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

The silver price in Varanasi carries a regional logistics adjustment of +₹200/kg compared to national port benchmarks. Differences reflect interstate bullion transportation, local vault storage, and demand patterns across Thatheri Bazaar, Chowk Sarafa, Rathyatra, Godowlia.

Where are the major silver bullion markets in Varanasi?

The primary wholesale and retail silver exchanges in Varanasi are concentrated around Thatheri Bazaar, Chowk Sarafa, Rathyatra, Godowlia, where local bullion dealers quote daily hallmark bullion rates.

How can I verify silver purity when buying in Varanasi?

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.

Varanasi, Uttar Pradesh • Regional Rate Desk (North India)

Silver Rate in Varanasi Today

Indicative daily physical retail silver benchmark for Varanasi. Calculated from spot parity, composite landed import adjustments, regional logistics premium (+₹200/kg), and applicable statutory 3% retail GST. Refreshed: 07:02 am IST.

Varanasi 1 Gram (999 Pure)

₹189.36

Incl. 3% GST • Base: ₹183.84

Varanasi 10 Grams (Tola)

₹1,893.55

Popular Coin Weight • 925 Jewelry: ₹1,751.54

Varanasi 1 Kilogram (Bar)Benchmark

₹1,89,355.2

Standard Bullion Bar • Incl. 3% GST

Varanasi Silver Price Table • Today's Rates

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

Local Markup: +₹200/kg

Denomination	999 Pure (Base)	999 Pure (Incl. 3% GST)	925 Jewelry (Base)	925 Jewelry (Incl. 3% GST)
1 Gram	₹183.84	₹189.36	₹170.05	₹175.15
8 Grams (Pavalam)	₹1,470.72	₹1,514.84	₹1,360.42	₹1,401.23
10 Grams (Tola)	₹1,838.4	₹1,893.55	₹1,700.52	₹1,751.54
100 Grams	₹18,384	₹18,935.52	₹17,005.2	₹17,515.36
1 Kilogram (1000g)	₹1,83,840	₹1,89,355.2	₹1,70,052	₹1,75,153.56

Local Silver Markets & Bullion Hubs in Varanasi

Prominent Bullion & Jewellery Markets:

Thatheri BazaarChowk SarafaRathyatraGodowlia

Thatheri Bazaar is Varanasi's historic metal-craft guild lane, nationally renowned for producing silver Ganga aarti lamps, pure silver bilva leaves, and pilgrimage religious souvenirs for millions of annual spiritual visitors.

Demand & Consumption Profile:

Ganga Aarti devotional lamps, Shiva lingam silver covers, religious pilgrimage silver medallions, and traditional eastern UP silverware.

Varanasi Precious Metals Compliance & Tips

Regional Trade Body

Kashi Sarafa Association

BIS Hallmarking & Assaying

Thatheri Bazaar & Chowk BIS Assaying 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 Thatheri Bazaar dealers before committing to large silverware purchases.

Quick Silver Converter

Live Formula

Enter Weight

Silver Purity

Include 3% GST

Estimated Total Retail Price

₹1,894

Pure Metal Base Value (10g @ ₹183.84/g):₹1,838

Retail GST (3%):+₹55

Frequently Asked Questions: Silver Rate in Varanasi

Important guidelines for purchasing and selling physical silver in Varanasi.

Today in Varanasi, 1kg of 999 fine silver is ₹1,89,355.2 (including 3% GST), and 10 grams costs ₹1,893.55. For 925 sterling jewelry silver, 10 grams is ₹1,751.54.