- silver rate today
Silver Rate Today in India
Silver Rate in India
| Weight | Today | Yesterday |
|---|
| 10 Gram | ₹1,070.00 -1.00 (-0.09%) | ₹1,071.00 -11.00 (-1.02%) |
| 100 Gram | ₹10,700.00 -10.00 (-0.09%) | ₹10,710.00 -110.00 (-1.02%) |
| 1 Kg | ₹1,07,000.00 -100.00 (-0.09%) | ₹1,07,100.00 -1,100.00 (-1.02%) |
Silver price today in India
Silver is a valuable metal widely used in jewellery, utensils, coins, and other products. Like many commodities, silver is actively traded in the commodities market. The market rate for silver represents its trading price on any given day, reflecting its value both as an investment and an industrial resource. People track silver prices due to its diverse applications in industries like electronics...Steps for Buying Silver in India
- Choose your silver type:Decide between coins, bullions, jewellery, or digital silver. Coins are easy to access, bullions offer high purity, jewellery involves making charges, and digital silver requires no physical storage.
- Select a trustworthy seller:Consider banks for coins and bullions, authorised jewellers for hallmark silver, government mints for guaranteed purity, or commodity exchanges for digital silver.
- Understand pricing:Stay updated on current silver rates, opt for hallmarked silver for assured quality, and factor in making charges if purchasing jewellery.
- Make your purchase:Choose your payment method and ensure you receive a receipt detailing the silver's purity and weight.
- Secure storage:Store your silver safely in a bank locker, home safe, or digitally in your investment portfolio.
- Monitor the market: Keep track of market trends to decide the best time to buy or sell your silver.
Factors Determining Silver Prices in India
- Supply and demand:Silver prices rise with increased demand from industries, jewellery purchases, or investments. Conversely, disruptions in mining and recycling can impact supply, driving prices up or down.
- Economic trends:During economic growth, silver prices increase due to higher demand for manufacturing and jewellery. In downturns, silver is seen as a safe haven, often leading to a price rise. Factors like GDP growth, inflation, and employment rates also influence investor behaviour.
- US dollar strength:Silver is globally traded in US dollars. A weaker dollar makes silver cheaper for foreign buyers, increasing demand and prices, while a stronger dollar can have the opposite effect.
- Geopolitical events:Wars or major political shifts drive investors toward precious metals like silver to hedge against uncertainty, often boosting prices in India.
- Inflation: As currency value declines, investors turn to assets like silver that retain value, pushing prices higher.
- Interest rates:Lower interest rates make non-yielding assets like silver more appealing, increasing demand and prices.
- Market sentiment:Perceptions of future economic conditions, inflation, and geopolitical stability drive speculative trading, influencing silver rates in India.
Impact of Global Markets on Silver Rates in India
- Supply and demand:Disruptions in Silver mining or shifts in industrial demand can reduce global supply, pushing prices up.
- Currency exchange rates:A weaker dollar can make silver cheaper for non-U.S. investors, increasing global demand and driving prices higher. Conversely, a stronger dollar can lower demand and prices.
- Investor sentiment:Geopolitical events or economic uncertainties often lead investors to seek safe-haven assets like silver, boosting its demand and price.
- Commodity market linkages:Commodity market linkages: Silver prices often move in tandem with other precious metals like gold. If gold prices rise due to inflation or interest rate changes, silver prices usually follow.
- Trade policies:Import tariffs and restrictions can impact silver supply. Higher import costs typically lead to higher prices.
- Macroeconomic indicators:Macroeconomic indicators: Economic indicators like industrial production and consumer spending influence demand. Strong economic growth can boost demand and prices, while slowdowns can have the opposite effect.
Things to Know Before Investing in Silver in India
- Forms of Silver:Choose from physical silver, ETFs, or silver mining stocks, depending on your investment goals.
- Market volatility:Silver is more volatile than gold, offering potential for quick gains but also higher risk. Be prepared for fluctuations.
- Track prices:Silver rates are influenced by global economics and supply-demand factors. Stay updated to make informed decisions.
- Purity & quality:When buying physical silver, look for purity marks like 999 or hallmarked silver to ensure quality.
- Tax implications:Different silver investments have varying tax obligations. Plan accordingly.
- Diversification:Silver can diversify your portfolio, providing stability and a hedge against market volatility and inflation.
- Investment term:Decide whether you're investing for long-term value storage or short-term trading.
- Avoid jewellery:If investing, opt for coins or bars instead of jewellery to avoid high making charges.This version is more direct, making it easier to read while maintaining key information.
