Silver Rate Calculator
Calculate the final price of silver in any weight unit and currency, with region-based tax.
Region
Item Weight
Making Charges (%)
%
GST (%)
%
Price Breakdown
Value of Silver
₹ 8,500
Making Charges
+ ₹ 850
GST (3%)
+ ₹ 281
Total Final Price
₹ 9,631
How to calculate the price of silver?
Silver is usually priced per kilogram in India, but per troy ounce internationally. Just like gold, buying silver jewelry or utensils includes additional costs beyond the raw metal price.
- Silver Value: Weight × Rate per unit weight (converted to the same unit)
- Making Charges: For silver, making charges are often higher in percentage terms than gold because of intricate designs.
- Tax: Standard GST on gold/silver in India is 3%.
Use the region selector to switch between India's GST, US sales tax, UK VAT, or a custom rate for anywhere else — the calculator also accepts silver quoted per gram, per 10 grams, per kilogram, or per troy ounce, and item weight in grams, kilograms, or troy ounces.
Example
1kg of silver at ₹75/gram = ₹75,000 silver value. At 12% making charges (₹9,000) and 3% GST on ₹84,000 (₹2,520), the final price comes to ₹86,520.
Common Use Cases
- Checking a jeweler's quoted price against the actual silver rate before buying.
- Estimating the cost of silver utensils or coins before purchase.
- Converting a world spot price (quoted per troy ounce) into a local per-gram or per-kg price.
FAQs
Why are silver making charges often higher than gold?
Silver items often involve more intricate craftsmanship relative to their lower per-gram value, so making charges are commonly expressed as a higher percentage than for gold.
What is a troy ounce and why does the world price use it?
A troy ounce (31.1034768 grams) is the standard unit for pricing precious metals internationally — it's what you'll see quoted on silverprice.org and most bullion dealers outside India. Select "Troy Ounce" as the rate unit to plug in a world spot price directly.