Silver Slips to ₹240/g on March 27 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.

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 downtrend continued thereafter, with silver falling to ₹265 per gram on March 18, ₹260 per gram on March 19, ₹255 per gram on March 20, ₹245 per gram on March 21, and dropping sharply to ₹230 per gram on March 23.

Prices later rebounded to ₹235 per gram on March 24 and further to ₹250 per gram on March 25, indicating a recovery phase after the steep decline. However, the rebound proved short-lived, with silver easing again to ₹240 per gram on March 27, highlighting continued volatility and an uneven recovery trend in the market.

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Silver Price Today Across Major Cities

• Silver Price Today in Mumbai: ₹2,400 per 10g, ₹24,000 per 100g, ₹2,40,000 per kg 
• Silver Price Today in Delhi: ₹2,400 per 10g, ₹24,000 per 100g, ₹2,40,000 per kg
• Silver Price Today in Kolkata: ₹2,400 per 10g, ₹24,000 per 100g, ₹2,40,000 per kg
• Silver Price Today in Bangalore: ₹2,400 per 10g, ₹24,000 per 100g, ₹2,40,000 per kg
• Silver Price Today in Hyderabad: ₹2,450 per 10g, ₹24,500 per 100g, ₹2,45,000 per kg
• Silver Price Today in Kerala: ₹2,450 per 10g, ₹24,500 per 100g, ₹2,45,000 per kg
• Silver Price Today in Pune: ₹2,400 per 10g, ₹24,000 per 100g, ₹2,40,000 per kg
• Silver Price Today in Vadodara: ₹2,400 per 10g, ₹24,000 per 100g, ₹2,40,000 per kg
• Silver Price Today in Ahmedabad: ₹2,400 per 10g, ₹24,000 per 100g, ₹2,40,000 per kg

Recent Silver Price Movements in India

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

• March 27th: ₹240 per gram, ₹2,40,000 per kg (-10000)    
• March 25th: ₹250 per gram, ₹2,50,000 per kg (15000)     
• March 24th: ₹235 per gram, ₹2,35,000 per kg (5000)  
• March 23rd: ₹230 per gram, ₹2,30,000 per kg (-15000) 
• March 21st: ₹245 per gram, ₹2,45,000 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 slipped further to ₹260 per gram on March 19. The downtrend then accelerated, with prices falling to ₹255 per gram on March 20, ₹245 per gram on March 21, and further dropping to ₹230 per gram on March 23.

Prices rebounded to ₹235 per gram on March 24 and further to ₹250 per gram on March 25. However, the recovery proved short-lived, with silver easing again to ₹240 per gram on March 27, highlighting continued volatility in the market.

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 on March 19. The downtrend continued, with prices easing to ₹255 per gram on March 20, ₹245 per gram on March 21, and dropping sharply to ₹230 per gram on March 23.

Prices rebounded to ₹235 per gram on March 24 and further to ₹250 per gram on March 25. However, the recovery proved short-lived, with silver easing again to ₹240 per gram on March 27, indicating renewed weakness after the brief rebound.

The sharp swings highlight the highly reactive nature of the silver market. While intermittent recoveries suggest buying interest at lower levels, the broader trend continues to reflect sustained volatility and cautious positioning.

Conclusion

As of March 27, silver prices stand at ₹240 per gram, or ₹2,40,000 per kg in most major markets. Retail rates are around ₹2,400 per 10 grams across Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad.

Hyderabad and Kerala are quoting slightly higher at ₹2,450 per 10 grams, reflecting regional price variations.

The recent pullback from ₹250 to ₹240 highlights the uneven nature of the ongoing recovery. With prices fluctuating after a brief rebound, near-term direction is likely to depend on global commodity cues, currency movements, and domestic demand trends.