Silver Rate Today in India – Live Silver Price Per Gram and Kg

Silver rate in India today is ₹250 per gram and ₹2,50,000 per kilogram

Updated on 10 Jun 2026 IST based on latest market data.

Silver Price Today

Note: Prices updated daily based on live commodity feeds.

Silver Price Movement – Past 10 Days

Here's the silver rate trend over the last 10 days in India.

Historical Silver Rates

Silver prices have shown a mixed movement in the past 10 days. Recent declines and gains indicate short-term volatility of silver price. 

Major Factors Affecting Silver Price Today

Changes in silver prices are influenced by several factors. Below are some of the factors that cause fluctuations in silver rates:

Global Silver Demand and Industrial Usage

Major factors affecting gold prices also affect silver but an additional factor for silver is industrial demand. SIlver’s growing demand is due to its increasing usage in several emerging industries. Silver is required in solar panels, electronics, electric vehicles, etc. Growth of these sectors is increasing the demand and price of silver.

USD–INR Exchange Rate Impact

Silver is internationally traded in US dollar, the USD-INR exchange rate significantly impacts Indian silver prices. A weaker Indian rupee against the US dollar makes silver costlier whereas a stronger rupee makes silver cheaper.

Inflation and Interest Rate Expectations

Inflation leads to investors moving their investment to safe-haven instruments like gold and silver. This movement increases the demand as well as the silver price. However when interest rates rise people usually prefer interest-earning instruments which reduces silver demand.

Gold–Silver Ratio Movements

Gold-silver ratio is the relationship between the price of gold and silver. When the gold price moves up or down it affects silver prices. Gold prices increase leads to a fall in silver price Whereas a fall in gold prices will move silver prices higher. 

Commodity Market Sentiment

The overall mood in the commodity market also matters. Positive sentiment and strong global growth expectations support higher silver prices, while uncertainty or weak economic outlooks can cause prices to decline.

How Silver Pricing Works in India

Silver prices in India are mainly influenced by global and local factors working together. Here is how silver pricing works in India: 

Global Spot Price

The base price of silver comes from international markets, where silver is traded in US dollars per ounce. Major exchanges like COMEX (New York) and the London Bullion Market Association (LBMA) set this benchmark. Think of it as the wholesale price of silver worldwide.

Rupee–Dollar Exchange Rate (INR/USD)

Since the global price is in dollars, it is converted into Indian rupees. If the rupee weakens against the dollar, silver becomes costlier in India. If the rupee strengthens, silver prices can come down.

Import Duties and Taxes

India imports a large part of its silver. The government charges import duty and other taxes on these imports, which increase the final price paid by buyers.

GST (Goods and Services Tax)

Silver purchases in India attract GST. This tax is added to the base price and making charges, increasing the total cost.

Local Demand and Supply

Local market conditions also matter. During wedding seasons and festivals like Diwali, demand for silver rises. Higher demand with limited supply can push prices up in certain cities or regions.

Silver as an Investment Option

Silver has long been considered a practical and accessible investment, especially in India, where cultural demand and economic factors play a key role in price movements. One way investors attempt to time the silver market is by tracking seasonal demand. During the wedding season and major festivals, demand for precious metals rises, often supporting prices.

For a large section of the population that may not have easy access to banking or formal investment products, physical silver serves as a simple and familiar way to save and invest. Today, this accessibility is further enhanced by digital options such as silver mutual funds, digital silver and silver ETFs , which allow investors to gain exposure without worrying about physical storage.

Silver also offers higher liquidity and can be easily bought or sold in the form of bullion, coins, ETFs, or digital silver making it a useful asset during financial emergencies. Since silver is traded globally, its value is not tied to any single currency and tends to hold up even when paper money loses purchasing power.

From a portfolio perspective, silver acts as a hedge against inflation and a tool for diversification. Over the long term, it has the potential to preserve value during periods of rising prices, and its price movements often differ from those of equities and bonds. Allocating a small portion of a portfolio to silver can therefore help reduce overall risk while providing exposure to commodity up-cycles.

Silver and the Indian Economy

Silver plays an important role in India’s economy, not just as a precious metal but also as an industrial raw material. Many industries use silver because it conducts electricity well and is highly durable.

A large amount of silver is used in electronics, solar panels, and manufacturing units. For example, smartphones, electrical circuits, batteries, and solar cells all need silver. 

The demand for silver boomed due to increased consumption of electronic goods, and renewable energy projects, etc. Demand increased, straining the supply which pushed prices up. 

Higher demand with limited supply leads to higher imports to meet the demand from both industrial and investment sectors.