Silver prices in India edged lower on November 12, 2026, with 999-purity silver trading at Rs. 199.90 per gram, according to Groww. The rate fell by Rs. 0.10 per gram, down 0.05% from the previous session.
Investors, jewelry buyers, and consumers closely track silver prices, as the metal has both investment and industrial demand. Unlike gold, silver is widely used across manufacturing sectors, including electronics, solar energy and electric vehicles. Consequently, changes in industrial activity, global demand and currency movements can influence its domestic prices.
Groww recorded the latest silver rate for 999-purity silver at Rs. 199.90 per gram on Thursday. The corresponding prices for different quantities are:
| Silver Quantity | Price |
|---|---|
| 1 gram | Rs. 199.90 |
| 8 grams | Rs. 1,599.20 |
| 10 grams | Rs. 1,999 |
| 100 grams | Rs. 19,990 |
| 1 kilogram | Rs. 1,99,900 |
These rates reflect the prices listed on Groww and may change during market hours.
Also Read: Silver Price Today: Rates Fall by Rs. 5,000, Check City-Wise Prices
Silver prices have recorded fluctuations in the domestic market over the past few sessions. Groww's historical data shows that the metal was priced at Rs. 210 per gram on November 5.
The rate then fell to Rs. 205 per gram on November 6 and held there for the next few days. Silver prices then fell to Rs. 200 per gram on November 11 before edging down further to Rs. 199.90 on November 12.
The movement indicates selling pressure in the silver market after the metal recorded higher levels earlier in the month.
Silver prices are influenced by global demand and supply, particularly from the solar energy, electronics and electric vehicle industries. The rupee-dollar exchange rate is another important factor. The Indian rupee traded at around Rs. 93.77 against the US dollar, making imported silver sensitive to currency movements.
Since India imports a significant share of its silver requirements, a weaker rupee can increase import costs and push domestic prices higher. International silver rates, import duties, transportation expenses and local market premiums also influence retail prices.
Consumers planning to buy silver jewelry, coins, or bars should compare rates across sellers. Making charges, GST, and other applicable costs can increase the final purchase amount beyond the quoted metal price.
Investors should also monitor international prices, currency fluctuations and industrial demand before taking positions. Silver can witness sharp price movements, making short-term investments particularly sensitive to market developments.
Silver traded at Rs. 199.90 per gram in India on November 12, 2026, according to Groww. With global market conditions, industrial demand, and currency movements influencing prices, buyers and investors should track daily rate changes before making financial decisions.
Note: Silver prices are indicative and subject to change. Actual retail rates may vary by seller, location, taxes, and additional charges.