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Historical Silver Price in India

Annual average silver price (₹ per kg), sourced from the Reserve Bank of India.

As of 02 Nov 2026, Historical Silver Price in India stood at 1,79,972 ₹/kg, according to Reserve Bank of India. Coverage: 1984–2026.

  • Verified official series
  • Licensed export
  • Source: Reserve Bank of India
LATEST VALUE (2025-26)1,62,672.26₹ per kg
MAX VALUE2,85,593₹ per kg in Jan 2026
GROWTH SINCE START-27.0%24 Jul 2026 to 2025-26
YEARS OF DATASelected24 Jul 2026 to 2025-26
TOTAL DATA POINTS176Annual Observations

Updated 31 Mar 2026

Explore Silver Prices by Events & Festivals

NEW

See how silver prices have changed during key festivals and important dates, compare across years and identify trends.

Diwali Silver Price History (2016–2025)

MCX Silver 999 • ₹/kg

₹ / kg

Source: MCX Silver 999 (₹/kg)

Silver Price in India: Yearly Highs & Lows

NEW

Highest and lowest observed daily prices in each calendar year (MCX Silver 999 • ₹/kg)

₹ / kg

Note: 2026 data is year-to-date (till 27 Oct 2026). High and low are based on available daily observations.

Source: MCX Silver 999 (₹/kg)

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  • Silver Price (₹ per kg) - Monthly
  • Silver Price (₹ per kg) - Yearly
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Series ID

SILVER_PRICE_HISTORY

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About
About

Annual average silver price (₹ per kg), sourced from the Reserve Bank of India.

Formula
Formula
CAGR = [((Ending Value / Starting Value) ^ (1 / Years))] − 1

CAGR shows the long-term annual growth rate of a metric, smoothing out short-term fluctuations.

Source
Source
Reserve Bank of India
How to explore
How to explore
  • Choose 5Y / 10Y / Custom to compare long-term phases.
  • Adjust Start–End years to re-evaluate growth periods.
  • Enter the latest value (optional) to recalculate returns.

Frequently asked questions

Definitions, source, coverage, and how to access the full series.

What does Historical Silver Price in India measure?
Source: Reserve Bank of India. Covers 1984–2026. Annual average silver price (₹ per kg), sourced from the Reserve Bank of India. Values are reported in ₹/kg.
Who publishes Historical Silver Price in India?
Historical Silver Price in India is based on data from Reserve Bank of India. Indiagraphs cleans, charts, and licenses the series for analysis and download.
What period does Historical Silver Price in India cover?
The series on Indiagraphs covers 1984–2026. Exact observation counts and full history are available after sign-in.
How often is Historical Silver Price in India updated?
Updates follow the official release cadence (daily). Indiagraphs refreshes the chart when new official observations are published.
How do I download Historical Silver Price in India on Indiagraphs?
Sign in with a free Indiagraphs account to download CSV or Excel for Historical Silver Price in India. Chart preview and the latest snapshot remain visible without purchase.

Coverage by period

155 periods · keyword phrases only · expand to view

Periods covered on this chart (no prices or values listed). Full series and downloads are available after sign-in.

Historical Silver Price in India · day

Historical Silver Price in India — daily coverage from 24 July 2026 to 02 November 2026. Full daily series available after sign-in.

