Silver Rate Today in Andaman and Nicobar Islands – 7 Nov 2026, 8 AM IST

• Today's silver rate in Andaman and Nicobar
• How the rate is determined
• Making charges and GST
• Where to buy silver in Port Blair
• Shell and pearl craft heritage
• Best time to buy silver

The figures in the live table are bullion reference rates for the Andaman and Nicobar Islands, quoted per gram for 999 fine silver and 925 sterling silver, refreshed every business day against MCX and IBJA benchmarks. This is the same base rate Port Blair's jewellers price against, before adding their own making charges and a modest freight related premium.

The islands have no local bullion market of their own, unlike mainland cities such as Chennai or Kolkata. Every gram of silver sold here has already travelled from a mainland refiner before reaching a Port Blair retail counter. This page covers today's rate, how it is set, making charges and GST, purity verification, where to buy and sell, the islands' craft heritage, the buying calendar, taxation and a detailed FAQ.

The weight table converts today's per gram rate into the denominations Port Blair's buyers transact in, from a single gram through 10 grams, 100 grams and a kilogram, for both 999 and 925 purity.

Given the islands' small resident population and limited local stock, larger purchases such as a full kilogram of investment silver are usually special ordered from a Port Blair jeweller's mainland supplier rather than bought off the shelf, with a short wait for delivery by air or sea freight.

Unlike mainland states with multiple competing jewellery markets across several cities, the Andaman and Nicobar Islands have only one significant retail centre, Port Blair, so there is no meaningful city wise rate comparison to make within the territory itself.

The base bullion rate here matches the national IBJA benchmark exactly, as it does everywhere in India. The only genuine local variation comes from individual jewellers' making charges and the modest freight premium built into their sourcing costs, both of which are worth comparing across the small number of established shops in and around Aberdeen Bazaar before a significant purchase.

A single day's rate tells you very little on its own. The last ten trading sessions tell you whether today's print sits at the top of a run, at the bottom of a pullback, or somewhere in the middle of a flat stretch.

Read the net movement from the earliest session to today, the high and low that define the trading range, and whether daily changes are small and steady or large and alternating. Silver moves harder in percentage terms than gold on the same news, so expect a wider range here than on an Andaman and Nicobar gold rate page over the same window.

The trend table sets today's rate against its opening and closing values over seven days, 30 days and 12 months. The shorter windows capture sentiment; the 12 month window captures the structural story, chiefly global industrial demand, ETF investment flows and the gold to silver ratio.

The islands track the national IBJA benchmark exactly, since there is no local bullion market here to introduce any regional divergence, unlike larger mainland trading hubs.

Silver trades continuously in US dollars per troy ounce on COMEX and the London Bullion Market Association benchmark, converts at the prevailing USD to INR rate, and picks up customs duty, cess and GST before reaching Indian retail anywhere, including Port Blair.

Because the islands have no local bullion desks, Port Blair's jewellers simply price against the same national IBJA reference rate that mainland dealers use, adding their own margin and a freight related cost for stock shipped in from Chennai or Kolkata.

Real interest rates, the US dollar, industrial demand and investment flows move the international price. The rupee's exchange rate and Indian import duty changes move the local price on top of that, and both filter through to Port Blair the same way they do everywhere else in India.

Locally, Diwali and the Island Tourism Festival bring the main seasonal uplift in buying, with jewellers timing their mainland orders to arrive ahead of both.

999 fine silver is 99.9 percent pure and is the form used for investment coins and bars, though demand for pure investment silver is a smaller share of the islands' trade than on the mainland, given the smaller resident population.

925 sterling silver, 92.5 percent pure with the remainder mostly copper, is the standard for the jewellery and craft pieces sold across Port Blair's shops, including designs that incorporate local shell and pearl work. Confirm which purity a quote refers to before comparing shops.

The rate on this page is the metal price. What you pay at the counter adds making charges, then GST at 3 percent on the total of metal plus making.

What making charges typically run in Port Blair

• Silver coins | roughly 4 to 9 percent, close to 999 purity, slightly above mainland rates given freight costs
• Rings, chains and standard jewellery | roughly 6 to 18 percent based on the work involved
• Craft jewellery incorporating shell or pearl work | priced individually by the artisan or retailer

A worked example: a 40 gram silver piece with 14 percent making adds 14 percent to the metal value, then 3 percent GST on that subtotal, for a final bill roughly 17.4 percent above the pure metal value, before any local freight premium.

