Silver Rate in India Today: Silver Jumps ₹1,000 per 10 gm on Thursday 

New Delhi, Aug 20: Silver prices in India climbed sharply on Thursday, extending gains for a second straight session as the white metal tracked a firm move in global bullion markets. Today’s national rate for silver stands at ₹2,550 per 10 grams, ₹25,500 per 100 grams, and ₹2,55,000 per kilogram. On a per-gram basis, that works out to ₹255, up from ₹245 a day earlier. 

The rise marks a gain of ₹100 per 10 grams, ₹1,000 per 100 grams, and ₹10,000 per kilogram over Wednesday’s national rate of ₹2,450 per 10 grams, ₹24,500 per 100 grams and ₹2,45,000 per kilogram — equivalent to a per-gram rise of ₹10. In percentage terms, that puts Thursday’s gain at just over 4%, making it one of the sharper single-day moves silver has recorded in India this month. 

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 steady, the metal tends to become costlier in India, and Thursday’s rally appears to reflect a combination of firmer global prices and a softer rupee working in tandem. 

Dealers said Thursday’s jump in silver closely tracked the sharp rally seen in gold prices earlier in the day, with the two precious metals often moving in the same direction during periods of broad safe-haven buying. Silver, however, tends to be more volatile than gold on a percentage basis, and Thursday’s near 4% jump was noticeably steeper than gold’s own gain for the session. Traders attributed part of the move to renewed industrial demand expectations, given silver’s widespread use in electronics, solar panels and other manufacturing applications, alongside the same safe-haven flows that lifted gold. 

Market participants added that silver has increasingly drawn interest from retail investors looking for a lower-cost alternative to gold, and Thursday’s sharp rise is likely to renew that conversation even as it makes fresh purchases marginally more expensive. 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: Thursday vs Wednesday 

The table below sets Wednesday’s (Aug 19) silver rates for 10 major Indian cities against Thursday’s (Aug 20) rates, quoted per 10 grams, with the day-on-day change alongside. Unlike gold, where city premiums vary by purity, silver’s city-wise gain was uniform at ₹100 per 10 grams across all ten markets, meaning the relative pricing gap between cities held steady through the rally. Chennai, Hyderabad and Kerala continue to command the highest silver rates nationally at ₹2,600 per 10 grams, while Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad are quoted marginally lower at ₹2,550 per 10 grams. 

Source: goodreturns.in/silver-rates 

On a per-kilogram basis, Thursday’s rates translate to ₹2,60,000 in Chennai, Hyderabad and Kerala, and ₹2,55,000 in the remaining seven cities, up ₹10,000 across the board from Wednesday’s levels. 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 Thursday’s sharp rally in both gold and silver points to a broader wave of safe-haven buying sweeping through precious metals markets, rather than a move specific to either metal individually. 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 rather than assume Thursday’s levels will hold. 

Historically, silver has traded at a small fraction of gold’s price per gram, and Thursday’s move did little to change that broad relationship even as both metals rallied together. Analysts tracking the gold-silver ratio said the two metals’ near-simultaneous gains suggest the rally is being driven by macro factors common to both — such as a softer dollar and rising safe-haven demand — 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. 

Jewellery Stocks Today 

Shares of jewellery companies with a meaningful presence in silverware and studded silver jewellery were broadly higher on Thursday, tracking the sharp rally in bullion prices, with Vaibhav Global leading gains among the group. 

Source

•  NSE market data