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Silver Rate in Srinagar Today
In its physical form, silver has been traditionally used to make jewellery and also as store of wealth by leveraging its status as a precious
metal. In recent years, beyond its traditional use in jewellery, silver has witnessed significant interest due to its numerous industrial
applications as well as an investment option that acts as a hedge against inflation and market volatility. Since the price of silver changes on a
daily basis, knowing the latest rate can help you time your purchase or sale so that you can leverage a lower or higher silver price. On
7th July 2026, the price of 10 gram of 999 silver (99.9% purity) in Srinagar is ₹ 2,410. This means that today, to buy 1 gm of silver 999
in Srinagar, you will have to spend ₹ 241.
Srinagar
₹ 241/ g
+₹8 (+3.43%)
Silver Rates Today in Srinagar
Compare today's rates across major Indian cities
| Gram | Today | Yesterday |
|---|---|---|
 1 Gram | ₹ 241 Rate increased | ₹ 233 Rate increased |
 10 Gram | ₹ 2,410 Rate increased | ₹ 2,330 Rate increased |
 100 Gram | ₹ 24,100 Rate increased | ₹ 23,300 Rate increased |
 1 Kilogram | ₹ 2,41,000 Rate increased | ₹ 2,33,000 Rate increased |
Silver 999
On 7th July 2026, 100 gm of silver 999 costs ₹ 24,100. Whereas, the cost of 1 kg of 999 silver ₹ 2,41,000. The traditional tola is equivalent to around 12 gm of silver. In Srinagar, 1 tola of silver 999 is available for ₹ 2,892 today.
Silver 999 refers to silver that is of 99.9% purity and is commonly available in India
999 Silver has been traditionally used to make bars and coins but not jewellery
Silver 999 is also considered investment grade and held by silver ETFs usually in the form of bullion bars
Sterling Silver / Silver 925
In India, typically the price of sterling silver is not tracked by spot or futures markets in India. So, individual jewellers can set the price of silver 925 independently. That said, silver 925 price will follow a price trend similar to pure 999 silver in Srinagar. So, today's silver 999 rate for 1 tola of ₹ 2,892 will have direct impact on how much 1 tola of silver 925 will cost on 7th July 2026.
Sterling Silver or Silver 925 in India features a purity of 92.5%
As Silver 925 is harder than Silver 999 it is ideal for fashioning jewellery and ornaments
Currently Silver 925 price is linked to the price if pure 999 Silver
Why Does the Price of Silver Change Daily?
Today's silver 999 price in Srinagar of ₹ 24,100 per 100 gm on 7th July 2026 is influenced by a wide range of factors. These include:
Price of 999 Silver on global spot market, such as London Bullion Market Association (LBMA)
Exchange rate of the Indian₹ versus foreign currencies such as the US$
The price trend of silver on the MCX Market for July 2026
Current import duty, GST on silver imports as well as local demand of silver in Srinagar
So, if the price of silver 999 has increased on international spot market recently, the price of ₹ 2,410 for 10 gm of silver in Srinagar
on 7th July 2026 would have shown a similar rising trend. This trend would also be visible in case you are purchasing 1 kg of silver 999 for
₹ 2,41,000 or 1 tola of silver 999 for ₹ 2,892 today.
Silver ETF in India Vs Physical Silver
Compare parameters like liquidity, storage, costs, and entry limits
| Parameters | Physical Silver | Silver ETFs |
|---|---|---|
| Liquidity | Moderate. Local buyers play an important role | High. They can be traded like shares on stock exchanges |
| Storage | Locker required | No physical storage required. |
| Costs | 3% GST at the time of purchase | Expense ratio 0.5-1%. No GST |
| Minimum Entry | No minimum entry | ₹500 per unit |
Difference Between 999 Silver and 925 Silver Rates
Compare purity, price, durability, and common use cases
| Parameters | (Fine Silver) 999 Silver | (Sterling Silver) 925 Silver |
|---|---|---|
| Purity | 99.9% pure silver | 92.5% pure silver. 7.5% alloyed with other metals (copper mostly) |
| Per gram | Higher | Lower, mostly 7%-8% cheaper |
| Common Uses | Purchased as bars, coins, bullion for investment purpose | Purchased as Jewellery, ornaments, etc. for more durability |
| Durability | Can get scratches or breakage | Hard. Common for daily usage |
999 Silver Rates in India
Compare today's rates across major Indian cities
| Date | 999 Silver Rate/ gm |
|---|---|
| ₹ 216 |
| ₹ 216 |
| ₹ 219 |
| ₹ 225 |
| ₹ 225 |
| ₹ 228 |
| ₹ 228 |
| ₹ 223 |
| ₹ 233 |
| ₹ 241 |
Tip : Track daily price movements to identify the best time to buy silver. Historical trends show that prices fluctuate throughout the week.
Calculate Your Silver Rate
Price Breakdown
Total Silver
36622.93 g
Base Price
₹ 88.26 L
Making Charges
₹ 8.83 L
GST
₹ 2.91 L