Silver market chart
Historical benchmark in INR per troy ounce; weight conversions are shown in the tables.
Silver Price Chart in INR per Tael (Hong Kong)
Live silver price history in Indian Rupee (INR) per tael (hong kong). Toggle 24H, 7D, 30D, and 1Y ranges to analyze silver trends.
Quick Calculator
Calculate silver value
= 37.4290 grams
= 1.203370 troy ounces
Price per tael: —
Silver price by currency
Fine silver per tael (hong kong) · current exchange rates
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US Dollar
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Euro
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British Pound
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Japanese Yen
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Swiss Franc
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Australian Dollar
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Canadian Dollar
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Indian Rupee
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Chinese Yuan
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Singapore Dollar
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Hong Kong Dollar
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UAE Dirham
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Saudi Riyal
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Mexican Peso
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Brazilian Real
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South African Rand
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Russian Ruble
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Turkish Lira
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Polish Zloty
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Philippine Peso
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New Zealand Dollar
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Swedish Krona
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Norwegian Krone
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Danish Krone
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Czech Koruna
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Taiwan Dollar
Silver price by weight
| Weight | Grams | Spot value (INR) |
|---|---|---|
| Troy Ounce | 31.1035 | — |
| Gram | 1 | — |
| Kilogram | 1000 | — |
| Pennyweight | 1.55517 | — |
| Tola | 11.6638 | — |
| Tael (Hong Kong) | 37.429 | — |
| Tael (Shanghai / Mainland China) | 50 | — |
| Tael (Taiwan) | 37.5 | — |
| Grain | 0.0648 | — |
| Momme | 3.75 | — |
| Baht | 15.244 | — |
| Chi | 3.75 | — |
| Don | 3.75 | — |
| Mesghal | 4.6875 | — |
What is a Tael (Hong Kong)? Silver weight, conversions and local use
Definition. The Hong Kong tael (37.429 g, 1.20337 troy ounces) is the contract unit of the Chinese Gold & Silver Exchange Society. Locally it is written 司馬両. One tael (hong kong) equals 37.429 grams, or 1.20337 troy ounces, which at today's silver spot price works out to — INR.
Where it is used. Hong Kong dealers quote loco-HK gold in taels, and 5-tael cast bars are the classic regional investment format. The unit is the trading standard in Hong Kong.
Pricing conventions. The local tael quote can trade at a small premium or discount to the London ounce price, and that spread is watched as an indicator of mainland Chinese demand. Silver is bulkier per unit of value, so quotes in small traditional units are usually a conversion, while real trade happens in kilogram and 1 000 oz bars.
Good to know. Hong Kong jewellery is also sold in 'chi' and 'fan' — one tenth and one hundredth of a tael respectively.
Silver price per Tael (Hong Kong) in INR — quick conversion table
| Quantity | Grams | Troy ounces | Value (INR) |
|---|---|---|---|
| 1 tael (hong kong) | 37.429 g | 1.2034 oz t | — |
| 5 tael (hong kong)s | 187.145 g | 6.0169 oz t | — |
| 10 tael (hong kong)s | 374.29 g | 12.0337 oz t | — |
| 100 tael (hong kong)s | 3,742.9 g | 120.3370 oz t | — |
Values are calculated from the live XAG spot price converted into Indian Rupee and refresh with the price above.
Buying Silver in India: local market, taxes and premiums
At the live price shown above per tael (hong kong), the price you see here is the international XAG spot price converted into Indian Rupee. Physical buyers in India pay that reference plus a premium, and local trading is concentrated around Mumbai's Zaveri Bazaar, plus Ahmedabad and Chennai. Buyers there generally watch the IBJA daily rate published for 999 and 916 gold as the day's reference.
Taxes and duties. Silver is also taxed at 3% GST; platinum and palladium are niche and mostly sold as jewellery. Silver is bulkier and cheaper per unit, so shipping, storage and consumption taxes matter far more to the final price than they do for gold. That is why the shop price of silver in INR can sit noticeably above the spot value of the same tael (hong kong) of metal.
How people usually buy. The common routes in India are family jewellers, national chains such as Tanishq and Kalyan, Sovereign Gold Bonds and Gold ETFs and digital gold apps. The products most often quoted locally include 22K jewellery, gold coins of 8 g and 10 g, 1 tola bars, Sovereign Gold Bonds.
