Silver Rate (Chandi Price) Today in India
On 23 March 2026, the price of 1 gm of silver was ₹223, and the price of 1 kg of silver was ₹222,580, reflecting a loss of 2.18% compared to its previous close. Meanwhile, the 10 gm silver rate is at ₹2,226.
Silver prices in India are largely influenced by international spot silver rates, US dollar fluctuations, and import duties on silver among other things.
Silver Rate Today in India (₹ per 1 gm, 10 gm, 1 kg)
| Type | Today's Price (₹) | Yesterday's Price (₹) | Change (₹) | Change (%) |
|---|---|---|---|---|
| 1 gm | 223 | 228 | 4.96 | 2.18% |
| 10 gm | 2,226 | 2,275 | 49.60 | 2.18% |
| 1 Kg | 222,580 | 227,540 | 4,960.00 | 2.18% |
Why is the Silver price moving today?
Silver prices declined toward $66 per ounce on Monday, extending losses into a fourth straight week, with a sharp drop of over 15% recorded last week. Escalating Middle East tensions, particularly the ongoing Iran conflict, have heightened inflation risks through rising oil prices.
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This has shifted market expectations, with traders now pricing in a prolonged pause in monetary easing and potential rate hikes.
Outlook for Silver Investors
The Federal Reserve is increasingly expected to consider a rate increase by year-end, while other major central banks, including the ECB, BOE, and BOJ, maintained rates but signalled a tightening stance if inflationary pressures continue. “Traders are expecting a possible rate increase by the Fed toward year-end amid fears of persistent inflation.MCX Silver May futures are expected to drop to Rs 215,000/kg amid a sharp sell-off in the international markets,” said Jigar Trivedi, Senior Research Analyst at Indusind Securities.
Silver Rate Today in Metro Cities (₹ per gm)
| City | 1 gm(₹) | 10 gm(₹) | 1000 gm(₹) |
|---|---|---|---|
| Ahmedabad | 223 ( 4.96 ) | 2,229 ( 49.60 ) | 222,890 ( 4,960.00 ) |
| Bangalore | 223 ( 4.96 ) | 2,228 ( 49.60 ) | 222,760 ( 4,960.00 ) |
| Chennai | 223 ( 4.96 ) | 2,233 ( 49.60 ) | 223,250 ( 4,960.00 ) |
| Delhi | 222 ( 4.96 ) | 2,222 ( 49.60 ) | 222,190 ( 4,960.00 ) |
| Hyderabad | 223 ( 4.96 ) | 2,229 ( 49.60 ) | 222,940 ( 4,960.00 ) |
| Kolkata | 222 ( 4.96 ) | 2,223 ( 49.60 ) | 222,280 ( 4,960.00 ) |
| Mumbai | 223 ( 4.96 ) | 2,226 ( 49.60 ) | 222,580 ( 4,960.00 ) |
| Pune | 223 ( 4.96 ) | 2,226 ( 49.60 ) | 222,580 ( 4,960.00 ) |
| Surat | 223 ( 4.96 ) | 2,229 ( 49.60 ) | 222,890 ( 4,960.00 ) |