Gujarat · 16 September 2026 · 12:17 AM IST
| Weight | Base Price | Incl. GST (3%) | 925 Sterling |
|---|---|---|---|
| 1 Gram | ₹244.26 | ₹251.59 | ₹225.94 |
| 5 Grams | ₹1,221.30 | ₹1,257.94 | ₹1,129.70 |
| 10 Grams | ₹2,442.60 | ₹2,515.88 | ₹2,259.41 |
| 1 Tola (11.66g) | ₹2,849.00 | ₹2,934.47 | ₹2,635.33 |
| 100 Grams | ₹24,426.00 | ₹25,158.78 | ₹22,594.05 |
| 500 Grams | ₹122,130.00 | ₹125,793.90 | ₹112,970.25 |
| 1 Kilogram | ₹244,260 | ₹251,588 | ₹225,940 |
| 1 Troy Oz | ₹7,597.34 | ₹7,825.26 | ₹7,027.54 |
Today, the silver price in Gandhinagar dropped by Rs.0.99/gram to Rs.244.26/gram, indicating a slight downward trend. This movement could be influenced by a combination of factors including the recent reduction in COMEX silver prices, a weakening USD/INR exchange rate, and potential adjustments in the Indian Bullion and Jewellers Association (IBJA) rates. The local market sentiment remains cautious, with traders and consumers awaiting further signals from global and domestic economic indicators before making significant moves.
Global macroeconomic factors are playing a crucial role in today's price movement. The USD/INR exchange rate's fluctuation impacts the cost of imported silver, affecting local prices. Additionally, the Federal Reserve's interest rate decisions continue to influence international silver prices, with higher interest rates typically reducing demand for silver as an alternative investment. On the domestic front, the MCX silver prices, which are closely watched by traders, are also a key indicator. Moreover, festive demand and the impact of import duties are expected to influence consumption patterns, while the monsoon outlook may indirectly affect the supply chain and storage logistics for silver.
For local consumers in Gandhinagar, it's advisable to consider the BIS hallmark standards when buying silver to ensure purity and authenticity. Given the current market conditions, investing in silver ETFs can be a strategic option for those looking to diversify their portfolio. For those preferring physical silver, it’s important to research the latest IBJA rates and consider the impact of festive demand. Monitoring global COMEX trends and local MCX prices can also provide valuable insights for making well-informed decisions.
To securely buy silver in Gandhinagar, first, choose a trusted jewelry store or a reputable bullion dealer. Check for the BIS hallmark on the silver to ensure purity. For paper silver, invest in reputable ETFs. Prioritize secure transactions and ensure you receive a proper receipt. For large purchases, it’s advisable to buy during the day when there is more foot traffic and oversight. Always verify the authenticity and purity of the silver before finalizing the purchase.