Silver Price
Tracking India.
Institutional-grade data analytics for 999, 925 and industrial silver purities.
Purity Specific Rates
| Purity | Per 10g | Per 1kg |
|---|---|---|
| Fine Silver 999 | ₹2,821.00 | ₹282,100 |
| Sterling 925 | ₹2,609.43 | ₹260,943 |
| Coin Silver 900 | ₹2,538.90 | ₹253,890 |
| Industrial 800 | ₹2,256.80 | ₹225,680 |
Asset Valuation
Standard 3% GST Included
Historical Trends
30-day market volatility for 999 purity
Regional Indices
Today's Silver Rate in India: Complete Guide for Investors, Jewelry Buyers & Traders
LIVE MARKET UPDATE • 11:05 AM IST
Silver (999) Today: ₹282,100/kg ₹5,500 Up
Updated: Feb 28, 2026
Data Source: MCX, IBJA, Local Markets
Purity Guide
999, 925, 900
City Prices
Location Wise
Investment
Best Strategies
GST & Charges
2024 Tax Rules
For Indian buyers and investors: Silver isn't just a precious metal—it's part of our culture, investment portfolio, and industrial growth. Whether you're buying silver for wedding jewellery, Dhanteras investment, industrial use, or trading on MCX, understanding today's silver rates, purity differences, and market trends is crucial for making informed decisions. This comprehensive guide provides real-time data, practical insights, and expert analysis specifically for the Indian market.
Silver Purity Guide: Which Type Should Indians Buy?
| Purity Type | Indian Name | Today's Price | Best For Indians |
|---|---|---|---|
| 999 Fine Silver | Pure Silver | ₹282.10/g | Investment bars, coins, puja items, long-term savings |
| 925 Sterling Silver | Jewellery Silver | ₹260.94/g | Bridal jewellery, daily wear, utensils, gift items |
| 900 Coin Silver | Coin Silver | ₹253.89/g | Antique coins, traditional ornaments, collectibles |
| 800 Industrial Silver | Industrial Silver | ₹225.68/g | Electrical components, solar panels, industrial use |
For Religious & Cultural Use
In Indian households, silver holds religious significance. Here's what to choose:
-
Puja Items & Idols: Always choose 999 silver for religious items
-
Dhanteras Purchase: Buy 999 silver coins or small bars for good luck
-
Baby's First Utensils: 925 silver is durable and safe
-
Wedding Jewellery: Mix of 925 for durability and 999 for showpieces
For Investment & Savings
Silver as investment in India: Practical considerations
-
Bank Lockers vs Home Safe: For amounts under ₹5 lakh, home safe with insurance is cost-effective
-
BIS Hallmark Importance: Always verify BIS hallmark for purity assurance
-
Liquidity Factor: 999 silver bars have better resale value than jewellery
-
Monthly SIP: Buy 10-50g silver monthly for rupee-cost averaging
City-Wise Silver Prices in India: Where You Get Best Value
Silver prices vary significantly across India due to local taxes, transportation costs, and demand patterns. Here's a detailed analysis for Indian buyers:
Smart Buying Tips for Indians
Festival Season Strategy
- Buy 1-2 months before Diwali/Dhanteras for better prices
- Avoid Akshaya Tritiya rush - prices inflated by 10-15%
- Wedding season (Nov-Feb) sees highest jewellery demand
Location Advantage
- Cities with direct bullion imports (Mumbai, Delhi) have lower prices
- Industrial cities offer better rates for bulk purchases
- Established family jewellers often beat branded showroom prices
Silver Investment Strategies for Indian Investors
| Investment Method | Minimum Amount | Liquidity in India | Best For | Risk Level |
|---|---|---|---|---|
| Physical Silver Bars | ₹5,000+ |
|
Conservative investors, hedge against inflation | Low |
| MCX Silver Futures | ₹50,000+ margin |
|
Active traders, short-term gains | High |
| Silver Jewellery | ₹3,000+ |
|
Dual purpose (wear + investment), weddings | Medium |
| Sovereign Silver Bonds | ₹1,000 |
|
Risk-averse, fixed income + silver exposure | Low |
For Middle-Class Indian Families
Practical silver investment for typical Indian households:
