Live commodity rate
Silver rate today in India (live)
Silver · ₹ / kg · MCX front-month futures
₹1,94,450.00
−₹2,267.00 (-1.15%)
Live · last updated 29 Oct 2026, 06:39 am IST
Open
1,96,010.00
Previous close
1,96,717.00
Day high
1,96,550.00
Day low
1,94,000.00
| Quantity / purity | Rate today |
|---|---|
| Silver — 1 gram | ₹194.45 |
| Silver — 10 grams | ₹1,944.50 |
| Silver — 100 grams | ₹19,445.00 |
| Silver — 500 grams | ₹97,225 |
| Silver — 1 kilogram | ₹1,94,450 |
| Silver — 5 kilograms | ₹9,72,250 |
Physical silver price today (estimated retail bill)
Coins, bars and silver articles at today's official IBJA physical rate: metal value plus a dealer or making premium, plus 3% GST on metal and 5% GST on making charges.
| Item | Metal value | Making / premium | GST | You pay |
|---|---|---|---|---|
| Silver coin — 10 g (premium 12%) | ₹1,945 | ₹233 (12% minting) | ₹70 | ₹2,248 |
| Silver coin — 50 g (premium 8%) | ₹9,723 | ₹778 (8% minting) | ₹331 | ₹10,831 |
| Silver bar — 100 g (premium 5%) | ₹19,445 | ₹972 (5% premium) | ₹632 | ₹21,049 |
| Silver bar — 1 kg (premium 3%) | ₹1,94,450 | ₹5,834 (3% premium) | ₹6,125 | ₹2,06,409 |
| Silver payal / articles — 100 g (making 15%) | ₹19,445 | ₹2,917 (15% making) | ₹729 | ₹23,091 |
Estimates only. Small coins carry the highest premium per gram; 1 kg bars the lowest. Utensils and payal/articles are billed with making charges of 10–20%. Dealers usually buy back on metal value only.
What moves this price
- • Global spot silver (COMEX) and the gold–silver ratio.
- • The rupee–dollar rate, since India imports most of its silver.
- • Industrial demand — solar panels, electronics and EV wiring absorb a large share of supply.
- • Import duty and GST on bullion.
- • Investor flows into silver ETFs and coins during risk-off phases.
TrendRipperX explainer
Silver is two markets in one
Unlike gold, more than half of silver demand comes from industry — electronics, solar panels, automobiles and medical uses. That gives silver a split personality: it behaves like a precious metal when investors seek safety, and like an industrial commodity when the global growth outlook changes. The result is typically sharper moves than gold in both directions.
The Indian silver rate follows the same chain as gold: the international dollar price, converted at the USD/INR rate, plus import duty and levies. Retail prices then add GST and, for articles and jewellery, making charges.
What that means for buyers
Because silver is more volatile, a fixed monthly purchase smooths out the swings better than a single large buy. For investment, silver ETFs remove purity and storage worries; for utensils and gifts, check the purity stamp (for example 925 sterling) and ask for the per-gram rate used on the invoice.
Treat silver as a satellite holding rather than a core one. Its higher volatility means a small allocation can still move a portfolio noticeably.
All commodity rates today
| Commodity | Unit | Price | Change | Day range |
|---|---|---|---|---|
| Gold | ₹ / 10 g | 1,43,600.00 | -0.37% | 1,43,321.00 – 1,44,343.00 |
| Silver | ₹ / kg | 1,94,450.00 | -1.15% | 1,94,000.00 – 1,96,550.00 |
| Crude Oil | ₹ / barrel | 9,787.00 | +3.04% | 9,617.00 – 9,873.00 |
| Natural Gas | ₹ / mmBtu | 292.60 | +1.46% | 291.10 – 296.20 |
| Copper | ₹ / kg | 1,400.20 | +0.20% | 1,395.50 – 1,401.60 |
| Zinc | ₹ / kg | 442.00 | -0.47% | 439.50 – 448.90 |
| Aluminium | ₹ / kg | 336.00 | +0.87% | 330.10 – 336.00 |
| Nickel | ₹ / kg | 1,510.00 | +0.79% | 1,499.10 – 1,513.50 |
Frequently asked questions
What is the silver rate today in India?
MCX front-month silver futures are at ₹1,94,450.00 per kilogram, down 1.15% (−₹2,267.00) from the previous close. That is roughly ₹194.45 per gram and ₹19,445.00 per 100 grams, excluding GST and dealer premiums.
Why does silver move more than gold?
Silver is a smaller, less liquid market with heavy industrial usage, so both investment flows and factory demand hit the same price. Daily swings are typically 1.5 to 2 times gold's.
Is this the retail silver price?
No. It is the wholesale futures price. Coins, bars and jewellery add 3% GST plus a dealer or making premium, so retail invoices run above this rate.
What does physical silver cost today for a 1 kg bar?
Take the metal value (about ₹1,94,450 per kg today), add a dealer premium of roughly 3% on a 1 kg bar, then 3% GST on metal and 5% GST on the premium — the physical silver table above shows that split for coins, bars and articles.
What are MCX silver trading hours?
9:00 am to 11:30 pm IST (11:55 pm during US daylight-saving), Monday to Friday. The page shows the last traded price when the market is closed.
Prices are MCX front-month futures via Upstox, checked every 30 seconds; provider delays may apply during market hours. Retail rates differ after GST, making charges and dealer margins. For information only, not investment advice.