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

The silver price in Nagpur 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 Itwari Sarafa Bazaar, Dharampeth, Sitabuldi, Gandhibagh.

Where are the major silver bullion markets in Nagpur?

The primary wholesale and retail silver exchanges in Nagpur are concentrated around Itwari Sarafa Bazaar, Dharampeth, Sitabuldi, Gandhibagh, where local bullion dealers quote daily hallmark bullion rates.

How can I verify silver purity when buying in Nagpur?

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.

Nagpur, Maharashtra • Regional Rate Desk (Central India)

Silver Rate in Nagpur Today

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

Nagpur 1 Gram (999 Pure)

₹233.01

Incl. 3% GST • Base: ₹226.22

Nagpur 10 Grams (Tola)

₹2,330.07

Popular Coin Weight • 925 Jewelry: ₹2,155.32

Nagpur 1 Kilogram (Bar)Benchmark

₹2,33,006.6

Standard Bullion Bar • Incl. 3% GST

Nagpur 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 Nagpur

Prominent Bullion & Jewellery Markets:

Itwari Sarafa BazaarDharampethSitabuldiGandhibagh

Itwari Sarafa is Central India's primary bullion clearing hub, connecting eastern Maharashtra (Vidarbha) with trade lines extending into Madhya Pradesh and Chhattisgarh.

Demand & Consumption Profile:

Vidarbha rural crop-cycle silver bar investments, festive Laxmi Puja silver coins, and traditional temple utensils.

Nagpur Precious Metals Compliance & Tips

Regional Trade Body

Nagpur Sarafa Association

BIS Hallmarking & Assaying

Itwari Bullion 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 Itwari Sarafa Bazaar 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 Nagpur

Important guidelines for purchasing and selling physical silver in Nagpur.

Today in Nagpur, 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.