Silver Rate in Tamil Nadu Jumps ₹20,000 in August
The silver rate in Tamil Nadu has been volatile in August 2026, with prices fluctuating throughout the month. According to Business Today, the price of silver opened at ₹2,52,900 per kilogram on August 1st and rose to a high of ₹2,73,100 on August 12th. However, it fell to a low of ₹2,23,900 on August 5th.
The overall performance for the month has been rising, with prices increasing by ₹20,000 from the beginning of the month to the end. The silver rate in Tamil Nadu had also risen in May 2026, but fell in June and July 2026. In April 2026, the price settled at ₹2,73,000 per kilogram after opening at ₹2,79,000 on April 1st.
The purity of silver is typically expressed as fineness, indicating the percentage of pure silver in an alloy. Fine silver contains 99.9% silver content, while sterling silver contains 92.5% silver and 7.5% other metals. Coin silver contains 90% silver and 10% copper.