Indicative rates for 999-purity silver published by the India Bullion and Jewellers Association have tumbled to Rs 1,77,300 per kg as of Tuesday morning. Shoppers must note that these benchmark rates exclude Goods and Services Tax, making charges, and other localized jeweller costs. To safeguard festive purchases, consumers can utilize updated BIS standards to verify authenticity. The Bureau of Indian Standards offers traceability via the BIS Care app for items hallmarked under the revised IS 2112:2025 standard.
Key points
Listed bullion association rates do not incorporate mandatory GST or additional jeweller…: Listed bullion association rates do not incorporate mandatory GST or additional jeweller making charges on finished items.
Consumers can verify hallmarked silver item details and jeweller registration using the o…: Consumers can verify hallmarked silver item details and jeweller registration using the official BIS Care mobile application.
Jewellers pay recognized centres a standardized hallmarking fee of Rs 35 per article plus…: Jewellers pay recognized centres a standardized hallmarking fee of Rs 35 per article plus applicable taxes.
Sources checked by our analysis pipeline: 1
The 999-purity silver jewellery indicative price at the India Bullion and Jewellers Association (IBJA) declined today ( Tuesday, November 3, 2026). The silver jewellery price, as per the IBJA, is Rs 1,77,300 per kg in the morning session today. The IBJA also provides the silver rate update in the evening.
Compared to Monday’s PM silver rate, it is a fall of Rs 2,672 per kg. If, we compare today’s rate with that of October 28, it is a dip of Rs 16,142 per kg.
Also read: Gold rate today (November 3, 2026): Check 24k, 22k, 20k and 18k gold jewellery prices from Malabar Gold & Diamonds, Kalyan Jewellers, Tanishq & IBJA in Delhi, Mumbai, Hyderabad & more cities
At the same time, it is also important to check the purity of silver you are buying.
The BIS has since updated the hallmarking standard by introducing IS 2112:2025, which replaces the earlier IS 2112:2014.
It incorporates the HUID hallmarking of silver jewellery/artefacts, which will also improve traceability and is more like the hallmarking system for gold.
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