Today's Silver Price/Rate in Tamil Nadu

Silver is held in high regard across Tamil Nadu across both rural and urban populace. Significantly, over 80% of silver imported to Chennai is sent to Salem, making the latter one of the largest consumer of silver.

Intriguingly, Salem has been one of the biggest manufacturers of silver anklets in India. Salem payals (500 gm to 1000 gm) are widely sold in Goa and Chhattisgarh.

Historical Trend of Silver Price in Tamil Nadu

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

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

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

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

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

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

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

Trend of Monthly Silver Rate in Tamil Nadu for January 2025 

1. In the state of Tamil Nadu, the price of the precious white metal stood at Rs.98,000 per kg on the first day of the month, marking the opening rate of the metal in the city for the month of January 2025. 

1. Over the course of the month, the rates of the precious white metal witnessed considerable fluctuation in its rates, thereby resulting an overall increase in the performance of the white metal in Tamil Nadu. 

1. At the end of the month of January 2025, the price of the precious white metal increased in its value and stood at Rs.107,000 per kilogram in the state of Tamil Nadu on 31 January 2025, which marks the closing rate of silver. 

1. In Tamil Nadu, the highest price point achieved for the precious white metal for the month of January 2025 was recorded on 31 January 2025 when one kilogram of the precious white metal was sold at the rate of Rs.107,000.  

1. On the other hand, the lowest recorded price of silver in 2025 was Rs.98,000 per kilogram, which was observed on 1 January 2025, in the state of Tamil Nadu. This price drop could be attributed to various factors, including fluctuations in global silver prices, local demand and supply dynamics, and market trends during the period. The decline in silver rates on this particular day may have been influenced by reduced industrial demand, changes in import duties, or shifts in international bullion markets.  

1. The percentage change recorded for the precious white metal was 9.18% for the month of January 2025 in Tamil Nadu after considering significant changes in the overall performance of the silver prices in the city for the month. 

Silver as an investment in Tamil Nadu

Silver or ‘poor man’s gold’ is the most common form of traditional investment which caters to demands of all sections of society. Silver is seen as a valuable asset with a store of value offering protection against rising prices and effective hedge against inflation. Silver coins and bars are the most common forms of investment. Significantly, the plummeting price of silver has made it more attractive as a vehicle for investment.

Physical silver -  Silver is widely bought in the form of coins and 1 kg bars. Silver jewellery including temple jewellery including artefacts meant for ritualistic purposes, and other auspicious occasions is prevalent and drives demand for the white metal across various towns and cities in Tamil Nadu. From traditional silver jewellery items such as toe-rings and anklets to antique jewellery and artefacts, silver is sold in multiple forms. Silver articles are much in demand during the festive season.

Silver contracts - Silver is traded in the spot as well as futures market. Silver is traded in Multi Commodity Exchange, National Spot Exchange and National Commodity & Derivatives Exchange. MCX offers three silver options, namely, Silver Mini, Silver 1000 and Silver Micro. Silver contracts deliver up to 30kg of silver. Silver Micro is one of the most traded contracts owing to the low margins involved.

Form of Silver Available in Tamil Nadu 

The following are some of the main types of silver that are available in Tamil Nadu: 

1. Jewelry 
2. bullions 
3. Coins 
4. Bars 

1. Household items 

Silver coins are available in various weight options in Tamil Nadu, such as 1 gram, 2 gram, 5 gram, 10 gram, 15 gram, 25 gram, 40 gram, 50 gram, 100 gram, 200 gram, 500 gram and 1000 gram or 1 kg. 

Silver bars are also available in various weight and purity options ranging from 10 ounce to 1 kg and 0.999 to 0.9999 fineness, respectively. 

Factors to Consider Before Purchasing Silver in Tamil Nadu 

The following are the main factors that should be considered before making a purchase of any silver items in Tamil Nadu: 

1. Current price trend - The silver prices keep fluctuating on an almost daily basis; hence, it is vital to keep track of the current price trend to get the best price for the silver item. 
2. Form of silver -  The price of silver also depends on the form of silver that you wish to purchase from a certified jeweler in the form of jewelry or from a bank in the form of coins, or bars. 
3. Source of purchase -  Make sure to consider the source of purchase of silver to ensure you invest in authenticated silver products. 
4. Certifications - Before making a purchase, make sure that the silver item has all the necessary certification marks. This will ensure that the silver is pure and is being purchased from authenticated sources. 
5. Making cost -  Making charges are levied on all silver products and hence, consider only those jewelers who charge minimum making cost apart from providing quality and authenticate silver products. 

Purity Levels of Silver  

Silver is graded as per its purity levels that depends on the ratio other metals, such as nickel, copper, and others, mixed with silver. Here is the list of purity levels of silver available in the market and their respective grades: 

What are the Certification Marks that Should be Present on Silver? 

The following are the certification marks that should be present on the silver: 

1. BIS (Bureau of Indian Standards) Mark  
2. Purity Grade Indicator 

1. Symbol of identification of the manufacturer or the jeweler 
2. Assay Centre’s identification mark 
3. Marking year