MoneyUpdated 9 Sep 2026, 02:58 · indicative reference · day range ₹227,759–₹231,754 per kg
Calculator
Enter any amount to see how much silver you can get
Detailed silver rates
| Purity | 1 g | 10 g | 100 g | 1 kg |
|---|---|---|---|---|
| 999 (Fine) | ₹230 | ₹2,298 | ₹22,984 | ₹229,843 |
Figures are the metal value only — jeweller making charges and 3% GST are added on top.
10-day silver price trend
| Date | 999 close / kg | Change |
|---|---|---|
| 09 Sep | ₹231,083 | +₹2,749 |
| 08 Sep | ₹228,334 | +₹861 |
| 04 Sep | ₹227,473 | −₹3,190 |
| 03 Sep | ₹230,663 | +₹7,750 |
| 02 Sep | ₹222,913 | +₹361 |
| 01 Sep | ₹222,552 | −₹5,521 |
| 31 Aug | ₹228,073 | −₹2,665 |
| 28 Aug | ₹230,738 | −₹8,383 |
| 27 Aug | ₹239,121 | +₹4,956 |
| 26 Aug | ₹234,165 | −₹2,225 |
How the silver rate in India is set
India’s silver rate is set by the international price in US dollars, the USD/INR exchange rate, import duty and a uniform 3% GST. City-to-city differences are small and come from local jewellers’ association benchmarks, the regional retail premium, and making-charge conventions rather than tax. The India Bullion & Jewellers Association (IBJA) rate published from Mumbai is the benchmark most jewellers follow.
Use the location selector at the top for any Indian city or a country like Dubai, Pakistan, Nepal or the UK. Popular Indian cities: Delhi · Mumbai · Chennai · Kolkata · Bengaluru · Hyderabad · Pune · Ahmedabad.
Frequently asked questions
What is the silver price in India today?
As of 9 Sep 2026, the indicative 999 silver rate in India is about ₹229,843 per kg (₹229.84 per gram). Rates update through the day and exclude jeweller making charges.
Why does the silver rate differ between Indian cities?
GST on silver is a uniform 3% across India, so state-level differences are now small. Remaining variation comes from local jewellers’ association benchmarks, transport and insurance from bullion hubs, coin/bar premiums and local demand.
How is the silver rate in India calculated?
The pan-India reference rate is derived from the international silver price (US dollars per troy ounce) converted to rupees per gram at the live USD/INR rate, then adjusted for India’s import duty and 3% GST. Jewellers add making charges and hallmarking on top.
Is GST included in the silver rate shown here?
The headline per-gram rate is the metal value only. The calculator on this page adds 3% GST and optional making charges so you can see the final billed amount.
What will silver prices be tomorrow?
No one can reliably predict the next day’s silver price. It moves with the international silver price, the US dollar, interest-rate expectations and safe-haven demand. This page updates through the day so you can track the trend.