Gold-silver ratio at 71.9, above 58% of days since 2000

The ratio today

On 21 October 2026 the database's India rate for gold was ₹12,583 per gram and for silver ₹174.91 per gram. Dividing one by the other gives a gold-silver ratio of 71.9: it takes about 72 grams of silver to match one gram of gold.

The ratio matters only as a gauge of relative price. When it rises, gold has gained on silver (or silver has lost to gold); when it falls, silver has done better. It says nothing on its own about which metal is cheap in absolute terms.

Against 6,554 readings

The database holds daily rupee rates for both metals from 30 August 2000. Computing the ratio for every day with both prices gives 6,554 readings:

Today's 71.9 is a little above the mean and median. 57.9% of the daily readings since 2000 were lower, so the ratio is neither stretched nor compressed against its own history.

At the low in April 2011, gold was ₹2,147 per gram and silver ₹67.11; the 2020 peak was recorded on 18 March 2020.

The last ten years

In 2018, 2019, 2022, 2023 and 2024 the year's lowest reading was still above 72. That broke in 2025, which touched 105.4 on 21 April and closed at 61.9. In 2026 the lowest reading was 44.2 on 26 January, the lowest in the table above. Since then the ratio has climbed back.

Through 2026

The ratio has risen at each quarter-end this year. The 14 October reading of 73.9 was the highest of 2026; seven sessions later it had eased to 71.9, meaning silver gained slightly on gold over those days.

For the month-by-month levels of each metal, see gold and silver month by month in 2026 and the twelve-month rupee view. The earlier gold-silver ratio post covers the first half of the year.

What the number does and does not tell you

• It is a rupee ratio. Both rates are India prices, so duty and currency effects sit in both numerators and largely cancel, but it need not match a dollar-spot ratio to the decimal.
• A reading near the median is not a signal. Mean reversion in a ratio is a hypothesis, not a promise: the 2018–2024 stretch above 75 lasted years.
• Funds differ from metal. Gold and silver fund-of-funds carry expense ratios and tracking differences; see the gold FoF returns and silver FoF returns posts for their one- and three-year numbers.

The live prices and the ratio chart are on the gold and silver pages of the site. All figures are as of 21 October 2026, taken from the WealthTicker database, and are commentary, not a view on direction.