Silver Rate Today (September 2): The market has presented mixed signals for silver buyers today. The precious metal has witnessed sharp price fluctuations recently, and this trend is reflected in today's rates. On Wednesday, the price of silver in Delhi's bullion market was recorded at ₹2,40,500 per kilogram (inclusive of all taxes), marking a drop of ₹5,000 compared to the previous trading day. Meanwhile, silver also showed weakness in the domestic futures market; in morning trading on the MCX, the price fell by 0.24% to reach ₹2,28,993 per kilogram.

Volatility in the international market is also impacting the price of the precious metal. If you are tracking rates to buy silver, get jewelry made, or invest, it is important to know today's prices. Read on to find out the selling price of silver per kilogram in major cities across the country.

**Silver Weakens on MCX**

A decline was also observed in silver futures prices on the Multi Commodity Exchange (MCX). By this morning, the price had dropped by 0.24%—a decrease of ₹556—settling at ₹2,28,993 per kilogram. In the previous trading session, silver had closed at ₹2,29,549 per kilogram on the MCX.

**What is the Price of Silver in Cities Like Delhi?**

If you are planning to buy silver in your city, you can check the latest rates for major cities below. In most cities, the price of silver is hovering around ₹2.55 lakh per kilogram.

City | Price of 1 kg Silver

Delhi | ₹2,55,000

Mumbai | ₹2,55,000

Kolkata | ₹2,55,000

Chennai | ₹2,60,000

Patna | ₹2,55,000

Lucknow | ₹2,55,000

Meerut | ₹2,55,000

Ayodhya | ₹2,55,000

Kanpur | ₹2,55,000

Ghaziabad | ₹2,55,000

Noida | ₹2,55,000

Gurugram | ₹2,55,000

Chandigarh | ₹2,55,000

Jaipur | ₹2,55,000

Ahmedabad | ₹2,55,000

Pune | ₹2,55,000

Ludhiana | ₹2,55,000

Guwahati | ₹2,55,000

Indore | ₹2,55,000

Surat | ₹2,55,000

Nagpur | ₹2,55,000

Nashik | ₹2,55,000

Bangalore | ₹2,55,000

Vadodara | ₹2,55,000

Bhubaneswar | ₹2,60,000

Raipur | ₹2,55,000

Hyderabad | ₹2,60,000

**Pressure on silver in the international market too**

Silver prices have weakened in the international market as well. According to available data, the price of silver reached approximately $64.74 per ounce. This indicates that the impact of selling pressure in the global market is also being reflected in domestic prices.

**What was the price of silver a day ago?**

In the previous trading session, silver remained steady at ₹2,45,500 per kg in the Delhi bullion market. Subsequently, it saw a decline of ₹5,000, bringing the price down to ₹2,40,500 per kg. Silver also faced pressure in overseas markets. The spot price of silver fell by nearly 3% to $64.68 per ounce.

What happened in the futures market on Tuesday?

The situation in the domestic futures market was slightly different just a day earlier. Driven by strong spot demand and fresh buying by traders, silver futures had risen by 0.19% to reach ₹2,40,577 per kilogram. A gain of ₹27 was recorded in the silver contract for December delivery on the MCX. However, in the international market (New York), silver prices had fallen by 0.17% to $66.46 per ounce.

What do buyers need to know?

Silver prices are currently witnessing significant volatility. Divergent trends are visible across the domestic market, MCX, and international prices. Therefore, if you are planning to buy silver—whether for jewelry, coins, or investment purposes—be sure to check the latest rates in your local bullion market before making a purchase. Additionally, the final price may vary depending on factors such as silver purity, making charges, and applicable taxes.

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