Silver Rate Today: Silver prices are likely fluctuate sharply on Monday, March 2 amid the Iran-Israel conflict. The rate for one kilogram of silver stood at Rs 2,88,556, while one gram was priced at Rs 288. The metal has been witnessing sharp swings in recent sessions, reflecting shifting investor sentiment and broader global cues. In the derivatives market, silver futures on the Multi Commodity Exchange (MCX) settled at Rs 2,74,389 on Friday, registering a decline of Rs 609 or 0.22 per cent. The dip follows a period of elevated levels, suggesting that short-term traders may have booked profits after the recent rally.
Separate figures from Goodreturns indicated slightly firmer retail pricing. According to the platform, silver was quoted at Rs 295 per gram and Rs 2,95,000 per kilogram on Monday . The difference between exchange-traded futures and retail rates often stems from factors such as local demand, logistics, and dealer premiums.
City-Wise Silver Rates
City
10 gram
100 gram
1 Kg
Chennai
Rs 3,250
Rs 32,500
Rs 3,25,000
Mumbai
Rs 2,950
Rs 29,500
Rs 2,95,000
Delhi
Rs 2,950
Rs 29,500
Rs 2,95,000
Kolkata
Rs 2,950
Rs 29,500
Rs 2,95,000
Bangalore
Rs 2,950
Rs 29,500
Rs 2,95,000
Hyderabad
Rs 3,250
Rs 32,500
Rs 3,25,000
Kerala
Rs 3,250
Rs 32,500
Rs 3,25,000
Pune
Rs 2,950
Rs 29,500
Rs 2,95,000
Vadodara
Rs 2,950
Rs 29,500
Rs 2,95,000
Ahmedabad
Rs 2,950
Rs 29,500
Rs 2,95,000
Jaipur
Rs 2,950
Rs 29,500
Rs 2,95,000
Lucknow
Rs 2,950
Rs 29,500
Rs 2,95,000
Coimbatore
Rs 3,250
Rs 32,500
Rs 3,25,000
Madurai
Rs 3,250
Rs 32,500
Rs 3,25,000
Vijayawada
Rs 3,250
Rs 32,500
Rs 3,25,000
Patna
Rs 2,950
Rs 29,500
Rs 2,95,000
Nagpur
Rs 2,950
Rs 29,500
Rs 2,95,000
Chandigarh
Rs 2,950
Rs 29,500
Rs 2,95,000
Surat
Rs 2,950
Rs 29,500
Rs 2,95,000
Bhubaneswar
Rs 3,250
Rs 32,500
Rs 3,25,000
Mangalore
Rs 2,950
Rs 29,500
Rs 2,95,000
Visakhapatnam
Rs 3,250
Rs 32,500
Rs 3,25,000
Nashik
Rs 2,950
Rs 29,500
Rs 2,95,000
Mysore
Rs 2,950
Rs 29,500
Rs 2,95,000
Salem
Rs 3,250
Rs 32,500
Rs 3,25,000
Rajkot
Rs 2,950
Rs 29,500
Rs 2,95,000
Trichy
Rs 3,250
Rs 32,500
Rs 3,25,000
Ayodhya
Rs 2,950
Rs 29,500
Rs 2,95,000
Cuttack
Rs 3,250
Rs 32,500
Rs 3,25,000
Global Forces At Play
International developments remain central to silver’s trajectory. Geopolitical tensions, economic uncertainties, and currency fluctuations all influence demand dynamics. When global risks rise, silver often attracts safe-haven buying. On the other hand, stronger economic data and a firmer dollar can temper upward momentum. The interplay between these forces continues to keep silver prices dynamic and closely watched by investors.
(The data have been taken from the All India Bullion and will be updated frequently.)
