Silver Price Today in Delhi

Today's silver price in Delhi is ₹233 per gram and ₹2,33,000 per kg for 999 fine silver. Prices are updated daily based on MCX silver futures and international LBMA spot rates, including applicable duties and GST.

Delhi's Dariba Kalan and Chandni Chowk silver merchants supply silver coins, utensils, and idols across North India. Kucha Mahajani, a lane inside Chandni Chowk, has historically specialised in silver bullion trading alongside gold.

Silver 'payal' (anklets) and 'bichiya' (toe rings) are part of nearly every North Indian bride's trousseau — gold is traditionally avoided for the feet. Dhanteras sees Delhi households buying silver coins and small idols of Lakshmi and Ganesh as an auspicious, more affordable alternative to gold.

Buying tip: Delhi's silver utensil trade in Chandni Chowk offers competitive rates on silver thalis, glasses, and pooja items for festive gifting. Since Delhi has no state VAT as a Union Territory, silver bars and coins here are usually a few rupees per gram cheaper than in neighbouring Haryana or UP.

Silver prices in Delhi include Delhi state taxes and local dealer margins. GST of 3% is applicable on all silver purchases in India. For 925 sterling silver (used in most jewellery), the price per gram is approximately 7.5% lower than 999 fine silver. Always check for BIS hallmarking when buying silver jewellery.