Invest in Silver ETFs
Explore investing in silver via Exchange Traded Funds (ETFs)
Invest now ->
Silver Investment in India
Difference between physical silver and silver ETF
The main difference between investing in physical silver and silver ETFs is the risks and benefits associated with the way silver is owned...
Is Silver investment safe in India
Investing in Silver in India can be considered a relatively safe option, but it comes with its own set of risks.
Verification of hallmarked silver in India
To verify hallmarked silver in India, look for the Bureau of Indian Standards (BIS) hallmark, a triangle with a dot inside, confirming the silver’s tested purity. Additionally, check the purity grade, usually marked as 925 or 999, indicating the percentage of silver (e.g., 92.5% for sterling silver).
Each registered jeweller has a unique identification mark engraved on the silver, such as a logo or code, which helps trace the seller. The year of hallmarking is also important, as it shows when the item was certified.
For better verification, use the BIS Care app to check the authenticity by entering the Hallmark Unique Identification (HUID) number found on the item. Alternatively, you can verify the hallmark on the BIS website.
Smart ways to invest in silver in India
Depending on your financial goals and risk tolerance, you can explore various ways to invest in silver:
- Physical Silver:Buying coins, bars, or bullion offers tangible ownership and security during economic uncertainty. However, consider the costs of storage and insurance.
- Silver ETFs:Exchange-Traded Funds (ETFs) allow you to invest in silver without owning it physically. They are traded like stocks, offering high liquidity and ease of trading.
- Silver Mining Stocks:Investing in silver mining companies can provide leveraged exposure to silver prices. When silver prices rise, mining stocks often see significant gains.
- Silver Futures:For experienced investors, trading silver futures contracts can offer high returns, though it carries greater risk due to market volatility.
Here are the key benefits of investing in Silver in India
- Strong cultural significance drives consumer demand, positively impacting prices
- More affordable than Gold while still offering portfolio diversification
- Acts as a safe asset during economic uncertainty
- Historically shows significant price appreciation during certain cycles
- Expanding investment options like Silver ETFs and digital Silver
- Tax advantages when investing through an Individual Retirement Account (IRA)
- Improved accessibility through the India International Bullion Exchange (IIBE).
Silver Rate Analysis - (100gram)
| Silver Rate | Silver |
|---|
| Mar 1 | ₹10,000.00 |
| Mar 31 | ₹10,700.00 |
| Highest in Mar | ₹10,830.00 |
| Lowest in Mar | ₹10,000.00 |
| Overall performance | Rising |
Month Wise Silver Rate
Silver Price in India, Mar 2025 | |
|---|---|
| Rate | Silver Price |
| Mar 1 | ₹10,000.00 |
| Mar 31 | ₹10,700.00 |
| Highest in Mar | ₹10,830.00 |
| Lowest in Mar | ₹10,000.00 |
| Overall performance | Rising |
Silver Price in India, Feb 2025 | |
|---|---|
| Rate | Silver Price |
| Feb 1 | ₹10,270.00 |
| Feb 28 | ₹10,100.00 |
| Highest in Feb | ₹10,420.00 |
| Lowest in Feb | ₹10,100.00 |
| Overall performance | Falling |
Silver Price in India, Jan 2025 | |
|---|---|
| Rate | Silver Price |
| Jan 1 | ₹9,350.00 |
| Jan 31 | ₹10,170.00 |
| Highest in Jan | ₹10,170.00 |
| Lowest in Jan | ₹9,350.00 |
| Overall performance | Rising |
Silver Price in India, Dec 2024 | |
|---|---|
| Rate | Silver Price |
| Dec 1 | ₹9,460.00 |
| Dec 31 | ₹9,540.00 |
| Highest in Dec | ₹9,970.00 |
| Lowest in Dec | ₹9,350.00 |
| Overall performance | Rising |
Silver Price in India, Nov 2024 | |
|---|---|
| Rate | Silver Price |
| Nov 1 | ₹10,300.00 |
| Nov 30 | ₹9,470.00 |
| Highest in Nov | ₹10,300.00 |
| Lowest in Nov | ₹9,250.00 |
| Overall performance | Falling |
Silver Price in India, Oct 2024 | |
|---|---|
| Rate | Silver Price |
| Oct 1 | ₹9,800.00 |
| Oct 31 | ₹10,320.00 |
| Highest in Oct | ₹10,720.00 |
| Lowest in Oct | ₹9,700.00 |
| Overall performance | Rising |
Silver Rates Over Last 10 days - (100gram)
| Date | Silver Rates |
|---|
| 31 Mar 2025 | ₹10,700.00 -0.09% |
| 30 Mar 2025 | ₹10,710.00 -1.02% |
| 29 Mar 2025 | ₹10,820.00 3.05% |
| 28 Mar 2025 | ₹10,500.00 -0.19% |
| 27 Mar 2025 | ₹10,520.00 1.15% |
| 26 Mar 2025 | ₹10,400.00 0.00% |
| 25 Mar 2025 | ₹10,400.00 0.00% |
| 24 Mar 2025 | ₹10,400.00 -0.10% |
| 23 Mar 2025 | ₹10,410.00 -1.79% |
| 22 Mar 2025 | ₹10,600.00 -2.12% |
Silver Rates in Major Cities - (100gram)
| City | Silver Rates |
|---|
| Bangalore | ₹10,640.00 |
| Bhubaneswar | ₹11,520.00 |
| Chennai | ₹10,740.00 |
| Coimbatore | ₹10,740.00 |
| Delhi | ₹10,700.00 |
| Hyderabad | ₹11,620.00 |
| Kolkata | ₹10,780.00 |
| Mumbai | ₹10,630.00 |
| Mysore | ₹10,640.00 |
| Pune | ₹10,630.00 |
Frequently Asked Questions
Should I buy silver bars or coins in India?
