Stay informed with the latest silver prices in Chennai for smarter investments
Buying silver and gold during festivities has always been considered auspicious in India. It has been a mode of investment in physical assets for various households. On the other hand, institutional investors have always seen silver as a way to diversify their portfolios and avoid the risk of concentration.
You can invest in silver through various investment channels including:
Physical silver in the form of jewellery, coins, and bars
Silver Exchange-Traded Funds (ETFs)
Silver investment in India’s futures market
However, if you wish to buy silver either for savings or investment purposes, you must be aware of the prevailing silver rate in Chennai. This would help you make the right decision about how much silver to buy and when to purchase it.
So, read on to find out about the silver rate today in Chennai and what are the factors that influence its prices.
Before you decide to buy silver, it is advisable to check the silver price today in Chennai. Based on the prevailing silver price in Chennai, you can decide how much you want to invest in this precious metal.
To help you finalise your investment in this hard asset, the following table shows the silver per gram rate in Chennai:
Quantity of silver (in grams) |
Silver Price in Chennai |
01 |
₹101.00 |
10 |
₹1,010.00 |
100 |
₹10,100.00 |
1000 (1 kg) |
₹1,01,00.00 |
Disclaimer: Rates are as of December 13, 2024 and are subject to change.
Silver is an attractive option for investment for those who wish to buy physical assets. Moreover, its affordability makes it the best investment instrument for you if you are low on funds and cannot invest in the yellow metal.
However, before purchasing silver for investment purposes, you must know that silver prices in Chennai fluctuate daily. The following table presents the trends of silver rates in Chennai in the last 10 days:
Date |
1 Gram Silver Price in Chennai |
10 Grams Silver Price in Chennai |
100 Grams Silver Price in Chennai |
1 Kg Silver Price in Chennai |
Change in Silver Rate in Chennai Per Kg |
Dec 13, 2024 |
₹101.00 |
₹1,010.00 |
₹10,100.00 |
₹1,01,000.00 |
-₹3,000.00 |
Dec 12, 2024 |
₹104.00 |
₹1,040.00 |
₹10,040.00 |
₹1,04,000.00 |
₹1,000.00 |
Dec 11, 2024 |
₹103.00 |
₹1,030.00 |
₹10,030.00 |
₹1,03,000.00 |
-₹1,000.00 |
Dec 10, 2024 |
₹104.00 |
₹1,040.00 |
₹10,040.00 |
₹1,04,000.00 |
₹4,500.00 |
Dec 09, 2024 |
₹100.00 |
₹1,000.00 |
₹10,000.00 |
₹1,00,000.00 |
₹0.00 |
Dec 08, 2024 |
₹100.00 |
₹1,000.00 |
₹10,000.00 |
₹1,00,000.00 |
₹0.00 |
Dec 07, 2024 |
₹100.00 |
₹1,000.00 |
₹10,000.00 |
₹1,00,000.00 |
₹0.00 |
Dec 06, 2024 |
₹101.00 |
₹1,010.00 |
₹10,100.00 |
₹1,01,000.00 |
₹0.00 |
Dec 05, 2024 |
₹101.00 |
₹1,010.00 |
₹10,100.00 |
₹1,01,000.00 |
₹1,500.00 |
Dec 04, 2024 |
₹99.50 |
₹995.00 |
₹9,950.00 |
₹99,500.00 |
₹0.00 |
There are many factors that influence the silver price in Chennai, these include supply and demand metrics, transportation costs, economic situation, etc.
There are many factors that determine the silver price in Chennai. These factors include demand and supply, inflation, geopolitical situation, Central Bank policies, etc.
You can invest in physical silver like silver jewellery, coins, and bars. Other than that, you can also invest in silver through silver Exchange-traded Funds (ETFs) and futures markets.
Yes, a 3% GST is levied on silver which impacts silver prices in Chennai.
BIS-recognised Grade 9999 silver is considered the purest in the country.