Silver 999 price performance
▲ Up ₹20.00 (+7.4%) over 31 days
Madurai, Tamil Nadu, India
Silver Price
999 per gram
₹290.00
925 per gram
₹268.25
900 per gram
₹261.00
Last rate update: Mon, Jun 1, 2026 2:05 PM
Calculation output
| Line item | Value |
|---|---|
| Rate per gram | ₹290.00 |
| Weight in grams | 10.000 |
| Gold value | ₹2,900.00 |
| Chargeable weight | 10.000 |
| Making charge | ₹0.00 |
| GST amount | ₹87.00 |
| Total | ₹2,987.00 |
Recent rate history
| Date | Avg Price | Status |
|---|---|---|
| Jun 01, 2026 | ₹290.00 | Verified |
| May 31, 2026 | ₹290.02 | Verified |
| May 30, 2026 | ₹290.00 | Verified |
| May 29, 2026 | ₹288.23 | Verified |
| May 28, 2026 | ₹286.81 | Verified |
| May 27, 2026 | ₹291.77 | Verified |
| May 26, 2026 | ₹295.00 | Verified |
| May 25, 2026 | ₹295.00 | Verified |
| May 24, 2026 | ₹295.00 | Verified |
| May 23, 2026 | ₹295.00 | Verified |
In Madurai, Tamil Nadu, as of 14 May 2026, silver prices are influenced by global and local market dynamics. Silver remains a popular investment choice in India, especially given its cultural significance and widespread use in jewelry and industrial applications. The current rates for silver purity levels are approximately 315 INR per gram for 999 purity, 291.38 INR for 925 purity, and 283.50 INR for 900 purity. Over recent weeks, silver prices have shown an upward trend, reaching a high of 318 INR per gram on 14 May 2026, reflecting increased demand and market activity. Whether you're a seasoned investor or a first-time buyer in Madurai, understanding current rates and market movements can help you make informed decisions. Always consider the purity level and current market conditions before purchasing or selling silver in Tamil Nadu. Staying updated on local and international trends ensures you maximize value and avoid common pitfalls in precious metal transactions.
Market
Market pulse
Silver prices in Madurai have experienced notable fluctuations over the past month, with a recent peak of 318 INR per gram as of 14 May 2026. The market has been driven by global economic factors and local demand, with prices trending upward since early April. The steady increase suggests growing interest among investors and consumers in Tamil Nadu. Monitoring these trends can help buyers and sellers time their transactions effectively. As silver remains a versatile asset, staying aware of market pulses is crucial for making strategic decisions in this dynamic environment.
Guide
Buyer playbook
For buyers in Madurai considering silver, it’s essential to verify current rates and purity levels before making a purchase. Start by checking the latest market prices and ensure the silver is certified for its purity—whether 999, 925, or 900. Compare rates from reputable local dealers and inquire about any additional charges or premiums. Always inspect the silver for markings and authenticity, and consider the current market trend to decide the optimal time to buy. Keep records of your transactions for future reference. If selling, ensure you receive a fair quote based on the current rates and purity. Educate yourself about the local market conditions and avoid rushed decisions during price volatility. Patience and due diligence can help you secure the best value in Madurai’s silver market.
Checklist
Local buying checklist
- Verify current rates.
- Check purity markings.
- Inspect silver for authenticity.
- Compare prices from multiple dealers.
- Confirm transaction details and receipts.
- Keep records of your purchase or sale.
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FAQ
Frequently asked questions
What is the current price of silver in Madurai?
As of 14 May 2026, silver prices in Madurai are approximately 315 INR per gram for 999 purity, 291.38 INR for 925, and 283.50 INR for 900 purity.
How can I verify the purity of silver in Madurai?
Check for official purity markings on the silver, and purchase from reputable dealers who provide certification or assay reports.
Is it a good time to buy silver now?
Silver prices have been trending upward, reaching a recent high of 318 INR per gram. Consider market trends and your personal investment goals before purchasing.
Where should I buy silver in Madurai?
Buy from established and reputable local jewelers or dealers who offer certified silver and transparent pricing.
What should I look for when selling silver in Madurai?
Ensure you receive a fair quote based on current rates, verify the purity, and keep records of your transaction for future reference.
Are there any additional costs when buying silver in Madurai?
Additional costs may include premiums, taxes, or handling fees. Always clarify these charges before completing your purchase.