Today’s Silver Rate in Chennai (2 May, 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₹2,73,000
Trend TodayIPO GMP UP

Historical 1KG Silver Rate in Chennai

Date1 kg RateTrend
2 May 2026₹2,73,000IPO GMP UP
1 May 2026₹2,68,000IPO GMP UP
30 April 2026₹2,68,000IPO GMP Down
29 April 2026₹2,78,000IPO GMP UP
28 April 2026₹2,65,000IPO GMP Down
27 April 2026₹2,78,000IPO GMP UP
26 April 2026₹2,78,000IPO GMP UP
25 April 2026₹2,78,000IPO GMP UP
24 April 2026₹2,78,000IPO GMP UP
23 April 2026₹2,78,000IPO GMP Down
22 April 2026₹2,83,000IPO GMP UP
21 April 2026₹2,83,000IPO GMP Down
20 April 2026₹2,93,000IPO GMP UP
19 April 2026₹2,93,000IPO GMP UP
18 April 2026₹2,93,000IPO GMP UP
17 April 2026₹2,88,100IPO GMP UP
16 April 2026₹2,88,100IPO GMP UP
15 April 2026₹2,88,000IPO GMP UP
14 April 2026₹2,73,000IPO GMP UP
13 April 2026₹2,73,000IPO GMP Down
12 April 2026₹2,78,000IPO GMP UP
11 April 2026₹2,78,000IPO GMP UP
10 April 2026₹2,73,000IPO GMP UP
9 April 2026₹2,73,000IPO GMP Down
8 April 2026₹2,78,000IPO GMP UP
7 April 2026₹2,68,000IPO GMP UP
6 April 2026₹2,68,000IPO GMP UP
5 April 2026₹2,68,000IPO GMP UP
4 April 2026₹2,68,000IPO GMP UP
3 April 2026₹2,68,000IPO GMP UP
2 April 2026₹2,68,000IPO GMP Down
1 April 2026₹2,73,000IPO GMP UP
31 March 2026₹2,63,000IPO GMP UP
30 March 2026₹2,63,000IPO GMP UP
29 March 2026₹2,63,000IPO GMP UP
28 March 2026₹2,58,000IPO GMP UP
27 March 2026₹2,58,000IPO GMP Down
26 March 2026₹2,68,000IPO GMP UP
25 March 2026₹2,68,000IPO GMP UP
24 March 2026₹2,53,000IPO GMP Down
23 March 2026₹2,62,900IPO GMP Down
22 March 2026₹2,63,000IPO GMP Down
21 March 2026₹2,72,900IPO GMP Down
20 March 2026₹2,78,000IPO GMP UP
19 March 2026₹2,78,000IPO GMP Down
18 March 2026₹2,93,000IPO GMP UP
17 March 2026₹2,93,000IPO GMP UP
16 March 2026₹2,93,000IPO GMP UP
15 March 2026₹2,93,000IPO GMP UP
14 March 2026₹2,98,000IPO GMP UP
13 March 2026₹2,98,000IPO GMP UP
12 March 2026₹2,98,000IPO GMP Down
11 March 2026₹3,08,000IPO GMP UP
10 March 2026₹3,02,900IPO GMP UP
9 March 2026₹3,02,900IPO GMP Down
8 March 2026₹3,03,000IPO GMP UP
7 March 2026₹3,02,900IPO GMP UP
6 March 2026₹3,02,900IPO GMP UP
5 March 2026₹3,02,900IPO GMP Down
4 March 2026₹3,12,900IPO GMP Down
3 March 2026₹3,33,100IPO GMP UP
2 March 2026₹3,12,900IPO GMP Down
1 March 2026₹3,13,000IPO GMP UP
28 February 2026₹3,02,900IPO GMP UP
27 February 2026₹2,96,900IPO GMP Down
26 February 2026₹2,97,000IPO GMP UP
25 February 2026₹3,02,900IPO GMP Down
24 February 2026₹3,18,100IPO GMP UP
23 February 2026₹2,92,900IPO GMP Down
22 February 2026₹2,93,000IPO GMP UP
21 February 2026₹,287,900IPO GMP Down
20 February 2026₹2,88,100IPO GMP UP
19 February 2026₹2,72,900IPO GMP Down
18 February 2026₹2,77,900IPO GMP Down
17 February 2026₹2,85,900IPO GMP Down
16 February 2026₹2,92,900IPO GMP Down
15 February 2026₹2,93,000IPO GMP Down
14 February 2026₹2,97,900IPO GMP Down
13 February 2026₹3,13,100IPO GMP UP
12 February 2026₹3,07,900IPO GMP UP
11 February 2026₹3,07,900IPO GMP Down
10 February 2026₹3,18,100IPO GMP UP
9 February 2026₹3,02,900IPO GMP Down
8 February 2026₹3,03,000IPO GMP UP
7 February 2026₹2,92,900IPO GMP Down
6 February 2026₹3,17,900IPO GMP Down
5 February 2026₹3,38,100IPO GMP UP

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.

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