Today's indicative silver rate in India per kilogram and per gram — plus how silver is priced and why its industrial demand makes it swing more than gold.
🥈 As of 2026-06-15. Rates are indicative — they move daily with the international silver price, the rupee and local taxes. Verify with a bullion dealer before buying.
Silver — per kilogram (1 kg)
₹2,13,796
Silver — per gram
₹214
Silver is traded per kilogram; the per-gram rate is simply that ÷ 1,000. Figures are indicative and exclude the 3% GST and any making charges you pay at the counter.
Silver price history — daily, monthly & up to 15 years
Silver per kg, indicative spot-based rate (international price × USD/INR). Use View for Daily / Weekly / Monthly / Yearly and Duration to zoom from the last month out to 15 years.
Silver (per kg) · ₹ per kg · indicative spot-based rate
Month
Silver (per kg)
Change
Jun '26
₹2,15,006
-7.6%
May '26
₹2,32,803
+3.7%
Apr '26
₹2,24,603
-2.7%
Jan '26
₹2,30,772
+14.0%
Dec '25
₹2,02,417
+24.8%
Nov '25
₹1,62,139
+23.0%
Sep '25
₹1,31,805
+15.0%
Aug '25
₹1,14,647
+10.7%
Jul '25
₹1,03,611
+14.7%
May '25
₹90,369
+1.0%
Apr '25
₹89,440
-5.2%
Mar '25
₹94,354
+7.6%
Feb '25
₹87,651
-2.1%
Jan '25
₹89,501
+7.3%
Nov '24
₹83,424
+7.9%
Aug '24
₹77,331
-0.4%
Jul '24
₹77,623
-1.4%
Jun '24
₹78,714
-3.2%
May '24
₹81,287
+15.0%
Apr '24
₹70,697
+6.3%
Mar '24
₹66,531
+10.1%
Feb '24
₹60,420
-1.9%
Jan '24
₹61,593
-2.4%
Dec '23
₹63,117
—
Value gold or silver by weightOur gold rate calculator applies the purity factor, making charges and 3% GST for any weight of metal.
Silver follows the same pricing chain as gold, just at a much lower per-gram level. It begins with the international silver price, quoted in dollars per troy ounce, converted to rupees per gram at the day's exchange rate — so a weaker rupee lifts the Indian rate even when the global price holds steady. India then adds import duty and 3% GST, dealers apply a margin, and because silver trades in bulk it is normally quoted per kilogram. Divide the per-kg rate by 1,000 to get the per-gram figure shown above.
Per-gram silver rate = (per-kg rate) ÷ 1,000
To value a specific weight of metal with purity, making charges and GST applied, use our gold rate calculator — the same purity-and-GST maths works for silver pieces too.
Industrial vs investment demand — why silver swings more
What makes silver behave differently from gold is its dual demand. Like gold, it is a precious metal that investors buy as a store of value and an inflation hedge. But unlike gold, around half of all silver is consumed by industry — solar panels, electronics, electric vehicles, batteries and medical applications all need it. That means silver's price responds not only to investment sentiment but also to the global manufacturing cycle: when factories are busy, industrial demand props the price up; when the economy slows, that leg weakens. The two forces pulling at once are why silver is typically more volatile than gold, with bigger percentage moves in both directions.
Why silver is cheaper than gold
Silver is far more abundant in the earth's crust and is mined in much larger volumes than gold, so its price per gram is a small fraction of gold's. The low entry price makes silver an accessible first metal for many buyers — but the same lower price and heavier industrial exposure mean larger swings, so it rewards a longer time horizon and a tolerance for volatility.
Physical silver vs silver ETFs
You can own silver as physical metal — coins, bars, utensils or jewellery — which carries making charges, 3% GST and storage considerations, and is bulky relative to its value. Or you can hold a silver ETF, which tracks the price without making charges or storage and trades like a share through your demat account. Physical silver suits those who want the metal in hand; ETFs suit pure price exposure. Either way, treat silver as a small, long-term slice of a diversified portfolio rather than a quick trade — and compare it with gold (see today's gold rate) and with an equity SIP. Rates on this page are as of 2026-06-15, indicative only and not investment advice.
Frequently Asked Questions
What is the silver rate today?
Silver in India is quoted both per kilogram (the trade standard) and per gram. The rate changes every working day with the international silver price, the rupee–dollar rate and local taxes. The figures above are the latest we have, as of 2026-06-15. As with gold, the price you pay adds 3% GST and, for finished items, making charges.
How is the silver rate calculated?
It starts with the international silver price (quoted in dollars per ounce), converted to rupees per gram at the day's exchange rate. India then adds import duty and 3% GST, plus a dealer margin. Because silver trades in much larger weights than gold, it is usually quoted per kilogram — simply divide by 1,000 for the per-gram rate.
Why is silver so much cheaper than gold?
Silver is far more abundant than gold and is mined in much larger quantities, so its price per gram is a small fraction of gold's. That also makes silver more volatile — the same news moves its percentage price more sharply. Its lower price makes it an accessible entry point for first-time metal buyers.
What drives the price of silver?
Silver has a split personality: it is both a precious metal (an investment and inflation hedge, like gold) and an industrial metal. Roughly half of silver demand comes from industry — solar panels, electronics, EVs and medical uses — so its price reacts to the global economy and manufacturing cycle as well as to investment demand. That dual demand is why silver can swing more than gold.
Is GST charged on silver?
Yes — 3% GST applies on silver, the same rate as gold, plus making charges on finished articles like coins, bars, utensils or jewellery. So the per-kg or per-gram rate you see is typically pre-tax; the counter price adds 3% GST and any making charge.
Is silver a good investment?
Silver can act as a store of value and an inflation hedge like gold, but its heavy industrial demand makes it more volatile, so it tends to suit investors comfortable with bigger price swings. It is usually held as a small, long-term portfolio diversifier rather than a short-term trade. This page is information only, not investment advice — decide based on your own goals and, if needed, a SEBI-registered adviser.
Should I buy physical silver or silver ETFs?
Physical silver (coins, bars) carries making charges and 3% GST going in and storage hassle, and silver is bulky relative to its value. Silver ETFs give price exposure without making charges or storage, and trade like a share. Coins and bars suit those who want to hold the metal; ETFs suit pure investment exposure. Compare either with an equity SIP if your goal is long-term wealth.
Can I see the silver rate history and a 10-year chart?
Yes — the interactive chart above switches between Daily, Weekly, Monthly and Yearly views with a selectable duration, from the last month out to about 15 years. It is an indicative spot-based rate (the international silver price in rupees), so it closely tracks the trend of Indian silver prices; retail prices add duty, 3% GST and making charges.
Silver rates shown are indicative and change through the day — for information only, not a buy or sell recommendation. Confirm the current rate with your local bullion dealer or IBJA before buying.