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

The silver price in Surat carries a regional logistics adjustment of +₹50/kg compared to national port benchmarks. Differences reflect interstate bullion transportation, local vault storage, and demand patterns across Chauta Bazar, Bhagal Bullion Row, Ghopad Road, Varachha.

Where are the major silver bullion markets in Surat?

The primary wholesale and retail silver exchanges in Surat are concentrated around Chauta Bazar, Bhagal Bullion Row, Ghopad Road, Varachha, where local bullion dealers quote daily hallmark bullion rates.

How can I verify silver purity when buying in Surat?

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.

Surat, Gujarat • Regional Rate Desk (West India)

Silver Rate in Surat Today

Indicative daily physical retail silver benchmark for Surat. Calculated from spot parity, composite landed import adjustments, regional logistics premium (+₹50/kg), and applicable statutory 3% retail GST. Refreshed: 05:30 am IST.

Surat 1 Gram (999 Pure)

₹232.4

Incl. 3% GST • Base: ₹225.63

Surat 10 Grams (Tola)

₹2,323.99

Popular Coin Weight • 925 Jewelry: ₹2,149.69

Surat 1 Kilogram (Bar)Benchmark

₹2,32,398.9

Standard Bullion Bar • Incl. 3% GST

Surat Silver Price Table • Today's Rates

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

Local Markup: +₹50/kg

Denomination	999 Pure (Base)	999 Pure (Incl. 3% GST)	925 Jewelry (Base)	925 Jewelry (Incl. 3% GST)
1 Gram	₹225.63	₹232.4	₹208.71	₹214.97
8 Grams (Pavalam)	₹1,805.04	₹1,859.19	₹1,669.66	₹1,719.75
10 Grams (Tola)	₹2,256.3	₹2,323.99	₹2,087.08	₹2,149.69
100 Grams	₹22,563	₹23,239.89	₹20,870.78	₹21,496.9
1 Kilogram (1000g)	₹2,25,630	₹2,32,398.9	₹2,08,707.75	₹2,14,968.98

Local Silver Markets & Bullion Hubs in Surat

Prominent Bullion & Jewellery Markets:

Chauta BazarBhagal Bullion RowGhopad RoadVarachha

Surat combines diamond cutting leadership with rapid modern silver jewelry fabrication. Bullion rates are nearly on par with Mumbai due to immediate rail and highway logistics corridors.

Demand & Consumption Profile:

Silver jewelry fabrication, diamond-set silver ornaments, diamond polishers' festive gifting coins, and institutional bars.

Surat Precious Metals Compliance & Tips

Regional Trade Body

Surat Bullion Association

BIS Hallmarking & Assaying

Mahidharpura & Chauta Bazar 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 Chauta Bazar dealers before committing to large silverware purchases.

Quick Silver Converter

Live Formula

Enter Weight

Silver Purity

Include 3% GST

Estimated Total Retail Price

₹2,324

Pure Metal Base Value (10g @ ₹225.63/g):₹2,256

Retail GST (3%):+₹68

Frequently Asked Questions: Silver Rate in Surat

Important guidelines for purchasing and selling physical silver in Surat.

Today in Surat, 1kg of 999 fine silver is ₹2,32,398.9 (including 3% GST), and 10 grams costs ₹2,323.99. For 925 sterling jewelry silver, 10 grams is ₹2,149.69.