On June 8, 2026, the silver rate in India is ₹260 per gram, with 1 kg of silver priced at ₹2,60,000. This reflects a 2.04% decrease from its previous close on June 4, 2026, when IT was ₹243.58 per gram.
| Unit | Price (₹) | Change (%) |
|---|---|---|
| 1 Gram (Pure Silver) | 264 | – |
| 10 Grams (Pure Silver) | 2,643 | – |
| 100 Grams (Pure Silver) | 26,434 | – |
| 1 Kg (Pure Silver) | 2,64,347 | – |
| 1 Gram (Standard Silver) | 260 | – |
| 10 Grams (Standard Silver) | 2,600 | – |
| 100 Grams (Standard Silver) | 26,000 | – |
| 1 Kg (Standard Silver) | 2,60,000 | – |
| MCX Silver Futures (July 2026, per kg) | 2,66,350 | +0.06% (rose ₹167) |
| COMEX Silver Contracts (May expiry, per ounce) | $72.545 | -5.14% |
| Silver Rate in Delhi (per gram) | 270 | 0% (stable) |
| Silver Rate in Mumbai (per gram) | 243.58 | – |
| Silver Rate in Bangalore (per gram) | 260 | – |
| Silver Rate in Uttar Pradesh (per gram) | 270 | 0% (stable) |
| Silver Rate in Ahmedabad (per gram) | 243.91 | – |
| Silver Rate in Alappuzha (per kg) | 2,89,900 | – |
| Silver Rate in Raipur (per kg) | 2,79,900 | – |
The daily silver rates are influenced by global commodity prices, the USD/INR exchange rate, and domestic demand. Investors should also account for 3% GST and approximate making charges of ₹10-15 per gram on silver purchases.
Live Silver Price: 10G, 100G, 1Kg
As of June 8, 2026, the live silver price in India is ₹260 per gram, translating to ₹2,60,000 per kilogram. This rate reflects daily fluctuations influenced by global spot prices and the USD/INR exchange rate.
For smaller denominations, 10 grams of silver are priced at ₹2,600, while 100 grams cost ₹26,000, offering flexible investment options for various budgets.
| Weight | Price (₹) | Last Updated |
|---|---|---|
| 1 Gram | 260 | 8 June 2026 |
| 10 Grams | 2,600 | 8 June 2026 |
| 100 Grams | 26,000 | 8 June 2026 |
| 1 Kilogram | 2,60,000 | 8 June 2026 |
| 1 Kilogram (Pure Silver) | 2,64,347 | 1 June 2026 |
| 10 Grams (Pure Silver) | 2,643 | 1 June 2026 |
| 100 Grams (Pure Silver) | 26,434 | 1 June 2026 |
| 1 Kilogram (MCX Silver Futures, July 2026) | 2,66,350 | June 2026 |
| 1 Kilogram (MCX Silver) | 2,52,000 | June 2026 |
| 1 Kilogram (Delhi) | 2,70,000 | 8 June 2026 |
| 1 Gram (Delhi) | 270 | 8 June 2026 |
| 1 Gram (Bangalore) | 260 | 8 June 2026 |
| 1 Kilogram (Bangalore) | 2,60,000 | 8 June 2026 |
| 1 Gram (Mumbai) | 243.58 | 4 June 2026 |
| 10 Grams (Mumbai) | 2,435.80 | 4 June 2026 |
| 1 Kilogram (Mumbai) | 2,43,580 | 4 June 2026 |
| 1 Gram (Ahmedabad) | 243.91 | 4 June 2026 |
| 1 Gram (Uttar Pradesh) | 270 | 7 June 2026 |
| 10 Grams (Uttar Pradesh) | 2,700 | 7 June 2026 |
The price of silver in India can vary slightly across cities due to local taxes and transportation costs, with Delhi and Bangalore showing a rate of ₹260 per gram on June 8, 2026.
Silver Rate Trend: Last 7 Days
Silver prices in India have shown fluctuations over the past week, with the rate for 1 kg of silver at ₹2,60,000 on June 8, 2026. This represents a decrease of 2.04% from its previous close on June 4, 2026, when IT was ₹2,43,580 per kg.
| Date | Price Per Gram (₹) | Price Per Kg (₹) |
|---|---|---|
| 8 June 2026 | 260 | 2,60,000 |
| 7 June 2026 | 256.9 | 2,56,900 |
| 5 June 2026 | 248.66 | 248,660 |
| 4 June 2026 | 243.58 | 243,580 |
| 1 June 2026 | 264 | 2,64,347 |
| July 2026 (MCX Futures) | 266.35 | 2,66,350 |
| June 2026 (MCX Futures) | 275.5 | 2,75,500 |
The MCX silver futures for July 2026 rose by ₹167 to ₹2,66,350 per kg, indicating some upward movement in the futures market despite spot price dips.
