Last updated: 9 June 2026 · 9 min read · By Rajesh Londe, 3rd generation jeweller
Silver in Nagpur this month is doing what silver always does. Moving faster than gold in both directions. While the 22K gold rate rose 2.2 percent from May 4 to June 8 (Rs 13,835 to Rs 14,140 per gram), the 999 fine silver rate climbed nearly 4.1 percent over the same window (Rs 274 to Rs 285 per gram). Silver carries a heavier industrial demand load than gold, so it tends to amplify whatever direction the broader precious metals complex is taking.
Londe Jewellers Gold & Diamonds, Nagpur's most trusted jeweller since 1989, has guided more than 5,00,000 Vidarbha families through both gold and silver buying. This guide explains where the silver rate sits today, the difference between 999 and 925 grades that you actually pay for at the counter, the gold to silver ratio that smart investors track, and whether the June monsoon window is a buy or a wait.
| Purity | Per Gram | Per 10 Grams | Per 100 Grams | Per Kilo |
|---|---|---|---|---|
| 999 (Fine) | Rs 285 | Rs 2,850 | Rs 28,500 | Rs 2,85,000 |
| 925 (Sterling) | Rs 264 | Rs 2,640 | Rs 26,400 | Rs 2,64,000 |
| 800 (Utensil) | Rs 228 | Rs 2,280 | Rs 22,800 | Rs 2,28,000 |
Rates are indicative and exclude 3 percent GST and making charges. For live rates, walk in at Londe Jewellers Sitabuldi or any ZIA Silver Jewellery store.
What you actually pay for a 925 sterling silver chain or anklet in Nagpur on June 9, 2026 includes:
The single biggest confusion at the counter is the difference between 999 silver and 925 sterling silver. Here is the practical breakdown.
Silver moved harder than gold across the April to June 2026 window. Three distinct phases.
The gold to silver ratio is calculated by dividing the 24K gold rate per gram by the 999 silver rate per gram. On June 9, 2026 the math works out as Rs 15,240 divided by Rs 285, equals 53.5. That is the number of grams of silver one gram of gold can buy today.
The 10 year historical average for this ratio is between 70 and 85. Today's ratio of 53.5 is meaningfully below that band, which has two practical implications:
The practical takeaway: if you are accumulating silver for investment, ration your buys. A 1 kilo bar today and a second 1 kilo bar if the ratio expands back to 65 to 70 is a more disciplined approach than a single bulk purchase at today's ratio.
| City | 999 Silver (per gram) | Difference vs Nagpur |
|---|---|---|
| Nagpur | Rs 285 | baseline |
| Mumbai | Rs 278 | Rs 7 cheaper |
| Pune | Rs 280 | Rs 5 cheaper |
| Nashik | Rs 283 | Rs 2 cheaper |
| Aurangabad | Rs 284 | Rs 1 cheaper |
| Amravati | Rs 287 | Rs 2 dearer |
The Nagpur premium over Mumbai on silver is Rs 7 per gram or 2.5 percent. For a 1 kilo bar that is Rs 7,000. For investment grade kilo bar purchases, ask your jeweller about the Mumbai bullion match for verified large orders. Londe Jewellers Gold and Diamonds matches the Mumbai bullion print for silver bar purchases of 2 kilos and above.
The mandatory daily wear silver piece in every Marathi married woman's wardrobe. A 925 pair weighs 6 to 12 grams. At Rs 264 per gram plus making, total walk out is Rs 1,734 to Rs 3,888. Jodvi replacement is one of the top three silver purchase reasons every week at the Sitabuldi store, and the week before Vat Savitri sees the highest single week volume.
Painjan is the traditional Maharashtrian silver anklet with ghungroo. Weight range 40 to 100 grams per pair in 925 sterling. At Rs 264 per gram, a 60 gram pair costs Rs 15,840 in silver value plus making and GST, walk out Rs 18,170 to Rs 21,170. Bichiya is the layered toe ring, traditionally worn alongside the Jodvi.
Glasses, panchapatra, deepak, agarbatti stand, photo frames. Typically 999 fine silver for the religious significance of purity. A standard pooja glass weighs 80 to 120 grams. At Rs 285 per gram, a 100 gram glass costs Rs 28,500 in silver plus modest finishing charges of Rs 1,500 to Rs 3,000 and 3 percent GST, walk out Rs 30,855 to Rs 32,355.
This is where the ZIA Silver Jewellery range lives. Bright 925 sterling, no oxidised, no antique finish. Chains, bracelets, earrings, finger rings, gifting sets. Walk in at ZIA Dharampeth or ZIA Pratap Nagar for the daily wear and gifting range, or at Londe Sitabuldi for the bullion and traditional Maharashtrian silver.
The classic silver investment format. 1 kilogram 999 bar from MMTC PAMP or Valcambi. At Rs 2,85,000 plus 3 percent GST of Rs 8,550, total Rs 2,93,550 per bar. Londe Jewellers stocks both 100 gram and 1 kilo bars in 999 fine silver, with the assay certificate and the prevailing rate buy back guarantee.
