Silver Rate in India: Today’s Silver Price
Today’s silver price per gram, 10 grams and kilogram in India and 40+ cities, with the last 10 days’ trend, 2026 monthly history, purity grades, hallmark, GST, making charges and every way to invest in silver.
Rates as on 26 September 2026 · Updated 27 September 2026Silver rate in India today — 26 September 2026
Retail board rate for fine silver (999) in Delhi, excluding 3% GST and making charges. Change is versus 25 September 2026.
| Weight | Today | Yesterday | Change |
|---|---|---|---|
| 1 gram | ₹250 | ₹250 | — no change |
| 8 grams | ₹2,000 | ₹2,000 | — no change |
| 10 grams | ₹2,500 | ₹2,500 | — no change |
| 100 grams | ₹25,000 | ₹25,000 | — no change |
| 1 kg | ₹2,50,000 | ₹2,50,000 | — no change |
Silver price by purity (per 10 g)
| Grade | Name | Metal value / 10 g | Per kg |
|---|---|---|---|
| 999 | Fine silver | ₹2,500 | ₹2,50,000 |
| 970 | Traditional silver | ₹2,427 | ₹2,42,743 |
| 958 | Britannia silver | ₹2,397 | ₹2,39,740 |
| 925 | Sterling silver | ₹2,315 | ₹2,31,483 |
| 900 | Coin silver | ₹2,252 | ₹2,25,225 |
| 835 | Standard alloy | ₹2,090 | ₹2,08,960 |
| 800 | Lowest BIS grade | ₹2,002 | ₹2,00,200 |
Silver rate in Indian cities today
| City | 1 g | 10 g | 100 g | 1 kg |
|---|---|---|---|---|
| Mumbai | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Delhi | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Bangalore | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Chennai | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Hyderabad | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Kolkata | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Pune | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Ahmedabad | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Surat | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Vadodara | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Rajkot | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Jaipur | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Jodhpur | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Lucknow | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Kanpur | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Varanasi | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Noida | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Gurgaon | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Chandigarh | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Ludhiana | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Amritsar | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Dehradun | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Patna | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Ranchi | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Bhubaneswar | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Guwahati | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Bhopal | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Indore | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Nagpur | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Nashik | ₹255 | ₹2,550 | ₹25,500 | ₹2,55,000 |
| Raipur | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Coimbatore | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Madurai | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Salem | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Tiruchirappalli | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Kochi | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Thiruvananthapuram | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Mangalore | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Mysore | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Vijayawada | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Visakhapatnam | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Goa | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Agra | ₹250 | ₹2,500 | ₹25,000 | ₹2,50,000 |
Silver rates are nearly uniform across India; a few cities carry a small local premium.
Silver rate in top cities
Quick price check
Silver rate calculator
Price of jewellery, coins or articles with purity, making charges and 3% GST.
Silver rate in India — last 10 days
| Date | 1 g | 10 g | 1 kg | Change (1 kg) |
|---|---|---|---|---|
| 26 Sep 2026 | ₹250 | ₹2,500 | ₹2,50,000 | — no change |
| 25 Sep 2026 | ₹250 | ₹2,500 | ₹2,50,000 | — no change |
| 24 Sep 2026 | ₹250 | ₹2,500 | ₹2,50,000 | ▼ ₹5,000 |
| 23 Sep 2026 | ₹255 | ₹2,550 | ₹2,55,000 | — no change |
| 22 Sep 2026 | ₹255 | ₹2,550 | ₹2,55,000 | ▼ ₹5,000 |
