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Today Silver Rates In Chhattisgarh

24 Jul 2021

gold rate

₹65.21

( Per Gram )

gold rate

₹65209

1 Kg

TodayYesterdayChange(%)
1 gram65.2165.76-0.84%
10 gram6520965760-0.84%

Silver Rates In Chhattisgarh for Last 90 Days

24 Jul 2021

Date1 gramBar Silver 1KG
2021-07-2465.2165,209
2021-07-2366.7665,760
2021-07-2265.4365,434
2021-07-2165.6064,598
2021-07-2065.3165,311
2021-07-1967.6166,611
2021-07-1867.6266,616
2021-07-1767.6466,635
2021-07-1668.2568,251
2021-07-1568.8867,884
2021-07-1467.4367,435
2021-07-1368.9667,957
2021-07-1268.6067,601
2021-07-1168.6067,601
2021-07-1068.8067,801
2021-07-0967.4167,404
2021-07-0868.0668,059
2021-07-0768.0768,063
2021-07-0668.3868,379
2021-07-0569.5268,527
2021-07-0469.5268,527
2021-07-0369.5668,560
2021-07-0268.5167,515
2021-07-0167.4867,479
2021-06-3067.6366,632
2021-06-2967.4367,438
2021-06-2867.3967,381
2021-06-2767.3567,348
2021-06-2667.1767,177
2021-06-2567.0367,031
2021-06-2467.8966,889
2021-06-2367.7366,723
2021-06-2267.0467,037
2021-06-1967.7266,715
2021-06-1867.0667,060
2021-06-1770.1370,134
2021-06-1671.5570,546
2021-06-1571.9170,914
2021-06-1471.1071,102
2021-06-1371.1071,102
2021-06-1271.2071,200
2021-06-1071.6570,649
2021-06-0970.1770,173
2021-06-0871.7170,701
2021-06-0770.4770,476
2021-06-0670.4770,476
2021-06-0570.3770,364
2021-06-0470.7369,729
2021-06-0371.4171,412
2021-06-0271.7870,783
2021-06-0171.7070,698
2021-05-3170.2970,285
2021-05-3070.2970,285
2021-05-2970.0870,086
2021-05-2870.4170,415
2021-05-2770.9869,979
2021-05-2671.8270,822
2021-05-2570.3270,322
2021-05-2470.8769,873
2021-05-2370.8769,873
2021-05-2270.9169,909
2021-05-2170.4570,450
2021-05-2070.0470,032
2021-05-1972.6971,688
2021-05-1872.7671,769
2021-05-1770.8769,870
2021-05-1670.8769,870
2021-05-1570.7569,750
2021-05-1469.1869,184
2021-05-1369.4569,451
2021-05-1270.3770,364
2021-05-1170.7769,769
2021-05-1070.9669,957
2021-05-0970.9669,957
2021-05-0870.9369,925
2021-05-0770.9369,928
2021-05-0668.9367,933
2021-05-0568.8767,875
2021-05-0469.0068,996
2021-05-0367.7666,757
2021-05-0267.7666,757
2021-05-0167.7666,757
2021-04-3067.3367,332
2021-04-2968.9167,908
2021-04-2868.2168,207
2021-04-2768.0468,035
2021-04-2668.6967,684
2021-04-2568.6967,684
2021-04-2468.7567,740
2021-04-2368.2968,293

Historical Price of Silver Rate In Chhattisgarh

Trend of Silver Rate in Chhattisgarh for February 2021 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
February 1st Rate68.2768,269
February 28th Rate63.0363,025
Highest February Rate73.4573,450
Lowest February Rate63.0363,025

Trend of Silver Rate in Chhattisgarh for March 2021 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
March 1st Rate61.3861,382
March 31th Rate68.2768,269
Highest March Rate68.3168,307
Lowest March Rate61.3861,382

Trend of Silver Rate in Chhattisgarh for April 2021 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
April 1st Rate67.3367,332
April 30th Rate62.0862,077
Highest April Rate69.4769,473
Lowest April Rate62.0862,077

Trend of Silver Rate in Chhattisgarh for May 2021 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
May 1st Rate70.2970,285
May 31th Rate67.7666,757
Highest May Rate72.7671,769
Lowest May Rate67.7666,757

Trend of Silver Rate in Chhattisgarh for June 2021 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
June 1st Rate67.6366,632
June 30th Rate71.7070,698
Highest June Rate71.4171,412
Lowest June Rate67.6366,632

Trend of Silver Rate in Chhattisgarh for July 2021 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
July 1st Rate65.2165,209
July 24th Rate67.4867,479
Highest July Rate69.5668,560
Lowest July Rate65.664,598

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

FAQs – Silver Rates in 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.

5. What was the highest price of silver in the month of November 2020?

The highest price of silver till date in the month of November 2020 is Rs. 71,000.00 per kg of silver.

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