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Today Silver Rates In Chhattisgarh

29 May 2023

silver rate today india

₹66.84

( Per Gram )

silver price today

₹66837

1 Kg

Silver Price TodaySilver Rate YesterdayChange(%)
1 gram66.8466.91-0.10%
10 gram6683766912-0.11%

Silver Rates In Chhattisgarh for Last 90 Days

29 May 2023

Date1 gramBar Silver 1KG
2023-05-29₹ 67.84₹ 66,837
2023-05-28₹ 67.91₹ 66,912
2023-05-27₹ 67.91₹ 66,912
2023-05-26₹ 66.76₹ 65,763
2023-05-25₹ 66.03₹ 66,029
2023-05-24₹ 67.44₹ 67,441
2023-05-23₹ 68.81₹ 67,812
2023-05-22₹ 68.45₹ 68,451
2023-05-21₹ 69.71₹ 68,712
2023-05-20₹ 69.66₹ 68,656
2023-05-19₹ 67.40₹ 67,397
2023-05-18₹ 68.99₹ 67,992
2023-05-17₹ 68.04₹ 68,042
2023-05-16₹ 69.89₹ 68,894
2023-05-15₹ 69.79₹ 68,795
2023-05-14₹ 68.49₹ 68,490
2023-05-13₹ 69.54₹ 68,536
2023-05-12₹ 69.52₹ 68,521
2023-05-11₹ 72.29₹ 72,288
2023-05-10₹ 73.02₹ 73,025
2023-05-09₹ 73.73₹ 72,729
2023-05-08₹ 73.87₹ 72,874
2023-05-07₹ 73.95₹ 72,948
2023-05-06₹ 73.95₹ 72,948
2023-05-05₹ 74.19₹ 74,187
2023-05-04₹ 73.43₹ 73,431
2023-05-03₹ 72.95₹ 71,948
2023-05-02₹ 71.82₹ 70,818
2023-05-01₹ 71.01₹ 71,009
2023-04-30₹ 71.20₹ 71,195
2023-04-29₹ 71.20₹ 71,195
2023-04-28₹ 71.86₹ 70,863
2023-04-27₹ 71.88₹ 70,879
2023-04-26₹ 71.42₹ 71,418
2023-04-25₹ 72.92₹ 71,919
2023-04-24₹ 71.32₹ 71,322
2023-04-23₹ 72.53₹ 71,529
2023-04-22₹ 72.53₹ 71,529
2023-04-21₹ 72.11₹ 72,113
2023-04-20₹ 72.35₹ 72,355
2023-04-19₹ 72.92₹ 71,921
2023-04-18₹ 71.27₹ 71,269
2023-04-17₹ 72.25₹ 72,249
2023-04-16₹ 72.25₹ 72,249
2023-04-15₹ 72.19₹ 72,191
2023-04-12₹ 68.31₹ 68,312
2023-04-11₹ 68.31₹ 68,312
2023-04-10₹ 68.31₹ 68,312
2023-04-09₹ 68.31₹ 68,312
2023-04-08₹ 68.31₹ 68,312
2023-04-07₹ 68.31₹ 68,312
2023-04-06₹ 68.31₹ 68,312
2023-04-05₹ 68.31₹ 68,312
2023-04-04₹ 65.67₹ 64,666
2023-04-03₹ 65.67₹ 64,666
2023-04-02₹ 65.67₹ 64,666
2023-04-01₹ 65.67₹ 64,666
2023-03-31₹ 65.67₹ 64,666
2023-03-30₹ 65.67₹ 64,666
2023-03-29₹ 65.67₹ 64,666
2023-03-28₹ 65.67₹ 64,666
2023-03-27₹ 65.67₹ 64,666
2023-03-26₹ 65.67₹ 64,666
2023-03-25₹ 65.67₹ 64,666
2023-03-24₹ 65.67₹ 64,666
2023-03-23₹ 65.67₹ 64,666
2023-03-22₹ 65.67₹ 64,666
2023-03-21₹ 62.19₹ 62,192
2023-03-20₹ 62.19₹ 62,192
2023-03-19₹ 62.19₹ 62,192
2023-03-18₹ 62.19₹ 62,192
2023-03-17₹ 62.19₹ 62,192
2023-03-16₹ 62.19₹ 62,192
2023-03-15₹ 62.19₹ 62,192
2023-03-14₹ 62.47₹ 62,471
2023-03-13₹ 59.86₹ 58,863
2023-03-12₹ 59.53₹ 58,528
2023-03-11₹ 58.43₹ 58,431
2023-03-10₹ 57.34₹ 57,345
2023-03-09₹ 57.08₹ 57,082
2023-03-08₹ 57.23₹ 57,230
2023-03-07₹ 60.81₹ 59,808
2023-03-06₹ 60.44₹ 60,440
2023-03-05₹ 60.44₹ 60,440
2023-03-04₹ 59.40₹ 59,398
2023-03-03₹ 60.64₹ 59,638
2023-03-02₹ 60.17₹ 60,172
2023-03-01₹ 60.00₹ 60,001
2023-02-28₹ 59.49₹ 59,490
2023-02-27₹ 60.85₹ 59,852
IDFC MILLENIA MALE

Historical Price of Silver Rate In Chhattisgarh

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

Silver Rates1 gram1 Kg
May 1st Rate67.8466,837
May 29th Rate71.0171,009
Highest May Rate74.1974,187
Lowest May Rate66.7665,763

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

Silver Rates1 gram1 Kg
April 1st Rate71.2071,195
April 30th Rate65.6764,666
Highest April Rate72.3572,355
Lowest April Rate65.6764,666

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

Silver Rates1 gram1 Kg
March 1st Rate65.6764,666
March 31th Rate60.0060,001
Highest March Rate65.6764,666
Lowest March Rate57.0857,082

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

Silver Rates1 gram1 Kg
February 1st Rate59.4959,490
February 28th Rate67.3267,322
Highest February Rate68.7967,793
Lowest February Rate59.4959,490

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

Silver Rates1 gram1 Kg
January 1st Rate67.9666,962
January 31th Rate69.9468,939
Highest January Rate69.9668,957
Lowest January Rate65.0365,035

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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