Silver price in Chennai today, Nov 6, 2026: Up or down on Dhanteras? Check latest rate in ‘Gateway to South India'

Silver prices reversed their recent upward trend on Dhanteras. Check how much silver costs in Chennai today.

Silver prices declined on Dhanteras, reversing their recent upward trend after gaining for several consecutive sessions. The dip could offer some relief to buyers planning to purchase silver jewellery, coins or utensils on the festive occasion.

On the multi commodity exchange (MCX), silver futures contracts expiring in December fell 1.04% to ₹1,85,189 during Friday’s trading session. MCX silver futures rates also influence retails silver rates across India.

Today's decline comes after both gold and silver surged amid hopes of improvement in geopolitical situations and reduction in crude oil prices.

Silver price in Chennai

In Chennai, 999 fine silver is priced at ₹1,86,020 per kg, while 925 sterling silver costs ₹1,72,069 per kg. Silver 900 coins are priced at ₹1,67,418 per kg, according to Indian Bullion Association's (IBA) data as of 5:20 PM (IST) on Friday.

Silver rate today in Chennai

Source: Indian Bullion Association's (IBA) data

The difference in prices is largely due to the purity of silver. While 999 fine silver contains 99.9% pure silver, 925 sterling silver contains 92.5% silver, with the remaining 7.5% comprising other metals, usually copper. Similarly, 900 silver contains 90% pure silver.