Silver Prices Plummet in Kanyakumari Throughout August

The price of silver in Kanyakumari has been experiencing fluctuations throughout August 2026. On August 1st, it opened at ₹2,52,900 per kilogram and rose to a high of ₹2,73,100 on August 12th before falling to ₹2,23,900 on August 5th.

By the end of the month, the rate had settled at ₹2,38,900 per kilogram. This trend is part of an overall downward performance in silver prices in Kanyakumari throughout August.

In comparison to previous months, July saw a similar pattern with prices opening at ₹2,63,100 and falling to ₹2,23,900 before ending the month at ₹2,39,900. This trend of declining prices has been consistent since April 2026 when the rate opened at ₹2,78,000 and fell to ₹2,73,000 by the end of the month.

The price fluctuations can be attributed to market volatility and may affect investors considering purchasing or selling silver in Kanyakumari. The purity of silver is typically expressed in fineness, with 999 fineness indicating 99.9% pure silver content. This form of silver is commonly available to consumers and used in various applications.