Silver Slips to ₹280/g on March 9 After Recent Pullback: 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: ₹2,800 per 10g, ₹28,000 per 100g, ₹2,80,000 per kg 
• Silver Price Today in Delhi: ₹2,800 per 10g, ₹28,000 per 100g, ₹2,80,000 per kg
• Silver Price Today in Kolkata: ₹2,800 per 10g, ₹28,000 per 100g, ₹2,80,000 per kg
• Silver Price Today in Bangalore: ₹2,800 per 10g, ₹28,000 per 100g, ₹2,80,000 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: ₹2,800 per 10g, ₹28,000 per 100g, ₹2,80,000 per kg
• Silver Price Today in Vadodara: ₹2,800 per 10g, ₹28,000 per 100g, ₹2,80,000 per kg
• Silver Price Today in Ahmedabad: ₹2,800 per 10g, ₹28,000 per 100g, ₹2,80,000 per kg

Recent Silver Price Movements in India

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

• March 9th: ₹280 per gram, ₹2,80,000 per kg (-5000)  
• 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)     

Silver prices in India have continued to show volatility in recent sessions following the early-March breakout. After surging to ₹330 per gram on March 2, the rally quickly lost momentum. Prices corrected to ₹295 per gram on March 3 and declined further to ₹285 per gram (₹2,85,000 per kg) on March 4.

Silver then remained unchanged at ₹285 per gram on March 5 and March 6, indicating a brief consolidation phase. However, the downward trend resumed on March 9, with prices easing to ₹280 per gram, marking a further ₹5,000 per kg decline.

The sharp spike earlier in the month followed by a steady pullback highlights the highly volatile nature of the silver market. While the initial breakout reflected strong buying momentum, the continued correction suggests profit-booking and cautious sentiment among traders in the near term.

Outlook

Silver prices in India have remained volatile following the brief breakout at the start of March. After surging to ₹330 per gram on March 2, the rally quickly reversed. Prices fell to ₹295 per gram on March 3 and declined further to ₹285 per gram on March 4.

Silver then held steady at ₹285 per gram on March 5 and March 6, indicating short-term consolidation after the sharp pullback. However, the downward trend resumed on March 9, with prices easing to ₹280 per gram, extending the correction.

The swift surge followed by a gradual decline highlights the highly reactive nature of the silver market. While the early-March breakout reflected strong buying momentum, the continued pullback suggests profit-booking and cautious sentiment among traders.

Conclusion

As of March 9, silver prices stand at ₹280 per gram, or ₹2,80,000 per kg in most major markets. Retail rates are ₹2,800 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 earlier spike to ₹330 followed by a steady correction back toward ₹280 underscores the volatile nature of the silver market. With prices now easing after the recent rally, near-term direction will likely depend on global commodity trends, currency movements, and domestic demand conditions.