Silver Mini Price in India Falls 5.1% to USD 2,307,198/tonne

Silver Mini in India was quoted at USD 2,307,198/tonne as of 2026-09-30, a weekly fall of 5.1% from USD 2,431,666/tonne on 2026-09-23. The monthly change was -7.3% from USD 2,488,767/tonne on 2026-08-31, and the price is down 3.7% for the quarter from USD 2,396,260/tonne on 2026-07-02. Year on year, the commodity is up 44.4% from USD 1,598,257/tonne on 2025-09-30.

The 52-week high stands at USD 4,133,952/tonne, reached on 2026-01-29, and the 52-week low of USD 1,598,257/tonne was set on 2025-09-30.

Trade policy has shaped Indian conditions this year. The Times of India reported on 2026-05-17 that India tightened silver import rules by requiring prior authorization for most forms and adding silver grain and powder to the restricted category. On 2026-09-29, CNBC TV18 reported that India raised the import duty on silver from 6% to 15% to address duty arbitrage and protect foreign exchange reserves.

Reporting from Bloomberg on 2026-08-17 noted that Indian traders and banks secured new import licenses to navigate administrative hurdles and resume shipments. Separately, The Times of India reported on 2026-09-04 that Indian bullion dealers and refiners placed orders for 2,000 tonnes of silver currently in transit, creating potential inventory buildup.