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Silver Rate Today in India — 7 July 2026

Today's silver rate in India is ₹211 per gram, which works out to ₹2,11,030 per kilogram, down ₹7,510 per kg from yesterday.

Last updated: 11:20 am IST, 7 July 2026

Silver rate today in India by weight
WeightTodayYesterdayChange
1 gram₹211₹219−₹8
8 grams₹1,688₹1,748−₹60
10 grams₹2,110₹2,185−₹75
100 grams₹21,103₹21,854−₹751
1 kg₹2,11,030₹2,18,540−₹7,510

Last 30 days

-11.39%

What moves the silver rate in India

Silver follows the international spot market converted to rupees, plus import levies and a local premium — the same structure as gold. But silver has a much larger industrial side: roughly half of global demand comes from solar panels, electronics, EVs and brazing alloys. That makes the metal more volatile than gold, with sharper rallies and deeper corrections as industrial expectations shift.

In India, silver is quoted per kilogram in the wholesale market and per gram or per 10 grams at retail. Sterling silver jewellery is 92.5% pure (hallmarked 925), so its metal value is lower than the fine-silver rate shown here. As with gold, jewellery attracts making charges and 3% GST at purchase, and BIS hallmarking for silver covers purity grades from 800 to 999.

Households buy silver most actively around Dhanteras, Diwali and wedding dates, in the form of coins, bars, utensils and payals. Investors increasingly use silver ETFs, which track the domestic price without storage hassles.

Frequently asked questions

What is the silver rate today in India?

Today's silver rate in India is ₹211 per gram, or ₹2,11,030 per kilogram for fine silver. Rates refresh every 10 minutes during market hours.

Why is silver quoted per kg in India?

Wholesale bullion markets trade silver in kilogram bars, so dealers and commodity exchanges quote per kg. Retail buyers usually see per-gram or per-10-gram prices, which are derived directly from the per-kg rate.

What is the difference between fine silver and sterling silver?

Fine silver is 99.9% pure (999) and is used for coins and bars. Sterling silver is 92.5% pure (925), alloyed with copper for durability, and is the standard for jewellery. Sterling items are worth about 7.5% less per gram in metal value than the fine-silver rate.

Is silver more volatile than gold?

Yes. Silver's large industrial demand — solar, electronics, EVs — makes it swing harder in both directions than gold. It often outperforms gold in rallies and falls more in corrections, which is why it suits buyers comfortable with bigger price moves.

How is GST applied when buying silver?

Silver attracts 3% GST on the metal value plus making charges, the same as gold. Coins and bars from banks or dealers also carry 3% GST on the invoice value.

Related rates

Also see today's gold rate and platinum rate in India.

Silver rate today by city