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Today Silver Rates In Chhapra

28 Mar 2024

silver rate today india

₹72.35

( Per Gram )

silver price today

₹72347

1 Kg

Silver Price TodaySilver Rate YesterdayChange(%)
1 gram72.3572.48-0.18%
10 gram7234772477-0.18%

Silver Rates In Chhapra for Last 90 Days

28 Mar 2024

Date1 gramBar Silver 1KG
2023-11-27₹ 72.35₹ 72,347
2023-11-26₹ 72.48₹ 72,477
2023-11-25₹ 72.48₹ 72,477
2023-11-24₹ 71.59₹ 70,588
2023-11-23₹ 71.55₹ 70,548
2023-11-22₹ 71.85₹ 70,852
2023-11-21₹ 71.80₹ 70,797
2023-11-20₹ 70.49₹ 70,488
2023-11-19₹ 71.67₹ 70,666
2023-11-18₹ 71.67₹ 70,666
2023-11-17₹ 71.89₹ 70,894
2023-11-16₹ 69.39₹ 69,393
2023-11-15₹ 68.49₹ 68,491
2023-11-14₹ 67.54₹ 66,543
2023-11-13₹ 66.01₹ 66,007
2023-11-12₹ 66.32₹ 66,317
2023-11-11₹ 66.32₹ 66,317
2023-11-10₹ 68.56₹ 67,564
2023-11-09₹ 67.35₹ 67,349
2023-11-08₹ 67.20₹ 67,198
2023-11-07₹ 68.25₹ 68,250
2023-11-06₹ 69.91₹ 68,911
2023-11-05₹ 69.03₹ 69,027
2023-11-04₹ 69.03₹ 69,027
2023-11-03₹ 67.42₹ 67,424
2023-11-02₹ 68.38₹ 68,378
2023-11-01₹ 68.63₹ 67,634
2023-10-31₹ 69.22₹ 69,224
2023-10-30₹ 69.80₹ 68,797
2023-10-29₹ 69.95₹ 68,947
2023-10-28₹ 69.95₹ 68,947
2023-10-27₹ 68.92₹ 67,921
2023-10-26₹ 68.20₹ 68,198
2023-10-25₹ 68.20₹ 68,203
2023-10-24₹ 69.55₹ 68,550
2023-10-23₹ 69.83₹ 68,825
2023-10-22₹ 70.56₹ 69,556
2023-10-21₹ 70.56₹ 69,556
2023-10-20₹ 69.65₹ 68,648
2023-10-19₹ 68.98₹ 67,979
2023-10-18₹ 68.36₹ 68,364
2023-10-17₹ 67.84₹ 66,836
2023-10-16₹ 67.32₹ 67,323
2023-10-15₹ 68.64₹ 67,636
2023-10-14₹ 68.64₹ 67,636
2023-10-13₹ 65.15₹ 65,152
2023-10-12₹ 66.80₹ 65,800
2023-10-11₹ 65.05₹ 65,046
2023-10-10₹ 65.06₹ 65,061
2023-10-08₹ 64.32₹ 64,321
2023-10-07₹ 64.32₹ 64,321
2023-10-06₹ 63.55₹ 62,547
2023-10-05₹ 63.06₹ 63,057
2023-10-04₹ 63.57₹ 62,568
2023-10-03₹ 62.04₹ 62,042
2023-10-02₹ 65.29₹ 65,287
2023-10-01₹ 66.91₹ 65,913
2023-09-30₹ 66.03₹ 66,026
2023-09-29₹ 67.44₹ 67,444
2023-09-28₹ 67.02₹ 67,021
2023-09-27₹ 68.02₹ 68,019
2023-09-26₹ 69.62₹ 68,616
2023-09-25₹ 70.91₹ 69,910
2023-09-24₹ 70.98₹ 69,976
2023-09-23₹ 70.98₹ 69,976
2023-09-22₹ 70.53₹ 69,532
2023-09-21₹ 69.74₹ 68,738
2023-09-20₹ 69.85₹ 68,853
2023-09-19₹ 69.17₹ 69,166
2023-09-18₹ 69.73₹ 68,729
2023-09-17₹ 68.39₹ 68,394
2023-09-16₹ 68.39₹ 68,394
2023-09-15₹ 68.00₹ 68,001
2023-09-14₹ 68.99₹ 67,988
2023-09-13₹ 68.11₹ 68,112
2023-09-12₹ 68.45₹ 68,449
2023-09-11₹ 68.30₹ 68,299
2023-09-10₹ 68.16₹ 68,159
2023-09-09₹ 68.16₹ 68,159
2023-09-08₹ 69.67₹ 68,672
2023-09-07₹ 69.87₹ 68,866
2023-09-06₹ 70.80₹ 69,795
2023-09-05₹ 71.64₹ 70,638
2023-09-04₹ 72.50₹ 71,504
2023-09-03₹ 72.51₹ 71,515
2023-09-02₹ 72.51₹ 71,515
2023-09-01₹ 72.48₹ 72,476
2023-08-31₹ 73.81₹ 72,812
2023-08-30₹ 73.86₹ 72,860
2023-08-29₹ 72.55₹ 71,551

