Silver Price Today, March 2, 2026: The price of silver has experienced a notable increase both internationally and locally as investors turn to safe assets in light of military tensions in the Middle East. Current international silver spot prices hover around $93.41 per ounce, showing a minor intraday drop of 0.43%. Nevertheless, this slight decrease does not overshadow the fact that the precious metal is in a robust multi-month upward trend, having appreciated nearly 195% over the last year.
Global Silver Valuation
Current Market Overview
Amid rising geopolitical uncertainties, the global silver markets experienced a downturn today, with prices hitting previous lows.
Current Metric for Spot Silver is $93.41 per ounce, approximately $3.00 per gram, and around $3,003.15 per kilogram. The daily fluctuation is +7.8% compared to recent lows.
Major Global Influencers:
Geopolitical Impact on Prices
Geopolitical Strains: Increasing tensions involving the U.S., Israel, and Iran are leading investors to consider silver as a secure investment option.
Escalating tensions involving the U.S., Israel, and Iran are leading investors to consider silver as a secure investment. Industrial Demand: Robust demand from industries such as AI data centers, solar power, and electric vehicles continues to bolster silver prices.
Robust demand from industries such as AI data centers, solar power, and electric vehicles continues to bolster silver prices. Record Highs: Silver hit an all-time high of $121.64 per ounce in January 2026. Experts suggest that sustaining prices above $95/oz may lead to a surge towards the $100 threshold.
Recent Price Trends
Silver Pricing in India
The prices of silver in India remain elevated, reflecting a strong rebound from the lows observed in mid-February. While the costs in southern regions are considerably higher, the national average stands at approximately ₹2,95,000 per kilogram.
Silver Price National Average Daily Variation Per Gram ₹294 -₹1 (following recent consolidation) Per 10 Grams ₹2,949 -₹1 Per Kilogram ₹2,94,900 -₹100
Investment Insights
Trend of Silver Prices in India (10 Grams)
Silver prices (₹) on Feb 23 were 3,000, followed by 2,650 on Feb 24, then 2,900 on Feb 25. On Feb 26, it rose to 2,950, remaining at that level on Feb 27. The price returned to 3,000 on both Feb 28 and Mar 01.
Current Silver Rates Per Gram/Kg in Delhi (INR)
Current Silver Prices: Today Yesterday Change 1 ₹294.90 ₹295 -0.10 8 ₹2,359.20 ₹2,360 -0.80 10 ₹2,949 ₹2,950 -1 100 ₹29,490 ₹29,500 -10 1000 ₹2,94,900 ₹2,95,000 -100
Domestic Rates by City (Per Kilogram)
Silver prices exhibit notable differences across regions, with cities in the south often fetching higher premiums driven by robust cultural and industrial demand.
Silver prices in various cities (per kg) have shown the following changes from the previous day: Chennai ₹3,25,100 + ₹100, Hyderabad ₹3,25,100 + ₹100, Kerala ₹3,25,100 + ₹100, Delhi ₹2,94,900 -₹100, Mumbai ₹2,94,900 -₹100, Bangalore ₹2,94,900 -₹100, Kolkata ₹2,94,900 -₹100, Pune ₹2,94,900 -₹100, Ahmedabad ₹2,94,900 -₹100, and Lucknow ₹2,94,900 -₹100.
Regarding the silver price in North Indian cities (Delhi, Mumbai):
Assistance: ₹2,85,000 for each kilogram
Silver price: ₹3,00,000 for each kilogram
Regarding the markets in South India (Chennai, Hyderabad):
Assistance: ₹3,00,000 for each kilogram
Silver price: ₹3,30,000 for each kilogram
For those investing for the long haul, the significant rebound of silver from its February low of ₹2.55 lakh to its current price highlights the metal’s durability. Engaging in silver ETFs or digital silver via systematic investment plans (SIPs) remains an effective strategy to participate in the upward trend of precious metals while managing the risks associated with timing entry points.
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