Silver Rate Today 31 August 2026: State-Wise Prices

Silver Rate Today 31 August 2026: Check State-Wise Prices

New Delhi, August 31, 2026: Silver prices remained different across Indian markets on the last day of August, with local bullion markets showing noticeable variations. Available state and city-wise data shows relatively higher silver prices in markets such as Gujarat, Kerala and Uttar Pradesh, while Karnataka, Punjab and West Bengal are among the lower-priced major markets.

The rates below refer to 999-purity silver and are indicative market references. Actual retail prices can vary depending on the city, jeweller, purity, GST, local demand and other applicable charges.

Silver Rate Today: State-Wise Prices on August 31, 2026

India Today's August 31 data lists Gujarat and Kerala at ₹2,78,900 per kg, Telangana and Uttar Pradesh at ₹2,75,900, Rajasthan and Tamil Nadu at ₹2,72,900, Haryana at ₹2,71,900, and Karnataka, Punjab and West Bengal at ₹2,66,900 per kg.

Where Is Silver Most Expensive Today?

Among the major states covered by the available data, Gujarat and Kerala are at the higher end, with silver around ₹2,78,900 per kg. Uttar Pradesh and Telangana are around ₹2,75,900 per kg.

In Thiruvananthapuram, 999-purity silver was reported at ₹2,78,900 per kg, or ₹2,789 per 10 grams, on August 31.

Haryana's 999-purity silver rate stood at ₹2,71,900 per kg, or ₹2,719 per 10 grams.

Why Are Silver Prices Different Across States?

Silver prices are influenced by international bullion prices, the rupee-dollar exchange rate, industrial demand, investment demand, imports, local supply and demand, and government policies. Local market conditions can therefore result in different prices from one city to another.

Global precious-metal sentiment was also under pressure on August 31, with expectations around US Federal Reserve policy and a stronger dollar affecting bullion markets.

What Buyers Should Check Before Purchasing Silver

Before buying silver, consumers should check the purity, weight, GST, making or wastage charges, invoice and seller credentials. For investment purchases, buyers should also verify the purity and resale conditions of silver bars or coins.

Conclusion:
Silver prices on August 31, 2026 remain dependent on the local bullion market and can vary between cities even within the same state. Buyers should therefore confirm the latest local jeweller's rate before making a purchase. The prices mentioned above are indicative and may not represent the final billed amount.