Silver Price Today, August 8, 2026: Silver prices in India edged lower on Saturday, with the precious metal declining marginally compared with the previous day.
The silver price in India stands at ₹239.90 per gram, ₹2,399 per 10 grams, and ₹2,39,900 per kg on August 8, 2026. On August 7, silver was priced at ₹240 per gram and ₹2,40,000 per kg.
Silver Price Today in India
| Weight | Silver Price |
|---|---|
| 1 gram | ₹239.90 |
| 10 grams | ₹2,399 |
| 100 grams | ₹23,990 |
| 1 kg | ₹2,39,900 |
Silver prices have remained elevated during the first week of August. The rate was around ₹2,35,000 per kg on August 1 and climbed to ₹2,40,000 per kg before easing slightly to ₹2,39,900 per kg on August 8.
City-Wise Silver Rates Today
Silver prices can vary slightly across different cities in India. Chennai, Hyderabad and Kerala are among the markets where silver is quoted at ₹2,499 per 10 grams, while several other major cities are around ₹2,399 per 10 grams.
| City | Silver Price / 10g | Silver Price / 100g | Silver Price / kg |
|---|---|---|---|
| Chennai | ₹2,499 | ₹24,990 | ₹2,49,900 |
| Mumbai | ₹2,399 | ₹23,990 | ₹2,39,900 |
| Delhi | ₹2,399 | ₹23,990 | ₹2,39,900 |
| Kolkata | ₹2,399 | ₹23,990 | ₹2,39,900 |
| Bangalore | ₹2,399 | ₹23,990 | ₹2,39,900 |
| Hyderabad | ₹2,499 | ₹24,990 | ₹2,49,900 |
| Kerala | ₹2,499 | ₹24,990 | ₹2,49,900 |
| Pune | ₹2,399 | ₹23,990 | ₹2,39,900 |
| Vadodara | ₹2,399 | ₹23,990 | ₹2,39,900 |
| Ahmedabad | ₹2,399 | ₹23,990 | ₹2,39,900 |
Silver Price Trend in August
Silver has maintained a positive trend during the first week of August. The India rate increased from ₹2,35,000 per kg on August 1 to ₹2,39,900 per kg on August 8, representing a rise of around 2.09%.
The latest movement was relatively small, with silver declining by ₹100 per kg from the previous day’s ₹2,40,000 per kg.
What Affects Silver Prices?
Several factors, including international silver prices, movements in the Indian rupee against the US dollar, industrial demand and global market conditions influence Silver prices.
Changes in international prices and currency movements can directly affect domestic silver rates. Demand from industries such as electronics, solar energy and manufacturing can also influence the precious metal’s price.
For buyers, the quoted silver rate may not be the final amount payable. GST, making charges and other applicable costs can increase the final purchase price.
Disclaimer: Silver prices are indicative and may vary between cities, dealers and jewellers. The actual buying price may differ depending on applicable taxes, making charges and other costs.
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