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Today Silver Rates In Arunachal pradesh

23 Mar 2023

silver rate today india

₹66.68

( Per Gram )

silver price today

₹66685

1 Kg

Silver Price TodaySilver Rate YesterdayChange(%)
1 gram66.6866.680.00%
10 gram66685666850.00%

Silver Rates In Arunachal pradesh for Last 90 Days

23 Mar 2023

Date1 gramBar Silver 1KG
2023-03-23₹ 67.68₹ 66,685
2023-03-22₹ 67.68₹ 66,685
2023-03-21₹ 65.56₹ 64,562
2023-03-20₹ 65.56₹ 64,562
2023-03-19₹ 65.56₹ 64,562
2023-03-18₹ 65.56₹ 64,562
2023-03-17₹ 65.56₹ 64,562
2023-03-16₹ 65.56₹ 64,562
2023-03-15₹ 65.56₹ 64,562
2023-03-14₹ 64.42₹ 64,421
2023-03-13₹ 61.70₹ 60,700
2023-03-12₹ 60.36₹ 60,355
2023-03-11₹ 60.25₹ 60,255
2023-03-10₹ 59.99₹ 58,993
2023-03-09₹ 59.86₹ 58,864
2023-03-08₹ 59.02₹ 59,016
2023-03-07₹ 62.97₹ 61,967
2023-03-06₹ 62.33₹ 62,327
2023-03-05₹ 62.33₹ 62,327
2023-03-04₹ 62.33₹ 62,327
2023-03-03₹ 62.63₹ 61,631
2023-03-02₹ 62.93₹ 61,930
2023-03-01₹ 62.92₹ 61,922
2023-02-28₹ 61.14₹ 61,145
2023-02-27₹ 62.72₹ 61,720
2023-02-26₹ 62.72₹ 61,720
2023-02-25₹ 62.73₹ 61,726
2023-02-24₹ 63.24₹ 63,237
2023-02-23₹ 64.41₹ 64,408
2023-02-22₹ 65.87₹ 64,870
2023-02-21₹ 65.71₹ 64,711
2023-02-20₹ 65.54₹ 64,539
2023-02-19₹ 65.54₹ 64,539
2023-02-18₹ 65.63₹ 64,631
2023-02-17₹ 64.96₹ 63,955
2023-02-16₹ 64.32₹ 64,322
2023-02-15₹ 65.64₹ 64,636
2023-02-14₹ 65.00₹ 65,003
2023-02-13₹ 65.91₹ 64,907
2023-02-12₹ 65.13₹ 65,125
2023-02-11₹ 65.18₹ 65,184
2023-02-10₹ 65.00₹ 64,997
2023-02-09₹ 66.09₹ 66,088
2023-02-08₹ 66.31₹ 66,313
2023-02-07₹ 66.99₹ 65,991
2023-02-06₹ 66.89₹ 65,886
2023-02-05₹ 66.89₹ 65,886
2023-02-04₹ 66.42₹ 66,417
2023-02-03₹ 69.07₹ 69,067
2023-02-02₹ 70.91₹ 69,909
2023-02-01₹ 69.42₹ 69,423
2023-01-31₹ 69.05₹ 69,053
2023-01-30₹ 69.96₹ 68,962
2023-01-29₹ 69.96₹ 68,962
2023-01-28₹ 69.96₹ 68,961
2023-01-27₹ 70.98₹ 69,981
2023-01-26₹ 70.76₹ 69,757
2023-01-25₹ 69.42₹ 69,417
2023-01-24₹ 67.06₹ 67,065
2023-01-23₹ 70.51₹ 69,514
2023-01-22₹ 70.51₹ 69,514
2023-01-21₹ 70.51₹ 69,514
2023-01-20₹ 69.78₹ 68,778
2023-01-19₹ 69.76₹ 68,765
2023-01-18₹ 70.95₹ 69,950
2023-01-17₹ 71.21₹ 71,213
2023-01-16₹ 71.73₹ 70,733
2023-01-15₹ 71.73₹ 70,733
2023-01-14₹ 71.73₹ 70,730
2023-01-13₹ 69.04₹ 69,036
2023-01-12₹ 69.62₹ 68,624
2023-01-09₹ 70.31₹ 70,306
2023-01-08₹ 70.31₹ 70,306
2023-01-07₹ 70.31₹ 70,306
2023-01-06₹ 69.63₹ 68,627
2023-01-05₹ 71.84₹ 70,838
2023-01-04₹ 71.11₹ 71,109
2023-01-03₹ 71.05₹ 71,053
2023-01-02₹ 71.09₹ 71,091
2023-01-01₹ 71.09₹ 71,091
2022-12-31₹ 71.92₹ 70,925
2022-12-30₹ 71.99₹ 70,995
2022-12-29₹ 70.96₹ 69,959
2022-12-28₹ 71.48₹ 71,483
2022-12-27₹ 70.46₹ 70,459
2022-12-26₹ 70.33₹ 70,331
2022-12-25₹ 70.33₹ 70,331
2022-12-24₹ 71.55₹ 70,550
2022-12-23₹ 70.65₹ 69,653
2022-12-22₹ 71.23₹ 71,234
AXIS NEO

Historical Price of Silver Rate In Arunachal pradesh

Trend of Silver Rate in Arunachal pradesh for March 2023 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
March 1st Rate67.6866,685
March 23th Rate62.9261,922
Highest March Rate67.6866,685
Lowest March Rate59.8658,864

Trend of Silver Rate in Arunachal pradesh for February 2023 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
February 1st Rate61.1461,145
February 28th Rate69.4269,423
Highest February Rate70.9169,909
Lowest February Rate61.1461,145

Trend of Silver Rate in Arunachal pradesh for January 2023 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
January 1st Rate69.0569,053
January 31th Rate71.0971,091
Highest January Rate71.2171,213
Lowest January Rate67.0667,065

Trend of Silver Rate in Arunachal pradesh for December 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
December 1st Rate71.9270,925
December 31th Rate65.6964,694
Highest December Rate72.5571,553
Lowest December Rate65.6964,694

Trend of Silver Rate in Arunachal pradesh for November 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
November 1st Rate62.2262,223
November 30th Rate57.8656,853
Highest November Rate64.8663,868
Lowest November Rate57.8656,853

Introduction

Silver is regarded to be quite auspicious in India. It is commonly used for making household jewellery and divine puja pieces. It's rising next to gold in domestic demand. Silver is readily available in a number of outlets. Investments in silver are also made via silver coins, silver bars, Future Exchanges and Silver ETFs (in the US market).

Despite the current economic sluggishness in India and around the world, the bullion market has seen tremendous growth. Bullions are often known to be safe investments that promise wealth appreciation.

Most of the silver produced in India is a by-product of zinc mining in northern India. In addition to domestic mining, silver is also produced from the refining of manufactured minerals, such as copper concentrates, lead-zinc concentrates and doré, in India's various gold refineries.

Overview of the Silver Market in Arunachal Pradesh

There are a variety of options to invest in Silver. While much of the consumption is in the form of jewellery and household antiques, customers are increasingly opening up to Silver ETFs and Futures Trading. Silver has proven time and again its reputation in the futures market, bringing consistent returns to its owners.

Investing in silver jewellery and household items

In India, there is no lack of jewellery stores. Silver jewellery and household items are widely available in almost every jewellery store here. Silver jewellery is very widely worn by women and men in India. Children are especially decorated with silver jewellery such as anklets, bracelets and earrings.

Silver is not very costly; therefore, it's considered 'the poor man's gold.' So, silver jewellery is very inexpensive and not as costly as gold or platinum jewellery. They are easy to create and come with many appealing styles. Because of their affordability, people prefer silver to many of their jewellery pieces.

The downside to purchasing silver jewellery is the high making charges and the very low resale rate for your old silver pieces. This results in a significant loss whether you wish to sell or exchange your old silver jewellery or pieces.

Investing in Silver Coins in Arunachal Pradesh

Silver is often considered a very nice gift piece. Indians are really particular in offering presents for special events of one's life. If it's a birthday, wedding, house-warming ceremony, festivals, company gifts and much more, silver coins are one of the most sought-after gift choices for all of the above. Silver coins are also readily available, much like silver jewellery or other objects. It can be ordered from any of the jewellery stores. Certified and assayed silver coins may also be obtained from post offices and banks.

While Silver Coins is an enticing gift choice, they too are not beneficial when you go to resell them or convert them to jewellery. Certain sums are deducted as a waste and you have to pay a premium on the things you wish to buy. So, for many, silver coins are not a very enticing investment choice.

Silver Futures Trading in Arunachal Pradesh

Silver Futures Trading is a very good investment opportunity for businessmen. Residents of Arunachal Pradesh can invest in Silver Futures trading through the MCX platform. Silver Futures are traded on the MCX; India's first listed exchange, The Multi Commodity Exchange of India Limited (MCX), is a state-of-the-art exchange of commodity derivatives that facilitates online trading of exchanges of commodity derivatives, providing a forum for market discovery and risk management.

A Silver Futures is a legally binding agreement that agrees for delivery of silver at a pre-agreed upon price in the future. A futures exchange agreement is drawn on the quantity, quality, time, and place of delivery, only the price is variable. Futures contracts typically trade on an exchange, where one party agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date.

In order to trade in silver futures, you need to take the services of a broker who is a member of the stock exchange. Silver futures portfolios are also open to smaller buyers. As these are available in various sizes such as 30 kg, 5 kg and 1 kg, it is easy to make smaller investments. You don't have to keep them until the day of expiry. You may square off your spot any time before that if you find that the price of silver isn't heading to your benefit.

Advantages and disadvantages of Silver Futures

Trading in silver futures has a lot of benefits. One is that it is an effective tool to defend against other investments. Since silver usually travels in the opposite direction to equity, you can cover your capital losses with potential profits. You will benefit from market movements in silver without having to take delivery of the product and think about protection and purity. Because these futures are actively traded, you don't need to think about liquidity.

The downside is that low margins could cause you to over-extend yourself and run the risk of incurring huge losses. It may also be difficult to contend with the fluctuations of silver futures to find the best time to book gains or minimise losses.

Silver ETFs in Arunachal Pradesh

There aren’t any Silver ETF schemes in Arunachal Pradesh, or even in India, for that matter. Investors can opt for Silver ETFs listed on the US Market. They will require a broking account for international stock markets or take the assistance of stock brokers dealing in International Stock Markets.

Factors affecting silver prices in Arunachal Pradesh

The price of silver in India is primarily influenced by the global price of silver. It is therefore instructive to consider the effects of silver prices globally and in India to affect the price in Arunachal Pradesh.

Availability: Silver reserves are concentrated in countries such as Australia, Bolivia, Mexico and Kazakhstan. As a result, supply disruptions in each of these large mines could have the effect of pushing up the price of silver, as silver continues to be very vulnerable to market disruption.

Global demand & supply: In the demand front, global growth, higher production and new processing facilities would push up costs due to an increase in demand. This is owing in large part to the fact that the demand for silver already exceeds supply.

Spot price of silver: Finally, the spot price of silver also has an impact on the trading of silver bets. If the sellers are too long on the stock, they help to build a price cap, while too much of the net shorts on the stock appear to create a floor for the price of silver.

Points to remember while buying Silver

Once you have decided to buy silver or invest in silver, it is prudent to spend some time in researching the market. It will help you learn about the recent price trend of Silver to make an informed decision. Since the silver rate is highly volatile, one needs to keep a close watch to invest on the right day. Here are some pointers to help you make a decision while investing in silver;

Study the general pattern of silver prices: Silver prices need constant check, though they are largely resilient to market fluctuations. You should keep tracking it if they are for investment purposes. This will help you make the right and most educated decision whether to buy or sell. You can use the CreditMantri Silver Rate page to check the Arunachal Pradesh Live Silver Rate and make data-driven decisions about your Silver Investment based on the most up-to - date information available.

Consider exactly what sort of silver you want to acquire; Silver, like gold, comes in various types, like bars, coins, and jewellery. Every type does have its own distinct merits and disadvantages. If your intention is to sell the silver at a later date, then jewellery may not be the best option and you might consider other forms of silver investment, such as coins or bars. Decide on what sort of investment you are trying to take, so that you have a clearer idea of the pluses and minuses.

Certification Check: The Bureau of Indian Standards (BIS) launched silver markings in 2005. There are several grades of silver purity, 9999 being of the highest fineness. The silver and silver alloys are stamped with the regular markings of the BIS-Recognized Testing and Hallmarking Centres. Silver bears 5 marks, including

  • BIS mark
  • Purity/fineness
  • Assay centre’s identification mark
  • Year of marking
  • Jeweller’s/manufacturer’s identification mark

Online Purchase Options: There are a number of online retailers currently selling silver of varying purities. Although it can be easy to purchase online, you need to be very careful about purchasing only from trusted licenced vendors as there is significant scope for adulteration of silver and fraud.

Also Read: Gold Rate In Arunachal pradesh

People Also Ask Arunachal pradesh

1. How can I check the daily silver rate for Arunachal Pradesh?

You can logon to CreditMantri’s Silver Rate page to check the Arunachal Pradesh Live Silver Rate and make an informed decision about your Silver Investment based on the most up to date information available.

2. What are the disadvantages of investing in silver jewellery?

The major disadvantage of purchasing silver jewellery is that a considerable amount of money is wasted when you exchange or resell the silver jewellery items. Also, you have to pay making charges and wastage for the new items you are going to purchase.

3. What is the minimum quantity to invest in Silver Futures trading?

The minimum quantity of silver to purchase with Silver Futures is 1Kg. The 1Kg silver micro contract is the smallest silver derivative.

4. Can I buy silver online?

Yes, most e-commerce sites sell silver coins and silver jewellery. But you have to be careful with the purity and quality to prevent fraud.
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