City-Wise Silver Rates Today
Silver rates vary across Indian cities due to local taxes, transportation costs, and demand. As of June 8, 2026, the price of 1 kg of silver ranges from ₹2,60,000 in Bangalore to ₹2,70,000 in Delhi.
These city-specific rates are for buyers and sellers to ensure fair transactions.
| City | Price Per Gram (₹) | Price Per Kg (₹) |
|---|---|---|
| Delhi | 270 (8 June 2026) | 2,70,000 (8 June 2026) |
| Bangalore | 260 (8 June 2026) | 2,60,000 (8 June 2026) |
| Uttar Pradesh | 270 (7 June 2026) | 2,70,000 (7 June 2026) |
| Mumbai | 243.58 (4 June 2026) | 2,64,900 (8 June 2026) |
| Chennai | 244.29 | 2,69,900 (8 June 2026) |
| Kolkata | N/A | 2,64,900 (8 June 2026) |
| Ahmedabad | 243.91 | N/A |
| Hyderabad | 243.97 | N/A |
| Alappuzha | N/A | 2,89,900 (1 June 2026) |
| Raipur | N/A | 2,79,900 (1 June 2026) |
The difference in silver prices between cities like Alappuzha and Raipur can be as much as ₹10,000 per kg, reflecting regional market dynamics.
Factors Influencing Silver Prices
Several key factors influence India’s silver prices, which stood at ₹260 per gram on June 8, 2026. Global demand, supply dynamics, and macroeconomic indicators significantly impact daily rates across Indian cities.
- Global Demand and Supply: Industrial demand for silver, particularly in electronics and solar panels, drives a significant portion of its price. A surge in industrial activity or new technological applications can increase demand, pushing prices higher.
- USD-INR Exchange Rate: Silver is globally traded in US Dollars. When the USD strengthens against the Indian Rupee (USD-INR rate at ₹95.50 on June 8, 2026), imported silver becomes more expensive in India, impacting local prices.
- Inflation and Interest Rates: Silver often hedge against inflation. During periods of high inflation, investors tend to buy silver, increasing its price. Conversely, rising interest rates can make other investments more attractive, potentially reducing silver demand.
- Geopolitical Events: Global political instability or economic uncertainty often leads investors to safe-haven assets like silver. Such events can cause sharp, short-term spikes in silver prices.
- Gold Prices: Silver prices often correlate with gold prices, though silver can be more volatile. On June 8, 2026, 22k gold was priced at ₹13,905 per gram, influencing investor sentiment towards silver.
- Government Policies and Import Duties: Changes in government policies, such as the 15% customs duty on precious metal imports, directly affect domestic silver prices. Higher duties increase the cost of imported silver.
- Speculative Trading: Futures markets, like MCX silver futures (July 2026 contract at ₹2,66,350 per kg), see significant speculative trading. Large institutional trades can create volatility and influence spot prices.
- Local Taxes and Making Charges: In India, a 3% GST applies to silver purchases. , making charges for silver jewellery can range from ₹10 to ₹15 per gram, impacting the final consumer price.
These factors combine to create the daily fluctuations observed in silver rates across different Indian cities.
Investing in Silver: Options & Purity
Investors in India can choose from various silver investment options, including physical silver, digital silver, and silver derivatives. Purity is a key factor, with 99.9% fine silver being the highest standard for investments.
Consider these popular ways to invest in silver in India:
- Physical Silver: This includes silver coins, bars, and jewellery. Sterling silver jewellery typically has a 92.5% purity, indicated by a 925 hallmark.
- Silver ETFs: These exchange-traded funds track domestic silver prices, offering a convenient way to invest without holding physical metal.
- Digital Silver: Platforms allow buying and selling silver online, with minimum investments starting from as low as ₹500 per month for Silver SIPs.
- Silver Futures (MCX): The Multi Commodity Exchange (MCX) offers silver futures contracts, with the July 2026 contract trading at approximately ₹2,66,350 per kg (as of June 2026).
- Silver Micro & Mini Contracts: MCX also provides smaller contracts like Silver Micro (1 kg units) and Silver Mini (5 kg units, with a base value of 1 kg) for retail investors.
- Silver Purity Standards: Investment-grade silver is typically 99.9% pure, while sterling silver used in jewellery is 92.5% pure. All silver purchases are subject to 3% GST.
Understanding these options and purity levels helps investors align their silver purchases with their financial goals.
