Haridwar Silver Rate Soars Amidst Unique Market Dynamics
The current silver rate in Haridwar is ₹220 per gram, ₹2,208 per 10 grams, or ₹2,20,800 per kg as of October 2nd, 2026. This price may vary based on purity, market movements, demand, GST, and dealer charges.
Silver prices are influenced by import duty, GST, local buying demand, gold-silver price trends, and industrial demand in Haridwar. The city's silver market is unique due to its blend of resident buying and the pilgrimage economy, which brings millions of visitors each year.
The market surges during events like Kumbh Mela, Kanwar Yatra, and Ganga Dussehra, resulting in unusually large seasonal spikes compared to other cities. Silver tends to move in step with gold in the commodities market, as people choose silver over gold when gold prices rise.