| 21 Sep 2026 | ₹260 | ₹2,600 | ₹2,60,000 | — no change |
| 20 Sep 2026 | ₹260 | ₹2,600 | ₹2,60,000 | — no change |
| 19 Sep 2026 | ₹260 | ₹2,600 | ₹2,60,000 | ▲ ₹5,000 |
| 18 Sep 2026 | ₹255 | ₹2,550 | ₹2,55,000 | ▲ ₹5,000 |
| 17 Sep 2026 | ₹250 | ₹2,500 | ₹2,50,000 | — |
Historical trend of silver price in India 2026
| Month | Lowest (1 kg) | Highest (1 kg) | Range |
|---|---|---|---|
| Sep 2026 | ₹2,45,000 | ₹2,55,000 | 4.1% |
| Aug 2026 | ₹2,35,000 | ₹2,60,000 | 10.6% |
| Jul 2026 | ₹2,30,000 | ₹2,50,000 | 8.7% |
| Jun 2026 | ₹2,14,310 | ₹2,98,000 | 39.1% |
| May 2026 | ₹2,55,000 | ₹3,10,000 | 21.6% |
| Apr 2026 | ₹2,33,470 | ₹2,75,000 | 17.8% |
| Mar 2026 | ₹2,80,000 | ₹3,15,000 | 12.5% |
| Feb 2026 | ₹2,75,000 | ₹3,50,000 | 27.3% |
| Jan 2026 | ₹2,38,000 | ₹2,48,000 | 4.2% |
Year-wise silver price in India (approximate, per kg)
| Year | Price level | Key driver |
|---|---|---|
| 2026 (Jan–Sep) | ₹2.1 – 3.5 lakh | All-time high ≈ ₹3.5 lakh/kg in Feb 2026, then sharp correction |
| 2025 | Rallied past ₹1.5 lakh | Global silver crossed $50/oz; solar & industrial demand |
| 2024 | ≈ ₹87,000 avg | Crossed ₹1 lakh/kg in October 2024; import duty cut to 6% |
| 2023 | ≈ ₹74,000 | Industrial demand recovery |
| 2022 | ≈ ₹62,000 | Silver ETFs launched in India |
| 2021 | ≈ ₹66,000 | Post-pandemic recovery |
| 2020 | ≈ ₹62,500 | Pandemic rally from ≈ ₹35,000 lows |
| 2019 | ≈ ₹40,600 | Rate cuts globally |
| 2018 | ≈ ₹38,000 | Range-bound |
| 2017 | ≈ ₹39,000 | GST at 3% |
Year-wise values are approximate and indicate the long-term trend only. Detailed history →
Points to remember before purchasing silver
- Check purity & hallmarkAsk for the grade (999 / 925 …) and HUID; verify on BIS CARE.
- Compare today’s rateUse the city rate on this page as a reference and ask the dealer for the per-gram rate.
- Understand making chargesPer-gram (≈₹3–₹25) or % (≈8–30%) — compare the effective price per gram.
- Ask about buy-backDeductions on resale vary; banks do not buy back coins they sell.
- Get a GST invoiceWeight, purity, rate, making and 3% GST itemised.
- For investment, consider ETFsNo storage, purity or making-charge risk.
Factors affecting silver price in India
| Factor | Impact |
|---|---|
| International silver price | Indian rates follow global USD/oz prices. |
| Industrial demand | Solar panels, electronics and EVs drive more than half of global demand. |
| USD/INR | A weaker rupee raises import cost. |
| Import duty & GST | 6% duty (since July 2024) and 3% GST are built into prices. |
| Gold–silver ratio | Investors rotate between metals when the ratio is extreme. |
| Interest rates & dollar | Higher real rates and a strong dollar weigh on silver. |
| Festival & wedding demand | Dhanteras, Diwali and weddings raise local premiums. |
Main uses of silver in India
Anklets, toe rings, chains and oxidised jewellery.
Lamps, plates, idols and gifting.
Best electrical conductor — used in PV cells and circuits.
Antibacterial dressings and coatings.
Coins, bars, ETFs and funds.
Mirrors, brazing alloys, batteries.
India is among the world’s largest silver consumers and imports most of its requirement; domestic output comes mainly as a by-product of zinc and lead mining.
Ways to invest in silver
| Option | Minimum | Costs | Regulation | Tax (long-term) |
|---|---|---|---|---|
| Coins & bars | 5 g | Premium, 3% GST, storage | BIS hallmark | 12.5% after 24 m |
| Jewellery / articles | Any | Making charges, 3% GST | BIS hallmark | 12.5% after 24 m |
| Silver ETF | 1 unit | Expense ratio, brokerage | SEBI | 12.5% after 12 m |
| Silver FoF | ₹100–₹500 SIP | ETF + FoF expense | SEBI | 12.5% after 24 m |
| MCX futures | 1 kg (Micro) | Margin, leverage | SEBI (exchange) | Business income |
| Digital silver | ₹1–₹10 | 3% GST + spread | Unregulated | 12.5% after 24 m |
Affordable entry, diversification alongside gold, and exposure to growing industrial demand.
Silver swings far more than gold — e.g. from ≈₹3.5 lakh/kg in Feb 2026 to ≈₹2.1 lakh/kg lows by June 2026.
Silver purity, sterling vs pure & hallmark
| Grade | Silver content | Name | Typical use |
|---|---|---|---|
| 999 | 99.9% | Fine silver | Bars, coins, investment |
| 970 | 97% | Traditional silver | Silverware, utensils |
| 958 | 95.8% | Britannia silver | Premium articles |
| 925 | 92.5% | Sterling silver | Jewellery, daily wear |
| 900 | 90% | Coin silver | Traditional jewellery, anklets |
| 835 | 83.5% | Standard alloy | Utensils, ornaments |
| 800 | 80% | Lowest BIS grade | Large utensils, décor |
Why is silver cheaper than gold?