Silver hallmarking became mandatory across India, including the Andaman and Nicobar Islands, from 1 September 2025, with a six digit HUID marked on each hallmarked piece alongside the BIS Standard Mark and purity grade.

• Look for the BIS Standard Mark, purity grade and HUID number on the piece
• Verify the HUID independently using the BIS CARE app rather than relying on the jeweller's word alone
• Ask the jeweller to weigh the piece in front of you and confirm the purity claim against the day's published rate

Since the islands have no local BIS Assaying and Hallmarking Centre of their own, hallmarked stock sold in Port Blair is assayed on the mainland before shipment, so buying from an established, BIS registered jeweller with a proper GST invoice matters even more here than on the mainland.

Aberdeen Bazaar, Port Blair's central market area, is home to the large majority of the islands' jewellery shops, selling alongside handicrafts, souvenirs and everyday goods to both residents and the steady stream of tourists who pass through the capital on their way to Havelock, Neil Island and the rest of the archipelago.

Beyond Port Blair, jewellery retail on the islands is minimal to non-existent, with most residents of outlying areas travelling into the capital for any significant purchase. This concentration means Port Blair effectively sets the islands' silver pricing and selection on its own, without the city versus city comparison that exists on the mainland.

Silver sold in the Andaman and Nicobar Islands is sourced almost entirely from mainland wholesalers in Chennai and Kolkata, the two ports with the most regular sailing and flight connections to Port Blair, then flown or shipped in as finished jewellery, coins and bars by local retailers.

This logistics chain adds a small freight and insurance cost that mainland buyers do not pay, which is typically reflected in a modest local premium over the base MCX and IBJA rate rather than in the making charge itself. For a large purchase, some Port Blair jewellers place special orders with mainland suppliers rather than holding extensive stock locally, given the cost of carrying inventory across the sea.

Tourism is the dominant driver of the Andaman and Nicobar economy, and Port Blair's jewellery and handicraft shops see a genuine share of their silver jewellery and craft sales come from visitors rather than local residents, particularly around the annual Island Tourism Festival held in Port Blair.

This tourist demand skews toward lighter, giftable silver pieces and craft jewellery incorporating local shell and pearl work, rather than the heavier investment coins and bridal sets that dominate mainland silver buying, giving the islands' silver retail a genuinely different product mix from most Indian states.

Silver buying in the islands follows the national festival calendar, celebrated by the mixed Hindu, Christian, Sikh and Muslim population that has settled in Port Blair over generations from across mainland India.

• Dhanteras and Diwali, the biggest annual buying peak, though stock levels depend heavily on shipments timed well ahead of the festival
• Akshaya Tritiya, a significant occasion for buying and gifting silver
• Wedding season, a further seasonal peak
• The Island Tourism Festival, a 15 day annual event that brings a seasonal uplift in craft and gift jewellery sales to visitors

Because all stock arrives by sea or air freight, Port Blair's jewellers place their festival orders with mainland suppliers considerably earlier than mainland retailers do, to avoid running short during the peak buying weeks.

The Andaman and Nicobar Islands carry a distinct craft tradition built around the shells found abundantly along their coastline, cleaned, polished and worked into bangles, pendants and inlay pieces, often set together with silver by local artisans.

Sagarika, the government emporium in Port Blair, and the shops around Aberdeen Bazaar remain the main outlets for this craft jewellery, alongside natural pearl pieces sourced from the surrounding waters, giving the islands a genuinely different jewellery character from anywhere on the Indian mainland.

Aberdeen Bazaar in Port Blair is the islands' silver trade centre, with a small cluster of established jewellery shops alongside the Sagarika government emporium for craft and shell work.

What to check wherever you buy

• BIS hallmark where the piece carries one
• The day's rate displayed and the making charge quoted as a percentage in writing
• A proper GST invoice carrying weight, purity, rate and making charge

Exchange at an established jeweller in Aberdeen Bazaar, ideally the one who sold it, with the piece weighed and purity tested in front of you. Given the small number of shops on the islands, most established jewellers are well known locally, which helps with trust on both sides of a resale.

