Silver Rate Today 3 September 2026: State-Wise Prices

Silver Rate Today 3 September 2026: State-Wise Prices

New Delhi, September 3, 2026: Silver prices remain closely tracked by investors, traders and jewellery buyers across India. According to available market data for September 3, 2026, the national average silver price is around ₹246.10 per gram and ₹2,46,100 per kilogram. However, actual retail prices can vary across cities and markets because of local demand, taxes, logistics and market conditions.

Another market update published with an 8:00 AM timestamp placed the India silver benchmark at around ₹244.90 per gram and ₹2,45,000 per kilogram, highlighting the fact that silver prices can move during the day and may differ between data providers.

Silver Rate in India Today

The SilverJi market snapshot shows a national average of ₹246.10 per gram and an indicative GST-inclusive figure of about ₹253.48 per gram.

State-Wise Silver Rate on September 3, 2026

The following figures are indicative state-wise market rates based on representative city data. Silver does not have one uniform retail price fixed for every state, so local jewellers and bullion markets may quote slightly different rates.

*The available source lists Chandigarh as a representative market for Punjab & Haryana. Chandigarh itself is a Union Territory.

Silver Prices in Major Indian Cities

On September 3, the available city data showed silver at approximately ₹246.22 per gram in Mumbai, ₹244.51 in Delhi, ₹245 in Hyderabad, ₹245.73 in Bengaluru, ₹246.96 in Chennai and ₹245.49 in Kolkata.

A separate 8:00 AM market update reported 10-gram silver prices of approximately ₹2,499 in Chennai and Hyderabad, while Mumbai, Delhi, Kolkata, Bengaluru, Pune, Ahmedabad and Jaipur were around ₹2,449 per 10 grams.

What Determines Silver Prices in India?

Silver prices in India are influenced by several factors, including international bullion prices, the US dollar-rupee exchange rate, domestic demand, industrial consumption, import costs, taxes and overall market sentiment. Silver has significant industrial applications, particularly in electronics, solar panels and medical equipment.

Festival and wedding-season demand can also influence domestic precious-metal prices. Global economic developments and currency movements can lead to short-term changes in silver prices.

Should You Buy Silver Today?

Consumers planning to buy physical silver should not consider only the quoted per-gram or per-kilogram price. Buyers should also check purity, GST, making charges, dealer margins and the final billed amount.

Investors should also consider silver's price volatility and their own investment objectives before making a purchase. This article is for market information and should not be considered investment advice.

Conclusion

On September 3, 2026, silver is trading around the ₹245–₹246 per gram range across the available market benchmarks, although prices differ by city and data-provider timestamp. Buyers should confirm the latest local bullion or jeweller rate before making a purchase because quoted market prices are indicative and can change during the day.