Silver Price Today in Vadodara

Today's silver price in Vadodara is ₹233.3 per gram and ₹2,33,300 per kg for 999 fine silver. Prices are updated daily based on MCX silver futures and international LBMA spot rates, including applicable duties and GST.

Vadodara's Mandvi silver market serves central Gujarat's demand for silver coins and ritual items, with the city's historic Gaekwad-era patronage of fine craftsmanship extending to silverware as well as gold and diamonds.

Vadodara's Gujarati and Jain households follow the state's typical Diwali and Dhan Teras silver-coin gifting customs, alongside silver 'kandora' for children, common across Gujarat.

Buying tip: Vadodara's silver prices mirror Ahmedabad's given the shared Gujarat tax structure. For investment-grade silver, bank-issued coins offer more standardised pricing than ornamental pieces from Mandvi's smaller shops.

Silver prices in Vadodara include Gujarat state taxes and local dealer margins. GST of 3% is applicable on all silver purchases in India. For 925 sterling silver (used in most jewellery), the price per gram is approximately 7.5% lower than 999 fine silver. Always check for BIS hallmarking when buying silver jewellery.