How can i test the purity of silver?
- 1. Magnet Test: Genuine silver is non-magnetic. If a magnet attracts the item, it is likely not real silver.
- 2. Ice Cube Test: Put an ice cube on the silver; if it is melting too quickly, then the object is probably authentic because of silver's high thermal conductivity.
- 3. Acid Test: Put a drop of nitric acid on an inconspicuous area. True silver changes colour while others do not.
Is it necessary to buy a silver ornament that is hallmarked?
How many grams is equal to 1 tola in silver?
What is the highest purity grade that can be provided to silver?
Is the price of silver the same throughout India?
What's in news?
Upstox • 4d
MCX Silver May contract trades above ₹99,600, rises for the 3rd consecutive day; check key details
Upstox • 5d
Gold and silver price on March 27: Gold rate rise amid uncertainty around US reciprocal tariff
Upstox • 5d
Gold and silver price on March 26: 24k gold rate at ₹89,400/10 gram
Upstox • 7d
Gold and silver price on March 25: Gold rate decline for 4th straight day; check price in your city
Upstox • 7d
Gold and silver price on March 24: Gold slips for third day amid Ukraine-Russia peace talks
Upstox • 11d
Gold and silver price on March 21: Gold scales fresh lifetime high; check prices in your city
Upstox • 12d
Gold and silver price on March 20: Gold rate hit new high as US Fed holds rates; check prices in your city
Upstox • 13d
Gold and silver price on March 19: Gold rate hits fresh lifetime high ahead of US Fed policy
Upstox • 14d
Gold and silver price on March 18: 24k gold rate around ₹89,550 in Mumbai; check prices in your city
Upstox • 15d
Gold and silver price on March 17: Gold rate slips from record high on weak demand
Upstox • 19d
Gold and silver price on March 13: Gold rate rise in major cities amid weak dollar and US tariff concerns
Upstox • 21d
Gold and silver price on March 11: Gold rate remains firm amid weak dollar and US recession fear
Upstox • 22d
Gold and silver price on March 10: Gold rates drop due to weak demand; silver falls ₹100 per kg
Upstox • 25d
Gold and silver price on March 7: Gold rate decline amid weak global trends; check details
Upstox • a month
Gold and silver price on March 6: 24k gold rate around ₹87,990 in Mumbai; check prices in your city
Upstox • a month
Gold and silver price on March 5: Gold rate edge higher amid US tariff war worries
Upstox • a month
Gold and silver price on March 4: Gold prices drop amid weak global trends; check details
Upstox • a month
Gold and Silver price on March 3: Gold declines for 5th day on poor local demand
Upstox • a month
Gold and silver price on February 28: Gold rate falls for 3rd straight day; check prices in your city
Upstox • a month
Gold and silver price on February 27: Gold rate slips on weak global trends; check prices in your city
Upstox • a month
Gold and silver prices on February 25: Domestic gold rate rise amid geopolitical risk and trade war concern
Upstox • a month
Gold and silver price on February 24: 24k gold rate around ₹87,760 in Mumbai; check prices in your city
Upstox • a month
Gold and silver price on February 21: Gold rate rallies to new lifetime high on firm global cues
Upstox • a month
Gold and silver price on February 20: Gold rises for 4th day to hit all-time high
Upstox • a month
Gold and silver price on February 19: Gold prices advance on firm global trends, silver slips
