No, the silver price in India is not increasing today (March 23, 2026)—it's actually dropping quite sharply.
From reliable sources like MCX and various bullion sites, silver is trading lower compared to yesterday:
- MCX silver futures are around ₹201,700–₹210,000 per kg, down roughly ₹25,000 or about 11% from the previous close (around ₹226,772–₹227,000).
- Physical/retail rates are showing similar declines—e.g., around ₹193,000–₹230,000 per kg (or ₹193–₹230 per gram), with drops of ₹11,000–₹15,000 per kg or 5–11% in many listings.
This aligns with a broader fall in global silver prices today (spot silver down significantly in USD terms too). So yeah, not a good day if you're holding or selling—prices are trending down right now. If you're thinking of buying, it might be a dip, but keep an eye on live updates since commodity prices move fast!