Archive · 20 Jun 2025
GST on Silver in India: Details on Taxes and Investments
In India, when you buy silver, you pay a 3% tax on its value.
If you're buying silver jewellery, you pay an extra 18% tax on the cost of making the jewellery.
If you sell the silver later, the tax doesn't apply.
The government doesn't charge tax on gold, silver, and platinum that is being sent to other countries to promote trade.
Silver is popular for gifts and in traditions.
You can invest in silver through jewellery, coins, digital formats, or ETFs, which track silver's market price.
GST on silver in India is 3% of its value, while jewellery making charges attract an additional 18% GST.
The GST Council has waived GST on exports of gold, silver, and platinum to encourage overseas trade.
Silver has cultural significance in India and is used in traditions and as gifts.
Common methods of investing in silver include silver jewellery, coins/bars, e-silver, and ETFs.
Silver ETFs primarily invest in physical silver or related instruments.
- Who
- The GST Council and consumers in India.
- What
- Information about GST on silver in India.
- When
- Published on June 20, 2025.
- Where
- India.
- Why
- To inform people about the tax rules related to buying and selling silver.
- GST on Silver
- 3%
- GST on Jewellery Making
- 18%
- GST on Silver Exports
- Waived
- Investment Options
- Silver Jewellery, Coins/Bars, E-Silver, ETFs