Silver Rate Today in India: Live Price Per Gram & Kg

Silver Rate in India Today (Oct 28, 2026): 999 Purity & 1kg Prices

The silver rate today in India 999 purity stands at ₹2,19,900 per kilogram as of October 28, 2026. Whether you are planning to invest in bullion, buy silver coins, or purchase jewelry, tracking the live market quote is critical before making a transaction.

Below is the latest breakdown of the retail and mathematical equivalents based on today’s active trading sessions.

Live Silver Price Breakdown (999 Purity)

(Note: These figures represent benchmark market values. Final retail prices at local jewelers will include additional GST, making charges, and dealer premiums.)

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MCX Silver Price Trend vs. Physical Silver

If you are tracking the MCX silver price trend, December futures contracts recently experienced volatility, hovering near ₹2,19,900 levels. It is important to note that MCX quotes represent exchange-traded commodity contracts for future delivery. Physical retail silver will almost always carry a premium over the MCX rate due to refining, transportation, and holding costs.

The price of silver in India today is ₹220 per gram and ₹2,20,000 per kilogram.

Read more at: https://www.goodreturns.in/silver-rates/

Why is the silver rate dropping/rising in India?

Investors frequently ask, why is the silver rate dropping/rising in India? The current price movements are primarily driven by three macroeconomic factors:

1. US Dollar & Treasury Yields: A weaker US dollar generally makes precious metals cheaper for buyers holding other currencies, driving up global demand and domestic prices.

2. Industrial Demand: Silver is highly conductive and heavily used in electronics, solar panels, and EVs. Rising industrial demand naturally pushes up the baseline price.

3. Crude Oil & Inflation: Uncertainty surrounding US inflation data and rising crude oil prices often forces investors into safe-haven assets like gold and silver.

Silver Rate Today in [City Name]: Local Price Variations

Because state taxes, transportation logistics, and local bullion association regulations differ across the country, the 1 kg silver price in India is not uniform.

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For example, checking the silver rate today in Chennai or Mumbai will yield slightly different final invoice amounts compared to Delhi or Kolkata. When budgeting for your purchase, always verify the local spot price in your specific city rather than relying solely on the national average.

What Should You Check Before Buying Silver?

Before finalizing a purchase, compare at least two local quotations. Ensure you ask the dealer for:

• Declared Purity: Always look for BIS Hallmarking (e.g., 999 for fine silver or 925 for sterling silver).

• Making Charges: Understand the premium added for the craftsmanship of jewelry or coins.

• Taxes: Factor in the mandatory 3% GST on precious metals.

• Itemized Billing: Request a transparent invoice breaking down the base metal cost, making charges, and taxes.

Also read- SILVER RATE IN INDIA