Silver Falls Back to ₹285/g by March 4 After Brief Rally: Latest Prices Across Major Cities

Silver prices in India initially surged to ₹300 per gram on February 23, marking a sharp late-month upswing. The rally soon faded, with prices correcting to ₹285 per gram on February 24 and remaining unchanged through February 27, signalling a brief consolidation phase.

Momentum returned at the end of the month as silver climbed to ₹295 per gram on February 28 and then surged to ₹330 per gram on March 2, marking a powerful breakout from the earlier range.

However, the rally proved short-lived. Prices corrected sharply to ₹295 per gram on March 3 and slipped further to ₹285 per gram on March 4, effectively erasing most of the early-March gains.

Invest in Indian Markets and Unlock Future Potential With 5paisa!

 

Open Account Now

Silver Price Today Across Major Cities

• Silver Price Today in Mumbai: ₹2,850 per 10g, ₹28,500 per 100g, ₹2,85,000 per kg 
• Silver Price Today in Delhi: ₹2,850 per 10g, ₹28,500 per 100g, ₹2,85,000 per kg
• Silver Price Today in Kolkata: ₹2,850 per 10g, ₹28,500 per 100g, ₹2,85,000 per kg
• Silver Price Today in Bangalore: ₹2,850 per 10g, ₹28,500 per 100g, ₹2,85,000 per kg
• Silver Price Today in Hyderabad:₹2,950 per 10g, ₹29,500 per 100g, ₹2,95,000 per kg
• Silver Price Today in Kerala: ₹2,950 per 10g, ₹29,500 per 100g, ₹2,95,000 per kg
• Silver Price Today in Pune: ₹2,850 per 10g, ₹28,500 per 100g, ₹2,85,000 per kg
• Silver Price Today in Vadodara: ₹2,850 per 10g, ₹28,500 per 100g, ₹2,85,000 per kg
• Silver Price Today in Ahmedabad: ₹2,850 per 10g, ₹28,500 per 100g, ₹2,85,000 per kg

Recent Silver Price Movements in India

Here’s a quick look at silver price fluctuations over the past few sessions:

• March 4th: ₹285 per gram, ₹2,85,000 per kg (-10000)  
• March 3rd: ₹295 per gram, ₹2,95,000 per kg (-35000)   
• March 2nd: ₹330 per gram, ₹3,30,000 per kg (35000)   
• February 28th: ₹295 per gram, ₹2,95,000 per kg (10000)
• February 27th: ₹285 per gram, ₹2,85,000 per kg (0)

Silver prices in India have witnessed sharp volatility in recent sessions, reversing their brief breakout rally. After rising from ₹285 per gram on February 27 to ₹295 per gram on February 28, prices surged to ₹330 per gram on March 2 - marking a sharp ₹35,000 per kg jump.

However, the rally quickly lost momentum. Silver corrected to ₹295 per gram on March 3 and declined further to ₹285 per gram on March 4, effectively erasing the gains from the early-March spike.

The rapid surge followed by an equally sharp pullback highlights the highly volatile nature of the silver market. While the brief breakout signalled strong buying interest, the swift reversal suggests profit-booking at elevated levels and continued uncertainty in near-term price direction.

Outlook

Silver prices in India have turned sharply volatile after a brief breakout at the start of March. Prices rose from ₹285 per gram on February 27 to ₹295 per gram on February 28, before surging to ₹330 per gram on March 2 - marking a strong ₹35,000 per kg spike.

However, the rally quickly reversed. Silver declined to ₹295 per gram on March 3 and slipped further to ₹285 per gram on March 4, erasing most of the gains from the early-March surge.

The rapid rise followed by an equally sharp pullback highlights the highly reactive nature of the silver market. While the breakout briefly signalled strong bullish momentum, the swift correction suggests profit-booking at higher levels and continued volatility in the near term.

Conclusion

As of March 4, silver prices stand at ₹285 per gram, or ₹2,85,000 per kg in most major markets. Retail rates are ₹2,850 per 10 grams across Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad.

Hyderabad and Kerala are quoting slightly higher at ₹2,950 per 10 grams, reflecting regional variations.

The sharp surge to ₹330 followed by a rapid correction back to ₹285 underscores the fragile and volatile nature of the silver market. With prices retracing recent gains, near-term direction is likely to depend on fresh global commodity cues, currency movements, and domestic demand conditions.