Silver Rate in India Today (14th September, 2024)

As of today, the Silver rate in India is ₹894.18 per 10 grams, ₹8,941.81 per 100 grams & ₹89,418 per 1 KG.
Stay updated with today's Silve rates in India and also compare them with rates from past days.

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.

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.