Silver Prices Dip to ₹113/g on August 1: Check Silver Rates in Major Indian Cities

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Last Updated: 1st August 2025 - 12:43 pm

2 min read

Silver prices in India registered a modest decline on Friday, August 1, 2025, with the metal now trading at ₹113 per gram or ₹1,13,000 per kilogram. This ₹2 drop from the previous day signals a continuation of the recent downtrend in silver rates. Southern cities continue to trade at a premium, while most other major centres follow the national average.

Silver Price Today Across Major Cities

  • Silver price today in Mumbai: In Mumbai, silver rate today is priced at ₹113 per gram, showing a ₹2 decline from Thursday.
  • Silver price in Delhi: Delhi also records silver rates at ₹113 per gram, in line with the national average.
  • Silver price in Bangalore: Bangalore continues to mirror metro trends, quoting ₹113 per gram.
  • Silver price in Chennai: Chennai trades at a higher rate, with silver priced at ₹123 per gram.
  • Silver price in Hyderabad: Hyderabad maintains its elevated rate of ₹123 per gram, similar to other southern cities.
  • Silver price in Kerala: Kerala also sees silver quoted at ₹123 per gram, matching Chennai and Hyderabad.
     

Recent Silver Price Movements in India

Here’s a quick look at silver price fluctuations over the past few sessions:

  • August 1, 2025: ₹113/g – Down by ₹2
  • July 31, 2025: ₹115/g – Down by ₹2
  • July 30, 2025: ₹117/g – Up by ₹1
  • July 29, 2025: ₹116/g – No change
  • July 28, 2025: ₹116/g – No change
  • July 27, 2025: ₹116/g – No change

Silver rates have largely moved within a narrow range over the past week, with brief upward spikes and minor corrections.

Conclusion

As of August 1, 2025, silver prices have edged lower to ₹113 per gram, continuing their recent downward adjustment. While rates in southern cities remain higher, the rest of the country follows the national pricing pattern. The day’s movement reflects ongoing short-term volatility in the precious metals market.

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