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Today Silver Rates In Assam

21 May 2022

silver rate today india

₹60.53

( Per Gram )

silver price today

₹60526

1 Kg

Silver Price TodaySilver Rate YesterdayChange(%)
1 gram60.5360.67-0.23%
10 gram6052660670-0.24%

Silver Rates In Assam for Last 90 Days

21 May 2022

Date1 gramBar Silver 1KG
2022-05-21₹ 61.53₹ 60,526
2022-05-20₹ 61.67₹ 60,670
2022-05-19₹ 59.46₹ 59,460
2022-05-18₹ 60.81₹ 59,808
2022-05-17₹ 60.10₹ 60,103
2022-05-16₹ 59.76₹ 58,761
2022-05-15₹ 58.49₹ 58,494
2022-05-14₹ 58.49₹ 58,494
2022-05-13₹ 57.47₹ 57,473
2022-05-12₹ 60.69₹ 59,694
2022-05-11₹ 59.77₹ 58,772
2022-05-10₹ 60.30₹ 60,299
2022-05-09₹ 61.31₹ 61,309
2022-05-08₹ 62.53₹ 61,531
2022-05-07₹ 62.53₹ 61,531
2022-05-06₹ 62.52₹ 61,515
2022-05-05₹ 63.54₹ 62,533
2022-05-04₹ 62.80₹ 61,792
2022-05-03₹ 62.25₹ 62,241
2022-05-02₹ 62.07₹ 62,064
2022-05-01₹ 64.29₹ 64,294
2022-04-30₹ 64.29₹ 64,294
2022-04-29₹ 64.34₹ 64,343
2022-04-28₹ 64.27₹ 64,276
2022-04-27₹ 65.68₹ 64,683
2022-04-26₹ 65.84₹ 64,839
2022-04-25₹ 66.96₹ 65,960
2022-04-24₹ 66.06₹ 66,062
2022-04-23₹ 66.06₹ 66,061
2022-04-22₹ 66.27₹ 66,267
2022-04-21₹ 69.61₹ 68,602
2022-04-20₹ 69.54₹ 68,531
2022-04-19₹ 70.42₹ 70,419
2022-04-18₹ 71.53₹ 70,533
2022-04-17₹ 70.05₹ 70,056
2022-04-16₹ 70.05₹ 70,056
2022-04-15₹ 70.02₹ 70,022
2022-04-14₹ 70.87₹ 69,876
2022-04-13₹ 69.10₹ 69,102
2022-04-11₹ 67.32₹ 67,316
2022-04-10₹ 67.27₹ 67,271
2022-04-09₹ 67.27₹ 67,271
2022-04-08₹ 67.81₹ 66,809
2022-04-07₹ 66.20₹ 66,194
2022-04-06₹ 66.63₹ 65,635
2022-04-05₹ 66.18₹ 66,182
2022-04-04₹ 67.99₹ 66,983
2022-04-03₹ 67.87₹ 66,871
2022-04-02₹ 67.87₹ 66,870
2022-04-01₹ 67.33₹ 67,325
2022-03-31₹ 67.26₹ 67,256
2022-03-30₹ 67.94₹ 66,943
2022-03-29₹ 67.46₹ 67,458
2022-03-28₹ 69.48₹ 69,480
2022-03-27₹ 70.60₹ 69,605
2022-03-26₹ 70.60₹ 69,606
2022-03-25₹ 70.63₹ 69,631
2022-03-24₹ 69.91₹ 68,918
2022-03-23₹ 67.26₹ 67,256
2022-03-22₹ 69.85₹ 68,858
2022-03-21₹ 68.98₹ 67,979
2022-03-20₹ 68.70₹ 67,697
2022-03-19₹ 68.70₹ 67,697
2022-03-18₹ 69.99₹ 68,998
2022-03-17₹ 68.28₹ 68,272
2022-03-16₹ 68.14₹ 68,135
2022-03-15₹ 69.51₹ 68,507
2022-03-14₹ 70.41₹ 70,416
2022-03-13₹ 71.87₹ 70,873
2022-03-12₹ 71.87₹ 70,873
2022-03-11₹ 70.45₹ 70,454
2022-03-10₹ 70.22₹ 70,220
2022-03-09₹ 72.42₹ 72,420
2022-03-07₹ 71.19₹ 71,191
2022-03-06₹ 70.24₹ 70,239
2022-03-05₹ 70.24₹ 70,239
2022-03-04₹ 68.38₹ 68,372
2022-03-02₹ 68.27₹ 68,269
2022-03-01₹ 66.88₹ 65,882
2022-02-28₹ 66.64₹ 65,644
2022-02-27₹ 65.11₹ 65,108
2022-02-26₹ 65.14₹ 65,138
2022-02-25₹ 66.78₹ 65,778
2022-02-24₹ 66.54₹ 65,541
2022-02-23₹ 64.42₹ 64,425
2022-02-22₹ 64.09₹ 64,090
2022-02-21₹ 64.09₹ 64,097
2022-02-20₹ 64.93₹ 63,937
2022-02-19₹ 64.93₹ 63,937
2022-02-18₹ 64.01₹ 64,010

