Indian Silver Prices Surge 5.34%, Temporarily Boosted by International Factors

On 27 March 2026, the price of 1 gm of silver was ₹231, and the price of 1 kg of silver was ₹231,070, reflecting a gain of 5.34% compared to its previous close. Meanwhile, the 10 gm silver rate is at ₹2,311. Silver prices in India are largely influenced by international spot silver rates, US dollar fluctuations, and import duties on silver among other things. Silver rebounded above $68 per ounce on Friday after falling over 4% in the previous session, as US President Donald Trump postponed action on Iranian energy infrastructure until April 06. ALSO READ Gold drops below $4,500 as Iran rejects Trump’s ceasefire; Silver slides below $70 The delay, along with Iran allowing 10 oil tankers through the Strait of Hormuz, provided temporary relief to markets. However, tensions remain elevated after Iran rejected the US 15-point proposal and pushed for control over Hormuz. Rising energy prices continue to fuel inflation concerns, strengthening expectations of interest rate hikes. This has limited gains in precious metals despite safe-haven demand amid ongoing geopolitical uncertainty. ALSO READ Gold drops below $4,500 as Iran rejects Trump’s ceasefire; Silver slides below $70