Meghalaya · 16 September 2026 · 12:17 AM IST
| Weight | Base Price | Incl. GST (3%) | 925 Sterling |
|---|---|---|---|
| 1 Gram | ₹246.96 | ₹254.37 | ₹228.44 |
| 5 Grams | ₹1,234.80 | ₹1,271.84 | ₹1,142.19 |
| 10 Grams | ₹2,469.60 | ₹2,543.69 | ₹2,284.38 |
| 1 Tola (11.66g) | ₹2,880.49 | ₹2,966.90 | ₹2,664.45 |
| 100 Grams | ₹24,696.00 | ₹25,436.88 | ₹22,843.80 |
| 500 Grams | ₹123,480.00 | ₹127,184.40 | ₹114,219.00 |
| 1 Kilogram | ₹246,960 | ₹254,369 | ₹228,438 |
| 1 Troy Oz | ₹7,681.32 | ₹7,911.76 | ₹7,105.22 |
Today, the silver price in Shillong witnessed a decline of Rs.0.27/gram to Rs.246.96/gram, reflecting a general downward trend in the local market. This movement can be attributed to a combination of factors including a slight easing in international demand, a stable USD/INR exchange rate, and comparative stability in the MCX silver prices. However, local sentiments remain cautious, influenced by the upcoming festive season and expectations regarding the monsoon outlook, which could impact demand in the coming months.
Global macroeconomic factors play a significant role in shaping the silver market. The recent softening of US Federal Reserve interest rates has led to a weaker US dollar, making silver more attractive for investors. Additionally, the current USD/INR exchange rate remains relatively stable, which could dampen the immediate impact of a stronger US dollar on Indian consumers. International COMEX trends also indicate a cautious approach, with prices showing a slight downward trend. Domestically, MCX prices have remained steady, while the Indian Bullion and Jewellers Association (IBJA) rates have slightly increased, indicating a balanced market. The festive season and monsoon outlook could further influence demand, adding to the market volatility.
For local consumers in Shillong, it is advisable to consider physical silver purchases from reputable dealers who adhere to the Bureau of Indian Standards (BIS) hallmark standards. When investing, diversify your portfolio by considering both physical silver and silver ETF options. Physical silver offers the advantage of direct ownership and potential bullion value, while ETFs provide liquidity and ease of trading. It's important to keep an eye on international trends and domestic factors such as IBJA rates to make informed decisions.
To securely buy physical silver or paper silver in Shillong, follow these steps: First, research and choose a reputable dealer or a trusted online platform that complies with BIS hallmark standards. Next, ensure the transaction is backed by a secure payment method and a transparent pricing policy. For paper silver, explore options such as silver ETFs, which can be bought through stock brokers or online platforms. Lastly, keep track of market movements and consult with financial advisors to make the best investment choices.