Dadra & Nagar Haveli and Daman & Diu · 16 September 2026 · 12:17 AM IST
| Weight | Base Price | Incl. GST (3%) | 925 Sterling |
|---|---|---|---|
| 1 Gram | ₹244.51 | ₹251.85 | ₹226.17 |
| 5 Grams | ₹1,222.55 | ₹1,259.23 | ₹1,130.86 |
| 10 Grams | ₹2,445.10 | ₹2,518.45 | ₹2,261.72 |
| 1 Tola (11.66g) | ₹2,851.92 | ₹2,937.48 | ₹2,638.03 |
| 100 Grams | ₹24,451.00 | ₹25,184.53 | ₹22,617.17 |
| 500 Grams | ₹122,255.00 | ₹125,922.65 | ₹113,085.88 |
| 1 Kilogram | ₹244,510 | ₹251,845 | ₹226,172 |
| 1 Troy Oz | ₹7,605.12 | ₹7,833.27 | ₹7,034.74 |
Today, silver prices in Daman fell by Rs.0.33/gram to Rs.244.51/gram, indicative of a downward trend in the market. This decline can be attributed to the overall global economic sentiment, which has led to a shift in investment preferences towards safer assets due to ongoing geopolitical tensions. Additionally, a slight drop in local demand due to a subdued festive season has also contributed to the price reduction.
Global macroeconomic factors, such as the US Federal Reserve's interest rate decisions and the USD/INR exchange rate, continue to influence silver prices. High interest rates in the US make gold and silver more attractive as a hedge against inflation, potentially boosting international demand. However, the current USD/INR exchange rate remains favorable for Indian buyers, making silver relatively cheaper. Domestically, MCX prices and IBJA rates are closely watched, but festive demand and import duties have shown a slight decline, dampening local price pressures.
For local consumers in Daman, it is advisable to stay updated on BIS hallmark standards to ensure authenticity and quality. Consider diversifying your investment portfolio by combining physical silver with paper silver through ETFs. Physical silver can be purchased from licensed dealers or through trusted online platforms, while ETFs offer a more convenient and liquid option for those seeking exposure to the metal without the need for physical storage.
To securely buy physical silver or paper silver in Daman, start by researching licensed dealers and comparing their prices. Verify that the silver meets BIS hallmark standards for purity. For buying paper silver, consider reputable online platforms or financial institutions that offer ETF options. Always ensure to use secure payment methods and complete the transaction through a trusted channel to protect your investment.