Silver Price (₹ per kg) in India · month
  • Silver Price (₹ per kg) in India – September 2022
  • Silver Price (₹ per kg) in India – October 2022
  • Silver Price (₹ per kg) in India – November 2022
  • Silver Price (₹ per kg) in India – December 2022
  • Silver Price (₹ per kg) in India – January 2023
  • Silver Price (₹ per kg) in India – February 2023
  • Silver Price (₹ per kg) in India – March 2023
  • Silver Price (₹ per kg) in India – April 2023
  • Silver Price (₹ per kg) in India – May 2023
  • Silver Price (₹ per kg) in India – June 2023
  • Silver Price (₹ per kg) in India – July 2023
  • Silver Price (₹ per kg) in India – August 2023
  • Silver Price (₹ per kg) in India – September 2023
  • Silver Price (₹ per kg) in India – October 2023
  • Silver Price (₹ per kg) in India – November 2023
  • Silver Price (₹ per kg) in India – December 2023
  • Silver Price (₹ per kg) in India – January 2024
  • Silver Price (₹ per kg) in India – February 2024
  • Silver Price (₹ per kg) in India – March 2024
  • Silver Price (₹ per kg) in India – April 2024
  • Silver Price (₹ per kg) in India – May 2024
  • Silver Price (₹ per kg) in India – June 2024
  • Silver Price (₹ per kg) in India – July 2024
  • Silver Price (₹ per kg) in India – August 2024
  • Silver Price (₹ per kg) in India – September 2024
  • Silver Price (₹ per kg) in India – October 2024
  • Silver Price (₹ per kg) in India – November 2024
  • Silver Price (₹ per kg) in India – December 2024
  • Silver Price (₹ per kg) in India – January 2025
  • Silver Price (₹ per kg) in India – February 2025
  • Silver Price (₹ per kg) in India – March 2025
  • Silver Price (₹ per kg) in India – April 2025
  • Silver Price (₹ per kg) in India – May 2025
  • Silver Price (₹ per kg) in India – June 2025
  • Silver Price (₹ per kg) in India – July 2025
  • Silver Price (₹ per kg) in India – August 2025
  • Silver Price (₹ per kg) in India – September 2025
  • Silver Price (₹ per kg) in India – October 2025
  • Silver Price (₹ per kg) in India – November 2025
  • Silver Price (₹ per kg) in India – December 2025
  • Silver Price (₹ per kg) in India – January 2026
  • Silver Price (₹ per kg) in India – February 2026
  • Silver Price (₹ per kg) in India – March 2026
  • Silver Price (₹ per kg) in India – April 2026
  • Silver Price (₹ per kg) in India – May 2026
  • Silver Price (₹ per kg) in India – June 2026
  • Silver Price (₹ per kg) in India – July 2026
  • Silver Price (₹ per kg) in India – August 2026
Silver Price (₹ per kg) in India · year
1980s (6)
  • Silver Price (₹ per kg) in India – 1984-85
  • Silver Price (₹ per kg) in India – 1985-86
  • Silver Price (₹ per kg) in India – 1986-87
  • Silver Price (₹ per kg) in India – 1987-88
  • Silver Price (₹ per kg) in India – 1988-89
  • Silver Price (₹ per kg) in India – 1989-90
1990s (10)
  • Silver Price (₹ per kg) in India – 1990-91
  • Silver Price (₹ per kg) in India – 1991-92
  • Silver Price (₹ per kg) in India – 1992-93
  • Silver Price (₹ per kg) in India – 1993-94
  • Silver Price (₹ per kg) in India – 1994-95
  • Silver Price (₹ per kg) in India – 1995-96
  • Silver Price (₹ per kg) in India – 1996-97
  • Silver Price (₹ per kg) in India – 1997-98
  • Silver Price (₹ per kg) in India – 1998-99
  • Silver Price (₹ per kg) in India – 1999-00
2000s (10)
  • Silver Price (₹ per kg) in India – 2000-01
  • Silver Price (₹ per kg) in India – 2001-02
  • Silver Price (₹ per kg) in India – 2002-03
  • Silver Price (₹ per kg) in India – 2003-04
  • Silver Price (₹ per kg) in India – 2004-05
  • Silver Price (₹ per kg) in India – 2005-06
  • Silver Price (₹ per kg) in India – 2006-07
  • Silver Price (₹ per kg) in India – 2007-08
  • Silver Price (₹ per kg) in India – 2008-09
  • Silver Price (₹ per kg) in India – 2009-10
2010s (10)
  • Silver Price (₹ per kg) in India – 2010-11
  • Silver Price (₹ per kg) in India – 2011-12
  • Silver Price (₹ per kg) in India – 2012-13
