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

Silver prices in India have shown notable volatility in recent trading sessions, with spot rates climbing approximately 3.8% as investors reacted to shifting global commodity markets. The precious metal, traded primarily through the Multi Commodity Exchange in Mumbai, has drawn increased attention from both industrial buyers and retail investors seeking alternative assets.

Current spot prices for 999 purity silver range between ₹250 and ₹258 per gram, translating to ₹2,50,000 to ₹2,58,079 per kilogram. These rates reflect ongoing adjustments based on international benchmarks and currency movements, with the Indian market closely tracking London Metal Exchange fixes throughout the trading day.

Understanding the various pricing mechanisms available, from physical market spot rates to futures contracts expiring in May 2026, helps buyers make informed decisions about when and how to purchase silver in the Indian market.

What is the 1 kg silver price in India today?

The 1 kilogram silver price in India currently spans from ₹2,50,000 to ₹2,58,079, representing an increase of ₹5,000 to ₹9,451 from yesterday’s closing levels. This translates to a uniform rise of approximately 3.80% across all weight categories. Zerodha Fundhouse reported ₹2,49,822.58 per kilogram as of April 17 at 9:08 AM, while Groww displayed the higher end of the range at ₹2,58,079 per kilogram in spot trading.

• Spot prices across major cities show no regional variations, with uniform rates in Chennai, Mumbai, Delhi, Kolkata, Bangalore, and Hyderabad
• Global and international prices drive approximately 80% of domestic price movements, with MCX mirroring London fixes
• Silver demonstrates higher volatility than gold, with daily swings of 3-5% compared to gold’s more modest fluctuations
• Industrial demand from solar panels and electronics sectors continues to influence pricing trends
• MCX Silver futures trade with a lot size of 30 kilograms and tick size of ₹100
• Open interest on MCX Silver contracts increased by 1.61% in recent trading sessions
• Geopolitical tensions in the Middle East and US-Iran diplomatic developments have triggered significant price movements

What is the current silver price per gram and 10 grams in India?

Silver prices per gram currently range from ₹250 to ₹258.08, depending on the source and timestamp of the quote. This pricing reflects the 999 purity standard adopted across Indian physical markets. The 10-gram rate stands at approximately ₹2,500 to ₹2,580.79, maintaining the proportional relationship with gram-based pricing that buyers expect when purchasing in smaller quantities.

Understanding Spot vs. Futures Pricing

The distinction between spot and futures prices creates apparent discrepancies across different platforms. Spot rates represent immediate physical delivery prices, while futures contracts reflect expectations for future delivery dates. MCX Silver contracts expiring May 5, 2026, currently trade around ₹2,39,590 per kilogram, which may differ from spot quotations due to storage costs, interest rates, and market expectations.

MCX Trading Details

The Multi Commodity Exchange records daily trading volumes of 3,409 contracts for Silver futures, with open interest increasing by 1.61%. The current futures price of ₹2,40,770 per kilogram represents a gain of ₹11,809 or 5.16% from the previous close of ₹2,28,961. Day range data shows trading between ₹2,34,832 and ₹2,41,620, with the market opening at ₹2,36,046.

What are gold and silver prices today in India?

Gold and silver move in tandem across Indian commodity markets, though silver demonstrates significantly higher volatility. Gold futures for April expiry have risen slightly to ₹1,56,200 per 10 grams, representing a modest 0.2% increase. Meanwhile, silver has surged by ₹8,300 to ₹8,500 per kilogram, approaching the ₹2.50 lakh threshold that attracts substantial investor attention.

The historical relationship between silver and gold suggests that approximately 10 grams of silver equates to roughly 1 gram of gold value during stable market periods. However, silver’s more pronounced daily swings of 3-5% exceed gold’s typical movements, presenting both opportunities and risks for investors. Recent market events have demonstrated this volatility, with silver crashing ₹26,000 per kilogram alongside gold’s ₹13,000 decline per 10 grams amid oil-driven inflation concerns.

How does silver price in India compare to Dubai?

Direct comparison between Indian and Dubai silver prices reveals that Indian rates include import duties and GST that create a meaningful price differential. Domestic silver prices incorporate approximately 3% GST on making charges, along with import duties that result in Indian quotes being 5-10% higher than Dubai Good Delivery bars before duties. This premium accounts for transportation, insurance, and regulatory compliance costs associated with importing silver into India.

