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🇮🇳 Silver Price Today in India | ₹6,077.13
Live silver price in Indian Rupee (INR) — updated every minute
Last updated: May 4, 2026, 01:01 PM ET
Per Gram (INR)
₹195.3841
Per Troy Oz (INR)
₹6,077.13
Per Kg (INR)
₹195,384
USD/Silver Spot
$72.78/oz
USD/INR Rate
1 USD = 83.5 INR
Gold/Silver Ratio
62.0:1
Silver Market in India
India is the world's second-largest consumer of silver, with demand driven by weddings, festivals, and cultural traditions. The MCX (MCX) is the primary platform for silver futures trading in India. India imports over 7,000–8,000 tonnes of silver annually, making it a significant driver of global silver prices.
Why do people in India invest in silver?
silver is deeply embedded in Indian culture as a symbol of prosperity, auspiciousness, and financial security. Families accumulate silver across generations for weddings (dowry traditions) and festivals like Dhanteras and Akshaya Tritiya. silver also serves as a liquid, universally accepted asset for millions of Indians without access to formal banking.
Frequently Asked Questions — Silver in India
What is the silver price today in India?
The silver price in India is updated in real time based on the international spot price converted to Indian Rupees (INR). The price you see on this page reflects the current global spot price multiplied by the USD/INR exchange rate, plus applicable GST/import duties applicable in this country.
Why is the silver price in India higher than the international price?
India imposes GST/import duties applicable in this country plus GST of 3%, which adds approximately 15–16% to the landed cost. This is why 24K silver jewellery or coins in India are priced higher than the raw spot price.
What is the price of 22K silver vs 24K silver in India?
22K silver (used in most Indian jewellery) is 91.67% pure, so its price is approximately 91.67% of the 24K spot price. Most jewellery shops quote per-10-gram rates for 22K silver.
Is it a good time to buy silver in India?
silver demand in India traditionally peaks around cultural investment occasions (October–November) and during wedding season. Many Indian investors buy silver systematically via Sovereign silver Bonds (SGBs) or silver ETFs for a cost-efficient approach.