Gold rate today pune: Current Trends and Influencing Factors
On 2 March 2026, the silver price in India stood at ₹297 for 1 gram and ₹296,520 for 1 kilogram, marking a 5.29% increase from the previous closing price. The rate for 10 grams of silver is ₹2,965. In India, silver prices are significantly affected by global spot silver rates, fluctuations in the US dollar, and import tariffs on silver, among other factors. Current Silver Rates in India (₹ per 1 gm, 10 gm, 1 kg) Type Current Price (₹) Previous Price (₹) Change (₹) Percentage Change (%) 1 gm 297 282 14.89 5.29% 10 gm 2,965 2,816 148.90 5.29% 1 Kg 296,520 281,630 14,890.00 5.29% Additional: Comprehensive tables and graphs on today’s silver rates in India
What is causing the fluctuation in Silver prices today?
Current Silver Prices in India
Silver surged nearly 2% to surpass $95 per troy ounce on COMEX, reaching its highest point in more than a month as the demand for safe-haven assets increased.
ALSO READ Will silver surpass $100/oz following a 42% increase? Analysts indicate that $95 is a crucial threshold for the 2026 uptrend.
Joint military operations conducted by the United States and Israel against Iran heightened tensions, leading to the demise of Ayatollah Ali Khamenei and effectively shutting down the Strait of Hormuz, a critical passage that facilitates approximately 20% of the world’s oil transport and substantial natural gas movement.
Factors Influencing Silver Rates
Forecast for Silver Investors
Jigar Trivedi, a Senior Research Analyst at Indusind Securities, mentioned that the markets are currently anticipating two rate cuts of 25 basis points each this year, fueled by speculation that the recent upheaval might prompt the central bank to relax its monetary policy. He further noted, “MCX Silver May futures are likely to remain high, with Rs 2.84 lakh per kg acting as a resistance level for the time being.”
ALSO READ The implications of US–Israel military actions against Iran are no longer hypothetical: Their impact on gold and oil prices is significant.
Recent Trends in Silver Market
Current Silver Prices in Major Urban Areas (₹ per gram)
City 1 gm(₹) 10 gm(₹) 1000 gm(₹) Ahmedabad 297 ( 14.53 ) 2,965 ( 145.30 ) 296,510 ( 14,530.00 ) Bangalore 297 ( 14.90 ) 2,968 ( 149.00 ) 296,750 ( 14,900.00 ) Chennai 297 ( 14.93 ) 2,974 ( 149.30 ) 297,380 ( 14,930.00 ) Delhi 296 ( 14.87 ) 2,960 ( 148.70 ) 296,010 ( 14,870.00 ) Hyderabad 297 ( 14.91 ) 2,970 ( 149.10 ) 296,990 ( 14,910.00 ) Kolkata 296 ( 14.87 ) 2,961 ( 148.70 ) 296,130 ( 14,870.00 ) Mumbai 297 ( 14.89 ) 2,965 ( 148.90 ) 296,520 ( 14,890.00 ) Pune 297 ( 14.89 ) 2,965 ( 148.90 ) 296,520 ( 14,890.00 ) Surat 297 ( 14.91 ) 2,969 ( 149.10 ) 296,910 ( 14,910.00 ) (Prices may differ among jewelers and regions based on local taxes, making charges, and logistics.
Additional information regarding Silver:
