Silver Rate in India Today (2nd November, 2024)

₹1,012.12 32

10g Silver Price

₹10,121.24 315

100g Silver Price

₹101,212 3

1kg Silver Price

New Delhi

As of today, the Silver rate in India is ₹1,012.12 per 10 grams, ₹10,121.24 per 100 grams & ₹101,212 per 1 KG.
Stay updated with today's Silve rates in India and also compare them with rates from past days.

Today's Silver Prices In Indian Metro Cities

City	10 grams	100 grams	1kilogram
Mumbai City	₹1,009.18	₹10,091.81	₹100,918
Chennai	₹966.03	₹9,660.29	₹96,603
New Delhi	₹1,012.12	₹10,121.24	₹101,212
Hyderabad	₹967.99	₹9,679.90	₹96,799
Bangalore	₹964.07	₹9,640.67	₹96,407
Kolkata	₹996.43	₹9,964.32	₹99,643
Patna	₹979.07	₹9,790.73	₹97,907
Chandigarh	₹987.71	₹9,877.13	₹98,771
Jaipur	₹997.02	₹9,970.20	₹99,702
Lucknow	₹980.74	₹9,807.40	₹98,074

Source: IBJA

Updated: 01 Jan, 1970

Today Silver Price Per Gram/Kg in India (₹)

Gram	Silver Rate Today	Silver Rate Yesterday	Change %
1 gram	₹101.21	₹104.36	-3.02
10 gram	₹1,012.12	₹1,043.64	-3.02
100 gram	₹10,121.24	₹10,436.41	-3.02
1 kg	₹101,212	₹104,364	-3.02

Source: IBJA

New Delhi

Why Silver Is Important ?

Silver holds significant cultural and economic value in India, often seen as a symbol of prosperity and purity. Its prices in India are influenced by global market trends, industrial demand, and domestic consumption patterns. Recently, silver prices have shown volatility, partly due to fluctuating industrial demand and economic recovery post-pandemic.
Silver is extensively used in jewellery, religious artefacts, and industrial applications, driving consistent demand. During festivals and weddings, the demand for silver spikes, reflecting its cultural importance. Additionally, silver is considered an affordable investment option, particularly in rural areas.
In the recent Union Budget, the Indian government announced measures to boost the silver market, including reducing import duties.

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Source: IBJA

Silver Rate Changes in last 10 Days

Dates	1kg Price	Change %
November 02,2024	₹101,212 3,152	-3.02
November 01,2024	₹104,364	0.00
October 31,2024	₹104,364	0.00
October 30,2024	₹104,364	0.00
October 29,2024	₹104,364	0.00
October 28,2024	₹104,364	0.00
October 27,2024	₹104,364	0.00
October 26,2024	₹104,364 144	-0.14
October 25,2024	₹104,509 286	-0.27
October 24,2024	₹104,794	0.00

Source: IBJA

New Delhi

What Is The Difference Between Sterling Silver & Pure Silver?

Sterling silver is an alloy containing 92.5% pure silver and 7.5% other metals, usually copper, while pure silver, also known as fine silver, is 99.9% silver.

Frequently Asked Questions

How to determine the purity of silver?

You can look for hallmarks, such as "999" for fine silver or "925" for sterling silver, to find out how pure the silver is. More accuracy can also be obtained by conducting an acid test with a silver testing kit, nitric acid, and a testing stone. Finally, as real silver is non-magnetic and shouldn't be drawn to a magnet, a straightforward magnet test can be helpful.

What is better, sterling silver or silver?

Sterling silver is better for most uses because it's stronger and more durable, containing 92.5% silver. Pure silver, while more valuable, is too soft for everyday items.