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Silver Price Today, September 3, 2026: Global markets are experiencing sharp fluctuations in precious metal prices amid rising tensions in West Asia. With tensions escalating between the United States and Iran, investors are now closely monitoring gold and silver prices, as well as crude oil prices. In India, the impact is also visible on the stock market and bullion market.

Silver prices have been weak in the past few sessions. Silver has fallen by nearly ₹10,000 per kilogram in the past two days in several markets, including Delhi-NCR . Following this decline, silver is trading near its lowest level in nearly two weeks.

What is the price of silver today?

There is a slight difference in the price of silver from different market sources as of September 3, 2026. According to the data provided, the retail price of silver in Delhi is around ₹2,45,000 per kilogram .

Meanwhile, the price of silver in the bullion market is reported to be around ₹236,020 per kilogram . Silver is trading at around $65.56 per ounce in the international market.

The difference in these prices may be due to market conditions, trading hours, taxes, premiums and margins of local jewellers.

Silver marginally up on MCX

Silver futures saw a slight increase in morning trading on the Multi-Commodity Exchange ( MCX) . Silver prices rose by approximately 0.07%, or ₹157, to ₹2,30,100 per kilogram.

In the previous trading session, silver had closed at ₹2,29,943 per kg on MCX.

This indicated that despite weakness in the domestic spot market, the futures market witnessed mild buying during early trade.

1 kg silver rate in major cities

According to the given data, the price of silver in many big cities is around ₹2,45,000 per kilogram .

Note: Local silver prices can vary by city, jeweler, purity, taxes, and time of purchase or sale. The figures listed in the source are unusually low for some cities, so they should not be taken as general market rates.

What is the impact of US-Iran tension on silver?

Silver prices in the international market are influenced by several factors, including dollar movements, US interest rate expectations, global economic activity, industrial demand, and geopolitical tensions.

If rising tensions between the US and Iran lead to a rise in crude oil prices, this could impact global inflation and central bank policies. In such a situation, investors may turn to precious metals like gold and silver. However, silver is more dependent on industrial demand than gold, so its price may fluctuate in different directions.

Will silver become cheaper in the coming days?

It’s difficult to predict a definitive direction for the silver market at this time. Geopolitical tensions could support prices, while a stronger dollar, global interest rate expectations, and weak industrial demand could pressure silver.

Therefore, instead of taking decisions based on just one day’s rise or fall, investors should keep an eye on MCX trend, international silver price, dollar index and geopolitical developments .

Important information for investors

When buying silver, don’t just look at the market price per kilogram. Factors like GST, manufacturing/dealer charges, purity, and price differences in physical silver can also affect the final price.

Silver Price Today, September 3, 2026: Silver is currently experiencing sharp fluctuations. According to retail data in Delhi, 1 kg of silver is trading at around ₹2.45 lakh per kg , while in early trading on the MCX, it was around ₹2.30 lakh per kg .