Historical Price of Silver Rate In Assam

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

Silver Rates1 gram1 Kg
May 1st Rate61.5360,526
May 21th Rate64.2964,294
Highest May Rate64.2964,294
Lowest May Rate57.4757,473

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

Silver Rates1 gram1 Kg
April 1st Rate64.2964,294
April 30th Rate67.3367,325
Highest April Rate71.5370,533
Lowest April Rate64.2764,276

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

Silver Rates1 gram1 Kg
March 1st Rate67.2667,256
March 31th Rate66.8865,882
Highest March Rate72.4272,420
Lowest March Rate66.8865,882

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

Silver Rates1 gram1 Kg
February 1st Rate66.6465,644
February 28th Rate60.9359,931
Highest February Rate66.7865,778
Lowest February Rate60.8959,891

Trend of Silver Rate in Assam for January 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
January 1st Rate60.1160,106
January 31th Rate62.0362,027
Highest January Rate65.8664,859
Lowest January Rate59.0959,091

Introduction

Silver and gold hold an important place in the cultural history of India. This is irrespective of any province or state in the country as these precious metals have a place in all traditions and customs across the country. Silver is also favoured as an option to gift at ceremonies or auspicious occasions.

Besides jewellery, customers also prefer silver and gold as tools of investment. The cost of silver is lower as compared to the cost of gold and hence it’s also known as “poor man’s gold”. This ensures that customers can make better investment and the only ancillary cost to such investment is the storage cost. The resale value of silver is also high as it is considered to be a steady investment and mostly risk free. There are many factors affecting the rates of silver in the country and outside.

Given below are the details related to the rates of silver in the state of Assam.

Rates of Silver in Assam

The silver rates are very dynamic in nature and are constantly changing. The rate of silver is based on various external factors.

Factors affecting Silver Rates in Assam

The above rates as mentioned are ever changing based on multiple factors. Some of these factors are internal like the process of extracting or processing of the metal while there are also external factors that affect the prices of silver like the dollar fluctuations, demand and supply of the metal, logistics, etc. All these relevant factors are discussed below.

Demand for Silver

One of the main factors affecting the process of silver is the demand for the product. This demand for silver includes two types of demands namely, individual as well as commercial or industrial demand. Demand for silver is measured in all the available forms. The popular forms of silver are mentioned below

  • Coins
  • Bars
  • Household items
  • Jewellery

The demand for silver in retail form or at individual level is in smaller quantities. The demand for silver in case of commercial and industrial reasons is always in bulk.

Inflation

Inflation rate is another reason that affects the silver prices. Inflation rate is in direct correlation to the prices of silver. An increase in inflation of a country results in a direct increase in the prices of silver. In the state of Assam, any fluctuations in the rate of inflation will result in the changes in silver rates.