Some buyers with significant holdings prefer to sell during a mainland visit, where a wider choice of buyers can mean a slightly better price, though this is a matter of personal convenience rather than a meaningful rate difference.

India imports over 80 percent of the silver it consumes, mostly as bullion cleared through customs before reaching refiners, bullion dealers and eventually jewellers across the country, including the small volumes shipped onward to Port Blair.

Import policy has shifted more than once recently, with bullion duty cut in 2025 and raised again in May 2026. More than half of global silver demand comes from industry, chiefly solar, electric vehicles and electronics, though the Andaman and Nicobar Islands' own tourism based economy has no industrial silver demand of its own.

Port Blair's modern jewellery trade grew alongside the city's development as the administrative capital of the islands following the end of the penal colony era at the historic Cellular Jail, as settlers from across mainland India, particularly Bengal, Tamil Nadu and Kerala, established the shops that still anchor Aberdeen Bazaar today.

This mixed settler community shaped a retail trade that reflects mainland tastes brought from several different states, rather than a single unified regional style, alongside the genuinely local shell and pearl craft tradition unique to the islands.

Nationally, rising silver prices through 2024, 2025 and 2026 have made buyers more price sensitive, and this national pattern is a reasonable guide to Port Blair's own retail trade, given how closely the islands' small market follows mainland pricing and sentiment.

What has held up in the islands is tourist demand for lighter craft and gift jewellery, a category less sensitive to the headline price per gram than the heavier investment and bridal buying that dominates mainland demand.

Taxes on silver are set nationally, so nothing here is specific to the islands, but three layers matter to every buyer.

At purchase, GST at 3 percent applies on the value of the metal plus making charges. At sale, profit on physical silver held over the qualifying period is taxed as long term capital gains; shorter holdings are taxed at your slab rate, and your original invoice establishes the cost basis. Large cash purchases require PAN above the prescribed threshold.

None of this is tax advice; thresholds and rates change with the Finance Act. For a large transaction, confirm current rules with a chartered accountant.

Silver is more volatile than gold day to day, since it carries a genuine industrial demand component nationally alongside its investment role. That makes it higher risk, higher potential reward, not a straightforward substitute for gold.

Coins and bars in 999 purity carry the lowest making cost and recover the most value on resale; jewellery in 925 purity carries making charges you do not recover. Given limited local stock, Port Blair buyers wanting pure investment silver may need to special order coins or bars in advance rather than buying on the spot.

Silver in India traded around 37,000 to 40,000 rupees per kilogram in 2015 and 2016, and stayed close to that band through 2018 and 2019. The metal rose steadily after the pandemic, crossing 78,000 rupees per kilogram in 2023.

The RBI's annual average for financial year 2024 to 2025 stood at roughly 89,000 rupees per kilogram, and financial year 2025 to 2026 saw an increase of about 82 percent to roughly 1,62,000 rupees per kilogram, the sharpest annual rise in the modern data series.

Over the full decade, an investor holding physical silver from 2015 through 2025 saw their holding value roughly triple. Andaman and Nicobar's rates have tracked this national curve throughout, priced daily off the same IBJA benchmark as the rest of India, just with the added freight cost of getting the metal to Port Blair.

Unlike gold, there is no prescribed ceiling on how much silver an individual can hold in India, provided it is acquired through disclosed, taxed income and you can produce invoices if asked.

Cash payments for a single silver purchase above the prescribed threshold require your PAN card to be furnished to the jeweller, and payments above two lakh rupees in cash for a single transaction are not permitted regardless of PAN. Paying digitally avoids this limit entirely.

Always retain your purchase invoices in Port Blair, since they are your primary evidence of legitimate ownership if silver holdings are ever questioned.

Unlike gold, over half of global silver demand now comes from industry rather than jewellery or investment, chiefly solar panels, electric vehicles, semiconductors and 5G hardware, a structural difference that is a major reason silver has moved more sharply than gold in recent years.