Local conventions. Gold is bought by the tola (11.6638 g) and in 22K (916) purity, with BIS hallmarking now mandatory; demand peaks at Dhanteras, Akshaya Tritiya and the wedding season. Before you buy, compare the dealer's asking price per tael (hong kong) with the live silver price above, and check the buy-back spread the same dealer offers — that round-trip cost matters more than a small difference in the headline INR quote.
Market information only, updated with live prices. Not tax or investment advice; tax rules in India can change.
Other Precious Metals in INR
Compare prices across different precious metals
About Silver Price in INR
What is Silver?
Silver is a chemical element with symbol Ag and atomic number 47. It is a soft, white, lustrous transition metal with the highest electrical conductivity of any element.
History
Silver has been known since ancient times. It was one of the first five metals discovered by humans, along with gold, copper, lead, and iron.
Common Uses
Interesting Facts
- •Silver has the highest electrical conductivity of any element
- •Silver has antimicrobial properties
- •The word 'silver' appears in many languages as a root for 'money'
Silver Price Per Tael (Hong Kong) in Indian Rupee
The current silver price per tael (hong kong) in Indian Rupee (INR) is updated in real-time based on international market rates. Silver is traded globally and its price fluctuates based on supply and demand, economic conditions, and geopolitical factors.
When buying or selling silver in India, it's important to understand that prices are typically quoted in troy ounces on international markets. Our converter helps you easily calculate the price in tael (hong kong)s, which may be more practical for local transactions.
The Hong Kong tael is the most widely traded tael for gold and silver, equal to 37.429 grams (1.20337 troy ounces). It is the standard tael used by the Chinese Gold & Silver Exchange Society. This unit is commonly used when trading silver in various markets around the world.
Silver Long-Term Returns vs Current INR Price
How silver has performed over 1, 5, 10, and 20 years against today's spot price (USD/oz). Useful for India investors tracking silver in INR.
| Period | Start date | Price then | Return |
|---|
Historical prices are approximate annual averages, interpolated between anchor years (1980–2026).
Silver price in INR – FAQ
How much does one ounce of silver cost in INR today?
One troy ounce of silver currently costs approximately the live spot price shown on this page. This live spot price is refreshed every 5 minutes from MetalflowAPI market data and reflects the international XAG/INR rate.
What is the current silver rate in India today?
The current silver rate in India is the live spot price shown on this page per tael (hong kong). Prices refresh every 5 minutes and follow the international Silver spot price converted to Indian Rupee.
How much is 1 tael (hong kong) of silver in INR?
1 tael (hong kong) of silver equals the live spot price shown on this page today. This is calculated from the live spot price per troy ounce, converted via the INR exchange rate (1 tael (hong kong) = 37.429 grams).
How is the silver price per tael (hong kong) calculated?
The silver price per tael (hong kong) is calculated by converting the international spot price (quoted per troy ounce in USD) to INR using the current exchange rate, then converting to the tael (hong kong) weight unit (1 tael (hong kong) = 37.429 grams).
Do I pay tax or VAT when buying silver in India?
Silver is also taxed at 3% GST; platinum and palladium are niche and mostly sold as jewellery. Always confirm the current rule with the dealer, because the tax treatment changes the real cost per tael (hong kong) more than small differences in the INR spot quote.
Where do people usually buy silver in India?
The usual routes are family jewellers, national chains such as Tanishq and Kalyan, Sovereign Gold Bonds and Gold ETFs, digital gold apps. Local trading is centred on Mumbai's Zaveri Bazaar, plus Ahmedabad and Chennai, and the products most often quoted are 22K jewellery, gold coins of 8 g and 10 g, 1 tola bars, Sovereign Gold Bonds.
Why is the shop price of silver higher than the spot price in INR?
Retail prices add a dealer premium covering refining, minting, shipping, insurance and margin, plus any local tax. Silver is bulkier and cheaper per unit, so shipping, storage and consumption taxes matter far more to the final price than they do for gold. Compare the asking price per tael (hong kong) with the live spot value above, and check the dealer's buy-back spread.
Which price reference does the India silver market follow?
Local buyers generally follow the IBJA daily rate published for 999 and 916 gold, converted into Indian Rupee (INR). Gold is bought by the tola (11.6638 g) and in 22K (916) purity, with BIS hallmarking now mandatory; demand peaks at Dhanteras, Akshaya Tritiya and the wedding season.