Silver 999 price performance
▼ Down ₹34.97 (-12.1%) over 31 days
Machilīpatnam, Andhra Pradesh, India
Silver Price
999 per gram
₹254.76
925 per gram
₹235.65
900 per gram
₹229.28
Last rate update: Sat, Jun 20, 2026 12:33 PM
Calculation output
| Line item | Value |
|---|---|
| Rate per gram | ₹254.76 |
| Weight in grams | 10.000 |
| Gold value | ₹2,547.60 |
| Chargeable weight | 10.000 |
| Making charge | ₹0.00 |
| GST amount | ₹76.43 |
| Total | ₹2,624.03 |
Recent rate history
| Date | Avg Price | Status |
|---|---|---|
| Jun 20, 2026 | ₹254.76 | Verified |
| Jun 19, 2026 | ₹258.27 | Verified |
| Jun 18, 2026 | ₹270.79 | Verified |
| Jun 17, 2026 | ₹274.74 | Verified |
| Jun 16, 2026 | ₹275.91 | Verified |
| Jun 15, 2026 | ₹277.61 | Verified |
| Jun 14, 2026 | ₹269.75 | Verified |
| Jun 13, 2026 | ₹268.70 | Verified |
| Jun 12, 2026 | ₹263.57 | Verified |
| Jun 11, 2026 | ₹259.73 | Verified |
In Machilipatnam, Andhra Pradesh, as of 12 May 2026, silver prices are influenced by recent market fluctuations and global economic factors. Silver remains a popular choice among investors and collectors in India, especially given its historical significance and versatility. The current rates for different purities are 299.72 INR for 999 purity, 277.24 INR for 925 purity, and 269.75 INR for 900 purity. Over the past month, silver prices have shown a steady upward trend, reaching a high of 294.59 INR on 12 May. Understanding the local market dynamics and purity standards is essential for making informed buying or selling decisions. Whether you're purchasing silver jewelry, coins, or bars, staying updated on current rates and market trends helps ensure you get the best value. This guide aims to provide clarity on how to navigate the silver market in Machilipatnam, Andhra Pradesh, and highlights key considerations for buyers and sellers alike.
Market
Market pulse
Silver prices in Machilipatnam have experienced notable growth as of 12 May 2026, with the rate reaching 294.59 INR. The recent upward trend reflects increased demand and market optimism. Prices have fluctuated slightly over the past month but show a consistent rise, influenced by global economic factors and regional market activity. Keeping an eye on these trends can help buyers and sellers make timely decisions. As the market continues to evolve, staying informed about current rates and market sentiment is crucial for maximizing value in silver transactions in Andhra Pradesh.
Guide
Buyer playbook
When purchasing silver in Machilipatnam, start by researching current market rates for the specific purity you desire, such as 999, 925, or 900. Always verify the authenticity and purity markings on silver items, and consider buying from reputable dealers with transparent pricing. Compare prices across multiple vendors to ensure you receive a fair deal, especially since silver prices can fluctuate daily. If buying jewelry or coins, check for hallmarks and certification to confirm quality. Keep an eye on market trends and recent price movements to time your purchase effectively. Additionally, consider the form of silver—bars, coins, or jewelry—that best suits your investment or collection goals, and be aware of any local taxes or fees that may apply in Machilipatnam.
Checklist
Local buying checklist
- Verify current rates.
- Check purity markings.
- Confirm seller reputation.
- Inspect for authenticity.
- Compare prices locally.
- Review applicable taxes or fees.
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FAQ
Frequently asked questions
What is the current silver rate in Machilipatnam?
As of 12 May 2026, the silver rate for 999 purity is 299.72 INR per gram, for 925 purity is 277.24 INR, and for 900 purity is 269.75 INR.
How has silver pricing changed recently in Machilipatnam?
Silver prices have increased from around 268 INR in April to a high of 294.59 INR on 12 May 2026, reflecting a steady upward trend.
What should I check before buying silver jewelry in Machilipatnam?
Verify purity markings, inspect for authenticity, buy from reputable dealers, and ensure the jewelry has proper hallmarks or certification.
Are there any taxes or fees on silver purchases in Andhra Pradesh?
Local taxes or fees may apply; it's advisable to check with local vendors for specific charges related to silver transactions.
How can I ensure the purity of silver I buy?
Look for official hallmarks, purchase from trusted dealers, and consider professional testing if necessary.
Is it better to buy silver in coin, bar, or jewelry form?
The choice depends on your purpose—coins and bars are typically preferred for investment, while jewelry is suitable for personal use or gifting.