India imports over 80 percent of the silver it consumes. In September 2025 the government restricted imports of plain silver jewellery to curb duty evasion, and in May 2026 raised the import duty on silver bullion, changes that move the domestic price for the whole country, including the islands, independently of the global rate for a period.

Whether rates fall from current levels depends on factors nobody can predict with certainty. The practical approach for Port Blair buyers is to purchase against genuine need and timeline rather than trying to time the market.

Silver is more volatile than gold day to day because of its industrial demand component, which means larger swings in both directions. Over the last decade silver has occasionally outpaced gold in percentage terms during rally phases, though it also falls harder during pullbacks.

Equity markets have historically delivered higher long run returns than precious metals, but with far more volatility. Debt instruments such as fixed deposits give predictable, lower returns with minimal price risk.

For most Andaman and Nicobar households, silver's role in savings is a small, liquid, culturally familiar holding, not a replacement for equity, debt or, where held, mainland property.

Physical silver, bought as coins, bars or jewellery from a Port Blair jeweller, gives you something you can hold, gift or wear, but it attracts 3 percent GST at purchase, requires safe storage, and jewellery carries making charges you do not recover on resale.

Silver ETFs, listed on the NSE and BSE, let you hold silver electronically without storage concerns or GST, accessible from the islands the same as anywhere in India through a regular demat account, and can be a more practical route than physical stock given local supply constraints.

Both physical silver and silver ETFs are taxed the same way, at 12.5 percent on long term capital gains without indexation for holdings over 12 months, under the rules applicable for financial year 2025 to 2026.

• 999 fine silver: silver that is 99.9 percent pure, used for coins and bars
• 925 sterling silver: silver mixed with copper for strength, the standard for jewellery
• Chandi: the Hindi word for silver, commonly used in local searches; sona means gold
• Making charges: the fee a jeweller adds for crafting a piece, on top of the metal value
• Hallmark: the BIS purity certification mark stamped on eligible pieces
• HUID: the unique six digit hallmark identification number used to trace a certified piece
• IBJA: the India Bullion and Jewellers Association, source of the national reference rate

Silver tarnishes when exposed to air and humidity, and the islands' tropical, salt laden coastal climate makes this a genuinely bigger concern than on much of the mainland. Keep pieces in an airtight pouch or box, ideally with an anti tarnish strip, away from direct sea air exposure.

For larger holdings, a bank locker in Port Blair remains the most secure option. Keep your original purchase invoice with your stored silver, since it establishes purity, weight and cost basis if you need to sell or claim insurance later.

Some established jewellers in Port Blair offer monthly instalment schemes similar to those common on the mainland, where you deposit a fixed amount each month for around 11 months, with a bonus instalment added at the end, redeemable against jewellery.

Given the small number of shops on the islands, confirm the scheme's terms in writing and only join one with a jeweller who has an established, long standing local reputation, since these schemes are not regulated the way bank deposits are.

Silver and property serve fundamentally different purposes as assets. Property in Port Blair, shaped heavily by the islands' tourism economy and limited developable land, requires a large upfront commitment and is illiquid. Silver can be bought and sold in small increments and converted to cash at a jeweller within minutes.

Most island households do not choose between the two. Property, where owned, tends to serve as a long term family asset, while silver serves as a smaller, liquid holding for near term needs and cultural occasions.

If you are in the Andaman and Nicobar Islands and considering a silver or lab grown diamond jewellery purchase, Lucira offers hallmarked silver and certified lab grown diamond pieces with transparent, itemised pricing and doorstep delivery across India, a practical option given the limited local selection in Port Blair.

Every Lucira piece is priced against the live daily rate shown on this page, with making charges and certification costs shown separately, the same transparency you should expect from any established jeweller in Port Blair.

A proper invoice from a Port Blair jeweller should show five separate lines: the net silver weight in grams, the purity, the rate applied per gram that day, the making charge as a percentage or flat fee, and GST at 3 percent applied on the metal plus making charge combined.

If a piece carries shell, pearl or other craft inlay, the invoice should state the net silver weight separately from the gross weight, since you should only be charged the silver rate on the silver itself.

A hallmarked piece should also show the HUID number on the invoice, which lets you verify the certification independently through the BIS CARE app.

