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r/silverindia

▲ 39 r/silverindia+1 crossposts

Gold import duty hiked from 6% to 15% today. But there is very little real jump in retail prices.

This hike has shortened demand for now.

Current rates:

Gold: Local market around 1,57,000 per 10g while MCX is hovering at 1,62,500 (~5500 less than mcx)

Silver: Local around 281 per gram while MCX spot is 296. (~15k less than mcx)

MCX is the commodity exchange where futures are traded. It shows expected prices but not always what you actually pay at the shop.

Right now physical prices are much lower than MCX because buying has slowed down after the news.

My advice as someone who buys gold and silver both online and offline regularly - don't blindly follow MCX rates these days. There is a small increase in actual market prices. Avoid high online rates until things settle.

Better to check All India Bullion (AIB) app or website for real physical rates.

DON'T OVERPAY!

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u/goelrohan13 — 11 hours ago
▲ 31 r/silverindia

Locked in 150gm Silver Before Import Duty Hike

Picked up some silver bars from Swiggy Instamart yesterday.

- 50 gm silver bar @ ₹13,510

- 100 gm silver bar @ ₹27,010

Paid using SBI PhonePe Black Select Credit Card, so should get 5% cashback as well. After cashback, the effective cost for 150 gm comes to around ₹38,450, which looks like a pretty decent deal in current market conditions.

What pushed me to buy quickly was the news about the hike in import duty on silver/gold as per the updates received from "WealthyDimes" whatsapp channel.

u/sky2345678 — 12 hours ago
▲ 61 r/silverindia

Stack Update - 500g BRPL bar from Ajio

Order placed on 7th May, got delivered by 9th May. BRPL ships orders so quickly.

Got it for ₹131651 after all discounts.

u/fRilL3rSS — 4 days ago
▲ 20 r/silverindia

Hi fellow reddit people. today I bought a silver ring at my local shop. I feel the price is too much. as I checked the current gram price is 276/gram. even if apply wastage and GST the price is not come to 1700.

this is my first purchase. so there is a chance for mistake. I think I am missing something. I need guidance from you guys.

so I can apply those things on my next purchase.

on next month planning to purchase kada or gold stud for me.

u/Gokulkrish05 — 13 days ago
▲ 24 r/silverindia

GRT Silver Coin 10g - Blinkit

Hey everyone,

If anyone here bought a GRT Silver Coin 10g from Blinkit, could you share a pic?

I just got one today, and after checking it out in good light, the certicard border looks a bit off (like it might've been messed with).

The coin itself seems okay, but the markings on it are different from the pictures on Blinkit. Plus, when I scan the QR code, it just goes to the official website, no authenticity certificate.

So yeah, if you got one from Blinkit, please share some pics. Thanks.

u/Enough_Outcome7649 — 4 days ago
▲ 6 r/silverindia

Silver bar 100 gram

I’m selling genuine 100 gram Kalyan Jewellers silver bars at the current live silver spot price.

Current Price

  • Spot Price: ₹285/gram
  • Price per 100g Bar: ₹28,500

«Final price will be based on the live spot price at the time of the deal.»

Available Quantity

  • 6 bars available
  • Total Silver: 600 grams

Location

  • Koramangala, Bengaluru

Authenticity

  • Purchased from Kalyan Jewellers
  • Original packaging and purity markings intact

Deal Terms

  • Buyers can verify authenticity before purchase
  • Cash/UPI accepted

If interested, please DM me.

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u/UnlikelyBoss1597 — 1 day ago
▲ 95 r/silverindia

Lately a lot of people have posted about Bhima 0% making charge offers on r/GoldIndia sub. I myself have shared a few gold items I bought from them. Now I want to share a few silver items I also purchased.

This bell is around 6 inches in height, weighs 251 grams, and tested positive for 925 silver on my Sigma Metalytics. It has a very sweet ringing sound.

Purchased on 26th April for ₹57710, silver price ₹219 per gram (excluding GST).

Also purchased some spoons, bowls, diyas, etc.

u/fRilL3rSS — 11 days ago
▲ 2 r/silverindia

How is kundan brand on AJIO

I want to start silver stacking and found a few option on AJIO. Since silver doesn’t have big brand names should I stick to MMTC pamp or buy which ever comes cheaper.
MMTC Pamp - 100gm 29,259
Kundan - 100gm 28,194
Both are 999.9. Is this price above spot price? How can I identify whether the bar is overpriced or at spot price?

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u/NeitherSearch4661 — 3 days ago
▲ 13 r/silverindia

I’ve been noticing something in silver pricing lately that honestly doesn’t sit right with me, and I’m surprised more people aren’t talking about it.
Most stores are selling 92.5 (sterling) silver but pricing it based on 100% pure silver rates. On top of that, they’ve started adding making charges in percentage terms—just like gold. But here’s the difference: with gold, at least the base price is adjusted for purity. With silver, that fairness seems to be missing.
Let’s break it down:
Plain silver making charges start around 10% (~₹25/g)
GST adds another ~₹8/g
The purity gap (92.5 vs 1000) effectively costs ~₹19/g
So overall, you’re paying roughly ₹50 extra per gram for something that’s not even pure silver.
That feels… off.
Some brands (like Malabar) at least price based on purity, which is the right approach—but then they compensate with very high making charges. So either way, the consumer ends up paying more, just through different components.
Why isn’t there a standard practice here?
Silver buyers deserve:
Transparent pricing based on actual purity
Reasonable, clearly defined making charges
Consistency across the market
Right now, it feels like the system is skewed in a way that most people don’t even realize unless they sit down and calculate it.
Am I overthinking this, or have others noticed the same trend? Would love to hear your experiences.

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u/Inevitable-System150 — 7 days ago