Track the silver rate in your city across India. All prices reflect MCX India 999 purity spot rates adjusted for local market premiums, updated every morning at 9 AM IST.
Frequently Asked Questions – Silver Rate in India
What is today’s silver rate in India?
Today’s silver rate in India is around ₹261–₹262 per gram (999 purity) depending on the city. Prices are sourced from MCX India and updated daily at 9 AM IST.
Which city has the cheapest silver rate in India?
Mumbai and Ahmedabad generally have the lowest silver rates as they are closer to major commodity exchanges. Cities like Patna, Kanpur, and Ayodhya typically have higher rates due to transportation premiums.
Why do silver prices vary across Indian cities?
Silver prices vary due to local transportation costs, state taxes, demand-supply dynamics, and city-specific market premiums applied over the MCX base rate.
Is GST charged on silver in India?
Yes, a 3% GST is applicable on silver purchases in India. The rates shown on this site are indicative pre-GST spot rates from MCX.
How is the MCX silver price calculated?
MCX silver price is determined by global spot prices (in USD per troy ounce), converted to INR using the prevailing USD/INR exchange rate, then adjusted per gram.
What is the difference between 999 and 925 silver?
999 purity silver (also called fine silver or pure silver) is 99.9% pure. 925 silver (sterling silver) is 92.5% pure. Rates on this page are for 999 purity.
Angel One (Trading & Demat Account)