*T&C Applied.
Silver Rates in India Today
Silver may not be as expensive as gold these days, but its demand is no less. It is very commonly used in Indian households and is often called “White Gold”. One of the most traded commodities in the world, silver’s demand is surging in various sectors as well as an investment asset. Silver rates are affected by the global demand and supply, and hence, the rates fluctuate daily just like gold. Read More
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Checklist Before Buying Physical Silver in India
Before you plan to buy Silver, following check points should be kept in mind:
Silver ETF Funds
| Fund Name | Return 1 Year | Return 3 Years | NAV | Expense Ratio |
| ICICI Prudential Silver ETF - Growth | 81.04% | 38.87% | ₹239.33 | 0.4% |
| Nippon India Silver ETF - Growth | 80.42% | 38.51% | ₹229.51 | 0.56% |
| HDFC Silver ETF Regular - Growth | 79.98% | 38.69% | ₹229.63 | 0.45% |
| SBI Silver ETF-Growth | 80.55% | N/A | ₹234.83 | 0.4% |
| Tata Silver ETF - Growth | 64.99% | N/A | ₹23.32 | 0.44% |
| Kotak Silver ETF Regular - Growth | 80.79% | N/A | ₹232.51 | 0.45% |
| Mirae Asset Silver ETF - Growth | 80.75% | N/A | ₹233.36 | 0.35% |
| UTI Silver ETF- Growth | 77.73% | N/A | ₹229.43 | 0.53% |
| Aditya Birla Sun Life Silver ETF-Growth | 81.01% | 38.85% | ₹239.21 | 0.35% |
| Edelweiss Silver ETF - Growth | 80.37% | N/A | ₹239.36 | 0.45% |
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Alternatives to Physical Silver in India
Traditionally, physical silver has been the most popular choice amongst investors. Whether it is silver coins, jewellery, or bars, people have always loved to wear silver jewellery. But physical silver comes with its challenges like security risk, storage, making charges, and GST. To overcome this, many cost-effective, non-physical alternatives to silver have emerged.
Factors Influencing Silver Price
There are many factors that affect the Silver prices in India. Some of the major factors include:
Silver ETF in India Vs Physical Silver
| Parameters | Physical Silver | Silver ETFs |
| Liquidity | Moderate. Local buyers play an important role | High. They can be traded like shares on stock exchanges |
| Storage | Locker required | No physical storage required. |
| Costs | 3% GST at the time of purchase | Expense ratio 0.5-1%. No GST |
| Minimum Entry | No minimum entry | ₹500 per unit |
| Taxation | 20% LTCG after 36 months | 12.5% LTCG after 1 year |
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Difference Between 999 Silver and 925 Silver Rates
| Parameters | (Fine Silver) 999 Silver | (Sterling Silver) 925 Silver |
| Purity | 99.9% pure silver | 92.5% pure silver 7.5% alloyed with other metals (copper mostly) |
| Per gram | Higher | Lower, mostly 7%-8% cheaper |
| Common Uses | Purchased as bars, coins, bullion for investment purpose | Purchased as Jewellery, ornaments, etc. for more durability |
| Durability | Can get scratches or breakage | Hard. Common for daily usage |
| Hallmarking | BIS 999 hallmark | BIS 925 hallmark |
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Silver Rates in Popular Cities
- Silver Rate in Chennai
- Silver Rate in Delhi
- Silver Rate in Jaipur
- Silver Rate in Kolkata
- Silver Rate in Lucknow
- Silver Rate in Pune
- Silver Rate in Kota
- Silver Rate in Gurgaon
- Silver Rate in Indore
- Silver Rate in Bhopal
- Silver Rate in Chandigarh
- Silver Rate in Vadodara
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Silver Rates in India FAQs
Why is the silver rate increasing?
The primary reason for the price increase is surging demand from sectors like EV, 5G infrastructure, solar energy, etc.
What is the rate of 1 kg silver in India?
Silver price in India varies daily based on market rates; Today’s live silver price in India is 2,85,000
How much does 10 gram silver cost in India?
The price of 10 grams of silver depends on the current per-gram silver rate in India. Price of 10 gm silver in India is 2,850
Why is silver falling?
Silver prices fall due to lower industrial demand, a stronger US dollar, or global economic uncertainty.
Is silver good to buy now?
Silver can be a good long-term investment, especially when prices are lower.
Will the silver price rise again?
Silver prices may rise due to industrial demand, inflation, and global market trends.
Silver coins/bars are considered a good investment option, why?
They offer tangible ownership, high liquidity, and act as a hedge against inflation.
Where to buy silver bars in India?
Silver bars can be bought from banks, authorized bullion dealers, and reputed online platforms.
What is silver hallmarking?
Silver hallmarking certifies the purity and authenticity of silver as per BIS standards.
What are the benefits of buying hallmarked bullions?
They ensure assured purity, higher trust, and better resale value.
#Silver prices shown on this page are for informational purposes only. [Source: Rapid API]. Prices are subject to change based on market conditions and may vary at different times of the day.
*Returns as on 10th Jan'25. 18% returns for Tata AIA Life Top 200 for the last 10 years.The past performance is not necessarily indicative of future performance. Source: Morningstar
