Silver Price Today, May 2: Indian Silver Rates Steady at ₹98 per Gram

As of 11:20 AM on May 2, 2025, silver prices in India have remained unchanged compared to the previous session. After a ₹2 drop yesterday, the silver rate today is holding steady at ₹98 per gram, reflecting a pause in recent price movement.

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Current Price of Silver Across Major Indian Cities

Here’s how the silver rate today on May 2, 2025 is playing out in key cities:

• Silver Price Today in Mumbai: The silver price today in Mumbai is flat at ₹98 per gram, showing no change from yesterday.
• Silver Price Today in Delhi: Delhi mirrors Mumbai, with the current price of silver at ₹98 per gram.
• Silver Price Today in Bangalore: In Bangalore, the silver rate today also stands at ₹98 per gram, indicating consistency in western and southern markets.
• Silver Price Today in Chennai: The silver price in India remains stronger in Chennai, currently quoted at ₹109 per gram.
• Silver Price Today in Hyderabad: Hyderabad’s silver rate today is ₹109 per gram, aligning with Chennai and Kerala.
• Silver Price Today in Kerala: In Kerala, the current price of silver holds at ₹109 per gram.

Recent Silver Price Trends in India

After a small ₹2 drop on May 1, silver prices in India have stabilized today on May 2, 2025. Here's a brief snapshot of the recent silver rate trend: 

• May 2: Silver prices remained unchanged at ₹98.00 per gram, maintaining yesterday’s level.
• May 1: Silver prices declined by ₹2.00 per gram, settling at ₹98.00 per gram.
• April 30: Silver rates witnessed a drop to ₹100.00 per gram.
• April 29: Silver prices held steady at ₹100.05 per gram. 
• April 28: Silver prices stood at ₹100.05 per gram, reflecting mild downward movement.

Conclusion

The silver rate today (May 2) sees a slight dip. While Chennai, Hyderabad, and Kerala are witnessing elevated levels at ₹109 per gram, the rest of India, including Mumbai and Delhi, is seeing a flat trend at ₹98 per gram. With domestic demand steady and global cues still uncertain, investors are keeping a close watch on the current price of silver for short-term movements.