Silver Rate in Chennai Today, July 15, 2026: Silver Prices Rebound to ₹240 Per Gram After Recent Weakness 

Chennai, July 15: Silver prices moved higher in Chennai on Wednesday, snapping a brief losing streak that had pushed the metal to one of its lowest levels this month. The recovery comes after back-to-back declines and suggests buyers have started returning as prices became more attractive. 

According to today’s retail rates, silver is priced at ₹240 per gram, up ₹5 from the previous session. On a larger scale, 1 kilogram of silver now costs ₹2,40,000, also higher by ₹5,000. 

While today’s gain has improved market sentiment, silver remains below the levels seen during the opening week of July. That leaves buyers in a better position than they were a few days ago, even after the latest recovery. 

Chennai Silver Rate Today 

Silver Shows Signs of Recovery After a Week of Weakness 

The first week of July saw silver trading at much stronger levels, with the metal touching ₹250 per gram. However, that momentum faded as prices corrected over the following sessions. 

Yesterday’s fall had taken silver to ₹235 per gram, its lowest level in over a week. 

Wednesday’s recovery has lifted prices back to ₹240 per gram, suggesting bargain buying has emerged after the recent decline. Although the rebound is encouraging, silver is still ₹10 per gram below this month’s high, indicating that the market has not yet recovered all of its recent losses. 

For investors who prefer digital exposure instead of holding physical silver, you can also check the list of Silver ETFs in India: https://hdfcsky.com/etf/silver-etf 

Silver Price in Chennai Today 

What Would 10 Grams of Silver Jewellery Cost Today? 

The quoted silver price only represents the value of the metal. Making charges and GST are added separately while purchasing silver jewellery. 

Based on today’s prices, assuming 12% making charges and 3% GST, here’s an estimate: 

The final amount may vary depending on the jeweller, design selected and making charges applied. 

10-Day Silver Price Trend 

• July 15: ₹2,40,000 (+₹5,000) 

• July 14: ₹2,35,000 (-₹5,000) 

• July 13: ₹2,40,000 (No change) 

• July 12: ₹2,40,000 (No change) 

• July 11: ₹2,40,000 (-₹5,000) 

• July 10: ₹2,45,000 (No change) 

• July 9: ₹2,45,000 (No change) 

• July 8: ₹2,45,000 (-₹5,000) 

• July 7: ₹2,50,000 (No change) 

• July 6: ₹2,50,000 (-₹10,000) 

The past ten trading sessions show that silver has been far more volatile than gold this month. After trading at ₹250 per gram during the first week of July, prices gradually weakened before posting today’s recovery. The rebound has improved sentiment, but silver continues to trade below its early-month highs. 

July Performance So Far 

Silver has lost ground compared with the beginning of July, reflecting the correction seen across precious metals over the past two weeks. Even after today’s recovery, prices remain below where they started the month, highlighting that the market is still recovering from recent weakness. 

Why Do Silver Prices Change Every Day? 

Silver prices are influenced by more than just jewellery demand. International silver prices, industrial demand, movements in the rupee against the US dollar, import costs and global economic developments all contribute to daily price changes. 

Unlike gold, silver also has significant industrial usage in sectors such as electronics, solar panels and manufacturing, making its prices more sensitive to changes in economic activity. 

Conclusion 

Silver prices in Chennai recovered on July 15, with the retail rate rising to ₹240 per gram and ₹2,40,000 per kilogram after two sessions of weakness. While the rebound has improved market sentiment, prices remain below the highs recorded earlier this month. Buyers may find current levels more attractive than those seen during the early-July rally, while investors will continue tracking global commodity trends for the market’s next move. 

Source: 

• Goodreturns | Silver prices updated for July 15, 2026.