Silver Hits 2,600 Rupees in South, National Rate Holds at 2,500

Silver prices in Chennai, Hyderabad, and Kerala rose to 2,600 rupees per 10 grams on Monday. This marks a sharp increase of 101 rupees from Friday's closing rates in those specific markets.

Seven other major Indian cities kept their prices steady at 2,500 rupees per 10 grams. The national average remained unchanged at 250 rupees per gram, reflecting stable international benchmarks.

Regional Price Divergence Emerges

The price jump in southern markets reversed a trend seen during the previous week. These cities previously traded at a slight discount, now holding a distinct premium over the rest of the country.

Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad all maintained the 2,500 rupee level. Local supply and demand factors appear marginal compared to the impact of global pricing signals.

Investment Options and Costs

Retail buyers often view silver as a lower-cost entry point into precious metals. The per-gram price remains significantly lower than gold, making it accessible for smaller investment amounts.

Physical purchases include making charges and a 3 percent GST levy on metallic silver. Investors seeking to avoid storage issues may prefer Silver ETFs, which track market prices directly.

Market Data and Sources

The data reflects dealer-forum rates across major Indian cities for September 21, 2026. These figures are indicative and can fluctuate throughout the trading day based on global movements.

HDFC Sky reports that dealers advise confirming final prices before purchase. The source cites Goodreturns.in for the underlying city-wise rate comparisons used in this analysis.