Nagaland · 31 October 2026 · 12:18 AM IST
| Weight | Base Price | Incl. GST (3%) | 925 Sterling |
|---|---|---|---|
| 1 Gram | ₹212.10 | ₹218.46 | ₹196.19 |
| 5 Grams | ₹1,060.50 | ₹1,092.32 | ₹980.96 |
| 10 Grams | ₹2,121.00 | ₹2,184.63 | ₹1,961.93 |
| 1 Tola (11.66g) | ₹2,473.89 | ₹2,548.11 | ₹2,288.35 |
| 100 Grams | ₹21,210.00 | ₹21,846.30 | ₹19,619.25 |
| 500 Grams | ₹106,050.00 | ₹109,231.50 | ₹98,096.25 |
| 1 Kilogram | ₹212,100 | ₹218,463 | ₹196,192 |
| 1 Troy Oz | ₹6,597.05 | ₹6,794.96 | ₹6,102.27 |
Today, silver prices in Kohima fell by Rs.1.4/gram to Rs.212.1/gram. This decline reflects a combination of global and domestic factors. The reduction in prices may be attributed to a slight easing in US Federal Reserve interest rates, which could ease global liquidity and reduce the demand for precious metals as a safe-haven asset. Additionally, the depreciating USD/INR exchange rate makes silver less expensive for Indian buyers, likely contributing to a slight dip in prices. Domestic factors such as the ongoing festive season and favorable BIS hallmark standards are expected to boost local demand, but these are being counterbalanced by increased import duties, which reduce the attractiveness of imported silver. The monsoon outlook remains favorable, which could also positively influence local consumption.
Global macroeconomic drivers such as the depreciating USD/INR exchange rate have made silver more affordable for Indian consumers, potentially influencing local prices. However, the US Federal Reserve's decision to ease interest rates could also impact the demand for precious metals as investors seek lower-cost alternatives. On the international front, there is a significant focus on the demand for silver from India, which is heavily influenced by the country's industrial and jewelry sectors. Domestically, factors such as the Indian Bullion and Jewellers Association (IBJA) rates and the festive season are driving local demand, while increased import duties are dampening the appeal of imported silver. The monsoon season, which is crucial for agricultural activities and related expenditures, could also have a positive impact on silver consumption, as it often correlates with increased spending on non-essential goods and services.
For local consumers in Kohima, it's advisable to consider the BIS hallmark standards when purchasing silver to ensure quality and authenticity. Investors should also keep an eye on the MCX (Multi Commodity Exchange of India Limited) prices, which can provide insights into market sentiment and potential price trends. Given the current market conditions, a balanced approach combining physical silver purchases and ETF investments could be beneficial. ETFs offer a secure, liquid, and cost-effective way to invest in silver without the need for physical storage or handling. It is crucial to monitor the festive demand and the impact of import duties on prices to make informed purchasing decisions.
To securely buy physical silver or paper silver in Kohima, start by identifying reputable jewelers or bullion dealers who comply with BIS hallmark standards. For buying physical silver, it's essential to compare prices across different vendors to ensure you get the best deal. For paper silver, consider investing in ETFs through a registered broker or online trading platform. Ensure to securely store any physical silver and keep all relevant documents for future reference. Always verify the authenticity and purity of the silver before making a purchase, and stay updated with local market trends and government policies to make informed decisions.