About SilverJi — Methodology & Data Sources

Our Mission

SilverJi.in is India's most transparent silver price tracker, providing real-time, verified market intelligence for consumers, investors, and jewelers across 40+ Indian cities.

All prices are updated every 2 hours during market hours (8AM–6PM IST) and once at midnight to initialize the day's data for search indexing.

Data Sources (Waterfall)

Priority	Source Type	Market	Notes
1 (Primary)	CME Futures Feed	Chicago Mercantile Exchange	Real-time silver futures → USD/oz → INR/g
2	XAG/INR Direct Feed	London Spot Market	London spot converted to INR, duty applied
3	Spot + FX Rate	LBMA + Forex	Spot × USD/INR exchange rate × 1.1845 duty multiplier
4 (Fallback)	Last Known Rate	Internal	Used only if all live sources are unavailable

India Duty Calculation

Import Duty = 15% · GST = 3% · Multiplier = 1.15 × 1.03 = 1.1845×

This structure was fixed by the Union Budget 2023 and applies to all silver imports into India. It is re-evaluated annually during the Union Budget. International spot prices are converted to Indian retail prices by applying import duty and GST on top of the base commodity price.

Disclaimer

All prices are indicative and for informational purposes only. Actual purchase prices may vary based on dealer margins, location, and market conditions. SilverJi.in is not SEBI-registered and does not provide financial advice. Always verify prices with your dealer before making a purchase.