Today Silver Rate in Chennai (05 March 2026): Per Kg, 100g & 10g
Disclaimer: Rates are indicative and may vary by jeweller. Making charges, wastage and GST (3%) may apply.
Silver Investment Guide for Chennai
Industrial Use & Jewelry
Taxation on Silver
Checklist Before Buying
2. For bullion (coins/bars), ensure 999 purity.
3. Verify weight carefully as silver is often sold in larger quantities.
Live Silver Price Trends in Chennai
As of 05 March 2026, the silver rate in Chennai is ₹2,95,000 per kg (999 fine silver). That works out to ₹29,500 per 100 grams and ₹2,950 per 10 grams. Silver prices are updated 6× daily from the MCX benchmark. Unlike gold, silver is also an industrial metal — global demand from electronics and solar panels impacts the price alongside currency movements. Use the weight selector above to check the exact price for the quantity you plan to buy.
Chennai and Tamil Nadu have a strong cultural tradition of gifting silver vessels, especially for weddings and house-warming ceremonies (griha pravesh), making Chennai one of India's larger retail silver markets. T. Nagar's jewellery district stocks a wide range of silver articles — from decorative items to investment coins — and rates are set by the CJBMA (Chennai Jewellers and Bullion Merchants Association), occasionally diverging slightly from MCX. For pure investment silver (999 fine bars), compare prices at wholesale dealers near the Parry's Corner area for the most competitive rates.
Chennai silver rate today (05 March 2026): ₹2,950/10g, ₹29,500/100g & ₹2,95,000/kg. Updated 6× daily.
Trend
| Date | Price / g | Change / g |
|---|---|---|
| 05 March 2026 | ₹295 | ₹0 (+0.00%) |
| 04 March 2026 | ₹295 | -₹20 (-6.35%) |
| 03 March 2026 | ₹315 | ₹0 (+0.00%) |
| 02 March 2026 | ₹315 | -₹10 (-3.08%) |
| 01 March 2026 | ₹325 | +₹5 (+1.56%) |
| 28 February 2026 | ₹320 | +₹25 (+8.47%) |
| 27 February 2026 | ₹295 | ₹0 (+0.00%) |
| 26 February 2026 | ₹295 | ₹0 (+0.00%) |
| 25 February 2026 | ₹295 | +₹5 (+1.72%) |
| 24 February 2026 | ₹290 | -₹10 (-3.33%) |
Silver Rate in Other Cities
FAQ
How is the silver rate in Chennai calculated?
The silver rate in Chennai is primarily determined by international prices (COMEX), the performance of the Indian Rupee against the Dollar, and local demand. Unlike gold, silver is an industrial metal, so global manufacturing demand also impacts the price in Chennai.
Should I buy silver in Chennai today?
Silver is often called the "poor man's gold" and is a popular investment. If the Chennai silver rate is currently consolidating or lower than the weekly peak, it may be a good time for bulk purchases like silver bars or utensils.
What are the different purities of silver available in Chennai?
The most common purities in Chennai are 999 (Fine Silver), used for coins and bars, and 925 (Sterling Silver), which is used for jewelry and silverware to ensure durability.
Are silver rates the same as gold rates in Chennai?
No, silver is much more affordable but more volatile than gold. While both respond to inflation, silver has a higher correlation with industrial production and economic cycles in Chennai.
Is there GST on silver in Chennai?
Yes, just like gold, a 3% Goods and Services Tax (GST) is applicable on the total value of silver purchased in Chennai. Making charges for silver articles also attract separate taxation.