Silver Rate In Nashik: 2025 Review

If you are planning to purchase silver in Nashik, whether for personal use or as an investment,  its latest prices in this article will help you make the right decision.

Currently, the Silver price is ₹99.50 per gram in Nashik. However, it changes due to market trends, demand, and global factors. Investors, jewelers, and traders closely track these fluctuations before making purchases.

This article will cover all the detailed information on the latest silver rates and the factors that can affect the prices, and it will also provide tips for buying silver.

Today’s Silver Rate In Nashik

The 1 gram silver rate today in Nashik is approximately ₹99.50, according to Good Returns. Silver prices fluctuate daily based on several factors, including global demand, inflation trends, and market conditions.

Tracking daily price changes is crucial if you’re looking to invest in silver or purchase it for individual use. The table below will show the current price from 1 gram to 1 Kg:

Weight	Silver Price in Nashik (INR)
1 Gram	₹99.50
10 Grams	₹995
100 Grams	₹9,950
1 Kg	₹99,500

For information, Nashik is also famous for its Silver, so it is indeed a smart investment option due to its affordability and industrial applications.

Remember, Prices may vary slightly across different jewelers and dealers, so it’s advisable to check with trusted sellers before making a purchase. Stay updated with the latest silver rates with us to make informed buying decisions.

Silver Rate Calculator

Today’s Silver Rate in Nashik With GST

Nashik Silver’s current price is ₹99,500 per kilogram, but it can vary slightly depending on the jeweler. But, while purchasing silver, GST is also added to it. The government charges a 3% GST on silver purchases, which increases the overall cost.

This tax applies to all silver purchases, whether in the form of jewellery, coins, or bars. For example, if you buy 1 kg of silver, priced at ₹99,500, GST is calculated as:

GST = (₹99,500 × 3%) = ₹2,985

Thus, the final price after GST will be:

₹99,500 + ₹2,985 = ₹1,02,485

Below is the silver price in Nashik with GST:

Quantity	Base Price (₹)	GST (3%)	Final Price
1 Gram	99.50	2.99	₹102.49
10 Grams	995	29.85	₹1,024.85
100 Grams	9,950	298.50	₹10,248.50
1 Kg	99,500	2,985	₹1,02,485

This table will guide you in considering the silver costs after GST is applied to it, which you can consider before purchasing.

Note: Always purchase Silver from trusted dealers to ensure transparency in pricing.

Investment Options in Silver

Silver is a popular choice for investors looking for an affordable and valuable asset. There are different ways to invest in silver, each with its own benefits and risks.

Understand these options will help you make a smart investment decision. Below are three main ways to invest in silver.

1. Physical Silver (Coins, Bars, Jewellery)

Buying silver in physical form is the most traditional investment method. You can purchase silver coins, bars, or jewelry from local jewelers or authorized dealers.

The advantage of owning physical silver is that you have complete control over it, which can be used for personal purposes or as an asset. However, storage and security can be a concern. Additionally, you might not get the exact market price when selling physical silver due to making charges and purity concerns.

2. Silver ETFs & Mutual Funds

For those who don’t want to store silver physically, Silver Exchange-Traded Funds (ETFs) and Mutual Funds are good alternatives. These funds track silver prices and allow you to invest without buying the metal.

Investing in silver ETFs is easy, as you can buy and sell them through stock exchanges. The main benefit is that there are no storage concerns and high liquidity. However, management fees apply, and the value of your investment depends on market fluctuations.

3. Silver Futures & Trading

Silver futures and trading allow investors to buy and sell silver at a future date based on an agreed price. This type of investment is suited for those who understand market trends and price movements.

It offers the potential for high returns but also comes with risks. Since silver prices fluctuate daily, investors may face losses if the market moves unexpectedly. Trading in silver futures requires knowledge, careful monitoring, and a proper risk management strategy.

Tips For Nashik Customers To Buy Silver

Silver prices fluctuate, and making the right purchase requires careful consideration. Follow these tips that will help you get the best value for your money.

1. Check the Daily Silver Rate

Silver prices change every day based on market trends and demand. Always check the 1-gram silver rate today before making a purchase. Knowing the current rate helps you avoid overpaying and ensures you get silver at a fair price. Online platforms and local jewellers provide daily price updates.

2. Buy from Trusted Sellers

Always buy silver from trusted jewelers, banks, or authorized dealers to ensure purity and authenticity. Reputable sellers provide proper certification and guarantee the silver’s quality. Avoid buying from unknown sources, as there is a risk of getting impure or counterfeit silver.

3. Verify Silver Purity and Hallmark

Silver purity is measured in percentage or parts per thousand, with 99.9% being the highest. Look for hallmark certification, which ensures that the silver meets quality standards. Hallmarked silver guarantees authenticity and makes resale easier without doubts about its value.

4. Understand Making and Wastage Charges

If you buy silver jewelry, be aware of making and waste charges. These additional costs vary from one jeweller to another. Compare prices and charges before purchasing to ensure you get the best deal without unnecessary extra costs.

5. Consider GST and Other Charges

Silver purchases include a 3% GST, which adds to the final price. Before purchasing, always calculate the total cost, including taxes and any other fees. Understanding these costs will help make decisions and avoid unexpected expenses.

6. Choose the Right Form of Silver

Decide whether you want to buy silver as coins, bars, or jewelry based on your purpose. Coins and bars are better for investment, as they have higher resale value, while jewelry can be used for personal wear but may include additional charges.

