Silver Price Today in Chennai

Today's silver price in Chennai is ₹233.8 per gram and ₹2,33,800 per kg for 999 fine silver. Prices are updated daily based on MCX silver futures and international LBMA spot rates, including applicable duties and GST.

Chennai's T. Nagar jewellers stock a wide range of silver pooja items — lamps, plates, and Vel (spear) idols for temple worship — alongside gold. The city's silverware trade also serves Tamil Nadu's large temple and household ritual silver demand.

Tamil households use silver 'kal' (anklets) for daily wear since gold anklets are culturally avoided, and silver 'uri' (lamps) and plates are essential for housewarming and wedding gifts. Silver purchases peak around Aadi and Diwali, when buying silver lamps is considered auspicious.

Buying tip: Chennai's silver vessel market is particularly strong — a full pooja set (lamp, plate, tumbler) bought locally is typically cheaper than in metro cities outside South India. Always weigh silverware separately from gemstone or gold inlay work, which is priced extra.

Silver prices in Chennai include Tamil Nadu state taxes and local dealer margins. GST of 3% is applicable on all silver purchases in India. For 925 sterling silver (used in most jewellery), the price per gram is approximately 7.5% lower than 999 fine silver. Always check for BIS hallmarking when buying silver jewellery.