Silver Rate in India Today 2026: Prices per Gram
The silver rate in India on 15 October 2026 is ₹208.53 per gram for 999-fineness silver, according to the daily bullion rate tracked against MCX and LBMA benchmarks. India is one of the world’s largest silver consumers, and the domestic silver rate in India moves with international prices, the rupee-dollar exchange and local dealer spreads. Pakistani readers often compare Indian rates with home markets because both countries quote silver in grams and tolas. Also see the silver rate today in Pakistan and the gold rate today for the full metals picture.
Silver Rate in India Today: Price Table by Weight
Reference rates dated 15 October 2026 for 999-fineness silver:
| Weight | Price (INR) |
|---|---|
| 1 gram | ₹208.53 |
| 8 grams | ₹1,668.25 |
| 10 grams | ₹2,085.32 |
| 100 grams | ₹20,853.17 |
| 1 kilogram | ₹208,531.68 |
| 1 troy ounce (31.1035g) | ₹6,486.06 |
| 1 tola (11.6638g) | ₹2,432.10 |
At current prices, 100 grams works out to ₹20,853.17 and one kilogram to about ₹2.09 lakh. City-level quotes vary slightly: reference retail rates in cities such as Rajkot and Madurai sit around ₹215 per gram once local premiums and 3 per cent GST are factored in. Mumbai’s Zaveri Bazar remains the reference market that most other Indian cities price from. These figures change daily, so always verify the latest silver rate in India before buying. Our silver rate page tracks the Pakistani side.
What Drives the Indian Silver Price
Indian silver tracks the international spot price, the USD to INR exchange rate, import costs and festival-driven retail demand. Since India applies roughly 15 per cent import duty plus 3 per cent GST on silver, the domestic silver rate in India usually sits above the international benchmark. Diwali and the wedding season typically lift premiums, while quiet months can narrow dealer spreads. Silver also follows gold’s trend loosely, rising on safe-haven demand during geopolitical tension. For context on currency effects, check the dollar rate today.
Tracking the Live Silver Rate
Daily Indian bullion trackers such as MetalsCost silver rates and All India Bullion publish gram-level rates updated through the day. When buying coins or bars, compare the quote against the live rate and insist on a bill showing purity and GST separately. Retail invoices add making charges and taxes on top of the reference Indian silver price, so the shop price will exceed the figures quoted here. Because these rates change daily, recheck the current silver rate in India before every purchase.
First-time silver buyers in India often start with 100-gram bars, which sit between the high per-gram premiums of small coins and the heavy outlay of a kilogram. Coins from government mints carry authentication and are easier to resell than anonymous bars. Store silver in a dry place and keep bills safe, since tarnished or undocumented metal fetches lower buy-back prices. Comparing the per-gram cost across 10-gram, 100-gram and 1-kilogram packs usually shows that larger packs are cheaper per gram. Industrial demand from electronics and solar panels adds a fundamental floor under silver prices, which is why the metal often outperforms gold in percentage terms during bull markets. For small savers, silver remains the most accessible entry point into precious metals.
FAQs
What is the silver rate in India today?
On 15 October 2026, 999-fineness silver is ₹208.53 per gram, ₹2,085.32 per 10 grams and about ₹2.09 lakh per kilogram.
How much is one tola of silver in India?
One tola (11.6638 grams) costs about ₹2,432 at the current reference rate, before GST and making charges.
Why does the silver price vary between Indian cities?
Local dealer spreads, transport and insurance costs, and demand differences move city rates slightly above the Mumbai benchmark.
Is silver cheaper in India than in Pakistan?
It depends on the day’s exchange rates and duties; compare the two markets on the same date for a fair view.
Do silver rates change daily in India?
Yes, they follow international spot prices, currency moves and local demand, and are updated daily.
Frequently Asked Questions: Silver Rates in India
Silver rate in India draws heavy search interest from both sides of the border — silver is India’s jewellery and investment metal alongside gold. This FAQ covers the silver price in India today per gram, the silver rate India 10 gram convention, silver price forecast India debates, and the chandi rate today India market.
Silver Price in India Today per Gram
The silver price in India today per gram is quoted by bullion associations in major cities, tracking international spot silver and the rupee-dollar rate. Unlike gold’s per-tola convention in Pakistan, Indian retail commonly quotes the silver rate India 10 gram figure — always confirm the unit before comparing prices across sources. The chandi rate today India you see online is indicative; your jeweller’s selling price adds making charges and GST.
What Drives Silver Prices?
Silver rate in India follows global silver, which dances to two tunes: precious-metal safe-haven demand and industrial demand (solar panels, electronics). This dual nature makes silver more volatile than gold — bigger rallies, sharper falls. Indian festive and wedding seasons add predictable domestic demand spikes that temporarily lift the silver price in India today per gram above the international trend.
Silver Price Forecast India: Caution
Every silver price forecast India should be read sceptically — analysts extrapolate recent trends, and silver punishes extrapolation. The metal’s industrial demand growth (especially solar) is a genuine long-term support, but timing purchases on forecasts is speculation. Buyers should focus on what they control: purity certification (BIS hallmark), transparent making charges, and buyback terms.
Silver as Investment vs Gold
Compared at the silver rate India 10 gram level, silver offers a lower entry ticket than gold and higher volatility — attractive to risk-tolerant investors, stressful for conservative savers. Storage and resale spreads are wider than gold’s. For most households, silver works as diversification alongside gold, not a replacement.
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