Ladakh · 16 September 2026 · 12:17 AM IST
| Weight | Base Price | Incl. GST (3%) | 925 Sterling |
|---|---|---|---|
| 1 Gram | ₹247.94 | ₹255.38 | ₹229.34 |
| 5 Grams | ₹1,239.70 | ₹1,276.89 | ₹1,146.72 |
| 10 Grams | ₹2,479.40 | ₹2,553.78 | ₹2,293.45 |
| 1 Tola (11.66g) | ₹2,891.92 | ₹2,978.68 | ₹2,675.03 |
| 100 Grams | ₹24,794.00 | ₹25,537.82 | ₹22,934.45 |
| 500 Grams | ₹123,970.00 | ₹127,689.10 | ₹114,672.25 |
| 1 Kilogram | ₹247,940 | ₹255,378 | ₹229,344 |
| 1 Troy Oz | ₹7,711.80 | ₹7,943.15 | ₹7,133.42 |
Today's rise in silver prices in Leh to Rs.247.94/gram is likely driven by a combination of global and local factors. The price hike follows the recent uptick in international silver prices, as indicated by COMEX trends. Additionally, the rising demand ahead of festive seasons and the impact of lower import duties may have contributed to this movement. However, the local price remains influenced by the steady MCX prices and the current IBJA rates, which provide a stable benchmark for Leh's market players.
Global macroeconomic drivers are playing a significant role in today's price movements. The US Federal Reserve's interest rate hikes continue to influence the USD/INR exchange rate, with a stronger USD typically pushing up the price of imported commodities like silver. The recent rise in COMEX silver prices reflects global demand and supply dynamics, which can affect Indian prices. On the local front, factors such as IBJA rates and the festive demand are adding to the local price pressures, while the ongoing monsoon outlook will play a crucial role in the overall demand patterns for precious metals this year.
For local consumers in Leh, it is advisable to buy silver from reliable sources that adhere to BIS hallmark standards to ensure the purity and authenticity of the metal. Given the current market landscape, a diversified approach combining both physical silver and silver ETFs might be beneficial. Physical silver can offer short-term price protection and investment opportunities, while ETFs provide a smoother investment route with lower transaction costs. Always consider the impact of current tax and duty structures on your investment strategy.
To securely buy physical silver or paper silver in Leh, start by researching reputable dealers and jewelers. Ensure they have valid BIS hallmarks for physical silver purchases. For paper silver, select a reliable broker or platform that offers competitive rates and secure storage. When buying, consider the current market trends and your investment goals to make an informed decision. Always verify the terms and conditions of any investment before proceeding.