The silver price in Chennai today, Thursday, March 5, 2026, is around Rs 295 per gram for 999 purity silver, according to the latest bullion market updates. At this level, 1 kilogram of silver in Chennai is priced at about Rs 2,95,000, reflecting current retail bullion rates in the city.
Silver price in Chennai today (March 5)
| Quantity | Price |
|---|---|
| 1 gram | Rs 295 |
| 10 grams | Rs 2,950 |
| 100 grams | Rs 29,500 |
| 1 kilogram | Rs 2,95,000 |
These prices represent physical silver rates for 999 purity in Chennai’s bullion market and generally exclude GST, dealer premiums, and making charges that may apply when purchasing silver jewellery, coins, or bars.
Why silver prices are moving today
Silver prices in India continue to track global precious metal trends, currency movements, and commodity market activity. Domestic bullion prices are influenced mainly by international silver prices and the rupee–US dollar exchange rate, which together determine the import cost of the metal.
Recently, precious metals have experienced volatility due to geopolitical tensions and fluctuations in global commodity markets, which have increased safe-haven demand while also triggering short-term profit booking.
Prices remain similar across major cities
Silver prices in Chennai, Mumbai, Delhi, Kolkata and Ahmedabad generally remain close to each other because they follow the same international benchmarks and import costs.
However, minor differences may occur depending on local demand, logistics costs, and jeweller margins, and prices can fluctuate throughout the day based on global market movements.