23 June 2026
Silver prices are indicative and sourced from market data. Actual prices may vary based on jeweller, GST (3%), and making charges.
Compare silver prices across different quantities
| Weight | Price |
|---|---|
| 1 Gram | ₹270 |
| 8 Grams | ₹2,160 |
| 10 Grams | ₹2,700 |
| 100 Grams | ₹27,000 |
| 1 Kilogram | ₹2,70,000 |
Check silver prices in nearby major cities
Silver, often referred to as "poor man's gold", holds significant value in India not just for its affordability but also for its extensive industrial applications and cultural importance. From auspicious occasions and gifting to heavy industrial usage, silver demand remains robust.
Silver prices in Kochi are influenced by several key factors including international silver prices (denominated in USD), the INR/USD exchange rate, industrial demand, and local taxes. While often traded in kilograms for wholesale, retail buyers typically purchase silver in grams (10g, 100g).
Purchasing silver bars, coins, or utensils. While highly tangible, it requires safe storage and usually incurs making charges.
Exchange Traded Funds that track physical silver prices. They offer high liquidity and eliminate the need for physical storage or purity concerns.
Buy silver online in small fractions. It is stored securely in insured vaults by the provider.
For advanced investors, trading silver futures on commodity exchanges (like MCX) allows speculation on future price movements.
Common questions about silver prices, purity, and buying silver in Kochi
While large wholesale transactions are done in kilograms (Kg), retail customers typically buy silver in grams (10g, 50g, 100g) or as finished jewellery and coins. The prices are usually quoted per 10 grams or per 1 Kg.
Yes, similar to gold, a 3% Goods and Services Tax (GST) is applicable on the purchase of silver in Kochi. If you are buying silver jewellery or utensils, additional making charges will also apply.
Pure silver (also known as fine silver) is 99.9% pure silver. It is relatively soft and primarily used for investment bars or coins. Sterling silver is an alloy made of 92.5% silver and 7.5% other metals (usually copper) to make it harder and more durable, which makes it ideal for jewellery and silverware.
Silver has dual demand: as an investment asset and as an industrial metal. Fluctuations in industrial demand (like electronics, solar energy) combined with investment demand, currency exchange rates, and international market trends make silver prices more volatile than gold.
Yes, digital silver is an increasingly popular way to invest. It allows you to buy 99.9% pure silver online without worrying about storage or purity. Alternatively, you can invest in Silver ETFs through a demat account.