Historical Price of Silver Rate In Chhapra

Trend of Silver Rate in Chhapra for November 2023 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
November 1st Rate72.3572,347
November 27th Rate68.6367,634
Highest November Rate72.4872,477
Lowest November Rate66.0166,007

How to invest in Silver

The major advantage of investing in silver is its affordable price. Unlike gold, which is expensive and requires large amounts of money as investment, smaller silver coins can be bought for as little as a few hundred rupees. Keep in mind though that each investment option in precious metals and other commodities has its pros and cons. The most traditional channel of investing in silver is buying silver coins, jewelry and silver household items. Silver can most commonly be purchased in the form of coins, bars, and jewelry. Below are some of the ways in which you can invest in silver:

Silver jewelry and household objects

If you plan to buy silver jewelry or silver items for the house like utensils, prayer lamps, keep in mind that you have to pay for making charges as well. The more intricately designed silver jewelry costs more, making it far more expensive than buying coins. Silver jewelry attracts a melting charge of 15 per cent or more at the point of resale, which lowers effective returns, if you plan to sell your silver jewelry at a later point. Hence, you would have to forgo some of the invested amount in the form of wastage/making charges and melting charges.

Buying any form of physical silver comes with the problem of storage, as the volume of metal bought is much more than that of gold for the price paid. If you are buying for purely investment purposes, might have to also pay for storage facilities like a bank locker in order to keep your silver secure.

How to buy silver coins in Chhapra

Silver and gold coins are extremely popular in Chhapra as a gift on auspicious occasions. Silver coins also make for a good investment choice since they are available in different weights, which gives investors the freedom to choose according to their budget. A number of jewelers and banks sell certified and assayed silver coins. Silver coins are available online as well, although it can be risky to buy from anyone other than a certified jeweler/seller. Make sure to get a purity certificate along with your silver purchase.

You can choose to purchase silver coins from a jewelry showroom or from banks, although purchasing coins from the latter might prove to be slightly more expensive, as they include charges for damage-proof packing and a purity assay certificate. For example, , a 50 gm coin of 24 carat purity from a bank would cost more compared to buying the same coin from a jewelry showroom. Jewelers would also apply a casting charge as well as sales tax.

How to buy silver bars

The most important thing to keep in mind while buying any kind of silver is to check the live silver market rate market rates. Silver bars can be purchased from banks and big jewelers, as they are typically kept for serious investors. These bars typically range from 500 gm to 1kg.

Futures exchange

Buying silver in the futures exchange market is one of the options for a serious investor, but the contract sizes are significantly larger than some other commodities, like gold..

There are also several charges associated with trading in the futures market. These could be in the form of brokerage, stamp duty and various other charges that you would have to bear.

Silver ETF

There is no silver ETF (Exchange Traded Fund) in Chhapra at the present moment with the closure of the National Spot Exchange. However, there is an option for trading in Silver ETFs listed in the US market. Investors looking to trade in the silver ETFs listed on the US market need to open an account with a stock broker who offers a platform for investing in international stock markets.

