The value of silver has achieved historic highs and lows all within the final week of January 2026. According to stay charts, silver accomplished an unprecedented climb to approx. Rs3.5 lakhs for 1kg of tremendous silver, earlier than crashing down by 30%. The value of silver, as of 21th February 2026, is approx. Rs2.4 lakhs per 1kg and it stays in a fluctuating state.
Silver costs might be risky. For travellers, this decline is a reminder to verify native charges earlier than shopping for, whether or not you might be procuring within the United Kingdom, searching the Mexican markets or procuring in India.
Rules for bringing silver into India
According to the brand new Baggage Rules 2026, a feminine Indian citizen returning after spending greater than a yr overseas can convey jewelry of as much as 40gm with most worth of Rs1lakh with out paying any responsibility. This restrict goes all the way down to 20gm with most worth of Rs50,000 for male passengers. It is necessary to keep in mind that this weight restrict is a complete of any bought gold and silver jewelry you might be bringing into the nation.
In different instances, residents and individuals of Indian origin can convey as much as 10kg of silver into the nation by paying a 6% responsibility and 3% GST. Import of uncooked bullion stays restricted to banks. This data is topic to vary and it’s extremely suggested that you just recheck any data from official sources such because the official website of the Director General of Foreign Trade.
Each vacation spot around the globe costs silver otherwise. Below we’ve damaged down the present retail costs of 1kg of tremendous silver from key locations together with any customized guidelines that apply. The costs have been final checked on 21th February 2026 and it’s at all times instructed that you just confirm stay charges through dependable sources reminiscent of Kitco, SilverPrice.org, or native exchanges, as they fluctuate hourly.
Before you purchase
Always purchase from respected sellers, request itemised invoices, and declare high-value silver at India’s purple channel. For real-time costs, sources like SilverPrice.org, Kitco, and India’s IBJA are indispensable. With the appropriate paperwork and consciousness, your silver can return house easily as some other memento.
India
Price for 1kg: Rs2,46,740
In Mumbai’s Zaveri Bazaar and Delhi’s Karol Bagh, festivities enhance demand, particularly round Holi, driving costs greater. A 3% GST additionally provides to retail prices. In the case that you’re travelling overseas with silver, bear in mind to verify for the vacation spot’s customs guidelines and rules concerning entry of silver.
United States
Price for 1kg: $2,720 (Rs2,46,790)
New York’s Diamond District and sellers like JM Bullion supply silver cash and bars with modest premiums of 1–5% over spot charges. It is necessary to verify the supply of the silver in order that any sanctioned nations could also be prevented. At the suitable purple channels, bear in mind to declare your silver, validating it with invoices and purity certificates.
United Kingdom
Price for 1kg: £2,020 (Rs2,47,020)
London’s Hatton Garden blends heritage and bullion commerce. Jewellery designs cater to international tastes, although costs replicate the energy of the pound. The ordinary duty-free limits apply however when declaring bars or cash, high quality evaluation certificates are really useful, together with the opposite paperwork.
China
Price for 1kg: CNY 18,790 (Rs2,46,590)
Beijing’s conventional markets and the Shanghai Metals Market supply high-purity bars and ornate jewelry at costs carefully monitoring international charges. The customs guidelines at entry again into India apply.
Germany
Price for 1kg: €2,310 (Rs2,47,010)
Frankfurt’s bullion sellers reminiscent of Degussa are recognized to take care of silver cash and bars. Jewellery carries the next premium. The customs and declaration guidelines apply as ordinary, however remember to verify that EU restrictions on sanctioned silver align with Indian rules.
United Arab Emirates (UAE)
Price for 1kg: AED 9,990 (Rs2,46,810)
Dubai’s Gold Souk stays a traveller favorite, providing silver jewelry at near-spot costs in tax-free zones. The customized guidelines are unchanged, and any respected sellers within the UAE will present correct documentation, easing customs clearance in India.
Mexico
Price for 1kg: MXN 46,600 (Rs2,47,060)
In Mexico, locations like Arrendadora Central Coin in Plaza la Rosa or Bank of Mexico are vacationer favourites for silver jewelry and cash. The responsibility and declaration limits stay as ordinary nonetheless, it’s urged to purchase solely from established jewellers and banks.
Japan
Price for 1kg: ¥421,550 (Rs2,46,560)
Tokyo’s Ginza district affords minimalist silver jewelry and bullion, priced by means of the Tokyo Commodity Exchange. Japan’s strict sourcing requirements guarantee clean customs clearance in India, with the legitimate paperwork and declarations carried out on the purple channels.
Singapore
Price for 1kg: SGD 3,450 (Rs2,47,310)
In Singapore, it’s best to belief respected sellers like BullionStar, Silver Bullion. Prices are up to date on a regular basis, based mostly on London Bullion Market Association charges and worldwide spot costs. It stays necessary to declare silver with the suitable certificates and invoices.
