Silver Rate Today in Shimla
Check the latest live sterling (925) and fine (999) silver rate in Shimla, the capital of Himachal Pradesh. Updated daily by our editorial team with indicative silver reference rates, per-gram and per-kg pricing.
Today's Silver Rate in Shimla (7 August 2026): 999 fine silver is ₹250.00/gram, 925 sterling silver is ₹231.25/gram, and 1 kg silver costs ₹2,50,000. 100 grams of silver costs ₹25,000 in Shimla.
🪙 Silver Price by Weight in Shimla
| Weight | Silver Price |
|---|---|
| 1g | ₹250 |
| 10g | ₹2,500 |
| 50g | ₹12,500 |
| 100g | ₹25,000 |
| 250g | ₹62,500 |
| 500g | ₹1,25,000 |
| 1 KG | ₹2,50,000 |
📈 30-Day Silver Price Trend in Shimla
Silver Rate Today in Shimla, Himachal Pradesh — Complete Guide (7 August 2026)
Today's silver rate in Shimla is ₹250.00/gram and ₹2,50,000/kg. 100 grams of silver costs ₹25,000 in Shimla today.
Silver Purity & Price in Shimla
| Purity | Silver % | Price/gram | Best For |
|---|---|---|---|
| 999 | 99.9% | ₹250.00 | Coins, Bars |
| 925 (Sterling) | 92.5% | ₹231.25 | Jewellery |
| 900 | 90.0% | ₹225.00 | Utensils |
| 800 | 80.0% | ₹200.00 | Silverware |
Top Silver Shops in Shimla
Buy BIS-hallmarked silver in Shimla from trusted national and regional dealers. Always ensure the silver has proper BIS hallmark certification (999/925/900) and verify the HUID at bis.gov.in before purchasing.
Famous Silver Markets near Shimla
Popular silver markets:
- The Mall Shimla Silver Shops
- Kangra Silver Market
- Mandi Market
- Kullu Silver Market
Silver Tradition & Culture in Himachal Pradesh
Himachal Pradesh has unique Kullu silver jewellery and Chamba silver work traditions. Traditional Himachali silver ornaments include Chandrahaar, Jhumke, and silver Nath. Kullu caps are decorated with silver pins. Silver jewellery is gifted during Baisakhi and Lohri celebrations.
Best time to buy silver in Himachal Pradesh: Baisakhi, Diwali, Navratri, Akshaya Tritiya, Kullu Dussehra.
Silver specialty of Himachal Pradesh: Kullu silver ornaments, Chamba silver work, silver cap pins, silver Chandrahaar.
Silver Making Charges in Shimla
Making charges for silver in Shimla range from 5-20% of silver value depending on the item type. Silver coins and bars: 2-5% making charge. Silver utensils: 8-15%. Silver jewellery: 10-20%. Designer items: 15-25%. Always compare making charges across shops in Shimla before buying.
Tax on Silver in Shimla
- GST: 3% on silver coins, bars, jewellery, and utensils in Shimla
- Making Charges GST: 5% GST on making/labour charges
- Capital Gains: Short-term (<3 years) — income slab rate. Long-term (3+ years) — 20% with indexation
- TDS: 1% TDS on purchases above ₹10 lakh per year
Silver Investment Options in Shimla
- Physical Silver: Buy BIS hallmarked coins, bars, and utensils from Shimla dealers — Verma Jewellers, Sardar Jewellers, Shiva Jewellers and more.
- Silver ETFs: Trade on NSE/BSE like shares. Top: ICICI Silver ETF, Nippon Silver ETF, HDFC Silver ETF.
- Digital Silver: Buy from ₹10 via Google Pay, PhonePe. Silver stored in insured vaults. Available in Shimla.
- Silver Futures: Trade on MCX. Contract size: 30 KG (big), 5 KG (mini), 1 KG (micro).
- Silver Mutual Funds: Invest via SIP. Use our SIP Calculator.
Silver Industrial Demand — Impact on Shimla Prices
Over 50% of global silver demand comes from industrial applications. Solar panels use 10-20 grams of silver each — India's 500 GW solar target will drive silver demand. Each EV uses 25-50 grams of silver. Electronics, 5G infrastructure, and medical devices also use silver. This industrial demand supports long-term price growth in Shimla and across India.
❓ Silver Rate FAQs — Shimla
▸ What is today's silver rate in Shimla?
▸ What is 925 sterling silver rate in Shimla?
▸ How much does 1 kg silver cost in Shimla?
▸ What is 100 gram silver price in Shimla?
▸ Is silver rate same in Shimla and other cities?
▸ Is silver rate in Shimla same as Himachal Pradesh?
▸ Where to buy silver in Shimla?
▸ What is the making charge on silver in Shimla?
▸ What GST on silver in Shimla?
▸ Is silver a good investment in Shimla?
▸ How to check silver purity in Shimla?
▸ What is 999 vs 925 silver in Shimla?
▸ Silver vs gold — which to buy in Shimla?
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🛡️ 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.
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Want to compare? See silver rate across all of Himachal Pradesh, the all-India silver rate, or today's gold rate in Shimla. Tracking investments? Use our SIP Calculator.