Silver Rate Today
Live silver prices per gram, per kg, and per 100 grams across all Indian states and 900+ cities.
Check Rates →Silver Calculator
Calculate the exact value of silver jewellery, bars, or coins by weight and purity with today's live rate.
Open Calculator →Silver Guides
Expert analysis on silver purity, ETFs vs physical silver, and silver price forecasts for 2026.
Read Guides →Gold Hub
Explore live gold rates, gold loan tools, SGB calculator, and investment guides across India.
Explore Gold →🔗 Quick Links
📈 Silver Price Trend — Last 30 Days
Real historical silver rates per gram — updated from live market data
Prices shown are silver rates per gram in INR. Hover over the chart for daily rates. Data source: WealthMinty live market tracker.
30-day trend shown. 90-day view coming soon.
⚖️ Gold-Silver Ratio — Live
The gold-silver ratio shows how many grams of silver equal 1 gram of 24K gold. A higher ratio means silver is cheaper relative to gold (potentially undervalued); a lower ratio favours gold.
🗺️ Browse Silver Rates — All 900+ Cities
Select any city or state to view live silver rates in your location. Browse the full hierarchy of Indian cities and states.
📚 Silver Guides
Expert analysis and buying guides for silver investors in India
Silver ETF vs Physical Silver
Compare trading silver ETFs with holding physical silver bars and coins — storage, returns, costs.
Read Guide →Silver Price Forecast 2026
In-depth analysis of global demand, industrial growth, and silver price predictions for 2026.
Read Guide →How to Verify Silver Purity
Learn how to check silver purity marks and verify BIS hallmarking on silver articles.
Read Guide →🏛️ State-Wise Silver Specialties & Markets
Each Indian state has unique silver traditions, famous markets, and renowned silversmiths. Explore silver specialities across India — from Cuttack's silver filigree to Kolhapuri silver jewellery.
| State | Famous Silver Specialty | Top Silver Markets | Best Time to Buy |
|---|---|---|---|
| Kerala | Silver utensils (Uruli, Kindi, Nilavilakku), temple offerings, silver coins | Broadway Ernakulam Silver Market, SM Street Kozhikode | Onam (Aug-Sep), Vishu (Apr), Dhanteras, wedding season (Nov-May) |
| Tamil Nadu | Kumbakonam silver vessels, Tanjore silver art, silver pooja items, sterling silver jewellery | T Nagar Chennai Silver Shops, Big Bazaar Street Chennai | Pongal (Jan), Tamil New Year (Apr), Akshaya Tritiya, Dhanteras, Diwali |
| Karnataka | Bidriware (Bidar silver inlay), silver Dasara items, silver pooja thali, silver anklets | Avenue Road Bangalore Silver Market, Chickpet Bangalore | Ugadi (Mar-Apr), Dasara (Oct), Varamahalakshmi (Aug), Dhanteras, Akshaya Tritiya |
| Maharashtra | Kolhapuri silver jewellery, silver Payal, silver pooja items, silver bullion trading | Zaveri Bazaar Mumbai Silver Section, Kalbadevi Mumbai | Gudi Padwa (Mar-Apr), Dhanteras, Diwali, Dussehra, Akshaya Tritiya |
| Andhra Pradesh | Pembarthi silverwork, temple silver offerings, silver vessels, silver coins | Governorpet Vijayawada, Jagadamba Junction Vizag | Ugadi, Sankranti (Jan), Akshaya Tritiya, Dhanteras, Dussehra |
| Telangana | Pembarthi silver sheets, Hyderabadi silver jewellery, silver Bidriware, silver utensils | Laad Bazaar Hyderabad, Begum Bazaar Silver Section | Ugadi, Bathukamma (Oct), Bonalu (Jul-Aug), Dhanteras, Akshaya Tritiya |
| Gujarat | Kutchi silver jewellery, silver bullion refining, Navratri silver ornaments, silver utensils | Manek Chowk Ahmedabad Silver Market, Mandvi Vadodara | Dhanteras (Oct-Nov — biggest silver buying day in Gujarat), Diwali, Navratri, Akshaya Tritiya |
| Rajasthan | Rajasthani silver jewellery (Payal, Borla, Hathphool), silver utensils, tribal silver ornaments | Johari Bazaar Jaipur Silver Section, Tripolia Bazaar Jaipur | Teej (Jul-Aug), Gangaur (Mar-Apr), Dhanteras, Diwali, Akshaya Tritiya |
| Uttar Pradesh | Varanasi silver zari, silver coins, silver utensils, Lucknow silver chikan frames | Aminabad Lucknow Silver Market, Thatteri Bazaar Varanasi | Karva Chauth (Oct-Nov), Dhanteras, Diwali, Akshaya Tritiya |
| West Bengal | Bengali silver filigree (Tarkashi), silver conch shells, silver Lakshmi coins, silver pooja thali | Bowbazar Kolkata Silver Market, Gariahat Kolkata | Dhanteras, Durga Puja (Oct), Lakshmi Puja, Akshaya Tritiya |
| Punjab | Silver Payal, silver Kalire, silver Kangan, silver utensils, silver Shagun coins | Hall Bazaar Amritsar Silver Section, Chaura Bazaar Ludhiana | Baisakhi (Apr), Karva Chauth (Oct-Nov), Lohri (Jan), Dhanteras, Diwali |
| Madhya Pradesh | Tribal silver jewellery, silver utensils, silver pooja items, Sarafa Bazaar trading | Sarafa Bazaar Indore Silver Section, Chowk Bazaar Bhopal | Dhanteras, Diwali, Navratri, Akshaya Tritiya |
🔢 Silver Purity Guide
| Standard | Fineness | Silver % | Common Use |
|---|---|---|---|
| Fine Silver | 999 | 99.9% | Investment bars, coins |
| Britannia Silver | 958 | 95.8% | Premium silverware |
| Sterling Silver | 925 | 92.5% | Jewellery, utensils |
| Coin Silver | 900 | 90.0% | Older coins |
| German Silver | 0 | 0% (nickel alloy) | Decorative items (no real silver) |
🏭 Silver Uses in India
Jewellery & Ornaments
Silver anklets, chains, rings, and traditional ornaments are essential in Indian weddings. Tamil Nadu, Rajasthan, and Gujarat lead silver jewellery demand.
