Planning to buy silver coins, jewellery or bars today? Checking the Silver Rate Today before you visit the shop is one of the smartest habits you can build. Silver has been on an extraordinary run this year, and daily price swings are now large enough to noticeably change your final bill.
Here is the complete picture of today’s silver price in India, city-wise rates, the reasons behind the recent movement, and practical tips before you buy.
Gold Rate Today
Petrol Rate Today
Silver Rate Today in India on August 15, 2026
2 As of August 15, 2026, the silver rate today in India is around ₹226.6 per gram on a fine-silver basis, according to one price tracker. Retail quotations are higher — 1 another popular price platform listed silver in India at ₹255 per gram and ₹2,55,000 per kilogram on August 14.
Why the difference? Silver is quoted on several bases — wholesale 999 fine silver, retail rates including local premiums, and futures prices. Here is a quick snapshot from the most recent updates:
| Price Basis | Rate (₹) | As On |
|---|---|---|
| Fine silver (per gram) | ₹226.6 | Aug 15, 2026 |
| Retail indicative (per gram) | ₹255 | Aug 14, 2026 |
| Retail indicative (per kg) | ₹2,55,000 | Aug 14, 2026 |
| Wholesale bullion (per kg) | ₹2,37,360 | Aug 14, 2026 (9:15 PM) |
| MCX futures (per kg) | ₹2,34,480 | Aug 14, 2026 |
14 A bullion market tracker showed silver at ₹2,37,360 per kg, up ₹570 or 0.24%, as of Friday, 14 August 2026, 21:15 PM India time.
Since different platforms update at different times and use different purities, always confirm the live quotation with your jeweller or bullion dealer before paying.
Silver Price on MCX and in Global Markets
MCX silver futures
21 MCX silver futures were down 0.98% at ₹2,34,480 per kg during Friday’s session. 21 In New Delhi, 999-fine silver was quoted at ₹2,33,360 per kg.
International silver price
The global market tells an even more dramatic story:
- 20 On August 14, 2026, silver traded at $64.96 per troy ounce, up 0.78% from the previous day’s price of $64.46
- 20 Over the last month, silver has moved up 10.65%, and compared with this time last year, it is 71% higher
- 20 Over the past 52 weeks, silver has swung between an intraday high of $121.58 on January 29, 2026, and a low of $36.97 on August 20, 2025
That is a huge trading range — which is exactly why checking the Silver Rate Today daily matters so much right now.
Silver Rate Today in Major Indian Cities
City-wise retail silver rates from the most recent multi-city snapshot (August 10, 2026):
| City | Silver Rate (per kg) |
|---|---|
| Chennai | ₹2,62,900 |
| Delhi | ₹2,61,900 |
| Mumbai | ₹2,60,900 |
| Kolkata | ₹2,56,900 |
Silver Rate Today in Chennai
11 Chennai silver was quoted at ₹2,62,900 per kg on August 10, while Delhi stood at ₹2,61,900, Mumbai at ₹2,60,900 and Kolkata at ₹2,56,900. 21 Among major cities, Chennai had the highest gold and silver rates, while Delhi had the lowest in the latest daily update — so southern buyers should compare quotes carefully.
Silver Rate Today in Mumbai
Mumbai’s rates closely track the wholesale bullion market since the city hosts Zaveri Bazaar, India’s biggest bullion hub. 13Silver as a commodity is traded mainly on the MCX, or Multi-Commodity Exchange in India, which is also among the top three destinations worldwide for silver trading.
Silver Rate Today in Delhi
Delhi’s 999-fine silver was among the lowest quotes in the latest update. If you are buying in bulk — say for a wedding gift or investment — even a ₹2,000–₹5,000 per kg difference between cities can matter.
Why do rates differ between cities?
- 4 Local market factors like state government taxes, policies, transportation charges and availability
- Dealer premiums and local demand-supply gaps
- Different price-update timings across jewellers
- Festival and wedding-season buying patterns
Why Is Silver So Volatile Right Now?
Several forces are pulling silver in different directions this week.
