Silver Prices Drop on Navratri Day 1: Check Latest Rates Across Major Cities on March 19

Silver prices in India witnessed a noticeable decline on Thursday, March 19, 2026, coinciding with the first day of Navratri. The fall in rates has caught the attention of both buyers and investors, as the precious metal became cheaper compared to the previous trading session.

According to market data, the price of silver dropped by as much as ₹5,000 per kilogram in a single day, reflecting ongoing volatility in the bullion market.

Latest Silver Price in India

In the Delhi bullion market, silver is currently trading at around ₹2,60,000 per kilogram. Similar price levels are being observed across several northern and western regions, including:

• Mumbai

• Ahmedabad

• Jaipur

• Lucknow

• Bhopal

• Chandigarh

However, in southern cities such as Chennai and Hyderabad, silver prices are slightly higher, trading near ₹2,65,000 per kilogram.

City-Wise Silver Rates on March 19

Here’s a quick overview of silver prices in key cities:

• Delhi: ₹2,60,000 per kg

• Mumbai: ₹2,60,000 per kg

• Ahmedabad: ₹2,60,000 per kg

• Kolkata: ₹2,60,000 per kg

• Jaipur: ₹2,60,000 per kg

• Lucknow: ₹2,60,000 per kg

• Bhopal: ₹2,60,000 per kg

• Chandigarh: ₹2,60,000 per kg

• Chennai: ₹2,65,000 per kg

• Hyderabad: ₹2,65,000 per kg

Why Are Silver Prices Falling?

Despite global uncertainty, silver prices are currently under pressure. Typically, geopolitical tensions push investors toward safe-haven assets like gold and silver, leading to price increases. However, the current scenario is slightly different.

Experts point to the following reasons behind the decline:

• Higher supply levels in the market

• Relatively weaker demand in the short term

• Ongoing global uncertainty, especially due to tensions in the Middle East

The geopolitical situation, which escalated after military developments in late February 2026, continues to impact financial markets. However, instead of driving prices up, the imbalance between supply and demand is keeping silver rates subdued for now.

What Lies Ahead for Silver Prices?

Market analysts believe that price fluctuations may continue in the coming weeks. With global conditions still uncertain and economic signals mixed, silver prices are likely to remain volatile.

Factors that could influence future price movements include:

• Changes in global demand

• Inflation trends

• Interest rate decisions by major central banks

• Developments in geopolitical tensions

What It Means for Buyers

The recent dip in silver prices could be seen as a buying opportunity, especially during the festive season like Navratri when demand for precious metals traditionally rises.

However, investors should remain cautious and track market trends before making large purchases.

Final Takeaway

Silver prices have declined significantly on March 19, offering some relief to buyers. While current rates are lower, the market outlook remains uncertain due to global factors.

For now, both investors and consumers should stay informed and make decisions based on their financial goals and market conditions.