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Silver Rate Today

Rs 87,167 per kg (Ex-GST): Silver Price

Jan 02, 2025

Silver price is influenced by a number of factors, including fluctuations in global crude oil prices, geopolitical tensions, and economic shifts. Additionally, the value of the US dollar, industrial consumption, and commodity market trends also play a significant role in determining silver's market value.

Before buying silver coins or jewellery, authenticity can be verified through the BIS hallmark to ensure purity and quality. Silver can be purchased from various retail outlets, including jewellery stores across cities in India. Here are the latest silver prices in major Indian cities.

Silver Rate Today (Jan 2, 2025)

Weight01-01-202502-01-2025Price Change (in Rs)
100 gramsRs 8,606Rs 8,717111
1 kgRs 86,055Rs 87,1671,112
10 kgRs 860,550Rs 871,67011,120

*The above Silver rates are indicative and do not include GST, TCS and other levies. For the exact rates contact your jeweller

Silver Rate in Major Indian Cities on Jan 2, 2025 (Rs/kg)

City Names1 Kg rate
MumbaiRs 87,167
DelhiRs 88,500
LucknowRs 89,000
JaipurRs 86,912
IndoreRs 88,500

Silver Price Movement in December 2024

Silver Rate (Rs per kg)
4th December rate Rs 90,025
2nd January rate Rs 87,167
Highest rate in December Rs 93,300 on December 12
Lowest rate in December Rs 85,133 on December 20
Overall performance Falling
% Change -3.17%

Silver Price Movement in November 2024

Silver Rate (Rs per kg)
4th November rate Rs 94,482
2nd January rate Rs 87,167
Highest rate in November Rs 95,261 on November 5
Lowest rate in November Rs 87,103 on November 14
Overall performance Falling
% Change -7.74%

Silver Price Movement in October 2024

Silver Rate (Rs per kg)
1st October rate Rs 89,882
2nd January rate Rs 87,167
Highest rate in October Rs 98,862 on October 23
Lowest rate in October Rs 88,353 on October 10
Overall performance Falling
% Change -3.02%

Silver Price Movement in September 2024

Silver Rate (Rs per kg)
2nd September rate Rs 82,780
2nd January rate Rs 87,167
Highest rate in September Rs 99,917 on September 20
Lowest rate in September Rs 67,316 on September 16
Overall performance Rising
% Change +5.3%

Silver Price Movement in August 2024

Silver Rate (Rs per kg)
1st August rate Rs 83,464
2nd January rate Rs 87,167
Highest rate in August Rs 86,191 on August 26
Lowest rate in August Rs 76,513 on August 8
Overall performance Rising
% Change +4.44%

Silver Price Movement in July 2024

Silver Rate (Rs per kg)
1st July rate Rs 87,802
2nd January rate Rs 87,167
Highest rate in July Rs 92,204 on July 11
Lowest rate in July Rs 79,726 on July 29
Overall performance Falling
% Change -0.72%

FAQs About Gold

Are silver prices consistent across India?

No, silver prices may vary across cities due to local market trends and taxes.

Why should you invest in silver?

Silver offers a hedge against inflation and market volatility, providing liquidity and stability.

How do I verify the authenticity of silver?

Check for the BIS hallmark on silver coins and jewellery to ensure purity and quality.

What factors influence silver prices?

Silver prices are influenced by global crude oil prices, geopolitical tensions, economic shifts, US dollar value, industrial consumption, and commodity market trends.

Where can we buy silver in India?

Silver can be purchased from various retail outlets, including jewellery stores across cities in India. It can also be bought online.

Disclaimer

The website does not guarantee 100% accuracy of this information and silver prices do fluctuate with market fluctuations. The website just gives you an idea and does not advise you to buy or sell silver. Contact your jeweler to know the exact price. Also, this information should not be considered investment advice in any way. Business Standard will not be responsible if you suffer any loss by relying on the data on this website.