Silver Price Today in Madurai — 31 March 2026
Last updated: 30 March 2026
| Weight | Silver |
|---|---|
| 1g | ₹229 |
| 8g | ₹1,832 |
| 10g | ₹2,290 |
| 100g | ₹22,900 |
| 1kg | ₹2,29,000 |
Madurai is one of India's active silver markets. Silver prices in Madurai typically align with national MCX rates, with minor variations based on local jeweller associations and state taxes. Today, silver in Madurai is priced at ₹229 per gram.
Silver demand in Madurai peaks during festivals and weddings. The city's jewellery market offers both traditional and modern silver designs. Making charges vary by design complexity.
30-Day Silver Price Trend in Madurai
Factors Affecting Silver Price in Madurai
Silver prices in Madurai follow MCX benchmarks, influenced by global spot prices, rupee-dollar exchange rates, and import duties. Industrial demand also affects silver rates.
State taxes in Tamil Nadu apply to silver jewellery. GST of 3% is uniform, but local levies may create small city-to-city differences.
Demand cycles in Madurai—during festivals, weddings, and local occasions—can cause short-term price fluctuations at the retail level.
Madurai vs Nearby Cities
| City | Price (₹/g) | Variation |
|---|---|---|
| Madurai | ₹229 | -0.75% |
| Bhubaneswar | ₹229 | -0.74% |
| Mysore | ₹229 | -0.75% |
| Tiruchirappalli | ₹229 | -0.67% |
| Varanasi | ₹229 | -0.67% |
| Srinagar | ₹229 | -0.75% |
Frequently Asked Questions
What is the silver price in Madurai today?
Today's silver price in Madurai 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 Madurai?
Madurai 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 Madurai with nearby cities: