Silver Rate Today
Live international silver price, converted to Indian Rupees per kilogram.
Weekly & monthly graph of silver price in India
Price per kg · international spot price converted to INR, including India's 15% import duty.
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| Base value | — |
| Making charges | — |
| GST (3%) | — |
| Total amount | — |
Includes all charges.
≈ — at today's rate
By weight
| Weight | Price (999 fine) |
|---|---|
| 1g | — |
| 100g | — |
| 1kg | — |
By city
| City | 10g | 100g | 1kg |
|---|---|---|---|
| Delhi | — | — | — |
| Mumbai | — | — | — |
| Chennai | — | — | — |
| Kolkata | — | — | — |
| Bengaluru | — | — | — |
| Hyderabad | — | — | — |
| Pune | — | — | — |
| Ahmedabad | — | — | — |
We show one national rate based on the international spot price converted to INR — actual city rates vary slightly due to local bullion association pricing, taxes, and dealer premiums, which this feed doesn't capture.
Last 10 days
| Date | Price (per kg) | Change |
|---|---|---|
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Historical price of silver
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About silver rates
Factors determining silver price in India today
Silver prices in India are driven primarily by the international spot price, which itself is shaped by industrial demand — silver is a key input in electronics, solar panels, and electric vehicles — alongside the same macro forces that move gold, such as US interest rates and dollar strength. Because silver has this large industrial-demand component, its price can be more volatile than gold's on a day-to-day basis, reacting to manufacturing data as well as investment flows.
Why is silver cheaper than gold?
Silver trades at a fraction of gold's price mainly because it's far more abundant and easier to mine and refine. Historically it has also been used more for industrial applications than as a store of value, keeping a larger share of global supply in active use rather than held as bullion. This supply-demand balance, not any difference in usefulness, is what keeps silver's per-gram price well below gold's.
Where to buy silver in India
Silver can be bought as coins, bars, or jewellery from a bank or jeweller, or in dematerialised form through commodity exchanges. Physical silver purchases typically carry a making charge (for jewellery) and, on resale, a melting or purity-verification charge, both of which reduce effective returns compared to the quoted market price.
How to invest in Silver without buying physical metal
The National Spot Exchange offers an E-Silver product that lets investors buy and hold silver in demat form at real-time domestic prices, without taking physical delivery — a minimum lot is usually required, and a separate demat account with a supporting depository is needed to trade it. Commodity traders can also use MCX silver futures for price exposure. Unlike gold, there is currently no dedicated silver ETF traded on Indian stock exchanges, so demat/futures routes are the main paper-silver options.
This tracks the international spot price converted to INR, with India's 15% import duty included — it still won't exactly match Indian retail or MCX silver rates, which also factor in GST and dealer premiums on top of this. Use the calculator above to add GST and your own making-charge estimate.