Silver Price Rise on 7th May : Chennai, Kerala Remain Costly

resr 5paisa Research Team

Last Updated: 7th May 2025 - 11:28 am

2 min read

As of 10:59 AM on May 7, 2025, silver prices in India have increased by ₹2.10 per gram compared to the previous session. After a marginal decline yesterday, today’s rate continues the mild bearish sentiment in the domestic silver market.

  • Silver Price Today in Mumbai: The silver price today in Mumbai has declined to ₹99 per gram, reflecting a ₹2.10 increase from yesterday.
  • Silver Price Today in Delhi: In Delhi, silver is also priced at ₹99 per gram, in line with Mumbai’s rate.
  • Silver Price Today in Bangalore: Bangalore reflects the same trend with silver quoted at ₹99 per gram today.
  • Silver Price Today in Chennai: Chennai continues to trade higher, with silver priced at ₹111 per gram, showing regional differences.
  • Silver Price Today in Hyderabad: Hyderabad mirrors Chennai’s premium rate, with silver at ₹111 per gram.
  • Silver Price Today in Kerala: Kerala maintains a higher silver rate at ₹111 per gram, increased from the previous session.

Recent Silver Price Trends in India

Following are the latest trends in silver prices for the past few sessions:

  • May 6: Silver stood at ₹96.90 per gram.
  • May 5: Silver was priced at ₹97.00 per gram.
  • May 4: Silver held steady at ₹98.00 per gram.
  • May 3: Silver remained unchanged at ₹98.00 per gram.
  • May 2: Silver stood still at ₹98.00 per gram.

Conclusion

The silver rate today (May 7) in India has seen a slight decline of ₹0.10 to ₹99 per gram. While major cities like Mumbai, Delhi, and Bangalore follow this trend, southern regions such as Chennai, Hyderabad, and Kerala continue to trade silver at a significantly higher rate of ₹111 per gram. With international silver prices and rupee-dollar fluctuations playing a key role, silver investors are closely watching these daily movements.

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