Silver Rate Today in Ayodhya – 7 Nov 2026, 12 AM IST

The figures in the live table are bullion reference rates for Ayodhya, quoted per gram for 999 fine silver and 925 sterling silver, refreshed every business day against MCX and IBJA benchmarks.

Ayodhya's silver market has changed character sharply since the Ram Mandir consecration in January 2024. What was once a modest local jewellery trade now carries substantial devotional demand alongside it, driven by pilgrims buying silver as temple offerings and as commemorative pieces tied to the temple. This page covers today's rate, how it is set, making charges and GST, hallmark verification, where to buy and sell, the distinct role silver plays around the Ram Mandir, the buying calendar, taxation and a detailed FAQ.

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

Devotional purchases in Ayodhya skew toward smaller weights than a typical city, since silver coins and small idol pieces bought as temple offerings are usually a few grams to a few tens of grams, not the larger jewellery sets that dominate elsewhere. Larger weight bars and bricks are also genuinely part of the local picture, given the scale of silver donated directly to the Ram Mandir trust.

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

Read three things from the ten day table: 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 in sharper percentage swings than gold on the same news, so the range here is usually wider than what a gold buyer in Ayodhya would see over the same ten days.

The trend table sets today's Ayodhya rate against its opening and closing values over seven days, 30 days and 12 months.

The seven and 30 day windows capture short term sentiment and reaction to news. The 12 month window captures the structural story, chiefly industrial demand, investment flows into silver ETFs, and the gold to silver price ratio. Longer windows are more reliable and less actionable; a 12 month gain confirms the metal did its job, but says little about next week.

Ayodhya's rate tracks the Lucknow and Kanpur benchmark closely, since that is the effective supply source for the city's jewellers.

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. Ayodhya's jewellers price against the Lucknow and Kanpur bullion trade, the nearest established markets, adding a modest local premium for transport and smaller-market working capital costs.

Silver is a thinner, more industrially exposed market than gold, so its price reacts more sharply to shifts in solar panel demand, electronics manufacturing and investment flows on top of the currency and duty effects gold also carries.

Real interest rates, the US dollar, industrial demand from solar and electronics manufacturing, and investment flows into silver ETFs move the international price. The rupee's exchange rate and Indian import duty changes move the local price on top of that.

Locally, Ayodhya has a demand driver most cities do not: the flow of pilgrims into the city. Major dates on the Ram Mandir and broader Hindu festival calendar, Ram Navami especially, concentrate devotional silver buying in a way that has no real equivalent in most other city pages on this site.

999 fine silver is 99.9 percent pure and is the form used for investment bars, coins and the silver bricks donated to temple trusts, including the Ram Mandir. It is too soft on its own to hold intricate jewellery or idol detailing well.

925 sterling silver, 92.5 percent pure with the remainder mostly copper, is the standard for jewellery and the small idols and Ram Darbar figurines that have become a defining local product since the temple's consecration. The alloy gives enough hardness to hold fine detail and daily wear.

When comparing a quote in Ayodhya, confirm which purity is being priced. A 999 coin and a 925 idol of the same weight are not the same product and should not carry the same price.

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 run in Ayodhya

• Plain silver coins | roughly 3 to 8 percent, since a struck coin needs little finishing work
• Ram Darbar idols and temple figurines | 10 to 20 percent depending on size and detailing, reflecting the mould and finishing work
• Jewellery, anklets and bangles | roughly 8 to 15 percent

A worked example: a 100 gram 999 silver Ram Darbar idol with 15 percent making adds 15 percent to the metal value, then 3 percent GST on that subtotal, for a final bill roughly 18.5 percent above the pure metal value. Always ask for the making charge as a percentage in writing before comparing shops.

Unlike gold, silver hallmarking under the BIS scheme is not yet as universally enforced across small-town India, so buyer diligence matters more here.

