Today Silver Rate City Wise Price Mumbai, Delhi, Kolkata & More

City-Wise Silver Rates

(All values approximate; actual buying rates may vary by dealer, purity, and local premium.)

City	Rate for 10 g	Rate for 100 g	Rate for 1 kg
Mumbai	₹1,630	₹16,300	₹1,63,000
Delhi	₹1,630	₹16,300	₹1,63,000
Kolkata	₹1,630	₹16,300	₹1,63,000

Summary: The domestic silver rate in India currently stands at about ₹163 per gram or ₹1,63,000 per kilogram.
Rates in the key metros — Mumbai, Delhi, Kolkata — are currently aligned at the same level, reflecting a fairly uniform national market with relatively small city-wise variation.

Market Commentary & Trends

What’s driving these rates

• Silver prices in India are influenced by international silver prices, the USD/INR exchange rate, and local demand/supply conditions.
• When the Indian rupee weakens vis-à-vis the US dollar (and international silver prices are stable or rising), domestic silver becomes more expensive.
• Recent months have seen a rise in silver prices: for example, 1 kg rate in November so far started at about ₹1,52,000 and now is around ₹1,63,000 — indicating a ~+7.2% increase.

What’s interesting

• Though the headline number for “India” is being given as ₹163 per gram (or ₹1,63,000/kg), older/historical reports show a lower baseline — e.g., earlier in the year, rates around ₹1,45,000/kg in some cities.
• Despite uniformity among major metros today, local dealers may still charge a premium (or adjust for logistics, taxes, purity). The quoted rate often is a “standard” benchmark.
• The fluctuation in recent days: for Mumbai, the 1 kg rate dropped by ₹1,000 from the previous day.

Buyer & Seller Tips

• For buyers: Watch for short-term dips if international silver or USD/INR move favourably. But avoid assuming the quoted “gram rate” is the final cost — check for purity, making charges (for jewellery), tax, and local premium.
• For sellers/investors: If you hold silver inventory, keep an eye on global industrial demand (silver is used in solar panels, electronics) and import volumes into India, as both can influence domestic premiums. Recent media reports indicate that after a festival-driven surge in demand earlier this year, premiums have eased.
• City variation: Even when major metros align, smaller towns may differ (due to logistics, stock availability, local taxes). Always check your local rate the same day.

Conclusion

Today, the benchmark silver rate stands at about ₹1,63,000 per kg (₹1,630 per 10 g) in Mumbai, Delhi, Kolkata. The market shows recent upward momentum, driven by global factors and domestic demand. For those buying or selling silver, being aware of purity, local premium and global cues is important.