Price, Charges & Tax
Tax on Silver — Capital Gains
How physical silver, silver ETFs and silver funds are taxed.
Rates as on 29 September 2026 · Updated 29 September 2026
Today’s silver (Delhi)
₹2,40,000/kg
₹240 per gram, excl. GSTOverview
Since 23 July 2024, long-term capital gains on silver are taxed at 12.5% without indexation. Physical and digital silver become long-term after 24 months; listed silver ETFs after 12 months; silver fund-of-funds after 24 months.
| Particular | Details |
|---|---|
| LTCG | 12.5% (no indexation) |
| STCG | Slab rate |
| Physical / digital | Long-term after 24 months |
| Silver ETF | Long-term after 12 months |
| Silver FoF | Long-term after 24 months |
Tax by product
| Product | Long-term after | LTCG | STCG |
|---|---|---|---|
| Bars / coins / jewellery | 24 months | 12.5% | Slab |
| Digital silver | 24 months | 12.5% | Slab |
| Silver ETF | 12 months | 12.5% | Slab |
| Silver FoF | 24 months | 12.5% | Slab |
| MCX futures | — | Business income | — |
Other rules
- PAN required for purchases of ₹2 lakh or more
- Cash of ₹2 lakh or more in one transaction is prohibited
- Report jewellery/bullion in Schedule AL of ITR if income exceeds ₹50 lakh
- Gifts from relatives are tax-free
Frequently asked questions
Is there a limit on holding silver?
No statutory limit; keep invoices to explain the source.
Silver rates are indicative market references (29 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.