Purnia Silver Price Jumps ₹39,900 on Aug 29, 2026
By Market Desk
Purnia silver prices surged by ₹39,900 to ₹2,73,900 per KG on August 29, 2026. Explore August trends and regional price variations.
Purnia’s silver market experienced a significant upswing on Saturday, August 29, 2026, with the rate climbing to ₹2,73,900 per KG. This represented a substantial increase of ₹39,900 per KG compared to the previous day’s price.
- Previous Day’s Rate: ₹2,34,000 per KG
- Current Rate (Aug 29): ₹2,73,900 per KG
- Daily Increase: ₹39,900 per KG
Monthly Price Trajectories
Analyzing August 2026 trends, silver opened the month at ₹2,53,900 per KG on August 1st. It concluded August 29th at ₹2,73,900 per KG, reflecting a notable monthly gain.
- Highest August Rate: ₹2,79,100 (August 22)
- Lowest August Rate: ₹2,13,900 (August 5)
July 2026, in contrast, displayed an overall falling performance for silver prices. The market has shown recent volatility over the past ten days.
Regional Price Disparities
On August 29, 2026, silver prices varied across major Indian cities and states. Ahmedabad registered the highest city price, while Uttar-dinajpur recorded the lowest.
- Highest City Price: Ahmedabad at ₹2,83,900 per KG
- Lowest City Price: Uttar-dinajpur at ₹2,66,900 per KG
- Highest State Price: Gujarat at ₹2,83,900 per KG
- Lowest State Price: West Bengal at ₹2,66,900 per KG
Understanding Silver Purity and Pricing
Silver purity levels, such as Fine Silver at 99.9% and Sterling Silver at 92.5%, define its composition. The final showroom price always exceeds the benchmark rate due to additional charges.
These extra costs include making charges and a flat 3% Goods and Services Tax (GST). For studded jewelry, the weight of embedded stones is explicitly excluded from the silver calculation.
Investment Avenues and Regulatory Notes
Investors have alternatives to physical silver, including Digital Silver and Exchange Traded Funds (ETFs). However, the Securities and Exchange Board of India (SEBI) has cautioned against Digital Silver due to its unregulated status.
Regulatory guidelines mandate a Permanent Account Number (PAN) for silver purchases exceeding ₹2 lakh. Strict Know Your Customer (KYC) norms apply to cash transactions over ₹10 lakh.
- GST on Silver Purchases: Flat 3%
- Tax on Sales: Capital gains tax applies
- Inherited/Gifted Silver: Tax-free under specific circumstances
Key Demand Drivers for Silver
Global macroeconomic trends, geopolitical conditions, and currency fluctuations significantly influence silver prices. Industrial demand also plays a crucial role, distinguishing silver from gold.
A substantial portion of global silver supply is consumed by industries, unlike gold. Its excellent electrical and thermal conductivity makes it essential for solar panels, electric vehicles, and medical devices.