31 March 2026 · Live city rates · Purity · GST · Making charges · Wastage
1. Select City & Rate
Base rate (editable)
₹/gram
2. Weight & Unit
= 10.00 grams
3. Purity
Fine silver — investment grade (99.9% Ag)× 1.000
4. Charges & Tax
Estimated Total Value
₹0.00
Metal value₹0.00
Making charges₹0.00
Wastage₹0.00
GST (3%)₹0.00
Total₹0.00
Quick Reference at Current Rate
Resale Note:
Jewelers buy back silver at 5–10% below market rate. Investment-grade 999 coins fetch better resale prices than jewelry since making charges are not recoverable on resale.
Silver Buying Guide in India
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Understanding MCX Rates
MCX Silver futures (30 kg lot) are the Indian benchmark. Retail prices track MCX + ~5% dealer margin. Prices quoted in ₹/kg on MCX, ₹/gram in retail.
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GST on Silver
3% GST on all silver purchases in India. Making charges attract 5% GST separately. Always collect GST invoice — required for resale documentation.
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Where to Buy
MMTC-PAMP, Malabar, Tanishq for coins & bars. NSE/BSE for Silver ETF. Avoid unbranded bullion — purity risk. Always insist on BIS hallmark + HUID.
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Best Time to Buy
Silver prices in India tend to dip in summer (May–Jun) and rise during festivals (Oct–Nov). Dollar weakness and Fed rate cuts typically push silver higher.