Silver rate in Madurai
₹2,41,080per kilogram
+₹1,020 (+0.42%) since 31 August 2026Rate for 1 September 2026
52-week range
Today sits 40% of the way up the last year’s range, which ran from ₹1,27,623 on 1 September 2025 to ₹4,13,713 on 30 January 2026.
One morning’s rate means little on its own. Here is how 1 September 2026’s figure of ₹2,41,080 per kilogram compares with where Madurai has been, and with what the rest of India is paying today.
Silver in Madurai is up 88.9% against ₹1,27,623 on 1 September 2025. Today sits 40% of the way up the 52-week range.
up 10.8% against ₹2,17,556 on 2 August 2026. Over a month, movement of a few percent is ordinary; a jump beyond that usually tracks the rupee or the international spot price rather than anything local.
Today is ₹1,13,457 above the 52-week low of ₹1,27,623 (1 September 2025) and ₹1,72,633 below the high of ₹4,13,713 (30 January 2026). That spread is what a purchase timed well or badly is worth per kilogram.
Madurai is the 14th cheapest of the 18 cities we track for silver today, and ₹687 below the 18-city average of ₹2,41,767.
Cheapest today is Kolkata at ₹2,40,060; dearest is Salem at ₹2,55,000. The ₹14,940 gap between them is local taxes, transport and association margins, not a difference in the metal.
This is the rate for the metal itself in Madurai. A jeweller adds making charges and 3% GST on top, and may deduct for wastage, so two shops quoting this same rate can still hand you different bills. Rates here are indicative, aggregated figures for comparison — confirm the final price before you buy.
Other South India markets we track, priced on the same day. Where a neighbouring city is meaningfully cheaper it is usually worth a call before buying.
| City | Per kilogram | vs Madurai | Rate for |
|---|---|---|---|
| Madurai (this page) | ₹2,41,080 | — | 1 September 2026 |
| Bangalore | ₹2,40,890 | −₹190 | 1 September 2026 |
| Chennai | ₹2,41,080 | same | 1 September 2026 |
| Coimbatore | ₹2,41,400 | +₹320 | 1 September 2026 |
| Hyderabad | ₹2,40,760 | −₹320 | 1 September 2026 |
| Mangalore | ₹2,40,890 | −₹190 | 1 September 2026 |
| Mysore | ₹2,40,570 | −₹510 | 1 September 2026 |
On 1 September 2026, silver in Madurai is ₹2,41,080 per kilogram, which works out to ₹2,411 per 10 grams. Rates are updated daily.
Over the last 52 weeks the silver rate in Madurai peaked at ₹4,13,713 per kilogram on 30 January 2026, and bottomed at ₹1,27,623 on 1 September 2025. Today's ₹2,41,080 sits 40% of the way up that range.
Over the past year the rate has moved from ₹1,27,623 on 1 September 2025 to ₹2,41,080 today — up 88.9%. Over the last month it is up 10.8%. The chart on this page shows the full series.
The metal itself is priced internationally, so the underlying cost is identical everywhere. What differs is state GST, transport, and the margins set by local jeweller associations — which is why two cities can quote rates a few hundred rupees apart per kilogram on the same morning. Each city page here shows that city's own rate rather than a national figure.
No. The rate shown is for the metal only. A jeweller adds 3% GST and making charges on top — often 8% to 25% of the metal value for gold jewellery — and may deduct for wastage. These figures are indicative, aggregated rates for comparison and tracking, so confirm the final price with your jeweller before buying.