Silver Rate in India Today, August 24, 2026: Silver Jumps ₹49 per 10 gm on Monday

New Delhi, Aug 24: Silver prices in India rose on Monday morning, extending the gains seen through last week as the metal opened the new trading week on a strong note. Today’s national rate for silver stands at ₹2,600 per 10 grams, ₹26,000 per 100 grams, and ₹2,60,000 per kilogram. On a per-gram basis, that works out to ₹260, up from ₹255.10 on Friday. 

The move marks a gain of ₹49 per 10 grams, ₹490 per 100 grams, and ₹4,900 per kilogram over Friday’s national rate of ₹2,551 per 10 grams, ₹25,510 per 100 grams and ₹2,55,100 per kilogram — equivalent to a per-gram rise of ₹4.90, or close to 1.9%. The jump came even though Indian markets were shut over the weekend, with silver tracking a broader rally in global bullion prices that carried through to Monday’s opening trade. 

Silver price in India is determined largely by international prices, which move in either direction depending on global industrial demand, investment flows and mining supply. Currency movement also plays a part: if the rupee weakens against the dollar while international silver prices hold firm, the metal tends to become costlier in India. Monday’s sharp rise suggests both global prices and the rupee moved in silver’s favour over the weekend, extending the tailwinds that had already been building through last week. 

Dealers said Monday’s sharp rise in silver mirrored a similar rally in gold prices, with both precious metals opening the week higher on renewed safe-haven demand. Silver continues to trade more volatile than gold on a percentage basis, and traders said the metal’s near-term direction will likely hinge on fresh cues from the US Federal Reserve and any further escalation in US-Iran tensions, alongside industrial demand from electronics and solar-panel manufacturers. 

Market participants added that silver continues to draw interest from retail investors looking for a lower-cost alternative to gold, even as Monday’s sharp climb pushed prices to their highest level in recent sessions. Goodreturns provides silver prices in India for informational purposes only, and rates are updated daily based on data sourced from precious metals dealers across the country. 

City-Wise Silver Rates: Friday vs Monday 

The table below sets Friday’s (Aug 21) silver rates for 10 major Indian cities against Monday’s (Aug 24) rates, quoted per 10 grams, with the day-on-day change alongside. Chennai, Hyderabad and Kerala posted the sharpest gains at ₹149 per 10 grams, taking their rate to ₹2,750, while the remaining seven cities — Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad — rose by a smaller ₹49 per 10 grams to ₹2,600, in line with the national rate. 

Source: goodreturns.in/silver-rates 

On a per-kilogram basis, Monday’s rates translate to ₹2,75,000 in Chennai, Hyderabad and Kerala, and ₹2,60,000 in the remaining seven cities, up sharply from Friday’s levels of ₹2,60,100 and ₹2,55,100, respectively. Retail buyers are reminded that these are indicative bullion rates, and actual prices at silverware and jewellery counters will typically include additional making charges and applicable GST. 

Market watchers said Monday’s sharp rise in both gold and silver points to precious metals reasserting themselves as preferred safe-haven assets at the start of the new trading week. With silver’s industrial demand base adding an extra layer of price sensitivity compared with gold, dealers expect the white metal to remain more volatile in the sessions ahead, and advised buyers with near-term purchase plans to track rates closely. 

Historically, silver has traded at a small fraction of gold’s price per gram, and Monday’s sharp rise did little to change that broad relationship even as both metals climbed together. Analysts tracking the gold-silver ratio said the synchronised move suggests markets are responding to the same macro drivers across both metals, rather than any silver-specific supply disruption or demand shock. That said, silver’s added industrial-use component means it can occasionally decouple from gold during periods when manufacturing or green-energy demand shifts independently of investment sentiment. 

Investors who are looking to diversify beyond physical silver can also explore the list of Silver ETFs in India, which track silver prices without the need to store physical metal: https://hdfcsky.com/etf/silver-etf 

Jewellery Stocks Today 

Shares of jewellery companies with a meaningful presence in silverware and studded silver jewellery were mostly higher around 10:20 am on Monday as silver prices surged, with Senco Gold the standout gainer among the group. Vaibhav Global was the lone laggard, trading lower even as its silverware-focused peers advanced. 

Source

• NSE market data