Silver prices in Chennai remained on the higher side compared with several other major Indian cities on February 10, 2026, even as overall silver rates in India witnessed a sharp correction.
As per the latest data, the price of silver in Chennai stood at Rs 3,000 per 10 grams. For larger quantities, silver was quoted at Rs 30,000 per 100 grams and Rs 3,00,000 per kilogram. The rates reflect the day’s revised pricing after a notable decline in national silver prices.
The Chennai silver rate remains higher than cities such as Mumbai, Delhi, Kolkata and Bengaluru, where silver is priced at Rs 2,900 per 10 grams and Rs 2,90,000 per kilogram. The premium in Chennai is typically attributed to regional demand patterns, local taxes and transportation costs, which can cause variations across cities despite a common national benchmark.
Silver prices across India declined sharply today, with the metal falling Rs 10 per gram and Rs 10,000 per kilogram compared with the previous session. The decline mirrors heightened volatility in global bullion markets, where silver has seen sharp swings after recent rallies and profit booking.
Domestic silver prices are largely influenced by international market movements, currency fluctuations and import-related costs. Any sharp movement in global silver prices is quickly reflected in city-wise rates, especially for bulk quantities such as 1 kg bars commonly used for investment and industrial purposes.
With silver witnessing increased volatility in recent sessions, buyers and traders in Chennai are closely tracking global cues for further direction in prices.
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