The case for waiting through the monsoon is weaker for silver than for gold. Two reasons.
Reason 1: Silver has a heavier industrial demand component (solar panels, electronics, electric vehicle wiring). Industrial demand does not pause for the Indian monsoon. So the kind of demand softness that creates a buying window in gold during Ashadha (the Hindu month from late June to late July) does not show up as strongly in silver.
Reason 2: The absolute rupee impact of waiting on a small piece is tiny. A Rs 10 per gram rate drop on a 6 gram Jodvi pair is Rs 60. That is not worth waiting four weeks for. If the purpose is utility, buy when you need it.
The case for waiting exists only for investment grade kilo bars. If the gold to silver ratio expands from today's 53.5 back toward 65 to 70 over the next quarter, that is a more meaningful entry point for a 5 to 10 kilo investment position. For 1 to 2 kilo accumulations as part of a diversified family wealth strategy, today's price is reasonable.
Effective from October 2022, BIS hallmarking is mandatory for silver jewellery and silver artefacts of all weights in India. Three stamps you should see on the back of any silver piece you buy in Nagpur:
For investment bars, the additional documents you should walk out with are the refiner stamp on the bar (MMTC PAMP, Valcambi, etc), the assay certificate slip, and the jeweller bill clearly separating the silver rate, the GST and the refining charge.
The Londe Jewellers family covers the full silver spectrum across two sister brand showrooms:
The full traditional Maharashtrian silver range: Jodvi pairs in 925 sterling from Rs 1,734, Painjan anklets from Rs 18,170, Bichiya toe rings, pooja silver items in 999 fine silver, and 100 gram + 1 kilo investment grade bars. BIS hallmarked, billed transparent. Walk in at the Sitabuldi store, open 11 AM to 8:30 PM. Since 1989.
Bright 925 sterling silver for daily wear and gifting. Chains, bracelets, earrings, rings, pendants, gifting sets. Two stores: ZIA Dharampeth (77589-50520) and ZIA Pratap Nagar (77589-43238). Open 11 AM to 9 PM.
Rs 285 per gram for 999 fine silver, Rs 264 per gram for 925 sterling, Rs 228 per gram for 800 utensil grade. Kilo bar Rs 2,85,000 plus 3 percent GST. Updated every morning at Londe Jewellers Sitabuldi.
999 is 99.9 percent pure, too soft for jewellery, used for bars, coins, pooja items. 925 sterling is 92.5 percent silver and 7.5 percent copper, the standard for jewellery because the alloy gives strength. The per gram cost gap is Rs 21 on June 9, 2026.
Multiply the 999 fine silver rate by 0.925 and add a small alloy and refining charge. On June 9, 2026: Rs 285 multiplied by 0.925 equals Rs 263.62, rounded to Rs 264 per gram. Add Rs 25 to Rs 120 making charges per gram depending on design.
53.5 to 1. Calculated as Rs 15,240 (24K gold per gram) divided by Rs 285 (999 silver per gram). The 10 year average is 70 to 85, which means silver is currently trading at a premium to its historical relationship with gold.
Silver and gold are not interchangeable. Gold is the wealth preservation asset. Silver is more volatile because of its industrial demand component. For most Vidarbha families, the answer is gold for the bulk of jewellery wealth, plus small amounts of silver for utility and a 1 to 2 kilo bar position for diversification.
A 925 sterling Jodvi pair weighs 6 to 12 grams. At Rs 264 per gram plus making and GST, walk out price is Rs 1,734 (6 gram pair) to Rs 3,888 (12 gram pair).
Rs 2,85,000 for a 1 kilogram 999 fine silver bar, plus 3 percent GST of Rs 8,550, total Rs 2,93,550. Available at Londe Jewellers Sitabuldi with assay certificate and prevailing rate buy back guarantee minus 1 percent.
For utility (Jodvi, Painjan, pooja items, daily wear), buy when you need it. The absolute rupee impact of waiting is small. For investment in kilo bars, the gold to silver ratio of 53.5 suggests silver is not at a discount today. Consider a small first lot now and a second if the ratio expands back to 65 to 70 over the next quarter.
Londe Jewellers Sitabuldi for traditional Maharashtrian silver (Jodvi, Painjan, Bichiya, pooja items, kilo bars). Open 11 AM to 8:30 PM, since 1989.
ZIA Silver Jewellery Dharampeth (77589-50520) and ZIA Pratap Nagar (77589-43238) for bright 925 sterling daily wear and gifting. Open 11 AM to 9 PM.
This guide was written by Rajesh Londe, third generation jeweller and owner of Londe Jewellers Gold and Diamonds. Silver rates referenced are the morning bullion print for Nagpur on June 9, 2026 and may vary intra day. For live rates and walk in pricing, visit the Sitabuldi store or call 0712 254 0303.
