MUMBAI — A buyer who held off over the weekend hoping for a better price saved nothing. The silver rate today, Sunday, August 23, 2026, is ₹2,60,000 a kilogram nationally and in Delhi, which is exactly where it stood on Friday and again on Saturday. Hyderabad, Chennai and Kerala are at ₹2,70,000, also unchanged.
Three days, one number. Goodreturns records the move from Saturday to Sunday as zero, and The Sunday Guardian had already logged Saturday as unchanged from Friday.
Silver Rate Today, August 23, 2026: City-Wise Silver Price
| City | 10 grams (₹) | 100 grams (₹) | 1 kilogram (₹) |
|---|---|---|---|
| Delhi | 2,600 | 26,000 | 2,60,000 |
| Mumbai | 2,600 | 26,000 | 2,60,000 |
| Kolkata | 2,600 | 26,000 | 2,60,000 |
| Bangalore | 2,600 | 26,000 | 2,60,000 |
| Pune | 2,600 | 26,000 | 2,60,000 |
| Ahmedabad | 2,600 | 26,000 | 2,60,000 |
| Vadodara | 2,600 | 26,000 | 2,60,000 |
| Hyderabad | 2,700 | 27,000 | 2,70,000 |
| Chennai | 2,700 | 27,000 | 2,70,000 |
| Kerala | 2,700 | 27,000 | 2,70,000 |
Today Silver Rate by Weight: Gram, 100 Grams and Kilogram
The national figure works out to ₹260 a gram, ₹2,600 for 10 grams, ₹26,000 for 100 grams and ₹2,60,000 a kilogram. In the three southern markets, each of those rises by roughly four percent.
Rates exclude the three percent GST and any making charge, so a jeweller’s bill will read higher than the figures above. On a kilogram bought in Delhi, the tax alone adds ₹7,800.
Silver Rate Today Delhi and Silver Rate Today Hyderabad: The Gap Is Now 3.8 Percent
The southern markets have carried a premium for as long as anyone has been publishing these numbers, and the usual explanation is that it is a proportional markup. That explanation stopped working this week.
On Tuesday, the national rate was ₹2,49,900, and Chennai, Hyderabad and Kerala were at ₹2,54,900. The gap was ₹5,000, which is almost exactly two percent of the national figure. Today the gap is ₹10,000 against a national rate of ₹2,60,000, which is 3.8 percent. So the premium has not merely doubled in rupees, as we reported yesterday. It has nearly doubled as a share of the price.
That distinction matters because it rules out the innocent reading. A fixed proportional markup would have widened from ₹5,000 to about ₹5,200 as the metal rose. It went to ₹10,000. Something in southern pricing changed within five days, and it was not arithmetic.
What this article still cannot tell you is what. Local dealer margins, transport, and the concentration of jewellery demand around Kerala and Tamil Nadu are the standard explanations, and none of them move on that timescale. The pattern is more consistent with southern quotes being reset less often and in bigger steps, which would make the gap a lag rather than a real cost, but that is a reading of the numbers and not a sourced account.
Today Silver Price and the Exchange That Has Been Shut Since Friday
Here is the part worth holding onto before Monday. MCX silver last traded at about ₹2,45,612 a kilogram, up ₹2,369 on Friday after an intraday high near ₹2,46,229. The exchange has been closed since. The published retail rate of ₹2,60,000 therefore sits ₹14,388 above a futures price that stopped existing two days ago, a premium of 5.9 percent over a stale number.
None of that has been tested since. A retail quote published on a Sunday is not wrong, but it is not a market price either. It is a dealer’s carry-forward, and the honest way to read today’s table is as Friday’s silver with a weekend stamped on it.
Silver Price Today: What the Flat Line Hides
A three-day plateau reads like calm. It is sitting on top of the sharpest monthly run silver has had this year.
The Sunday Guardian puts the gain from August 1 to August 22 at ₹25,000 a kilogram, or about 10.6 percent. Work backwards from ₹2,60,000 and that implies a starting point near ₹2,35,000 at the beginning of the month. Silver has added a tenth of its value in three weeks and then stopped dead for three days, which is not the same thing as settling.
The question nobody can answer until Monday morning is which side closes the gap. Either the retail counter comes down toward ₹2,45,612, or MCX opens up toward ₹2,60,000, or the two keep drifting and the spread widens again. Our gold rate today coverage found the gold counter quoting the MCX price divided by ten, exact to the rupee, on the same tracker and the same morning. Silver does not behave that way, and until someone publishes the methodology, the reason is guesswork.
Our oil prices today coverage is frozen at Friday’s close for the same reason, with Brent last settled at $93.78 a barrel.
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