Silver Rate Today, April 16: Check Price Per Gram and Kg in Major Indian Cities
Silver Rate Today in India, April 16, 2026 – Complete City-Wise Silver Price Guide Per Gram and Per Kilogram
Introduction
Silver, often called the "poor man's gold," continues to attract investor interest in India both as a store of value and for industrial applications. On April 16, 2026, the silver rate in India reflects steady demand from electronics manufacturers, solar panel producers, and jewellery buyers, alongside global price movements tied to COMEX silver futures.
Today's Silver Rate Summary (April 16, 2026)
Silver (999 purity) per gram: ₹260
Silver (999 purity) per 10 grams: ₹2,600
Silver (999 purity) per 100 grams: ₹26,000
Silver (999 purity) per kg: ₹2,60,000
MCX Silver Futures (1 kg contract): ~₹2,62,000/kg
Detailed City-Wise Silver Rate – April 16, 2026
Delhi: ₹260/g | ₹2,60,000/kg
Mumbai: ₹260/g | ₹2,60,000/kg
Pune: ₹260/g | ₹2,60,000/kg
Chennai: ₹265/g | ₹2,65,000/kg (slightly higher due to local taxes)
Bengaluru: ₹260/g | ₹2,60,000/kg
Hyderabad: ₹262/g | ₹2,62,000/kg
Kolkata: ₹258/g | ₹2,58,000/kg
Ahmedabad: ₹260/g | ₹2,60,000/kg
Jaipur: ₹260/g | ₹2,60,000/kg
Lucknow: ₹260/g | ₹2,60,000/kg
Bhopal: ₹259/g | ₹2,59,000/kg
Chandigarh: ₹260/g | ₹2,60,000/kg
Factors Affecting Silver Prices Today
1. Industrial Demand: Silver's dual role as both a precious metal and an industrial input (used in electronics, solar panels, and medical equipment) makes it sensitive to manufacturing sector trends. India's growing solar energy sector has added a new layer of demand.
2. International Silver Prices: COMEX silver is trading near $32.50 per troy ounce. The USD-INR rate at ₹93.10 translates this to approximately ₹97,460 per troy ounce (1 troy oz = 31.1 g), yielding a base price of about ₹3,133 per gram before duties, GST, and margins.
3. Import Duties: India levies a 10.75% import duty on silver, which directly impacts domestic prices.
4. MCX Trading: Silver can be traded on the Multi Commodity Exchange (MCX) in 1 kg (mini) or 30 kg lots, making it accessible to retail investors.
Silver vs. Gold Ratio
As of today, the Gold-to-Silver ratio in India stands at approximately 58.9 (₹15,320 ÷ ₹260), suggesting silver may be relatively undervalued compared to gold historically.
Investment Options in Silver
Physical Silver: Coins, bars, and jewellery available from banks and certified dealers.
Silver ETFs: Available on NSE and BSE for paper exposure.
MCX Futures: For traders looking to leverage silver price movements.
Digital Silver: Available through platforms like MMTC-PAMP and SafeGold.
Buyer's Note: Always purchase hallmarked silver (BIS 999) and insist on a proper invoice including GST. Prices mentioned above exclude 3% GST and making charges.