Utensils & Puja Items
Silver plates, glasses, spoons, and puja items are considered auspicious. Silver gifts during Diwali and weddings are a widespread Indian tradition.
Industrial Applications
Silver is a critical industrial metal used in electronics, solar panels, medical devices, and water purification. India's industrial silver demand is growing rapidly.
Investment
Silver bars and coins are popular investment options. Silver's lower price point compared to gold makes it accessible for small investors.
💰 Silver Investment Options in India
| Feature | Physical Silver | Silver ETF | Digital Silver | Silver Futures (MCX) |
|---|---|---|---|---|
| Minimum Investment | ~₹9,500 (100g bar) | 1 unit (~₹90) | ₹1 onwards | ₹30,000+ (1 lot) |
| Returns | Price appreciation | Price appreciation | Price appreciation | Speculative (leveraged) |
| Liquidity | Medium | High (exchange traded) | High | Very High |
| Storage Risk | Yes (bulky metal) | No (demat) | No (digital vaults) | No (cash settled) |
| Making Charges | Yes (5-15%) | Expense ratio (~0.5-1%) | 1-3% spread | Brokerage + STT |
| GST | 3% on purchase | Nil | 3% on purchase | Nil (transaction taxes) |
| Best For | Gifts, utensils, tradition | Short-term trading, demat portfolio | Small SIP investments | Hedging, professional traders |
Want to estimate the value of physical silver? Try our Silver Calculator.
🥈 Silver in India — Overview
Silver is India's second most precious metal after gold. Used extensively in jewellery, utensils, religious items, and industrial applications, silver demand in India runs over 6,000-7,000 tonnes annually, making India one of the world's largest consumers of silver. A significant portion of this demand comes from rural India, where silver jewellery and utensils are preferred over gold due to affordability.
Silver prices in India are influenced by multiple factors including global spot rates set by the London Bullion Market Association (LBMA), industrial demand from sectors like electronics and solar energy, the USD/INR exchange rate, and domestic import duties. Unlike gold, silver has a substantial industrial component — approximately 50% of global silver demand comes from industrial use, making it more sensitive to economic cycles and manufacturing output. Track the live ratio with our Gold-Silver Ratio widget.
Silver holds deep cultural significanceacross India. In South India, silver anklets (payal) and toe rings are integral to bridal traditions. In North India, silver utensils and puja thalis are exchanged as auspicious gifts during Diwali, Dhanteras, and weddings. Rajasthani silver jewellery and Gujarat's silver utensil traditions are renowned across the country. Explore regional silver traditions in our State-Wise Silver Specialties table above. Silver coins and bars are also popular Dhanteras purchases, symbolising prosperity and wealth.
The Bureau of Indian Standards (BIS) has introduced silver hallmarking to protect consumers from adulteration. The hallmark certifies the purity of silver items — 999 for fine silver and 925 for sterling silver being the most common grades. While silver hallmarking is currently voluntary in India, the government is considering making it mandatory to bring greater transparency to the silver market. Learn how to verify purity in our Silver Purity Guide.
Silver price trends in recent years have been shaped by rising industrial demand, particularly from the solar panel sector. India's ambitious renewable energy targets are expected to further boost silver consumption, as silver paste is a critical component in photovoltaic cells. For a detailed outlook, read our Silver Price Forecast 2026.
WealthMinty provides comprehensive silver price tracking across 900+ Indian cities and all 36 states/UTs, with indicative daily reference rates manually curated by our editorial team. Whether you are buying silver jewellery, investing in silver bars, or tracking silver prices for industrial procurement, WealthMinty offers useful and up-to-date silver rate information in India. Use the Silver Calculator to value your silver instantly.
❓ Frequently Asked Questions about Silver in India
🛡️ Why Trust WealthMinty's SilverResearch & Market Data?
Our analysis shows that retail silver rate volatility in India requires careful, daily monitoring. Our editorial team manually researches and publishes indicative daily silver reference rates based on publicly available bullion market data, including published rates from recognized industry bodies such as the India Bullion and Jewellers Association (IBJA), commodity exchange signals (MCX), and international benchmarks (LBMA). The rates shown are indicative and for informational purposes only — they may differ slightly from your local jeweller's quote. Read our full Editorial Policy & Methodology.
- Zero Merchant Bias: We are a pure financial information and analysis platform. We do not sell silver, jewelry, or run physical retail shops, guaranteeing completely unbiased reporting.
- Standardized Mathematical Modeling: Our city-specific rate calculations use strict pricing premiums and transport offsets aligned with local state jewelry association norms.
- Fact-Checked by Experts: Every pricing trend and forecast published on WealthMinty is verified by our editorial desk with over 10+ years of combined experience in bullion markets.