Dadra & Nagar Haveli and Daman & Diu · 31 October 2026 · 12:18 AM IST
| Weight | Base Price | Incl. GST (3%) | 925 Sterling |
|---|---|---|---|
| 1 Gram | ₹209.58 | ₹215.87 | ₹193.86 |
| 5 Grams | ₹1,047.90 | ₹1,079.34 | ₹969.31 |
| 10 Grams | ₹2,095.80 | ₹2,158.67 | ₹1,938.62 |
| 1 Tola (11.66g) | ₹2,444.50 | ₹2,517.84 | ₹2,261.16 |
| 100 Grams | ₹20,958.00 | ₹21,586.74 | ₹19,386.15 |
| 500 Grams | ₹104,790.00 | ₹107,933.70 | ₹96,930.75 |
| 1 Kilogram | ₹209,580 | ₹215,867 | ₹193,862 |
| 1 Troy Oz | ₹6,518.67 | ₹6,714.23 | ₹6,029.77 |
Today, silver prices in Daman increased by Rs.0.56/gram to Rs.209.58/gram, driven by global market trends and local demand. This rise is partly attributed to the recent strengthening of the US dollar against the Indian rupee and positive COMEX trends, which have boosted international silver prices. Additionally, festive demand in the region and expectations of a favorable monsoon outlook are also contributing to higher local prices.
The rise in silver prices in Daman is largely influenced by global macroeconomic factors such as the strengthening USD/INR exchange rate and the US Federal Reserve's tightening monetary policy, which can lead to higher import costs and reduced demand for silver in India. However, local factors, including the rising prices on the Multi Commodity Exchange (MCX) and the impact of import duties, are also significant. Furthermore, the festive season and expectations of a good monsoon are likely to boost domestic demand, leading to higher local prices.
Local consumers in Daman should consider purchasing silver when the price is within their budget and aligns with their investment goals. It is crucial to buy from reputable dealers that adhere to BIS hallmark standards to ensure the purity and quality of the silver. For those interested in long-term investment, investing in silver ETFs can be a viable option. These ETFs track the price of silver and provide flexibility and convenience in managing investments.
To securely buy physical silver or paper silver in Daman, consumers should first research and select a reputable dealer or a licensed bullion shop. Ensure that the dealer is BIS hallmark certified and has a good track record. For paper silver, consider buying through regulated platforms or exchanges like the MCX. Follow the dealer's instructions for payment and delivery processes. It is also advisable to keep records of your purchase for future reference and potential tax purposes.