Silver Rate Today in Bangalore (31 Oct 2026)
as on 30 Oct '26
1 kg
₹1,84,564.00
(0.00%)
100 gm
₹18,456.40
(0.00%)
10 gm
₹1,845.64
(0.00%)
Today's Silver Rate in Bangalore
The silver rate today in Bangalore (October 30, 2026) is ₹1,84,564 for 1 kg, ₹18,456 for 100 gms, and ₹1,846 for 10 gms.
Jewellery prices are usually higher than these rates because jewellers add 3% GST, making charges and their own markup.
If you want to buy Silver without jewellery markup, you can use Gold Vault by Dhan. You buy 999 purity Silver at live MCX rates with zero markup, it is stored safely in an insured vault, and you get it delivered to your home whenever you want. You can check the delivery cost for your location using our Gold Vault shipping rate calculator.
1 gm, 10 gm, 100 gm & 1 kg Silver Rate in Bangalore
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Silver Rate Trend in Bangalore
1 gm
10 gm
100 gm
1 kg
Silver Rate Calculator
Current Silver Price
per gram · as on 31 Oct '26
₹185
Silver Quantity (grams)
10 gm1000 gms
Making Charges (%)
0%20%
GST
3% on base price + 5% on making charges
NoYes
Total price of 100 grams of silver in Bangalore
₹20,948
Incl. making charges & GST
Base price (100 gms × ₹185)
₹18,456
Making charges (10%)
₹1,846
GST
₹646
Prices are indicative and based on today's silver rate in Bangalore. Actual price may vary by jeweller.
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Things to Know About Silver Market in Bangalore
Bengaluru, which is known as the Silicon Valley of India, offers a perfect blend of the latest technology and the age-old tradition of precious metals investments. While tech professionals in Whitefield and Electronic City shape the digital future, a century-old tradition of silver buying thrives in Commercial Street, Chickpet and Avenue Road.
This cosmopolitan city and its eclectic mix of young professionals, traditional families and savvy investors provide a dynamic silver market that caters to the various needs of buyers. As silver continues to rise alongside affordable uses as a precious metal investment, it is vital to understand Bengaluru's silver market if you are a buyer or investor.
Bengaluru's strategic position in the South Indian region, high-affluent demographics and strong purchasing power make Bengaluru one of the most important trading hubs for silver in the country. Silver prices in Bengaluru are market-based and are synchronised with the international price of silver and domestic market dynamics.
Current Silver Prices in Bengaluru (As of ):
- 1 Kg Silver: ₹0
- 100 Grams Silver: ₹0
- 1 Gram Silver: ₹NaN
The silver rates changed several times during the day based on real-time changes in global commodity markets, which ensure Bengaluru's pricing is competitive and transparent.
Silver rates in Bengaluru are determined by a complex interplay of global and domestic variables that results in daily variation in the silver rate.
- Global factors:
- International silver prices: The most important factor is the global silver price as it is quoted in USD per troy ounce on major exchanges, such as COMEX and LBMA.
- Geopolitical tensions and economic uncertainty: In times of global instability, war, or economic uncertainty, silver can be a safe-haven asset, leading to an increase in demand and prices.
- US Federal Reserve policy decisions. Monetary policy decisions, specifically interest rate changes, have a significant impact on precious metal prices. Lower interest rates support higher silver prices as the opportunity cost of holding non-yielding assets decreases.
- Domestic factors:
- Import costs: India is the biggest importer of silver. The existing 6% import duty directly increases the silver price.
- Seasonal demand surges: Festival seasons, such as Diwali, Dhanteras and regional celebrations like the Ugadi, result in a temporary increase in demand, which can put pressure on the silver prices.
- Local market dynamics: Bengaluru's unique supply-demand dynamics, with the city's burgeoning population of affluent residents and investment culture, have a significant impact on silver prices.
- Transportation from ports: Silver imported through major ports like Mumbai, Chennai, or Mangalore incurs transportation costs to reach Bengaluru.
- Wedding season demand: The wedding season in Bengaluru brings in high demand for silver jewellery and items, which could impact the availability and pricing of local markets.
- Tech sector demand: Bengaluru is the electronics manufacturing hub in India. Silver is the best conductor of electricity and is extensively used in PCBs, mobile components and 5G infrastructure.
In Bengaluru, the silver spot prices are determined by:
- International benchmark: The real-time silver prices on the global exchanges (e.g., COMEX or LBMA).
- Currency conversion: Converting the global USD price to INR.
- Import costs: Including 6% import duty and 3% GST.
- Local bullion rates: The local bullion and jewellers association sets the daily opening and closing rates on a day-to-day basis based on the availability of the supply and demand from local industries and jewellers.
First-time buyers in Bengaluru often see a wide difference between the published spot prices and the actual retail prices they pay. The spot price is the current price on the market at which silver can be obtained for immediate delivery.
This difference is not arbitrary but is made up of several additional cost elements that buyers should understand to make fair comparisons between different jewellers. Components responsible for the price spread include GST, making charges, hallmarking charges, transportation charges, insurance charges, and retailer margin.
Bengaluru follows the national taxation structure for silver imposed by the Government of India. Karnataka state does not contain any additional state-level taxes on silver.
On silver purchases:
When buying physical silver (jewellery, coins, bars, or decorative items) in Bengaluru, the following taxes and charges are imposed:
- Import duty: 6% (already included in the base costs).
- GST on the value of silver: 3%.
- GST on making charges: ~5% on fabricated items of silver, jewellery and decorative articles.
