Silver Price Today, August 5, 2026: Silver prices witnessed a strong upward move on Wednesday, with the precious metal trading around ₹2,24,530 per kilogram in the domestic market. The rally follows gains in international bullion markets, where silver prices climbed above $61 per ounce, boosting sentiment among investors and buyers.

If you're planning to purchase silver for jewellery, investment, or festive requirements, checking the latest city-wise rates can help you make a better buying decision.

Silver Prices Rise in Domestic Market

Silver continued its positive momentum during today's trading session, extending gains from the previous close. The metal was trading near ₹2.24 lakh per kilogram, compared to the previous session's closing price of ₹2,21,615 per kilogram.

Market analysts attribute the rise to firm international prices and increased investor interest in precious metals. Since domestic silver prices are linked to global market trends and currency movements, they tend to fluctuate regularly.

Latest Silver Rates in Major Indian Cities

Here are the latest retail silver prices for August 5, 2026:

Other cities reporting similar prices include: Meerut, Ayodhya, Kanpur, Ghaziabad, Ludhiana, Guwahati, Indore, Ahmedabad, Surat, Vadodara, Pune and Nagpur. Meanwhile, cities such as Nashik, Bengaluru, Bhubaneswar, Raipur and Hyderabad recorded ₹23,500 per 100 grams, while the per-kilogram rate remained around ₹2,22,000.

MCX Silver Price Today

Silver futures also traded higher on the Multi Commodity Exchange (MCX), reflecting the positive momentum seen in the global bullion market. During early trade, silver hovered around ₹2.24 lakh per kilogram, indicating sustained buying interest.

Gold futures also gained, with prices trading close to ₹1.44 lakh per 10 grams, supported by safe-haven demand.

International Silver Prices

Global precious metal markets remained firm during the session.

On the COMEX, silver advanced by approximately 1.34%, trading near $61.05 per ounce. Gold also moved higher, gaining around 0.85% to trade at nearly $4,188 per ounce.

The rally in international bullion prices has contributed to the upward movement in domestic silver rates, as Indian prices closely track global trends after adjusting for currency fluctuations and import costs.

Why Are Silver Prices Rising?

Several factors influence silver prices in India, including:

Strong Global Bullion Demand

Rising demand for precious metals during periods of economic uncertainty often pushes silver prices higher in international markets.

International Spot Prices

Domestic silver rates are largely linked to global benchmark prices. Any movement on exchanges such as COMEX is reflected in Indian markets.

Rupee-Dollar Exchange Rate

India imports a significant portion of its silver. A weaker rupee against the US dollar increases import costs, which can lead to higher domestic prices.

Industrial Demand

Silver is widely used in electronics, solar panels, electric vehicles, medical equipment, and other industrial applications. Higher industrial consumption often supports prices.

Investor Sentiment

Precious metals frequently attract investors looking for safe-haven assets during periods of market volatility, inflation concerns, or geopolitical uncertainty.

Previous Market Trend

In the previous trading session, silver prices in Delhi's bullion market remained stable at around ₹2,26,500 per kilogram, including applicable taxes. Meanwhile, international spot silver had also posted gains, indicating continued strength in the global market before today's rally.

Should You Buy Silver Now?

Silver prices can change throughout the day depending on international market movements, exchange rates, and domestic demand. Buyers planning to purchase silver for investment or jewellery purposes should compare the latest prices with local jewellers and bullion dealers before making a purchase.

Final Take

Silver prices maintained their upward trajectory on August 5, 2026, with domestic rates climbing to around ₹2.24 lakh per kilogram, supported by a strong performance in global bullion markets. Investors and retail buyers are advised to keep an eye on international price movements, currency fluctuations, and market sentiment, as these factors continue to influence silver prices in India.

Disclaimer: Precious metal prices are subject to market fluctuations and may vary across cities, dealers, and trading sessions. Investors should consult a qualified financial advisor before making investment decisions based on bullion price movements.