Indian Bullion
Prices & Charts

For example if you order bulk silver coins from a wholesaler in Chandni Chowk, New Delhi, the coins would be made by a coin-making specialist using that dealer's dies. The same coin-maker would be making coins for many other dealers as well. Depending upon the individual dealer's cost price and the coin maker's schedule, the prices would vary somewhat dealer to dealer.

In times of great demand such as Diwali, dhan-teras, weddings, you may have to wait a few days before your order is completed. In that case you would pay a booking amount to fix the rate at which you would eventually buy--regardless of the rate on the delivery date.

Local wholesale Bullion prices are quoted as 'call' and 'delivery' and there is usually a difference between the two. Additionally, the prices would be different than the ones quoted on the MCX commodity exchange. So the local market prices can be significantly lower or higher than the daily chart quoted rates, depending on the current delivery cycle running presently in the market.

In practice, you can expect a local market price difference of between 2%-10% equally in favor of lower or higher prices compared to the chart prices indicated. 'Making charges', of course, are extra.

Use the chart here only as indicators and guidelines for your purchases.