Chennai Silver Prices Surge by ₹10 Per Gram to Reach ₹250

Chennai's silver market experienced a sharp turnaround on August 6, with prices rising by ₹10 per gram to reach ₹250. This marks the highest price level in the past 10 days and extends the gains made on Wednesday when silver climbed by ₹5 per gram.

The sudden surge has brought an end to nearly a week of stagnant prices, which had seen silver trading at ₹235 per gram from July 30 to August 4. The metal's industrial demand is also contributing to its rising price, as it is widely used in solar panels, electric vehicles, electronics, and medical equipment.

The rally has not gone unnoticed by investors, who are now watching whether the prices will continue to rise beyond the ₹250 mark. For those planning to buy silver jewelry or utensils, this means purchases have become more expensive in less than 48 hours.