Today’s silver price is ₹139 per gram and ₹1,39,000 per kilogram in India, showing a slight increase compared to the previous session. Globally, silver is trading at around $44.22 per ounce, reflecting a significant rise over the past year. This article will provide a comprehensive update using simple, SEO-friendly language, plus all major influencing factors and predictions for silver rates.
Silver Price Today — September 23, 2025
| Measure | Silver Price |
|---|---|
| Per gram (India average) | ₹139 |
| Per kilogram (India average) | ₹1,39,000 |
| In Delhi | ₹140 per gram / ₹1,40,000 per kg |
| In Chennai | ₹150 per gram / ₹1,50,000 per kg |
Silver Price in Major Indian Cities Today (September 23, 2025)
Silver rates can vary slightly from city to city due to local taxes, transportation costs, and demand. Here is a detailed breakdown of the prevailing silver price per gram, per 10 grams, and per kilogram in major Indian metropolitan areas.
| City | Price per Gram (₹) | Price per 10 Grams (₹) | Price per Kg (₹) |
|---|---|---|---|
| Delhi / दिल्ली | 95.50 | 955 | 95,500 |
| Mumbai / मुंबई | 95.50 | 955 | 95,500 |
| Chennai / चेन्नई | 98.00 | 980 | 98,000 |
| Kolkata / कोलकाता | 95.50 | 955 | 95,500 |
| Bengaluru / बेंगलुरु | 96.00 | 960 | 96,000 |
| Hyderabad / हैदराबाद | 98.00 | 980 | 98,000 |
| Jaipur / जयपुर | 95.60 | 956 | 95,600 |
| Ahmedabad / अहमदाबाद | 95.70 | 957 | 95,700 |
| Lucknow / लखनऊ | 95.50 | 955 | 95,500 |
| Patna / पटना | 95.60 | 956 | 95,600 |
| Kanpur / कानपुर | 95.50 | 955 | 95,500 |
| Pune / पुणे | 95.60 | 956 | 95,600 |
| Surat / सूरत | 95.70 | 957 | 95,700 |
| Vadodara / वडोदरा | 95.80 | 958 | 95,800 |
| Chandigarh / चंडीगढ़ | 95.90 | 959 | 95,900 |
| Bhopal / भोपाल | 95.50 | 955 | 95,500 |
| Indore / इंदौर | 95.60 | 956 | 95,600 |
| Lucknow / लखनऊ | 95.50 | 955 | 95,500 |
Silver Price Today in India
- The current rate for silver is ₹139 per gram and ₹1,39,000 per kilogram.
- Prices have gone up by ₹1 per gram compared with yesterday.
- The rate varies slightly depending on the city, with places like Kanpur, Lucknow, and Delhi also reflecting ₹139-₹140 per gram and ₹1,39,000-₹1,40,000 per kilogram.
Global Silver Market
- Silver is priced at $44.22 per ounce today, up 2% from yesterday and about 38% higher than one year ago.
- Over the past month, silver prices have risen by nearly 15%, showing strong growth momentum.
- The price in USD directly affects Indian rates as most silver is imported.
Factors Affecting Silver Price
Several vital factors determine silver’s price in Indian and global markets:
- International Silver Rates: Global benchmarks and U.S. monetary policy have a direct impact on Indian silver rates.
- Rupee-Dollar Exchange Rate: A weaker rupee makes imports costlier, raising domestic silver prices.
- Industrial Demand: Silver is used extensively in electronics, solar panels, and healthcare, so rising industrial consumption increases prices.
- Inflation: High inflation boosts silver’s appeal as a safe-haven investment.
- Mining Supply: Shortages or higher extraction costs cause rates to increase, while oversupply can push them down.
- Government Policies: GST, import duties, and other regulations can make silver cheaper or expensive for Indian consumers.
- Geopolitical Events: Global crises or instability increase demand for silver as a safe investment, driving prices up.
Silver Price Trends & Forecast
- Silver prices stayed robust above ₹133 per 10g throughout September due to strong demand and economic uncertainty.
- Experts predict further price growth in October, with estimates ranging up to ₹1,413-₹1,525 per 10g over the next few weeks, depending on market conditions.
- International analysts expect silver to remain volatile but overall bullish, keeping its appeal for both investors and jewelry buyers.
- The outlook is positive as industrial usage in technology and green energy continues to expand, further supporting higher rates.
Frequently Asked Questions (FAQs)
1. How much GST do I have to pay when buying silver in India?
You have to pay a Goods and Services Tax (GST) of 3% on the total value of your silver purchase. This tax is applied to the price of the silver plus any making charges, so the final amount you pay will be higher than the rates listed in the price table.
2. What is the best form of silver to buy for investment – coins, bars, or jewelry?
For pure investment, silver coins and bars are the best options. This is because they have the highest purity (typically 99.9% or ‘999’) and the lowest making charges. Silver jewelry, while beautiful, includes significant making charges (10%-25%) and is not considered an efficient investment vehicle.
3. Is today a good day to buy silver for investment?
Today’s price shows a minor dip, which some investors might see as a good entry point. However, the decision to buy should align with your personal financial goals and risk tolerance. It’s wise to track the price over a few days and consider that precious metal markets can be volatile.
4. Who decides the silver rate in India every day?
The silver rate in India is not decided by a single entity. It is primarily determined by the international silver prices set by markets like the London Bullion Market Association (LBMA). This international price (in USD) is then converted to Indian Rupees (INR), and factors like import duties, local taxes, and margins set by state bullion associations are added to arrive at the final daily rate.
5. What is the future prediction for silver prices in India for 2025?
While no one can predict prices with certainty, most analysts expect silver to remain in high demand due to its dual role as both an investment asset and an industrial metal. Its price in the coming months will likely be influenced by global inflation trends, central bank policies, and growth in key industrial sectors like solar energy and electric vehicles.
6. Is it better to invest in silver or gold right now?
Both metals have their own advantages. Gold is traditionally seen as a more stable safe-haven asset. Silver is much more affordable, more volatile, and has strong industrial demand, offering the potential for higher percentage gains (and losses). The best choice depends on your budget and investment strategy; many investors hold both to diversify their portfolio.