• A quoted rate below the day's published benchmark, which usually means lower purity than claimed
• Gross weight billed as if it were net silver weight, especially on shell or stone inlaid pieces
• Making charges quoted verbally but not itemised on the final bill
• Pressure to buy quickly as a tourist without time to compare a couple of shops in Aberdeen Bazaar
• No willingness to weigh the piece in front of you before billing

Always confirm the current BIS hallmark and HUID independently rather than taking a seller's word for it, especially as a visitor unfamiliar with the local shops.

• Jewellery from a Port Blair jeweller: wearable and giftable, but making charges plus freight premium reduce resale value
• 999 coins and bars, often special ordered: lowest making cost, best for pure savings
• Silver ETFs: no storage, GST or freight concerns, held in a demat account, accessible from anywhere in India
• Online silver jewellery delivered to the islands: wider selection than local shops, subject to delivery timelines

Given the islands' limited local stock, many residents use a mix of local jewellery purchases and either online orders or ETFs for pure savings, more so than on the mainland.

Under the rules applicable for financial year 2025 to 2026, profit on physical silver or silver ETFs held for more than 12 months is taxed as long term capital gains at 12.5 percent without indexation. Holdings sold within 12 months are taxed as short term gains at your income tax slab rate.

Your gain is calculated as the sale price minus your original purchase cost, including making charges and any freight premium you paid, which is why keeping your original invoice matters. Tax rules change most years, so confirm current rates with a chartered accountant before a large sale.

For many families with ties to both the islands and the mainland, silver's portability is a genuine practical advantage over other assets, since it can be carried, gifted or liquidated regardless of which side of the crossing a family member currently lives on.

This portability, rather than any investment return consideration, is often the more relevant reason island households hold silver jewellery and small quantities of coins alongside their other savings.

Aberdeen Bazaar in Port Blair is where the islands' established jewellers are concentrated, alongside the Sagarika government emporium for craft and shell jewellery, together covering the large majority of what is available locally.

For any significant purchase, comparing making charges across the small number of established Aberdeen Bazaar shops, and weighing a mainland or online purchase against local buying, is a reasonable practice given the islands' limited retail scale.

The base metal rate is identical, since both Port Blair and mainland cities price against the same national IBJA benchmark. The genuine difference is the freight and insurance cost baked into Port Blair's local premium, plus making charges that can run slightly higher given the smaller scale of the islands' retail trade.

For a genuinely large purchase, some island residents do choose to buy during a mainland visit to Chennai or Kolkata, where wider competition among jewellers can mean marginally better making charges, though the saving needs to be weighed against travel cost and convenience.

Given the limited local selection in Port Blair, ordering hallmarked silver jewellery online from an established national retailer with delivery to the islands is a genuinely practical option for residents, provided the retailer ships to Andaman and Nicobar pin codes and offers insured delivery.

Delivery times to the islands typically run longer than to mainland cities given the logistics of reaching Port Blair by air or sea, so factor this into timing a purchase for a specific festival or occasion.

Havelock Island and Neil Island, the two most visited islands beyond Port Blair, carry a handful of souvenir and craft shops selling shell and silver jewellery to tourists, but neither has a meaningful bullion or investment silver trade of its own.

Anyone on the outer islands wanting a significant silver purchase, whether investment coins or fine jewellery, should plan to buy in Port Blair before or after their island stay, since selection elsewhere in the archipelago is limited to tourist craft pieces.

The modest local premium Port Blair jewellers add over the base MCX and IBJA rate covers the real cost of insured freight from Chennai or Kolkata, whether by air cargo or sea, plus the cost of carrying inventory across that distance rather than being able to restock quickly from a nearby mainland wholesaler.

This premium is separate from, and on top of, the making charge on any given piece, and a transparent jeweller should be able to explain roughly how much of the total price reflects this freight related cost versus the making charge itself.

Because the islands have no BIS Assaying and Hallmarking Centre of their own, an independent purity test beyond checking the hallmark and HUID is genuinely harder to arrange locally than on the mainland, where a nearby AHC can retest a piece on request.

For a significant purchase, this makes buying from an established, BIS registered Port Blair jeweller with a clear GST invoice and verifiable HUID even more important than it would be in a mainland city with its own assaying infrastructure close at hand.