Ahmedabad Live
Refreshed: Feb 28, 2026

Silver Rate in
Ahmedabad.

Local market data and real-time bullion analytics for Ahmedabad.

Local Price (999 Pure)
₹281,900/kg
+₹5,500
Trend: Up
AG

Rates in Ahmedabad

Purity Grade Per 10g Per 1kg
Fine Silver 999 ₹2,819.00 ₹281,900
Sterling 925 ₹2,607.58 ₹260,758
Coin Silver 900 ₹2,537.10 ₹253,710
Industrial 800 ₹2,255.20 ₹225,520

Asset Valuation

Estimated Valuation
₹0.00

Includes 3% GST in Ahmedabad

Historical Trends

30-day market volatility for 999 purity

Regional Bullion Markets

Andaman and Nicobar Islands Andhra Pradesh Arunachal Pradesh Assam Bihar Chandigarh Chhattisgarh Dadra and Nagar Haveli and Daman and Diu Delhi Goa Gujarat Haryana Himachal Pradesh Jammu and Kashmir Jharkhand Karnataka Kerala Ladakh

Top Bullion Hubs

Tiruvottiyur Hisar Saharanpur Kunnamkulam Pathankot Roorkee Puri Firozabad Visakhapatnam Machilipatnam Tiruppur Kasganj Belagavi Pimpri-Chinchwad Prithvipur Balaghat Pilani Jharsuguda Sircilla Narasaraopet Aluva Khambhalia Kharsia Ludhiana Chikkodi Kurukshetra Bemetara Kohima Palasa Jaipur Silvassa Margao Thodupuzha Medininagar Ambasamudram Idukki

Complete Silver Buying Guide for Ahmedabad: Rates, Markets & Investment Strategies

Ahmedabad MARKET UPDATE • 12:40 PM IST

Local Silver (999): ₹281,900/kg ₹200 Below National

City Premium: ₹-2.00/10g

Compared to National Average

Market Areas

Where to Buy

Jewellery Guide

Local Styles

Investment Tips

City Specific

Tax & Charges

Local Rates

For Ahmedabad residents: Silver holds a unique position in our city's economy - from traditional jewellery markets to modern investment avenues. Whether you're buying for a wedding, investing for the future, or purchasing industrial silver, understanding the local market dynamics is crucial. This comprehensive guide provides city-specific insights, market analysis, and practical buying advice for Ahmedabad.

Silver Markets in Ahmedabad: Where to Buy & Sell

Ahmedabad Silver Market Overview

Market Type

Primary Market: Manek Chowk (Mixed)
Market Hours: Typically 10:30 AM - 7:30 PM (Closed Sundays)
Price Transparency: High (MCX Linked)

Price Factors

Transportation Costs
-2%
Local Demand
Medium
Competition
High

Traditional Markets

Established family jewellers and wholesale markets

  • Better bargaining possible
  • Custom designs available
  • Cash discounts often available

Branded Showrooms

National chains and established brands

  • Standardized pricing
  • BIS hallmark guaranteed
  • Easy exchange policies

Online Platforms

E-commerce and digital silver

  • Price comparison easy
  • Home delivery available
  • Digital documentation

Smart Buying Tips for Ahmedabad Market

Timing Your Purchase:
  • Visit markets in morning for fresh rates
  • Avoid festival months for better prices
  • Weekdays typically better than weekends
Negotiation Strategy:
  • Start with 5-8% below quoted price
  • Ask for detailed breakup (silver + making)
  • Compare 3-4 shops before deciding

Silver Jewellery in Ahmedabad: Styles & Buying Guide

Popular Silver Jewellery Styles in Ahmedabad

Jewellery Type Average Making Charges Popular Designs Best For
Necklaces & Chains 8-15% of silver value Traditional, Modern, Kundan work Weddings, Festive wear
Bangles & Bracelets 5-12% of silver value Oxidized, Filigree, Tribal Daily wear, Traditional
Earrings 10-20% of silver value Jhumkas, Studs, Drops All occasions
Rings 15-25% of silver value Solitaire, Cluster, Traditional Gifts, Engagement
Anklets & Toerings 6-10% of silver value Delicate chains, Bells Traditional, Summer wear

