Today’s Silver Rate in Chennai (16 February, 2026)

By Jagat Joshi
February 16, 2026
2:59 pm
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By Jagat Joshi
February 16, 2026

India Ahmedabad Mumbai Delhi Chennai Bangalore

Usually, the cost of silver in Chennai changes due to various factors. Recently, the government increased the tax rates on gold, which caused the silver rates to rise significantly. As usual, when the gold prices rise higher, the investors jump to silver for an alternative investment.

Today’s Silver Price in Chennai

Silver Weight	1 Kilogram
Silver Rate	₹2,92,900
Trend Today

Historical 1KG Silver Rate in Chennai

Date	1 kg Rate	Trend
16 February 2026	₹2,92,900
15 February 2026	₹2,93,000
14 February 2026	₹2,97,900
13 February 2026	₹3,13,100
12 February 2026	₹3,07,900
11 February 2026	₹3,07,900
10 February 2026	₹3,18,100
9 February 2026	₹3,02,900
8 February 2026	₹3,03,000
7 February 2026	₹2,92,900
6 February 2026	₹3,17,900
5 February 2026	₹3,38,100

Where are silver rates in Chennai headed?

One of the main factors that mostly influences the silver rates is the US Federal Reserve’s decision on interest rates. If the interest rates on silver rise higher internationally, then we can see the silver rate in Chennai. So far this year, the silver and gold rates have been increasing in Chennai. Some specialists also said that the price of silver will rise higher due to constant demand from the industrial sectors.

Where to store your Silver in Chennai?

After investing your money in silver, it is also important to store your silver in a safe place to protect its value. Here is how you can store your silver in Chennai safely as follows: Bank lockers are one of the safest places provided by the banks where you can store your silver safely.

If you want to store your silver at home, then you can invest in home safes and lockers, make sure to invest in a locker which is a high-quality, fireproof locker. You can also store the silver in private vaults & securities companies that offer 24/7 surveillance for safety, or instead of physical silver, you can opt for digital silver investment, which is stored by trusted institutions.

Frequently Asked Questions:

How to check today’s silver rate in Chennai?

To check the cost of silver in Chennai, investors can opt for IPOWatch, which is one of the leading websites in terms of providing accurate and updated details of the silver rate in Chennai every day.

Why do the silver rates in Chennai change?

Various factors influence silver prices to keep changing, such as the interest rates of developed countries and local demand for silver. In addition, local events and festivals in Chennai led to the silver price spiking.

What are the tax charges for purchasing silver in Chennai?

In Chennai, buying gold jewelry involves a 3% tax on the gold’s value and a 5% making charge under GST.

How can I figure out the purity of silver in Chennai?

We recommend purchasing silver from trusted brands of jewelers. Before investing in silver, make sure that the silver has a BIS hallmark certification to identify its purity.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.