Silver Price Today, August 10, 2026: Silver prices are back in focus as the domestic market reopens after a two-day break. Ahead of regular trading activity, silver futures on the Multi Commodity Exchange (MCX) were quoted at ₹2,31,804 per kg, compared with the previous session's closing level of ₹2,31,466 per kg.

Meanwhile, bullion market data cited in the source showed 999-purity silver at ₹2,32,660 per kg. Retail rates are higher in several major cities, with silver quoted at around ₹2.45 lakh per kg across many locations.

Internationally, the precious metal had also recorded a strong move in the previous trading session, supported by a softer US dollar.

For buyers and investors tracking silver, here's a detailed look at the latest rates across purity levels and major Indian cities.

Silver Rate Today: Price by Purity

Silver prices can vary depending on purity. Fine silver with 999 purity commands the highest price among the categories listed, while lower-purity varieties are comparatively cheaper.

The latest rates provided are:

The quoted value for 999-purity silver is also approximately ₹6,596 per ounce and ₹2,714 per tola, according to the figures cited.

Actual retail prices can vary because of local market conditions, taxes and other applicable charges.

Silver Price in Delhi, Mumbai, Kolkata and Other Cities

Silver is quoted at around ₹2,45,000 per kg across a large number of major Indian cities on August 10.

Cities where the rate is reported around this level include:

Delhi, Mumbai, Kolkata, Patna, Lucknow, Meerut, Ayodhya, Kanpur, Ghaziabad, Noida, Gurugram, Chandigarh, Jaipur, Ludhiana, Guwahati, Indore, Ahmedabad, Vadodara, Surat, Nagpur, Pune, Nashik, Bengaluru and Raipur.

This means buyers in many major northern, western, central and eastern markets are seeing broadly similar indicative silver rates.

However, prices are higher in some southern and eastern cities.

Silver More Expensive in Chennai and Hyderabad

Among the cities cited, Chennai has the highest silver price at ₹2,50,000 per kg.

Silver is quoted slightly lower in Hyderabad and Bhubaneswar.

City-wise bullion rates can differ due to local demand, supply, transportation costs, taxes and dealer-level pricing.

Consumers should therefore verify the actual price with a local jeweller or bullion dealer before making a purchase.

MCX Silver Futures Move Above Previous Close

Silver futures were quoted at ₹2,31,804 per kg on MCX, compared with a previous closing price of ₹2,31,466.

Based on these figures, the difference is:

₹2,31,804 - ₹2,31,466 = ₹338 per kg

That represents an increase of roughly 0.15% from the cited previous closing level.

Futures prices can change rapidly during trading hours, so the rate visible later in the session may differ from the opening or pre-market level.

What Happened to Silver in the International Market?

Silver had witnessed strong momentum in the international market during the previous trading session.

According to the source figures, spot silver climbed more than 4% to around $64.17 per ounce.

A weaker US dollar was among the factors associated with the move, while softer crude oil prices were also noted in the broader market environment.

Movements in the dollar are particularly relevant for precious metals because commodities such as gold and silver are generally priced internationally in US currency.

When the dollar weakens, precious metals can become relatively less expensive for buyers using other currencies, potentially supporting demand. However, silver prices are influenced by several factors simultaneously.

Delhi Bullion Market Had Remained Steady

Despite strong international movement, the previous session's silver price in Delhi's physical bullion market was cited at ₹2,34,800 per kg, including taxes.

The rate had reportedly remained stable during that session.

This difference between futures, bullion benchmarks and city-level retail prices is not unusual.

MCX futures represent exchange-traded contracts, while physical market rates can include taxes, premiums and other local charges. Jewellery and retail silver products can carry additional making or fabrication costs.

Why Do Silver Prices Change So Frequently?

Silver is unusual because it functions as both a precious metal and an industrial commodity.

Like gold, its price can respond to movements in the US dollar, interest-rate expectations and investor demand for precious metals.

At the same time, silver has extensive industrial applications. It is used across sectors such as electronics, renewable energy technologies and other manufacturing activities.

As a result, changes in industrial demand and global economic expectations can also influence prices.

Other important factors include global supply, mining output, investment flows and movements in international commodity markets.

MCX Price and Retail Silver Rate Are Not the Same

Consumers should avoid assuming that the MCX silver price is necessarily the amount they will pay at a jewellery shop or bullion dealer.

An MCX quotation represents the price of a futures contract traded on the exchange.

Physical silver purchased in the retail market may have a different price because of factors such as taxes, local premiums, transportation expenses and dealer margins.

The purity and form of silver also matter. Coins, bars, jewellery and other products may not be priced identically even if their underlying silver content is similar.

Silver Price Today: What Buyers Should Know

Silver begins August 10 with firm pricing signals across domestic markets. MCX futures were quoted at ₹2,31,804 per kg, while the cited bullion rate for 999-purity silver stood at ₹2,32,660 per kg.

Retail prices were around ₹2,45,000 per kg in several major cities, while Chennai's quoted rate was higher at ₹2,50,000 per kg. Hyderabad and Bhubaneswar were close behind at ₹2,49,900.

With silver prices capable of moving sharply in response to global and domestic developments, buyers should check live rates before completing a transaction.

Disclaimer: Silver prices can change during the day and may vary by city, purity, taxes, dealer margins and product type. The rates mentioned above are based on the figures provided in the source and should be verified with a local jeweller, bullion dealer or commodity exchange before making any financial decision.