Before it transforms into a world-famous night street food court, Sarafa Bazar is Indore’s oldest and most trusted jewelry market. For over two centuries, royal families and local residents have sourced traditional Maratha jewelry, gold ornaments, and antique silver artifacts from these shops. Here is your smart jewelry shopping guide.
Table of Contents
1. History of the Sarafa Jewelry Market
2. Location and Shopping Hours
3. The Specialties: Antique Silver and Maratha Gold
4. Sourcing Tips: Hallmarks and Making Charges
5. The Transition from Jewelry to Food Court
6. Best Season for Jewelry Purchase
7. Inquire About Your Shopping Excursion
History of the Sarafa Jewelry Market
Established in the 18th century under the patronage of the Holkar dynasty, Sarafa was designed as a secure trading street for gold merchants, money changers, and silver silversmiths.
- The Trust: Many of the family-run shops in Sarafa have operated from the same stone buildings for over four generations.
Location and Shopping Hours
- Location: Sarafa Bazar, Near Rajwada Palace, Indore.
- Timings: 11:00 AM to 8:00 PM (Monday to Saturday; closed on Sundays).
- Best Time: Mid-afternoon (around 3:00 PM) when the shops are quiet and service is personalized.
💡 The TPH Advantage
Sourcing high-value jewelry requires comfortable, secure transportation. We provide private AC cars with trusted drivers who wait near the market perimeter to pick you up directly, ensuring a safe, secure shopping trip.
The Specialties: Antique Silver and Maratha Gold
- Maratha Gold Designs: Famous for traditional designs like *Thushi* necklaces, gold beads (*Mohan Mala*), and royal Maratha bangles.
- Antique Silver: Sarafa is a major hub for antique silver utensils, silver coins, and intricately crafted jewelry pieces.
Sourcing Tips: Hallmarks and Making Charges
- BIS Hallmarking: Always insist on buying 100% BIS Hallmarked gold jewelry to ensure purity.
- Bargaining on Making Charges: While the price of gold is fixed daily, you can negotiate making charges (*Ghadai*) which vary from shop to shop.
The Transition from Jewelry to Food Court
As the clock strikes 8:30 PM, the jewelry shops close their security shutters. Instantly, local food carts pull in, transforming the jewelry street into the famous Sarafa Night Food Court within minutes.
Best Season for Jewelry Purchase
- Dhanteras & Diwali (October/November): The most popular season when fresh collections are launched, and buying gold is considered auspicious.
- Wedding Season (November to February): Ideal for custom bridal jewelry orders.
Inquire About Your Shopping Excursion
Ready to explore the historic gold and silver shops of Sarafa Bazar? Let us coordinate your secure private transport, shopping routes, and city tours with ease.

