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Tuesday · 3 Nov 2026 · India

Silver rate today in India

Bhavflow’s indicative national rate for 999 fine silver today is ₹1,80,717 per kg (₹1,807 per 10 grams), excluding GST and making charges.

A little clarity for your day
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The essentials

Today's rates

Indicative national reference · INR

Today’s rates · 3 Nov

Silver

999 fine

₹1,80,717/kg

₹1,807/10 g

Down −₹6,945−3.70%vs yesterday

Before you buy: Indicative rate, excludes 3% GST and making charges. How we calculate

Calculate jewellery priceRate × weight + making charge + 3% GST

Silver price by weight

999 fine silver at Bhavflow’s national indicative rate, excluding GST and making charges.

WeightSilver 999
1 gram₹181
10 grams₹1,807
100 grams₹18,072
1 kilogram₹1,80,717

Silver price history

Silver per kg

Down −₹45,244−20.02% over 1M · 5 Oct – 3 Nov
Low ₹1,80,717 · 3 NovHigh ₹2,28,243 · 9 Oct

1D–1Y: Bhavflow’s indicative national rate, excluding GST (times in IST). 5Y–All: RBI, Mumbai monthly average (standard gold 995); silver per kg. RBI DBIE monthly averages, Apr 1990 – Jul 2026; RBI yearly averages 1972-73 to 1989-90.

Charts by TradingView

Why the 1-year chart peaks in late January 2026: global silver hit a record of about $121 an ounce on 29 January 2026 and fell sharply the next day. Indian prices followed (MCX silver futures touched ₹4,20,048 per kg). Bhavflow’s chart uses one rate per day, excluding GST, so its peak sits slightly below those intraday highs.

How the silver rate is calculated

Bhavflow takes the international spot price of silver (XAG) in US dollars, converts it to rupees at the day’s USD–INR rate, and adds Indian import duty and an estimated domestic market premium calibrated to IBJA benchmark rates. The duty and premium used today are explained in How we calculate.

Buying silver: what to check

  • Check the purity mark: 999 for fine silver bars and coins, 925 for sterling jewellery. Since 1 September 2025 BIS offers HUID-based hallmarking for silver on a voluntary basis: a hallmarked piece shows the BIS mark, the word SILVER, the purity grade and a 6-digit HUID you can verify in the BIS CARE app.
  • Silver is sold by weight. For anklets, utensils and other heavier items, ask for the net silver weight, excluding stones, lac or other fillings.
  • Making charges on silver jewellery are often quoted per gram or as a percentage; on intricate pieces they can be a large share of the price compared with the metal value.
  • 3% GST applies. Ask for an invoice that lists weight, purity, rate and making charges.
  • Ask how the shop buys silver back: usually by weight and tested purity, minus a deduction.

Silver rate: FAQ

What is the silver rate today per kg?

The card at the top of this page shows Bhavflow’s indicative national rate for 999 fine silver per kg and per 10 grams, updated about every 30 minutes. It excludes 3% GST and making charges.

Why does the silver price move more than gold?

Silver is a smaller market and a large share of its demand is industrial (electronics, solar panels), so its price usually swings more in percentage terms than gold. India also imports most of its silver, so the rupee matters too.

What is the difference between 999 and 925 silver?

999 (fine silver) is 99.9% pure and is used for bars, coins and many puja articles. 925 (sterling silver) is 92.5% silver mixed with copper for strength and is common in jewellery. The metal in a 925 piece is worth roughly 92.5% of the fine-silver rate, before making charges.

Is hallmarking mandatory for silver?

No, it is voluntary. BIS introduced HUID-based hallmarking for silver jewellery and articles from 1 September 2025 (IS 2112:2025). A hallmarked piece carries the BIS mark, the word SILVER, its purity grade and a 6-digit HUID that you can verify in the BIS CARE app.

Silver rate by city

Gold rates

Simple numbers. Clear assumptions. 🌿

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