Latest verified Silver 999 benchmark
IBJA lists Silver 999 at ₹234,992 per kilogram for the 21 September PM session. That works out to ₹234.99 per gram, ₹2,349.92 per 10 grams and ₹23,499.20 per 100 grams. The benchmark is published before 3% GST and making charges, so a jewellery shop, coin seller or utensil retailer can quote a higher final amount even when the underlying metal reference is the same.
The previous verified IBJA session used for this comparison is 18 September PM at ₹236,908 per kilogram. The latest PM figure is therefore ₹1,916 per kilogram lower, a decline of about 0.81%. Because IBJA does not publish on Saturdays and Sundays, the comparison skips the weekend rather than treating those dates as missing price days.
What the change means for common buying weights
For one gram, the benchmark difference is about ₹1.92 lower than the previous verified session. For 10 grams, the difference is about ₹19.16, while 100 grams is about ₹191.60 lower. A one-kilogram comparison shows the full ₹1,916 movement. These figures are mathematical conversions of one benchmark; they are not separate market feeds for each weight.
That distinction matters because users often see different numbers on jewellery or bullion websites. Some pages show a national wholesale-style reference, some show a city retail estimate and others display a product price that already includes tax or a seller margin. A useful comparison starts by checking whether two numbers use the same purity, weight, tax treatment and update session.
City pages use a national reference unless local data is verified
The Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Ahmedabad, Surat, Jaipur, Pune, Indore and Vadodara pages on this site use the same India Silver 999 benchmark when a trustworthy city-specific retail source is not available. Each city page says so directly. This prevents a common problem in price websites: presenting a small calculated city premium as though it were an independently verified local market rate.
Local buyers should still expect differences at the counter. GST, making or fabrication charges, fineness, design, packaging, dealer margin and product type can all change the final bill. A 925 ornament should not be compared directly with a 999 benchmark without adjusting for purity.
How to use today’s benchmark
Start with the per-gram value and multiply by the net silver weight. If the product is not 999 fine, adjust the metal value by the fineness ratio. For example, a 925 estimate uses the 999 value multiplied by 925/999. After that, add any disclosed making charge and GST. The calculator on this site follows that order so the metal component remains visible instead of being hidden inside one total.
For a purchase decision, the benchmark should be treated as a reference rather than a recommendation. Compare the seller’s purity mark, net weight and itemised charges, then verify the final invoice. Silver prices can change between IBJA sessions, and a retailer can update its own quote at a different time.
Source and update status
The primary source for this update is the India Bullion & Jewellers Association Silver 999 rate table. The current page records the market session as 21 September 2026 PM and the previous verified session as 18 September 2026 PM. If a newer verified IBJA session becomes available, the site’s data layer can replace this fallback; if a source check fails, the last successful value should remain visible with its original market date rather than being overwritten by an error.