Soft US inflation data
22 Silver prices rose back above $65 in early trading, as soft inflation reports earlier in the week led many to lower their expectations of a rate increase in September. 23 US core producer prices increased less than expected in July, and markets are now pricing in around a 35% chance of a 25 basis point rate hike in September, down from 55% a week earlier. Lower rate expectations generally support precious metals, since silver pays no interest.
Profit-booking after a huge rally
23 Silver also fell below $64 an ounce at one point on Friday, extending losses as investors took profits while assessing the Federal Reserve’s policy outlook and developments in the Middle East. After a 71% year-on-year gain, some traders are locking in profits.
Industrial demand
20 Supply and demand play a large role, as silver has multiple industrial uses, including electronics, solar panels, medicine and other industries. 13 Across the world, more than half the total silver consumption is mainly for industrial purposes.
The rupee and import costs
13 Silver production in India is minimal, and most of the internal demand has to be met through imports. 3 Key influences on Indian prices include the international silver spot price in USD, the INR/USD exchange rate, import duties and taxes, dealer premiums, and refining and logistics costs.
For related coverage, read Newzeefy’s Gold Rate Today update and our guide on how the US Fed’s decisions affect Indian markets.Â
How to Buy Silver Smartly: A Quick Checklist
A lower rate is not always a better deal. Before buying, remember:
- Check purity first: 2Always go for sterling silver with the 925 hallmark, which indicates the silver is 92.5% pure; investment bars and coins are usually 999 fine.
- Verify the hallmark: 6Before buying silver coins or jewellery, authenticity can be verified through the BIS hallmark to ensure purity and quality. You can cross-check on the official BIS website (external link).
- Prefer coins/bars for investment: 2You can buy a coin or bar from any authorised store or even from a bank — this way, you save on making charges.
- Remember GST: 5Benchmark reference rates are exclusive of GST and making charges, so 5the final price includes 3% GST and may include making charges for jewellery.
- Know your units: 51 kg = 1000 grams, and 1 tola = 11.66 grams.
- Ask for an itemised bill showing weight, purity and all charges — it protects you at resale.
Ways to Invest in Silver in India
2 There are many ways to invest in silver — choose one based on your investment needs:
- Physical silver: coins, bars and jewellery
- Silver ETFs and fund-of-funds: 3silver ETFs or FoFs give easy exposure to silver prices without management hassle
- Silver stocks: 2a popular route, as silver is a reliable long-term investment that can act as a hedge in volatile markets
- MCX futures: for experienced traders only, given high leverage and volatility
Is Today a Good Time to Buy Silver?
There is no universal answer. 2Silver is more suited for long-term investors, as it is an appreciatory commodity and takes time for price appreciation. 5It is also considered a good hedge against inflation and currency depreciation.
That said, silver has already surged sharply this year and remains far below its January peak — meaning both big gains and big corrections are possible. If you have a genuine need (festival, gifting, wedding), staggered buying in smaller lots reduces the risk of catching a temporary peak. Pure investors should compare physical silver with ETFs, which avoid making charges and storage worries.
Conclusion
The Silver Rate Today in India stands near ₹2.3–2.5 lakh per kg depending on purity and market segment, with retail rates around ₹255 per gram and fine silver near ₹226 per gram. Chennai currently quotes the highest city rate, while Delhi is the cheapest among the metros. Globally, silver is up roughly 71% year-on-year, driven by soft US inflation data, shifting Fed rate expectations and strong industrial demand — but profit-booking is keeping prices choppy.
Before buying, confirm the live rate, insist on BIS-hallmarked or 999-certified silver, factor in 3% GST and making charges, and compare the final payable amount, not just the board rate.
Disclaimer: Silver prices change through the day and vary by city and purity. This article is for information only and is not investment advice.
Frequently Asked Questions
What is the silver rate today in India?
Why is silver so expensive in 2026?
What is the highest silver price ever recorded?
20Â Over the past 52 weeks, silver hit an intraday high of $121.58 per ounce on January 29, 2026 in international markets, making it one of the most dramatic rallies in the metal’s history.
