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Silver Rate in Delhi
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Silver Rate Today in Delhi

as on 22 Feb '26
coin
1 kg
2,70,544.00
(+5.40%)
coin
100 gm
27,054.40
(+5.40%)
coin
10 gm
270.54
(+5.40%)
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Silver 101
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Silver Rate Graph for Delhi


1 gm, 10 gm, 100 gm & 1 kg Silver Rate in Delhi

NameTodayYesterdayPrice Change
1 gm0.00N/AN/A
10 gm0.00N/AN/A
100 gm0.00N/AN/A
1 kg0.00N/AN/A
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Silver 101

Being the political capital of India, as well as a major commercial hub, Delhi is one of the most important precious metals trading centres in India. From the historic lanes of Chandni Chowk and Dariba Kalan to the modern bullion markets across the city, Delhi's silver trade has deep historical roots, while adapting to the modern trends of investment.
Whether bought for jewellery, silverware, religious articles or as an investment hedge, learning about silver prices in Delhi is important for consumers, traders and investors to make informed buying decisions.
Delhi's silver rates are considered a benchmark for the whole Northern India region, as the city is a key consumer and distribution centre. Silver prices in Delhi are calculated per gram or per kilogram and are updated several times during the trading session. Silver is mainly quoted under two levels of purity:
  • 999 purity (99.9% pure silver): Standard for investment-grade silver bars and coins.
  • 925 purity (Sterling silver): Used in making jewellery and decorative items.
Silver price in Delhi (As of ) is:
  • 1 Kg Silver: ₹0
  • 100 Gram Silver: ₹0
  • 1 Gram Silver: ₹NaN
Silver prices in Delhi are sensitive to a combination of global macro-economics and the logistics of the region:
  • Global factors:
    • Industrial supercycle: The booming demand for solar panels and EV batteries has led to a structural deficit, driving global silver spot prices.
    • US Dollar strength: Silver is denominated in dollars. Any weakness in the USD makes silver cheaper for the global buyers, but a strengthening US dollar makes it expensive for buyers with other currencies.
    • Geopolitical tensions: Continuous trade uncertainties and geopolitical conflicts have cemented silver's position as a safe-haven asset in India.
  • Delhi-specific factors:
    • Logistics & transport: Since Delhi is landlocked, it depends on silver transported from ports in Mumbai or Ahmedabad. The cost of logistics and insurance adds a premium to the final silver price in Delhi.
    • Wedding season demand: North Indian weddings witness massive demand for silver coins and gifting items.
    • Industrial hubs: The presence of electronics and mobile manufacturing units in the NCR region provides a steady base demand for industrial-grade silver.
    • Currency exchange rates: The USD to INR exchange rate is important. A lower value of the rupee makes imported silver more costly in rupees.
    • Import duties and taxes: Changes in customs duties by the Central Board of Indirect Taxes and Customs (CBIC) have a direct impact on final prices
The spot price is the current rate in the marketplace at which silver can be bought or sold for immediate delivery. Silver spot prices in Delhi are determined by:
  • Global spot price: The real-time rate at global exchanges such as COMEX.
  • Import duty & taxes: Including the 6% import duty & 3% GST
  • Inland freight: The freight of bullion from the port to the vaults in Delhi.
  • Local market premiums/discounts: Bullion markets in Delhi can have slight premiums or discounts depending on the local supply-demand dynamics
Major bullion dealers, banks and commodity exchanges update silver rates several times throughout the trading hours. These spot rates are the base price for jewellers and retailers, who add their margins, making charges, taxes and other costs to come up with retail prices.
The difference between spot prices and retail prices is caused by different components in the value chain. Spot price is the current price of silver for instant ownership and delivery. It is used by jewellers and industrial buyers. It does not include making charges, nor does it include margins for the retailer.
On the other hand, retail price incorporates the cost of refining and the cost of minting (coins/bars) logistics, as well as the overheads for the shop and the jeweller's profit margin. Additionally, intricate silver jewellery attracts making charges (labour costs) which can range from 10-40% according to design.
There is no separate tax on silver in Delhi. Delhi follows uniform national taxation policies. Understanding the full tax structure helps buyers to calculate the actual cost of a silver purchase in Delhi.
On Silver purchases:
  • Import duty: According to the present customs regulations, it is 6%. Included in the base price (paid by importer).
  • GST on the value of Silver: 3%.
  • GST on making charges: 5% (Fabricated items of silver, jewellery)
  • Making charges: A diverse range depending on the jeweller, design complexity and type of item (usually between 10-40% of the silver cost for jewellery, minimum for bars/coins)
  • Hallmarking charges: Rs. 35 for every article with a minimum charge of Rs. 150 per consignment (as per BIS guidelines) for physical silver purchases.
