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

The silver price in Madurai carries a regional logistics adjustment of +₹520/kg compared to national port benchmarks. Differences reflect interstate bullion transportation, local vault storage, and demand patterns across South Avani Moola Street, Vilakkuthoon Saraf Galli, West Tower Street, East Gate.

How can I verify silver purity when buying in Madurai?

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.

Madurai, Tamil Nadu • Regional Rate Desk (South India)

Silver Rate in Madurai Today

Q: Where are the major silver bullion markets in Madurai?

The primary wholesale and retail silver exchanges in Madurai are concentrated around South Avani Moola Street, Vilakkuthoon Saraf Galli, West Tower Street, East Gate, where local bullion dealers quote daily hallmark bullion rates.

Indicative daily physical retail silver benchmark for Madurai. Calculated from spot parity, composite landed import adjustments, regional logistics premium (+₹520/kg), and applicable statutory 3% retail GST. Refreshed: 06:15 am IST.

Madurai 1 Gram (999 Pure)

₹233.13

Incl. 3% GST • Base: ₹226.34

Madurai 10 Grams (Tola)

₹2,331.3

Popular Coin Weight • 925 Jewelry: ₹2,156.46

Madurai 1 Kilogram (Bar)Benchmark

₹2,33,130.2

Standard Bullion Bar • Incl. 3% GST

Madurai Silver Price Table • Today's Rates

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

Local Markup: +₹520/kg

Denomination	999 Pure (Base)	999 Pure (Incl. 3% GST)	925 Jewelry (Base)	925 Jewelry (Incl. 3% GST)
1 Gram	₹226.34	₹233.13	₹209.36	₹215.64
8 Grams (Pavalam)	₹1,810.72	₹1,865.04	₹1,674.92	₹1,725.17
10 Grams (Tola)	₹2,263.4	₹2,331.3	₹2,093.65	₹2,156.46
100 Grams	₹22,634	₹23,313.02	₹20,936.45	₹21,564.54
1 Kilogram (1000g)	₹2,26,340	₹2,33,130.2	₹2,09,364.5	₹2,15,645.44

Local Silver Markets & Bullion Hubs in Madurai

Prominent Bullion & Jewellery Markets:

South Avani Moola StreetVilakkuthoon Saraf GalliWest Tower StreetEast Gate

South Avani Moola Street surrounding the ancient Meenakshi Amman Temple hosts generational silversmiths specialized in handcrafted silver kavasam (deity armour), temple vahanas, and heavyweight South Indian devotional vessels.

Demand & Consumption Profile:

Temple armor (kavasam) fabrication, devotional puja vessels, traditional bridal kolusu (anklets), and silver wedding gift items.

Madurai Precious Metals Compliance & Tips

Regional Trade Body

Madurai Jewellers and Bullion Merchants Association

BIS Hallmarking & Assaying

South Avani Moola Street BIS Assaying 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 South Avani Moola Street dealers before committing to large silverware purchases.

Quick Silver Converter

Live Formula

Enter Weight

Silver Purity

Include 3% GST

Estimated Total Retail Price

₹2,331

Pure Metal Base Value (10g @ ₹226.34/g):₹2,263

Retail GST (3%):+₹68

Frequently Asked Questions: Silver Rate in Madurai

Important guidelines for purchasing and selling physical silver in Madurai.

Today in Madurai, 1kg of 999 fine silver is ₹2,33,130.2 (including 3% GST), and 10 grams costs ₹2,331.3. For 925 sterling jewelry silver, 10 grams is ₹2,156.46.