Estimated silver benchmark
Silver Rate Today in India
10:58 pm IST
Estimated 999 silver price per gram and per kilogram, calculated from an international market benchmark and the latest available USD/INR rate.
₹184.23
/ gram
999 fine silver
₹1,842
/ 10 g
₹1,84,227
/ kilogram
Any weight
Enter weight to calculate value (999 silver)
₹46,057
Indicative estimate including 15% import duty and 3% GST. Dealer premiums, making charges and other fees are excluded. Actual local quotes can differ; market data may be delayed.
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Silver price calculator
Price any quantity at any fineness, then add the making charge your jeweller quotes to see the full invoice.
Stamped on the article
Ask your jeweller for this number
%
Estimated invoice
Metal value
10 g at 925 fineness
₹1,656
Making charges
12% of metal value
₹198.73
GST at 3%
On metal plus making
₹55.65
Total payable
₹1,910
Effective cost per gram
₹191.05
Built from the benchmark used above. Import duty is already inside the metal value. Hallmarking fees, wastage and any dealer premium are not — add them to the making charge if your jeweller quotes them separately.
Silver price chart in rupees
Each point is that day's international closing benchmark converted at that day's USD/INR rate. Historical values exclude import duty, GST and dealer premiums.
Historical data temporarily unavailable.
Silver price today by weight and purity
Estimated rates including 15% import duty and 3% GST. Making charges, wastage and dealer premiums are excluded.
| Weight | 999 silver Fine silver | 925 silver Sterling silver | 900 silver Coin silver | 800 silver Continental silver |
|---|---|---|---|---|
| 1 g | ₹184.23 | ₹170.58 | ₹165.97 | ₹147.53 |
| 8 g | ₹1,474 | ₹1,365 | ₹1,328 | ₹1,180 |
| 10 g | ₹1,842 | ₹1,706 | ₹1,660 | ₹1,475 |
| 50 g | ₹9,211 | ₹8,529 | ₹8,299 | ₹7,376 |
| 100 g | ₹18,423 | ₹17,058 | ₹16,597 | ₹14,753 |
| 500 g | ₹92,113 | ₹85,290 | ₹82,985 | ₹73,764 |
| 1 kg | ₹1,84,227 | ₹1,70,580 | ₹1,65,970 | ₹1,47,529 |
Bullion bars, coins and investment silver
Jewellery, cutlery and hallmarked articles
Older coinage and heritage pieces
Imported antique and decorative ware
How today's silver rate in India is calculated
Five steps estimate a rupee price from an international USD benchmark. Futures benchmarks can differ from physical spot prices and local dealer quotes.
USD / oz
Start with the international price
$51.02
/ troy oz
The international silver benchmark is quoted in US dollars. Futures and physical spot prices can differ; this calculation is an estimate, not a dealer quote.
÷ 31.1035
Convert the ounce to grams
$1.64
/ gram
A troy ounce is 31.1035 grams, not the 28.35 grams of an ordinary ounce. Using the wrong ounce overstates the price by about ten per cent.
× ₹94.91
Convert dollars to rupees
₹155.69
/ gram
At the latest available USD/INR rate. The rupee estimate can change even when the dollar benchmark does not, because exchange rates also move.
+ 15%
Add 15% import duty
₹179.04
/ gram
India imports almost all of its silver. Basic customs duty and the agriculture infrastructure cess land on the metal before it reaches a dealer.
+ 3%
Add 3% GST
₹184.23
/ gram
Apply GST, then multiply by 0.999 for 999 fineness to match the headline estimate. Dealer premiums and making charges are excluded.
This calculation assumes 15% standard import duty (10% basic customs duty plus 5% AIDC, effective 13 May 2026) and 3% GST. Actual customs valuation, concessions and dealer premiums can differ.
National silver estimate for major Indian cities
These rows use the same national benchmark for comparison. We do not collect separate dealer prices in each city.
