Silver Price Today (15 March 2026): The price of silver fluctuates continuously in India, depending upon world commodity prices, currency exchange rates, and domestic market requirements. The Indian silver market on March 15, 2026 shows an average silver price of ₹275 per gram which translates to approximately ₹2,75,000 per kilogram while actual market prices depend on the silver purity and the local city markets.
Silver Price Today (15 March 2026) in Major Cities
- 999 Silver (99.9% purity): ~₹2.73–₹2.90 lakh per kg
- 925 Silver (Sterling): ~₹2.53 lakh per kg
- 900 Silver: ~₹2.46 lakh per kg
Mumbai
- 999 Fine Silver: ₹2,73,840 per kg
- 925 Silver: ₹2,53,302 per kg
- 900 Silver: ₹2,46,456 per kg
- 999 Fine Silver: ₹2,73,840 per kg
- 925 Silver: ₹2,53,302 per kg
- 900 Silver: ₹2,46,456 per kg
Bengaluru
- 999 Fine Silver: ₹2,73,840 per kg
- 925 Silver: ₹2,53,302 per kg
- 900 Silver: ₹2,46,456 per kg
Silver Purity: 999 vs 925 vs 900
999 Silver (Pure Silver)
Silver marked 999 means the metal contains 99.9% pure silver, making it the highest purity available in the retail market. The soft nature of pure silver prevents its use in jewellery design because investors use this metal to create investment bars and coins and bullion.
925 Silver (Sterling Silver)
Silver stamped 925 contains 92.5% silver and 7.5% other metals, usually copper. The jewellery industry uses this alloy because it creates stronger and more durable metal which remains the most popular metal choice for jewellery and decorative products.
900 Silver
Silver with a 900 mark indicates 90% pure silver mixed with other metals. This grade is used in traditional silver coins and utensils and older jewellery pieces, which need durability instead of extreme high purity.
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How to Check Silver Purity Before Buying?
1. Look for the BIS Hallmark
The Bureau of Indian Standards (BIS) hallmark functions as the most dependable authenticity assessment method in India. The certification proves that the metal underwent testing at an approved assaying facility which confirmed its compliance with specified purity requirements.
A legitimate hallmark usually consists of these components:
- BIS logo
- Purity mark (999, 925, etc.)
- Assaying centre mark
- Jeweller’s identification mark
- HUID code for digital verification
2. Check the Purity Stamp
Authentic silver items usually display a small stamp such as 999 925 or 900 on a hidden section of the item. Buyers should request the seller to show certification or authenticity proof when an item does not have a stamp.
3. Perform Simple Home Tests
Magnet Test: Silver does not have magnetic properties; if the item has strong magnetic attraction it probably contains other metallic elements.
Tarnish Test: Real silver tends to oxidize slightly over time rather than peeling or flaking.
Cloth Test: Rubbing silver with a soft cloth will create a dark mark which results from oxidation that confirms the presence of real silver.
Key Things Buyers Should Remember
- Buyers need to confirm both the BIS hallmark and the purity stamp.
- To avoid paying too much, buyers should check price differences between different cities and dealers.
- Buyers need to learn how investment-grade silver (999) differs from jewellery-grade silver (925).
- Buyers should request proper documentation which includes bills and certification for their expensive purchases.
