Silver Prices Drop to ₹115/g on July 31: Check City-Wise Rates Across India

Silver prices in India slipped on Wednesday, July 31, 2025, with the metal now trading at ₹115 per gram or ₹1,15,000 per kilogram. This ₹2 per gram (or ₹2,000 per kg) decline marks a reversal after a brief gain in the previous session. The price drop mirrors easing international silver rates and slight currency movements, especially with the rupee showing mild weakness against the US dollar.

Analysts suggest that the softening of silver prices is in line with cautious global investor sentiment, as markets await clearer signals on industrial demand recovery and upcoming economic data releases.

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Silver Price Today

• Silver price today in Mumbai: The Silver rate today is ₹115 per gram, down ₹2 from yesterday.
• Silver price in Delhi: Stands at ₹115 per gram, matching the national average.
• Silver price in Bangalore: Trades at ₹115 per gram.
• Silver price in Chennai: Continues to trade at a premium rate of ₹125 per gram.
• Silver price in Hyderabad: Reflects southern pricing at ₹125 per gram.
• Silver price in Kerala: Matches Chennai and Hyderabad at ₹125 per gram.
• Silver price in Pune: Silver is priced at ₹115 per gram.
• Silver price in Vadodara: Holds steady at ₹115 per gram.
• Silver price in Ahmedabad: Also quoted at ₹115 per gram.
• Silver price in Kolkata: Stable at ₹115 per gram.

Recent Silver Price Movements in India

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

• 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 prices in July have remained largely within a narrow band, interrupted by occasional spikes and dips tied to international trends and rupee movement.

Conclusion

As of July 31, 2025, silver prices in India have declined slightly after a brief uptick in the previous session. While the fall is moderate, it reflects the influence of global market cues and domestic currency fluctuations. Investors and traders will be closely watching industrial demand indicators, central bank signals, and inflation trends in the days ahead. Despite the short-term drop, silver remains a sought-after asset, balancing investment security and industrial utility.