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Today Silver Rates In Chhattisgarh

19 Apr 2024

silver rate today india

₹71.35

( Per Gram )

silver price today

₹71355

1 Kg

Silver Price TodaySilver Rate YesterdayChange(%)
1 gram71.3570.471.23%
10 gram71355704741.23%

Silver Rates In Chhattisgarh for Last 90 Days

19 Apr 2024

Date1 gramBar Silver 1KG
2023-11-27₹ 71.35₹ 71,355
2023-11-26₹ 70.47₹ 70,474
2023-11-25₹ 70.47₹ 70,474
2023-11-24₹ 69.64₹ 68,637
2023-11-23₹ 69.60₹ 68,597
2023-11-22₹ 69.89₹ 68,893
2023-11-21₹ 69.84₹ 68,840
2023-11-20₹ 69.54₹ 68,539
2023-11-19₹ 69.71₹ 68,712
2023-11-18₹ 69.71₹ 68,712
2023-11-17₹ 69.93₹ 68,934
2023-11-16₹ 67.47₹ 67,474
2023-11-15₹ 67.60₹ 66,597
2023-11-14₹ 65.70₹ 64,704
2023-11-13₹ 64.18₹ 64,182
2023-11-12₹ 64.48₹ 64,484
2023-11-11₹ 64.48₹ 64,484
2023-11-10₹ 66.70₹ 65,696
2023-11-09₹ 65.49₹ 65,487
2023-11-08₹ 65.34₹ 65,340
2023-11-07₹ 66.36₹ 66,363
2023-11-06₹ 67.01₹ 67,006
2023-11-05₹ 67.12₹ 67,118
2023-11-04₹ 67.12₹ 67,118
2023-11-03₹ 66.56₹ 65,560
2023-11-02₹ 66.49₹ 66,487
2023-11-01₹ 66.76₹ 65,764
2023-10-31₹ 67.31₹ 67,310
2023-10-30₹ 67.89₹ 66,895
2023-10-29₹ 67.04₹ 67,041
2023-10-28₹ 67.04₹ 67,041
2023-10-27₹ 66.04₹ 66,043
2023-10-26₹ 66.31₹ 66,313
2023-10-25₹ 66.32₹ 66,318
2023-10-24₹ 67.65₹ 66,655
2023-10-23₹ 67.92₹ 66,923
2023-10-22₹ 68.63₹ 67,633
2023-10-21₹ 68.63₹ 67,633
2023-10-20₹ 67.75₹ 66,750
2023-10-19₹ 66.10₹ 66,100
2023-10-18₹ 66.47₹ 66,474
2023-10-17₹ 65.99₹ 64,989
2023-10-16₹ 65.46₹ 65,462
2023-10-15₹ 66.77₹ 65,766
2023-10-14₹ 66.77₹ 65,766
2023-10-13₹ 63.35₹ 63,350
2023-10-12₹ 64.98₹ 63,981
2023-10-11₹ 63.25₹ 63,248
2023-10-10₹ 63.26₹ 63,263
2023-10-08₹ 63.54₹ 62,543
2023-10-07₹ 63.54₹ 62,543
2023-10-06₹ 61.82₹ 60,818
2023-10-05₹ 61.31₹ 61,314
2023-10-04₹ 61.84₹ 60,838
2023-10-03₹ 60.33₹ 60,327
2023-10-02₹ 63.48₹ 63,482
2023-10-01₹ 64.09₹ 64,091
2023-09-30₹ 64.20₹ 64,201
2023-09-29₹ 66.58₹ 65,579
2023-09-28₹ 65.17₹ 65,168
2023-09-27₹ 66.14₹ 66,139
2023-09-26₹ 67.72₹ 66,719
2023-09-25₹ 68.98₹ 67,977
2023-09-24₹ 68.04₹ 68,042
2023-09-23₹ 68.04₹ 68,042
2023-09-22₹ 68.61₹ 67,610
2023-09-21₹ 67.84₹ 66,838
2023-09-20₹ 67.95₹ 66,950
2023-09-19₹ 67.25₹ 67,254
2023-09-18₹ 67.83₹ 66,828
2023-09-17₹ 67.50₹ 66,503
2023-09-16₹ 67.50₹ 66,503
2023-09-15₹ 66.12₹ 66,121
2023-09-14₹ 66.11₹ 66,109
2023-09-13₹ 66.23₹ 66,229
2023-09-12₹ 67.56₹ 66,556
2023-09-11₹ 66.41₹ 66,410
2023-09-10₹ 66.27₹ 66,274
2023-09-09₹ 66.27₹ 66,274
2023-09-08₹ 67.77₹ 66,774
2023-09-07₹ 67.96₹ 66,962
2023-09-06₹ 68.87₹ 67,865
2023-09-05₹ 69.69₹ 68,685
2023-09-04₹ 70.53₹ 69,527
2023-09-03₹ 70.54₹ 69,537
2023-09-02₹ 70.54₹ 69,537
2023-09-01₹ 70.47₹ 70,472
2023-08-31₹ 71.80₹ 70,799
2023-08-30₹ 71.85₹ 70,845
2023-08-29₹ 70.57₹ 69,573
IDFC MILLENIA MALE

Historical Price of Silver Rate In Chhattisgarh

Introduction

Silver and gold are precious metals that have found a place in our society since the earliest of times. Silver and gold have found a place in the Indian culture as an important gift source and play a key role in traditional ceremonies and rituals. Moreover, it is used not only for personal uses but also for medical and industrial uses as well.

