Silver Price Today, August 3: Rs 2,34,900 Per Kg in India as Global Spot Silver Holds Near $59

The silver price today stands at Rs 234.90 per gram and Rs 2,34,900 per kilogram in the Indian domestic market, down Rs 100 per kg compared with the previous session. Although the decline was modest, silver has remained under mild pressure in recent sessions.

Click Here – Get Free Investment Predictions

The silver price today reflects a broader pullback from recent highs: the metal has eased from Rs 2,40,000 per kg on July 27 to Rs 2,34,900 per kg today, a decline of roughly 2.1% over about a week. Globally, spot silver was trading around $59.19 per ounce, equivalent to about $1,903 per kilogram, according to international bullion trackers.

Metric	Value
Silver (domestic, per gram)	Rs 234.90
Silver (domestic, per kg)	Rs 2,34,900 (down Rs 100)
Silver (global spot, per oz)	~$59.19
24K gold (context, per gram)	Rs 14,421 (down Rs 1)

Silver Price Today: The Bigger Picture

To put today's move in context, the metal touched a nominal all-time high of $121.67 per troy ounce on January 29, 2026, before correcting sharply over the following months. Even after that pullback, silver remains well above levels seen through most of 2024 and 2025, supported by a stretched gold-silver ratio and a run of consecutive supply deficits in the physical market. That deficit has been driven by strong industrial offtake running ahead of mine and recycled supply, a structural factor that analysts say continues to underpin prices even during short-term pullbacks such as today's.

Track silver-linked and commodity-sensitive stocks on the Univest Screener

Why the Silver Price Today Is Under Pressure

Silver, unlike gold, carries significant industrial demand from sectors such as solar panels, electric vehicles and electronics, alongside its role as a monetary and investment metal. The modest dip comes even as domestic gold rates stayed largely steady, with 24-carat gold down just Re 1 per gram and MCX gold futures little changed, suggesting the move in silver is more metal-specific than a broad bullion sell-off.

Download the Univest iOS App or Univest Android App to track silver price today and precious metal-linked stocks live.

Silver Price Today Across Indian Cities

Silver prices have remained largely uniform across major Indian cities today, with local jewellers typically adding making charges and GST on top of the base bullion rate. Investors and buyers should check with local jewellers for the exact retail price, since the silver price today quoted on bullion trackers reflects wholesale, ex-GST rates rather than final retail pricing. Rates in cities such as Mumbai, Delhi, Chennai and Jaipur have historically tracked the national benchmark closely, with only small variations tied to local taxes and transport costs.

Conclusion

The silver price today eased modestly to Rs 2,34,900 per kg in India, extending a gentle pullback from the Rs 2,40,000 per kg level seen in late July, even as the metal remains well up from levels seen before its sharp 2025-2026 rally. Investors tracking the silver price today should watch global spot trends and domestic demand closely, and consult a SEBI-registered advisor before making investment decisions.

Frequently Asked Questions

What is the silver price today in India?

Ans. The silver price today in India is Rs 234.90 per gram and Rs 2,34,900 per kilogram, down Rs 100 per kg from the previous session.

What is the global silver spot price today?

Ans. Global spot silver was trading at around $59.19 per ounce, equivalent to roughly $1,903 per kilogram, as of the latest available data today.

Why did the silver price today fall?

Ans. The silver price today eased modestly amid a broader pullback in the metal, extending a decline from Rs 2,40,000 per kg seen on July 27 to Rs 2,34,900 per kg today.

What was silver's all-time high price?

Ans. Silver touched a nominal all-time high of $121.67 per troy ounce on January 29, 2026, before correcting sharply in the months that followed.

Does the silver price today vary across Indian cities?

Ans. Silver prices have remained largely uniform across major Indian cities today, though local jewellers may add making charges and GST on top of the base rate.

Is the silver price today only driven by investment demand?

Ans. No, the silver price today reflects both investment and monetary demand as well as industrial demand from sectors such as solar panels, electric vehicles and electronics.

Where can I track the silver price today live?

Ans. You can track the silver price today alongside commodity-linked stocks and market data on the Univest Screener and the Univest app.