Where can I buy silver bars in India?

Silver bars can be purchased in India from public sector banks, private sector banks, and jewellers.

What exactly is hallmarking?

Hallmarking is the process of officially recording and determining the metal content of gold/silver items. It is used as a guarantee seal that ensures purity and is recognised in many countries.

Is there any tax on silver purchases?

Yes, you must pay a levied service tax when you buy silver. If you pay in cash for silver bullion worth more than Rs. 5 lakh, you will be charged a 1% tax.

What are the benefits of purchasing silver coins from a bank?

Purchasing silver coins from a bank ensures the silver's quality and authenticity. Each bank purchase of silver comes with a quality certificate. The bank would sell the silver to you at the current market rate, reducing the possibility that you would overpay for the silver.

Which silver bullion is the best to buy?

While there is no 'best silver' to buy, there are some benefits to purchasing silver coins. They are inexpensive to transport and liquidate, making them an excellent investment. They are also easier to collect than silver bars, and junk silver coins can be purchased for less than the spot price.

In India, where can I sell my silver bullion?

Bullion (in the form of coins and bars) can be sold to authorised bullion dealers. Banks are not permitted to buy back bullion that they have sold.

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Silver Rate Today in Ahmedabad (Thursday, Aug 29, 2024)

SILVERGOLD

Aug 29, 2024

SILVER Rate in Ahmedabad₹850.5 / 10 gm10 gram₹7.4

Today 10 gram silver Price/gm in Ahmedabad (INR)

GM	Today's Price	Yesterday's Price	Price Change
1	₹85.05	₹84.31	₹0.74
10	₹850.5	₹843.1	₹7.4
100	₹8,505	₹8,431	₹74

silver Rate in Ahmedabad for Last 10 Days (1 kg)

Date	Price
2024-08-28	₹84,310 (1760)
2024-08-27	₹86,070 (110)
2024-08-26	₹85,960 (420)
2024-08-25	₹85,540 (10)
2024-08-24	₹85,530 (0)
2024-08-23	₹85,530 (1550)
2024-08-22	₹83,980 (1270)
2024-08-21	₹85,250 (170)
2024-08-20	₹85,080 (410)
2024-08-19	₹84,670 (1100)

Month Wise silver Rate Trend In Ahmedabad

Trend of Silver Price in Ahmedabad, Jul 2024

	Silver Price
1st July Rate	₹90,200.00
31st July Rate	₹86,500.00
Highest Rate in Jul, 2024	₹96,000.00
Lowest Rate in Jul, 2024	₹84,500.00
Overall Performance	Falling
% Change	-4.10%

Trend of Silver Price in Ahmedabad, Jun 2024

	Silver Price
1st June Rate	₹93,500.00
30th June Rate	₹90,000.00
Highest Rate in Jun, 2024	₹96,000.00
Lowest Rate in Jun, 2024	₹90,000.00
Overall Performance	Falling
% Change	-3.74%

Trend of Silver Price in Ahmedabad, May 2024

	Silver Price
1st May Rate	₹83,000.00
31st May Rate	₹95,500.00
Highest Rate in May, 2024	₹97,700.00
Lowest Rate in May, 2024	₹83,000.00
Overall Performance	Rising
% Change	15.06%

Trend of Silver Price in Ahmedabad, Apr 2024

	Silver Price
1st April Rate	₹78,600.00
30th April Rate	₹83,500.00
Highest Rate in Apr, 2024	₹87,000.00
Lowest Rate in Apr, 2024	₹78,600.00
Overall Performance	Rising
% Change	6.23%

Trend of Silver Price in Ahmedabad, Mar 2024

	Silver Price
1st March Rate	₹74,500.00
31st March Rate	₹78,000.00
Highest Rate in Mar, 2024	₹78,500.00
Lowest Rate in Mar, 2024	₹73,600.00
Overall Performance	Rising
% Change	4.70%

Trend of Silver Price in Ahmedabad, Feb 2024

	Silver Price
1st February Rate	₹76,300.00
29th February Rate	₹74,200.00
Highest Rate in Feb, 2024	₹76,500.00
Lowest Rate in Feb, 2024	₹73,900.00
Overall Performance	Falling
% Change	-2.75%

Trend of Silver Price in Ahmedabad, Jan 2024

	Silver Price
1st January Rate	₹78,600.00
31st January Rate	₹76,500.00
Highest Rate in Jan, 2024	₹78,900.00
Lowest Rate in Jan, 2024	₹75,000.00
Overall Performance	Falling
% Change	-2.67%

