Silver Rate Today in Ratlam

Live · updated 12:29 pm IST

Silver · 999 pure₹2,37,000

per 1 kg · day ₹2,33,540–₹2,38,500

today · ₹2,36,670–₹2,37,050+0.0%

The silver rate today in Ratlam is ₹2,37,000 per 1 kg for 999 fine silver, or ₹237.00 per gram, as of 12:29 pm IST on 16 September 2026. This is the bullion rate before 3% GST and before making charges.

Silver rate today in Ratlam per 10 grams, by purity
PurityRate per 10 grams
24K gold999 — pure₹1,52,742
22K gold916 — most jewellery₹1,40,523
20K gold833₹1,28,303
18K gold750 — stone-set₹1,16,084
Silver999 — pure₹2,370
With 3% GST₹2,441
Making chargesExtra

Making is usually 8–25% of the metal value, or a fixed amount per gram. Ask for it as its own line on the bill, along with stone value and hallmarking.

MCX futures

Gold futureper 10 grams · day ₹1,50,750–₹1,55,000₹1,51,952
Silver futureper 1 kg · day ₹2,32,040–₹2,37,000₹2,35,500

What the exchange is quoting. The trade prices against this — it is not a shop rate, and it is not what you pay.

16 September 2026 · MCX-linked bullion market. Indicative, before GST and making charges.

Where this rate comes from.

Source
The MCX-linked bullion market. Gold is taken from the 999 fine contract and silver from 999 fine; 22K, 20K and 18K are the ornament rates quoted alongside them, not figures we calculate.
Updated
Every minute while this page is open, from a feed polled every 15 seconds during market hours (Monday to Friday, 09:00–23:59 IST) and every 5 minutes outside them. The timestamp above is the moment the market last moved, not the moment you loaded the page.
Unit
Gold in rupees per 10 grams and silver in rupees per kilogram, the way Indian bullion boards quote them. Per-gram and other weights are the same rate scaled, never rounded before scaling. Note that 10 grams is not a tola — a tola is 11.664 g, and the trade uses the two names loosely (the weights explained).
Excludes
3% GST, making charges, wastage, stone value and hallmarking. Your jeweller's counter rate is their own and will be higher.
Free to use
Cite this page or read the same board as JSON at /api/live-rates (integer paise per gram). Attribution to 24K Solutions is appreciated.

Silver rate by city.

There is one bullion market and every city quotes from it. What changes between towns is the premium, the making charge and the local association's board — not the metal.

The trade in Ratlam.

Ratlam has one of the older trading bazaars in western Madhya Pradesh and a long-standing gold trade that supplies smaller towns across the Malwa plateau. Its proximity to Gujarat shows in the work — lighter, more finely finished pieces than the heavy Mahakoshal style — and in how quickly the counter rate is revised, closer to Ahmedabad's habit than Jabalpur's.

Ratlam's shops trade out of the Ratlam sarafa bazaar. Because they all price off the same board above, the honest way to compare two quotes is to ask each shop for the metal rate, the making charge and the wastage as three separate numbers.

Gold rate today in RatlamThe same board, led by gold.

How the rate in Ratlam is actually set.

Gold is quoted per 10 grams and silver per kilogram, the way every sarafa board in the country posts them. India imports most of its gold and silver, so the rate starts abroad: the international price in dollars per troy ounce, converted at the day's rupee rate, plus import duty and the bullion market's own premium. That is the number on this page, and it moves all day.

From there each shop builds its counter price. A 22K (22 carat) ornament is quoted at the 22 carat metal rate, then making charges are added — a percentage of the metal value or a fixed amount per gram — along with wastage, the value of stones, hallmarking, and 3% GST on the total. Two shops quoting different totals on the same day are almost always differing on making, not on metal.

What to ask for. A proper tax invoice shows the metal rate, the net weight, making charges, stone value and GST as separate lines, with the BIS hallmark and HUID for every hallmarked piece. If a bill shows one lump sum, ask for the breakup — you are entitled to it.

Questions about the silver rate in Ratlam.

What is the silver rate today in Ratlam?

The live silver rate in Ratlam is shown at the top of this page per gram, per 100 grams and per kilogram, refreshed every minute during market hours. It is the 999 fine silver bullion rate before GST.

Is silver priced per gram or per kilogram in India?

The trade quotes silver per kilogram — a bullion dealer's board will read something like ₹2,33,800 per kg. Retail buyers usually see a per-gram figure for small articles. Both are on this page; they are the same number scaled by a thousand.

What is 999 silver?

999 is fine silver, 99.9% pure, and is what bars, coins and the bullion rate refer to. Most silver jewellery and articles are made from 925 sterling silver (92.5% pure), which is harder and holds its shape; utensils and payal are often somewhere in between, so ask for the purity in writing.

Is GST charged on silver?

Yes — 3% GST applies to silver jewellery, coins and bars, the same as gold, and 5% on making charges billed separately. The rate on this page is before tax.

Why does the silver rate move more sharply than gold?

Silver is a much smaller market than gold and has heavy industrial demand — solar panels, electronics and electrical contacts — so it reacts to both investment sentiment and industrial cycles. Day-to-day percentage swings are routinely two to three times gold's.

What rate do I get when selling old silver?

Silver is bought back against the fine (999) rate adjusted for tested purity, less a refining deduction that is proportionally larger than gold's because silver is worth less per gram to process. Articles with enamel, stones or lac filling are weighed net of the filling.

Before you buy.

The rate above is the metal only. These explain the rest of the bill.

You're a jeweller? This rate can fill your bills.

24K Solutions is billing and accounting software for Indian jewellers that runs on your own shop PC — offline, with your data on your machine. The same live board you just read drops straight into every invoice, so the bill is priced at today's rate without anyone typing it in.

See how it worksFree 15-day trial

Rates on this page are indicative bullion rates sourced from the MCX-linked market and published for information only. They exclude GST, making charges, wastage and hallmarking, and are not an offer to buy or sell metal at these prices. Your jeweller's counter rate is their own. 24K Solutions does not deal in bullion — verify the rate with your jeweller before any transaction.