Silver Rebounds to ₹290/g on March 10 After Recent Dip: 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 remained unchanged at ₹285 per gram on March 5 and March 6, before easing to ₹280 per gram on March 9.

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Silver Price Today Across Major Cities

• Silver Price Today in Mumbai: ₹2,900 per 10g, ₹29,000 per 100g, ₹2,90,000 per kg 
• Silver Price Today in Delhi: ₹2,900 per 10g, ₹29,000 per 100g, ₹2,90,000 per kg
• Silver Price Today in Kolkata: ₹2,900 per 10g, ₹29,000 per 100g, ₹2,90,000 per kg
• Silver Price Today in Bangalore: ₹2,900 per 10g, ₹29,000 per 100g, ₹2,90,000 per kg
• Silver Price Today in Hyderabad:₹3,000 per 10g, ₹30,000 per 100g, ₹3,00,000 per kg
• Silver Price Today in Kerala: ₹3,000 per 10g, ₹30,000 per 100g, ₹3,00,000 per kg
• Silver Price Today in Pune: ₹2,900 per 10g, ₹29,000 per 100g, ₹2,90,000 per kg
• Silver Price Today in Vadodara: ₹2,900 per 10g, ₹29,000 per 100g, ₹2,90,000 per kg
• Silver Price Today in Ahmedabad: ₹2,900 per 10g, ₹29,000 per 100g, ₹2,90,000 per kg

Recent Silver Price Movements in India

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

• March 10th: ₹290 per gram, ₹2,90,000 per kg (10000)     
• 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)  

Silver prices in India have remained volatile in recent sessions following the sharp 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 on March 4.

Silver then remained unchanged at ₹285 per gram on March 5 and March 6, indicating a brief consolidation phase. The downward move resumed on March 9, with prices easing to ₹280 per gram.

However, prices rebounded on March 10, rising to ₹290 per gram, marking a ₹10,000 per kg increase from the previous session.

The sharp swings seen over the past few sessions highlight the highly volatile nature of the silver market. While the rebound suggests renewed buying interest, the rapid fluctuations also point to active 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. The downward trend briefly resumed on March 9, with prices easing to ₹280 per gram. However, prices rebounded on March 10, rising to ₹290 per gram, signalling renewed buying interest.

The sharp swings highlight the highly reactive nature of the silver market. While the rebound indicates fresh demand after the recent dip, the rapid fluctuations suggest continued volatility and active profit-booking in the near term.

Conclusion

As of March 10, silver prices stand at ₹290 per gram, or ₹2,90,000 per kg in most major markets. Retail rates are ₹2,900 per 10 grams across Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad.

Hyderabad and Kerala are quoting higher at ₹3,000 per 10 grams, reflecting regional price variations.

The recent rebound from ₹280 to ₹290 underscores the volatile nature of the silver market. With prices recovering after the recent dip, near-term direction will likely depend on global commodity cues, currency movements, and shifts in domestic demand.