Why the rows match
Every row repeats our calculated national estimate. Local bullion association rates and dealer quotes can differ because of supply, transport, premiums and tax treatment. Compare quotes on the same purity and tax basis.
| City | 10 g | 100 g | 1 kg |
|---|---|---|---|
Mumbai Maharashtra | ₹1,842 | ₹18,423 | ₹1,84,227 |
Delhi NCR | ₹1,842 | ₹18,423 | ₹1,84,227 |
Chennai Tamil Nadu | ₹1,842 | ₹18,423 | ₹1,84,227 |
Kolkata West Bengal | ₹1,842 | ₹18,423 | ₹1,84,227 |
Bengaluru Karnataka | ₹1,842 | ₹18,423 | ₹1,84,227 |
Hyderabad Telangana | ₹1,842 | ₹18,423 | ₹1,84,227 |
Pune Maharashtra | ₹1,842 | ₹18,423 | ₹1,84,227 |
Ahmedabad Gujarat | ₹1,842 | ₹18,423 | ₹1,84,227 |
Jaipur Rajasthan | ₹1,842 | ₹18,423 | ₹1,84,227 |
Lucknow Uttar Pradesh | ₹1,842 | ₹18,423 | ₹1,84,227 |
Surat Gujarat | ₹1,842 | ₹18,423 | ₹1,84,227 |
Nagpur Maharashtra | ₹1,842 | ₹18,423 | ₹1,84,227 |
Coimbatore Tamil Nadu | ₹1,842 | ₹18,423 | ₹1,84,227 |
Kochi Kerala | ₹1,842 | ₹18,423 | ₹1,84,227 |
Chandigarh Punjab | ₹1,842 | ₹18,423 | ₹1,84,227 |
Visakhapatnam Andhra Pradesh | ₹1,842 | ₹18,423 | ₹1,84,227 |
999 fine silver, inclusive of import duty and GST, excluding making charges and dealer premium. These rows repeat one national estimate; they are not local dealer quotes.
What moves the silver price
Silver is unusual: half its demand is industrial and half is investment, so it responds to two very different sets of forces.
Industrial demand
Roughly half of all silver consumed goes into solar cells, electrical contacts, brazing alloys and electronics. Silver is the most conductive metal there is, which makes it hard to substitute — so manufacturing cycles move the price directly.
The dollar and the rupee
Silver is quoted in US dollars. A weaker rupee raises the price in India even when the international rate has not moved at all, which is why the rupee chart and the dollar chart can disagree.
Investment and safe-haven flows
When real interest rates fall or inflation expectations rise, capital moves into precious metals. Silver follows gold in direction but typically with larger swings in both directions.
Duty and tax changes
Import duty and GST are applied on top of the landed metal cost. A budget revision to either changes the retail rate overnight, with no movement in the underlying market.
Mine supply and recycling
Most silver is a by-product of copper, lead and zinc mining, so supply responds to those markets rather than to silver's own price. Recycled scrap fills the gap when prices run high.
The gold-silver ratio
Traders watch how many ounces of silver one ounce of gold buys. A historically wide ratio is often read as silver being cheap relative to gold, and tends to attract buying.
Silver purity, explained
The number stamped on an article tells you how much of it is actually silver. Price scales with that number, not with weight alone.
999
Fine silver
99.9% silver
₹184.23 / g
925
Sterling silver
92.5% silver
₹170.58 / g
900
Coin silver
90.0% silver
₹165.97 / g
800
Continental silver
80.0% silver
₹147.53 / g
Hallmarking
Silver hallmarking remains voluntary in India. Under IS 2112:2025, a hallmarked silver article carries the BIS Standard Mark with SILVER, its purity grade and a HUID code. Check the hallmark and ask for purity to be recorded on the invoice.
Silver rate questions
What buyers most often ask about the silver price in India, the taxes inside it, and how to read a jeweller's quote.
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