Silver Rate in Chennai Today, August 5, 2026: Silver Prices Rise After Nearly a Week of Stability
Authored By HDFC Sky | Published at: Aug 5, 2026 01:02 PM IST
Silver prices in Chennai edged higher on August 5, ending nearly a week of flat trading. The metal gained ₹5 per gram, taking the retail price to ₹240 per gram, while the price of 1 kilogram rose by ₹5,000 to ₹2,40,000. The uptick follows stronger global bullion prices and renewed buying interest across precious metals, with both gold and silver moving higher during the day.
Chennai, August 05: Silver prices in Chennai moved higher on Wednesday, August 5, snapping a streak of unchanged rates that had lasted for several days. After staying flat through most of the past week, the white metal finally registered an uptick, reflecting stronger global bullion prices and improving investor sentiment.
According to today’s market rates, silver is trading at ₹240 per gram, while the price of 1 kilogram stands at ₹2,40,000, both higher than Tuesday’s levels. Though the increase may appear modest on a per-gram basis, it translates into a sizeable jump for larger purchases and bulk buyers.
Today’s Silver Rate in Chennai
| Quantity | Price | Change |
| 1 Gram | ₹240 | +₹5 |
| 8 Gram | ₹1,920 | +₹40 |
| 10 Gram | ₹2,400 | +₹50 |
| 100 Gram | ₹24,000 | +₹500 |
| 1 Kilogram | ₹2,40,000 | +₹5,000 |
Why Did Silver Prices Rise Today?
Silver had been trading in a narrow range for days, but Wednesday brought a change in momentum. The rise came alongside a strong recovery in gold prices, as global bullion markets strengthened and investors once again turned towards precious metals.
Unlike gold, silver has a dual role in the economy. It is not only bought for jewellery and investment but is also a key industrial metal used in solar panels, electric vehicles, electronics, batteries and medical equipment. That means silver prices often react to both investment sentiment and expectations around industrial demand.
A weaker or stronger rupee, movements in international silver prices and changes in interest rate expectations can also influence domestic rates on a daily basis.
Silver Jewellery Cost Calculator (10 Grams)
If you’re planning to buy silver jewellery, remember that the final bill includes making charges and GST in addition to the metal’s value.
| Component | Amount |
| Silver Value | ₹2,400 |
| Making Charges (12%) | ₹288 |
| GST (3%) | ₹81 |
| Estimated Total | ₹2,769 |
Actual charges may vary depending on the jeweller and the design you choose.
Silver Rate in Chennai: Last 10 Days
| Date | 10 Gram | 100 Gram | 1 KG |
| Aug 5 | ₹2,400 | ₹24,000 | ₹2,40,000 (+₹5,000) |
| Aug 4 | ₹2,350 | ₹23,500 | ₹2,35,000 (0) |
| 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) |
Looking at the recent trend, silver had remained remarkably stable for almost a week. Today’s increase is the first meaningful move after several sessions of unchanged prices, suggesting that the market is once again responding to improving global cues. Whether this marks the beginning of a sustained rally or just a short-term bounce will depend on how international bullion markets perform over the next few days.
Invest in Silver ETF on HDFC Sky
For investors who want to invest in silver but don’t want to handle the storage or purity issues, Silver Exchange Traded Funds (ETFs) offer a simple way to get involved. These funds usually hold silver that is about 99.5% pure, which makes it trustworthy for investors. To start investing in silver ETFs, you need a demat and trading account, which is already used by many people who trade in stocks. On HDFC Sky let investors can buy ETFs quickly and easily.
Explore Silver ETFs:https://hdfcsky.com/etf/silver-etf
What Could Move Silver Prices Next?
Silver is generally more volatile than gold because its demand comes from both investors and industries. Going forward, prices are likely to react to:
- Global silver and gold prices
- Industrial demand from the solar and electronics sectors
- Inflation and interest rate expectations
- Rupee-dollar exchange rate movements
- ETF inflows and investor sentiment
- Geopolitical developments affecting commodity markets
Conclusion
After spending several days in a tight range, silver finally moved higher in Chennai on August 5, with prices rising to ₹240 per gram and ₹2,40,000 per kilogram. The gains mirror the strength seen across the broader bullion market and hint at improving sentiment among investors. While one day’s rise doesn’t necessarily signal a long-term trend, it does show that silver remains quick to respond whenever global markets turn favourable, making it a metal worth watching for both investors and jewellery buyers.
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