- Making charges: These vary by jeweller and depend on design complexity. Traditional jewellery pieces attract 10-40% making charges of the silver value, whereas bars and coins have lower making charges.
- Hallmarking charges: ₹35 per article with a minimum of ₹150 per consignment as per BIS guidelines for physical purchases of silver.
On the sale of silver investments (physical, ETFs, mutual funds, digital silver):
On the sale of silver investments, the gains are subject to capital gains tax depending on the holding period. The tax treatment differs for different silver investment vehicles:
For physical silver, digital silver and mutual funds:
- LTCG: For silver investments that are held for a period of 24 months or more, LTCG is taxed at 12.5%.
- STCG: For silver investments, which are held for a period of less than 24 months, STCG is taxed at the individual's income tax slab.
For silver ETFs:
- STCG: For holding periods less than 12 months, gains are included in the total income and are taxed at individual income tax slab rates.
- LTCG: Investments held for 12 months or more at 12.5% rate.
Bengaluru emerges as a significant silver consumption hub in India and has its own unique characteristics of its demographic profile and culture. Bengaluru silver consumption is driven by:
- Traditional consumption: In the old parts of the city, there is a demand for traditional puja items (lamps, plates) and heavy silver anklets, especially on occasions of weddings and during the Varamahalakshmi festival.
- Modern/Industrial consumption: Silicon Valley drives massive demand for industrial-grade silver for use in IT hardware, aerospace components, and green tech applications. Additionally, youngsters are choosing affordable Sterling Silver (925) jewellery over gold as their preferred choice.
- Investment culture: Apart from ornamental uses, the educated population of Bengaluru is increasingly treating silver as an investment asset. The city shows a growing preference for silver investments in the form of silver bars, coins, ETFs, and mutual funds.
While transacting in Silver Markets in Bengaluru, from traditional bazaars to modern showrooms, buyers must practice caution to save their investments and make sure they are getting genuine products at fair prices. Here are critical factors to consider.
- Purity verification: Always demand BIS Hallmarked silver. It should have the purity grade (e.g. 999 for fine silver, 925 for sterling), BIS hallmark, Jeweller's ID, assaying centre mark, and the 6-digit HUID code.
- Weight accuracy: Make sure the weighing scale is digital and calibrated. If the item contains stones or enamel, request that the net weight of the silver be recorded separately.
- German silver trap: Be careful about vendors selling German Silver or Nickel Silver. These are alloys of copper, nickel, and zinc with no actual silver.
- Verbal purity assurances: Never rely entirely on verbal assurances of purity, weight, or buyback terms. Insist on everything being documented on the purchase invoice.
- Unclear buyback terms: Some jewellers advertise attractive buyback schemes but have hidden clauses. Read buyback policies carefully before buying.
- Switching and bait tactics: Be aware of situations where the jeweller presents one piece but tries to pass off something else, or where weights change between the time of display and final billing.
No, silver prices vary slightly from city to city. Bengaluru's rates tend to be slightly higher than port cities such as Chennai or Mumbai because of inland transportation, insurance, and logistics expenses to bring the bullion into the city.
Strategic planning around auspicious occasions can enhance the cultural significance as well as the financial wisdom of silver purchases. Most auspicious days to buy silver include:
- Ugadi (Kannada New Year): Considered auspicious in Karnataka. Silver purchases made on this day are believed to bring prosperity for the entire year.
- Dhanteras: Dhanteras is the most auspicious day in India for the purchase of precious metals.
- Diwali: Many families believe Diwali to be an ideal time to add to their precious metals holdings.
- Akshaya Tritiya: Akshaya Tritiya is considered a period of prosperity and good luck. Silver purchases made on this day are traditionally considered to multiply wealth.
- Pushya Nakshatra: These auspicious days in the Hindu lunar calendar are traditionally preferred for important purchases, including silver.
- Varamahalakshmi Vratam: This is a festival celebrated mainly in the state of Karnataka and other parts of South India, where families buy silver articles, especially for puja and traditional ceremonies.
- Makar Sankranti: This harvest festival is considered auspicious for making fresh purchases and investments in many Indian traditions.
Buyers in Bengaluru are protected by several legal laws which regulate quality, fraud and unfair trade in silver purchases. Legal protection in Bengaluru can be availed by buyers by:
- BIS care app: Check the authenticity of the Hallmarked silver articles by using the BIS app. If it doesn't match, make a complaint on the app and website.
- Consumer courts: The offence of unfair trade practice can be redressed by the buyers at the District Consumer Disputes Redressal Forum.
- Legal metrology: For issues relating to faulty weighing scales, the buyer can report to the Legal Metrology Department of Karnataka.
- Police complaints: In the cases of fraud, cheating, false pretences or criminal breach of trust, buyers can lodge FIRs at the local police stations.
FAQs
Check the daily silver rate, insist on BIS Hallmarking (with HUID), check the purity (like 925, 999), know the making charges and get a GST invoice. Additionally, also check the buy-back and exchange policy for resale in future.
The highest price that 1 kg of silver was quoted in Bengaluru was ₹0 on .
As of , the price of silver in Bengaluru stands at ₹ per gm of 999 purity silver. This is the spot rate, which is the base price of silver metal without any additional costs.
Bengaluru residents can easily invest in silver instruments using Dhan by following the process below:
Step 1: Opening a Demat Account (if you are new to Dhan)
Step 2: Transfer funds into your account.
Step 3: Pick out your investment in silver.
- Silver Exchange Traded Funds (ETFs)
- Silver mutual funds
- Silver futures/options
Step 4: Place your order.
Step 5: Monitor and manage your investment.
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