Silver price today: Silver becomes cheaper on Dhanteras; check latest rates and hallmarking rules

Silver rates at the India Bullion and Jewellers Association (IBJA) decreased today on Dhanteras (Friday, November 6, 2026) as buyers get a chance to buy the white metal at a lower rate compared to the Thursday evening price. Those planning to purchase silver coins, bars, utensils or jewellery this festive season may want to check the latest rate before visiting a store.

Silver becomes cheaper on Dhanteras

According to the IBJA, the indicative price of 999-purity silver jewellery stood at Rs 1,81,863 per kg on November 6, 2026. On November 5, the same purity of silver was priced at Rs 1,87,300 per kg. This means silver became cheaper by approximately Rs 5,437 per kg in a day.



Also read: Dhanteras 2026: How much gold can you buy for Rs 50,000, Rs 1 lakh, Rs 2 lakh and Rs 5 lakh?

IBJA’s silver rate: Price movements since November 2, 2026

Date	Silver (₹ per kg)
05-Nov-26	1,87,300
04-Nov-26	1,86,133
03-Nov-26	1,76,425
02-Nov-26	1,79,972

What should silver buyers keep in mind ahead of Dhanteras and Diwali?

Since a lot of people must have been thinking of buying silver jewellery ahead of Dhanteras and Diwali, they should compare prices across jewellers before making a purchase. The IBJA rate is not the final rate that a jeweller offers. The final rate of a silver jewellery item may include the Goods and Services Tax (GST), making charges and other applicable costs.

Is silver hallmarking mandatory in India?

The Bureau of Indian Standards (BIS) introduced hallmarking for silver jewellery on a voluntary basis in October 2005. It incorporates the HUID hallmarking of silver jewellery/artefacts, which is aimed to improve traceability and is more like the hallmarking system for gold.

Silver jewellery hallmarking charges

Hallmarking charges payable by jewellers to a recognised Assaying and Hallmarking Centre (AHCs): Silver - Rs. 35/- per article, with a minimum consignment fee of Rs 150/-. The corresponding BIS levy from AHCs is Rs 3.50 per silver article (minimum Rs 15/- per consignment). Applicable taxes as per prevalent rates shall be payable in addition to the above.

What are the silver purity grades?

The BIS specifies eight silver purity grades: 800, 835, 900, 925, 958, 970, 990 and 999 ppt.