Kerala · 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 silver price in Thiruvananthapuram has experienced a noticeable decline of Rs.1.27/gram, reflecting a broader downward trend seen across the global precious metals market. This reduction is attributed to a combination of factors, including a softer US dollar and expectations of easing US Federal Reserve interest rates, which typically reduce demand for precious metals as a hedge against inflation. Additionally, the slight decrease could be influenced by the ongoing monsoon season, which might dampen festive demand for silver in the region.
Global macroeconomic factors play a crucial role in shaping silver prices, with the USD/INR exchange rate and US Federal Reserve monetary policy being significant drivers. A weaker US dollar makes silver more attractive to Indian buyers, potentially increasing demand. However, the US Fed’s plans to ease monetary policy could reduce inflation concerns, thereby decreasing the appeal of precious metals as a safe-haven asset. On the local front, the MCX silver prices and interest rates set by the India Bankers' Joint Committee (IBJA) significantly influence the domestic market. The impact of import duties and festive demand remain critical, but the current outlook suggests that international trends are likely to have a stronger impact on silver prices in Thiruvananthapuram.
For local consumers in Thiruvananthapuram, it's advisable to wait for further market stabilization before making a purchase. Ensure that any silver purchased adheres to BIS hallmark standards to guarantee quality. Investing in silver should be part of a diversified portfolio, and considering ETF options could provide a risk-averse approach. Consumers can explore physical silver or paper silver (via ETFs) to suit their investment strategies, balancing risk and return.
To securely buy physical silver or paper silver in Thiruvananthapuram, start by choosing a reputable dealer or a licensed bullion merchant. Verify their credentials and read reviews. For paper silver via ETFs, open a demat account and select a reputable broker. Secure transactions should be conducted through recognized platforms, avoiding cash deals. Always check for the latest prices and demand before making a purchase to ensure you get a fair deal.