Punjab & Haryana · 16 September 2026 · 12:17 AM IST
| Weight | Base Price | Incl. GST (3%) | 925 Sterling |
|---|---|---|---|
| 1 Gram | ₹244.75 | ₹252.09 | ₹226.39 |
| 5 Grams | ₹1,223.75 | ₹1,260.46 | ₹1,131.97 |
| 10 Grams | ₹2,447.50 | ₹2,520.93 | ₹2,263.94 |
| 1 Tola (11.66g) | ₹2,854.72 | ₹2,940.36 | ₹2,640.62 |
| 100 Grams | ₹24,475.00 | ₹25,209.25 | ₹22,639.38 |
| 500 Grams | ₹122,375.00 | ₹126,046.25 | ₹113,196.88 |
| 1 Kilogram | ₹244,750 | ₹252,092 | ₹226,394 |
| 1 Troy Oz | ₹7,612.58 | ₹7,840.96 | ₹7,041.64 |
The rise in silver prices in Chandigarh today to Rs.244.75/gram is a result of a combination of factors. Firstly, the local market saw an increase in demand, likely due to approaching festive seasons, which traditionally boost demand. Additionally, international factors such as the strengthening of the USD/INR exchange rate and rising US Federal Reserve interest rates have also played a role. However, domestic factors like the MCX prices and Indian Bullion and Jewellers Association (IBJA) rates have remained relatively stable, indicating a mixed sentiment among traders and consumers.
Global macroeconomic drivers are shaping the silver market. The strengthening USD/INR exchange rate has made silver more expensive for Indian buyers, potentially dampening demand. Meanwhile, rising US Federal Reserve interest rates could lead to a redirection of capital from commodities to safer assets like cash or bonds. However, on the local front, the MCX prices have shown some stability, and there is optimism due to anticipated festive demand. The impact of import duties and the monsoon outlook, which affect supply and logistics, are additional factors that could influence future price movements.
For local consumers in Chandigarh, it is advisable to purchase from reputable jewelers that adhere to BIS hallmark standards to ensure the authenticity of silver products. Investors might consider diversifying their portfolio with physical silver or silver ETFs, which offer flexibility and ease of trading. During festive seasons, there is a surge in demand, so it’s best to buy ahead to avoid shortages. Regularly monitoring MCX prices and IBJA rates can help in making informed decisions about when to buy or sell.
To buy silver safely in Chandigarh, first, identify a trusted and licensed jeweler or dealer. Check if the silver is BIS hallmarked to ensure quality. For buying physical silver, inquire about payment options and delivery methods. For paper silver, consider investing in silver ETFs or future contracts through a broker. Always review terms and conditions, and ensure the security of your transaction and the storage of your silver.