Delhi · 28 October 2026 · 12:19 AM IST
| Weight | Base Price | Incl. GST (3%) | 925 Sterling |
|---|---|---|---|
| 1 Gram | ₹219.56 | ₹226.15 | ₹203.09 |
| 5 Grams | ₹1,097.80 | ₹1,130.73 | ₹1,015.47 |
| 10 Grams | ₹2,195.60 | ₹2,261.47 | ₹2,030.93 |
| 1 Tola (11.66g) | ₹2,560.90 | ₹2,637.73 | ₹2,368.83 |
| 100 Grams | ₹21,956.00 | ₹22,614.68 | ₹20,309.30 |
| 500 Grams | ₹109,780.00 | ₹113,073.40 | ₹101,546.50 |
| 1 Kilogram | ₹219,560 | ₹226,147 | ₹203,093 |
| 1 Troy Oz | ₹6,829.08 | ₹7,033.95 | ₹6,316.90 |
Today's price increase in Delhi reflects a rise of Rs.1.31/gram, bringing the current spot price to Rs.219.56/gram. This movement is driven by strong festive demand, coupled with expectations of favorable monsoon conditions which could positively impact agriculture and local economies. Additionally, the Indian Bullion and Jewellers Association (IBJA) rates remain supportive of higher prices, ensuring continuity in the upward trend.
Global macroeconomic factors play a crucial role in shaping silver prices. The US Federal Reserve’s monetary policy, particularly interest rate decisions, continues to influence demand for precious metals as an inflation hedge. The current tightening cycle might dampen demand but could also strengthen the USD/INR exchange rate, making silver more affordable for Indian buyers. Internationally, COMEX trends suggest strong demand, especially from industrial applications and jewelry sectors. However, Indian domestic factors such as high IBJA rates and festive demand are pushing prices upwards, potentially outpacing global trends.
For local consumers in Delhi, it is advisable to consider BIS hallmark standards when purchasing silver to ensure genuine and high-quality products. As festive demand is likely to remain strong, it would be prudent to invest in silver now to benefit from the anticipated price support. Considering ETF options can also diversify investment portfolios, providing exposure to silver without the need for physical storage. Investors should stay informed about import duties and exchange rates to make well-informed decisions.
To securely buy physical silver or paper silver in Delhi, start by choosing a reputable dealer or bank known for their BIS hallmark certifications. Ensure the process is conducted through secure channels, such as in-person visits or verified online platforms. For paper silver, consider purchasing through recognized bullion dealers or via reputable financial institutions. Always check for the latest exchange rates and import duties before making a purchase to ensure cost-effectiveness. Lastly, store your silver in a secure location if buying physical silver, to protect your investment.