Silver Price Today in India

Silver prices in India track international spot prices from the London Bullion Market Association (LBMA) and are converted to Indian Rupees. MCX (Multi Commodity Exchange) is the primary exchange for silver futures trading in India.

Savaran is a traditional unit used in South India (Tamil Nadu, Kerala, Karnataka). 1 Savaran = 8 grams, same as for gold.

Silver is used in jewellery, coins, electronics, solar panels, and medical devices. Investment-grade silver is typically 999 fine (99.9% pure) or 925 sterling silver.

GST of 3% is applicable on silver purchases in India. Making charges are additional for jewellery.