Silver Price Today in Chennai — 15 May 2026
Last updated: 14 May 2026
| Weight | Silver |
|---|---|
| 1g | ₹288 |
| 8g | ₹2,304 |
| 10g | ₹2,880 |
| 100g | ₹28,800 |
| 1kg | ₹2,88,000 |
Chennai is one of India's active silver markets. Silver prices in Chennai typically align with national MCX rates, with minor variations based on local jeweller associations and state taxes. Today, silver in Chennai is priced at ₹288 per gram.
Silver demand in Chennai peaks during festivals and weddings. The city's jewellery market offers both traditional and modern silver designs. Making charges vary by design complexity.
Silver Market in Chennai
Chennai has a deep-rooted jewellery culture, with T. Nagar as a key retail hub and strong demand for traditional South Indian designs. Retail prices track national benchmarks while making charges vary based on craftsmanship and finishing.
Local tip: For traditional pieces, compare making charges and wastage policy—these often matter more than the day’s per-gram price.
Seasonal note: Pongal and the December–February wedding season typically bring strong demand and quicker design sell-outs.
Nearby cities: Coimbatore, Madurai
Silver prices in Chennai follow MCX benchmarks and vary based on local taxes, jeweller association rates, and seasonal demand — learn more →
Chennai vs Nearby Cities
Frequently Asked Questions
What is the silver price in Chennai today?
Today's silver price in Chennai is shown in the table above. Rates may vary slightly by jeweller.
Why does silver price differ between cities?
Silver prices differ due to state taxes, local association rates, and demand.
Where can I buy silver in Chennai?
Chennai has numerous jewellers selling silver. Look for purity marks and compare rates.
How is GST applied on silver?
GST of 3% applies on silver jewellery across India.
Gold & Silver Prices in Other Cities
Compare silver prices in Chennai with nearby cities: