Friday, 24 July 2026
Silver Rate Today in India
Live spot-equivalent silver price in rupees, computed from the international silver price and the current USD-INR rate.
Per kilogram
₹1,78,810
Per 10 grams
₹1,788
Inputs: silver $57.50/oz · USD-INR ₹96.72
About this rate
This is the market reference rate for silver in India, converted live from the international spot market. Physical silver — coins, bars, utensils, jewellery — retails above this rate once GST, dealer margins, and making charges are added. Track this page to see the underlying market move; confirm final prices with your dealer.
Frequently asked questions
Why does silver move more sharply than gold?
Silver's market is far smaller than gold's, and roughly half of demand is industrial (solar panels, electronics, EVs). It behaves partly like a precious metal and partly like an industrial commodity, so both investment flows and factory demand swing the price.
How is the silver rate in rupees calculated?
The international spot price (US dollars per troy ounce) is converted using the live USD-INR rate: dollars per ounce × rupees per dollar ÷ 31.103 grams, scaled to 10 grams or a kilogram.
Is GST charged on silver purchases?
Yes — 3% GST applies to silver bought as coins, bars, or jewellery, and jewellery adds making charges on top. Retail prices therefore sit above the spot-equivalent rate shown here.