Price, Charges & Tax
Silver Import Duty & GST
The taxes built into every silver price.
Rates as on 26 September 2026 · Updated 27 September 2026
Today’s silver (Delhi)
₹2,50,000/kg
₹250 per gram, excl. GSTOverview
India imports most of the silver it consumes. The July 2024 Budget cut the effective import duty on silver to 6% (5% basic customs duty + 1% AIDC). Retail sales attract 3% GST; job work on your own silver attracts 5%.
| Particular | Details |
|---|---|
| Import duty | 6% (5% BCD + 1% AIDC) |
| GST on silver | 3% |
| Job work | 5% on labour |
| Silver ETF | No GST |
GST by product
| Product | GST |
|---|---|
| Bars / coins | 3% |
| Jewellery & articles | 3% on metal + making |
| Digital silver | 3% |
| Silver ETF / FoF | Not applicable |
| Making from own silver | 5% on job work |
Frequently asked questions
Is there TCS on silver?
Check current rules; PAN is needed for purchases of ₹2 lakh or more.
Silver rates are indicative market references (26 September 2026) and change during the day. Rules on tax, hallmarking and investment products can change — verify with official sources. FinancePortal does not sell silver.