🇮🇳 Silver Price in India Today
Live silver rates in INR. Fine silver, sterling, and coin silver prices per gram, tola, and ounce.
Silver spot price
₹6,774.19/oz
▲ +1.22%Last updated: 8 minutes ago
.999
Fine Silver
₹217.58
Per gram
.925
Sterling
₹201.46
Per gram
.900
Coin Silver
₹196.02
Per gram
.800
European
₹174.24
Per gram
Silver price in India - All purities
| Purity | Per gram | Per 10g | Per tola | Per troy oz | Per kg |
|---|---|---|---|---|---|
| .999 Fine Silver | ₹217.58 | ₹2,175.77 | ₹2,537.78 | ₹6,767.41 | ₹217,577.24 |
| .925 Sterling | ₹201.46 | ₹2,014.60 | ₹2,349.79 | ₹6,266.12 | ₹201,460.41 |
| .900 Coin Silver | ₹196.02 | ₹1,960.16 | ₹2,286.29 | ₹6,096.77 | ₹196,015.53 |
| .800 European | ₹174.24 | ₹1,742.36 | ₹2,032.25 | ₹5,419.35 | ₹174,236.03 |
| .720 Mexican | ₹156.81 | ₹1,568.12 | ₹1,829.03 | ₹4,877.42 | ₹156,812.43 |
Silver price by quantity in India
| Quantity | .999 Fine Silver | .925 Sterling |
|---|---|---|
| 1g | ₹217.58 | ₹201.46 |
| 10g | ₹2,175.77 | ₹2,014.60 |
| 50g | ₹10,878.86 | ₹10,073.02 |
| 100g | ₹21,757.72 | ₹20,146.04 |
| 1 kg | ₹217,577.24 | ₹201,460.41 |
| 1 tola | ₹2,537.78 | ₹2,349.79 |
| 5 tola | ₹12,688.89 | ₹11,748.97 |
| 10 tola | ₹25,377.77 | ₹23,497.94 |
Silver purity guide
.999 Fine Silver — 99.9% pure. Investment bars, bullion coins (Silver Eagles, Maple Leafs, Britannias).
.925 Sterling Silver — 92.5% pure + 7.5% copper. Jewelry, silverware, flatware. Stamped '925'.
.900 Coin Silver — 90% pure. Pre-1964 US coins, Morgan dollars, Walking Liberty halves.
.800 European Silver — 80% pure. Older European silverware, some Middle Eastern silver.
.720 Mexican Silver — 72% pure. Mexican silver coins and traditional jewelry.
Gold to Silver Ratio
Gold/Silver Ratio: 62:1
It takes 62 ounces of silver to buy 1 ounce of gold
Silver price by city in India
Silver price in nearby countries
Market analysis by Priya Venkataraman·Senior Gold Markets Analyst·Last updated April 2026About silver market in India
India is one of the world's largest silver markets. Silver is deeply embedded in Indian culture — used for jewelry (anklets, toe rings), silverware (thali, glasses), religious items (pooja thali, idols), and coins for festivals. Prices are quoted per kilogram. 3% GST applies.
Silver vs Gold in India
The current gold/silver ratio is 62:1, meaning it takes 62 ounces of silver to buy one ounce of gold. In India, gold is ₹417,329.95 per oz while silver is ₹6,774.19 per oz. Silver is significantly more affordable than gold, making it accessible for smaller investors. Silver is also more volatile, offering higher percentage returns during bull markets but larger drawdowns during corrections.
How silver prices are set in India
Silver prices in India start from the international silver spot price, quoted in US dollars per troy ounce on global markets, and are converted into INR using the live exchange rate. Local dealers and jewellers then add a margin, and for finished items a making charge of around 8–25%. Silver is far more volatile than gold — it is a smaller market pulled by both investment and industrial demand — so the local price can swing more sharply from day to day, and the rate you see can move noticeably even within a single trading session.
Silver buying guide for India
Silver in India is bought as coins, bars and jewellery. For investment, .999 fine silver coins and bars give you the most metal for your money; for ornaments, .925 sterling silver is the standard. Buy from reputable sellers — established markets such as Zaveri Bazaar (Mumbai), Dariba Kalan (Delhi), Karol Bagh (Delhi), T. Nagar (Chennai), Johari Bazaar (Jaipur) and trusted names like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, Joyalukkas, PC Jeweller — and look for a clear purity stamp (BIS hallmarking with a 6-digit HUID where it applies) plus an itemised bill showing weight, purity and the rate. Because silver carries a higher making-charge and dealer-margin percentage than gold relative to its value, comparing a few sellers matters even more.
