Alappuzha Silver Rate Hits ₹221 Per Gram Amid Festive Demand
The silver rate in Alappuzha, India is currently ₹221 per gram, ₹2,219 per 10 grams, or ₹2,21,900 per kilogram as of October 1st, 2026. The rate may fluctuate based on factors such as purity, market movements, demand, and GST.
Alappuzha's local market demand is significant, with fishing families, coir workers, and rice-farming households buying small silver ornaments, anklets, and coins. Demand increases around festivals like Onam and Vishu, and the Christian community in Alappuzha also buys silver items during Christmas.
The gold price correlation affects the silver rate, as many people see silver as a more affordable alternative to gold when prices rise. Industrial demand comes from temple craft workshops making ritual silverware, small jewelry production units, and electronics repair shops.