On sale of Silver investment instruments [Physical, ETFs, Mutual Funds, Digital Silver]:
On Physical Silver, Digital Silver and Mutual funds:
  • Short-Term Capital Gains (STCG): For holding periods of less than 24 months, gains are added to total income and taxed at individual income tax slab rates as per Income Tax Department guidelines
  • Long-Term Capital Gains (LTCG): For holdings of 24 months or more, taxed at 12.5% flat rate.
On Silver ETFs:
  • LTCG: For silver investments held for 12 months or more, LTCG is 12.5%.
  • STCG: For silver investments held for less than 12 months, STCG is taxed at the individual tax slab.
Delhi is one of the most important silver consumption centres in India, with high cultural demand and increasing interest in investment. Key consumption drivers are:
  • Cultural significance: Silver has an important role to play in festivals like Diwali and Dhanteras, Karva Chauth, and religious ceremonies across Northern India.
  • Wedding season demand: October to March sees high demand in silver jewellery, utensils and gift items. These are popular in North Indian wedding traditions.
  • Investment demand: Growing interest from investors in silver bars, coins, ETFs and digital silver as a low-cost precious metal investment and portfolio diversification tool.
  • Export industry: There are many manufacturing units in and around Delhi that export silver items.
  • Silverware & utensils: Delhi and the neighbouring states have a profound culture of gifting silver dinner sets and coins on big occasions.
  • Industrial use: NCR region (Noida, Greater Noida) is a centre for manufacturing electronics and solar components, which consumes tonnes of industrial silver every year.
Unlike smaller cities where consumption is mostly jewellery-based, Delhi sees a balanced demand across investment, jewellery and industrial segments.
When buying silver in Delhi, buyers should be on the lookout for the following:
  • Dariba Stores: Although Dariba Kalan gives a slightly lower rate, be sure to get a GST invoice. Branded stores may charge more but have better buy-back guarantees.
  • Purity scams: Be wary of German Silver or Nickel Silver, which is sold in local markets like Janpath. These contain no silver.
  • BIS hallmark verification: Look for the BIS hallmark, purity grade, assaying centre mark, jeweller's identification and HUID (Hallmark Unique Identification).
  • Weight discrepancies: In wholesale markets, silver is not weighed in grams but in tolas. Be sure to have the conversion correct (1 Tola = approx 11.66 grams).
  • Verbal purity claims: Sellers who offer guarantees without written certification or proper documentation.
  • Excessive or hidden making charges: Charges that appear to be out of proportion or aren't clearly stated.
  • Missing documentation: Incomplete invoices that don't mention weight, purity, GST breakdown and other charges.
  • Ambiguous buy-back terms: Vague or unfavourable exchange/return policies that aren't provided in writing.
No, silver rates in Delhi are not the same as in other Indian cities, but the margin of difference is small. This is mostly because of freight and logistics costs. Since silver is heavy and valuable, the transport of silver from the western ports to Delhi involves a high cost of logistics and insurance, which is transferred to the final buyer.
Strategic timing can help buyers enjoy lower rates while also taking into account cultural preferences. Delhi buyers traditionally prefer to buy the silver on:
    Auspicious occasions:
    • Dhanteras
    • Diwali
    • Karva Chauth
    • Pushya Nakshatra
    • Navratri
    • Wedding Season
While auspicious days hold cultural and emotional significance, they usually have high prices and may not be the best times to buy. For investment purposes, investors should consider a balance between cultural preferences and market timing.
Buyers in Delhi have several legal protections and recourse mechanisms. If they face issues with silver purchases, they can seek protection under the Consumer Protection Act, 2019, the BIS Act, and the Legal Metrology Act, 2009, where they can file a complaint under their grievance redressal mechanisms. But for this documentation, validating silver purchases is necessary.

FAQs of Silver Rates in Delhi

Before buying silver in Delhi, several key factors need to be considered carefully, which include purity grade, BIS hallmark, current silver rate, making charges, GST and taxes. Along with these, buyback and exchange policies and the reputation of the jeweller also play an important role.
Silver prices have been highly volatile over the years, with notable highs occurring in different market conditions. The highest price of 1 kg of silver in Delhi was ₹0 on .
As of , the price of 1 gram of silver in Delhi is Rs. NaN. These are spot rates and do not include GST and other charges.
Dhan is a popular investment platform that allows investors to digitally participate in silver markets without the worries of physical storage and physical security. Here's a comprehensive guide for people living in Delhi:
Step 1: Open a Demat account (If new to Dhan)
Step 2: Credit funds into the Dhan account
Step 3: Opt for the Silver investment option
  • Silver ETF (Exchange Traded Funds)
  • Silver Mutual Funds
  • Silver Futures and Options (MCX)
Step 4: Place the order
Step 5: Monitor and manage



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