Silver Price in Indian Rupees (₹) Today
Live silver price converted to Indian Rupees (INR) using real-time exchange rates. Prices shown for .999 fine, .925 sterling, .900 coin, and .800 silver purities.
The current price of silver in Indian Rupees is ₹6,753.53 per troy ounce for .999 fine silver. Sterling silver (.925) is worth ₹6,247.02 per ounce.
.999 Fine
₹6,753.53
.925 Sterling
₹6,247.02
.900 Coin
₹6,078.18
.800 Silver
₹5,402.83
Data source: TwelveData XAG/USD spot price × INR/USD exchange rate. Last updated: 3/25/2026, 7:09:06 PM
Silver Price by Quantity (INR)
| Quantity | .999 Fine | .925 Sterling | .900 Coin | .800 Silver |
|---|---|---|---|---|
| 1 Troy Ounce | ₹6,753.53 | ₹6,247.02 | ₹6,078.18 | ₹5,402.83 |
| 1 Gram | ₹217.13 | ₹200.85 | ₹195.42 | ₹173.70 |
| 10 Grams | ₹2,171.31 | ₹2,008.46 | ₹1,954.18 | ₹1,737.05 |
| 100 Grams | ₹21,713.10 | ₹20,084.62 | ₹19,541.79 | ₹17,370.48 |
| 1 Kilogram | ₹2,17,130.98 | ₹2,00,846.16 | ₹1,95,417.88 | ₹1,73,704.78 |
| 1 Tola (11.66g) | ₹2,531.75 | ₹2,341.87 | ₹2,278.57 | ₹2,025.40 |
| 5 Troy Ounces | ₹33,767.67 | ₹31,235.09 | ₹30,390.90 | ₹27,014.13 |
| 10 Troy Ounces | ₹67,535.33 | ₹62,470.18 | ₹60,781.80 | ₹54,028.27 |
Silver Prices in Indian Rupees: What You Need to Know
India is the world's largest consumer of physical silver, driven by jewelry fabrication, industrial demand, and a deep cultural affinity for precious metals. Silver priced in Indian rupees reflects both global XAG/USD movements and the INR/USD exchange rate. The rupee's gradual depreciation trend over decades has amplified silver's long-term returns for Indian investors.
Tax, VAT & Import Duties
Silver purchases in India attract 3% GST (Goods and Services Tax). Import duty on silver was reduced from 15% to 6% in the July 2024 Union Budget, significantly lowering domestic premiums. Silver jewelry attracts 5% GST on making charges. There is no wealth tax on silver holdings. Long-term capital gains (held over 2 years) are taxed at 20% with indexation benefits.
How Silver Is Traded in India
India's silver market centers on the Multi Commodity Exchange (MCX), where silver futures are actively traded. Physical silver is sold through jewelers, bullion dealers, and increasingly through digital platforms. Prices are quoted per kilogram or per 10 grams in major markets like Mumbai, Delhi, Chennai, and Ahmedabad. Indian premiums over global spot can range from 2-8% depending on import volumes and seasonal demand — peaking during Dhanteras, Diwali, and wedding season.
How Silver Price in INR Is Calculated
The silver price in Indian Rupees is calculated by multiplying the global XAG/USD spot price by the current INR/USD exchange rate. Today's rate: 1 USD = 94.0486 INR.
Formula: Silver Price (INR) = XAG/USD Spot Price × INR/USD Rate
Example: $71.81 × 94.0486 = ₹6,753.53 per troy ounce
Frequently Asked Questions
How much is 1 ounce of silver in Indian Rupees today?
One troy ounce of .999 fine silver is currently worth ₹6,753.53 (INR). Sterling silver (.925 purity) is worth ₹6,247.02 per troy ounce. Prices are converted from the live XAG/USD spot rate using real-time exchange rates.
What is the GST on silver in India?
Silver purchases in India attract 3% GST. Import duty was reduced from 15% to 6% in the 2024 budget, which lowered domestic silver prices substantially. Making charges on jewelry are taxed at 5% GST.
Why is silver more expensive in India than the global spot price?
Indian silver prices include import duty (6%), GST (3%), and dealer premiums. Exchange rate conversion from USD to INR adds another variable. During high-demand seasons like Dhanteras and wedding months, local premiums can spike due to supply-demand imbalances in the physical market.
What is the best way to buy silver in India?
Physical silver can be bought from hallmarked jewelers (look for BIS hallmark), bullion dealers, or banks. For paper exposure, Silver ETFs are listed on NSE and BSE, and Silver Sovereign Bonds have been proposed. MCX silver futures offer leveraged exposure for traders. Hallmarking ensures purity — look for 999 (fine) or 925 (sterling) marks.
Is silver a good investment in India compared to gold?
Silver in India has historically offered higher volatility and larger percentage moves than gold, making it attractive for active investors. The silver-to-gold ratio in India typically ranges from 75:1 to 85:1. Silver also benefits from growing industrial demand (solar panels, electronics) alongside traditional jewelry demand.