MUMBAI, Aug. 16 -- A jeweller in Hyderabad will quote roughly Rs.2,70,900 for a kilogram of silver today. A shop in Delhi will say about Rs.2,67,000. And a buyer who checked a rate website before leaving the house may have set out expecting Rs.2,41,700. Three numbers, one metal, one Sunday, and not one of them is a mistake.

That is the awkward truth behind the silver rate today, August 16, 2026. Gold in India passes through a reasonably disciplined chain of association benchmarks before it reaches a shop window, which is why gold quotes across trackers usually agree within a percent or so. Silver does not. Three mainstream rate services surveyed on Sunday put the metal at Rs.2,41,700, Rs.2,50,000 and Rs.2,67,000 a kilogram for the same d...