Siwan Silver Rate Stable at ₹2,78,900/KG on Aug 28
By Market Desk
Silver prices in Siwan remain steady at ₹2,78,900 per KG on August 28, 2026. Explore purity standards and pricing factors.
Silver prices in Siwan, India, held steady on August 28, 2026, with 1 KG of the precious metal valued at ₹2,78,900. This rate mirrored the previous day’s closing, indicating no daily fluctuation in the local market.
Key Silver Rates
- Silver Rate (Siwan, August 28, 2026): ₹2,78,900 per KG
- Daily Change: Unchanged
While the daily rate remained flat, broader trends indicated a rising trajectory for silver in August 2026. This contrasts with July 2026, which experienced a falling trend, according to Business Today analysis.
Understanding Silver Purity
The market recognizes several purity standards for silver, each with a distinct metallic composition. These classifications are crucial for both traders and consumers evaluating the metal’s value and application.
- Fine Silver: 99.9%
- Sterling Silver: 92.5%
- Britannia Silver: 95.8%
- Coin Silver: 90%
Pricing and Investment Avenues
The final showroom price for silver encompasses several elements beyond its base value. This includes crucial making charges, a 3% Goods and Services Tax (GST), and provisions for stone deductions.
For investors, options extend to Digital Silver and Silver ETFs/Fund of Funds. Regulatory frameworks involve Know Your Customer (KYC) rules, capital gains tax, and gift tax exemptions, shaping the investment landscape.
Global Drivers and Regional Disparities
Global macroeconomic trends, geopolitical conditions, and industrial demand are key forces influencing silver’s price movements. Currency fluctuations also play a significant role in determining its market value.
Regional price disparities were evident on August 27, 2026, across India. Gujarat recorded the highest silver rate, while Karnataka registered the lowest, highlighting local market dynamics.
- Highest Rate (August 27, 2026): Gujarat
- Lowest Rate (August 27, 2026): Karnataka