No matching city.
Silver Rates in Popular Cities of India
Understanding Silver Rates in India
Silver prices follow the international spot price and the USD-INR exchange rate, and are quoted per gram and per kilogram. Unlike gold, silver has heavy industrial use in electronics, solar panels, batteries and medicine. Industrial demand therefore moves its price alongside investment demand, which makes silver more volatile than gold.
Buying Silver
Physical silver is sold as jewellery, coins, bars and utensils (sterling silver is 92.5% pure, marked 925; check for the BIS hallmark). Silver and silver articles attract 3% GST, with 5% GST on jewellery making charges. City rates differ modestly due to local premiums and transport.
Reading the Rates Here
Rates on this page are indicative market rates refreshed through the day, shown per gram and per kilogram for each city with recent history. Dealer buy and sell prices include margins, so always confirm the live rate with the seller before transacting. Since silver is dollar-priced, watch the USD-INR rate alongside; gold rates respond to the same drivers, and the GST calculator totals the 3% tax on a purchase.
Ways to Own Silver
- Physical (coins, bars, utensils): tangible but bulky, at roughly 90 times more volume than gold per rupee of value, so storage and resale logistics matter.
- Silver ETFs: exchange-traded exposure without purity, storage or buy-back friction. This is the practical route for investment-sized positions.
- Jewellery and silverware: consumption purchases; making charges on ornate pieces can rival the metal value itself.
Whether silver deserves a place beside gold in your portfolio — and in what proportion — is the real question behind the daily rate; our comparison of gold versus silver as investments works through the volatility, liquidity and tax angles.
Tax on Silver Gains
Physical silver sold after more than 24 months is a long-term gain, currently taxed at 12.5% without indexation; earlier sales are taxed at your slab. Silver ETFs held over 12 months get the same 12.5% treatment. The gold-silver ratio, meaning how many ounces of silver equal one ounce of gold, has historically ranged from about 60 to 90. A high ratio has often marked periods when silver was cheap relative to gold.