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Policy shifts keep Chennai silver prices elevated
Silver trades higher in Chennai as tax changes and demand dynamics support prices.
Silver prices in Chennai were quoted at ₹425 per gram today, reflecting firm local demand and policy driven factors. Market participants note that changes in precious metal taxation influence relative pricing trends. The recent hike in gold excise duty is expected to divert some demand toward silver. Traders say global cues, import costs, and jewellery consumption patterns also shape short term price movements locally today