Silver Rate Today 20 August 2026: State-Wise Prices

New Delhi, August 20, 2026: Silver prices remained volatile in the Indian market on Thursday, with retail rates differing across states and cities. Current market reports put silver around the ₹2.40 lakh-per-kg level, although retail quotations can vary depending on location, purity, taxes, dealer premiums and other local charges.

For buyers and investors tracking the silver rate today, the indicative state-wise prices below provide a useful reference for 1 gram and 1 kg of silver. The figures are based on the latest available state and city-wise retail data for 20 August 2026.

Silver Rate Today in India

The broader Indian silver market is currently around ₹240 per gram, or approximately ₹2.40 lakh per kg, according to current market references. Mint reported ₹2,403 per 10 grams and ₹2,40,370 per kg on August 20, while other retail sources show variations across individual markets.

State-Wise Silver Rate on 20 August 2026

The state-level figures show that rates are relatively close across most markets, while Bihar and Jharkhand are quoted higher in the referenced retail data. CreditMantri's August 20 data lists state and city-level silver prices ranging from roughly ₹2.38 lakh to ₹2.44 lakh per kg across the markets shown.

Silver Rate in Major Cities Today

Among major markets, the referenced data shows Chennai at about ₹2,39,654 per kg, Mumbai at ₹2,38,358, Delhi at ₹2,39,220, Kolkata at ₹2,39,029, Bengaluru at ₹2,38,333 and Hyderabad at ₹2,38,667. Ahmedabad and Jaipur are around ₹2,39,458 and ₹2,39,220 per kg respectively.

Why Is the Silver Rate Changing?

Several factors influence the daily silver price in India:

• International silver prices: Global bullion movements directly influence Indian prices.
• US dollar and rupee movement: Changes in the USD/INR exchange rate can affect the landed cost of silver.
• Industrial demand: Silver is widely used in electronics, solar technology and other industrial applications.
• Investment demand: Demand for silver bars and coins can increase during periods of market uncertainty.
• Local demand and supply: Regional bullion demand, transportation and dealer premiums can create differences between states and cities.
• Taxes and charges: The final price paid by consumers can differ from the quoted bullion rate because of applicable taxes, dealer margins and product-specific charges.

Silver's industrial role is particularly important because the metal is used in electronics, solar panels and other technologies, in addition to jewellery and investment products.

Silver Rate vs MCX Price

Retail silver rates should not be confused with the MCX silver futures price. On August 20, market reporting showed MCX silver futures around the ₹2.40 lakh-per-kg level at the time of reporting, while retail rates in different markets could be higher or lower.

What Buyers Should Check Before Purchasing Silver

Anyone planning to buy silver today should check the purity, weight, quoted bullion rate, GST, making charges and dealer premium before completing the purchase. Jewellery and decorative silver products can cost considerably more than the raw silver rate because of workmanship and other charges.

For investment purposes, buyers should also compare the price of silver bars or coins with the prevailing market rate rather than relying only on jewellery prices.

Silver Rate Today: Key Takeaway

On 20 August 2026, silver continues to trade at elevated levels, with the broad Indian market around ₹2.40 lakh per kg and state-wise retail quotations generally ranging around ₹2.38 lakh–₹2.44 lakh per kg in the referenced data. Because silver prices can change during the day, buyers should verify the latest local jeweller or bullion-market quote before making a purchase.

Disclaimer: Silver prices are indicative and can change during the day. Actual prices may vary by city, purity, dealer, taxes, premiums and other applicable charges.