Silver Rate Today 18 August 2026: State-Wise Prices

Silver Rate Today, 18 August 2026

New Delhi, 18 August 2026: Silver prices remained under pressure in the Indian market on Tuesday, with rates varying across cities and local bullion markets. As per the latest market data, the standard silver rate in India is around ₹234 per gram, ₹2,340 per 10 grams, ₹23,400 per 100 grams and ₹2,34,000 per kilogram. The rate was ₹237 per gram and ₹2,37,000 per kg on August 17, indicating a decline of about ₹3,000 per kg.

Silver prices can differ from one location to another because of local demand, transportation costs, taxes, dealer margins and market conditions. Therefore, the rates below should be considered indicative market rates, and buyers should confirm the final rate with a local jeweller or bullion dealer before making a purchase.

Silver Rate Today in India: 18 August 2026

Moneycontrol's latest data for August 18 lists the standard rate at ₹234 per gram and ₹2,34,000 per kilogram.

State-Wise Silver Rate Today, 18 August 2026

The following table provides an indicative state-wise reference based on the latest available market benchmarks. Actual retail silver prices can vary by city, purity, dealer and applicable charges.

For comparison, current published data shows Karnataka at about ₹2,43,900 per kg, while several Tamil Nadu markets such as Trichy, Erode and Vellore are around ₹2,55,000 per kg.

Silver Rate in Major Indian Cities

According to the latest standard-rate data for August 18, silver is around ₹234 per gram in Delhi, Mumbai, Chennai, Hyderabad, Bengaluru, Jaipur, Kolkata, Pune and Ahmedabad. Lucknow is listed higher at around ₹257 per gram.

Mumbai's latest listed standard rate is ₹2,34,000 per kg, compared with ₹2,37,000 per kg on the previous day.

Silver Price Trend

Silver has witnessed noticeable volatility during August 2026. The standard India rate moved from ₹2,30,000 per kg on August 8 to ₹2,37,000 on August 17 before declining to ₹2,34,000 per kg on August 18.

Some regional markets have shown different movements. For example, Goodreturns lists Ludhiana silver at ₹2,50,000 per kg on August 18, compared with ₹2,35,000 at the beginning of August.

Why Does the Silver Rate Change Daily?

Silver prices are influenced by several domestic and international factors. These include:

• International silver prices
• US dollar and rupee movement
• Global economic conditions
• Industrial demand for silver
• Jewellery and investment demand
• Import costs and duties
• Local bullion-market demand
• Government policies and taxes
• Festive and wedding-season demand

Market data also indicates that global market movements, demand-supply conditions, political factors and government policies can affect silver prices in India.

Silver Investment: What Should Buyers Check?

People buying silver coins, bars, jewellery or utensils should check the purity, weight, making charges, GST and dealer price before completing a transaction. The quoted market rate may not be the final amount payable for jewellery or other finished silver products.

For investment purposes, buyers should also compare rates from multiple established dealers and understand the difference between the benchmark bullion price and the final retail price.

Silver Rate Today: Important Note

Silver rates change throughout the market and may differ between cities and dealers. The figures mentioned in this article are indicative and are intended for information purposes only. Moneycontrol also notes that its displayed rates are indicative and recommends confirming the exact prevailing rate with a local jeweller.

Disclaimer: Silver prices are market-sensitive and can change during the day. The rates mentioned above should not be treated as investment advice. Always verify the latest rate, purity, GST and other applicable charges with your local bullion dealer before buying or selling silver.