Uttar Pradesh · 31 October 2026 · 12:18 AM IST
| Weight | Base Price | Incl. GST (3%) | 925 Sterling |
|---|---|---|---|
| 1 Gram | ₹210.21 | ₹216.52 | ₹194.44 |
| 5 Grams | ₹1,051.05 | ₹1,082.58 | ₹972.22 |
| 10 Grams | ₹2,102.10 | ₹2,165.16 | ₹1,944.44 |
| 1 Tola (11.66g) | ₹2,451.85 | ₹2,525.41 | ₹2,267.96 |
| 100 Grams | ₹21,021.00 | ₹21,651.63 | ₹19,444.42 |
| 500 Grams | ₹105,105.00 | ₹108,258.15 | ₹97,222.12 |
| 1 Kilogram | ₹210,210 | ₹216,516 | ₹194,444 |
| 1 Troy Oz | ₹6,538.27 | ₹6,734.42 | ₹6,047.90 |
Today, the silver price in Lucknow saw a slight fall of Rs.0.36/gram to Rs.210.21/gram. This decline could be influenced by a combination of factors, including a potential softening of demand ahead of the festive season and broader global economic sentiments. Local market sentiment remains cautious, with traders monitoring both domestic and international cues for further price direction.
Global macroeconomic drivers such as the USD/INR exchange rate and US Federal Reserve monetary policy continue to impact silver prices. A stronger USD generally makes silver more expensive for Indian buyers, potentially dampening demand. Additionally, the US Fed’s interest rate decisions can influence capital flows and investor sentiment globally, affecting silver prices. Internationally, strong demand for silver, particularly in manufacturing and technology sectors, contrasts with domestic factors like MCX silver prices and the impact of import duties, which can influence local prices and market sentiment.
For local consumers in Lucknow, it is advisable to keep an eye on BIS hallmark standards when purchasing silver to ensure purity. Investment strategies should consider both spot prices and futures markets, especially given the current price volatility. ETF options like silver-focused ETFs can provide a way to invest without physical storage concerns. Always research and consult with a trusted financial advisor before making significant investment decisions.
To securely buy physical silver or paper silver in Lucknow, first identify a reputable dealer or platform known for BIS hallmarking and customer satisfaction. Next, review the latest market prices and compare with other sellers to get the best deal. For physical purchases, ensure the transaction is conducted in a secure environment and that you receive a receipt or invoice. For paper silver, ensure the platform is regulated and has a good reputation. Lastly, consider investing in a diversified portfolio to manage risk.