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Investing in precious metals such as gold and silver is one of the ideal ways to prepare yourself for any future uncertainties. Although not similar in terms of investment value, both gold and silver act as a hedge against inflation or economic downturn. 


One of the many Indian states viewing silver as a mainstream metal is the pink city, Jaipur. Traditionally, purchasing silver for investment purposes was not common in the capital city of Rajasthan. However, silver has now become a tradable commodity due to its increasing market value. 


This is evident from Jaipur’s silver price today. If you check the latest silver rates, you can find that the silver price today in Jaipur is ₹70.70 for one gram of silver. That said, here’s a brief overview of silver rates and factors affecting the current silver price in Jaipur. 

Silver Price Per Gram in Jaipur

Given below is an overview of today’s silver price in Jaipur for various quantities.

Quantity of silver (in grams)

Silver Price in Mumbai







1000 (1 kg)


Disclaimer: The above silver rate in Jaipur is as of Oct 04, 2023, and is subject to change.

Silver Rate in Jaipur in the Last 10 Days

Like gold, silver rates keep fluctuating due to various reasons as well. For instance, while the 1kg silver price today in Jaipur is ₹70,700 (Oct 04 it was ₹71,000 on Oct 03 2023). 


Here is a tabulated comparison of the silver price today in Jaipur, along with those of the last 10 days.


1 Gram Silver Price in Jaipur

10 Grams Silver Price in Jaipur

100 Grams Silver Prince in Jaipur

1 KG Silver Price in Jaipur

Oct 04, 2023

₹ 70.70

₹ 707.00

₹ 7,070.00

₹ 70,700.00

Oct 03, 2023

₹ 71.00

₹ 710.00

₹ 7,100.00

₹ 71,000.00

Oct 02, 2023

₹ 73.00

₹ 730.00

₹ 7,300.00

₹ 73,000.00

Oct 01, 2023

₹ 73.50

₹ 735.00

₹ 7,350.00

₹ 73,500.00

Sep 30, 2023

₹ 73.50

₹ 735.00

₹ 7,350.00

₹ 73,500.00

Sep 29, 2023

₹ 74.70

₹ 747.00

₹ 7,470.00

₹ 74,700.00

Sep 28, 2023

₹ 73.70

₹ 737.00

₹ 7,370.00

₹ 73,700.00

Sep 27, 2023

₹ 74.20

₹ 742.00

₹ 7,420.00

₹ 74,200.00

Sep 26, 2023

₹ 74.80

₹ 748.00

₹ 7,480.00

₹ 74,800.00

Sep 25, 2023

₹ 75.80

₹ 758.00

₹ 7,580.00

₹ 75,800.00

Disclaimer: The rate of silver today in Jaipur and that of the last 10 days are as of Oct 2023.  


From the tabular column, it is evident that today’s silver rate in Jaipur is different from what it was in the previous month, April. Hence, before investing in such precious metals, you must assess the market rates so that you can make the most of them.


However, there are various factors, such as economic sensitivities and other technical characteristics, to consider when purchasing silver. Read on to understand what they are and how they impact the silver rate in Jaipur today and in the following days.

Factors Impacting Silver Rates in Jaipur

Similar to gold, silver rates fluctuate based on the demand and supply cycle in combination with several other economic factors. Having a thorough knowledge of these factors can help you make informed decisions.

Given below are a few factors affecting the silver rate in Jaipur:

  • US Dollar 

The US Dollar pricing has a great impact on the silver rate. As this is one of the leading global currencies, the silver price maintains an inverse relationship with that of the dollar. 


Simply put, when the dollar rate is high, the price of silver reduces, and when the US dollar weakens, the silver rate appreciates. Hence, most investors track US Dollar fluctuations to gauge the increase or decrease in silver rates.


This helps you invest in silver at the right time by getting the best deal on the silver price. So, keep a close tab on US dollar rates to understand today’s silver rate in Jaipur or any other Indian city, for that matter.

  • Demand and Supply Chain

This is one of the most essential factors affecting silver rates throughout the country. Like gold, the supply and demand equation for silver is valuable because there is a constant demand for the metal. 


However, the supply is limited, and this trend of increase or decrease in demand and supply may cause fluctuation in silver rates. If the supply increases significantly, you may see a decline in the rate of silver. 


Conversely, if there is a dearth in the production of silver, the prices increase as supply is falling short of demand. There can be a higher demand when silver is used innovatively. For instance, using silver in solar panels can create a stir among investors and increase the buying trend. 


Hence, as the demand goes up, so do the silver prices across the nation.

  • Economic Conditions

When the market economy is excellent, there is a higher investment in precious metals such as gold and silver. However, when it stagnates, these metals are the first ones to get affected. 


Economic health plays a critical factor in affecting silver prices. Hence, keeping a close tab on the overall economic trends can help you assess the rates of precious metals such as gold and silver.

  • Inflation

While gold and silver can provide a hedge against inflation, have you ever wondered about the reason for their growing popularity? One of the most popular reasons is that both these precious metals can retain their purchasing power and reduce the loss even when there is a decline in the value of the currency.


Given this, you may witness a hike in the current silver price in Jaipur and throughout the country, even during inflation.

  • Rate of Gold

The gold rate has a major say in the price of silver as well. When gold rates decrease or increase, the silver price also follows similar trends. Though gold and silver are considered safe havens for investors, the usual norm is that silver price follows the gold rate trend.

  • Interest Rates

The interest rate depicts the overall market scenario. The relation of the silver rate is inversely proportional to the interest rate, similar to the dollar-silver price relation.


Hence, when interest rates decrease, there is an increase in the silver rate in Jaipur and across India. Since investing in silver is seen as a long-term investment, the interest rate has an inverse relationship with the price of silver.

  • Government Policies

Another discerning factor affecting the silver price today in Jaipur and other states throughout India is the policies and actions laid out by the government. While the yellow precious metal is used as a reserve, silver is used for transactions.


For instance, central banks across the world sell and buy silver bullion. Any change in guidelines or policies by the Reserve Bank of India has an impact on the price of silver. In case there is a rate change in import duty, the price of silver gets affected. 


This is mostly because silver is imported to India.

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FAQs on Silver Rate in Jaipur

Yes, you must pay a GST of 3% when you buy silver in Jaipur or any other state in India.

Investing in silver is a good option to diversify your portfolio. On comparing the silver price today in Jaipur and the last 10 days, you can rest assured that this is expected to increase in the coming years. This can help you generate returns, with proper investing.

There are numerous ways of investing in silver. You can invest in silver bars and coins or trade through the commodity market using silver futures and e-silver. Always check the silver rate in Jaipur and other states before you invest in this precious white metal.

You can easily test the silver purity using a magnet. If the silver does not get attracted to the magnet, your silver is pure. While it is important to check the current silver price in Jaipur and other states before purchasing silver, checking its purity is also equally important.

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