Silver Price Today: Did silver get cheaper or more expensive on September 8? Check the price of 1 kg from Delhi to Chennai..
Silver Price Today: Silver prices continue to witness fluctuations, and a slight softening in rates was recorded in the market today. Before the market opening on September 8, 2026, silver futures on the Multi Commodity Exchange (MCX) fell by 0.01% to reach ₹2,38,996 per kilogram. In the previous trading session, it had closed at ₹2,39,016 per kilogram. This indicates a drop of ₹20 per kilogram in silver prices ahead of early trading. Meanwhile, variations in silver prices are observed between the spot market and different cities.
This market activity is significant for investors and silver buyers. Therefore, if you are planning to buy, sell, or invest in silver today, it is essential to know the latest market rates. Read on to find out today's silver rate and the prevailing prices in major cities.
Silver Prices Across Different Markets
Silver prices appear to vary slightly depending on the market and source. According to bullion rates, the price of silver is ₹2,38,680 per kilogram. Meanwhile, in Delhi's bullion market, the price of silver is recorded at ₹2,40,500 per kilogram, inclusive of all taxes.
Additionally, according to GoodReturns, the price of silver stands at ₹2,50,000 per kilogram. In the international market, the price of silver has reached $67.08 per ounce.
Silver Prices in Major Cities Today
Silver prices in major cities across the country are hovering around the ₹2.50 lakh per kilogram mark. Minor variations may be observed in some cities due to local market conditions and taxes.
City Price of 1 kg of Silver
Delhi ₹2,50,000
Mumbai ₹2,50,000
Kolkata ₹2,50,000
Chennai ₹2,55,000
Patna ₹2,50,000
Lucknow ₹2,50,000
Meerut ₹2,50,000
Ayodhya ₹2,50,000
Kanpur ₹2,50,000
Aligarh ₹2,50,000
How did prices fare in the previous trading session?
On the previous trading day, the price of silver remained steady at ₹2,40,500 per kilogram for the second consecutive session in Delhi's bullion market. However, in the international market, spot silver weakened by nearly one percent, falling to $65.64 per ounce.
Why did silver prices slip in the futures market?
Amidst weak spot demand, traders reduced the size of their positions, impacting futures trading. Silver contracts for December delivery on the MCX recorded a decline of ₹975, bringing the price to ₹2,36,683 per kilogram. Silver also weakened in the global market (New York), where its price fell by 0.63 percent to $65.79 per ounce. According to market analysts, selling by traders and weak demand exerted pressure on silver futures prices.
Things to keep in mind before buying
Retail silver rates may vary based on the market, taxes, and the seller's margin. Additionally, when purchasing silver jewelry, the final price may exceed the market rate due to the inclusion of making charges and other fees. Therefore, it is advisable to confirm the latest rates with a local jeweler before making a purchase.
Disclaimer: This content has been sourced and edited from News18 Hindi. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
