Silver Price in India Today
Overall National Trend
Silver prices in India have shown movement influenced by global metal markets, the INR-USD exchange rate, and local demand.
| City | 10 g Price | 100 g Price | 1 kg Price |
| New Delhi | ₹2,103.89 | ₹21,038.89 | ₹210,389 |
| Mumbai | ₹2,097.77 | ₹20,977.73 | ₹209,777 |
| Kolkata | ₹2,071.27 | ₹20,712.71 | ₹207,127 |
| Chennai | ₹2,008.07 | ₹20,080.72 | ₹200,807 |
These city-wise figures represent the updated silver rates per 10 grams, 100 grams, and 1 kilogram — the most common ways silver is traded for investment and jewelry purchases.
City-Wise Breakdown
Delhi
- 10 g Silver: ~₹2,103.89
- 100 g Silver: ~₹21,038.89
- 1 kg Silver: ~₹210,389
Today Silver Rate in Delhi remains strong, trading near similar levels to other metros due to urban demand and active bullion trading markets.
Mumbai
- 10 g Silver: ~₹2,097.77
- 100 g Silver: ~₹20,977.73
- 1 kg Silver: ~₹209,777
Today Silver Rate in Mumbai consistently shows high bullion prices due to large jeweler networks and industrial demand.
Kolkata
- 10 g Silver: ~₹2,071.27
- 100 g Silver: ~₹20,712.71
- 1 kg Silver: ~₹207,127
Today Silver Rate in Kolkata are slightly lower than Delhi/Mumbai but still robust — reflecting regional demand and logistics costs.
Chennai
- 10 g Silver: ~₹2,008.07
- 100 g Silver: ~₹20,080.72
- 1 kg Silver: ~₹200,807
Today Silver Rate in Chennai typically records slightly lower spot rates compared to northern/central markets — this reflects local supply dynamics and state taxation structures.
Understanding the Figures
- Why rates differ across cities
- Taxes (GST differences in effective cost)
- Local demand from jewelry markets
- Logistics and supply chain costs
- Units explained
- 10 g: Common for small buyers/retail silver bars
- 100 g: Mid-range investment quantity
- 1 kg: Large investment/trade unit
Silver Prices in India
Silver prices don’t move in isolation — several factors influence the day’s rate:
- Global silver bullion trends – Prices on international exchanges (like COMEX and LME) feed into domestic rates.
- Rupee-Dollar exchange rate – A weaker rupee makes imports costlier, raising local prices.
- Industrial demand – Silver is used in electronics, solar panels, medical instruments — rising industrial consumption can push prices up.
- Festive seasons – Increased jewelry purchases during festivals can raise retail premiums.
- Government & sector policy – Import duties, GST changes, and bullion market rules can all affect pricing.
- Together, these drive day-to-day variability in silver rates.
Price Trend
While today’s figures are strong, a look back at recent days shows silver has seen fluctuations — sometimes dipping a little before rising again — influenced by global commodity markets and local demand cycles.
Tips Before Buying
- Always compare city-wise rates from reliable sources.
- Understand making charges and GST that add to the final jewelry cost.
- For investment purposes (bars/coins), prioritize purity, certification, and dealer reputation.