Silver Rate in Shimla Today
17 March 2026
📈 30-Day Price History — Shimla
📋 Silver Rates by Weight — Shimla
| Weight | Today (₹) | Yesterday (₹) | Change |
|---|---|---|---|
| 1 Gram | ₹280.81 | ₹281.81 | ▼ ₹1.00 (0.35%) |
| 8 Grams | ₹2,246.48 | ₹2,254.48 | ▼ |
| 10 Grams | ₹2,808.10 | ₹2,818.10 | ▼ |
| 100 Grams | ₹28,081.00 | ₹28,181.00 | ▼ |
| 1 Kilogram | ₹280,810.00 | ₹281,810.00 | ▼ |
| 1 Tola (11.66g) | ₹3,275.31 | ₹3,286.98 | ▼ |
| 1 Troy Ounce (31.1g) | ₹8,734.17 | ₹8,765.28 | ▼ |
🔍 Expert Market Analysis
🧮 Silver Price Calculator — Shimla
* Indicative at ₹280.81/gram in Shimla. Excludes GST & making charges.
❓ Frequently Asked Questions
Today's silver rate in Shimla is ₹280.81 per gram and ₹280,810.00 per kilogram as of 17 March 2026. The price has decreased by ₹1.00 vs yesterday.
SilverJi.in updates silver prices every hour automatically. MCX also updates silver futures live during market hours (9 AM–11:30 PM IST).
Silver prices vary city-to-city due to local VAT/GST, transportation costs, jeweler margins, and state-specific duties.
999 fine silver means 99.9% purity — investment-grade standard. Jewelry silver is typically 925 sterling (92.5% pure). Always look for BIS hallmarks when buying in India.
GST on silver in India is 3% on metal value. Making charges attract 5% GST. Ensure your bill shows metal value, making charges, and GST separately.
Silver ETFs offer paper investment without storage costs. Physical BIS-hallmarked bars/coins suit long-term holders. Always consult a SEBI-registered advisor before investing.
🏙 Silver Rates in Other Cities Today
Silver Rate in Shimla — Complete Guide 17 March 2026
Silver prices in Shimla are influenced by global commodity markets, the LBMA fix, and India's MCX. The current rate of ₹280.81/gram in Shimla reflects international spot prices and local factors in Himachal Pradesh.
How is Silver Price Determined in Shimla?
Silver price is derived from international USD spot price converted to INR, plus import duties (15%), GST (3%), and logistics from major hubs to Shimla.
Best Places to Buy Silver in Shimla
Buy from BIS-hallmarked jewelers, bank branches (SBI, HDFC, ICICI), reputed chains, or Silver ETFs for paper investment. Always demand a bill with purity, weight, rate, and GST breakup.
Silver as Investment in Himachal Pradesh
Silver has been a trusted store of value in Himachal Pradesh for centuries. Growing industrial demand from solar panels, EVs, and electronics adds to the traditional jewelry investment case.
Silver Price Range This Week in Shimla
This week, silver in Shimla has traded between ₹276.60 and ₹284.02 per gram — a range of ₹7.42/gram, reflecting current market volatility.
📊 Market Summary
Today, the price of silver in Shimla is ₹280.81 per gram, a slight decrease of ₹1.0 per gram from yesterday, marking a 0.35% drop.
💡 Expert Insight
The global drivers affecting silver prices include the USD/INR exchange rate, with a stronger USD generally leading to lower silver prices. Additionally, the Federal Reserve's monetary policies and the growing demand for silver in solar and electric vehicle applications continue to impact the market.
🛒 Buyer's Guide
For residents in Shimla, it's advisable to buy silver from reputable dealers to ensure authenticity. Look for products with the BIS hallmark to guarantee purity. Investors can choose between buying physical silver or investing in silver ETFs, considering factors such as storage costs and liquidity preferences.