Global market trends influence both markets similarly, with Dubai Good Delivery bars serving as a pricing benchmark internationally. The Dubai market operates with greater liquidity for larger institutional transactions, while Indian markets offer accessibility for retail buyers seeking smaller quantities with verified purity documentation.

How have silver prices trended over recent weeks and months?

Short-term silver price trends show an upward trajectory with notable fluctuations. Over the past 10 days, rates have stabilized between ₹2,45,000 and ₹2,50,000 per kilogram, with jumps of ₹5,000 occurring on March 31 and March 28. Earlier in March, prices reached ₹2,90,000 per kilogram on March 10 following a ₹10 per gram increase, before declining to ₹2,80,000 the next day after a ₹5 per gram correction.

The 30-day MCX contract range spans from ₹1,09,764 to ₹4,39,337 per kilogram, illustrating the extreme volatility that silver has experienced. October 2025 saw prices at ₹96,000 per kilogram before jumping to ₹1,04,000, demonstrating the sharp movements that characterize this market. Charts on platforms like Groww and Zerodha Fundhouse display 1-day, 1-week, and 1-month trends showing recent 3.8-5% daily gains alongside prior surges to ₹2.70 lakh and crashes linked to geopolitical developments.

What factors cause silver price fluctuations in India?

Several interconnected factors drive silver price movements in the Indian market. International prices, primarily set on the London Metal Exchange, influence approximately 80% of domestic price changes, with the MCX closely mirroring these global benchmarks. Currency fluctuations between the Indian rupee and US dollar amplify price changes, as silver is priced in dollars internationally.

Geopolitical developments consistently trigger significant price reactions. Middle East tensions, US-Iran diplomatic negotiations, and tariff announcements have caused surges exceeding ₹8,500 per kilogram in single trading sessions. Inflation concerns, particularly those driven by crude oil price movements, create additional volatility as investors reassess safe-haven allocations and interest rate expectations.

Industrial demand represents another significant driver, with silver’s use in solar panels, electronics, and medical applications creating consistent underlying buying pressure. Investment demand through exchange-traded funds and physical bars also influences prices, particularly during periods of economic uncertainty when investors seek alternatives to traditional financial assets.

What information is established versus uncertain in silver pricing?

The discrepancy between different reported prices, such as ₹2.40 lakh versus ₹2.58 lakh per kilogram, reflects the distinction between futures and spot markets, along with varying update timestamps across platforms. Data conflicts arise from these timing differences and the nature of over-the-counter market data collection.

What sources provide silver price data in India?

Several platforms provide silver price data with varying levels of coverage and refresh rates. Groww displays spot rates alongside futures contract information for multiple expiry dates, while Zerodha Fundhouse offers real-time updates with timestamp verification showing April 17 data. Goodreturns maintains city-wise tables reflecting uniform national pricing, and Economic Times provides futures-focused data including daily range and trading volume statistics.

“Silver crashed ₹26,000 per kilogram alongside gold’s ₹13,000 decline per 10 grams amid oil-driven inflation fears, demonstrating the metal’s sensitivity to macro economic pressures.”

— Economic Times Commodity Summary, March 2026

The Multi Commodity Exchange serves as the primary trading venue for silver futures in India, with live MCX data available through multiple financial platforms. Moneycontrol and Groww provide intraday charting capabilities for tracking short-term price movements and identifying trading opportunities.

Summary of silver price movements in India

Silver prices in India currently trade between ₹2,50,000 and ₹2,58,079 per kilogram, reflecting a 3.80% increase from previous levels. The market demonstrates higher volatility than gold, with industrial demand and geopolitical factors driving significant price swings. For those considering silver investments, monitoring global benchmarks and currency movements provides the most reliable framework for understanding domestic price direction.

Buyers interested in physical silver should account for 3% GST on making charges, while traders utilizing MCX futures must understand the leverage implications and expiry mechanics. Storage options range from bank lockers for physical holdings to demat accounts for ETFs and Sovereign Gold Bonds as alternative vehicles. Those managing broader financial planning should consider how mortgage affordability calculations intersect with precious metal allocation decisions.