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Live · India · 28 Sep 2026

Silver rate today in India

Today's silver price in rupees, worked out from the live international price, the live dollar rate and India's import duty. Prices update every 10 seconds.

Silver: ₹2,16,335 per kg (₹216/g). The rate is down 1.96% from the previous day. International spot: $60.99/oz at ₹95.93 per dollar. Prices exclude 3% GST.

Silver per kg₹2,16,335999 fine
Silver per 10 g₹2,163₹216/g
Sterling (925) per 10 g₹2,001metal value

Silver price by weight

WeightSilver (999)Sterling (925)
1 gram₹216₹200
10 grams₹2,163₹2,001
1 tola (11.66 g)₹2,523₹2,334
100 grams₹21,633₹20,011
500 grams₹1,08,167₹1,00,055
1 kg₹2,16,335₹2,00,109

Before 3% GST. With GST, 10 g of silver costs about ₹2,228.

Silver price trend (per kg)

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Based on the Kinesis Silver token price (1 token = 1 troy ounce), converted at today's dollar rate plus 15% duty.

Silver rate in India: last 10 days

DatePer 10 gPer kgChange
28 Sep 2026 ₹2,180₹2,17,955 1.96%
27 Sep 2026 ₹2,223₹2,22,311 1.49%
26 Sep 2026 ₹2,257₹2,25,676 0.12%
25 Sep 2026 ₹2,259₹2,25,947 1.74%
24 Sep 2026 ₹2,221₹2,22,075 2.08%
23 Sep 2026 ₹2,268₹2,26,795 4.02%
22 Sep 2026 ₹2,363₹2,36,298 1.17%
21 Sep 2026 ₹2,336₹2,33,571 0.88%
20 Sep 2026 ₹2,356₹2,35,639 0.75%
19 Sep 2026 ₹2,339₹2,33,892 0.66%

Each day's closing international price (India time) at that day's reference dollar rate, plus 15% duty, before GST. Weekend rows follow round-the-clock token trading while bullion markets are shut.

How the silver rate in India is worked out

Gold and silver are priced worldwide in US dollars per troy ounce (31.1035 grams). India imports almost all the silver it uses, so the Indian rate starts from that global price:

  1. International spot price: $60.99 per ounce.
  2. Into rupees per gram: $60.99 × ₹95.93 ÷ 31.1035 = ₹188.12 per gram.
  3. Add import duty of 15%: ₹188.12 × 1.15 = ₹216.33 per gram.
  4. At the shop: 3% GST is added.

The government raised the effective import duty on gold and silver bullion from 6% to 15% on 13 May 2026 to slow imports and support the rupee. That change alone lifted Indian prices by roughly 8% overnight, and it is why the Indian rate now sits well above the world price.

Rates also differ slightly between cities and shops because of transport, local demand and each jeweller's margin. Chennai, Mumbai, Delhi and Kolkata associations each publish a daily rate, and these usually sit within about 1% of the figure above. Check your jeweller's board rate before you buy.

Buying silver: what to check

  • Purity: coins and bars are usually 999 fine. Jewellery and utensils are often 925 sterling or lower, so ask for the purity on the bill. BIS hallmarking for silver is voluntary.
  • Making charges and buyback: as with gold, making charges are not refunded when you sell, and buyback rates are usually a little below the day's rate.
  • Other ways to own silver: silver ETFs and fund-of-funds track the price without storage costs.

Also see today's gold rate and the USD to INR rate, which moves Indian silver prices every day.

FAQ

What is the silver rate today in India?

Silver (999 fine) is about ₹216 per gram and ₹2,16,335 per kg today, 28 Sep 2026, before 3% GST. Local jewellers' rates are usually within about 1% of this.

What is 925 sterling silver?

Sterling silver is 92.5% silver mixed with copper for strength, and is used for jewellery and utensils. Its metal value is about ₹200 per gram today. Coins and bars are usually 999 fine silver.

Why is silver more expensive in India than the international price?

Since 13 May 2026 silver imports carry an effective duty of 15%, up from 6%, which lifts the Indian rate about 15% above the global spot price in rupees. 3% GST is added when you buy.

How much GST is charged on silver?

3% GST applies to silver coins, bars, jewellery and articles, usually on the full bill including making charges.

Why does silver move more than gold?

Silver is a much smaller market, and about half of demand comes from industry, such as solar panels and electronics. That makes its price swing harder than gold in both directions. Over the last 12 months silver moved +37.5% in dollars.

What is the price of 1 kg silver in India?

About ₹2,16,335 today before GST, or about ₹2,22,825 with 3% GST.

Indicative rates. These prices are estimates from the international spot price, the reference dollar rate and the current import duty. They are not a quote from any jeweller or exchange. Confirm the rate with your seller before you buy. Not investment advice.