Silver Slips Back to ₹280/g on March 13 After Brief Rebound: 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: ₹2,799per 10g, ₹27,799 per 100g, ₹2,79,900 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, ₹2,29,000 per kg
• Silver Price Today in Kerala: ₹2,900 per 10g, ₹29,000 per 100g, ₹2,29,000 per kg
• Silver Price Today in Pune:  ₹2,799per 10g, ₹27,799 per 100g, ₹2,79,900 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 13th: ₹280 per gram, ₹2,80,000 per kg (-10000)  
• March 12th: ₹290 per gram, ₹2,90,000 per kg (10000)     
• March 11th: ₹290 per gram, ₹2,90,000 per kg (10000)     
• March 10th: ₹290 per gram, ₹2,90,000 per kg (10000)     
• March 9th: ₹280 per gram, ₹2,80,000 per kg (-5000)   

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. Prices remained unchanged on March 11 at ₹290 per gram and stayed at the same level on March 12 before declining again to ₹280 per gram on March 13, reflecting a fresh correction after the brief rebound.

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

Prices remained unchanged on March 11 at ₹290 per gram and held steady again on March 12 before falling back to ₹280 per gram on March 13, indicating renewed profit-booking after the short-lived recovery.

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 13, silver prices stand at ₹280 per gram, or ₹2,80,000 per kg in most major markets. Retail rates are around ₹2,800 per 10 grams across Delhi, Kolkata, Bangalore, Vadodara, and Ahmedabad, while Mumbai and Pune are slightly lower at about ₹2,799 per 10 grams.

Hyderabad and Kerala are quoting higher at ₹2,900 per 10 grams, reflecting regional price variations.

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