Silver Slips to ₹270/g on March 14 as Correction Deepens: 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. The decline extended in the following sessions, with prices holding at ₹290 between March 10 and March 12 before slipping again to ₹280 on March 13 and further to ₹270 per gram on March 14, highlighting the continued volatility in the market.

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Silver Price Today Across Major Cities

• Silver Price Today in Mumbai: ₹2,700 per 10g, ₹27,700 per 100g, ₹2,70,000 per kg 
• Silver Price Today in Delhi: ₹2,700 per 10g, ₹27,700 per 100g, ₹2,70,000 per kg
• Silver Price Today in Kolkata: ₹2,700 per 10g, ₹27,700 per 100g, ₹2,70,000 per kg
• Silver Price Today in Bangalore: ₹2,700 per 10g, ₹27,700 per 100g, ₹2,70,000 per kg
• Silver Price Today in Hyderabad:₹2,799 per 10g, ₹27,990 per 100g, ₹2,79,900 per kg
• Silver Price Today in Kerala: ₹2,799 per 10g, ₹27,990 per 100g, ₹2,79,900 per kg
• Silver Price Today in Pune:  ₹2,700 per 10g, ₹27,700 per 100g, ₹2,70,000 per kg
• Silver Price Today in Vadodara: ₹2,700 per 10g, ₹27,700 per 100g, ₹2,70,000 per kg
• Silver Price Today in Ahmedabad: ₹2,700 per 10g, ₹27,700 per 100g, ₹2,70,000 per kg

Recent Silver Price Movements in India

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

• March 14th: ₹270 per gram, ₹2,70,000 per kg (-5000)  
• 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)   

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.

Prices rebounded on March 10, rising to ₹290 per gram (₹2,90,000 per kg), and remained unchanged at the same level on March 11 and March 12. However, the recovery proved short-lived, with silver declining to ₹280 per gram on March 13 and slipping further to ₹270 per gram (₹2,70,000 per kg) on March 14.

Outlook

Prices remained unchanged at ₹290 per gram on March 11 and held steady again on March 12 before falling to ₹280 per gram on March 13, indicating renewed profit-booking after the short-lived recovery. The decline extended further on March 14, with silver slipping to ₹270 per gram, marking another leg lower in the recent correction.

The sharp swings highlight the highly reactive nature of the silver market. While earlier sessions showed brief recovery attempts, the latest decline suggests continued volatility and cautious positioning among traders in the near term.

Conclusion

As of March 14, silver prices stand at ₹270 per gram, or ₹2,70,000 per kg in most major markets. Retail rates are around ₹2,700 per 10 grams across Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad.

Hyderabad and Kerala are quoting slightly higher at ₹2,799 per 10 grams, reflecting regional price variations.

The recent pullback from ₹290 to ₹270 underscores the volatile nature of the silver market. With prices declining over the past few sessions, near-term direction will likely depend on global commodity cues, currency movements, and shifts in domestic demand.