• Look for a BIS hallmark stamp where the piece carries one, showing the purity grade, 999 or 925
• Ask the jeweller to weigh the piece in front of you and confirm the purity claim against the day's rate
• For a large purchase, ask for the piece to be tested with an acid or electronic tester before paying

Given the volume of devotional silver moving through the city since 2024, buying from an established local jeweller with a proper GST invoice, rather than a temporary stall near the temple complex, is the safest route to genuine purity.

No other city on this site has a silver story quite like Ayodhya's, and it dates specifically to the temple's consecration in January 2024.

A surge tied to one event

In the run-up to the consecration, jewellers across the region, not only in Ayodhya itself, reported extraordinary demand for silver coins and statues bearing the Ram temple and Ram Darbar, the grouping of Ram, Lakshman, Sita and Hanuman. One Kanpur jeweller alone received orders for 5,000 such coins and 1,000 statues in the run-up to the event. Prices for a Ram Darbar silver coin ranged from roughly 900 rupees to 25,000 rupees depending on weight, and the consecration period is estimated to have generated around 800 crore rupees in local business.

Silver as a devotional offering, not just a purchase

Alongside retail sales, silver has flowed into Ayodhya as direct temple donation. The Shri Ram Janmabhoomi Teerth Kshetra Trust has confirmed receiving a 60 kilogram silver consignment, custom-crafted and funded through pooled contributions from gold and silver merchants nationally, and separately holds a record of 200 kilograms of silver bricks donated in 2021. This devotional-donation category of demand, distinct from anything a buyer would purchase for themselves, is a genuine feature of Ayodhya's silver market that most Indian cities simply do not have.

What this means for a buyer

If you are buying in Ayodhya specifically for the temple theme, Ram Darbar coins and idols in both 999 and 925 purity are the city's signature product, widely stocked and priced by weight the same way as standard silver, with making charges reflecting the detailing involved.

Ayodhya's silver trade sits in two distinct layers: the established local jewellery shops that predate the temple, and a newer wave of stalls and stores catering specifically to pilgrim demand near the temple complex.

• Established local jewellers | the safer choice for genuine purity, proper invoicing and a fair making charge
• Stalls near the Ram Mandir complex | convenient for a quick devotional purchase, but verify purity and price more carefully given the transient nature of some of this trade

Certified online retail is a genuinely useful alternative for a considered purchase, particularly for a 999 investment coin or bar rather than a devotional item bought in person as part of a temple visit.

Exchange at an established jeweller is the most reliable route, with the piece weighed and purity-tested in front of you before a price is agreed. If you have the original invoice, sale back to the jeweller who sold it is usually the smoothest option.

Avoid unlicensed buyers operating near the temple complex, whatever rate they promise. Weighing and purity testing you cannot observe is where sellers lose money, and this risk is higher in areas with heavy transient pilgrim footfall.

Silver buying in Ayodhya follows a calendar unlike most Indian cities, driven as much by the temple as by the standard festive cycle.

• Ram Navami | the single biggest local occasion, marking Lord Ram's birth, with a major surge in pilgrim numbers and devotional silver buying
• Diwali and Dhanteras | the national silver and gold buying peak, observed strongly here too
• Any major temple event or anniversary of the consecration | tends to bring a fresh spike in coin and idol demand, similar in kind to the original January 2024 surge

Outside these peaks, demand is steadier than a typical festive-only market, since a continuous flow of pilgrims visits the city year round.

Taxes on silver are set nationally, so nothing here is specific to Ayodhya, 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, and jewellers report high value cash transactions, so paying digitally with a proper invoice is both cleaner and safer.

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 is a smaller market with a genuine industrial demand component alongside its investment role. That makes it a higher risk, higher potential reward holding than gold, not a straightforward substitute for it.

Coins and bars in 999 purity carry the lowest making cost and recover the most value on resale. Jewellery and devotional idols in 925 carry making charges you do not recover, so they are part ornament or offering and part investment.

For most Ayodhya buyers the practical split is: devotional coins and idols bought for the temple visit itself, valued for what they represent rather than as a resale asset, and separately, simple 999 coins or small bars bought purely as savings if that is the actual goal.

