Explore the lively markets in Madurai, such as Puthu Mandapam, where you can find a variety of handicrafts, textiles, and traditional items. Don't forget to bargain to get the best deals. Some popular souvenirs include Madurai silk sarees, brassware, and intricate wood carvings. Prices can vary, but budgeting around $20-50 for souvenirs would be reasonable.