Silver Prices Plummet in India, Fine Silver Drops to ₹2,45,000 Per Kg

Domestic silver prices in India plummeted on September 12, 2026, by approximately ₹10 per gram compared to previous trading sessions. The national average price for 99.9% pure fine silver (999 silver) stands at ₹245 per gram (₹2,45,000 per kilogram), while 925 sterling silver is trading at ₹226.85 per gram.

The downward correction was driven by profit-booking and global commodity adjustments. The long-term demand from green energy, solar panel manufacturing, and retail bullion investors continues to support baseline industrial values.

Retail white metal pricing varies slightly across states due to regional logistics, local municipal taxes, and bullion association updates. The city-wise silver rates per 1 kilogram are as follows: