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Today Silver Rates In Chhattisgarh

26 Jun 2022

silver rate today india

₹57.54

( Per Gram )

silver price today

₹57546

1 Kg

Silver Price TodaySilver Rate YesterdayChange(%)
1 gram57.5457.100.76%
10 gram57546570980.78%

Silver Rates In Chhattisgarh for Last 90 Days

26 Jun 2022

Date1 gramBar Silver 1KG
2022-06-26₹ 58.54₹ 57,546
2022-06-24₹ 57.10₹ 57,098
2022-06-23₹ 58.16₹ 58,160
2022-06-21₹ 59.54₹ 58,540
2022-06-20₹ 59.81₹ 58,819
2022-06-19₹ 59.77₹ 58,768
2022-06-17₹ 59.30₹ 59,298
2022-06-16₹ 59.84₹ 58,840
2022-06-14₹ 57.42₹ 57,419
2022-06-13₹ 59.00₹ 58,996
2022-06-12₹ 60.50₹ 59,502
2022-06-11₹ 60.50₹ 59,503
2022-06-10₹ 59.62₹ 58,620
2022-06-09₹ 60.76₹ 59,761
2022-06-08₹ 60.99₹ 59,988
2022-06-07₹ 60.72₹ 59,718
2022-06-06₹ 59.21₹ 59,212
2022-06-05₹ 59.24₹ 59,242
2022-06-04₹ 59.24₹ 59,243
2022-06-03₹ 60.41₹ 60,405
2022-06-02₹ 59.79₹ 58,784
2022-06-01₹ 58.33₹ 58,325
2022-05-31₹ 59.18₹ 59,183
2022-05-30₹ 60.56₹ 59,559
2022-05-29₹ 60.75₹ 59,743
2022-05-28₹ 60.75₹ 59,743
2022-05-27₹ 59.27₹ 59,275
2022-05-26₹ 59.24₹ 59,242
2022-05-25₹ 60.52₹ 59,520
2022-05-24₹ 59.59₹ 58,589
2022-05-23₹ 59.45₹ 59,447
2022-05-22₹ 59.85₹ 58,851
2022-05-21₹ 59.85₹ 58,851
2022-05-20₹ 59.99₹ 58,990
2022-05-19₹ 58.81₹ 57,814
2022-05-18₹ 58.29₹ 58,288
2022-05-17₹ 58.44₹ 58,440
2022-05-16₹ 57.14₹ 57,134
2022-05-15₹ 57.87₹ 56,875
2022-05-14₹ 57.87₹ 56,875
2022-05-13₹ 56.88₹ 55,882
2022-05-12₹ 58.10₹ 58,099
2022-05-11₹ 57.15₹ 57,145
2022-05-10₹ 59.70₹ 58,701
2022-05-09₹ 60.74₹ 59,733
2022-05-08₹ 60.82₹ 59,828
2022-05-07₹ 60.82₹ 59,828
2022-05-06₹ 60.81₹ 59,813
2022-05-05₹ 61.80₹ 60,803
2022-05-04₹ 60.09₹ 60,081
2022-05-03₹ 61.52₹ 60,518
2022-05-02₹ 60.35₹ 60,346
2022-05-01₹ 63.51₹ 62,515
2022-04-30₹ 63.51₹ 62,515
2022-04-29₹ 63.56₹ 62,563
2022-04-28₹ 62.49₹ 62,498
2022-04-27₹ 63.89₹ 62,893
2022-04-26₹ 63.05₹ 63,044
2022-04-25₹ 64.13₹ 64,134
2022-04-24₹ 64.23₹ 64,234
2022-04-23₹ 64.23₹ 64,233
2022-04-22₹ 64.44₹ 64,433
2022-04-21₹ 67.71₹ 66,704
2022-04-20₹ 67.80₹ 66,806
2022-04-19₹ 68.47₹ 68,470
2022-04-18₹ 69.58₹ 68,581
2022-04-17₹ 68.11₹ 68,117
2022-04-16₹ 68.11₹ 68,117
2022-04-15₹ 68.08₹ 68,084
2022-04-14₹ 68.94₹ 67,942
2022-04-13₹ 67.19₹ 67,190
2022-04-11₹ 65.45₹ 65,453
2022-04-10₹ 65.41₹ 65,410
2022-04-09₹ 65.41₹ 65,410
2022-04-08₹ 65.96₹ 64,960
2022-04-07₹ 64.37₹ 64,362
2022-04-06₹ 64.81₹ 63,819
2022-04-05₹ 64.35₹ 64,351
2022-04-04₹ 65.13₹ 65,129
2022-04-03₹ 65.02₹ 65,020
2022-04-02₹ 65.02₹ 65,019
2022-04-01₹ 65.46₹ 65,462
2022-03-31₹ 65.40₹ 65,395
2022-03-30₹ 65.09₹ 65,090
2022-03-29₹ 66.94₹ 65,935
2022-03-28₹ 68.56₹ 67,557
2022-03-27₹ 68.68₹ 67,678
2022-03-26₹ 68.68₹ 67,679
2022-03-25₹ 68.71₹ 67,703
2022-03-24₹ 67.01₹ 67,010

Historical Price of Silver Rate In Chhattisgarh

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

Silver Rates1 gram1 Kg
June 1st Rate58.5457,546
June 26th Rate58.3358,325
Highest June Rate60.4160,405
Lowest June Rate57.157,098

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

Silver Rates1 gram1 Kg
May 1st Rate59.1859,183
May 31th Rate63.5162,515
Highest May Rate63.5162,515
Lowest May Rate56.8855,882

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

Silver Rates1 gram1 Kg
April 1st Rate63.5162,515
April 30th Rate65.4665,462
Highest April Rate69.5868,581
Lowest April Rate62.4962,498

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

Silver Rates1 gram1 Kg
March 1st Rate65.4065,395
March 31th Rate64.0664,058
Highest March Rate70.4170,416
Lowest March Rate64.0664,058

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

Silver Rates1 gram1 Kg
February 1st Rate64.8263,827
February 28th Rate58.2758,272
Highest February Rate64.9663,957
Lowest February Rate58.2358,233

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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