Silver Price Today: Silver prices rise; check the latest rates in your city, including Delhi and Patna..

Silver Price Today: Silver prices in India saw an upward trend at the market opening on September 22. Silver rates rose and were seen trading around ₹2.40 lakh per kilogram. On the Multi Commodity Exchange (MCX), silver futures climbed 0.3%—an increase of ₹710—to reach ₹2,40,027 per kg; the metal had closed at ₹2,39,317 per kg in the previous trading session. According to bullion market data, the price of silver stood at ₹2,39,900 per kg.

In Delhi, the price of silver was recorded at ₹2.42 lakh per kg (inclusive of all taxes), while GoodReturns reported the rate at ₹2,50,000 per kg.

Silver rates today in major cities, including Delhi and Mumbai

According to GoodReturns, silver prices in major cities across the country are hovering around ₹2,49,900 to ₹2,59,900 per kilogram. Minor variations may be observed in some cities due to local market conditions and taxes.

City    Price of 1 kg of Silver
Delhi    ₹2,49,900
Mumbai    ₹2,49,900
Kolkata    ₹2,49,900
Chennai    ₹2,59,900
Lucknow    ₹2,49,900
Patna    ₹2,49,900
Jaipur    ₹2,49,900
Ahmedabad    ₹2,49,900
Pune    ₹2,49,900
Bengaluru    ₹2,49,900
Hyderabad    ₹2,49,900
Bhopal    ₹2,49,900
Chandigarh    ₹2,49,900
Noida    ₹2,49,900
Gurugram    ₹2,49,900

Silver price in the previous session

According to local traders, silver prices witnessed a significant drop, falling by ₹5,000 to settle at ₹2.42 lakh per kilogram (inclusive of all taxes). In the previous session, silver had closed at ₹2.47 lakh per kilogram. In the global market, spot silver remained steady at $66.27 per ounce.

How silver purity is determined

Silver purity is usually expressed in terms of 'fineness,' which indicates the percentage of pure silver within an alloy. For instance, a fineness of 999 means that 999 out of 1,000 parts are pure silver. Your choice depends on the intended use of the silver:

Fine Silver (999): This contains 99.9% pure silver, similar to 24-karat gold. It does not tarnish or blacken easily but is very soft; therefore, it is primarily used for investment purposes—in the form of coins and bars—rather than for daily-wear jewelry. Sterling Silver (925): This is the globally recognized standard for silver jewelry and silverware. It consists of 92.5% silver and 7.5% copper or other metals.

Britannia Silver (95.8% pure): Britannia Silver contains 95.8% silver and 4.2% other metals. It was introduced in Britain in 1697 as a higher standard than sterling silver.

Coin Silver (90% pure): Coin silver consists of 90% silver and 10% copper. It derives its name from its historical use in coinage.

Jatin Trivedi, VP Research Analyst at LKP Securities, said, "The Dollar Index rising above 100 exerted some pressure on bullion, leading to mild profit-booking in gold prices. However, falling crude oil prices are supporting sentiment for gold. With no major economic data expected from the US this week—apart from mid-week manufacturing data—gold prices may remain range-bound, though volatility is likely to persist."

Analysts estimate that the $4,250 level remains a strong technical support, and gold is expected to trade within the $4,250–$4,450 range on COMEX and the ₹1,51,000–₹1,56,000 range on MCX.

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