Today’s Silver Rate in Chennai (12 August, 2026)

Usually, the cost of silver in Chennai changes due to various factors. The majority of Chennai people often purchase silver due to their unique festivals.

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.

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 Weight1 Kilogram
Silver Rate₹2,73,100
Trend TodayIPO GMP UP

Historical 1KG Silver Rate in Chennai

Date1 kg RateTrend
12 August 2026₹2,73,100IPO GMP UP
11 August 2026₹2,62,900IPO GMP UP
10 August 2026₹2,62,900IPO GMP Down
9 August 2026₹2,63,000IPO GMP UP
8 August 2026₹2,44,900IPO GMP Down
7 August 2026₹2,57,900IPO GMP Down
6 August 2026₹2,58,100IPO GMP UP
5 August 2026₹2,23,900IPO GMP Down
4 August 2026₹2,43,900IPO GMP Down
3 August 2026₹2,52,900IPO GMP Down
2 August 2026₹2,53,000IPO GMP UP
1 August 2026₹2,52,900IPO GMP UP
31 July 2026₹2,39,900IPO GMP UP
30 July 2026₹2,23,900IPO GMP Down
29 July 2026₹2,34,900IPO GMP Down
28 July 2026₹2,44,900IPO GMP UP
27 July 2026₹2,39,900IPO GMP Down
26 July 2026₹2,49,000IPO GMP UP
25 July 2026₹2,40,000IPO GMP UP
24 July 2026₹2,39,900IPO GMP Down
23 July 2026₹2,45,100IPO GMP UP
22 July 2026₹2,40,100IPO GMP UP
21 July 2026₹2,35,100IPO GMP UP
20 July 2026₹2,29,900IPO GMP Down
19 July 2026₹2,30,000IPO GMP UP
18 July 2026₹2,29,900IPO GMP Down
17 July 2026₹2,52,900IPO GMP UP
16 July 2026₹2,43,900IPO GMP UP
15 July 2026₹2,23,900IPO GMP Down
14 July 2026₹2,39,900IPO GMP Down
13 July 2026₹2,52,900IPO GMP Down
12 July 2026₹2,53,000IPO GMP Down
11 July 2026₹2,58,100IPO GMP UP
10 July 2026₹2,52,900IPO GMP Down
9 July 2026₹2,63,100IPO GMP UP
8 July 2026₹2,62,800IPO GMP Down
7 July 2026₹2,62,900IPO GMP Down
6 July 2026₹2,77,900IPO GMP UP
5 July 2026₹2,68,000IPO GMP Down
4 July 2026₹2,68,100IPO GMP UP
3 July 2026₹2,63,100IPO GMP UP
2 July 2026₹2,58,100IPO GMP UP
1 July 2026₹2,52,900IPO GMP UP
30 June 2026₹2,44,900IPO GMP Down
29 June 2026₹2,57,900IPO GMP Down
28 June 2026₹2,58,000IPO GMP Down
27 June 2026₹2,58,100IPO GMP UP
26 June 2026₹2,52,900IPO GMP UP
25 June 2026₹2,24,000IPO GMP Down
24 June 2026₹2,62,900IPO GMP UP
23 June 2026₹2,58,900IPO GMP Down
22 June 2026₹2,67,900IPO GMP Down
21 June 2026₹2,68,000IPO GMP UP
20 June 2026₹2,67,900IPO GMP Down
19 June 2026₹2,77,900IPO GMP Down
18 June 2026₹2,69,900IPO GMP Down
17 June 2026₹2,82,900IPO GMP Down
16 June 2026₹2,83,100IPO GMP UP
15 June 2026₹2,77,900IPO GMP Down
14 June 2026₹2,78,000IPO GMP Down
13 June 2026₹2,78,100IPO GMP UP
12 June 2026₹2,67,900IPO GMP UP
11 June 2026₹2,67,900IPO GMP UP
10 June 2026₹2,59,000IPO GMP Down
9 June 2026₹2,77,900IPO GMP Down
8 June 2026₹2,82,900IPO GMP Down
7 June 2026₹2,83,000IPO GMP Down
6 June 2026₹2,92,900IPO GMP Down
5 June 2026₹2,97,900IPO GMP Down
4 June 2026₹2,98,000IPO GMP UP
3 June 2026₹2,97,900IPO GMP UP
2 June 2026₹2,97,900IPO GMP UP
1 June 2026₹2,97,900IPO GMP Down

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.

Join WhatsApp Channel