Silver prices in Chennai rise to ₹300 per gram

Silver prices in Chennai stood at ₹300 per gram today, influenced by multiple domestic and global factors. Market participants said higher excise duty on gold has improved silver’s appeal as an alternative hedge. Rising gold prices often redirect rural investment demand toward silver. Internationally, silver prices hovered near $15 per ounce, supporting local rates amid steady consumption. Traders remain cautious while tracking currency moves closely.