Why is the silver rate in Bhopal different from other cities?

The silver price in Bhopal carries a regional logistics adjustment of +₹180/kg compared to national port benchmarks. Differences reflect interstate bullion transportation, local vault storage, and demand patterns across Sarafa Chowk (Old City), New Market, Marwari Road, Bittan Market.

Where are the major silver bullion markets in Bhopal?

The primary wholesale and retail silver exchanges in Bhopal are concentrated around Sarafa Chowk (Old City), New Market, Marwari Road, Bittan Market, where local bullion dealers quote daily hallmark bullion rates.

How can I verify silver purity when buying in Bhopal?

Always ensure your silver jewellery or bar has the official BIS Hallmark logo alongside purity indicators (999 for 99.9% fine silver or 925 for 92.5% sterling silver). Request a tax invoice specifying the weight, purity, and 3% GST breakdown.

Bhopal, Madhya Pradesh • Regional Rate Desk (Central India)

Silver Rate in Bhopal Today

Indicative daily physical retail silver benchmark for Bhopal. Calculated from spot parity, composite landed import adjustments, regional logistics premium (+₹180/kg), and applicable statutory 3% retail GST. Refreshed: 06:00 am IST.

Bhopal 1 Gram (999 Pure)

₹233.01

Incl. 3% GST • Base: ₹226.22

Bhopal 10 Grams (Tola)

₹2,330.07

Popular Coin Weight • 925 Jewelry: ₹2,155.32

Bhopal 1 Kilogram (Bar)Benchmark

₹2,33,006.6

Standard Bullion Bar • Incl. 3% GST

Bhopal Silver Price Table • Today's Rates

Comparison across 999 Fine Bullion and 925 Sterling Jewelry Silver (Snapshot: 2026-10-06)

Local Markup: +₹180/kg

Denomination	999 Pure (Base)	999 Pure (Incl. 3% GST)	925 Jewelry (Base)	925 Jewelry (Incl. 3% GST)
1 Gram	₹226.22	₹233.01	₹209.25	₹215.53
8 Grams (Pavalam)	₹1,809.76	₹1,864.05	₹1,674.03	₹1,724.25
10 Grams (Tola)	₹2,262.2	₹2,330.07	₹2,092.54	₹2,155.32
100 Grams	₹22,622	₹23,300.66	₹20,925.35	₹21,553.11
1 Kilogram (1000g)	₹2,26,220	₹2,33,006.6	₹2,09,253.5	₹2,15,531.11

Local Silver Markets & Bullion Hubs in Bhopal

Prominent Bullion & Jewellery Markets:

Sarafa Chowk (Old City)New MarketMarwari RoadBittan Market

Sarafa Chowk in Old Bhopal acts as the central bullion marketplace for the state capital and surrounding Vindhya region, trading pure silver investment bars alongside traditional tribal silverware.

Demand & Consumption Profile:

Traditional Gond/Bhil tribal silver ornaments, investment mint coins, pooja articles, and festive wedding sets.

Bhopal Precious Metals Compliance & Tips

Regional Trade Body

Bhopal Sarafa Association

BIS Hallmarking & Assaying

Sarafa Chowk BIS Hallmarking Center

Always demand a computerized bill specifying weight, purity, and statutory 3% GST.
Verify the official BIS Hallmark stamp (999 for investment bars, 925 for ornaments).
Compare making charges across Sarafa Chowk (Old City) dealers before committing to large silverware purchases.

Quick Silver Converter

Live Formula

Enter Weight

Silver Purity

Include 3% GST

Estimated Total Retail Price

₹2,330

Pure Metal Base Value (10g @ ₹226.22/g):₹2,262

Retail GST (3%):+₹68

Frequently Asked Questions: Silver Rate in Bhopal

Important guidelines for purchasing and selling physical silver in Bhopal.

Today in Bhopal, 1kg of 999 fine silver is ₹2,33,006.6 (including 3% GST), and 10 grams costs ₹2,330.07. For 925 sterling jewelry silver, 10 grams is ₹2,155.32.