Silver Rate Today: Silver prices rose on Friday, March 6 as investors turned cautious amid fears of economic damage from escalating conflict in the Middle East. A slight decline in the US dollar also provided support to precious metals, making bullion sold in dollars cheaper for buyers using other currencies. On MCX, silver price rose 2.6% or ₹8,600 to ₹2,68,991 per kg, while gold price rose 1% or ₹1,577 to ₹1,61,250 per 10 gram.
What is the price of silver today?
In the international market, spot silver rose 0.1% to $82.26 an ounce. Meanwhile, spot gold was almost unchanged at $5,076.09 an ounce by 0116 GMT, suggesting investors were maintaining their positions amid geopolitical uncertainty. Meanwhile, US gold futures for April delivery rose 0.1% to $5,084.50. In other precious metals, platinum rose 0.1% to $2,124.05 an ounce, while palladium rose 1.1% to $1,639.78.
Silver rates according to city
City | silver rates |
| Mumbai | Rs 2,62,250 |
| Delhi | Rs 2,61,800 |
| Bengaluru | Rs 2,62,450 |
| Chennai | Rs 2,63,010 |
| Hyderabad | Rs 2,62,660 |
| Kolkata | Rs 2,61,900 |
Why are gold and silver prices increasing?
Tension is increasing in the Middle East, it is reported that Iran has carried out several attacks targeting Israel, United Arab Emirates and Qatar. The growing hostilities have raised concerns about large-scale economic and energy market disruptions. Additionally, US Defense Secretary Pete Hegseth and Admiral Brad Cooper, who oversee US forces in the Middle East, said that the United States has enough weapons to sustain its military campaign for a long time. The US-Israeli strike against Iran, which began on Saturday, reportedly hit multiple targets across the country, prompting Iran to retaliate.
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