Interested in financial products
CreditMantri
Processing

Today Silver Rates In Andaman and nicobar

23 Jun 2024

silver rate today india

₹73.58

( Per Gram )

silver price today

₹73582

1 Kg

Silver Price TodaySilver Rate YesterdayChange(%)
1 gram73.5872.671.24%
10 gram73582726731.24%

Silver Rates In Andaman and nicobar for Last 90 Days

23 Jun 2024

Date1 gramBar Silver 1KG
2023-11-27₹ 74.58₹ 73,582
2023-11-26₹ 73.67₹ 72,673
2023-11-25₹ 73.67₹ 72,673
2023-11-24₹ 71.78₹ 70,779
2023-11-23₹ 71.74₹ 70,738
2023-11-22₹ 71.04₹ 71,044
2023-11-21₹ 71.99₹ 70,988
2023-11-20₹ 71.68₹ 70,679
2023-11-19₹ 71.86₹ 70,857
2023-11-18₹ 71.86₹ 70,857
2023-11-17₹ 71.09₹ 71,085
2023-11-16₹ 70.58₹ 69,580
2023-11-15₹ 69.68₹ 68,676
2023-11-14₹ 67.72₹ 66,723
2023-11-13₹ 66.19₹ 66,185
2023-11-12₹ 67.50₹ 66,496
2023-11-11₹ 67.50₹ 66,496
2023-11-10₹ 68.75₹ 67,747
2023-11-09₹ 68.53₹ 67,531
2023-11-08₹ 67.38₹ 67,380
2023-11-07₹ 68.43₹ 68,435
2023-11-06₹ 69.10₹ 69,098
2023-11-05₹ 69.21₹ 69,214
2023-11-04₹ 69.21₹ 69,214
2023-11-03₹ 68.61₹ 67,606
2023-11-02₹ 69.56₹ 68,563
2023-11-01₹ 68.82₹ 67,817
2023-10-31₹ 69.41₹ 69,411
2023-10-30₹ 69.98₹ 68,983
2023-10-29₹ 69.13₹ 69,134
2023-10-28₹ 69.13₹ 69,134
2023-10-27₹ 68.10₹ 68,105
2023-10-26₹ 68.38₹ 68,383
2023-10-25₹ 68.39₹ 68,388
2023-10-24₹ 69.74₹ 68,735
2023-10-23₹ 69.01₹ 69,012
2023-10-22₹ 70.74₹ 69,744
2023-10-21₹ 70.74₹ 69,744
2023-10-20₹ 69.83₹ 68,834
2023-10-19₹ 68.16₹ 68,163
2023-10-18₹ 69.55₹ 68,549
2023-10-17₹ 67.02₹ 67,017
2023-10-16₹ 68.51₹ 67,505
2023-10-15₹ 68.82₹ 67,819
2023-10-14₹ 68.82₹ 67,819
2023-10-13₹ 65.33₹ 65,328
2023-10-12₹ 66.98₹ 65,978
2023-10-11₹ 65.22₹ 65,222
2023-10-10₹ 65.24₹ 65,237
2023-10-08₹ 65.50₹ 64,495
2023-10-07₹ 65.50₹ 64,495
2023-10-06₹ 63.72₹ 62,716
2023-10-05₹ 63.23₹ 63,228
2023-10-04₹ 63.74₹ 62,737
2023-10-03₹ 62.21₹ 62,210
2023-10-02₹ 65.46₹ 65,463
2023-10-01₹ 66.09₹ 66,091
2023-09-30₹ 66.20₹ 66,205
2023-09-29₹ 68.63₹ 67,626
2023-09-28₹ 67.20₹ 67,202
2023-09-27₹ 68.20₹ 68,203
2023-09-26₹ 69.80₹ 68,801
2023-09-25₹ 70.10₹ 70,099
2023-09-24₹ 70.17₹ 70,166
2023-09-23₹ 70.17₹ 70,166
2023-09-22₹ 70.72₹ 69,721
2023-09-21₹ 69.92₹ 68,924
2023-09-20₹ 69.04₹ 69,039
2023-09-19₹ 69.35₹ 69,353
2023-09-18₹ 69.91₹ 68,914
2023-09-17₹ 69.58₹ 68,579
2023-09-16₹ 69.58₹ 68,579
2023-09-15₹ 68.19₹ 68,185
2023-09-14₹ 68.17₹ 68,172
2023-09-13₹ 68.30₹ 68,296
2023-09-12₹ 69.63₹ 68,634
2023-09-11₹ 68.48₹ 68,483
2023-09-10₹ 68.34₹ 68,343
2023-09-09₹ 68.34₹ 68,343
2023-09-08₹ 69.86₹ 68,858
2023-09-07₹ 69.05₹ 69,052
2023-09-06₹ 70.98₹ 69,984
2023-09-05₹ 71.83₹ 70,829
2023-09-04₹ 72.70₹ 71,697
2023-09-03₹ 72.71₹ 71,708
2023-09-02₹ 72.71₹ 71,708
2023-09-01₹ 73.67₹ 72,672
2023-08-31₹ 73.01₹ 73,009
2023-08-30₹ 73.06₹ 73,057
2023-08-29₹ 72.74₹ 71,744

Historical Price of Silver Rate In Andaman and nicobar

Introduction

Andaman and Nicobar are one of the prime tourist spots in our country. Although being away from the mainland, these islands have a very rich culture and also a thriving demand for silver and gold. This demand includes the local demand for silver and the demand on account of tourism. Silver and gold has been used as part of the traditional ceremonies as well as seen as an accessory of royalty in the islands

The details of the rates of silver in the Andaman and Nicobar islands and the related aspects of silver are mentioned below

Prices of Silver in Andaman and Nicobar

Silver rates in the islands like any other part of the country are ever changing and customers have to keep a track of the same to ensure that they purchase silver at the best possible price.

