Silver Rate in India — Benchmark Reference Rate (5 October 2026)
Check today's live benchmark silver price in India per gram, 10 grams, 100 grams, and 1 kilogram. Benchmark spot prices published by the India Bullion and Jewellers Association (IBJA).
Fine Silver 999 (Excl. GST)
Benchmark Spot Rate
Excluding 3% GST
Base Metal Price
Benchmark vs Retail Price Notice:
The quoted rates represent the national industrial benchmark bullion spot rate for pure silver 999. When purchasing silverware, ornaments, or coins from retail jewellers, 3% GST and making/minting charges are applied on top of the benchmark value.
Silver Price by Weight in India Today
| Silver Weight | Benchmark Price (Excl. GST) | Price with 3% GST |
|---|---|---|
| 1 Gram | ₹92 | ₹95 |
| 10 Grams | ₹915 | ₹942 |
| 1 Tola (11.66g) | ₹1,067 | ₹1,099 |
| 50 Grams | ₹4,575 | ₹4,712 |
| 100 Grams | ₹9,150 | ₹9,425 |
| 250 Grams | ₹22,875 | ₹23,561 |
| 500 Grams | ₹45,750 | ₹47,123 |
| 1 Kilogram (1000g) | ₹91,500 | ₹94,245 |
Data Source & Provenance
Methodology: Official IBJA benchmark polled prices for Silver 999 fine purity across major bullion markets in India.
Related Commodities & Calculators
Frequently Asked Questions on Silver Price in India
How is silver purity measured in India?
Silver purity is commonly denoted as 999 (99.9% pure fine silver used in bars and coins) or 925 (92.5% sterling silver, commonly used for high-end silverware and fine jewellery).
Does the silver rate include GST?
No. The official IBJA silver benchmark rate is published without GST. A standard 3% GST is added at the time of retail purchase, along with any jeweller making charges.
Why do silver prices fluctuate daily?
Silver prices are influenced by global commodity markets (COMEX/LBMA), currency exchange fluctuations (USD/INR), industrial manufacturing demand (solar panels, electronics), and domestic festive demand.