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Today Silver Rates In Daman and diu

25 May 2022

silver rate today india

₹61.38

( Per Gram )

silver price today

₹61378

1 Kg

Silver Price TodaySilver Rate YesterdayChange(%)
1 gram61.3860.421.56%
10 gram61378604171.57%

Silver Rates In Daman and diu for Last 90 Days

25 May 2022

Date1 gramBar Silver 1KG
2022-05-25₹ 61.38₹ 61,378
2022-05-24₹ 60.42₹ 60,417
2022-05-23₹ 61.30₹ 61,302
2022-05-22₹ 61.69₹ 60,688
2022-05-21₹ 61.69₹ 60,688
2022-05-20₹ 61.83₹ 60,832
2022-05-19₹ 60.62₹ 59,619
2022-05-18₹ 60.97₹ 59,968
2022-05-17₹ 60.26₹ 60,264
2022-05-16₹ 59.92₹ 58,918
2022-05-15₹ 59.65₹ 58,651
2022-05-14₹ 59.65₹ 58,651
2022-05-13₹ 58.63₹ 57,627
2022-05-12₹ 60.91₹ 59,913
2022-05-11₹ 59.93₹ 58,929
2022-05-10₹ 60.46₹ 60,460
2022-05-09₹ 61.47₹ 61,473
2022-05-08₹ 62.69₹ 61,696
2022-05-07₹ 62.69₹ 61,696
2022-05-06₹ 62.68₹ 61,680
2022-05-05₹ 63.70₹ 62,701
2022-05-04₹ 62.96₹ 61,957
2022-05-03₹ 62.41₹ 62,407
2022-05-02₹ 62.23₹ 62,230
2022-05-01₹ 64.46₹ 64,466
2022-04-30₹ 64.46₹ 64,466
2022-04-29₹ 65.51₹ 64,515
2022-04-28₹ 64.44₹ 64,448
2022-04-27₹ 65.85₹ 64,856
2022-04-26₹ 65.01₹ 65,012
2022-04-25₹ 66.14₹ 66,136
2022-04-24₹ 66.24₹ 66,239
2022-04-23₹ 66.24₹ 66,238
2022-04-22₹ 66.45₹ 66,444
2022-04-21₹ 69.79₹ 68,786
2022-04-20₹ 69.72₹ 68,715
2022-04-19₹ 71.61₹ 70,608
2022-04-18₹ 71.72₹ 70,722
2022-04-17₹ 70.24₹ 70,243
2022-04-16₹ 70.24₹ 70,243
2022-04-15₹ 70.21₹ 70,209
2022-04-14₹ 70.06₹ 70,063
2022-04-13₹ 69.29₹ 69,287
2022-04-11₹ 68.50₹ 67,496
2022-04-10₹ 67.45₹ 67,451
2022-04-09₹ 67.45₹ 67,451
2022-04-08₹ 67.99₹ 66,988
2022-04-07₹ 66.38₹ 66,371
2022-04-06₹ 66.81₹ 65,811
2022-04-05₹ 66.36₹ 66,359
2022-04-04₹ 67.17₹ 67,162
2022-04-03₹ 67.05₹ 67,050
2022-04-02₹ 67.05₹ 67,049
2022-04-01₹ 68.51₹ 67,505
2022-03-31₹ 67.44₹ 67,436
2022-03-30₹ 67.12₹ 67,122
2022-03-29₹ 68.64₹ 67,639
2022-03-28₹ 70.67₹ 69,666
2022-03-27₹ 70.79₹ 69,791
2022-03-26₹ 70.79₹ 69,792
2022-03-25₹ 70.82₹ 69,817
2022-03-24₹ 69.10₹ 69,102
2022-03-23₹ 67.44₹ 67,436
2022-03-22₹ 69.04₹ 69,042
2022-03-21₹ 68.16₹ 68,161
2022-03-20₹ 68.88₹ 67,878
2022-03-19₹ 68.88₹ 67,878
2022-03-18₹ 69.18₹ 69,182
2022-03-17₹ 69.54₹ 68,543
2022-03-16₹ 68.32₹ 68,317
2022-03-15₹ 69.69₹ 68,691
2022-03-14₹ 71.60₹ 70,605
2022-03-13₹ 71.06₹ 71,063
2022-03-12₹ 71.06₹ 71,063
2022-03-11₹ 71.95₹ 70,949
2022-03-10₹ 70.80₹ 69,805
2022-03-09₹ 73.61₹ 72,614
2022-03-07₹ 71.38₹ 71,381
2022-03-06₹ 70.43₹ 70,426
2022-03-05₹ 70.43₹ 70,426
2022-03-04₹ 69.56₹ 68,554
2022-03-02₹ 69.96₹ 68,956
2022-03-01₹ 66.06₹ 66,058
2022-02-28₹ 66.82₹ 65,820
2022-02-27₹ 65.29₹ 65,282
2022-02-26₹ 65.32₹ 65,312
2022-02-25₹ 66.96₹ 65,954
2022-02-24₹ 66.72₹ 65,717
2022-02-23₹ 65.73₹ 64,739
2022-02-22₹ 64.26₹ 64,265