Silver as an investment in India
Silver offers buyers in India a lower-cost entry into precious metals than gold, but with more risk and reward. Common forms include .999 coins and bars, silver ETFs and, for some, silverware that doubles as a store of value. Silver tends to amplify gold's moves — rising faster in bull markets and falling harder in downturns — partly because around half its demand is industrial. Many investors watch the gold-to-silver ratio, currently about 62:1, and add silver when the ratio is historically high in the hope it narrows. Treat silver as a higher-volatility satellite to a core gold holding rather than a one-for-one substitute.
Taxes and duties on silver in India
Silver in India carries 3% GST on the value of the metal, and imported silver attracts an import duty as well. These add to the spot-based price, and making charges are taxed too, so the counter price is higher than the quoted metal rate. Keep your tax-paid invoice — it matters for resale and compliance.
Best time to buy silver in India
Silver demand in India rises around Akshaya Tritiya, Dhanteras, Diwali, the November–February wedding season, when gifting and jewellery buying pick up and premiums can firm. If you are buying for an occasion, planning ahead of these peaks usually means better availability and pricing. Because silver is volatile, averaging your purchases — buying smaller amounts regularly rather than one lump — is the simplest way to manage timing. Some buyers also watch the gold-to-silver ratio and add to silver when it looks historically stretched relative to gold.
Industrial vs investment demand for silver
Unlike gold, around half of all silver demand is industrial, and that is central to its price. Silver is the best conductor of electricity and heat of any metal, which makes it essential in solar panels, electric vehicles, electronics and the data centres powering AI. This structural demand has grown fast, tightening the market even as investment demand rises. It also ties silver to the economic cycle in a way gold is not: industrial buying can support prices in good times but soften in a slowdown. For investors, that dual nature — part precious metal, part industrial commodity — is exactly what makes silver both promising and more volatile.
Silver price trends in India
Silver has been one of the standout performers into 2026, rallying sharply — by well over 100% from its recent lows — as investment and industrial demand collided with tight supply. The same forces lifting gold (central-bank buying, geopolitical risk, currency weakness) have spilled into silver, while booming demand from solar, EVs and AI infrastructure has added a powerful industrial tailwind. In India, the local silver price reflects all of this plus the INR exchange rate. The gold-to-silver ratio, around 62:1, remains historically elevated, which many analysts argue leaves room for silver to keep closing the gap — though its high volatility means sharp pullbacks along the way are normal.
Frequently asked questions
What is the silver price in India today?▾
Today's .999 fine silver in India is ₹217.58 per gram (₹217,577.24 per kg). Sterling silver (.925) is ₹201.46 per gram. Based on COMEX spot price converted to INR.
Is silver a good investment in India?▾
Silver has surged driven by industrial demand (solar panels, EVs, AI), supply deficits, and safe-haven buying. At $71.18/oz, analysts see potential. Silver is more volatile than gold but offers higher percentage returns during bull markets.
What is sterling silver (925) worth per gram in INR?▾
Sterling silver (.925) is currently ₹201.46 per gram in INR. It's 92.5% pure silver + 7.5% copper alloy.
How much is 1 kg of silver in INR?▾
1 kg of .999 fine silver is ₹217,577.24. 1 kg of sterling (.925) is ₹201,460.41.
Is silver taxed in India?▾
Silver tax in India: 3% GST.
Is silver a good investment in India?▾
Silver can be a good investment in India for those comfortable with volatility. It is cheaper per gram than gold, has strong industrial demand from solar, EVs and electronics, and tends to rise faster than gold in bull markets — but it also falls harder. Many hold it as a higher-risk complement to gold.
What is the difference between .999 and .925 silver?▾
.999 (fine) silver is 99.9% pure and used for investment coins and bars. .925 (sterling) silver is 92.5% pure, alloyed with copper for strength, and used for jewellery and tableware. Fine silver holds more metal value; sterling is more durable for everyday items.
Will silver prices keep rising in 2026?▾
No one can predict prices, but the drivers behind silver's 2026 rally — industrial demand from solar, EVs and AI, plus safe-haven buying — remain in place, and the gold-to-silver ratio is historically high. Expect strong long-term potential alongside sharp short-term swings.
Silver Silver price by quantity in