metalspread.com

Silver Rate in Indore

MCX Closed
Spot Price
₹2,69,110.00 +6.50%+₹16,428.00

999 Fine per kg

Exchanges
🇮🇳 MCX
₹2,50,768
🇺🇸 COMEX
₹2,27,896
🇬🇧 LBMA
₹2,35,833
🇨🇳 SGE
₹2,51,872

Silver Rate by Weight & Fineness

Weight999995925
1g₹269₹268₹249
8g₹2,153₹2,144₹1,993
10gSTD₹2,691₹2,680₹2,492
100g₹26,911₹26,803₹24,918
1kg₹2,69,110₹2,68,032₹2,49,176
Weight900800970
1g₹242₹216₹261
8g₹1,940₹1,724₹2,090
10gSTD₹2,424₹2,155₹2,613
100g₹24,244₹21,550₹26,130
1kg₹2,42,441₹2,15,504₹2,61,298

By weight & fineness · MCX 999 benchmark per kg · Prices excl. GST (3%) & making charges

Gold Price Trend — Indore

Today's silver price in Indore on 19 May 2026 stands at ₹269 per gram for 999 fine silver, ₹249 per gram for 925 sterling silver, and ₹216 per gram for 800 utensil silver.

Silver Market — Indore

Indore's Sarafa Bazaar is one of central India's most active silver trading centres, serving as a key distribution hub for silver bullion and utensils across Madhya Pradesh and Chhattisgarh. The bazaar famously transitions from a secure bullion trading market by day to a massive street food destination by night. Indore serves as a central transit node for silver bullion moving between North and West India, giving it strategic importance in the national silver supply chain. The city's silver market caters to heavy Central Indian silver utensil demand, with wholesale dealers offering competitive rates on bulk silver purchases. Silver demand peaks during Dhanteras and the wedding season, when families purchase silver coins, utensils, and decorative articles.

Silver Traditions: Central Indian households traditionally purchase silver coins and utensils during Dhanteras as a symbol of prosperity. Silver thalis, glasses, and decorative items are integral to Malwa-region wedding gifting traditions.

Silver Dealers in Indore

DP Jewellers (Yashwant Niwas Rd), Punjab Jewellers (MG Road), Jhulelal Jewellers (Mhow)

National chains: Tanishq, Kalyan Jewellers, Malabar Gold, PC Jeweller, Joyalukkas

Buying Tips

  • Sarafa Bazaar provides optimal wholesale rates on silver bullion and utensils in Central India.
  • Negotiate aggressively on making charges for silver articles — margins are flexible here.
  • Verify 925 purity on all sterling silver purchases, especially from smaller traders.

Did You Know?

  • Sarafa Bazaar transitions from a high-security silver and gold bullion market by day to a massive night-time street food hub.
  • Indore serves as a central transit node for silver bullion traversing between North and West India.

Other Silver Cities

Check today's silver rate across 30 major Indian cities