Live: Meghalaya
Refreshed: 05:07 PM

Silver Rate in
Meghalaya.

Institutional analytics for bullion and industrial purities in Meghalaya.

Current Spot Rate (999)
₹282,400/kg
+₹5,500 Today
Feb 28, 2026
AG

Meghalaya Price Index

Standard 10g (Local) 1kg (Local)
Fine Silver 999 ₹2,824.00 ₹282,400
Sterling 925 ₹2,612.21 ₹261,221
Coin Silver 900 ₹2,541.60 ₹254,160
Industrial 800 ₹2,259.20 ₹225,920

Asset Valuation

₹0.00

Includes 3% GST

Price Volatility Index

30-day market analytics for 999 Fine Silver.

Bullion Hubs Index

Kasaragod Tumakuru Pratapgarh Chapra Arani Karwar Wokha Longleng Shrivardhan Katihar Naliya Mughalsarai Jhansi Tenali Ambernath Alirajpur Baharampur Singrauli Rudrapur Davangere Kannur Kalol GJ Malda Tirunelveli Thoubal Almora Puri Bidar Warangal Mulshi Rajpura Gondia Alirajpur Town Orai Varanasi Jagdalpur

Complete Silver Market Guide for Meghalaya: Rates, Trends & Investment Opportunities

Meghalaya STATE MARKET • 05:07 PM IST

State Average (999): ₹282,400/kg ₹3.00/10g Above National

State Premium: +3.00/10g

Compared to National MCX Rate

Market Overview

State Analysis

City-wise Rates

Compare Cities

Investment Guide

State Specific

State Regulations

Tax & Policies

For Meghalaya residents and investors: Meghalaya plays a significant role in India's silver market with its unique demand patterns, industrial consumption, and cultural significance. Whether you're in urban centers or rural areas, understanding state-specific silver dynamics is crucial for making informed investment and purchasing decisions. This comprehensive guide provides detailed analysis, city-wise comparisons, and state-specific insights for Meghalaya's silver market.

Meghalaya Silver Market Overview

Market Structure & Characteristics

Demand Drivers

Jewellery (50%)
Industrial (30%)
Investment (20%)

Market Performance Indicators

Price Stability High
Market Maturity Developing
Price Transparency Moderate

Employment Impact

Silver industry supports thousands of jobs in Meghalaya

15K+ Jobs

Industrial Consumption

Annual silver usage in manufacturing

100+ Tons

Retail Ecosystem

Number of registered silver dealers

2K+ Dealers

City-wise Silver Price Variations in Meghalaya

Silver prices vary significantly across cities in Meghalaya due to factors like transportation costs, local demand, and market competition. Here's a comparative analysis:

City 999 Silver Rate Premium/Discount Market Type Best For
Shillong ₹282,500/kg +₹1.00/10g Hill Capital Souvenirs
Tura ₹282,460/kg +₹0.60/10g Local Market General Use

Factors Affecting Price Variations Across Meghalaya

Geographic Factors:
  • Distance from wholesale centers and ports
  • Transportation infrastructure quality
  • Proximity to neighboring states' markets
  • Geographic barriers affecting supply
Economic Factors:
  • Industrial demand concentration
  • Population density and purchasing power
  • Retail competition levels
  • Local taxes and octroi differences

Silver Investment Guide for Meghalaya Residents

Meghalaya Investment Profile

Best Buying Season

March-June (Low demand period)

Prices 5-10% lower

Average Annual Returns

Historical performance in Meghalaya

12-18% CAGR

Risk Profile

Market stability in Meghalaya

Low Risk

Recommended Investment Strategies

1
Systematic Investment Plan (SIP):

Invest ₹2,000-5,000 monthly in silver ETFs or digital silver

2
Seasonal Accumulation:

Increase purchases during low-demand months (Mar-Jun)

3
Geographic Diversification:

Buy from different cities within Meghalaya to average costs

4
Form Diversification:

60% physical (bars/coins), 40% paper (ETFs/Futures)

Tax-efficient Investment Tips

Hold for 3+ years: Benefit from long-term capital gains tax with indexation
Maintain proper documentation: Purchase bills with GST details for future sales
Consult local CA: Understand state-specific tax implications
Jewellery as investment: Separate bills for silver value and making charges for tax purposes

State Regulations & Tax Policies in Meghalaya

Regulatory Framework

State-specific Regulations

BIS Hallmark Enforcement: Moderate enforcement
Local Taxes: Additional taxes may apply in certain cities
Trader Licensing: Required for bullion dealers in Meghalaya
Consumer Protection: State consumer courts handle jewellery disputes

Tax Structure

GST (Standard) 3%
Additional State Levies None
Octroi/Entry Tax Not Applicable

Compliance Checklist for Meghalaya Buyers

Documentation Requirements:
  • Purchase bill with GST number and breakdown
  • BIS hallmark certificate for jewellery
  • Weight verification certificate
  • Jeweller's license/registration number
Verification Steps:
  • Verify BIS hallmark on jewellery (4 marks)
  • Cross-check weight on certified scale
  • Ensure proper GST breakdown in invoice
  • Check jeweller's consumer complaint history

Note: Meghalaya has specific consumer protection laws for precious metals. Always buy from registered dealers and maintain all documentation for future reference.

Meghalaya Specific FAQs

Is silver price different in Meghalaya compared to neighboring states?

Yes, silver prices in Meghalaya typically differ from neighboring states due to:

Factors Causing Higher Prices
  • Higher state taxes and levies
  • Better infrastructure and quality control
  • Stronger consumer protection laws
  • Higher operational costs
Factors Causing Lower Prices
  • Proximity to manufacturing hubs
  • Higher competition among dealers
  • Better transportation connectivity
  • Lower local taxes

Practical Tip: Check prices in border towns of neighboring states if you live near state borders. Sometimes crossing the border can save 1-3% on large purchases.

What's the best time to buy silver in Meghalaya?

The optimal time for silver purchase in Meghalaya depends on both seasonal and economic factors:

Seasonal Pattern:

March-June generally offers best prices

Economic Indicators to Watch:
  • Agricultural output in Meghalaya
  • Local festival and wedding seasons
  • State budget announcements (tax changes)
  • Industrial production trends
Are there special rules for selling silver in Meghalaya?

Yes, Meghalaya has specific regulations for silver sales:

KYC Requirements: PAN card mandatory for sales above ₹2 lakh in Meghalaya
Documentation: Original purchase bill reduces TCS (Tax Collected at Source) implications
TCS Applicability: 1% TCS on sales above ₹2 lakh without PAN, 0.1% with PAN
Consumer Protection: Meghalaya has specific consumer courts for jewellery disputes

Pro Tip: Sell back to the original jeweller in Meghalaya for better rates and simplified documentation process.