Making Charges in Ahmedabad

Making charges vary based on design complexity and jeweller reputation:

Simple Designs 5-8%
Medium Complexity 8-12%
Intricate Designs 12-20%

Tip: Always ask for making charges separately from silver weight cost

Quality Checkpoints

BIS Hallmark Check: Look for 925 stamp, BIS logo, and jeweller identification
Weight Verification: Cross-check weight on digital scale (tolerance ±0.5%)
Documentation: Ensure bill mentions purity, weight, making charges, and GST separately
Finishing Quality: Check for smooth edges, proper clasps, and uniform polish

Silver Investment in Ahmedabad: Strategies & Returns

Investment Options Available in Ahmedabad

Physical Silver

Bars, coins, jewellery

Liquidity: Medium
Entry: ₹5,000+

MCX Trading

Futures & options

Liquidity: High
Entry: ₹50,000+

Silver ETFs

Stock market funds

Liquidity: Very High
Entry: ₹1,000+

Sovereign Bonds

Govt. securities

Liquidity: Medium
Entry: ₹1,000

Expected Returns Analysis

Short-term (1-2 years) 8-15% p.a.

Volatile, market timing dependent

Medium-term (3-5 years) 12-20% p.a.

Balanced risk-return

Long-term (5+ years) 15-25% p.a.

Compounding benefits, inflation hedge

Historical average: Silver has returned 18.7% CAGR over last 20 years in India

Investment Strategy for Ahmedabad Residents

1
Start Small: Begin with ₹2,000-5,000 monthly SIP in silver

Accumulate 50-100g silver annually

2
Diversify Forms: Mix of bars, coins, and digital silver

70% physical, 30% paper silver

3
Seasonal Buying: Purchase more during March-June (low season)

Average down your purchase cost

4
Local Advantage: Use Ahmedabad's market proximity

Regular market visits for price trends

Tax, GST & Regulatory Compliance in Ahmedabad

Complete Cost Breakdown for Silver Purchase

3%
GST

On silver value
(Standard across India)

11%
Making Charges

On jewellery
(Ahmedabad average)

-2.0%
City Premium

Over national rate
(Location factor)

Example: Buying 100g Silver Jewellery in Ahmedabad

Silver Value (100g @ ₹2,607.58/g): ₹26,076
Making Charges (10%): +₹2,608
Subtotal: ₹28,683
GST @3%: +₹861
Total Payable: ₹29,544

Tax Benefits on Silver Investment

Long-term Capital Gains: 20% with indexation after 3 years
Short-term Capital Gains: As per income tax slab (if sold within 3 years)
No Wealth Tax: Silver investment exempt from wealth tax
GST Input Credit: Available for businesses buying industrial silver

Documentation Requirements

Purchase Invoice: Must mention GST number, purity, weight, rate
ID Proof: Required for transactions above ₹50,000
BIS Certificate: For hallmark verification
Weight Certificate: From certified weighing machine

Ahmedabad Specific FAQs

Is silver price higher in Ahmedabad compared to other cities?

Yes, Ahmedabad has a premium of ₹-2.00 per 10g over national average due to:

  • Transportation costs from wholesale centers
  • Higher operational costs in the city
  • Strong local demand patterns
  • Market infrastructure and quality assurance

Tip: Consider buying from nearby wholesale hubs or during city market festivals for better prices

What's the best way to sell silver in Ahmedabad?

For selling silver in Ahmedabad, consider these options:

Original Seller

Best rates if you have original bill and bought from same jeweller

Rate: 94-97% of market
Local Jeweller

Convenient but rates vary based on relationship and quantity

Rate: 90-95% of market

Best Time to Sell: October-February (festival & wedding season) when demand is highest

Is BIS hallmark mandatory in Ahmedabad markets?

Yes, absolutely mandatory! BIS hallmark is legally required for all gold and silver jewellery sold in India, including Ahmedabad.

Without BIS Hallmark: Legal risk for both seller and buyer
Consumer Protection: BIS hallmark ensures purity guarantee and legal recourse
How to Verify: Check for 4 marks: BIS logo, purity (925), jeweller ID, year of marking

Warning: Many small shops in Ahmedabad may sell without hallmark. Always insist on proper certification.