# Jaipur Bullion Market Sees Sharp Drop In Silver Prices From Four Lakhs To Two Lakhs > Silver prices in Jaipur have dropped significantly ahead of Diwali, falling from four lakh rupees to two lakh two thousand rupees per kg, drawing keen interest from buyers. **Type:** article · **Category:** Rajasthan · **Published:** 2026-10-26 · **Source:** TrendKia **Canonical:** https://trendkia.com/en/rajasthan/jaipur-bullion-market-sees-sharp-drop-in-silver-prices-from-four-lakhs-to-two-lakhs-51929 · **Language:** English **Tags:** Silver Price, Gold Silver Rates, Jaipur Bullion Market, Diwali Shopping, Jewellers News, Commodity Market Festive shopping momentum is gradually picking up across the markets of Jaipur as Diwali approaches. Bullion shops are witnessing steady visitor activity, driven largely by ongoing price corrections and stability in precious metals. This downward trend in rates has sparked renewed interest among buyers looking to make investments ahead of the festive season. ## Steep Decline In Silver Valuations A closer look at the local bullion market reveals that silver has experienced the most pronounced correction. While the white metal was trading as high as four lakh rupees per kg a few months ago, current rates have dropped to two lakh two thousand rupees per kg. Despite this steep slide, the approaching festival season continues to draw enthusiastic buyers to local storefronts. ## Insights From Local Jewellers Market experts note that long-term investment in precious metals remains a steady practice. Jeweller Adarsh Khandaka explains that despite current price dips, rates are expected to rebound as the festival approaches. Adarsh Khandaka noted that while buyers who purchased at the peak four lakh rate may feel disappointed, prices are projected to rise in the coming months, making the current period an opportune time to invest. ## Daily Fluctuations In Trading Over the past few weeks, silver prices have dominated market conversations due to daily fluctuations exceeding one thousand rupees. Currently, ninety-nine percent pure silver is priced at two lakh two thousand rupees per kg in Jaipur. Meanwhile, gold intended for jewellery making stands at one lakh forty-five thousand rupees. ## Expectations Of A Price Recovery Another local jeweller, Prahlad Khuteta, expects silver prices to reach two lakh fifty thousand rupees and gold to touch one lakh fifty thousand rupees by Diwali. Prahlad Khuteta stated that current markets maintain healthy vibrancy and that demand will accelerate once upward momentum begins. Although buyers initially held back more than anticipated, merchants remain optimistic about strong business turnover for the festive period. ## Growing Demand Across Categories Traders point out that despite price shifts, seasonal demand for weddings and festivals keeps the market active. Silver utensils, coins, and various decorative items are currently seeing high interest, alongside strong purchases of gold jewellery for upcoming weddings. Earlier this month, silver recorded its sharpest decline at nine point thirty-nine percent, amounting to a drop of twenty-one thousand five hundred rupees per kg. ## Global Factors Influencing Rates Market analysts suggest that prices will likely recover by Diwali, offering relief to those unsettled by the recent downturn. Spot silver in the United States is currently valued at fifty-five dollars per ounce. Factoring in a fifteen percent custom duty and three percent GST, bringing the effective tax to eighteen point four five percent, the landing cost of silver in India ranges between one lakh eighty-two thousand and one lakh eighty-five thousand rupees per kg, which explains the ongoing downward pressure on domestic rates. ## What this means for you The recent price correction in precious metals directly impacts the financial decisions of retail buyers and investors alike. - **Across India:** Consumers purchasing gold and silver during the festive season are benefiting from lower entry barriers. This price moderation makes purchasing jewellery and silver items more accessible for middle-class households. - **In Jaipur:** Local bullion merchants anticipate that reduced rates will draw higher customer footfall, boosting overall trade volume. Buyers are viewing the dip as an opportune window for long-term investments in physical assets. ## Why this happened The ongoing fluctuations in silver and gold valuations are driven by international market dynamics and domestic import structures. - **Import Costs And Taxes:** With spot silver priced at fifty-five dollars per ounce in the United States, adding a fifteen percent custom duty and three percent GST brings the landing cost in India to between one lakh eighty-two thousand and one lakh eighty-five thousand rupees per kg. - **Daily Volatility:** The market has experienced daily price swings exceeding one thousand rupees over the past few weeks, creating sustained downward pressure. - **Global Trends:** Movements in international bullion benchmarks combined with subdued seasonal demand have collectively contributed to the significant correction in domestic retail prices. ## Questions & Answers ### 1. What is the current price of silver in Jaipur? Ninety-nine percent pure silver is priced at two lakh two thousand rupees per kg in the Jaipur bullion market. ### 2. What is the current price of gold in Jaipur? Jewellery gold is currently priced at one lakh forty-five thousand rupees in Jaipur. ### 3. How much has silver dropped recently? Earlier this month, silver recorded its sharpest decline of nine point thirty-nine percent, amounting to twenty-one thousand five hundred rupees per kg. ### 4. What do jewellers expect silver prices to reach by Diwali? Jewellers expect silver prices to climb up to two lakh fifty thousand rupees by Diwali. ### 5. What is the spot silver price in the United States? Spot silver is currently valued at fifty-five dollars per ounce in the United States. --- _TrendKia — Har trend, sabse pehle.. Machine-readable view; canonical HTML at the URL above._