What are the updates from IBJA?
According to the benchmark of the Indian bullion market i.e. IBJA (India Bullion and Jewelers Association), the base price of 99.9% pure silver has been fixed at ₹ 2,36,981 per kg this morning. Keep in mind that when you go to jewelery shops, making charge and GST are also added on top of this base price, due to which the final rate increases slightly.
Disclaimer: The silver prices given in this article are based on the data released by the local bullion market, commodity market (MCX) and IBJA. These prices do not include GST, TCS and making charges, hence the final bill may vary depending on your city and jeweler. This information is for informational purposes only and should not be considered investment advice. Before taking any financial decision, definitely consult your expert or financial advisor.