Silver Prices Soar to ₹3.25 Lakh/kg in India Amid Iran Conflict
Silver prices have surged dramatically in India, reaching ₹3.25 lakh per kilogram amid escalating geopolitical tensions in the Middle East. The increased demand for safe-haven investments, spurred by military actions involving the U.S., Israel, and Iran, has led to a significant rise in silver trading.
Current Silver Prices in India
As of March 1, 2026, silver prices are witnessing notable regional variations throughout India. Southern cities are particularly affected, seeing considerable price premiums due to heightened local demand.
- National Average Price: ₹2,95,000 per kilogram
- Price Surge: Daily increase of ₹10,000
City-Wise Silver Prices
| City | Price (per kg) | Change from Yesterday |
|---|---|---|
| Chennai | ₹3,25,000 | +₹5,000 |
| Hyderabad | ₹3,25,000 | +₹25,000 |
| Kerala | ₹3,25,000 | +₹5,000 |
| Delhi | ₹2,95,000 | No Change |
| Mumbai | ₹2,95,000 | No Change |
| Bangalore | ₹2,95,000 | No Change |
| Kolkata | ₹2,95,000 | No Change |
| Pune | ₹2,95,000 | No Change |
| Ahmedabad | ₹2,95,000 | No Change |
| Lucknow | ₹2,95,000 | No Change |
Market Dynamics
The silver market has shown considerable volatility over the past month. Prices fluctuated significantly, peaking at above ₹4,00,000 per kilogram in January before declining and bouncing back towards today’s rates.
Some key market insights include:
- February saw silver prices drop to ₹2,55,000, with a sharp recovery of ₹40,000 per kilogram by the start of March.
- Active participation in MCX Silver derivatives and Silver ETFs has been noted as investors seek stable returns.
Why Silver Prices Are Rising
The ongoing geopolitical conflict and a weaker U.S. dollar have fueled a surge in silver demand. Investors are increasingly turning to silver as a safe-haven asset during uncertain times.
