Punjab & Haryana · 31 October 2026 · 12:18 AM IST
| Weight | Base Price | Incl. GST (3%) | 925 Sterling |
|---|---|---|---|
| 1 Gram | ₹209.79 | ₹216.08 | ₹194.06 |
| 5 Grams | ₹1,048.95 | ₹1,080.42 | ₹970.28 |
| 10 Grams | ₹2,097.90 | ₹2,160.84 | ₹1,940.56 |
| 1 Tola (11.66g) | ₹2,446.95 | ₹2,520.36 | ₹2,263.43 |
| 100 Grams | ₹20,979.00 | ₹21,608.37 | ₹19,405.58 |
| 500 Grams | ₹104,895.00 | ₹108,041.85 | ₹97,027.88 |
| 1 Kilogram | ₹209,790 | ₹216,084 | ₹194,056 |
| 1 Troy Oz | ₹6,525.20 | ₹6,720.96 | ₹6,035.81 |
The silver price in Chandigarh has experienced a notable rise today, increasing by Rs.0.88/gram to Rs.209.79/gram. This surge is attributed to strong local demand, particularly festive demand, coupled with favorable global trends. Internationally, the US Federal Reserve’s interest rate hike and the strengthening USD/INR exchange rate are contributing to the overall precious metals rally. In India, the Multi Commodity Exchange (MCX) prices are also showing an upward trend, reflecting the broader sentiment in the market.
Global macroeconomic factors such as the US Federal Reserve’s interest rate hikes and a strengthening USD/INR exchange rate are contributing to the rise in silver prices. The US dollar’s strength makes precious metals like silver more expensive for Indian buyers, thereby driving demand. Additionally, the Indian Bureau of Indian Jewellers and Artisans (IBJA) rates have also been trending upwards, aligning with international trends. However, local factors like festive demand and import duties, which can be influenced by the monsoon outlook, play a crucial role in determining the price trajectory. These domestic factors can either support or dampen the international trends, making the price movement in Chandigarh more nuanced.
For local consumers in Chandigarh, it’s advisable to choose silver products that carry the BIS hallmark, ensuring purity and quality. Investors should consider both physical silver and paper silver (ETF options) to diversify their portfolio. Physical silver should be bought from reputable jewelers and bullion dealers to avoid counterfeit pieces. Paper silver, through ETFs, offers a low-cost entry and liquidity advantage. Investors should monitor both the global and local market trends to make informed decisions.
To securely buy physical silver, consumers should visit authorized jewelers or bullion dealers in Chandigarh. It’s essential to verify the BIS hallmark on the product. For buying paper silver, investors can open an account with a broker or directly with a bullion exchange that offers ETF options. Secure transactions and understanding the associated fees are crucial. For detailed information, consumers can consult the official websites of the respective bullion exchanges or seek expert advice from financial advisors.