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About DailySilverPrice.today

Empowering Indian consumers, investors, and jewelry buyers with transparent, real-time precious metals intelligence.

1. Our Mission

Silver is deeply intertwined with Indian culture, weddings, festivals, and long-term wealth preservation. However, retail jewelry pricing in India is often opaque due to varied making charges, wastage margins, and changing GST rules. Our mission at DailySilverPrice.today is to provide 100% transparent, real-time benchmark rates across 238+ Indian districts, paired with instant bill calculation tools to protect buyers from overpaying.

2. Data Sources & Pricing Methodology

Our benchmark prices are tracked continuously during market hours (9:30 AM to 6:00 PM IST) using multi-source verification:

• IBJA Benchmarks: Opening and closing rates from the India Bullion and Jewellers Association.
• MCX Spot & Futures: Multi Commodity Exchange domestic spot benchmark rates.
• Local Sarafa Associations: City-specific market differentials across 238+ major districts including Bangalore, Chennai, Mumbai, Delhi, and Hyderabad.
• BIS Hallmarking Standards: Official purity benchmarks for 999 Fine Silver (99.9% pure), 925 Sterling Silver (92.5%), 900 Coin Silver (90.0%), and 800 Silver (80.0%).

3. Our Tools & Features

• Jewelry Bill Calculator: Calculates gross price, custom making charges (6% to 14%), store discounts, and mandatory 3% GST.
• Gold to Silver Ratio (GSR): Live ratio tracking relative valuation between gold and silver bullion.
• City-Level Tracking: Dedicated price tracking for 238+ Tier 1, 2, and 3 districts across all Indian states.

4. Editorial Integrity & Independence

DailySilverPrice.today operates as an independent informational platform. We do not sell physical jewelry, take commissions on store sales, or provide financial advisory services. All algorithms and price datasets are updated programmatically to maintain complete neutrality.