MoneyUpdated 9 Sep 2026, 04:46 · indicative reference · day range ₹229,027–₹233,113 per kg
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Detailed silver rates in Indore
| Purity | 1 g | 10 g | 100 g | 1 kg |
|---|---|---|---|---|
| 999 (Fine) | ₹231 | ₹2,315 | ₹23,149 | ₹231,486 |
Figures are the metal value only — jeweller making charges and 3% GST are added on top.
10-day silver price trend — Indore
| Date | 999 close / kg | Change |
|---|---|---|
| 09 Sep | ₹231,573 | +₹1,968 |
| 08 Sep | ₹229,605 | +₹866 |
| 04 Sep | ₹228,739 | −₹3,208 |
| 03 Sep | ₹231,947 | +₹7,792 |
| 02 Sep | ₹224,154 | +₹364 |
| 01 Sep | ₹223,790 | −₹5,552 |
| 31 Aug | ₹229,342 | −₹2,681 |
| 28 Aug | ₹232,023 | −₹8,429 |
| 27 Aug | ₹240,452 | +₹4,984 |
| 26 Aug | ₹235,468 | −₹2,238 |
Silver rate in Indore — local context
Indore is in Madhya Pradesh. GST on gold and silver is a uniform 3% nationwide, so the rate in Indore differs from the pan-India benchmark only by the small Central India retail premium local jewellers apply, plus their own making-charge conventions.
GST on silver is a uniform 3% across Madhya Pradesh and the rest of India, so the price you pay in Indore differs from other cities mainly by the local retail premium jewellers apply over the IBJA benchmark and by making-charge conventions — typically 1–2% on the metal value.
Frequently asked questions
What is the silver price in Indore today?
As of 9 Sep 2026, the indicative 999 silver rate in Indore is about ₹231,486 per kg (₹231.49 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.