Silver Rate Today 28 August 2026: State-Wise Price

Silver Rate Today 28 August 2026: Check Today's Silver Price in India

New Delhi, August 28, 2026: Silver prices in India remained under pressure on Friday, August 28, with precious metals witnessing volatility amid global market cues. A morning market report put the benchmark silver price at around ₹2,41,800 per kilogram.

However, the price consumers actually pay for physical silver can vary significantly by city and state. Local bullion market conditions, purity, dealer margins and applicable charges can lead to differences between benchmark and retail prices. State-level retail references show several Indian markets around ₹2.65 lakh to ₹2.70 lakh per kg.

Silver Price Today: 1 Gram, 10 Gram, 100 Gram and 1 Kg

At a retail reference rate of ₹2,65,000 per kg:

• 1 gram: ₹265
• 10 grams: ₹2,650
• 100 grams: ₹26,500
• 1 kilogram: ₹2,65,000

Some state markets are showing rates closer to ₹2,70,000 per kg.

State-Wise Silver Rate on August 28, 2026

Note: Rates marked with * are indicative estimates based on available nearby/state retail references rather than a separately verified same-day state quote. Goa's available reference was around ₹2,40,362/kg, while a Himachal Pradesh reference was around ₹2,38,160/kg.

Available state-wise market data shows Gujarat, Kerala, Telangana and Odisha around ₹2.70 lakh/kg, while several other major markets including Uttar Pradesh, Bihar, Rajasthan, Andhra Pradesh, Tamil Nadu, Haryana, Madhya Pradesh, Maharashtra, West Bengal, Punjab and Karnataka were around ₹2.65 lakh/kg.

Why Are Silver Prices Falling Today?

Silver prices came under pressure on August 28 amid uncertainty in global financial markets. Investors are closely watching signals around US monetary policy and Federal Reserve interest-rate expectations. According to an Economic Times report, silver prices declined by around ₹1,200 per kg on Friday.

International silver prices, the US dollar, interest-rate expectations, industrial demand and domestic bullion demand are among the major factors influencing silver prices in India.

What Buyers Should Check Before Purchasing Silver

Consumers should not rely only on the headline silver rate. Before buying, check the purity, GST, making charges, dealer premium and final invoice value.

The price of silver jewellery or articles can be higher than the underlying bullion rate because of making and other applicable charges.

Silver Rate Today: Key Takeaway

On August 28, 2026, silver prices are showing weakness amid global market volatility. While the benchmark rate was around ₹2.418 lakh per kg in a morning market reference, several retail markets were quoting silver around ₹2.65–₹2.70 lakh per kg. Buyers should verify the latest local bullion rate before making a purchase.