Silver Price Today: Silver Slips on March 30—Check Latest Rates Across Major Cities

Silver prices witnessed a mild decline on Monday, March 30, 2026, offering slight relief to buyers in the bullion market. Despite the dip, prices remain elevated compared to last week, reflecting ongoing volatility driven by both domestic and global factors.

According to the latest updates, silver prices dropped by around ₹100 per kilogram in the bullion market. In Delhi, silver is currently trading at ₹2,44,900 per kg. However, when compared to last Friday’s closing price, silver is still about ₹4,900 higher, indicating an overall upward trend in recent days.

Silver Prices Across Major Indian Cities

Silver rates vary slightly depending on the region due to transportation costs, local taxes, and demand. Here’s a look at today’s silver prices in key cities:

Northern states such as Delhi, Rajasthan, Uttar Pradesh, and Madhya Pradesh are witnessing silver prices around ₹2,44,900 per kg. Meanwhile, southern cities like Chennai and Hyderabad are trading at a slightly higher rate of ₹2,49,900 per kg.

MCX Update: Gold and Silver Under Pressure

On the Multi Commodity Exchange (MCX), both gold and silver opened lower on March 30:

• Gold: Down by 0.42%, trading near ₹1,46,255 per 10 grams
• Silver: Fell by 0.33%, trading around ₹2,27,343 per kg

This decline reflects a broader trend of softness in precious metals.

Global Market Trends Impacting Prices

International market movements are also influencing domestic bullion rates. On the COMEX:

• Gold prices declined by approximately 0.52%, trading near $4,469 per ounce
• Silver prices dropped more sharply by about 1.21%, reaching around $68.95 per ounce

Experts suggest that multiple global factors are currently putting pressure on precious metals.

Why Are Silver Prices Falling?

Several key factors are driving the recent dip in silver and gold prices:

1. Strong US Dollar

A stronger dollar makes precious metals more expensive for investors using other currencies, reducing demand and pushing prices down.

2. Rising Crude Oil Prices

Higher oil prices often increase inflation concerns, which can create mixed reactions in commodity markets.

3. Geopolitical Tensions

Ongoing tensions in the Middle East are influencing global markets. While gold is traditionally seen as a safe-haven asset during uncertainty, the strengthening dollar is currently outweighing that effect.

What Should Investors Do?

While silver prices have dipped slightly today, the broader trend still shows volatility. Investors should keep a close watch on global cues, currency movements, and economic developments before making any buying decisions.

For buyers, the current dip could be seen as a short-term opportunity. However, experts advise caution and recommend tracking market trends closely.

Key Takeaway

Silver prices on March 30 have edged lower, but remain higher compared to last week’s levels. With global and domestic factors constantly influencing the bullion market, price fluctuations are likely to continue. Staying informed and monitoring daily rates can help you make smarter investment or purchase decisions.