Silver Price/Rate in Chennai Today

Across the world, more than half the total silver consumption is mainly for industrial purposes, as silver is a highly useful metal with a range of properties that make it attractive for large industries such as manufacturing, medicine etc.

Silver production in India is minimal and most of the internal demand has to be met through imports. For consumers in Chennai, silver has emerged not only as a metal for jewelry and ornamentation, but also as a safe bet for savings in the long and short run.

Also, Know - Silver price trend in india

Historical Trend of Silver Price in Chennai 2025

Trend of Silver Rate in Chennai for August 2025 (rates per kg)

Trend of Silver Rate in Chennai for July 2025 (rates per kg)

Trend of Silver Rate in Chennai for June 2025 (rates per kg)

Trend of Silver Rate in Chennai for May 2025 (rates per kg)

Trend of Silver Rate in Chennai for April 2025 (rates per kg)

Trend of Silver Rate in Chennai for March 2025 (rates per kg)

Trend of Silver Rate in Chennai for February 2025 (rates per kg)

Trend of Silver Rate in Chennai for January 2025 (rates per kg)

Trend of Silver Rate in Chennai for December 2024 (rates per kg)

Trend of Silver Rate in Chennai for November 2024 (rates per kg)

Trend of Silver Rate in Chennai for October 2024 (rates per kg)

Factors that influence Silver Price in Chennai

The following are the factors the influence the silver rates in Chennai: 

1. Supply and demand ration of the white metal influences the silver rates in Chennai. If demand increases with respect to supply, then it directly impacts the cost of white metal. 
2. Silver has a great demand in the industrial and medical sector. Increase in the demand for white metal in the industrial sector results in a jump in the silver price in Chennai. 
3. Various government policies also impact the cost of white metal, thereby either increasing or decreasing the price. 

1. Production of silver in the country does not fulfill the demand for the metal. Hence, a considerable amount of silver is imported, thereby impacting the silver rates in Chennai due to any change in the exchange or import rate. 
2. The gold-silver ratio also influences the cost of silver. Increase in gold rate impacts the silver as the demand for the white metal increases.

How Can I Invest in Silver in Chennai?

The following are ways to invest in silver in Chennai: 

1. Silver jewelry and silverware are available in Chennai market, where an individual can either purchase any silver ornaments for gift purposes during festivities or opt for silver ware from the nearest store. Make sure to look for the essential certification to authenticate the purity of the metal. 

1. Consumers in Chennai can also invest in silver in the form of bars that can be purchased from any trusted bullion providers in the city. Ingots are one of the most preferred investment options among residents of Chennai to invest in bullion. 
2. Silver coins are available in various weights, such as 10 grams, 100 grams, etc., which can be purchased from any private companies or banks in India. Silver coins with 999 purities are mainly available in Chennai, which is also considered one of the preferred investment options in the city. 

How can you test the purity of silver? 

The following are the ways to test the silver purity: 

1. Silver purity can be tested at home easily by applying a little drop of acid on the silver product. The acid will react with the metal and colour will change. The change in colour will reveal the purity of white metal. 

1. Spectroscopy or x-ray fluorescence are one of the professional techniques to detect the purity of silver. 
2. Silver testing kit available in various jewelry stores or online retailers comes with a testing solution. Dab the silver item and apply the solution to it and check the colour change to determine the silver purity. 

Silver dealers in Chennai

Major silver sellers in Chennai include SLN Bullion, Vummidi Silverware, Tanishq, N. Gopaldas, GRT, Khazana Jewellers and many more. These dealers offer various products of silver such as bars, jewelry, ornaments, silverware, coins, gift articles etc.

The dealers mostly sell silver at latest prices, with variations in price according to the product type. For instance, silver jewelry will cost you more for the same quantity of pure silver than a silver bar.

Silver demand and supply

Silver is mainly produced as a by-product of other metal production processes. By-product silver accounts for more than 80% of total silver in the world, with the remaining quantities mined in countries predominantly in the Americas. Many countries, including India, have bought large reserves of silver to meet their internal requirements as well as global demands.

Silver rates in Chennai are a direct product of the global demand and supply chain. The demand for silver has steadily exceeded its supply in the recent past, and this has led to silver prices in Chennai going to peak levels in the last few years.

Factors to Consider Before Purchasing Silver in Chennai

These are a few crucial factors to consider before buying silver in Chennai:

Buyback - Many jewellers in Chennai provide the opportunity to buyback silver, which means that you can replace your old silver jewellery with new ones. With this option, you can get new jewellery designs without spending money. However, note that silver jewellery is resold on the basis of its weight. Therefore, this aspect must be taken into account when trading in old silver for new.  

Check hallmark - You should always purchase Bureau of Indian Standards (BIS) certified silver. When you purchase silver, make sure to check its purity, marking year, BIS mark, jeweller/manufacturer's identification mark, and Assay centre identification mark.

Invoice - Purchasing silver should always be a straightforward process. Therefore, you must request an invoice when buying silver. The invoice will be helpful in case you want to resell your silver and it will also serve as a record of the precise details of the silver form.

Online shopping - If you want to buy silver jewellery in Chennai, it is crucial to be sure the seller is a reputable jewellery business. Furthermore, keep an eye on the daily silver prices in Chennai. By doing this, you will make sure that you do not pay more than the current silver rates.