Silver vs Gold: Investment Comparison
Silver and gold offer distinct investment profiles, with silver exhibiting higher volatility and growth potential due to its industrial demand. As of March 2026, silver trades around ₹2,80,000 per kg, while gold is approximately ₹1,63,470 per 10g. The gold-to-silver ratio of around 63:1 in 2026 suggests silver may be undervalued historically.
| Parameter | Silver | Gold |
|---|---|---|
| Volatility | Higher volatility, sharper price swings during economic booms and downturns (2026) | Less volatile, more consistent portfolio stabilizer (2026) |
| Liquidity | Lower liquidity compared to gold, ‘Liquidity Illusion’ of physical vs. Digital holdings (2026) | Superior liquidity, most efficient entry/exit for ETFs (2026), widely accepted as collateral for loans (up to 75% LTV) |
| Growth Potential | Higher growth potential from industrial demand, ‘Penny Stock of Metals’ (2026), can offer much higher growth potential with heartbeat jumps | Steady growth, reliable store of value, effective hedge during economic uncertainty (2026) |
| Investment Role | Dual role as industrial metal and investment asset, tactical, higher-risk complement (2026) | Safe haven asset, portfolio stabilizer, anchor for stability and risk hedge (2026) |
| Price (approx. As of March 2026) | ₹2,80,000 per kg | ₹16,347 per gram (₹1,63,470 per 10g) |
| Gold-to-Silver Ratio | Gold-to-silver ratio at ~63:1 (2026) historically signals silver is cheap relative to gold | Gold-to-silver ratio at ~63:1 (2026) |
| Industrial Demand | Significant industrial use in electronics, solar panels, and medical applications (2026) | Limited industrial demand, primarily for jewelry and investment (2026) |
| GST & Making Charges | 3% GST on purchases, plus making charges of ₹10-15 per gram (approx. 10% of weight) | 3% GST on purchases, plus making charges (typically 8-25% of gold value) |
Investors often consider silver for its higher upside potential, while gold a traditional safe-haven asset for portfolio stability.
Silver Price Forecast 2026-2030
Silver prices in India are expected to remain volatile through 2026, influenced by global macroeconomic factors and industrial demand. As of June 8, 2026, the price of silver stands at ₹260 per gram, with 1 kg priced at ₹2,60,000.
MCX silver futures for July 2026 rose ₹167 to ₹2,66,350 per kg, reflecting short-term market movements. The metal experienced a dramatic price plunge earlier in 2026, falling from an all-time high to nearly $60 per ounce on COMEX. This volatility stemmed from macroeconomic pressures, not fundamental weakness.
Long-term forecasts for 2027-2030 suggest a potential recovery, driven by increasing industrial applications in solar panels and electric vehicles. The gold-to-silver ratio currently hovers around 63:1 (2026), indicating silver may be undervalued compared to gold. India’s import duty hike to 15% on precious metals also impacts domestic prices.
Key Takeaways
- Silver prices in India are ₹260 per gram and ₹2,60,000 per kg as of June 8, 2026.
- MCX silver futures for July 2026 are trading at ₹2,66,350 per kg, showing a ₹167 increase.
- The metal experienced a significant price drop in early 2026, reaching nearly $60 per ounce on COMEX.
Monitor daily silver rates and market trends to make informed investment decisions.
Frequently Asked Questions (FAQs)
What is the silver rate today in India?
As of June 8, 2026, the silver rate in India is ₹260 per gram and ₹2,60,000 per kilogram. This rate reflects the current market price for pure silver, influenced by global commodity prices and domestic demand.
What is the price of 10 grams of silver today in India?
On June 8, 2026, the price for 10 grams of silver in India is approximately ₹2,600. This makes IT an accessible investment option for smaller amounts compared to gold.
What is the price of 100 grams of silver today in India?
The price for 100 grams of silver in India on June 8, 2026, is around ₹26,000. This rate is subject to daily fluctuations based on international spot prices and the USD/INR exchange rate.
What factors influence silver rates in India?
Global commodity prices, domestic demand, and market sentiment significantly influence daily silver rates in India. Economic indicators and the strength of the Indian Rupee against the US Dollar also play a role.
How can I invest in silver in India?
You can invest in silver through digital gold apps, silver Exchange Traded Funds (ETFs), certified coins from banks, or jewellery from BIS-hallmarked stores. Silver ETFs offer a convenient way to gain exposure to silver price movements without physical storage.
Is silver a good investment in India?
Silver is considered a reliable long-term investment in India and can act as a hedge in volatile markets. Its dual role as an industrial metal and investment asset attracts diverse investors.
Why is the silver price rising faster than gold in India?
Silver prices can sometimes rise faster than gold due to increased industrial demand, its lower price point making IT more accessible, and higher volatility. Global economic shifts and specific supply-demand dynamics often drive these movements.
Disclaimer: This article is general information, not financial advice. Interest rates, fees, and eligibility change frequently. Verify current details with the lender or regulator (RBI / SEBI) before deciding.