Silver Rate in Chennai Today, August 3, 2026
Authored By HDFC SKY | Published at: Aug 3, 2026 02:13 PM IST
Silver prices in Chennai remained steady on August 3, with the metal continuing to trade at ₹235 per gram and ₹2,35,000 per kilogram. Domestic rates have seen little movement over the past week, even as global bullion markets continue to react to economic developments.
Chennai, August 03: Silver prices in Chennai were unchanged on Monday, August 3, with retail rates holding firm for another day. After the decline seen towards the end of July, prices have settled into a narrow range, giving both buyers and investors a relatively stable market.
As per the latest rates, silver is priced at ₹235 per gram, while 1 kilogram costs ₹2,35,000.
Today’s Silver Rate in Chennai
| Weight | Price |
| 1 gram | ₹235 |
| 10 grams | ₹2,350 |
| 100 grams | ₹23,500 |
| 1 kilogram | ₹2,35,000 |
Silver Prices Continue to Hold Steady
Unlike gold, which has seen frequent day-to-day swings recently, silver has remained largely unchanged over the past several sessions. Domestic prices are currently finding support even as traders assess fresh global economic cues, industrial demand and movements in the US dollar.
Those looking to invest without buying physical silver can also consider Silver ETFs, which closely track domestic silver prices while eliminating concerns around storage and purity.
Explore Silver ETFs:https://hdfcsky.com/etf/silver-etf
Today’s Silver Price Comparison
| Weight | Today | Yesterday | Change |
| 1 gram | ₹235 | ₹235 | No Change |
| 8 grams | ₹1,880 | ₹1,880 | No Change |
| 10 grams | ₹2,350 | ₹2,350 | No Change |
| 100 grams | ₹23,500 | ₹23,500 | No Change |
| 1 kilogram | ₹2,35,000 | ₹2,35,000 | No Change |
Estimated Cost of 10 Grams of Silver Jewellery
| Component | Amount |
| Silver Value | ₹2,350 |
| Making Charges (12%) | ₹282 |
| GST (3%) | ₹79 |
| Estimated Total | ₹2,711 |
Making charges differ from one jeweller to another and may vary depending on the design.
Silver Price Trend Over the Last 10 Days
| Date | 10 Gram | 100 Gram | 1 KG |
| Aug 3 | ₹2,350 | ₹23,500 | ₹2,35,000 (0) |
| Aug 2 | ₹2,350 | ₹23,500 | ₹2,35,000 (0) |
| Aug 1 | ₹2,350 | ₹23,500 | ₹2,35,000 (0) |
| Jul 31 | ₹2,350 | ₹23,500 | ₹2,35,000 (0) |
| Jul 30 | ₹2,350 | ₹23,500 | ₹2,35,000 (0) |
| Jul 29 | ₹2,350 | ₹23,500 | ₹2,35,000 (0) |
| Jul 28 | ₹2,350 | ₹23,500 | ₹2,35,000 (-₹5,000) |
| Jul 27 | ₹2,400 | ₹24,000 | ₹2,40,000 (0) |
| Jul 26 | ₹2,400 | ₹24,000 | ₹2,40,000 (0) |
| Jul 25 | ₹2,400 | ₹24,000 | ₹2,40,000 (0) |
The 10-day trend highlights how silver has cooled after its late-July correction. Prices have stayed unchanged for nearly a week, suggesting that the market is waiting for a stronger trigger before making its next move.
What Drives Silver Prices?
Retail silver prices are influenced by international bullion rates, the rupee-dollar exchange rate, industrial demand, inflation expectations and investor sentiment. Local demand from jewellers, festivals and seasonal buying also contributes to price movements across Indian cities.
Conclusion
Silver prices in Chennai were steady on August 3, with the metal continuing to trade at ₹235 per gram and ₹2,35,000 per kilogram. While prices have remained stable in recent sessions, the next major move will likely depend on global bullion trends, economic data and currency movements.
Source:
- https://www.goodreturns.in/silver-rates/chennai.html
Disclaimer
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
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