Silver is far more abundant — roughly 7–8 times more silver is mined than gold each year — and a large share of it is consumed by industry rather than held as a store of value. On 26 September 2026, 24K gold was about 59 times the price of silver per gram (the gold–silver ratio).
Interesting facts about silver
- Silver is the best conductor of electricity and heat of all metals.
- It has natural antibacterial properties used in medicine.
- Most silver is mined as a by-product of lead, zinc and copper.
- 1 troy ounce = 31.1035 g; 1 kg ≈ 32.15 oz; 1 tola ≈ 11.66 g.
How to protect silver from tarnishing
Store in airtight anti-tarnish pouches with silica gel, keep away from perfume and rubber, and clean gently with mild soap or baking soda. Cleaning guide →
GST, making charges & tax on silver
On metal + making. 5% on job work with your own silver.
Duty & GST →≈₹3–₹25 per gram or 8–30% of metal value.
Making charges →12.5% LTCG; 12 m for ETFs, 24 m for physical / digital / FoF.
Tax on silver →Example — 100 g sterling (925) anklets
| Component | Amount |
|---|---|
| Metal value (100 g × ₹250 × 925/999) | ₹23,148 |
| Making @ ₹15/g | ₹1,500 |
| GST @3% | ₹739 |
| Total | ₹25,388 |
Silver guides & calculators
Purity, Hallmark & Care
Grades, sterling vs fine, HUID, testing and cleaning
Price, Charges & Tax
How silver is priced, duty, GST, making charges and capital-gains tax
Ways to Invest in Silver
ETFs, funds, futures, digital silver, coins and bars
Buying, Selling & Borrowing
Silver loans, selling old silver, silver vs gold and uses
Silver Calculators
Article price, investment return and loan eligibility
Where can you buy silver in India?
| Source | Best for | Note |
|---|---|---|
| Jewellers & bullion dealers | Jewellery, articles, bars | Negotiable making; buy-back |
| Banks | Certified coins | Premium; no buy-back |
| Refiners (e.g. MMTC-PAMP) | Coins & bars | Assay certificate |
| Stock exchange | ETFs, futures | Demat required |
| Mutual funds | Silver FoF SIP | No demat |
| Apps | Digital silver | Unregulated |
FAQs on silver rate in India
What is the silver rate in India today?
On 26 September 2026 the retail rate is about ₹250 per gram, ₹2,500 per 10 g and ₹2,50,000 per kg, excluding GST and making charges.
What is a good way to invest in silver in India?
Physical coins and bars suit those who want to hold metal; silver ETFs and silver FoFs avoid storage, purity and making-charge issues.
Where can silver bars be bought in India?
From jewellers, bullion dealers, refiners such as MMTC-PAMP, and many public and private banks.
How much silver am I allowed to own?
There is no legal limit if the source is explained. Keep invoices; taxpayers with income above ₹50 lakh must report jewellery and bullion in Schedule AL of the ITR.
Does India import silver?
Yes — India imports most of the silver it consumes; domestic production is small.
Where can I sell silver bullion?
To jewellers and authorised bullion dealers. Banks do not buy back bullion they sell.
Why does the silver rate change so much?
Industrial demand, global prices, the rupee–dollar rate and investment flows make silver more volatile than gold.
What are the advantages of buying silver coins from a bank?
Assured purity and tamper-proof packaging with a certificate — but banks charge a premium and do not buy them back.
What is silver hallmarking?
BIS certification of purity with a grade and 6-digit HUID under IS 2112:2025, verifiable on the BIS CARE app.
What is the difference between sterling silver and pure silver?
Pure (fine) silver is 99.9%; sterling is 92.5% silver alloyed for strength.
Is GST charged on silver?
Yes, 3% on purchases of silver bars, coins, jewellery and articles; ETFs have no GST.
Is silver affected by currency rates?
Yes — a weaker rupee raises the domestic silver price.
Can I take a loan against silver?
Yes — from 1 April 2026 banks, NBFCs and HFCs can lend against silver jewellery (up to 10 kg) and coins (up to 500 g).
Is silver a better investment than gold?
Silver can rise faster but also fall harder; many investors keep silver as a smaller allocation alongside gold.
How do I clean tarnished silver?
Use mild soap and warm water, a baking-soda paste or a silver polishing cloth; store in airtight pouches.
Disclaimer: Silver rates are indicative market references and change during the day. FinancePortal does not sell silver.