur	Rs 2,40,000
Ghaziabad	Rs 2,40,000
Noida	Rs 2,40,000
Gurugram	Rs 2,40,000
Chandigarh	Rs 2,40,000
Jaipur	Rs 2,40,000
Ludhiana	Rs 2,40,000
Guwahati	Rs 2,40,000
Indore	Rs 2,40,000
Ahmedabad	Rs 2,40,000
Surat	Rs 2,40,000
Pune	Rs 2,40,000
Nagpur	Rs 2,40,000
Vadodara	Rs 2,40,000
Nashik	Rs 2,40,000
Bangalore	Rs 2,40,000
Bhubaneswar	Rs 2,45,000
Cuttack	Rs 2,45,000
Kerala	Rs 2,45,000
Raipur	Rs 2,40,000
Hyderabad	Rs 2,45,000

The recent price drop follows heightened volatility in previous sessions. Silver had surged sharply in futures trading earlier, gaining over 3% in one session after a steep fall the day before, reflecting the unstable market environment.Experts suggest that easing fears of immediate escalation between the US and Iran briefly restored investor confidence, leading to a rebound in prices. However, continued uncertainty and mixed signals on peace talks have capped further gains.Analysts believe silver is currently holding above a key support level of around $66 per ounce and is likely to trade within a range of $66–$75 in the near term. Going forward, global geopolitical developments and commodity trends will remain key drivers of silver prices in India.