Silver Rate Today in Ahmedabad (12 Nov '26)
as on 12 Nov '26
1 kg
₹1,84,009.00
(0.00%)
100 gm
₹18,400.90
(0.00%)
10 gm
₹1,840.09
(0.00%)
Today's Silver Rate in Ahmedabad
The silver rate today in Ahmedabad (November 12, 2026) is ₹1,84,009 for 1 kg, ₹18,401 for 100 gms, and ₹1,840 for 10 gms.
Jewellery prices are usually higher than these rates because jewellers add 3% GST, making charges and their own markup.
If you want to buy Silver without jewellery markup, you can use Gold Vault by Dhan. You buy 999 purity Silver at live MCX rates with zero markup, it is stored safely in an insured vault, and you get it delivered to your home whenever you want. You can check the delivery cost for your location using our Gold Vault shipping rate calculator.
1 gm, 10 gm, 100 gm & 1 kg Silver Rate in Ahmedabad
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Silver Rate Trend in Ahmedabad
1 gm
10 gm
100 gm
1 kg
Silver Rate Calculator
Current Silver Price
per gram · as on 13 Nov '26
₹184
Silver Quantity (grams)
10 gm1000 gms
Making Charges (%)
0%20%
GST
3% on base price + 5% on making charges
NoYes
Total price of 100 grams of silver in Ahmedabad
₹20,885
Incl. making charges & GST
Base price (100 gms × ₹184)
₹18,401
Making charges (10%)
₹1,840
GST
₹644
Prices are indicative and based on today's silver rate in Ahmedabad. Actual price may vary by jeweller.
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Things to Know About Silver Market in Ahmedabad
Ahmedabad, being the largest city of Gujarat, had always symbolised a thriving trading centre with a rich mercantile heritage. Apart from being a textile centre, this city is renowned for precious metals trading, especially from Manek Chowk and Relief Road, which are prime bullion and jewellery markets in the country.
With growing emphasis on silver, it is becoming more and more relevant to learn more about the silver price segment in Ahmedabad, for all investors and traditional buyers alike.
The rate of silver in Ahmedabad is a standard for other places in the state of Gujarat, mainly due to its strategic location and the presence of established bullion markets. The silver price in Ahmedabad is measured in terms of per gram or per kilogram and gets updated constantly to reflect the current silver rate in international markets.
Current rates of silver in Ahmedabad (as of 12th November 2026):
- 1 Kg Silver: ₹0
- 100 Grams Silver: ₹0
- 1 Gram Silver: ₹NaN
The above-mentioned rates are silver spot prices and do not include GST, making charges, hallmarking fees, or any other fees that are charged for retail sales.
The price of silver in Ahmedabad is affected by a mix of international and domestic factors, such as:
- Industrial demand: Silver is an essential element in green technologies, such as solar panels and electric vehicle (ev) batteries. The explosive growth of these sectors in early 2026 has seen the demand for silver soar to record highs.
- International market trends: Spot rates on international exchanges such as the COMEX and the LBMA have a direct impact on the Silver base rate in India.
- Domestic demand cycles: Seasonal spikes during Navratri, Dhanteras, and the Gujarati wedding season put upward pressure on local silver rates.
- US Federal Reserve interest rate: Monetary policy decisions have a significant impact on precious metals prices. Lower interest rates favour higher silver prices because the opportunity cost of holding non-yielding assets is reduced.
- Geopolitical tensions: During times of international conflict, trade disputes, or global crises, silver is often sought as a safe-haven asset.
- US dollar-rupee exchange rate: Since globally silver is traded in US dollars, the exchange rate of the USD-INR directly affects the Indian silver price.
The silver spot price in Ahmedabad is determined by:
- International price discovery: Ahmedabad's process of setting the price for silver starts with globally recognised benchmarks. The LBMA and COMEX silver prices are the primary reference prices.
- USD to INR conversion: The global USD price is converted to the local currency as per the prevailing exchange rates.
- Import costs: Current government-mandated import duties of 6% on imported silver.
- Local bullion premiums: To compensate for transportation from major ports or Mumbai's bullion market, storage costs, insurance and other local operational costs specific to the Ahmedabad market, a small local premium is added to the silver price.
Silver spot rate can be described as the current market rate at which silver can be bought or sold in the market for immediate delivery. Jewellers and bullion merchants buy silver at spot rates from the markets. The difference between the silver spot price and the retail price is caused by the additional costs added to the spot price. These extra costs include operational costs and profit, making charges for silver items, etc. Understanding these components helps buyers make detailed comparisons between various jewellers in Ahmedabad and find the best pricing for them.
Gujarat adopts uniform national taxation on silver and has no additional state taxation levied on the purchase of silver.
Physical silver purchases:
- GST on silver value: 3%.
- GST on making charges: ~5% on the making charges component.
- Import duty: 6%. This is not separately charged to buyers.
- Making charges: Varies according to the jeweller and the complexity of the design. Traditional Gujarati pieces have making charges priced at 10-40% of silver value.
- Hallmarking charges: ₹35 per article with a minimum of ₹150 per consignment as per BIS guidelines for physical purchases of silver.
Tax on silver investments (ETFs, mutual funds, physical silver, digital silver):
The tax treatment differs for different investment vehicles:
For physical silver, digital silver, and mutual funds:
- Long-term capital gains (LTCG): For silver investments held for 24 months or more, LTCG is taxed at 12.5%.