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. MCX spot silver briefly touched close to 3,59,000 rupees per kilogram in January 2026 before correcting.

Over the full decade, an investor holding physical silver from 2015 through 2025 saw their holding value roughly triple, before the sharp further move into 2026. Ayodhya's local rates have tracked this national curve throughout, since the city prices off the same national IBJA benchmark as the rest of India.

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. This structurally tighter supply picture is a genuine difference from gold, and it is a major reason silver has moved more sharply than gold in recent years.

India is the world's largest consumer of silver and imports over 80 percent of its requirement. 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. Policy changes like these can move the domestic price independently of the global rate for a period.

Whether rates in Ayodhya fall from current levels depends on factors nobody can predict with certainty, including global interest rates, industrial demand growth and rupee movement. Anyone telling you they know the answer with confidence is guessing. The practical approach is to buy against your own 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 actually 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 tied to company and economic performance rather than metal supply and demand. Debt instruments such as fixed deposits and bonds give predictable, lower returns with minimal price risk.

None of these asset classes is a straightforward substitute for another. Silver's role in an Ayodhya household's savings is usually as a small, liquid, culturally familiar holding alongside other assets, not a replacement for equity or debt.

Physical silver, bought as coins, bars or jewellery from an Ayodhya 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 on the transaction, and can be bought and sold through a regular demat account. 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.

Unlike gold, India currently has no sovereign bond equivalent for silver, so ETFs and physical metal remain the two main routes for most Ayodhya investors.

India imports over 80 percent of the silver it consumes, mostly as bullion classified under HS Code 7106, cleared through customs and the ICEGATE electronic filing system before reaching refiners, bullion dealers and eventually jewellers in cities like Ayodhya.

Import policy has shifted more than once recently. Silver bullion duty was cut to 6 percent in 2025 to curb smuggling, plain silver jewellery imports were restricted from September 2025 to limit duty evasion through trade agreements, and bullion duty was then raised again in May 2026. Because these rules change, the duty in effect at any given time should be confirmed rather than assumed.

More than half of global silver demand today comes from industry rather than jewellery, with solar panels, electric vehicles, semiconductors and medical devices among the largest consumers. This industrial pull is a genuine structural difference from gold and a real driver of silver's price behaviour.

• 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
• 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
• Tola: a traditional unit of weight equal to approximately 11.66 grams
• Troy ounce: the international unit silver is quoted in globally, equal to 31.1035 grams
• IBJA: the India Bullion and Jewellers Association, source of the national reference rate
• MCX: the Multi Commodity Exchange, where silver futures trade in India
• LTCG: long term capital gains, the tax on profit from silver held beyond the qualifying period
• Silver ETF: an exchange traded fund that holds physical silver and trades like a stock
• Wastage: metal lost during crafting, sometimes billed separately from making charges

Ayodhya's jewellery trade in Rikabganj sits in one of Hinduism's most sacred cities, revered as the birthplace of Lord Ram, with Brij Kishore Jewellers among the family firms that have traded there since 1935, decades before the city's recent transformation.

That transformation reached a landmark moment on 22 January 2024, when the new Ram Mandir was consecrated, with all 14 pieces of jewellery for the Ram Lalla idol designed and crafted by Harsahaimal Shiamlal Jewellers, a firm with roots dating to 1893, giving Ayodhya's jewellery trade a genuinely national moment of attention.

Nationally, rising silver prices through 2024, 2025 and 2026 have made buyers more price sensitive, and jewellery volumes in weight terms have come under pressure even where spending in rupee terms held steady. This national pattern is a reasonable guide to Ayodhya's own retail trade.

What has held up, and grown, in Ayodhya is pilgrim demand for silver idols, coins and devotional items tied to the Ram Mandir, a category that barely existed at this scale before the temple's 2024 consecration. Festive and wedding buying among local families has continued alongside this pilgrim driven growth.

