The silver price in Jaipur today, March 24, 2026, stands at ₹235 per gram and ₹2,35,000 per kilogram. Jaipur’s silver rate aligns with the national benchmark, reflecting the city’s position as Rajasthan’s largest precious metals market and one of India’s most historically significant silver jewellery manufacturing centres where rates closely follow the Mumbai and Delhi bullion benchmarks.
Today’s Silver Rate in Jaipur — Full Breakdown
The silver rate in Jaipur today per gram is ₹235. For 8 grams the price is ₹1,880. For 10 grams the silver price in Jaipur today is ₹2,350. For 100 grams the price is ₹23,500. For 1 kilogram the silver price in Jaipur today is ₹2,35,000. Yesterday’s silver rate in Jaipur was ₹2,300 per 10 grams and ₹2,30,000 per kilogram, meaning today’s rate reflects an increase of ₹50 per 10 grams or ₹5,000 per kilogram from Monday’s levels.
Jaipur’s Silver Market — Johari Bazaar and Chandpole
Jaipur’s precious metals trade is centred in one of India’s most celebrated jewellery markets. Johari Bazaar, the Pink City’s legendary jewellery street in the heart of the walled city, is arguably the most famous silver jewellery market in India, renowned internationally for the quality and artistry of its silver craftsmanship. Dozens of silver showrooms, jewellery workshops, and bullion dealers line Johari Bazaar and its surrounding lanes, serving domestic consumers, international tourists, and wholesale buyers from across India and abroad.
Chandpole Bazaar and the surrounding areas of the old walled city complement Johari Bazaar’s retail focus with a more wholesale-oriented trade in silver bars, coins, and raw silver for Jaipur’s extensive jewellery manufacturing industry. Together these markets make Jaipur not just a silver consuming city but a silver creating city, one of the most important centres of silver jewellery manufacturing in the entire country.
Jaipur’s Silver Jewellery Craft — A National Heritage
Jaipur’s silversmithing tradition is one of the defining elements of the city’s cultural and economic identity. The city is particularly renowned for three distinctive silver jewellery traditions. Kundan work, which involves setting precious and semi-precious stones in refined silver or gold frames, has been practised in Jaipur for centuries and remains one of the most sought-after jewellery styles among Indian brides. Meenakari, the art of enamelling silver and gold with vivid coloured patterns, is another Jaipur specialty that commands premium pricing well above commodity silver rates. Thewa work, which involves fusing 23 carat gold onto glass backed by silver, is a third distinctive Jaipur craft that attracts collectors and jewellery connoisseurs from across the world.
The presence of thousands of skilled silversmiths and jewellery artisans in Jaipur means that the city’s silver market functions on multiple levels simultaneously. At the commodity level, silver is priced at ₹2,35,000 per kilogram today in line with the national benchmark. At the craft level, finished Jaipur silver jewellery commands prices that reflect hours of skilled labour and centuries of artistic tradition, making the commodity silver price only one component of what buyers actually pay in Jaipur’s jewellery market.
Jaipur’s Role in India’s Silver Export Trade
Jaipur is one of India’s most important centres for silver jewellery exports, with the city’s manufacturers supplying markets in the United States, Europe, Australia, and Southeast Asia. The Rajasthan Chamber of Commerce and Industry estimates that Jaipur’s gems and jewellery export industry, of which silver jewellery is a significant component, generates thousands of crores in annual export revenue. The current global uncertainty created by the Iran conflict and the broader geopolitical environment has created some disruption to export order flows, as international buyers have paused discretionary purchasing decisions amid economic uncertainty. However, established export relationships between Jaipur manufacturers and international buyers tend to be resilient through short-term disruptions, with order flows typically recovering once price stability returns.
Silver Market Context on March 24, 2026
Jaipur’s silver market is navigating the same global turbulence that has driven the metal down as much as 37 percent from its March peak. The Iran conflict’s impact on crude oil prices, global inflation expectations, and central bank rate signals has been the dominant force compressing silver. Tuesday’s ₹5,000 per kilogram recovery from Monday’s levels reflects partial relief following Trump’s five day pause announcement. Iran’s denial of any talks and the continued Strait of Hormuz uncertainty keep the recovery tentative. Jaipur’s export-oriented manufacturers are additionally watching the rupee’s trajectory carefully, as the currency’s current weakness at approximately 94 to the dollar creates a mixed picture for exporters: higher rupee revenues per dollar earned but higher import costs for silver purchased at dollar-denominated international prices.
Is It a Good Time to Buy Silver in Jaipur?
Silver at ₹2,35,000 per kilogram in Jaipur represents a significant correction from recent highs. Johari Bazaar dealers have reported increased footfall from domestic buyers including wedding shoppers, tourists, and investors who find current levels more compelling than the elevated prices of recent weeks. For buyers specifically interested in Jaipur’s distinctive handcrafted silver jewellery, the current commodity price correction offers a window where making charges and artisan premiums represent a larger proportion of the total price, making the overall value proposition of acquiring a piece of Jaipur’s silver craft more attractive than during commodity price peaks.
Silver prices cited are indicative rates for Jaipur on March 24, 2026 and are subject to change intraday. Actual transaction prices may vary based on dealer margins and making charges. This article is for informational purposes only and does not constitute investment advice.