-
1Start with ₹500-1000 monthly: Buy 5-10g silver coins every month
-
2Convert gifts to investment: Instead of silver utensils, ask for silver bars
-
3Create emergency fund: Keep 100-200g silver that can be sold quickly if needed
-
4Plan for children's future: Buy silver on each birthday - builds substantial corpus
For Serious Indian Investors
Advanced strategies for wealth building:
-
1Diversification Rule: Allocate 10-15% of portfolio to silver
-
2Tax Efficiency: Hold for 3+ years for long-term capital gains benefits
-
3Seasonal Trading: Buy April-June (low season), sell Oct-Dec (high season)
-
4Monitor Gold-Silver Ratio: Buy silver when ratio is above 80:1
GST, Making Charges & Hidden Costs in India (2024 Update)
Real Cost Calculator: What You Actually Pay
On silver value
(Standard nationwide)
On jewellery
(Varies by design)
For jewellery making
(Industry standard)
Over spot price
(Dealer margin)
Example: Buying 100g Silver Jewellery
How Indians Can Save on Silver Purchases
For Jewellery Buyers:
- Buy during discount seasons: End of monsoon, post-Diwali
- Opt for simpler designs: Lower making charges (5-8% vs 15-20%)
- Exchange old jewellery: Save on making charges for new pieces
- Buy from manufacturing hubs: Jaipur, Kolkata offer better rates
For Investment Buyers:
- Buy bars instead of coins: Lower premium (1-2% vs 5-10%)
- Purchase in bulk: Negotiate better rates for 1kg+ purchases
- Check GST invoices: Ensure proper billing for future sales
- Compare online vs offline: Some platforms offer lower premiums
Indian Silver Market Analysis: Trends & Predictions
Industrial Demand
India's solar panel and electronics manufacturing is driving 15% annual growth in industrial silver demand.
Rural Economy
Good monsoon and farm income directly correlate with silver jewellery demand in rural India.
Import Dependency
India imports 90% of its silver, making prices sensitive to USD/INR rates and international trade policies.
Indian Seasonal Price Patterns
| Season | Months | Price Trend | Reason | Best For |
|---|---|---|---|---|
| Wedding Season | Nov - Feb | Highest Prices | Peak jewellery demand, festivals | Selling silver |
| Summer Lull | Mar - Jun | Lowest Prices | Minimal weddings, reduced buying | Buying for investment |
| Festival Build-up | Jul - Oct | Rising Prices | Diwali, Dhanteras preparations | Early purchases |
Frequently Asked Questions by Indian Buyers
Is silver investment better than gold?
For Indian investors, both have different roles:
- Gold: Better for wealth preservation, lower volatility
- Silver: Higher growth potential, industrial demand driver
- Recommendation: 70-80% gold, 20-30% silver in precious metals portfolio
Historical data shows silver outperforms gold in bull markets but falls more in corrections.
How important is BIS hallmark for silver?
Extremely important! BIS hallmark guarantees purity and protects against fraud.
With BIS Hallmark
- Guaranteed purity (999, 925, etc.)
- Better resale value
- Legal protection
- Assured weight accuracy
Without BIS Hallmark
- Purity risk (may be 800 sold as 925)
- Lower resale value
- No legal recourse
- Possible weight fraud
When to buy silver jewellery for wedding?
For Indian weddings, timing your silver purchase can save 10-20%:
Prices are lowest, less rush, better bargaining
Prices inflated, limited designs, rushed service
Save on making charges during peak season
How much loss when selling silver?
Selling silver in India involves certain costs:
| Silver Type | Buying Price | Selling Price | Typical Loss |
|---|---|---|---|
| 999 Bars/Coins | Market Rate + 1-3% | Market Rate - 2-4% | 3-7% |
| 925 Jewellery | Market Rate + making (8-15%) | Market Rate - 5-8% | 13-23% |
| Antique/Coins | Market Rate + premium | Market Rate + premium | 0-5% |
Tip: Sell back to the same jeweller for better rates, especially if you have original bill.