The price of silver has achieved historic highs and lows all in the final week of January 2026. According to dwell charts, silver accomplished an unprecedented climb to approx. Rs3.5 lakhs for 1kg of high quality silver, earlier than crashing down by 30%. The price of silver, as of 18th March 2026, is approx. Rs2.3 lakhs per 1kg and it stays in a fluctuating state.
Silver costs could be unstable. For travellers, this decline is a reminder to test native charges earlier than shopping for, whether or not you might be purchasing in the United Kingdom, looking the Mexican markets or purchasing in India.
Rules for bringing silver into India
According to the brand new Baggage Rules 2026, a feminine Indian citizen returning after spending greater than a 12 months abroad can convey jewelry of as much as 40gm with most worth of Rs1lakh with out paying any obligation. This restrict goes right down to 20gm with most worth of Rs50,000 for male passengers. It is vital to do not forget that this weight restrict is a complete of any bought gold and silver jewelry you might be bringing into the nation.
In different circumstances, residents and individuals of Indian origin can convey as much as 10kg of silver into the nation by paying a 6% obligation and 3% GST. Import of uncooked bullion stays restricted to banks. This info is topic to alter and it’s extremely suggested that you simply recheck any info from official sources such because the official website of the Director General of Foreign Trade.
Each vacation spot around the globe costs silver otherwise. Below we’ve damaged down the present retail costs of 1kg of high quality silver from key locations together with any customized guidelines that apply. The costs have been final checked on 18th March 2026 and it’s all the time recommended that you simply confirm dwell charges through dependable sources akin to Kitco, SilverPrice.org, or native exchanges, as they fluctuate hourly.
Before you purchase
Always purchase from respected sellers, request itemised invoices, and declare high-value silver at India’s pink channel. For real-time costs, sources like SilverPrice.org, Kitco, and India’s IBJA are indispensable. With the precise paperwork and consciousness, your silver can return house easily as another memento.
India
Price for 1kg: Rs2,34,030
In Mumbai’s Zaveri Bazaar and Delhi’s Karol Bagh, festivities enhance demand, particularly round Holi, driving costs larger. A 3% GST additionally provides to retail prices. In the case that you’re travelling abroad with silver, keep in mind to test for the vacation spot’s customs guidelines and rules relating to entry of silver.
United States
Price for 1kg: $2,540 (Rs2,34,760)
New York’s Diamond District and sellers like JM Bullion supply silver cash and bars with modest premiums of 1–5% over spot charges. It is vital to test the supply of the silver in order that any sanctioned nations could also be prevented. At the suitable pink channels, keep in mind to declare your silver, validating it with invoices and purity certificates.
United Kingdom
Price for 1kg: £1,900 (Rs2,34,620)
London’s Hatton Garden blends heritage and bullion commerce. Jewellery designs cater to world tastes, although costs replicate the energy of the pound. The normal duty-free limits apply however when declaring bars or cash, high quality evaluation certificates are really helpful, together with the opposite paperwork.
China
Price for 1kg: CNY 17,433 (Rs2,33,940)
Beijing’s conventional markets and the Shanghai Metals Market supply high-purity bars and ornate jewelry at costs intently monitoring world charges. The customs guidelines at entry again into India apply.