Buy 100 g of 999 silver at ₹170 a gram, 8% making
Silver ₹17,000, making ₹1,360, GST ₹551. You pay ₹18,911.
Silver price calculator
—
The rate is for fine (999) silver and is filled with an approximate market rate: the world spot price in rupees plus 6% import duty, before GST. Type your jeweller's rate for an exact figure. GST is 3% on the silver and the making charge, as a simple estimate. Buy-back deductions vary by jeweller.
I want to
grams
Purity
Approximate market rate when it loads. Your jeweller's may differ.
%
Coins and bars often 2% to 5%, jewellery and utensils 8% to 15%.
You pay
₹18,911
That is ₹189 a gram, 11.2% above the value of the silver in it.
- Silver value
- ₹17,000
- Making charge
- ₹1,360
- GST at 3%
- ₹551
Silver value at this rate, before making and GST
| Weight | 999 fine | 925 sterling | 800 |
|---|---|---|---|
| 10 g | ₹1,700 | ₹1,574 | ₹1,361 |
| 50 g | ₹8,500 | ₹7,870 | ₹6,807 |
| 100 g | ₹17,000 | ₹15,741 | ₹13,614 |
| 500 g | ₹85,000 | ₹78,704 | ₹68,068 |
| 1 kg | ₹1,70,000 | ₹1,57,407 | ₹1,36,136 |
How silver is priced, and why you get less when you sell
Silver is priced by the gram of fine (999) silver. Every piece is valued by its pure silver content, so a 925 sterling item is worth 92.5% of the same weight in fine silver.
Here is the sum with the default numbers. 100 grams of 999 silver at ₹170 a gram is worth ₹17,000. An 8% making charge adds ₹1,360, and 3% GST on both adds ₹550.80, so you pay ₹18,910.80, about 11% above the silver in it.
Selling works the other way. The jeweller values only the silver, then takes a deduction, often 3% to 10%. The same 100 grams sold with a 5% deduction gets ₹16,150. The making charge and GST you paid are gone, which is why coins and bars with low making charges are the cheaper way to hold silver.
The rate is filled with an approximate market rate when the page loads. It tracks the world price, so it is close to the bullion rate but can differ from your local shop by a few rupees a gram. Use your jeweller's rate when you are about to buy or sell.
Sources
What this calculator does not account for
- Your jeweller's actual rate, which can differ from the market rate shown.
- Stones, lacquer or other metals in the piece.
- The buy-back terms of your jeweller.
How this is calculated
Formula: Silver value from weight and purity
value =grams × 999 rate × purity ÷ 999; price =value + making + 3% GSTWhat the symbols mean
- 999 rateToday's rate per gram for fine silver, the rate shops and apps quote.
- purityParts of pure silver per 1,000: 999 fine, 925 sterling, 800 in older pieces.
- makingThe jeweller's charge for the work, as a percentage of the silver value.
Good to know
- The rate starts at an approximate market rate: the world spot price in rupees plus 6% import duty. Type your jeweller's rate for an exact figure.
- When you sell, making charges and GST are not returned, and most jewellers deduct a few percent.
Read the full methodologyFound an error? Contact us
Worked examples
Each example is worked out by the same code as the calculator above.
Sell the same 100 g with a 5% deduction
You get ₹16,150.
Embed this calculator
The frame shows the tool only.
<iframe src="/embed/silver-value-calculator" title="Silver value" width="100%" height="720" style="border:0;max-width:42rem" loading="lazy"></iframe>Questions
How is the silver price per gram worked out?
India follows the world price in dollars per ounce, converted to rupees, plus 6% import duty. Shops then add GST and making charges, and city rates differ by a little.
What does 925 silver mean?
It is 92.5% pure silver mixed with copper for strength, also called sterling silver. It is worth 925 ÷ 999 of the fine silver rate.
Is GST charged on silver?
Yes, 3% on the silver value. Making charges also attract GST, which this tool estimates at the same 3%.
How much will a jeweller pay when I sell?
The value of the pure silver at today's rate, minus a deduction, usually a few percent. Making charges are lost, which is why coins and bars resell better than jewellery.