Trend of Silver Price in Ahmedabad, Dec 2023

	Silver Price
1st December Rate	₹79,500.00
31st December Rate	₹78,600.00
Highest Rate in Dec, 2023	₹80,500.00
Lowest Rate in Dec, 2023	₹75,000.00
Overall Performance	Falling
% Change	-1.13%

Trend of Silver Price in Ahmedabad, Nov 2023

	Silver Price
1st November Rate	₹74,100.00
30th November Rate	₹79,200.00
Highest Rate in Nov, 2023	₹79,200.00
Lowest Rate in Nov, 2023	₹72,400.00
Overall Performance	Rising
% Change	6.88%

Trend of Silver Price in Ahmedabad, Oct 2023

	Silver Price
1st October Rate	₹73,500.00
31st October Rate	₹75,300.00
Highest Rate in Oct, 2023	₹75,600.00
Lowest Rate in Oct, 2023	₹70,600.00
Overall Performance	Rising
% Change	2.45%

Trend of Silver Price in Ahmedabad, Sep 2023

	Silver Price
1st September Rate	₹77,100.00
30th September Rate	₹73,500.00
Highest Rate in Sep, 2023	₹77,100.00
Lowest Rate in Sep, 2023	₹73,500.00
Overall Performance	Falling
% Change	-4.67%

Trend of Silver Price in Ahmedabad, Aug 2023

	Silver Price
1st August Rate	₹78,000.00
31st August Rate	₹77,600.00
Highest Rate in Aug, 2023	₹78,000.00
Lowest Rate in Aug, 2023	₹72,500.00
Overall Performance	Falling
% Change	-0.51%

Trend of Silver Price in Ahmedabad, Jul 2023

	Silver Price
1st July Rate	₹71,900.00
31st July Rate	₹77,000.00
Highest Rate in Jul, 2023	₹79,000.00
Lowest Rate in Jul, 2023	₹71,700.00
Overall Performance	Rising
% Change	7.09%

Trend of Silver Price in Ahmedabad, Jun 2023

	Silver Price
1st June Rate	₹72,800.00
30th June Rate	₹71,400.00
Highest Rate in Jun, 2023	₹74,500.00
Lowest Rate in Jun, 2023	₹70,900.00
Overall Performance	Falling
% Change	-1.92%

Trend of Silver Price in Ahmedabad, May 2023

	Silver Price
1st May Rate	₹76,000.00
31st May Rate	₹72,800.00
Highest Rate in May, 2023	₹78,250.00
Lowest Rate in May, 2023	₹72,600.00
Overall Performance	Falling
% Change	-4.21%

Trend of Silver Price in Ahmedabad, Apr 2023

	Silver Price
1st April Rate	₹74,500.00
30th April Rate	₹76,200.00
Highest Rate in Apr, 2023	₹79,600.00
Lowest Rate in Apr, 2023	₹74,000.00
Overall Performance	Rising
% Change	2.28%

Trend of Silver Price in Ahmedabad, Mar 2023

	Silver Price
1st March Rate	₹67,000.00
31st March Rate	₹74,000.00
Highest Rate in Mar, 2023	₹74,000.00
Lowest Rate in Mar, 2023	₹65,250.00
Overall Performance	Rising
% Change	10.45%

Trend of Silver Price in Ahmedabad, Feb 2023

	Silver Price
1st February Rate	₹73,300.00
28th February Rate	₹66,800.00
Highest Rate in Feb, 2023	₹74,700.00
Lowest Rate in Feb, 2023	₹66,800.00
Overall Performance	Falling
% Change	-8.87%

Trend of Silver Price in Ahmedabad, Jan 2023

	Silver Price
1st January Rate	₹71,300.00
31st January Rate	₹72,300.00
Highest Rate in Jan, 2023	₹74,400.00
Lowest Rate in Jan, 2023	₹71,000.00
Overall Performance	Rising
% Change	1.40%

Ahmedabad Facts

Ahmedabad, located at the banks of river Sabarmati, is the most populous city in the state of Gujarat. In India, generally, people who buy silver do so without the intention of using it as an investment for the future, but rather as a form of a costly gift in the form of jewelry (or ornaments). However, in Ahmedabad, the mindset of investing in silver is gaining momentum. Today, access to real-time information on the fluctuations in the silver price is available. Now, it is being viewed as an investable commodity like gold.