Gujarat · 01 November 2026 · 09:49 AM IST
| Weight | Base Price | Incl. GST (3%) | 925 Sterling |
|---|---|---|---|
| 1 Gram | ₹199.20 | ₹205.18 | ₹184.26 |
| 5 Grams | ₹996.00 | ₹1,025.88 | ₹921.30 |
| 10 Grams | ₹1,992.00 | ₹2,051.76 | ₹1,842.60 |
| 1 Tola (11.66g) | ₹2,323.43 | ₹2,393.13 | ₹2,149.17 |
| 100 Grams | ₹19,920.00 | ₹20,517.60 | ₹18,426.00 |
| 500 Grams | ₹99,600.00 | ₹102,588.00 | ₹92,130.00 |
| 1 Kilogram | ₹199,200 | ₹205,176 | ₹184,260 |
| 1 Troy Oz | ₹6,195.82 | ₹6,381.69 | ₹5,731.13 |
Today's rise in silver prices in Surat by Rs.1.18/gram to Rs.199.2/gram is indicative of heightened global demand, possibly due to strong economic growth in India and positive sentiment in the international market. The local market also saw a significant rise, driven by favorable festive demand and favorable international trends, despite a stable exchange rate and moderate domestic interest rates.
Global macroeconomic factors are playing a crucial role in today's price movement. The US Federal Reserve's interest rate levels and tightening policies continue to impact the precious metals market, with rising rates generally leading to higher silver prices due to increased demand for safe-haven assets. The USD/INR exchange rate has remained stable, which supports silver prices by keeping import costs under control. Additionally, trends observed on the COMEX market indicate growing international demand for silver, further supporting local price increases. However, domestic factors such as MCX prices, where silver futures are traded, and the impact of import duties, will also influence the market's future trajectory.
For local consumers in Surat, it's crucial to consider BIS hallmark standards to ensure the purity and quality of the silver. Given the current market sentiment, investing in physical silver or through ETF options can be a prudent strategy. For those looking for investment, consider diversifying your portfolio to include both physical silver and ETFs. Physical silver can be purchased from reputable dealers, while ETFs offer a more liquid and accessible option, suitable for both long-term and short-term investments.
To securely buy physical silver or paper silver in Surat, begin by researching and selecting a reputable dealer who adheres to BIS hallmark standards. Verify the dealer's credentials and read customer reviews. For physical silver, ensure you visit the store in person and inspect the quality. For paper silver or ETFs, you can buy online through a financial platform or directly from a bank. Always conduct transactions through secure payment methods and keep all purchase documentation for future reference. If you're new to investing, it's advisable to consult with a financial advisor to understand the risks and benefits of each investment option.