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Silver prices recorded a slight increase in India on Tuesday, March 3, 2026, just a day before the Holi festival. In the bullion market of Delhi, the price of silver reached ₹3,15,100 per kilogram, reflecting a modest rise compared to previous sessions.

Market analysts attribute the increase in silver prices to growing global uncertainty, particularly due to rising tensions involving the United States, Israel, and Iran. As geopolitical risks increase, investors tend to move toward safe-haven assets like gold and silver, pushing prices higher.

Silver Rate Today: March 3, 2026

Silver prices remained mostly similar across several major cities in India, with only minor differences in a few locations. Below are the latest silver rates for Tuesday:

The rates indicate that silver prices are slightly higher but largely stable across the country.

MCX Trading Schedule on Holi

Due to the Holi holiday, trading on the equity markets of the Bombay Stock Exchange and the National Stock Exchange remained closed on March 3.

However, trading on the Multi Commodity Exchange of India followed a different schedule:

• Morning trading session remained closed.

• Evening trading resumed from 5:00 PM to around 11:00 PM.

This allows commodity traders to participate in market movements linked to global trends later in the day.

Why Silver Prices Are Rising

Experts believe that the ongoing geopolitical tensions in the Middle East have influenced precious metal markets. Concerns over conflict escalation have created uncertainty in global financial markets.

As a result:

• Investors are moving funds into safe assets like gold and silver.

• Demand for precious metals is increasing.

• Market volatility has also risen due to global risk factors.

The rise in crude oil prices and concerns about supply routes have further added to the uncertainty, indirectly impacting bullion prices.

Will Silver Prices Increase Further?

According to market experts, if geopolitical tensions continue for a longer period, precious metal prices could rise further. Some analysts predict that:

• Gold may approach ₹1.70 lakh per 10 grams.

• Silver could potentially reach ₹3.50 lakh per kilogram in the coming months.

However, if diplomatic talks help ease tensions, the market could witness profit booking, which might lead to short-term corrections in prices.

What Buyers Should Keep in Mind

If you are planning to buy silver jewellery or invest in silver before or after Holi, consider the following:

• Check the latest market rate before making a purchase.

• Verify the purity and certification of silver products.

• Compare prices across jewellers or dealers.

• Keep an eye on global developments that can influence prices.

These factors can help investors and buyers make better decisions in a fluctuating market.