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

The silver price in Nashik carries a regional logistics adjustment of +₹120/kg compared to national port benchmarks. Differences reflect interstate bullion transportation, local vault storage, and demand patterns across Saraf Bazaar (Old Nashik), Main Road, College Road, Gangapur Road.

Where are the major silver bullion markets in Nashik?

The primary wholesale and retail silver exchanges in Nashik are concentrated around Saraf Bazaar (Old Nashik), Main Road, College Road, Gangapur Road, where local bullion dealers quote daily hallmark bullion rates.

How can I verify silver purity when buying in Nashik?

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.

Nashik, Maharashtra • Regional Rate Desk (West India)

Silver Rate in Nashik Today

Indicative daily physical retail silver benchmark for Nashik. Calculated from spot parity, composite landed import adjustments, regional logistics premium (+₹120/kg), and applicable statutory 3% retail GST. Refreshed: 07:02 am IST.

Nashik 1 Gram (999 Pure)

₹189.27

Incl. 3% GST • Base: ₹183.76

Nashik 10 Grams (Tola)

₹1,892.73

Popular Coin Weight • 925 Jewelry: ₹1,750.77

Nashik 1 Kilogram (Bar)Benchmark

₹1,89,272.8

Standard Bullion Bar • Incl. 3% GST

Nashik Silver Price Table • Today's Rates

Comparison across 999 Fine Bullion and 925 Sterling Jewelry Silver (Snapshot: 2026-11-03)

Local Markup: +₹120/kg

Denomination	999 Pure (Base)	999 Pure (Incl. 3% GST)	925 Jewelry (Base)	925 Jewelry (Incl. 3% GST)
1 Gram	₹183.76	₹189.27	₹169.98	₹175.08
8 Grams (Pavalam)	₹1,470.08	₹1,514.18	₹1,359.82	₹1,400.61
10 Grams (Tola)	₹1,837.6	₹1,892.73	₹1,699.78	₹1,750.77
100 Grams	₹18,376	₹18,927.28	₹16,997.8	₹17,507.73
1 Kilogram (1000g)	₹1,83,760	₹1,89,272.8	₹1,69,978	₹1,75,077.34

Local Silver Markets & Bullion Hubs in Nashik

Prominent Bullion & Jewellery Markets:

Saraf Bazaar (Old Nashik)Main RoadCollege RoadGangapur Road

Saraf Bazaar in Old Nashik along the Godavari river serves northern Maharashtra as a major pilgrimage bullion hub. Rates track Mumbai spot rates tightly, with strong seasonal spikes tied to Kumbh/Godavari yatras and grape vineyard harvest cycles.

Demand & Consumption Profile:

Pilgrimage silver puja articles, harvest income bullion allocation, wedding silverware, and pure silver coins.

Nashik Precious Metals Compliance & Tips

Regional Trade Body

Nashik Saraf Association

BIS Hallmarking & Assaying

Saraf Bazaar BIS Hallmarking Bureau

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 Saraf Bazaar (Old Nashik) dealers before committing to large silverware purchases.

Quick Silver Converter

Live Formula

Enter Weight

Silver Purity

Include 3% GST

Estimated Total Retail Price

₹1,893

Pure Metal Base Value (10g @ ₹183.76/g):₹1,838

Retail GST (3%):+₹55

Frequently Asked Questions: Silver Rate in Nashik

Important guidelines for purchasing and selling physical silver in Nashik.

Today in Nashik, 1kg of 999 fine silver is ₹1,89,272.8 (including 3% GST), and 10 grams costs ₹1,892.73. For 925 sterling jewelry silver, 10 grams is ₹1,750.77.