Gujarat · 31 October 2026 · 12:18 AM IST
| Weight | Base Price | Incl. GST (3%) | 925 Sterling |
|---|---|---|---|
| 1 Gram | ₹209.37 | ₹215.65 | ₹193.67 |
| 5 Grams | ₹1,046.85 | ₹1,078.26 | ₹968.34 |
| 10 Grams | ₹2,093.70 | ₹2,156.51 | ₹1,936.67 |
| 1 Tola (11.66g) | ₹2,442.05 | ₹2,515.31 | ₹2,258.90 |
| 100 Grams | ₹20,937.00 | ₹21,565.11 | ₹19,366.73 |
| 500 Grams | ₹104,685.00 | ₹107,825.55 | ₹96,833.62 |
| 1 Kilogram | ₹209,370 | ₹215,651 | ₹193,667 |
| 1 Troy Oz | ₹6,512.14 | ₹6,707.50 | ₹6,023.73 |
Today, silver prices in Gandhinagar have seen a modest increase of Rs.0.15/gram to Rs.209.37/gram. This movement can be attributed to a combination of global and local factors. Internally, there is a growing festive demand, which typically drives up prices around key Indian festivals. Externally, the USD/INR exchange rate and COMEX trends are also influencing the local market, with a strong USD generally leading to higher silver prices in India due to higher import costs. Additionally, the Indian Bureau of Indian Jewellery Association (IBJA) rates are in line with the rising trend, reflecting a positive market sentiment among retailers.
Global macroeconomic factors are playing a significant role in today's silver price movements. The US Federal Reserve's interest rate decisions continue to impact gold and silver prices, as higher interest rates make these assets less attractive in comparison to fixed-income securities. The USD/INR exchange rate is also a key factor; a stronger USD tends to increase the import costs for precious metals, which in turn raises domestic prices. On the domestic front, the Indian market is experiencing a surge in festive demand, particularly ahead of Diwali, which is boosting prices. However, import duties and the monsoon outlook could potentially dampen the impact of these factors, as they can influence the supply and cost of imported silver.
For local consumers in Gandhinagar, it's advisable to keep an eye on BIS hallmark standards to ensure the purity and quality of the silver you purchase. Given the current rising trends, it might be prudent to invest in physical silver or consider ETF options for diversification. Physical silver can be bought from reputable dealers or through recognized bullion exchanges, while ETFs offer a more liquid and accessible investment option. Always compare prices from different sources and consider purchasing during off-peak hours to secure better deals.
To securely buy physical silver or paper silver in Gandhinagar, first research and select a reputable dealer or bullion exchange. Verify the dealer’s credentials and check for customer reviews. Next, decide whether you want to buy physical silver bars or coins, ensuring they meet BIS hallmark standards. For paper silver, consider investing in silver ETFs. Once you have chosen your option, proceed to place your order through the dealer’s website or visit their physical store. For physical purchase, ensure the transaction is secure and the item is delivered to a secure location. For ETFs, follow the platform’s instructions to complete your investment. Finally, keep your receipt and any other documentation for future reference.