Gujarat · 17 September 2026 · 12:13 AM IST
| Weight | Base Price | Incl. GST (3%) | 925 Sterling |
|---|---|---|---|
| 1 Gram | ₹244.02 | ₹251.34 | ₹225.72 |
| 5 Grams | ₹1,220.10 | ₹1,256.70 | ₹1,128.59 |
| 10 Grams | ₹2,440.20 | ₹2,513.41 | ₹2,257.19 |
| 1 Tola (11.66g) | ₹2,846.20 | ₹2,931.59 | ₹2,632.74 |
| 100 Grams | ₹24,402.00 | ₹25,134.06 | ₹22,571.85 |
| 500 Grams | ₹122,010.00 | ₹125,670.30 | ₹112,859.25 |
| 1 Kilogram | ₹244,020 | ₹251,341 | ₹225,718 |
| 1 Troy Oz | ₹7,589.88 | ₹7,817.58 | ₹7,020.64 |
The surge in silver prices to Rs.244.02/gram in Surat today, up by Rs.1.23/gram, can be attributed to a combination of global and domestic factors. Increased international demand coupled with rising US Federal Reserve interest rates is creating a bullish sentiment. Additionally, favorable monsoon conditions and festive demand in India are boosting local consumption, contributing to the upward trend.
Global macroeconomic drivers play a crucial role in today's silver price movements in Surat. The US Federal Reserve's tightening monetary policy and rising interest rates are increasing the opportunity cost of holding precious metals, potentially dampening demand. However, a strengthening USD/INR exchange rate is making silver cheaper for Indian buyers, which could offset this impact. Internationally, rising demand, especially from India, is driving prices higher, while domestic factors like favorable IBJA rates and increased festive demand are pushing prices upward in Surat.
For local consumers in Surat, it's advisable to stay informed about BIS hallmark standards to ensure the purity and authenticity of silver purchases. Diversifying investments with both physical silver and silver ETFs can provide a balanced approach. Physical silver can be bought from reputable dealers, while ETFs offer a convenient way to invest without the hassle of storage and potential loss in value through wear and tear. Considering the current price movements, it might be prudent to buy in small quantities, keeping an eye on market trends and potential further increases.
To securely buy physical silver or paper silver in Surat, start by researching and selecting a reputable dealer or platform that adheres to BIS hallmark standards. For physical silver, visit a trusted jewelry or bullion store. For paper silver, consider verified online platforms or ETFs. Ensure to check the latest prices and terms of purchase, and always verify the authenticity of the product. Secure storage and safekeeping are crucial, especially for physical silver, to avoid any potential loss or damage.