National Avg
₹279.22
per gram today
7-Day High
₹286.13
across all cities
7-Day Low
₹273.43
across all cities
30-Day High
₹290.90
across all cities
30-Day National Price Chart
Market Context
Import Duty Structure
India applies 15% basic customs duty + 3% GST on silver imports (Union Budget 2023). Total effective multiplier: 1.1845× on international spot price.
MCX Correlation
Indian silver prices track MCX futures closely. MCX Silver lot = 30 kg. Prices reflect LBMA London spot × INR rate × import duties.
Industrial Demand
Over 50% of global silver demand is industrial — solar panels, EVs, electronics. India's solar push significantly impacts domestic silver pricing.