Also Read: Gold Rate Today

How to buy silver

There are a few things to be kept in mind before buying silver. It is very important to first watch the price movements of silver carefully over a period of time and check live silver rates before deciding to invest. There are a multitude of options available in the market and buying silver can be a viable investment option. Keep the following points in mind before making your purchase.

Research silver rates

Silver prices, while relatively stable, still require monitoring if it is for the purpose of investment. It is important to observe market trends and stay in tune with the latest price movements. This will help you make the best and most informed decision on when to buy or sell. You can use CreditMantri’s silver rate page to check live silver rates in Chhapra and make data-driven decisions on your silver investments based on the most up-to-date information.

Decide what kind of silver you want to buy

Silver, like gold, comes in various forms like bars, coins, and jewelry. Each form offers its own unique advantages and disadvantages. If your intention is to sell the silver at a later date, then jewelry might not be the most optimal option and you could consider other forms of silver investment like coins or bars. Decide on what form your investment will take so you have a clear idea of the pros and cons.

Ensure certification

In Chhapra, the Bureau of Indian Standards (BIS) introduced hallmarking of silver in 2005. There are several grades of silver purity with 9999 being of the maximum fineness. The silver and silver alloys are stamped with standard marks by the BIS- recognised Assaying and Hallmarking Centres. The silver will carry 5 markings including

  1. BIS mark
  2. Purity/fineness
  3. Assay centre’s identification mark
  4. Year of marking
  5. Jeweler’s/manufacturer’s identification mark

Online purchase

There are a number of online silver sellers today. While it may be convenient to buy online, you need to be very careful about buying only from trusted certified sellers as there is vast scope for adulteration of silver and cheating.

How to sell silver

In Chhapra, silver is always in demand, making it a highly liquid asset. Selling silver is not difficult, as most jewelers and pawn shops are willing to buy silver at current prices. But keep in mind that intricately designed silver jewelry might fetch lower prices than expected, as jewelers do not pay for the design but only for the weight of the precious metal. Some jewelers might pay lower than the market price, so be sure to get at least a couple of quotes by visiting different jewelry showrooms before making a decision. You need to make sure that you are aware of current market prices and trends so that you get the best possible price. Make sure to weigh the silver with a reputed jeweler before selling, in order to avoid getting duped. It is always a good idea to sell silver coins or bars rather than silver jewelry as they tend to attract better rates from jewelers as compared to jewelry.

How much is silver worth

Silver is one of those precious metals which will always be in demand, because of its industrial as well as ornamental use. However, it is impossible to predict the price of silver and whether it will continue to appreciate as an asset or not. As with all other commodities, silver prices are also subject to fluctuation and it is important in order to watch market trends before making any kind of investment.

Factors affecting silver price in Chhapra

Like gold, the price of silver fluctuates based on the relation between supply and demand as well as other larger economic factors. The price of silver reached a peak some years ago between around 2008-2012 but has stabilised since then. Following are a few factors that contribute to the price of silver in Chhapra:

Industrial demand

Unlike its yellow counterpart, industrial demands make up most of the worldwide demand for silver. Silver is used in every day gadgets like cell phones, touch screens, televisions as well as solar panels, RIFD chips for tracking global shipments and parcels, and nuclear reactors where its use cannot be replaced by any other metal. The medical industry also accounts for silver demand. These factors continue to drive demand for the metal and impact the price of silver.

Investment demand

The price of gold is determined largely by its investment demand. Although the same cannot be said for silver, many investors see it as a long term investment, due to increasing demand and depleting resources. This has made it an attractive metal to invest in and has led investors to stock this precious metal.

Import costs:

Chhapra does not have substantial natural deposits of silver and meets a huge proportion of its silver needs through imports. This means that import rates affect the price of silver within the country. Since trading takes place in US dollars, a stronger dollar makes buying silver more expensive in Chhapra.

Disclaimer: The information on the prices of silver rate is merely indicative and is susceptible to change with market value and is provided on an as-is basis. The information contained here is not intended as investment advice. CreditMantri is in no way responsible for any loss arising from the use of data contained in this website.

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