Silver rate in Madurai

₹1,89,370per kilogram

+₹1,399 (+0.74%) since 4 November 2026

Rate for 5 November 2026

999 fine
₹1,894
per 10g · ₹189/g

52-week range

Low
₹1,54,132
High
₹4,13,713

Today sits 14% of the way up the last year’s range, which ran from ₹1,54,132 on 6 November 2025 to ₹4,13,713 on 30 January 2026.

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Madurai silver rate in context

One morning’s rate means little on its own. Here is how 5 November 2026’s figure of ₹1,89,370 per kilogram compares with where Madurai has been, and with what the rest of India is paying today.

Against the last year

Silver in Madurai is up 21.7% against ₹1,55,598 on 5 November 2025. Today sits 14% of the way up the 52-week range.

Against last month

down 16.7% against ₹2,27,367 on 6 October 2026. Over a month, movement of a few percent is ordinary; a jump beyond that usually tracks the rupee or the international spot price rather than anything local.

Distance from the extremes

Today is ₹35,238 above the 52-week low of ₹1,54,132 (6 November 2025) and ₹2,24,343 below the high of ₹4,13,713 (30 January 2026). That spread is what a purchase timed well or badly is worth per kilogram.

Against the rest of India

Madurai is the 10th cheapest of the 18 cities we track for silver today, and ₹1,718 below the 18-city average of ₹1,91,088.

The national spread

Cheapest today is Mumbai at ₹1,88,751; dearest is Salem at ₹2,10,000. The ₹21,249 gap between them is local taxes, transport and association margins, not a difference in the metal.

What the rate excludes

This is the rate for the metal itself in Madurai. A jeweller adds making charges and 3% GST on top, and may deduct for wastage, so two shops quoting this same rate can still hand you different bills. Rates here are indicative, aggregated figures for comparison — confirm the final price before you buy.

Silver rate near Madurai

Other South India markets we track, priced on the same day. Where a neighbouring city is meaningfully cheaper it is usually worth a call before buying.

silver rate per kilogram in cities near Madurai on 5 November 2026
CityPer kilogramvs MaduraiRate for
Madurai (this page)₹1,89,370—5 November 2026
Bangalore₹1,89,115−₹2555 November 2026
Chennai₹1,90,219+₹8495 November 2026
Coimbatore₹1,89,211−₹1595 November 2026
Hyderabad₹1,89,327−₹435 November 2026
Mangalore₹1,89,135−₹2355 November 2026
Mysore₹1,89,565+₹1955 November 2026

See every city we track for silver rates

Silver rate in Madurai — FAQs

What is the silver rate in Madurai today?

On 5 November 2026, silver in Madurai is ₹1,89,370 per kilogram, which works out to ₹1,894 per 10 grams. Rates are updated daily.

What was the highest silver rate in Madurai this year?

Over the last 52 weeks the silver rate in Madurai peaked at ₹4,13,713 per kilogram on 30 January 2026, and bottomed at ₹1,54,132 on 6 November 2025. Today's ₹1,89,370 sits 14% of the way up that range.

Is silver getting cheaper or dearer in Madurai?

Over the past year the rate has moved from ₹1,55,598 on 5 November 2025 to ₹1,89,370 today — up 21.7%. Over the last month it is down 16.7%. The chart on this page shows the full series.

Why does the silver rate in Madurai differ from other cities?

The metal itself is priced internationally, so the underlying cost is identical everywhere. What differs is state GST, transport, and the margins set by local jeweller associations — which is why two cities can quote rates a few hundred rupees apart per kilogram on the same morning. Each city page here shows that city's own rate rather than a national figure.

Do these Madurai rates include GST and making charges?

No. The rate shown is for the metal only. A jeweller adds 3% GST and making charges on top — often 8% to 25% of the metal value for gold jewellery — and may deduct for wastage. These figures are indicative, aggregated rates for comparison and tracking, so confirm the final price with your jeweller before buying.