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Silver Price Today: Silver Rates Climb on August 3; Check the Latest Prices in Your City Before Buying
Silver Price Today, August 3, 2026: Silver prices witnessed a strong upward movement on Monday, supported by gains in both domestic and international markets. While futures prices on the Multi Commodity Exchange (MCX) moved higher during early trade, physical silver prices remained firm across most major Indian cities. Investors and buyers are closely tracking global economic developments, which continue to influence precious metal prices.
Silver Futures Gain Over 1% on MCX
Silver futures traded in positive territory during the morning session on the Multi Commodity Exchange (MCX).
At around 10:34 AM, silver contracts were trading at ₹2,19,147 per kilogram, registering a gain of ₹2,428, or 1.12%, from the previous session. The rise reflects renewed buying interest in the domestic derivatives market amid supportive global cues.
Market participants continue to monitor international developments, currency movements, and geopolitical events that could influence the precious metals market in the coming days.
Global Silver Prices Also Move Higher
International precious metal markets also opened on a positive note.
Spot silver was trading around $58.385 per ounce, up 1.04%, indicating improved investor sentiment. Gold also recorded gains, with COMEX gold rising 0.24% to trade near $4,117 per ounce.
The positive trend in overseas markets provided additional support to domestic silver prices.
Latest Silver Prices Across Major Indian Cities
The retail price of silver remained largely unchanged across several cities, with only minor regional differences.
| City | 10 Grams | 100 Grams | 1 Kilogram |
|---|---|---|---|
| Delhi | ₹2,349 | ₹23,490 | ₹2,34,900 |
| Kolkata | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Mumbai | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Chennai | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Patna | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Lucknow | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Meerut | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Ayodhya | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Kanpur | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Ghaziabad | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Noida | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Gurugram | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Chandigarh | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Jaipur | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Ludhiana | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Guwahati | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Indore | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Ahmedabad | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Surat | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Vadodara | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Pune | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Nagpur | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Nashik | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Bengaluru | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Bhubaneswar | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Raipur | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Hyderabad | ₹2,350 | ₹23,500 | ₹2,35,000 |
Previous Trading Session
In the previous trading session, silver prices in Delhi's physical bullion market remained largely unchanged at around ₹2,24,700 per kilogram, including applicable taxes.
Internationally, however, spot silver had declined by nearly 2%, closing close to $57.98 per ounce, making Monday's recovery particularly significant for market participants.
Factors That Could Influence Silver Prices This Week
Analysts believe precious metal prices are likely to remain volatile as investors monitor several important global developments.
Key factors expected to influence silver prices include:
- Manufacturing PMI data from the United States, Eurozone, the United Kingdom, and Japan.
- US employment indicators, including Non-Farm Payrolls (NFP) and the unemployment rate.
- Developments related to US-Iran geopolitical tensions.
- Crude oil price movements and global supply conditions.
- Changes in the US dollar and bond yields.
These economic indicators could shape investor sentiment and determine the near-term direction of both gold and silver prices.
Should Buyers Wait or Purchase Now?
Market experts advise buyers planning jewellery purchases or investment in physical silver to keep a close watch on daily price movements. Since precious metals often react sharply to global economic events, prices may continue to fluctuate throughout the week.
Investors are also encouraged to consider their financial goals and seek professional advice before making any significant investment decisions in precious metals.