Silver being a versatile metal is therefore huge in demand. The supply of silver is higher as compared to gold and hence, the prices of silver are also quite reasonable as compared to that of gold. These reasons coupled with many more make it a very attractive investment option along with being used for personal reasons.

Given below are the details related to the prices of silver in the state of Chhattisgarh.

How to invest in silver?

Silver is also a very good mode of investment and can be traded in the market. The most profitable form of silver as an investment is silver coins and silver bars and bullions. Investors can get maximum returns when silver is invested in the said form. It will ensure that there is no reduction in the value of silver due to any marking cost or due to any metal or stones imbibed in it.

The other form of investment in silver is trading in markets like the ETF or the Exchange Trade Funds but this market is not available in India. Customers can still trade on these markets by registering with the ETF that is available in the US market. Other platforms of trading in solver are the futures market and the commodity market.

Silver is traded in the MCX and NCDEX in lot sizes or contract sizes of 1 kg bars. These contracts are in the nature of spot contracts. Delivery of the contracts cannot be done on immediate basis.

Factors Affecting Silver Prices in Chhattisgarh

Silver prices are affected by a multitude of factors. These factors are either internal or external i.e. which have a direct impact on the silver rates or are not directly related to silver but do impact them.

Some of these factors are discussed below.

  • Internal Factors

Personal  Demand

The most crucial part to determine prices of any product is its demand. For silver too, its demand and supply function is the deciding factor in determining the prices of silver. Personal demand for silver has to be accounted in all its forms like coins, bars, household items and jewellery.

Industrial or Commercial Demand

Silver is a versatile metal and has multiple uses. For industrial or commercial purposes, silver demand is in the bulk quantities.

Supply of Silver in market

Supply of silver is part of the demand supply forces deciding its prices. If the demand for silver is more as compared to supply, then the prices of silver will increase, and if the supply for silver is greater than demand, the prices will decrease.

Ancillary Costs

Mining cost, imports costs and storage or warehousing costs are considered as the associated costs affecting the final pricing of this precious metal. Although ancillary, such costs are also directly proportional to the silver prices and dependent on the demand for silver. Such demand has to be considered in cumulative form namely, individual market demand as well as the industrial or commercial or medicinal demand for silver.

  • External factors

Gold Prices

Gold prices influence the prices for silver in the trading markets. If the gold prices are on the rise, silver prices usually follow the trend vice versa.

Inflation

Inflation of a country has quite an impact on the silver prices. It is in direct relation to the silver prices. This inflation of any country has to be tracked on a regular basis to get the current prices and the price trend of this metal.

Other External factors

Other external factors are factors that may not be directly related to the metal prices in any way but do impact the silver prices. Some of these factors are mentioned below.

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

The latest external factor to affect the silver prices is the current pandemic and the introduction of a vaccine for the same.

How to identify the purity of silver?

Purity levels of silver are one of the considerations in determining the prices of silver. Silver purity is shown in terms of percentage. If silver is mixed with any other alloy or metal it is not considered to be pure. The highest purity grade of silver is 99.9%. The different grades of purity of silver are mentioned below.

Grade 

Fineness

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

People Also Ask Silver Rate Chhattisgarh

1. What are the various markings to look for while purchasing silver?

Silver has many markings that assure the buyer and the seller about the purity of the metal and the genuineness of the purchase. Such markings are available through all the trusted sources. Given below are the details of such markings.
  • Jeweler’s or manufacturer’s mark
  • The purity or fineness of the commodity
  • The year of marking
  • BIS Mark (Bureau of Indian Standards) used to hallmarking silver since 2005
  • Assay centre’s identification mark

2. Which sources are considered to be trusted and authentic for purchase of silver?

Silver can be purchased or sold through many sources. But customers have to be vigilant that such sources are genuine and authentic so as to ensure that they get the best prices for the metal and the metal purchased is of the correct purity and grade that the customer pays for. Following are the trusted and genuine sources of purchasing or selling silver.
  • Authorized sellers
  • Banks
  • Certified jewelers
  • Certified E-Commerce Portals
  • Private dealers

3. Is form of silver an important consideration while purchasing the metal?

Yes. The form of silver is a very relevant consideration along with the purpose of purchase. If silver is being purchased for personal use, the form does not matter as much and can be either jewellery or coins or household items. If such purchase is for investment reasons, the best form of silver is coins, bars or bullions. It gives maximum returns upon resale without any unnecessary reduction in its value.

4. Are there any tests to check the purity of silver at the time of sale or purchase?

Yes. Customers can perform many tests to check the purity of silver. Some of the most common tests are the ice test, magnet test or the stink test.
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