Silver Price Today
Track live silver prices in India and international markets. See MCX silver rates per kg, historical price charts, and key market data. Silver serves as both a precious metal investment and an industrial commodity, making it one of the most actively traded commodities worldwide.
Frequently Asked Questions
What drives silver prices in India?
Silver prices in India are influenced by international spot prices (primarily the London fix), the USD/INR exchange rate, MCX futures activity, and local demand from jewellers and industrial buyers. Global factors like US Federal Reserve policy, inflation data, and industrial demand (silver is used in electronics and solar panels) also play a major role. Import duties and GST further affect the final price in India.
What is the difference between MCX silver price and spot silver price?
The MCX silver price is the futures price on the Multi Commodity Exchange of India — it reflects where traders expect silver to be priced at a future date. The spot price is the current market price for immediate delivery. MCX prices can trade at a premium or discount to spot depending on demand, storage costs, and time to contract expiry. For physical silver purchases, jewellers typically use spot-based pricing with a making charge.