What Are The Factors Affecting Silver In Nashik?

Several key factors influence the price of silver in Nashik. Understanding these factors can help investors and buyers make informed decisions.

1. International Silver Prices

Silver is a globally traded commodity, and its price in Nashik is directly affected by international market rates. The fluctuations in silver prices on major exchanges like COMEX (New York) and the London Bullion Market impact local rates. Any change in global demand or supply can influence Nashik’s silver prices.

2. Indian Rupee to US Dollar Exchange Rate

Silver is primarily imported to India, and its price depends on the strength of the Indian Rupee (INR) against the US Dollar (USD). If the INR weakens against the USD, the cost of importing silver increases, leading to higher local silver prices. Conversely, a stronger rupee can reduce silver rates.

3. Industrial Demand for Silver

Silver has extensive industrial applications, including electronics, solar panels, and medical instruments. A rise in demand from these industries can lead to price increases. For example, Nashik, being close to Maharashtra’s industrial hubs, sees silver demand from manufacturing sectors, impacting its price.

4. Inflation and Economic Stability

Silver is considered a hedge against inflation. When inflation rises, investors turn to silver as a safe-haven asset, increasing its demand and price. Economic uncertainties, such as recessions or geopolitical tensions, also drive up silver prices as people invest in precious metals for security.

5. Government Policies and Import Duties

The Indian government regulates silver imports through customs duties, GST, and other taxes. Any increase in import duties or tax rates directly raises the cost of silver in Nashik. Additionally, policies related to mining and environmental regulations impact silver supply and pricing.

6. Interest Rates and Investment Trends

Silver competes with fixed-income assets like bonds and fixed deposits. Investors prefer metals over traditional financial instruments when low interest rates increase silver demand and price. Conversely, higher interest rates can reduce silver’s appeal, causing prices to fall.

7. Festivals, Weddings, and Seasonal Demand

In India, silver demand increases during festivals like Diwali, Dussehra, Akshaya Tritiya, and during the wedding season. During these periods, the increased demand for silver jewelry and coins pushes prices higher in Nashik.

Silver vs. Gold: Which is Better Investment?

Gold and silver both offer investment opportunities, but their value, stability, and risk profiles differ. Today, the price of 24K gold in Nashik is ₹8,709 per gram, while 22K gold stands at ₹7,983 per gram. (Source: Good Returns)

In contrast, silver is priced at ₹99.50 per gram. Gold is indeed a preferred choice for long-term investors, especially during economic uncertainty.

Its higher value per gram and performance against inflation contribute to its demand. Conversely, Silver is more volatile but offers affordability and industrial demand, which can lead to potential short-term gains.

Gold Rate in Nashik Today

Here’s a table of today’s gold rates in Nashik;

Purity	Price per gram	Change from yesterday
22K Gold	₹7,983	+₹35
24K Gold	₹8,709	+₹39
18K Gold	₹6,532	+₹28

(Source: Good Returns)

Looking at the current trends in Nashik, gold prices have shown steady growth, with a 3.03% increase in 22K gold prices this month alone. This suggests continued strong investment demand in the local market.

Silver Prices Inflation: Future Outlook

Silver prices have shown interesting fluctuations over the past year. Let’s analyze how the prices have evolved to understand the investment potential.

Time Period	Price per kg	Change vs Today
Today	₹99,500	—
Yesterday	₹99,500	No change
1 Week Ago	₹99,500	No change
1 Month Ago	₹98,500	+₹1,000
3 Months Ago	₹97,000	+₹2,500
6 Months Ago	₹95,500	+₹4,000
1 Year Ago	₹92,500	+₹7,000

This price trend shows silver has appreciated by approximately 7.5% over the past year. The most significant changes occurred in recent months, particularly in the last quarter of 2024 and early 2025.

Factors like industrial demand and global economic conditions will likely influence silver prices in Nashik. This upward trend suggests growing investor confidence in silver as a store of value.

Conclusion: Silver Is Approx. ₹99.50/ Gram In Nashik

Silver in Nashik. currently priced at approximately ₹99.50 per gram, makes it an accessible option for buyers and investors. The personal use purchasers or you can gift or make an investment by considering Silver’s current price and market factors.

It is important to remember that Silver prices fluctuate based on market demand, inflation, and global trends, so stay updated to make a correct decision.

The 3% GST on silver purchases affects the total price, so it’s important to calculate it before buying. Keep track of the latest rates and buy from trusted sellers to ensure quality and fair pricing.

FAQs

What factors affect silver rates in Nashik?

International silver prices, currency exchange rates, local demand, industrial requirements, and overall economic conditions directly impact silver rates in Nashik’s market.

Where can I check daily silver rates in Nashik?

You can check silver rates through local jewelers, financial websites, newspaper market sections, or mobile apps that track precious metal prices in real time.

What is the silver rate in Nashik 10 grams?

The silver rate in Nashik for 10 grams is approximately ₹954.60. Silver prices remain stable but can change based on market demand and global factors. It’s best to check the latest rates before making a purchase.

How much is 1 gram of silver?

The 1 gram silver rate today in Nashik is approximately ₹99.50. Silver prices fluctuate based on market conditions, demand, and global trends. Always verify the latest rates from reliable sources before buying.

How often do silver rates change in Nashik?

Silver rates in Nashik can change daily or even multiple times within a day, influenced by global market conditions, economic factors, and local demand.