Gold Prices

Gold prices and silver prices have always followed a similar pattern or trend. The prices of gold often tend to impact the silver rates and pull them in the increasing or decreasing trend along with it. Gold and silver are the precious metals that are traded in the commodity market and have been on the increasing trend for many months.

Ancillary or Associated Costs

Ancillary costs or associated costs are the costs that are related or involved in extracting or processing the metal or refining it as well as storing it. Some of such costs are mining costs, import costs, storage costs, warehousing costs, marking costs, etc. These costs also have a direct correlation to the demand and supply factors of silver.

External factors

There are many external factors that influence the rates of silver. These rates affecting silver rate are multiple and some of the examples of such external factors are mentioned below

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

The latest factor to affect the rates of silver is the introduction of vaccines in the market for the current pandemic. The announcement of a working and valid vaccine for the COVID-19 pandemic has resulted in crashing of the silver rates in the market to a great extent.

Silver Purity

Silver comes in many purity grades and the prices of silver is also determined on the basis of its purity. Silver purity is measured in percentage and the highest level of purity that is associated or allotted to silver is 99.9% or 9999 mark. It is usually combined with other metals like copper, nickel or any other alloy to ensure that silver does not deteriorate over time.

Buyers perform many tests to ensure that the silver purchased in any form is pure so they are not cheated or duped of the funds used to purchase such silver. Some of these tests are very basic and can get instant results or judgment on purity. The details of the same are mentioned below.

Ice Test

The ice test requires an ice cube to be placed on the metal to be tested. If the ice melts too fast, the silver is considered to be pure. In any other case, the metal is not pure.

Magnet Test

Another test is the magnet test where the buyer will run a magnet over the metal. If the metal to be tested is attracted to the magnet, then the metal is not pure and has impurities or other metals in the mix.

Stink Test

The stink test of testing purity of silver involves the testing of the metal based on the odor of the metal. Silver has no odor so if the metal to be tested has any odor in it, such metal will not be considered to be pure.

Authentication Markings on Silver

Silver like gold has many markings on it that assure the buyers and sellers of its purity and its quality. While purchasing and selling silver it is recommended that only marked and certified silver be traded. This ensures that the customers get the value for the money paid and are not faced with any fraud.

In India, there are multiple markings placed on silver for this purpose. Following are the details of such markings.

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

In order to ensure that the silver bought is genuine and pure, apart from the above markings; customers are also advised to purchase silver from authorized sellers. These authorized merchants are mentioned below.

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

People Also Ask Silver Rate Assam

1. What are the factors to be accounted for while purchasing silver?

The various concerns to be accounted for while purchasing silver are mentioned below.
  • Form of silver to be purchased (whether silver coins, silver bars silver bullions, silver jewellery or silver household items)
  • Purchasing through a trusted and authenticated source of silver, especially when buying in larger quantities.
  • Daily rates of silver
  • Ensuring proper certification of the silver to be purchased
  • Ensuring it has all the necessary markings to authenticate or assure the purity of the metal.

2. How to ensure that I get maximum return on silver purchased?

Silver Investment can be made in multiple forms like silver coins and silver bars and bullions. These forms provide maximum returns to the customer at the time of resale as there is no reduction in value on account of any other metal or making charges, etc.

3. What is the highest purity of silver?

The highest purity of silver that is available in the market is 9999 fineness. It certifies that the silver is the purest i.e., 99.9% pure.

4. What are the ways for a person to trade in silver?

Silver can be traded through the futures market or commodity market. In India there are no ETF markets so customers can trade silver through an ETF in the US market or MCX and NCDEX. On the MCX and NCDEX market silver can be traded in the contract sizes or lots of 1 kg silver and such contracts are not spot contracts.

5. What are the sources of purchasing silver?

Customers can purchase silver through many sources like certified e-commerce sellers, jewelers, private dealers, authorized sellers or even through banks.
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