Uttar Pradesh · 16 September 2026 · 12:17 AM IST
| Weight | Base Price | Incl. GST (3%) | 925 Sterling |
|---|---|---|---|
| 1 Gram | ₹245.24 | ₹252.60 | ₹226.85 |
| 5 Grams | ₹1,226.20 | ₹1,262.99 | ₹1,134.24 |
| 10 Grams | ₹2,452.40 | ₹2,525.97 | ₹2,268.47 |
| 1 Tola (11.66g) | ₹2,860.43 | ₹2,946.24 | ₹2,645.90 |
| 100 Grams | ₹24,524.00 | ₹25,259.72 | ₹22,684.70 |
| 500 Grams | ₹122,620.00 | ₹126,298.60 | ₹113,423.50 |
| 1 Kilogram | ₹245,240 | ₹252,597 | ₹226,847 |
| 1 Troy Oz | ₹7,627.82 | ₹7,856.65 | ₹7,055.73 |
Today's rise in silver prices in Lucknow by Rs.1.31/gram to Rs.245.24/gram can be attributed to robust local demand, particularly in anticipation of festive occasions. The market sentiment remains positive, with traders and consumers showing increased interest, possibly due to better-than-expected economic indicators and a stable local exchange rate. This increase follows a period of stability and reflects a growing appetite for precious metals as a safe-haven asset.
Global macroeconomic factors, such as the US Federal Reserve's interest rate decisions and fluctuations in the USD/INR exchange rate, continue to influence silver prices. A stable USD/INR rate supports local demand, while US Fed rate hikes can impact international demand for precious metals. Additionally, international COMEX trends and the ongoing trade dynamics between India and other silver-exporting countries play a crucial role. On the domestic front, MCX silver prices and Indian Bullion Jewellers Association (IBJA) rates are closely aligned with global trends but are also influenced by local festive demand and import duties, which can affect supply and demand dynamics.
Local consumers in Lucknow should consider silver investments that meet BIS hallmark standards to ensure the purity and quality of their purchases. For those looking to invest, diversifying across different asset classes is recommended to manage risks. Paper silver options through ETFs can provide a convenient and risk-limited alternative. Consumers should also track global and local market trends to make informed decisions, balancing the benefits of physical silver with the liquidity of ETFs.
To securely buy physical silver in Lucknow, consumers should visit reputable dealers and ensure the silver meets BIS standards. For buying paper silver, they can open an account with a reputable broker and follow the trading platform's instructions to purchase ETFs. Regardless of the method, it is crucial to verify the authenticity and purity of the silver and to keep records for future reference. Additionally, consumers should consider the impact of import duties and exchange rates on the final cost.