Silver Price Today in India: Latest Rates Announced, Check Prices in Your City
Silver prices in India remained largely stable today, offering some relief to buyers planning to purchase silver jewellery or invest in the precious metal. Whether you are buying silver for personal use, festive occasions, or long-term investment, checking the latest market rates before making a purchase is always recommended.
According to the latest market update, silver is currently trading at ₹240.10 per gram and ₹2,40,100 per kilogram across most major Indian cities. Although today's movement is marginal, silver prices continue to fluctuate based on several domestic and international factors, making regular price tracking essential for investors and consumers alike.
Latest Silver Rates in India
The updated silver prices for today are as follows:
| Weight | Today's Price | Yesterday's Price | Change |
|---|---|---|---|
| 1 Gram | ₹240.10 | ₹240.00 | +₹0.10 |
| 8 Grams | ₹1,920.80 | ₹1,920.00 | +₹0.80 |
| 10 Grams | ₹2,401 | ₹2,400 | +₹1 |
| 100 Grams | ₹24,010 | ₹24,000 | +₹10 |
| 1 Kilogram | ₹2,40,100 | ₹2,40,000 | +₹100 |
The slight increase indicates that silver prices have remained largely steady, with only minor gains compared to the previous trading session.
Why Do Silver Prices Change?
Silver prices in India are influenced by a combination of global and domestic factors.
Some of the key reasons behind daily price movements include:
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International silver prices.
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Demand and supply in global commodity markets.
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Exchange rate between the Indian Rupee and the US Dollar.
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Industrial demand for silver.
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Jewellery demand during festive and wedding seasons.
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Global economic and geopolitical developments.
A weaker Indian Rupee generally makes imported silver more expensive, even if international prices remain unchanged. Likewise, strong global demand or supply disruptions can lead to higher domestic prices.
Silver Rates in Major Indian Cities Today
The latest silver prices across leading cities are listed below:
| City | 10 Grams | 100 Grams | 1 Kilogram |
|---|---|---|---|
| Mumbai | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Kolkata | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Chennai | ₹2,451 | ₹24,510 | ₹2,45,100 |
| Patna | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Lucknow | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Ayodhya | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Meerut | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Kanpur | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Gurugram | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Chandigarh | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Ghaziabad | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Noida | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Jaipur | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Ludhiana | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Guwahati | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Indore | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Ahmedabad | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Vadodara | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Surat | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Pune | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Nagpur | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Nashik | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Bengaluru | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Bhubaneswar | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Cuttack | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Raipur | ₹2,401 | ₹24,010 | ₹2,40,100 |
| Hyderabad | ₹2,451 | ₹24,510 | ₹2,45,100 |
Is This a Good Time to Buy Silver?
Silver continues to attract both investors and jewellery buyers because of its dual role as a precious metal and an industrial commodity. While short-term prices may fluctuate, many investors consider silver an effective diversification tool alongside gold.
Before making a purchase, buyers should compare prices from multiple jewellers, verify purity, and check for additional charges such as making charges and GST.
Key Takeaway
Silver prices in India witnessed only a marginal increase today, with the metal trading at ₹240.10 per gram and ₹2,40,100 per kilogram in most major cities. Chennai and Hyderabad continue to quote relatively higher rates than several other cities. Since silver prices are influenced by international market trends, currency movements, and domestic demand, buyers and investors should monitor daily price updates before making any purchase or investment decision.