Silver and property serve fundamentally different purposes as assets, and comparing them directly can be misleading. Property in Ayodhya, which has seen sharply rising prices since the Ram Mandir's consecration, requires a large upfront commitment, carries registration and stamp duty costs, and cannot be sold in part if you need only a portion of your money back. Silver can be bought and sold in small increments, from a single gram upward, and converted to cash at a jeweller within minutes.

Property can generate rental income, especially from the pilgrim accommodation boom, and tends to appreciate with local development, but it is illiquid and requires ongoing maintenance. Silver generates no income and must be stored securely, but it carries no maintenance burden and its value is set by a transparent national benchmark rather than local negotiation.

Most Ayodhya households do not choose between the two. Property 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 Ayodhya 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, so you can compare designs and pricing without needing to visit a store in person.

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 jeweller in Ayodhya.

A proper invoice from an Ayodhya 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 stones or beads, 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, not on the stones. Ask for this breakdown before paying if it is not shown automatically.

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 stone set pieces
• Making charges quoted verbally but not itemised on the final bill
• Pressure to buy quickly from a temple stall vendor rather than an established jeweller in Rikabganj
• No willingness to weigh the piece in front of you before billing

These precautions matter more in Ayodhya than in many cities, given the huge surge in pilgrim footfall since the Ram Mandir's consecration in January 2024, which has drawn both established jewellers and informal souvenir sellers to the city.

Silver tarnishes when exposed to air and humidity, unlike gold, so storage matters more. Keep pieces in an airtight pouch or box, ideally with an anti tarnish strip, away from direct sunlight and humid areas of the house.

For larger holdings of coins or bars, a bank locker remains the most secure option, though it carries an annual rental cost that should be weighed against the value stored. A home safe is a reasonable middle ground for smaller quantities, provided it is fixed and insured.

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.

Many jewellers in Ayodhya and across India offer monthly instalment schemes where you deposit a fixed amount each month for a set period, typically 11 months, and the jeweller adds a bonus instalment or discount at the end, redeemable against silver or gold jewellery.

Before joining one, confirm in writing whether the redemption value is locked at the rate on the day of each deposit or the rate on the day of redemption, since this materially changes the scheme's value, and check whether the bonus is forfeited if you exit early or miss an instalment.

These schemes are not regulated the way bank deposits are, so only join one with an established, well known jeweller, of which Rikabganj has several with decades of trading history.

• Jewellery from an Ayodhya jeweller: wearable and giftable, but making charges reduce resale value
• 999 coins and bars, including temple souvenir coins: lowest making cost, best for pure savings, requires storage
• Silver ETFs: no storage or GST, held in a demat account, cannot be worn or gifted physically
• Digital silver apps: bought and stored online in small amounts, redeemable for physical delivery in some cases, but not regulated the same way as ETFs
• MCX futures: for active traders managing price risk, not suited to casual buyers

Most Ayodhya households and pilgrims use a mix, jewellery and temple silver souvenirs for religious occasions, and coins, bars or ETFs for pure savings, rather than picking one route exclusively.

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 you paid, which is why keeping your original invoice matters. A 4 percent health and education cess applies on top of the tax, along with any applicable surcharge.

Tax rules change through Finance Act amendments most years, so confirm the current holding period and rate with a chartered accountant before a large sale, rather than relying on this or any other page.

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 under income tax rules regardless of PAN. Paying digitally or by cheque avoids this limit entirely and is the more practical route for larger purchases.

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

Rikabganj remains the city's established jewellery trading area, home to family run shops trading since the 1930s alongside newer branded showrooms, and is generally where you will find the widest selection and the most competitive making charges given the density of shops.

Near the Ram Mandir itself, numerous stalls sell silver idols, coins and devotional souvenirs aimed at pilgrims, which are a different category of purchase from everyday jewellery and should be evaluated on their own merits.

For any significant purchase, visiting two or three shops in Rikabganj to compare making charges and designs before deciding is a reasonable and common practice among local buyers.