Meghalaya · 31 October 2026 · 12:18 AM IST
| Weight | Base Price | Incl. GST (3%) | 925 Sterling |
|---|---|---|---|
| 1 Gram | ₹211.68 | ₹218.03 | ₹195.80 |
| 5 Grams | ₹1,058.40 | ₹1,090.15 | ₹979.02 |
| 10 Grams | ₹2,116.80 | ₹2,180.30 | ₹1,958.04 |
| 1 Tola (11.66g) | ₹2,468.99 | ₹2,543.06 | ₹2,283.82 |
| 100 Grams | ₹21,168.00 | ₹21,803.04 | ₹19,580.40 |
| 500 Grams | ₹105,840.00 | ₹109,015.20 | ₹97,902.00 |
| 1 Kilogram | ₹211,680 | ₹218,030 | ₹195,804 |
| 1 Troy Oz | ₹6,583.99 | ₹6,781.51 | ₹6,090.19 |
Today, silver prices in Shillong saw a notable rise of Rs.0.14/gram to Rs.211.68/gram, reflecting a positive market sentiment. This increase could be attributed to a combination of global economic factors, including strengthening US dollar against the Indian rupee and rising international demand, alongside domestic factors such as festive demand and favorable MCX prices in Mumbai. Indian consumers are likely to see this price movement as an opportunity to invest, given the current market dynamics.
Global macroeconomic drivers are playing a significant role in today's silver market. The US Federal Reserve's interest rate hikes and the strengthening US dollar against the Indian rupee are influencing international demand for silver. Additionally, the trends on the COMEX, which are closely watched for global silver prices, are showing resilience. Domestically, the Indian Bullion and Jewellers Association (IBJA) rates and the MCX prices are aligning positively, indicating a supportive environment. The upcoming festive season is expected to boost demand, while import duties remain a key consideration for the overall market stability.
For local consumers in Shillong, it's important to consider BIS hallmark standards when purchasing silver to ensure quality and authenticity. Given the recent price rise, investing in physical silver or opting for silver ETFs could be a strategic approach. Physical silver offers tangible assets that can hedge against inflation, while ETFs provide a more liquid investment option with lower transaction costs. Both options should be carefully evaluated based on individual financial goals and risk tolerance.
To securely buy physical silver or paper silver in Shillong, consumers should follow these steps: first, choose a reputable dealer or retailer known for their compliance with BIS hallmark standards. Second, verify the market price and compare with other dealers to ensure a fair deal. For paper silver, invest through recognized and regulated platforms that offer transparent and secure options. Finally, always keep a digital or physical record of the transaction for future reference and ensure the safety of your investment.