Today Silver Price in India

In addition to common stocks, bonds, and real estate, the Indian market provides opportunities for investing in commodities like gold and silver. Compared to mutual funds and stocks, the commodity markets are more stable. Silver metal is a good choice in terms of a secure investment.

Silver is a valuable metal immensely popular among Indian investors. India imports silver more often than it produces. In addition to being shiny, ductile, and malleable, the metal is a good electrical conductor.

The world has been witnessing daily surges in demand for silver. Due to the rising price of gold, investors are now more interested in silver, a safe haven. Most applications for the adaptable metal are in the industrial sector.

The metal's value has grown faster than its production rate, indicating that demand for it will only rise. India is primarily a silverware and jewellery market. The metal would find more applications as a result of the acceleration of industrial growth.

The latest silver rate in India is defined according to a number of variables. Every day, a number of factors, including production, demand, buying, and selling, influence the current silver price in India.

Today Silver Rate, 12th November 2024, Latest rate

You must be aware of the current silver rate and maintain tabs on the terms of purchase and sale if you want to purchase silver coins, bars, jewellery, or even ornaments in India for investment purposes. It's critical to understand the weight criteria, the seller's legitimacy, and the purity of the silver. The most recent pricing for buying and selling silver may be found here. The latest silver rate in India is ₹ 88.3 per gram. All of the pricing has been revised to reflect current market norms.

Silver /g

₹ 91

₹  -2 price-down

Silver /Kg

₹ 91,000

₹  -2000 price-down

Today Silver Price Per Gram/Kg in India (INR)

Gram Today Yesterday Change
1 ₹ 91 ₹ 93 -2
8 ₹ 728 ₹ 744 -16
10 ₹ 910 ₹ 930 -20
100 ₹ 9,100 ₹ 9,300 -200
1000 ₹ 91,000 ₹ 93,000 -2000

Indian Major Cities Silver Rates Today

City Price (10g) Price (100g) Price (1kg)
Ahmedabad ₹ 1,040 ₹ 10,400 ₹ 104,000
Bangalore ₹ 1,040 ₹ 10,400 ₹ 104,000
Chandigarh ₹ 1,050 ₹ 10,500 ₹ 105,000
Chennai ₹ 1,150 ₹ 11,500 ₹ 115,000
Hyderabad ₹ 1,160 ₹ 11,600 ₹ 116,000
Jaipur ₹ 1,060 ₹ 10,600 ₹ 106,000
Kolkata ₹ 1,060 ₹ 10,600 ₹ 106,000
Mumbai ₹ 1,050 ₹ 10,500 ₹ 105,000

Silver Rate in India for Last 10 Days

Date Price (10g) Price (100g) Price (1kg)
Nov 12, 2024 ₹ 910 ₹ 9,100 ₹ 91,000
Nov 11, 2024 ₹ 930 ₹ 9,300 ₹ 93,000
Nov 10, 2024 ₹ 930 ₹ 9,300 ₹ 93,000
Nov 09, 2024 ₹ 930 ₹ 9,300 ₹ 93,000
Nov 08, 2024 ₹ 940 ₹ 9,400 ₹ 94,000
Nov 07, 2024 ₹ 920 ₹ 9,200 ₹ 92,000
Nov 06, 2024 ₹ 960 ₹ 9,600 ₹ 96,000
Nov 05, 2024 ₹ 960 ₹ 9,600 ₹ 96,000
Nov 04, 2024 ₹ 970 ₹ 9,700 ₹ 97,000
Nov 03, 2024 ₹ 960 ₹ 9,600 ₹ 96,000

More about Silver Quality

In order to establish trust between the customer and seller and to ensure the application of an appropriate silver rate based on purity, the Bureau of Indian Standards (BIS) has developed hallmarking licenses (IS 2112:2014) and assists in accurately determining the purity of silver in any item they may choose to acquire. Look for the BIS mark and jeweller’s identifying mark if you are concerned about being duped or purchasing silver that is actually a lower quality alloy. Silver does not now require hallmarking, unlike gold, but this could change in the future.

Frequently Asked Questions


What is Silver Futures Contract?
A silver futures contract refers to a legal agreement between a buyer and seller for the purchase of silver on a particular date within a particular month.

What are the major factors that affect the silver price?
The prices of silver are majorly affected by factors like inflation, demand, gold rates, dollar changes, mining costs, government policies, etc.

What is current silver rate trend?
Currently trading at Rs. 66,300 per kg, silver prices have been exhibiting a volatile pattern in the market. Because of the global market's tendency, silver prices for January 2023 showed consistent increases and decreases.

From where I can purchase silver?
Some of the most reliable sources for buying silver are banks, authorised sellers, certified jewellers, private dealers, and approved e-commerce portals.

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