On 6 October 2026, a Goodreturns report quoted 999-purity silver at ₹2,45,000 per kg in Chennai and Hyderabad, versus ₹2,35,000 per kg in Mumbai, Delhi, Bangalore and several other cities. That is a reported difference of ₹10,000 per kg. These are dated reference quotes, not guaranteed checkout prices; confirm a current local rate before buying.
What was the silver rate in Chennai on 6 October?
Goodreturns published its city-rate report at 12:33 IST on Tuesday, 6 October 2026. It said 999-purity silver prices were unchanged that day and listed Chennai at ₹2,45,000 per kg. Hyderabad and Kerala were listed at the same rate. The amounts are also equivalent to ₹2,450 per 10 g or ₹24,500 per 100 g.
These figures describe the report’s quoted city rates on that date. They do not establish what a buyer would have paid at a particular jeweller or what the rate is on a later date. Goodreturns’ 6 October city-rate report
How did Chennai and Hyderabad compare with other cities?
In Goodreturns’ 6 October 2026 table, the listed quotes divided into two groups:
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| Quoted rate | Per 10 g | Per 100 g | Per kg | Cities listed |
|---|---|---|---|---|
| Higher quote | ₹2,450 | ₹24,500 | ₹2,45,000 | Chennai, Hyderabad, Kerala, Coimbatore, Madurai, Vijayawada and Bhubaneswar |
| Lower quote | ₹2,350 | ₹23,500 | ₹2,35,000 | Mumbai, Delhi, Bangalore, Kolkata, Pune and other named cities |
The gap is ₹100 per 10 g, ₹1,000 per 100 g, or ₹10,000 per kg. The report gives no specific explanation for why the higher quote applied to those cities, so the difference should not be attributed to a particular local cause.
What does 1 kg of silver cost in Chennai?
For 999-purity silver, the Goodreturns city table quoted ₹2,45,000 per kg in Chennai on 6 October 2026. This is a reference figure from that report, not a promise that one kilogram could be purchased for exactly that amount. The final bill may include applicable taxes or other levies, a dealer or product premium, and making charges where relevant.
Rank #2
- Purity: .9999 Fine Silver
- Diameter: 38 mm; Thickness: 3.29 mm
- Metal Content: 1 Troy Ounce per Coin; Total: 10 Troy Ounces
- Stock Photo; Image is indicative of quality; Maple Tubes Available with coins while supplies last
- DISCLAIMER: Please note that we pull random year coins from the same tube, so all coins received per purchase will be from the same year— mixed bags are highly unlikely, ensuring a consistent and uniform collection for your enjoyment!
Why can silver-rate pages show different numbers?
Rates are snapshots, and pages may differ by publication time, data source, city table, purity, or rate basis. For example, a Gadgets 360 page labeled updated 7 October 2026 lists Chennai and Hyderabad at ₹2,45,000 per kg and Bangalore, Delhi and Mumbai at ₹2,35,000 per kg in its city table. The same page separately displays a general India rate of ₹2,22,800 per kg. Gadgets 360 says its displayed rates exclude GST, TCS and other levies and recommends confirming the exact price with a local jeweller. Do not combine those separate fields into a single national rate. Gadgets 360’s dated rate page
A related HDFC SKY article published 5 October also reports the southern-market premium, but says its comparison table source is Goodreturns. It therefore supports that the figures were being circulated, rather than providing wholly independent market verification. HDFC SKY’s 5 October comparison
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- Purity: .999 Fine Silver
- Diameter: 40.6 mm; Thickness: 3.2 mm
- Stock Photo; Image is indicative of quality
- Metal Content: 1 Troy Ounce per Coin; Total: 10 Troy Ounces
- You will receive ten coins per purchase; DISCLAIMER: Please note that we pull random year coins from the same tube, so all coins you receive will be from the same year— mixed bags are highly unlikely, ensuring a consistent and uniform collection for your enjoyment!
An ABP city table attributed to IBJA carries an update date of 12 September 2026 and shows different city figures. It is a historical comparator, not verification of the October quotes. ABP’s dated city table
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How to compare a local quote with the reported rate
Before deciding whether a quote is higher or lower, make sure you are comparing like with like:
Quick Recap
Best Value
- Purity: .999 Fine Silver
- Diameter: 40.6 mm; Thickness: 3.2 mm
- Metal Content: 1 Troy Ounce per Coin; Total: 10 Troy Ounces
- Stock Photo; Image is indicative of quality
- You will receive ten coins per purchase; DISCLAIMER: Please note that we pull random year coins from the same tube, so all coins received per purchase will be from the same year— mixed bags are highly unlikely, ensuring a consistent and uniform collection for your enjoyment!
Rank #4
- Purity: .999 Fine Silver
- Diameter: 40.6 mm; Thickness: 3.2 mm
- Stock Photo; Image is indicative of quality
- Metal Content: 1 Troy Ounce per Coin; Total: 20 Troy Ounces
- You will receive twenty coins per purchase in an official United States Mint Tube; DISCLAIMER: Please note that we pull random year coins from the same tube, so all coins received per purchase will be from the same year— mixed bags are highly unlikely, ensuring a consistent and uniform collection for your enjoyment!
- Date and time: use quotes from the same day and note when each was published or supplied.
- Purity: the Goodreturns figures above are for 999-purity silver; a quote for another purity is not directly comparable.
- Weight and unit: convert both rates to the same weight, such as 10 g or 1 kg.
- Rate basis: identify whether the number is a city reference rate, a dealer quote, or the price of a specific coin, bar or jewellery item.
- Final payable amount: ask for an itemised bill showing applicable levies, making charges, design premium and other charges. NDTV notes that local demand, wholesale availability, transport costs and city-level taxes may contribute to local price patterns, and advises buyers to request a bill breakup. NDTV’s Chennai silver-rate page
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
