Today's Silver Price · Erode
₹290 per gram
— +₹0 (+0.00%)
vs yesterday
Price by Weight
1 Gram
₹290
1g × ₹290
8 Grams
₹2,320
8g × ₹290
10 Grams
₹2,900
10g × ₹290
100 Grams
₹29,000
100g × ₹290
1 Tola
₹3,383
11.664g × ₹290
1 Sovereign
₹2,320
8g × ₹290
1 Ounce
₹9,020
31.1035g × ₹290
1 KG
₹2,90,000
1000g × ₹290
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Result
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🧾 Silver Purchase Tax Calculator
Metal Value—
Making Charges (12%)—
GST on Metal (3%)—
GST on Making (5%)—
Total Cost—
7-Days Price History
| # | Date | Price / gram | Change |
|---|---|---|---|
| 1 | 01 Jun 2026 | ₹290.00 | — |
| 2 | 31 May 2026 | ₹290.00 | — |
| 3 | 30 May 2026 | ₹290.00 | — |
| 4 | 29 May 2026 | ₹290.00 | ▲ +₹5.00 |
| 5 | 28 May 2026 | ₹285.00 | ▼ ₹5.00 |
| 6 | 27 May 2026 | ₹290.00 | ▼ ₹5.00 |
| 7 | 26 May 2026 | ₹295.00 | — |
| 8 | 25 May 2026 | ₹295.00 | — |
| 9 | 24 May 2026 | ₹295.00 | — |
Frequently Asked Questions
What is today's Silver rate in Erode?
Today's Silver rate in Erode is ₹290.00 per gram as of 01 Jun 2026. Silver rates are updated daily based on MCX and international spot prices.
What is the silver rate per kg today?
Today's silver rate per kilogram in Erode is ₹2,90,000.00.
What taxes apply when buying silver in India?
Silver purchases attract 3% GST on the metal value. If bought as jewellery, an additional 5% GST applies on making charges. Import duty on silver is 15%.
What is the purity of silver sold in India?
Standard silver sold in India is .999 fine (99.9% pure), also known as fine silver. Sterling silver (used in cutlery and some jewellery) is 92.5% pure.
What drives silver prices in India?
Silver prices in India are influenced by global spot prices (USD), the INR/USD exchange rate, industrial demand (electronics, solar panels), investment demand, and MCX futures trading.
Is silver a good investment in India?
Silver can be a good diversification tool. It is more affordable than gold, has strong industrial demand, and tends to outperform gold in bull markets. However, it is more volatile and has higher storage and transaction costs relative to its value.
How to check silver purity?
Look for a BIS Hallmark on silver items. Hallmarked silver in India shows purity as 999 (99.9%), 970 (97%), or 925 (92.5%). You can also get it tested at a certified assay centre.
What is the difference between silver and white gold?
Silver is a naturally occurring element, while white gold is yellow gold alloyed with white metals like nickel, palladium, or rhodium. White gold is significantly more expensive and doesn't tarnish like silver.