Silver Market Update
Silver Rate in India
Live Price • Updated July 31, 2026
₹2,35,000/ kg
StableSince Yesterday
The price of silver in India as of July 31, 2026 starts at approximately ₹2,35,000 per kg, calculated based on benchmark market rates in the national capital, New Delhi. Compared with yesterday, silver prices have unchanged. Domestic rates shift continuously due to international bullion trends, USD-INR exchange rates, import duties, GST and industrial demand. Check our live city-wise rates, recent market trends, historical performance and silver investment options to make informed financial decisions.
₹235
Stable
₹2,350
Stable
₹23,500
Stable
₹2,35,000
Stable
Silver Price
Gold Price
Silver Rate Trend in india
Comparing today's domestic price against moving averages provides a clear indicator of market sentiment. Today's silver rate of ₹2,35,000 per kg is currently trading 3% below the 30-day average of ₹2,42,800, signalling a short-term market consolidation. Driven by international profit-taking and currency fluctuations, this downward trajectory offers a potentially favourable buying opportunity for long-term investors tracking domestic bullion trends across India.
Factors Affecting Silver Prices
Several parameters of domestic and foreign, affect the silver rates in India, such as:
International Silver Prices
The domestic price is very closely related to the world spot
and
futures market.
Rupee-US Dollar Exchange Rate
A weak rupee transforms into expensive imports and rising
silver
prices.
Industrial Demand
Solar energy, electronics and electric cars are some of the
areas
fuelling the demand and supporting the price.
Investment Demand
Silver inflation and economic uncertainty may affect the
investment demand.
#
Taxes & Import charges
Prices exclude import tax, dealer fee, delivery charges and 3%
GST.
#
Seasonal demand
Sometimes weddings and few festivals like Dhanteras, Diwali
and
Akshaya Tritiya may give a short-term boost to silver prices.
Silver Rates in Popular Cities
City-wise Silver Rates
The table below shows indicative retail silver rates across major Indian cities as of July 31, 2026.
| CITY | 10 GM | 100 GM | 1 KG |
|---|---|---|---|
| Delhi | ₹2,350 | ₹23,500 | ₹235,000 |
| Mumbai | ₹2,350 | ₹23,500 | ₹235,000 |
| Chennai | ₹2,350 | ₹23,500 | ₹235,000 |
| Bengaluru | ₹2,350 | ₹23,500 | ₹235,000 |
| Kolkata | ₹2,350 | ₹23,500 | ₹235,000 |
| Hyderabad | ₹2,350 | ₹23,500 | ₹235,000 |
| Ahmedabad | ₹2,350 | ₹23,500 | ₹235,000 |
Note: The above rates are indicative as of July 31, 2026 and may vary among jewellers depending on making charges, purity, and local market conditions.
Silver Price Trend in Delhi
(Per 1 Kg)
Silver Rate for Last 10 Days
(10 Gram)
Types of Silver Available in India
Fine Silver (999)
99.9% pure silver. Ideal for bars & coins for investment.
Sterling Silver (925)
92.5% silver with other alloys. Stronger & ideal for jewellery.
Silver Coins & Bars
Pure silver in various weights. Best for investment & savings.
Silver Jewellery
Made from 925 silver for durability. Includes silver value + GST.
New Delhi's Last 7 Days Silver Rates
| Date | 10 GM | 100 GM | 1 KG |
|---|---|---|---|
| 15 Jul | ₹2,400 | ₹24,000 | ₹240,000 |
| 16 Jul | ₹2,400 | ₹24,000 | ₹240,000 |
| 17 Jul | ₹2,350 | ₹23,500 | ₹235,000 |
| 28 Jul | ₹2,350 | ₹23,500 | ₹235,000 |
| 29 Jul | ₹2,350 | ₹23,500 | ₹235,000 |
| 30 Jul | ₹2,350 | ₹23,500 | ₹235,000 |
| 31 Jul | ₹2,350 | ₹23,500 | ₹235,000 |
Note: The above rates are indicative as of July 31, 2026 and may vary among jewellers depending on making charges, purity, and local market conditions.
Silver Coins
999 pure silver coins. Best for small investments.
Silver Bars
Available in various weights. Lower making charges.
Silver ETFs
Invest in silver digitally without holding physical metal.
Digital Silver
Buy & store silver digitally in small amounts securely.
Physical Silver
Coins, bars & jewellery. Ideal if you prefer physical possession.
Find What Works for Your Financial Goals
The ideal strategy to invest in silver will depend on your financial goals, your investment time horizon and your tolerance for market risk.
Buying physical silver may be a good alternative if you care about direct ownership and may end up using the silver.
If you want to buy modest amounts online and prefer not to deal with physical metal, digital silver is a convenient alternative.
If you are already having a demat account and looking for an investment which tracks the values of silver closely, silver ETFs could be a good fit.
If you are investing through the mutual fund platforms and do not have a demat account, Silver Mutual Funds is an easy option.
Silver Futures may be suitable for all active traders or those people who are looking to hedge against market changes, but you should understand the risks involved.
Gold Rates in Popular Cities
Frequently Asked Questions
What is the silver rate in India today?
As of July 31, 2026, the silver rate in India starts at approximately ₹2,35,000 per kg, ₹23,500 per 100 grams and ₹2,350 per 10 grams. Prices may vary slightly across cities due to local taxes, logistics and dealer premiums.
Why does the silver rate differ from one city to another?
Silver prices will vary from city to city due to cost of transportation and each dealer will have a margin on it as well. Local demand, logistics, purity and handling charges will also affect prices. This is why the silver rates in Chennai, Hyderabad and Kerala could be a little more than in other places like Mumbai or Delhi.
What factors affect silver prices in India?
The silver prices in India are mostly affected by some factors such as the worldwide bullion prices, currency exchange rates, industrial demand, import duties, GST, and commodities market movements. Also, seasonal buying during festivals and weddings has a huge effect on the market too.
How is the silver price calculated in India?
Silver prices are generally estimated on international market pricing such as rupee-US dollar exchange rates, import duties, GST, transportation and dealer surcharges before it reaches the retail customers.
What is the purity of investment-grade silver?
Silver for investment is usually 999 (99.9%) pure. It is high in silver and is widely used to manufacture bullion bars, coins and other items of investment.
Does GST apply to silver purchases?
Yes. Physical silver purchases generally attract 3% GST. Silver jewellery may also include making charges, which increase the final purchase price.
Can I buy silver online?
Yes, you may buy silver online now. It is available in many digital and market-linked forms. It is so easy to acquire online and you may invest in real digital silver ETFs or silver mutual funds from trusted sources.
What is the difference between physical silver and digital silver?
The buyer gets ownership of real silver and stores it. Digital silver is ownership of silver, safely maintained in insured vaults by the service provider until delivery is required.
Has the silver price changed today?
Yes. Compared with yesterday, silver prices have unchanged. Daily movements are influenced by international bullion prices, currency exchange rates and domestic demand.
Is this a good time to invest in silver?
Whether it is the right time to invest depends on your financial goals, investment horizon and risk appetite. Rather than trying to predict short-term price movements, many investors prefer investing gradually to average their purchase cost over time.