Manipur · 31 October 2026 · 01:51 PM IST
| Weight | Base Price | Incl. GST (3%) | 925 Sterling |
|---|---|---|---|
| 1 Gram | ₹201.80 | ₹207.85 | ₹186.67 |
| 5 Grams | ₹1,009.00 | ₹1,039.27 | ₹933.33 |
| 10 Grams | ₹2,018.00 | ₹2,078.54 | ₹1,866.65 |
| 1 Tola (11.66g) | ₹2,353.75 | ₹2,424.36 | ₹2,177.22 |
| 100 Grams | ₹20,180.00 | ₹20,785.40 | ₹18,666.50 |
| 500 Grams | ₹100,900.00 | ₹103,927.00 | ₹93,332.50 |
| 1 Kilogram | ₹201,800 | ₹207,854 | ₹186,665 |
| 1 Troy Oz | ₹6,276.69 | ₹6,464.99 | ₹5,805.94 |
Today's decline in silver prices in Imphal to Rs.201.8/gram reflects a decrease of Rs.0.91/gram. The local market sentiment is cautious, as domestic factors such as the MCX price fluctuation and the Indian Bullion and Jewellers Association (IBJA) rate adjustments continue to impact pricing. However, the recent fall could be influenced by global trends, including the USD/INR exchange rate and the Federal Reserve's interest rate decisions, which may dampen international demand for silver in India.
Global macroeconomic drivers, such as the USD/INR exchange rate, play a significant role in the Indian silver market. With the USD strengthening, it increases the cost for Indian buyers, potentially reducing demand. Additionally, the Federal Reserve's monetary policy, particularly interest rate hikes, can decrease inflationary pressures, leading to a reduction in speculative demand for precious metals. However, Indian domestic factors like the MCX price, IBJA rates, festive demand, and import duty impacts, especially with the upcoming monsoon season, will continue to influence local supply and demand dynamics, contributing to price volatility.
For local consumers in Imphal, it's advisable to stay updated on BIS hallmark standards to ensure the purity of the silver products. Consider a balanced approach to both physical and paper silver investments, as ETFs can offer diversification and flexibility. When buying, look for reputable dealers who adhere to BIS standards and offer competitive rates. Diversify your investment portfolio to mitigate risks, and consider long-term holding strategies to benefit from potential price appreciation.
To securely buy physical silver or paper silver in Imphal, follow these steps: First, research and identify reputable dealers who adhere to BIS hallmark standards. Second, compare prices from multiple sources to ensure you are getting the best deal. Third, if buying physical silver, inspect the product for quality and purity before finalizing the purchase. For paper silver, ensure the investment platform is regulated and secure. Finally, keep all purchase documents and consider consulting with a financial advisor to tailor your investment strategy.