Silver Price Today in Visakhapatnam

Today's silver price in Visakhapatnam is ₹233.65 per gram and ₹2,33,650 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.

Visakhapatnam's Dwaraka Nagar and old town silver traders serve Andhra Pradesh's coastal and rural demand, with the city's port connectivity historically supporting reliable silver bullion supply.

Telugu households in Vizag buy silver 'pattilu' (anklets) and silver coins during Varalakshmi Vratam, mirroring the state's broader custom of treating silver as the practical, everyday counterpart to ceremonial gold.

Buying tip: Vizag's silver prices are generally competitive within Andhra Pradesh. Local craftsmen in the old town area offer traditional Andhra silver designs at lower making charges than branded showrooms, similar to the city's gold market.

Silver prices in Visakhapatnam include Andhra Pradesh 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.