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Silver rises by Rs 20,236 in a day, prices reach close to ₹ 3 lakh in Delhi, UP and Bihar: – ..

Samira Vishwas | March 3, 2026 7:24 AM CST

News India Live, Digital Desk: Due to uncertainty in the international market and Iran-America tension, investors are turning to gold and silver instead of the stock market. According to IBJA, today silver without GST ₹2,86,936 per kg, which with GST has crossed ₹ 2.95 lakh.

Silver price in major cities (2 March 2026)

The table below gives the latest 1 kg silver rates (tentative including GST):

City	Today’s price (per kg)	change from yesterday
New Delhi	₹2,96,260	₹15,120 ▼
Lucknow (UP)	₹2,96,200	₹14,500 ▼
Patna (Bihar)	₹2,95,960	₹14,480 ▼
mumbai	₹2,96,770	₹15,140 ▼
Jaipur	₹2,96,080	₹14,490 ▼

Price of silver coin (10 grams)

If you want to buy coins for investment, today’s rates are as follows:

Delhi: ₹2,660 per coin

Lucknow: ₹2,666 per coin

Mumbai: ₹2,665 per coin

Chennai: ₹2,670 per coin

Why are prices rising? (3 main reasons)

Crisis of War: The military conflict between Iran, Israel and America has increased the demand for silver as a ‘safe haven’ globally.

MCX surge: Silver futures price on Multi Commodity Exchange (MCX) today increased by about 3.5%. ₹2,84,490 Is doing business at Rs.

Dollar strength: Amid global uncertainty, the strength of the dollar index is also increasing the prices of precious metals.

Expert opinion

Market experts believe that if tensions in the Middle East do not subside, silver will soon fall. ₹3,50,000 May again touch its all-time high (which was made on January 29, 2026). Buyers have been advised to purchase only after checking the hallmark and purity.