Silver Holds at ₹285/g on March 6 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 strong 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. Silver has since remained unchanged at ₹285 per gram on March 5 and March 6, effectively erasing most of the early-March gains.

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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:₹2,900 per 10g, ₹29,000 per 100g, ₹2,90,000 per kg
• Silver Price Today in Kerala: ₹2,900 per 10g, ₹29,000 per 100g, ₹2,90,000 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 6th: ₹285 per gram, ₹2,85,000 per kg (0)  
• March 5th: ₹285 per gram, ₹2,85,000 per kg (0)  
• 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)   

Silver prices in India have witnessed sharp volatility in recent sessions, reversing their brief breakout rally. Prices surged to ₹330 per gram on March 2, marking a sharp ₹35,000 per kg jump and signalling strong buying momentum.

However, the rally quickly lost steam. Silver corrected to ₹295 per gram on March 3 and declined further to ₹285 per gram on March 4. Prices have since remained unchanged at ₹285 per gram on March 5 and March 6, indicating a pause after the sharp pullback.

The rapid surge followed by an equally swift correction and subsequent stability highlights the highly volatile nature of the silver market. While the brief breakout reflected strong buying interest, the quick reversal suggests profit-booking at higher levels and cautious positioning among traders in the near term.

Outlook

Silver prices in India have remained volatile following the brief breakout at the start of March. Prices surged to ₹330 per gram on March 2, marking a sharp ₹35,000 per kg spike and signalling strong buying momentum.

However, the rally quickly reversed. Silver declined to ₹295 per gram on March 3 and slipped further to ₹285 per gram on March 4. Prices have since remained unchanged at ₹285 per gram on March 5 and March 6, indicating consolidation after the sharp pullback.

The rapid rise followed by an equally swift correction highlights the highly reactive nature of the silver market. While the breakout briefly signalled strong bullish momentum, the swift decline and subsequent stability suggest profit-booking at elevated levels and cautious positioning among traders.

Conclusion

As of March 6, 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 ₹2,900 per 10 grams, reflecting regional price variations.

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