Silver Rate Today in India

The silver rate today in India is approximately ₹90 per gram for 999 fine silver, ₹899 per 10 grams, and ₹89,934 per kilogram. International silver spot price is $33.50 per troy ounce, converted at USD/INR 83.50 and adjusted for 3% GST and local making charges. Silver prices update every 5 minutes during market hours.

Silver does not officially use the karat system that gold uses, since silver is graded by parts per thousand (millesimal fineness). However, "22 carat silver" is sometimes used informally to refer to silver with 91.6% purity, similar to 22K gold. At today's rate, this works out to roughly ₹83 per gram. For accurate purchases, look for hallmark grades 999 (fine), 925 (sterling), or 900 (coin) instead of carats.

Today gold rate is ₹8,188 per gram for 24K and silver rate is ₹90 per gram for 999 fine silver. The gold to silver ratio is 91:1, meaning one gram of gold currently costs about 91 times one gram of silver. Both metals follow international spot prices in USD, converted to INR.

Silver works well for portfolio diversification. It is more volatile than gold but has strong industrial demand from electronics, solar panels, electric vehicles, and medical devices, on top of investment demand. Silver typically delivers higher percentage gains during precious metal bull cycles compared to gold. Common investment options include 999 silver bars and coins, Silver ETFs (like Nippon India Silver ETF), and Sovereign-backed silver schemes.

Gold and silver are both precious metals, but silver is much cheaper per gram and far more volatile. Gold is mainly an investment and reserve asset, while silver has heavy industrial use. Gold prices move on inflation and central bank buying, silver also reacts to manufacturing demand. Today gold and silver rate gap is wide: 1 gram of gold equals about 91 grams of silver at the current ratio.

The gold to silver ratio shows how many ounces of silver buy one ounce of gold. The current ratio is approximately 91:1. The historical average sits around 60 to 70:1. A high ratio (above 80:1) often signals silver is undervalued relative to gold, which traders use as a contrarian buy signal. A low ratio (below 50:1) suggests silver is relatively expensive.

GST on silver value is 3%, the same rate as gold. On top of that, 5% GST applies on making charges for silver jewelry. Silver bars and coins for investment also attract the 3% GST. Always ask the retailer for a tax invoice that breaks out metal value, making charges, and GST separately.

Silver prices move daily because of international spot price changes (COMEX and LBMA), USD/INR exchange rate fluctuations, industrial demand shifts (especially solar and EV manufacturing), Indian festival and wedding season buying, and global investor sentiment toward precious metals. Even a small move in the international spot price translates into a noticeable INR change once converted and taxed.

999 pure silver is available from BIS-hallmarked jewelers, banks (silver coins), MMTC-PAMP, RBI-authorized dealers, and online platforms like Tanishq Digital Silver, MMTC-PAMP online, and Augmont. For investment grade silver, look for the BIS hallmark and a tax invoice. Silver ETFs offer the same exposure without storage costs.

Silver rate varies slightly between cities because of local taxes, transport costs, and dealer margins. The variation is smaller than gold, usually within 0.5% across major Indian cities. Mumbai and Ahmedabad tend to have the most competitive rates because of bullion market depth, while smaller cities carry a tiny premium. Refer to the city-wise table on this page for today's local rates.