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Silver Rate in Varanasi

MCX Closed
Spot Price
₹2,67,360.00 +5.81%+₹14,678.00

999 Fine per kg

Exchanges
🇮🇳 MCX
₹2,50,768
🇺🇸 COMEX
₹2,27,986
🇬🇧 LBMA
₹2,35,833
🇨🇳 SGE
₹2,51,872

Silver Rate by Weight & Fineness

Weight999995925
1g₹267₹266₹248
8g₹2,139₹2,130₹1,980
10gSTD₹2,674₹2,663₹2,476
100g₹26,736₹26,629₹24,756
1kg₹2,67,360₹2,66,289₹2,47,556
Weight900800970
1g₹241₹214₹260
8g₹1,927₹1,713₹2,077
10gSTD₹2,409₹2,141₹2,596
100g₹24,086₹21,410₹25,960
1kg₹2,40,865₹2,14,102₹2,59,599

By weight & fineness · MCX 999 benchmark per kg · Prices excl. GST (3%) & making charges

Gold Price Trend — Varanasi

Today's silver price in Varanasi on 19 May 2026 stands at ₹267 per gram for 999 fine silver, ₹248 per gram for 925 sterling silver, and ₹214 per gram for 800 utensil silver.

Silver Market — Varanasi

Varanasi is one of India's oldest and most revered silver craftsmanship centres. Thatheri Bazaar is the historic core of the silver trade, famous for Banarasi silver work that produces intricate anklets, temple artefacts, and ritual vessels. The city is the exclusive home of Gulabi Meenakari — pink enamel work applied on both gold and silver — a highly protected craft found nowhere else in the world. Silver demand in Varanasi experiences massive micro-spikes during Dev Deepawali, when thousands of silver diyas and lamps are purchased. Banarasi silver repoussé work is utilised extensively in temple deity adornments along the Ganges ghats. The city also has a thriving market for chandi ka warq (silver leaf) production.

Silver Traditions: Banarasi silver traditions include intricate repoussé anklets, temple deity crowns, and ritual vessels used along the Ganges ghats. Gulabi Meenakari on silver is Varanasi's signature craft, and chandi ka warq (edible silver leaf) production for sweets is a centuries-old local trade.

Silver Dealers in Varanasi

Shree Banaras Jewels (Rathyatra), Chetmani Gems & Jewels (Rathyatra), Shivnath Seth Ramsanehi Seth (Basani)

National chains: Tanishq, Kalyan Jewellers, Malabar Gold, PC Jeweller, Senco Gold

Buying Tips

  • Thatheri Bazaar is unparalleled for authentic Banarasi silver articles and temple accessories.
  • Ensure older traditional silver shops provide BIS certification, as non-standardised alloys were historically common.
  • For Gulabi Meenakari silver pieces, purchase from established Rathyatra dealers who can certify the enamel and silver quality.

Did You Know?

  • Varanasi is the sole global producer of Gulabi Meenakari (pink enamel work) applied on silver.
  • Dev Deepawali creates massive micro-spikes in silver demand, with thousands of silver diyas and lamps purchased for the Ganga ghat illumination.

Other Silver Cities

Check today's silver rate across 30 major Indian cities