  • Silver Price (₹ per kg) in India – 2013-14
  • Silver Price (₹ per kg) in India – 2014-15
  • Silver Price (₹ per kg) in India – 2015-16
  • Silver Price (₹ per kg) in India – 2016-17
  • Silver Price (₹ per kg) in India – 2017-18
  • Silver Price (₹ per kg) in India – 2018-19
  • Silver Price (₹ per kg) in India – 2019-20
2020s (6)
  • Silver Price (₹ per kg) in India – 2020-21
  • Silver Price (₹ per kg) in India – 2021-22
  • Silver Price (₹ per kg) in India – 2022-23
  • Silver Price (₹ per kg) in India – 2023-24
  • Silver Price (₹ per kg) in India – 2024-25
  • Silver Price (₹ per kg) in India – 2025-26
Festival Silver Price Coverage · year
  • Silver Price on Diwali 2016 – 30 October 2016
  • Silver Price on Diwali 2017 – 19 October 2017
  • Silver Price on Diwali 2018 – 7 November 2018
  • Silver Price on Diwali 2019 – 27 October 2019
  • Silver Price on Diwali 2020 – 14 November 2020
  • Silver Price on Diwali 2021 – 4 November 2021
  • Silver Price on Diwali 2022 – 24 October 2022
  • Silver Price on Diwali 2023 – 12 November 2023
  • Silver Price on Diwali 2024 – 31 October 2024
  • Silver Price on Diwali 2025 – 20 October 2025
  • Silver Price on Dhanteras 2016 – 28 October 2016
  • Silver Price on Dhanteras 2017 – 17 October 2017
  • Silver Price on Dhanteras 2018 – 5 November 2018
  • Silver Price on Dhanteras 2019 – 25 October 2019
  • Silver Price on Dhanteras 2020 – 13 November 2020
  • Silver Price on Dhanteras 2021 – 2 November 2021
  • Silver Price on Dhanteras 2022 – 22 October 2022
  • Silver Price on Dhanteras 2023 – 10 November 2023
  • Silver Price on Dhanteras 2024 – 29 October 2024
  • Silver Price on Dhanteras 2025 – 18 October 2025
  • Silver Price on Akshaya Tritiya 2016 – 9 May 2016
  • Silver Price on Akshaya Tritiya 2017 – 28 April 2017
  • Silver Price on Akshaya Tritiya 2018 – 18 April 2018
  • Silver Price on Akshaya Tritiya 2019 – 7 May 2019
  • Silver Price on Akshaya Tritiya 2020 – 26 April 2020
  • Silver Price on Akshaya Tritiya 2021 – 14 May 2021
  • Silver Price on Akshaya Tritiya 2022 – 3 May 2022
  • Silver Price on Akshaya Tritiya 2023 – 22 April 2023
  • Silver Price on Akshaya Tritiya 2024 – 10 May 2024
  • Silver Price on Akshaya Tritiya 2025 – 30 April 2025
  • Silver Price on Akshaya Tritiya 2026 – 19 April 2026
  • Silver Price on New Year’s Day 2016 – 1 January 2016
  • Silver Price on New Year’s Day 2017 – 1 January 2017
  • Silver Price on New Year’s Day 2018 – 1 January 2018
  • Silver Price on New Year’s Day 2019 – 1 January 2019
  • Silver Price on New Year’s Day 2020 – 1 January 2020
  • Silver Price on New Year’s Day 2021 – 1 January 2021
  • Silver Price on New Year’s Day 2022 – 1 January 2022
  • Silver Price on New Year’s Day 2023 – 1 January 2023
  • Silver Price on New Year’s Day 2024 – 1 January 2024
  • Silver Price on New Year’s Day 2025 – 1 January 2025
  • Silver Price on New Year’s Day 2026 – 1 January 2026
Yearly Silver Price Highs & Lows · year
  • Highest Silver Price in India in 2016
  • Lowest Silver Price in India in 2016
  • Highest Silver Price in India in 2017
  • Lowest Silver Price in India in 2017
  • Highest Silver Price in India in 2018
  • Lowest Silver Price in India in 2018
  • Highest Silver Price in India in 2019
  • Lowest Silver Price in India in 2019
  • Highest Silver Price in India in 2020
  • Lowest Silver Price in India in 2020
  • Highest Silver Price in India in 2021
  • Lowest Silver Price in India in 2021
  • Highest Silver Price in India in 2022
  • Lowest Silver Price in India in 2022
  • Highest Silver Price in India in 2023
  • Lowest Silver Price in India in 2023
  • Highest Silver Price in India in 2024
  • Lowest Silver Price in India in 2024
  • Highest Silver Price in India in 2025
  • Lowest Silver Price in India in 2025
  • Highest Silver Price in India in 2026 (YTD)
  • Lowest Silver Price in India in 2026 (YTD)

