Puducherry · 16 September 2026 · 12:17 AM IST
| Weight | Base Price | Incl. GST (3%) | 925 Sterling |
|---|---|---|---|
| 1 Gram | ₹246.22 | ₹253.61 | ₹227.75 |
| 5 Grams | ₹1,231.10 | ₹1,268.03 | ₹1,138.77 |
| 10 Grams | ₹2,462.20 | ₹2,536.07 | ₹2,277.53 |
| 1 Tola (11.66g) | ₹2,871.86 | ₹2,958.02 | ₹2,656.47 |
| 100 Grams | ₹24,622.00 | ₹25,360.66 | ₹22,775.35 |
| 500 Grams | ₹123,110.00 | ₹126,803.30 | ₹113,876.75 |
| 1 Kilogram | ₹246,220 | ₹253,607 | ₹227,754 |
| 1 Troy Oz | ₹7,658.30 | ₹7,888.05 | ₹7,083.93 |
The rise in silver prices in Puducherry today can be attributed to a combination of global and domestic factors. The international demand for precious metals, coupled with a strengthening USD/INR exchange rate and rising US Federal Reserve interest rates, has contributed to the upward trend. Internally, the MCX prices have also shown an upward trajectory, and the festive season is expected to boost consumer demand. Additionally, the impact of import duties and the monsoon outlook are closely monitored, with current favorable weather conditions potentially reducing the import dependency on foreign silver.
Global macroeconomic factors such as the USD/INR exchange rate and US Federal Reserve monetary policy have a significant impact on the silver market. A stronger USD tends to increase the price of silver for Indian buyers, as it becomes more expensive when converted from Indian Rupees. The US Fed’s interest rate hikes can also influence demand, as higher rates can increase the appeal of gold as a hedge against inflation. However, domestic factors such as MCX prices and festive demand play a crucial role. The Indian Bullion and Jewellers Association (IBJA) rates and import duties further complicate the market, with the latter potentially impacting the supply chain and ultimately the retail price in Puducherry.
For local consumers in Puducherry, it's advisable to buy silver that meets BIS hallmark standards to ensure purity and quality. Investors should consider diversifying their portfolio with physical silver and silver-related ETFs. During the festive season, it’s a good time to buy as demand is typically higher, but it’s also wise to monitor the market for any signs of a price correction. For those considering paper silver, this option offers flexibility and lower entry points, making it a viable alternative for investors looking to avoid the complexities of physical silver.
To securely buy physical silver or paper silver in Puducherry, start by choosing a reputable dealer or a trusted online platform that complies with BIS standards. For physical silver, ensure you inspect the purity and hallmark before making a purchase. For paper silver, verify the platform’s reliability and read the terms and conditions. Always consider the current market trends and your financial goals before making a purchase. Lastly, keep records of your transactions and be aware of any applicable taxes or fees.