Silver Price in India Today
Live silver rates in INR — updated hourly from international spot price (XAG/USD).
1 Troy Oz = ₹7,237.43 · 1 Gram = ₹232.69 · 1 Tola = ₹2,713.86
| Unit | Price (INR) |
|---|---|
| Silver per Troy Oz | ₹7,237.43 |
| Silver per Gram | ₹232.69 |
| Silver per Tola | ₹2,713.86 |
| Silver per Kg | ₹2,32,688.40 |
| Silver per 10g | ₹2,326.88 |
| Silver per 100g | ₹23,268.84 |
About Silver Prices in India
Silver holds a unique position among commodities as both a precious metal and an industrial metal. The silver spot price is quoted internationally in USD per troy ounce (XAG/USD) and serves as the global benchmark. In India, the silver price in INR is calculated by converting the international spot price using the current USD to INR exchange rate.
Unlike gold, which is primarily a store of value, silver has significant industrial applications. Over 50% of global silver demand comes from industrial uses including electronics, solar panels, medical devices, and water purification. This dual nature means silver prices are influenced by both investment sentiment and industrial demand cycles, making it more volatile than gold.
The price of silver in India is affected by multiple factors. Global influences include central bank interest rate decisions, inflation data, geopolitical events, and the overall strength of the US dollar. Locally, the INR exchange rate against the USD is the primary driver of price differences — a weaker INR results in higher silver prices in local terms regardless of international price movements.
In India, silver is traditionally measured in tola (11.6638 grams), following the same convention used for gold. The international standard is the troy ounce (31.1035 grams), while grams and kilograms are used for larger quantities. Silver is considerably more affordable than gold, making it accessible for smaller investors looking to enter the precious metals market.
Retail silver prices in India are generally higher than the spot price due to import duties, taxes such as GST or VAT, fabrication costs, and dealer premiums. The premium over spot tends to be proportionally larger for silver than for gold, often ranging from 5–15% depending on the product type and local market conditions.
Frequently Asked Questions
What is the silver price in India today?
The silver price in India today is ₹7,237.43 per troy ounce. Per gram, silver costs ₹232.69, and per tola it is ₹2,713.86. These prices are derived from the international XAG/USD spot price and converted to INR using live exchange rates.
How much is 1 gram of silver in INR?
1 gram of silver in India currently costs ₹232.69. For 10 grams, the price is ₹2,326.88, and for 100 grams it is ₹23,268.84. Silver is significantly more affordable than gold, making it accessible for smaller investments.
Why do silver prices fluctuate?
Silver prices fluctuate due to a combination of factors. As both an industrial metal and a precious metal, silver is affected by manufacturing demand (electronics, solar panels, medical devices), monetary policy decisions by central banks, inflation expectations, currency movements, and investor sentiment. Silver tends to be more volatile than gold because its market is smaller, meaning large trades can move the price more significantly.
What is the difference between silver spot price and retail price in India?
The silver spot price is the international benchmark (XAG/USD) converted to INR. Retail silver prices in India are typically higher due to import duties, government taxes (such as GST or VAT), dealer premiums, and fabrication costs for silver items. The premium over spot can range from 5–15% depending on the product type (bars, coins, or jewellery) and local market conditions.
How often are silver prices updated on this page?
Silver prices on this page are updated every hour from the international spot market (XAG/USD). The spot price is sourced from major financial data providers and converted to local currencies using live exchange rates. For real-time retail pricing, we recommend checking with local silver dealers and bullion shops.