Topics

  • Silver
  • Precious Metals
  • Commodities
  • Silver Rate

Explainer

Understanding Historical Silver Price in India

About the Silver Price Data

IndiaGraphs brings together historical silver price data for India across daily, monthly and yearly periods. Prices are presented in Indian rupees per kilogram (₹/kg), allowing users to examine recent price movements, compare historical averages and study long-term trends in the Indian silver market.

The daily series provides Silver 999 price quotations, while the monthly and yearly datasets present historical average prices. Users can switch between the datasets above to explore silver price movements across different time periods.

Which Silver Price Series Should You Use?

IndiaGraphs provides three silver price series, each suited to a different type of analysis.

Dataset Price Type Best Used For
Silver - Daily Silver 999 price quotation Tracking recent prices and short-term movements
Silver Price - Monthly Monthly average Comparing prices across months and identifying trends
Silver Price - Yearly Annual average Studying long-term silver price history

All three datasets are expressed in ₹/kg. However, the daily quotation and historical average prices may differ in their underlying benchmarks and calculation methods. They should not automatically be treated as identical price series.

Understanding Silver 999 and Historical Prices

Silver 999 refers to silver with approximately 99.9% purity. The daily dataset tracks price quotations for high-purity silver, while the monthly and yearly datasets provide average prices over longer periods.

Monthly and yearly averages represent price levels across a period rather than the price on its final day. These averages are useful for examining historical trends without relying on individual daily price movements.

Historical silver price quotations are not necessarily the same as retail silver prices. The amount paid by consumers may also include GST, dealer margins, fabrication charges and other applicable costs.

Why Do Silver Prices Change in India?

Silver prices in India are influenced by international commodity markets, industrial demand, investment activity and currency movements. Silver is used in electronics, electrical equipment, solar photovoltaic technology and other industrial applications, making manufacturing demand an important factor in its price.

International silver prices are generally quoted in US dollars. As a result, changes in the Indian rupee against the US dollar can influence domestic silver prices even when international prices remain relatively stable.

Explore the USD/INR Exchange Rate dataset to compare currency movements with historical silver prices.

Indian vs International Silver Prices

International silver prices are commonly expressed in US dollars per troy ounce, while Indian silver prices are generally quoted in rupees per kilogram. One kilogram is approximately equivalent to 32.1507 troy ounces.

Comparing the two markets requires adjustments for currency conversion and weight. Domestic prices may also differ from converted international prices because of taxes, import-related costs and local market conditions.

Silver vs Gold: Understanding the Differences

Gold and silver are both precious metals, but their demand patterns differ. Gold has substantial investment, jewellery and central-bank reserve demand, while silver also has significant industrial applications.

Because of its industrial uses, silver can respond differently to economic conditions and manufacturing activity. Although gold and silver prices sometimes move in the same direction, their historical performance is not always identical.

Compare historical trends using IndiaGraphs' Historical Gold Price in India dataset.

Silver Imports and Domestic Production

India's silver market is also influenced by imports and domestic production. Silver import data can help explain changes in the country's external supply, while production statistics provide insight into domestic output.

When analysing historical silver prices, these indicators can be examined alongside industrial demand, exchange rates and international commodity prices to understand broader market conditions.

Explore Silver Price History in India

For a deeper perspective on long-term price movements, historical trends and developments in the Indian silver market, read IndiaGraphs' Silver Price History in India Data Story.

Using Historical Silver Price Data

Historical silver price data can support commodity market research, comparisons with gold, exchange-rate analysis and studies of long-term price movements.

Use the dataset tabs above to select daily, monthly or yearly silver prices, explore the interactive charts and access the available data downloads. When comparing different series, consider their reporting frequency, price definitions and underlying methodology.

Historical prices describe past market conditions and should not be interpreted as forecasts of future silver prices.

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