- Short-term capital gains (STCG): In the case of silver investments held for a period of less than 24 months, STCG is taxed at the individual's applicable income tax slab rate.
For silver ETFs:
- Short-term capital gains (STCG): For holding periods of less than 12 months, gains are added to total income and taxed at individual income tax slab rates.
- Long-term capital gains (LTCG): For gains on holdings of 12 months or more, taxed at 12.5% flat rate.
Ahmedabad's peculiar demographic and business culture give rise to characteristic consumption patterns of Silver. Major factors driving the consumption of silver in Ahmedabad are:
- Investor interest: Apart from ornamental use, business-savvy Ahmedabad's population is increasingly seeing the use of silver as a diversification tool for their portfolios and as a hedge against inflation.
- Jewellery manufacturing centre: Ahmedabad is also the home of many silver jewellery manufacturers and workshops. This manufacturing base creates industrial demand for silver.
- Religious and cultural significance: Silver items are often bought for religious purposes, as temple donations, puja items, and in traditional ceremonies.
- Industrial demand: With the advent of industrial zones near the city of Ahmedabad, the demand for silver in the electronics and chemical industries is constant.
- Wedding and festive demand: Exorbitant Gujarati weddings frequently involve heavy silver gifts and dinnerware. Festivals such as Navratri and Diwali witness a boom in the sale of silver idols and coins.
To ensure a safe and transparent transaction, buyers are advised to be vigilant in watching out for the following:
- Fake German Silver: Be suspicious of street sales of German Silver. This is actually an alloy of copper, zinc and nickel, and it contains 0% silver, but it looks like silver.
- Non-hallmarked silver jewellery: Any silver jewellery or item without proper BIS hallmarking should not be bought since it has high chances of being fake or potentially substandard products.
- Excessive making charges: Be cautious about jewellers who charge high making rates without clear justification based on design complexity.
- Verbal purity claims: Never trust verbal claims of purity, weight or buyback terms alone. Insist on everything being written on the purchase invoice with specific details.
- Unclear terms for buy-back: Some jewellers advertise high-value buyback schemes with hidden clauses in the fine print.
- Pressure tactics: High-pressure sales tactics, claims of limited-time offers, or a sense of urgency to close deals are common indicators of questionable practices.
- Detailed invoice: Demand for an itemised invoice with clear details of weight, purity, making charges breakdown, GST components, hallmarking charges and final total.
No, silver rates in Ahmedabad are slightly different from those in other cities in India, but there is only marginal variation in spot prices. The slight variation in final retail pricing is due to transportation costs, logistics costs, local demand and supply patterns, retailer competition and the variation in making charges.
Traditionally, people of Ahmedabad like to buy silver on auspicious occasions as per Gujarati and Hindu cultural traditions, like:
- Dhanteras: Said to be one of the most auspicious days for the purchase of precious metals.
- Diwali festival: The festival of lights witnessed heavy purchases of silver for gifts and religious offerings, as well as investment purposes.
- Akshaya Tritiya: Akshaya Tritiya is said to be the day of eternal prosperity. Purchases made on this day are traditionally considered to multiply wealth.
- Navratri: This festival of Goddess Durga that spans nine nights is especially important in Gujarati culture. Many Ahmedabadis make precious metals purchases during Navratri.
- Dussehra: This day marks the victory of good over evil and is deemed favourable for important purchases, including silver.
- Makar Sankranti: This harvest festival, which marks the transit of the sun into the zodiac sign of Capricorn, is considered auspicious for investments and purchases in Gujarat.
- Pushya Nakshatra: These auspicious days in the Hindu lunar calendar are traditionally favourable days for buying silver.
- Bestu Varas (Gujarati New Year): The Gujarati New Year is considered auspicious in Gujarat in terms of new silver purchases and investments.
Buyers in Ahmedabad are covered under several legal frameworks, such as:
- Bureau of Indian Standards (bis): The national body for purity standards.
- Consumer Protection Act, 2019: Facilitation for complaints about fraud or defective products.
- Consumer Disputes Redressal Forums: Redressal Forums are available at the district, state, and national levels.
- Legal Metrology Department of Gujarat: As per the provisions of the Legal Metrology Act, 2009, this department ensures metrology of accurate weighing and measuring practices in trade.
FAQs
Before purchasing Silver in Ahmedabad, there are several important factors to consider, like BIS Hallmark, making charges (it varies from jeweller to jeweller) and taxes. Do not buy silver without a bill because it is difficult to resell.
The price of silver in Ahmedabad has reached an all-time high of ₹0 per kg, on .
The current rate of 1 gram of silver in Ahmedabad (as of 12th November 2026) is approximately ₹ per gram for pure silver (999 purity). This is the spot rate, which is the base price of silver metal without any additional charges.
Ahmedabad residents can easily access investment opportunities in silver with Dhan by following this comprehensive step-by-step process.
Step 1: Open a demat account (if new to Dhan).
Step 2: Add some money to your account.
Step 3: Choose your silver investment option.
Dhan has several methods to get silver exposure, depending on your investment objectives:
- Silver ETFs (Exchange Traded Funds):
- Silver mutual funds:
- Silver futures/options
Step 4: Place your order.
Step 5: Monitor and manage.
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