Silver Price Today: 24K, 22K Gold and Silver Rates in India

Silver is having a serious moment. On October 1, 2026, the metal is trading at sharply different levels depending on the market and source you check – with some retail trackers putting silver close to ₹2.40 lakh per kg, while benchmark rates are lower.

And then there is gold, still hovering around the ₹1.5 lakh-per-10-gram zone.

So, what is the silver price today in India? What about 24K and 22K gold? And why does the number on one website sometimes look very different from the rate quoted by your jeweller?

Here is everything you need to know about Gold and silver prices today, including the latest rates, why they differ, and what buyers should actually check before making a purchase.

Silver Price Today in India: Latest Rates

According to Groww’s India silver tracker, 999 silver is priced at ₹239.90 per gram, which works out to ₹2,399 per 10 grams and ₹2,39,900 per kg on October 1. Groww’s tracker shows an 8.83% daily increase.

Mint’s tracker, updated at 8:55 AM IST, puts the India silver rate at ₹2,24,295 per kg, showing just how much quoted prices can vary depending on the source and timing.

Why the difference? These are not necessarily identical market references. Rates can vary according to the source, update time, benchmark used, and local market factors.

For anyone searching silver price today, this is perhaps the most important thing to remember: always check the timestamp and source before comparing two rates.

Gold Price Today: 24K, 22K and 18K Rates

Gold continues to command attention alongside silver.

The India Bullion and Jewellers Association (IBJA) reported the following October 1 benchmark rates:

IBJA’s figures are benchmark rates and should not be confused with the final retail price of jewellery. Taxes, making charges and other applicable costs can change the final bill.

What Is The Difference Between 24K And 22K Gold?

24K gold has the highest purity commonly quoted for bullion, while 22K gold contains around 91.6% gold and is widely used for jewellery because the added alloys make it more durable.

So if you’re buying an investment bar, you may be looking at 24K/999 gold. If you’re shopping for traditional jewellery, 22K is often more relevant.

Why Are Gold and Silver Rates Different Across Websites?

This is where things can get confusing. You may search today’s gold and silver price and find one number on Google, another on a financial portal, and a third at your local jeweller. That doesn’t automatically mean someone has got the price wrong.

There are several different references:

• IBJA Benchmark: A bullion-market reference used to track indicative precious-metal prices.
• MCX Price: The price of futures contracts traded on the Multi Commodity Exchange. It is not the same as the final price of physical jewellery.
• Online Market Rate: Platforms such as Groww and Mint publish rates that can differ based on their data source, timing, and methodology.
• Jeweller’s Price: The consumer-facing price can include local premiums, taxes, making charges, and other applicable costs.

In other words:

IBJA rate ≠ MCX futures price ≠ online reference rate ≠ final jewellery bill.

That distinction can save buyers from a lot of confusion.

What Is Driving Gold and Silver Prices Today?

Global markets are playing a major role. Reuters reported on October 1 that spot gold rose 0.6% to $4,183.22 an ounce, while US gold futures climbed 0.6%. Spot silver gained 1.2% to $61.11 an ounce. The move followed softer-than-expected US inflation data, which reduced expectations of a Federal Reserve rate hike in October.

However, higher US Treasury yields and a stronger dollar were limiting gold’s gains. For Indian buyers, international prices aren’t the whole story. The rupee-dollar exchange rate, import costs, domestic demand, and local premiums can all influence prices in the Indian market. Bajaj Broking also notes that India’s silver prices are influenced by international silver rates and the rupee’s exchange rate against the US dollar.

Why Is Silver Getting So Much Attention?

Unlike gold, silver isn’t only an investment metal. It is also widely used in industrial applications, including electronics and solar-related technologies. That gives silver two major demand drivers: investment demand and industrial demand.

There is another India-specific factor worth watching. Reuters reported earlier this year that restrictions affecting silver imports had created shortages in India and pushed domestic premiums higher. That helps explain why silver can sometimes behave very differently from gold.

Gold and Silver Price Today: What Should Buyers Check?

If you’re planning to buy jewellery, coins or bullion, don’t make the decision based on one headline number.

• Purity: 24K, 22K, 18K, or 999 silver
• Weight: Confirm the actual grams
• Today’s quoted rate: Check the date and time
• Making charges: Particularly important for jewellery
• GST and other applicable charges
• Hallmark/HUID details: For applicable gold jewellery
• Buyback or exchange policy
• Final invoice amount

The last point matters most. A jewellery advertisement may highlight an attractive gold rate, but the amount you finally pay depends on much more than the metal’s headline price.

Is MCX Gold or Silver the Same as the Jeweller’s Rate?

No, MCX prices represent futures contracts traded on the exchange. A jeweller’s selling price refers to physical metal and can include local premiums and applicable taxes and charges.

This is why someone checking Gold and silver prices today online may see a figure that doesn’t match the quote at a jewellery showroom.

The same principle applies to silver.

| You may like to read: Comparing HDFC and Canara Bank Share Price Trends in India’s Banking Sector

Silver Price Today: The Bottom Line

The precious-metals market is starting October with plenty of movement. Retail trackers such as Groww are showing 999 silver at ₹2,39,900 per kg, while Mint’s October 1 tracker shows ₹2,24,295 per kg.

Meanwhile, IBJA’s October 1 benchmark puts 999 silver at ₹2,22,273 per kg in the AM session and ₹2,20,435 per kg in the PM session. That wide range is exactly why buyers should look beyond a single number. The smart way to read today’s gold and silver price is to check the source, timestamp, purity, and type of rate before comparing prices – and always look at the final bill before buying.

Frequently Asked Questions (FAQs)

Q1. What is the silver price today in India?

Ans. Groww lists 999 silver at ₹239.90 per gram, or ₹2,39,900 per kg, on October 1, 2026. Mint’s tracker lists ₹2,24,295 per kg, highlighting the variation between market references.

Q2. What is the 24K gold price today?

Ans. IBJA’s October 1 benchmark was ₹1,48,379 per 10 grams in the AM session and ₹1,47,888 in the PM session.

Q3. What is the 22K gold price today?

Ans. IBJA listed 22K/916 gold at ₹1,35,915 per 10 grams in the AM session and ₹1,35,465 in the PM session on October 1.

Q4. Why is silver price different across websites?

Ans. Different platforms can use different data sources, timestamps, and market references. Local premiums, taxes, and logistics can also affect quoted rates.

Q5. Is the MCX price the same as the jewellery price?

Ans. No. MCX represents futures-market pricing, while the final jewellery price can include premiums, making charges, GST, and other applicable costs.