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Silver Rate Today in India

Silver is one of the most widely tracked precious metals in India, used both for investment and industrial purposes. The silver rate today in India is influenced by global commodity markets, currency movements, domestic demand, and government duties. Prices are generally quoted per gram and per kilogram and may vary slightly across cities due to local taxes and logistics costs. Tracking today’s silver price and comparing it with yesterday’s rate helps investors and buyers understand short-term price movements and make more informed purchase decisions.

Silver Price (Today & Yesterday)

Gram

Today’s Price (₹)

Yesterday’s Price (₹)

Daily Price Change (₹)

1 Gram

₹299.90

₹300

-₹0.10

10 Gram

₹2,329.20

₹2,400

-₹0.80

100 Gram

₹29,990

₹30,000 

-₹10

1 Kg

₹2,99,900 

₹3,00,000

-₹100 

Note: Prices are indicative and subject to change daily. Timestamp: 08:55 AM, 03rd February 2026

Source: Goodreturns

Silver Rate Today (10 gram) in Top 10 Cities

City Name

Today’s Price (₹)

Mumbai

₹2,999

Delhi

₹2,999

Chennai

₹2,999

Kolkata

₹2,999

Bengaluru

₹2,999

Hyderabad

₹2,999

Pune

₹2,999

Ahmedabad

₹2,999

Jaipur

₹2,999

Kochi

₹2,999

Note: City-wise silver prices are indicative and subject to change daily. Timestamp: 08:58 AM, 03rd February 2026

Source: Goodreturns

What are the Factors that Affect the Silver Price in India?

  • Global market trends: International silver prices directly influence domestic rates.

  • US dollar movement: A weaker rupee against the dollar usually increases silver prices in India.

  • Industrial demand: Silver is widely used in electronics, solar panels, and medical equipment.

  • Import duties and taxes: Changes in customs duty and GST impact final prices.

  • Inflation and interest rates: Silver is often seen as a hedge during inflationary periods.

  • Geopolitical events: Global uncertainties can increase demand for precious metals.

What are the Benefits of Investing in Silver?

  • Acts as a hedge against inflation

  • More affordable than gold for small investors

  • Has strong industrial and investment demand

  • Helps diversify an investment portfolio  

  • Offers long-term value preservation

Different Options to Invest in Silver in India

Investors in India can choose from multiple ways to invest in silver based on their risk appetite and convenience.

  • Physical silver in the form of coins, bars, or jewellery is the most traditional option.

  • Silver ETFs offer market-linked exposure without storage concerns.

  • Silver futures allow experienced investors to trade based on price movements.

Digital silver platforms provide easy buying and selling with smaller ticket sizes. Each option differs in terms of liquidity, costs, and storage requirements, so investors should choose based on their investment goals.

How to Invest in Silver in India?

Silver investment can start with understanding the purpose—short-term trading or long-term holding. Buyers can invest through physical silver from authorised dealers, silver ETFs via a demat account, or digital silver platforms. Checking purity, price transparency, storage safety, and taxation is essential before investing. Comparing current silver rates with historical trends can also help in timing the purchase better.

Key Points to Remember When Buying Silver

  • Always check the purity level before purchase

  • Compare prices across reliable sources

  • Understand making charges for physical silver

  • Ensure proper billing and certification

  • Be aware of GST and other applicable charges

How Silver Prices are Calculated in India

Silver prices in India are usually quoted per gram and per kilogram based on international bullion rates. The final domestic price includes global spot prices, currency exchange rates, import duties, and GST. Purity plays a major role, with higher purity silver costing more. Bullion market demand, both domestic and global, also influences daily pricing.

Additional Read: Gold Price in India Today

Difference Between 999 Silver and 925 Silver Rates

Basis

999 Silver

925 Silver

Purity Level

99.9% pure silver

92.5% pure silver

Common Usage

Investment bars and coins

Jewellery and ornaments

Price

Higher due to higher purity

Lower compared to 999 silver

Investment Suitability

Ideal for investment

Less preferred for investment

Durability

Softer metal

More durable due to alloy mix

Silver ETFs in India vs Physical Silver

Parameter

Silver ETFs

Physical Silver

Storage

No physical storage needed

Requires safe storage

Liquidity

Easy to buy and sell on exchanges

Depends on the local market

Purity Risk

No purity concerns

Purity must be verified

Costs

Fund management charges

Making and storage charges

Convenience

High

Moderate

Frequently Asked Questions

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Published Date : 03 Feb 2026

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The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.

The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.

Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.

BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.

Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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