Silver is ₹2,21,109 a kilogram, or ₹221 a gram, for 999 fine metal on the IBJA afternoon fix of 9 Oct 2026. That is up 1.84% on the previous session. Add 3% GST and the jeweller's making charge to reach a bill.
Checked at source 9 Oct 2026·India Bullion and Jewellers Association (IBJA)
Silver rate today by weight
IBJA fixes silver per kilogram at 999 fineness. Everything below is that fix divided down, with and without the 3% GST that applies whether the metal is bar or article.
Checked at source 9 Oct 2026·India Bullion and Jewellers Association (IBJA)
Silver price, session by session
Silver moves further than gold on the same news, and the gap between the morning and afternoon fix can exceed a per cent on an active day. On a kilogram that is real money.
Checked at source 9 Oct 2026·India Bullion and Jewellers Association (IBJA)
Silver over five years, in rupees
Checked at source 29 Sep 2026·LBMA benchmark prices, converted at ECB reference rates
Checked at source 29 Sep 2026·COMEX front-month converted at USD/INR spot
Silver year by year
Checked at source 29 Sep 2026·COMEX front-month converted at USD/INR spot
Silver rate by city
The fix is national. What differs locally is the making charge on articles and utensils, which on silver is a far larger share of the bill than it is on gold, because the labour costs much the same while the metal underneath is a fraction of the price.
Checked at source 9 Sep 2026·huid.manakonline.in
The routes into silver, compared on cost
Owning silver without storing it
A kilogram of silver is a physical problem in a way a hundred grams of gold is not. The schemes below hold the metal in a vault and trade in units.
Checked at source 10 Oct 2026·portal.amfiindia.com
What silver’s own numbers imply from here
Realised volatility over the last year is 60.9% annualised. Applied to the fix of ₹2,21,109, that puts about two years in three inside these bounds.
How silver has moved by month
Average move from the first close of the month to the last, over every complete month in the five-year series.
Checked at source 29 Sep 2026·Computed from five years of daily closes
Tax when you sell silver
Checked at source 17 Aug 2026·Income Tax Act, as amended by the Finance Act
Silver against gold
Both legs are the IBJA fix for the same session, so the ratio moves only when one metal moves against the other.
Common questions
What is the silver rate in India today?
Silver of 999 fineness is ₹2,21,109 a kilogram, or ₹221 a gram, on the IBJA fix of 9 Oct 2026, before 3% GST.
What does 100 grams of silver cost in India?
100 grams of 999 silver is ₹22,111 at the fix, or ₹22,774 with GST added.
Why is the making charge higher on silver than on gold?
It is not higher in rupees. It is higher as a share of the bill, because the labour on a silver article costs much the same as on a gold one while the metal underneath is a fraction of the price.
Does the silver rate change by city?
IBJA fixes one rate for India and it is the rate lenders and jewellers price against. What changes locally is the making charge, the dealer premium on small pieces and how much competition there is: India has 0 BIS-recognised assaying and hallmarking centres.
Has silver gone up or down over the last year?
Silver is up 40.2% over twelve months, and up 265.1% over five years, measured in rupees.
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