Silver Rate Today, August 7, 2026: Silver Prices Hold Steady Across Most Major Cities

New Delhi, Aug 7: Silver prices in India were largely unchanged on Friday, with the precious metal holding its ground after recent volatility. Unlike gold, which has continued to edge higher this week, silver traded in a narrow range, offering stability for buyers and investors alike.

According to today’s retail rates, silver is priced at ₹240 per gram and ₹2,40,000 per kilogram, unchanged from the previous session. While most major cities reported identical prices, southern markets such as Chennai, Hyderabad and Kerala continued to trade at a premium.

With prices remaining steady, the market appears to be taking a breather after recent movements, as traders await fresh cues from global precious metal markets.

Silver Rate in India Today

Silver Prices Pause After Recent Volatility

After witnessing sharp swings over the past few weeks, silver prices have entered a period of stability.

Friday’s unchanged rates suggest that buyers and traders are waiting for fresh triggers before making large bets. International precious metal prices, movements in the US dollar and expectations around global interest rates continue to influence sentiment, but for now, the domestic market has settled into a holding pattern.

For consumers planning festive purchases or investors looking at silver as a long-term asset, the absence of any major price movement may provide an opportunity to buy without worrying about sudden daily fluctuations.

Silver Price in India

Silver Rates Across Major Indian Cities

Silver prices remain broadly uniform across most parts of the country. However, Chennai, Hyderabad and Kerala continue to quote higher rates than several other major cities. These differences are usually due to local demand, transportation costs, taxes and jewellers’ pricing practices.

What Would 10 Grams of Silver Jewellery Cost Today?

The listed silver price reflects only the value of the metal. Jewellery purchases also include making charges and GST.

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

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

Silver Market Trend

Unlike gold, which has continued its upward climb this week, silver has taken a different path. Prices have remained unchanged, suggesting the market is waiting for fresh direction rather than reacting to every global development.

That doesn’t necessarily indicate weak demand. In fact, periods of price consolidation are common after bouts of volatility. They often give buyers and investors time to assess market conditions before the next significant move.

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Why Do Silver Prices Differ Across Cities?

Although silver is traded in a national market, retail prices aren’t always identical across India.

Factors such as transportation costs, local taxes, dealer margins and regional demand can create small differences between cities. Southern markets, where silver jewellery and utensils enjoy stronger demand, often quote slightly higher prices than many northern and western cities.

What Drives Silver Prices?

Silver prices are influenced by a combination of domestic and international factors. Global spot prices, industrial demand, currency movements, inflation expectations and investor sentiment all play a role in determining daily rates.

Unlike gold, silver also has significant industrial applications in sectors such as electronics, solar panels and electric vehicles, making its price sensitive to both investment demand and economic activity.

Conclusion

Silver prices in India remained unchanged on Friday, with the metal trading at ₹240 per gram and ₹2,40,000 per kilogram across most major cities. While the market paused after recent fluctuations, underlying demand and global developments will continue to shape its next move. Investors and buyers will now be watching international precious metal markets for fresh cues in the coming sessions.

Source:

• Goodreturns | Silver prices updated for August 7, 2026.