Silver Price Today, March 29: Precious metal silver showed steady levels after recent volatility in bullion markets. The prices of white metals held firm around Rs 2,45,000 per kilogram, reflecting prevailing market trends.
Silver rate breakdown
On Friday, silver plunged by Rs 11,250 to Rs 2.30 lakh per kilogram in the national capital, According to the All India Sarafa Association, the white metal slumped Rs 11,250, or nearly 5 per cent, to Rs 2,30,000 per kg (inclusive of all taxes) from Wednesday’s closing level of Rs 2,41,250 per kg.
In the international markets, silver was trading 0.23 per cent higher at USD 68.12 per ounce.
According to analysts, bullion prices remained volatile as movements in crude oil and global cues influenced investor sentiment.
The silver price today showed a noticeable split between northern and southern India. Delhi, Mumbai, Kolkata, Bengaluru, Pune, Ahmedabad and Vadodara quoted around Rs 2,45,000 per kilogram, while Chennai, Hyderabad and Kerala traded at Rs 2,50,000 per kilogram, reflecting a Rs 5,000 premium linked to local consumption and industrial usage.
City-wise silver price today (per kg)
| City | Silver Rate (per kg) |
| Delhi | Rs 2,45,000 |
| Mumbai | Rs 2,45,000 |
| Kolkata | Rs 2,45,000 |
| Bengaluru | Rs 2,45,000 |
| Pune | Rs 2,45,000 |
| Ahmedabad | Rs 2,45,000 |
| Chennai | Rs 2,50,000 |
| Hyderabad | Rs 2,50,000 |
| Kerala | Rs 2,50,000 |
On a smaller weight basis, the silver price today for 10 grams was Rs 2,450 in most major northern and western cities, rising to Rs 2,500 in Chennai, Hyderabad and Kerala. For 100 grams, these states quoted Rs 24,500 and Rs 25,000 respectively, keeping the Rs 5,000 per kilogram premium consistent across various transaction sizes.
Meanwhile, precious metal gold’s rate was trading flat on Sunday, owing to the closure of commodity markets during the weekend. The price of yellow metal was unchanged at Rs 1,47,300 per 10 grams.
From a long-term perspective, major global brokerage firms maintain a positive outlook on gold. Bank of America expects gold prices to potentially reach USD 6,000 within a year, while JPMorgan has set a higher target of USD 6,300 by the end of 2026. Macquarie has also revised its gold price forecasts upward for 2026.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
