Andaman & Nicobar · 15 September 2026 · 09:47 AM IST
| Weight | Base Price | Incl. GST (3%) | 925 Sterling |
|---|---|---|---|
| 1 Gram | ₹248.57 | ₹256.03 | ₹229.93 |
| 5 Grams | ₹1,242.85 | ₹1,280.14 | ₹1,149.64 |
| 10 Grams | ₹2,485.70 | ₹2,560.27 | ₹2,299.27 |
| 1 Tola (11.66g) | ₹2,899.27 | ₹2,986.25 | ₹2,681.82 |
| 100 Grams | ₹24,857.00 | ₹25,602.71 | ₹22,992.73 |
| 500 Grams | ₹124,285.00 | ₹128,013.55 | ₹114,963.62 |
| 1 Kilogram | ₹248,570 | ₹256,027 | ₹229,927 |
| 1 Troy Oz | ₹7,731.40 | ₹7,963.34 | ₹7,151.55 |
Today, the silver price in Port Blair climbed to Rs.248.57/gram, reflecting a 0.44% increase from yesterday's close. This rise aligns with broader global trends, driven by factors such as rising interest rates in the US and strengthening demand, which have bolstered precious metals as safe-haven assets. Local sentiment remains positive, with festive demand anticipated to continue supporting silver prices in the short term.
The US Federal Reserve's ongoing tightening cycle is expected to support precious metals, including silver, as investors seek to hedge against inflation. The USD/INR exchange rate's current stability also contributes to the positive outlook, as a stronger USD generally benefits Indian investors looking to buy global commodities. However, domestic factors such as MCX prices and import duties play a crucial role, with lower import duties potentially making local silver more attractive. Festive demand in India is expected to further bolster silver prices, even as monsoon forecasts may impact logistics and supply chain efficiency.
For local consumers in Port Blair, it's advisable to consider BIS hallmark standards when purchasing physical silver to ensure authenticity. Investing in silver can be a prudent strategy, especially given the current market conditions. Options such as ETFs can also be considered for smaller, more liquid investments. Local residents should monitor MCX prices and silver import duties to identify favorable buying opportunities. Given the volatility, diversifying one's portfolio across different silver investment avenues is recommended.
To securely buy physical silver or paper silver in Port Blair, start by researching reputable dealers. Check for BIS hallmark standards to ensure the quality of physical silver. For paper silver, explore established brokerage platforms that offer ETF options. Ensure transactions are conducted through secure, certified channels to protect your investment. Always stay informed about market trends and local regulations to make informed decisions.