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

The silver price in Vadodara carries a regional logistics adjustment of +₹80/kg compared to national port benchmarks. Differences reflect interstate bullion transportation, local vault storage, and demand patterns across Mandvi Bullion Row, Raopura Saraf Bazaar, Alkapuri, Old Padra Road.

Where are the major silver bullion markets in Vadodara?

The primary wholesale and retail silver exchanges in Vadodara are concentrated around Mandvi Bullion Row, Raopura Saraf Bazaar, Alkapuri, Old Padra Road, where local bullion dealers quote daily hallmark bullion rates.

How can I verify silver purity when buying in Vadodara?

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.

Vadodara, Gujarat • Regional Rate Desk (West India)

Silver Rate in Vadodara Today

Indicative daily physical retail silver benchmark for Vadodara. Calculated from spot parity, composite landed import adjustments, regional logistics premium (+₹80/kg), and applicable statutory 3% retail GST. Refreshed: 07:02 am IST.

Vadodara 1 Gram (999 Pure)

₹189.23

Incl. 3% GST • Base: ₹183.72

Vadodara 10 Grams (Tola)

₹1,892.32

Popular Coin Weight • 925 Jewelry: ₹1,750.39

Vadodara 1 Kilogram (Bar)Benchmark

₹1,89,231.6

Standard Bullion Bar • Incl. 3% GST

Vadodara Silver Price Table • Today's Rates

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

Local Markup: +₹80/kg

Denomination	999 Pure (Base)	999 Pure (Incl. 3% GST)	925 Jewelry (Base)	925 Jewelry (Incl. 3% GST)
1 Gram	₹183.72	₹189.23	₹169.94	₹175.04
8 Grams (Pavalam)	₹1,469.76	₹1,513.85	₹1,359.53	₹1,400.32
10 Grams (Tola)	₹1,837.2	₹1,892.32	₹1,699.41	₹1,750.39
100 Grams	₹18,372	₹18,923.16	₹16,994.1	₹17,503.92
1 Kilogram (1000g)	₹1,83,720	₹1,89,231.6	₹1,69,941	₹1,75,039.23

Local Silver Markets & Bullion Hubs in Vadodara

Prominent Bullion & Jewellery Markets:

Mandvi Bullion RowRaopura Saraf BazaarAlkapuriOld Padra Road

Mandvi is the royal cultural city's historic silver bullion center. Rates align closely with Ahmedabad benchmarks, providing pure silver supply to both chemical/pharmaceutical manufacturing units and royal heritage silverware smiths.

Demand & Consumption Profile:

Industrial chemical catalyst silver grids, royal silverware replicas, festive Navratri silver chaniya-choli accessories, and 1kg bars.

Vadodara Precious Metals Compliance & Tips

Regional Trade Body

Vadodara Saraf Association

BIS Hallmarking & Assaying

Mandvi & Raopura BIS Assaying Hubs

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 Mandvi Bullion Row dealers before committing to large silverware purchases.

Quick Silver Converter

Live Formula

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Silver Purity

Include 3% GST

Estimated Total Retail Price

₹1,892

Pure Metal Base Value (10g @ ₹183.72/g):₹1,837

Retail GST (3%):+₹55

Frequently Asked Questions: Silver Rate in Vadodara

Important guidelines for purchasing and selling physical silver in Vadodara.

Today in Vadodara, 1kg of 999 fine silver is ₹1,89,231.6 (including 3% GST), and 10 grams costs ₹1,892.32. For 925 sterling jewelry silver, 10 grams is ₹1,750.39.