Silver Slips to ₹260/g on March 19 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. The downward trend has continued since, with silver falling to ₹265 per gram on March 18 and further to ₹260 per gram on March 19, highlighting sustained volatility and a broader corrective phase in the market.

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Silver Price Today Across Major Cities

• Silver Price Today in Mumbai: ₹2,600 per 10g, ₹26,000 per 100g, ₹2,60,000 per kg 
• Silver Price Today in Delhi: ₹2,600 per 10g, ₹26,000 per 100g, ₹2,60,000 per kg
• Silver Price Today in Kolkata: ₹2,600 per 10g, ₹26,000 per 100g, ₹2,60,000 per kg
• Silver Price Today in Bangalore: ₹2,600 per 10g, ₹26,000 per 100g, ₹2,60,000 per kg
• Silver Price Today in Hyderabad: ₹2,650 per 10g, ₹26,500 per 100g, ₹2,65,000 per kg
• Silver Price Today in Kerala: ₹2,650 per 10g, ₹26,500 per 100g, ₹2,65,000 per kg
• Silver Price Today in Pune: ₹2,600 per 10g, ₹26,000 per 100g, ₹2,60,000 per kg
• Silver Price Today in Vadodara: ₹2,600 per 10g, ₹26,000 per 100g, ₹2,60,000 per kg
• Silver Price Today in Ahmedabad: ₹2,600 per 10g, ₹26,000 per 100g, ₹2,60,000 per kg

Recent Silver Price Movements in India

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

• March 19th: ₹260 per gram, ₹2,60,000 per kg (-5000)
• March 18th: ₹265 per gram, ₹2,65,000 per kg (-10000)   
• March 17th: ₹275 per gram, ₹2,75,000 per kg (5000)   
• March 14th: ₹270 per gram, ₹2,70,000 per kg (-5000)  
• March 13th: ₹280 per gram, ₹2,80,000 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, 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 on March 14.

Prices edged higher to ₹275 per gram on March 17, but the uptick was brief. Silver declined again to ₹265 per gram on March 18 and has further slipped to ₹260 per gram on March 19, marking a continued downward trend in the ongoing correction.

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 to ₹270 per gram on March 14.

Prices rebounded slightly to ₹275 per gram on March 17, signalling a mild recovery after the recent dip. However, the uptick was short-lived, with silver slipping to ₹265 per gram on March 18 and declining further to ₹260 per gram (₹2,60,000 per kg) on March 19, marking a continued downtrend.

The sharp swings highlight the highly reactive nature of the silver market. While intermittent rebounds suggest some buying interest at lower levels, the broader trend reflects sustained volatility and cautious positioning among traders.

Conclusion

As of March 19, silver prices stand at ₹260 per gram, or ₹2,60,000 per kg in most major markets. Retail rates are around ₹2,600 per 10 grams across Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad.

Hyderabad and Kerala are quoting slightly higher at ₹2,650 per 10 grams (₹2,65,000 per kg), reflecting regional price variations.

The recent decline from ₹290 to ₹260 underscores the ongoing correction in the silver market. With prices continuing to ease after brief rebounds, near-term direction is likely to depend on global commodity cues, currency movements, and domestic demand trends.