Silver Rate Today 18 September 2026: State-Wise Prices

Silver Rate Today 18 September 2026: State-Wise Silver Prices

New Delhi, September 18, 2026: Silver prices in India moved higher on Friday, September 18, 2026, although the exact retail rate can vary between cities and states. Differences can arise from local market conditions, taxes, transportation costs and dealer margins. Financial Express reported a 1.64% rise in silver prices across major Indian cities on September 18.

According to Business Today's state-wise data for September 18, silver was quoted at ₹2,68,900 per kg in Gujarat and Kerala, while the rate listed for Karnataka, Punjab and West Bengal was ₹2,56,900 per kg.

Silver Rate Today: State-Wise Price on September 18

Rates above are based on Business Today's published state-wise silver data for September 18, 2026.

Silver Prices in Major Cities

Business Today's metro-city data showed approximately ₹2,62,900 per kg in Chennai, ₹2,61,900 in Delhi, ₹2,60,900 in Mumbai and ₹2,56,900 in Kolkata on September 18.

Moneycontrol's city-wise data, meanwhile, showed a standard silver rate of around ₹234 per gram for several major cities including Delhi, Mumbai, Chennai, Hyderabad and Bengaluru. Differences between published rates can occur because sources may use different benchmarks, update times and market methodologies.

Why Are Silver Prices Rising?

Silver prices are influenced by global economic conditions, currency movements, crude oil prices and industrial demand. Financial Express attributed the September 18 move partly to a weaker U.S. dollar and lower crude oil prices, which can support demand for precious metals.

Unlike gold, silver also has significant industrial applications. It is used in solar panels, electronics, electric vehicles and medical equipment, making industrial consumption an important factor in the global silver market.

What Buyers Should Check Before Purchasing Silver

The rate published online is generally a benchmark price. The final retail price can be higher after adding GST, making charges and other applicable costs. Business Today notes that silver purchases attract 3% GST, while the final amount depends on the product and seller.

Buyers should also check silver purity. 999 fineness represents approximately 99.9% pure silver, while 925 sterling silver contains 92.5% silver.

Conclusion

Silver Rate Today on September 18, 2026, varies across Indian states and cities. The available state-wise data puts Gujarat and Kerala at ₹2,68,900 per kg, while Karnataka, Punjab and West Bengal are listed at ₹2,56,900 per kg. Before purchasing, consumers should confirm the latest local rate and check purity, GST and making charges with the jeweller.