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Today Silver Rates In Andaman and nicobar

25 Jun 2022

silver rate today india

₹58.88

( Per Gram )

silver price today

₹58880

1 Kg

Silver Price TodaySilver Rate YesterdayChange(%)
1 gram58.8859.98-1.87%
10 gram5888059976-1.86%

Silver Rates In Andaman and nicobar for Last 90 Days

25 Jun 2022

Date1 gramBar Silver 1KG
2022-06-24₹ 59.88₹ 58,880
2022-06-23₹ 60.98₹ 59,976
2022-06-21₹ 60.37₹ 60,367
2022-06-20₹ 61.65₹ 60,655
2022-06-19₹ 61.60₹ 60,603
2022-06-17₹ 61.15₹ 61,149
2022-06-16₹ 61.68₹ 60,677
2022-06-14₹ 59.21₹ 59,211
2022-06-13₹ 61.46₹ 61,461
2022-06-12₹ 61.36₹ 61,359
2022-06-11₹ 61.36₹ 61,360
2022-06-10₹ 60.45₹ 60,449
2022-06-09₹ 62.62₹ 61,627
2022-06-08₹ 62.95₹ 61,948
2022-06-07₹ 62.58₹ 61,583
2022-06-06₹ 61.06₹ 61,060
2022-06-05₹ 61.09₹ 61,091
2022-06-04₹ 61.09₹ 61,092
2022-06-03₹ 62.29₹ 62,290
2022-06-02₹ 61.62₹ 60,619
2022-06-01₹ 60.15₹ 60,145
2022-05-31₹ 61.68₹ 60,677
2022-05-30₹ 61.42₹ 61,418
2022-05-29₹ 62.61₹ 61,608
2022-05-28₹ 62.61₹ 61,608
2022-05-27₹ 61.12₹ 61,125
2022-05-26₹ 61.09₹ 61,091
2022-05-25₹ 61.38₹ 61,378
2022-05-24₹ 60.42₹ 60,417
2022-05-23₹ 61.30₹ 61,302
2022-05-22₹ 61.69₹ 60,688
2022-05-21₹ 61.69₹ 60,688
2022-05-20₹ 61.81₹ 60,809
2022-05-19₹ 60.62₹ 59,619
2022-05-18₹ 60.97₹ 59,968
2022-05-17₹ 60.26₹ 60,264
2022-05-16₹ 59.92₹ 58,918
2022-05-15₹ 59.65₹ 58,651
2022-05-14₹ 59.65₹ 58,651
2022-05-13₹ 58.63₹ 57,627
2022-05-12₹ 60.85₹ 59,854
2022-05-11₹ 59.93₹ 58,929
2022-05-10₹ 60.46₹ 60,460
2022-05-09₹ 62.60₹ 61,598
2022-05-08₹ 62.69₹ 61,696
2022-05-07₹ 62.69₹ 61,696
2022-05-06₹ 62.68₹ 61,680
2022-05-05₹ 63.70₹ 62,701
2022-05-04₹ 62.96₹ 61,957
2022-05-03₹ 62.41₹ 62,407
2022-05-02₹ 62.23₹ 62,230
2022-05-01₹ 64.46₹ 64,466
2022-04-30₹ 64.46₹ 64,466
2022-04-29₹ 65.54₹ 64,547
2022-04-28₹ 64.44₹ 64,448
2022-04-27₹ 65.84₹ 64,846
2022-04-26₹ 65.01₹ 65,012
2022-04-25₹ 66.14₹ 66,136
2022-04-24₹ 66.24₹ 66,239
2022-04-23₹ 66.24₹ 66,238
2022-04-22₹ 66.45₹ 66,444
2022-04-21₹ 69.79₹ 68,786
2022-04-20₹ 69.72₹ 68,715
2022-04-19₹ 71.61₹ 70,608
2022-04-18₹ 71.72₹ 70,722
2022-04-17₹ 70.24₹ 70,243
2022-04-16₹ 70.24₹ 70,243
2022-04-15₹ 70.21₹ 70,209
2022-04-14₹ 70.06₹ 70,063
2022-04-13₹ 69.29₹ 69,287
2022-04-11₹ 68.50₹ 67,496
2022-04-10₹ 67.45₹ 67,451
2022-04-09₹ 67.45₹ 67,451
2022-04-08₹ 67.99₹ 66,988
2022-04-07₹ 66.38₹ 66,371
2022-04-06₹ 66.81₹ 65,811
2022-04-05₹ 66.36₹ 66,359
2022-04-04₹ 67.17₹ 67,162
2022-04-03₹ 67.05₹ 67,050
2022-04-02₹ 67.05₹ 67,049
2022-04-01₹ 67.41₹ 67,409
2022-03-31₹ 67.44₹ 67,436
2022-03-30₹ 67.23₹ 67,230
2022-03-29₹ 68.85₹ 67,844
2022-03-28₹ 70.80₹ 69,804
2022-03-27₹ 70.79₹ 69,791
2022-03-26₹ 70.79₹ 69,792
2022-03-25₹ 70.82₹ 69,817
2022-03-24₹ 69.10₹ 69,102
2022-03-23₹ 67.44₹ 67,436

Historical Price of Silver Rate In Andaman and nicobar

Trend of Silver Rate in Andaman and nicobar for June 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
June 1st Rate59.8858,880
June 24th Rate60.1560,145
Highest June Rate62.2962,290
Lowest June Rate59.8858,880

Trend of Silver Rate in Andaman and nicobar for May 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
May 1st Rate61.6860,677
May 31th Rate64.4664,466
Highest May Rate64.4664,466
Lowest May Rate58.6357,627

Trend of Silver Rate in Andaman and nicobar for April 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
April 1st Rate64.4664,466
April 30th Rate67.4167,409
Highest April Rate71.7270,722
Lowest April Rate64.4464,448

Trend of Silver Rate in Andaman and nicobar for March 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
March 1st Rate67.4467,436
March 31th Rate66.0666,058
Highest March Rate73.6172,614
Lowest March Rate66.0666,058

Trend of Silver Rate in Andaman and nicobar for February 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
February 1st Rate66.8265,820
February 28th Rate60.0960,091
Highest February Rate66.9665,954
Lowest February Rate60.0560,051

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.

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
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