Silver Price Today (May 15, 2026): Silver Crosses ₹3 Lakh Mark; Check Latest Rates from Delhi to Chennai
The Indian bullion market is witnessing a bullish trend in silver prices today, May 15, 2026. Driven by surging international industrial demand and the performance of the Rupee against the Dollar, silver prices are showing significant movement. Currently, pure (999) silver is trading at an average of ₹2,95,000 to ₹3,05,000 per kilogram across various parts of the country.
Latest Silver Rates in Major Cities (May 15, 2026)
The following table provides the indicative prices for silver in major metros and cities:
| City | 1 kg Silver (₹) | 100 grams (₹) | 10 grams (₹) |
| Chennai | 3,00,000 – 3,05,000 | 30,000 – 30,500 | 3,000 – 3,050 |
| Mumbai | 2,96,000 – 3,00,000 | 29,600 – 30,000 | 2,960 – 3,000 |
| Delhi | 2,95,000 – 2,99,000 | 29,500 – 2,99,000 | 2,950 – 2,990 |
| Kolkata | 2,95,500 – 2,99,500 | 29,550 – 29,950 | 2,955 – 2,995 |
| Bengaluru | 2,96,500 – 3,00,500 | 29,650 – 30,050 | 2,965 – 3,005 |
| Hyderabad | 2,96,000 – 3,00,000 | 29,600 – 30,000 | 2,960 – 3,000 |
| Ahmedabad | 2,95,800 – 2,99,800 | 29,580 – 29,980 | 2,958 – 2,998 |
Key Reasons Behind the Surge in Silver Prices
According to market experts, the current rally in silver prices is attributed to the following critical factors:
- Massive Industrial Demand: The increasing use of silver in solar panels, electric vehicles (EVs), advanced electronics, and AI data centers has significantly boosted its global demand.
- Safe Haven Investment: In times of geopolitical tension and high inflation, investors view silver as a secure asset, similar to gold.
- Local Demand and Currency: The demand from the ongoing wedding season in India, coupled with the Rupee’s fluctuations against the Dollar in the global market, is clearly reflected in domestic silver rates.
Important Information for Buyers
When purchasing silver, keep in mind that the rates mentioned above are indicative. The final billing amount will include:
- GST: An additional 3% on the price of the jewelry or silver bar.
- Making Charges & Taxes: Making charges vary based on the local bullion association and the intricacy of the design.
- Purity Check: Always purchase hallmarked silver or buy from a certified bullion dealer to ensure quality.
Disclaimer: This article is for informational purposes only. Silver prices change in real-time based on market conditions and supply-demand dynamics. Before making any purchase or investment decision, please consult your local authorized jeweler or a financial expert. We are not liable for any financial gains or losses.
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