Silver Price: Silver continues to decline during Navratri. On Friday, March 20, the price of silver dropped by Rs 5000 per kilogram compared to the previous day. On Thursday, the price also fell by Rs 5000. In Delhi’s bullion market, silver is priced at Rs 2,55,000 per kilogram. This rate is consistent across northern Indian states such as Mumbai, Rajasthan, UP, and Madhya Pradesh. In contrast, southern Indian states are seeing a price of Rs 2,64,900 for one kilogram of silver. Find out the price of silver today, Friday, March 20.
What’s Causing the Drop?
The ongoing conflicts in the Middle East are evidently affecting global markets. Interestingly, both gold and silver prices have seen a slight decrease. Normally, during such times, people tend to buy gold as a secure investment, which drives prices up. However, the current scenario shows lower prices due to an oversupply and diminished demand. This unrest, which started following the US and Israeli strikes on February 28, 2026, has persisted for about 21 days, and normalcy has yet to be restored. Experts suggest that gold and silver prices may continue to experience fluctuations in the upcoming days, given the unstable global situation.
Silver Rates for Friday, March 20
- Delhi 2,55,000
- Mumbai 2,55,000
- Ahmedabad 2,55,000
- Chennai 2,64,900
- Kolkata 2,55,000
- Hyderabad 2,64,900
- Jaipur 2,55,000
- Bhopal 2,55,000
- Lucknow 2,55,000
- Chandigarh 2,55,000
These days, gold and silver prices are fluctuating constantly, surprising investors. Gold and silver prices are fluctuating in the international market even today. Experts believe that the main reason for the decline in gold prices is profit-booking and weak physical demand. This means that after the rally, investors booked profits, and market buying slowed. Currently, gold and silver prices are dependent on global cues and Federal Reserve decisions. Therefore, investors should wait for market direction to become clear.
What does the IBJA data indicate?
According to data from the Indian Bullion and Jewellers Association (IBJA), gold was at ₹1,59,097 per 10 grams and silver at ₹2,67,900 per kg on February 27, 2026. The war began the very next day, and the market has been in a downward trend ever since. This indicates that despite the war, the market’s traditional direction has changed this time.
These prices are approximate and may differ from actual market prices. It’s important to note that these are merely estimates, which may prove to be accurate or inaccurate. This information was updated on March 20, 2026, so prices may vary slightly.