Where to purchase Silver in Andaman and Nicobar?

Silver can be purchased through multiple sources available on the islands. It is essential that these sources are certified and authentic in order to ensure that the silver purchased is genuine. This way, customers can ensure that they do not lose money on their purchases. The various sources of purchasing silver in the Andaman and Nicobar islands are,

  • Authorized sellers
  • Jewelers
  • Banks
  • E-commerce portals

Customers have to ensure that the silver purchased has the following markings for it to be pure and authentic and have a good resale value.

  • BIS (Bureau of Indian Standards) Mark
  • Jeweler’s / Manufacturer’s Identification Symbol
  • Assay Centre’s identification mark
  • Purity Grade Indicator
  • Marking Year

Factors Influencing the Prices of Silver

There are many factors that affect the rates of silver and force it to change on a daily basis. These factors can be external or intrinsic factors that have a direct influence on the rates of silver. These factors are multifaceted and have to be studied thoroughly to make a correct judgment of the prices of silver.

Some of such factors are detailed below.

Silver Demand

The demand for silver is the driving force that influences the prices of silver. Such demand for silver includes the personal demand or the demand for industrial or commercial purposes. Demand for this precious metal is always measured in cumulative form. Cumulative form includes silver in all its available forms mentioned below.

  • Coins
  • Bars
  • Household items
  • Jewellery  

Ancillary or Associated Costs

There are many costs associated in procuring and processing of silver. These costs are directly proportional to the prices of this metal. With the increase in such costs and other costs like marking costs, import costs, warehousing costs, etc., the rates of silver also increases.

Gold Prices

Gold prices are also another factor influencing the silver rates. The prices of these two metals are always in sync and silver prices follow the trend of the gold prices. Both these metals are traded on the commodity market.

Inflation

The inflation of any country is another major factor affecting the prices of silver. Inflation rate is in proportion to the prices of silver in any market.

External factors

External factors are the factors that are not directly related to the procuring or processing of this metal but still affect its prices. These factors are mentioned below

  • Geo-political scenario
  • Import and Export Policies
  • Government Policies
  • Dollar Fluctuations
  • Crude Oil Prices
  • Foreign Policies

In the current scenarios, the prices of silver are further affected by the pandemic as gold and silver are considered as steady investment options. These prices were on an increasing trend but with the introduction of the first vaccine in the market, silver prices have now reduced from its previously high levels.

Points to be Considered while Purchasing Silver

There are several considerations while purchasing silver that need to be factored in so as to get the best rate for silver as well as the metal in its desired form or purity. These considerations are mentioned below.

  • The form in which silver is to be purchased
  • Purpose of purchasing silver whether for personal use or for investment purposes.
  • Purchasing silver from a trusted and verified source
  • Tracking the daily rates of silver to know the latest prices and get the best rate for the metal.
  • Making sure that the metal to be purchased has all the essential markings to ensure that it is authentic and pure.

Also Read: Gold Rate In Andaman and nicobar

People Also Ask Silver Rate Andaman and Nicobar

1. What are the purity levels that are allotted to silver?

Silver is graded on the basis of its purity. The rate of silver is also determined on the basis of its purity. The highest purity level of silver is 99.9%. The various grades or purity allotted to silver are tabled below.
GradeFineness

9999

999.9

9995

999.5

999

999.0

990

990.0

970

970.0

925

925.0

900

900.0

835

835.0

800

800.0

2. What is the best time to purchase silver in Andaman and Nicobar?

Silver is considered as a steady investment at any time and hence can be purchased by tracking the prices to make the purchase at the correct time.

3. Can silver be purchased for purposes other than personal reasons?

Yes. Silver can be purchased for personal as well as industrial and commercial purposes. Silver has also found a place in ceremonies and rituals across the country and is considered to be an auspicious offering or gift at such occasions.

4. What are the various tests that can be performed on silver to ensure that it is authentic or pure?

Buyer or jewelers perform various tests on silver before it is purchased to test the purity of the metal and determine its price accordingly. Some of such tests that can be easily performed to determine the purity of silver are mentioned below. Magnet test Under this test, the buyer can run a magnet over the metal to be tested. On doing so if the metal gets attracted to the magnet, such metal is not pure and has some other metal or alloy in combination. Ice test Ice test requires the buyer to place a cube on the silver to be tested. If the metal makes the ice cube to melt at a higher or a faster pace, then such metal is pure. Stink test Silver has no odor so if the metal to be tested has some odor then such metal is not considered to be pure
×Thank you! Your comment will be reviewed and posted shortly.
Mastercard
Visa
Rupay
SafeKey
thawtr
Corporate Agent (Composite)

CreditMantri Finserv Private Limited

CIN No

U72100TN2012PTC085154

IRDAI Registration Number

CA0665

Valid Till

01-Aug-2025

ADDRESS

CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002

Copyright © 2024 CreditMantri