Historical Price of Silver Rate In Daman and diu

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

Silver Rates1 gram1 Kg
May 1st Rate61.3861,378
May 25th Rate64.4664,466
Highest May Rate64.4664,466
Lowest May Rate58.6357,627

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

Silver Rates1 gram1 Kg
April 1st Rate64.4664,466
April 30th Rate68.5167,505
Highest April Rate71.7270,722
Lowest April Rate64.4464,448

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

Silver Rates1 gram1 Kg
March 1st Rate67.4467,436
March 31th Rate66.0666,058
Highest March Rate73.6172,614
Lowest March Rate66.0666,058

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

Silver Rates1 gram1 Kg
February 1st Rate66.8265,820
February 28th Rate60.0960,091
Highest February Rate66.9665,954
Lowest February Rate60.0260,019

Trend of Silver Rate in Daman and diu for January 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
January 1st Rate60.1560,151
January 31th Rate62.1962,193
Highest January Rate65.0365,032
Lowest January Rate59.2559,249

Introduction

Silver is traditionally one of the most precious metals that historically has a huge demand in our country. This metal along with gold has been part of our culture and heritage not just as precious metal but also as an auspicious one. Silver is also used as offerings to the deity as well as a great source of gift on various occasions like weddings or any other important ceremonies. Recently, silver has grown in popularity as the most sought-after choice for corporate gifts.

Silver is also a great mode of investment and is heavily traded in the commodities market and the prices of silver thus change or fluctuate on a daily basis. The details of the rate of silver in the Union Territory of Daman and Diu are mentioned below.

Prices of Silver in Daman and Diu

The current prices of silver in the Union Territory of Daman and Diu were on an increasing trend for many months on a stretch. However, with news regarding the success of a vaccine for the COVID-19 pandemic, these rates have reduced drastically.

How find authorized silver merchants in Daman and Diu?

Silver has to be pure and genuine to be of best quality and get the best rate at the time of resale. For this purpose, silver has to be bought or sold to authorized merchants who assure the customer about the genuineness of the transaction. Following are some of the authorized sellers and buyers of silver that can be approached by the customers.

  • Authorized sellers
  • Private dealers
  • Certified jewelers
  • Banks
  • Certified E-Commerce Portals

Forms of Silver

The silver form is one of the important factors to be considered in purchasing or investing in silver. If silver is to be purchased for investment or personal uses, different forms of such silver is preferred depending on the purpose.

For Personal Use

When silver is intended to be purchased for personal uses or consumption, the form of silver is largely irrelevant. Customers can choose from any of the available forms as per their preference. These forms of silver are,

  • Silver coins
  • Silver bars 
  • Silver bullions
  • Silver jewellery
  • Silver household items

For investment purposes

When Silver is to be purchased for investment purposes, the best form of silver is either silver coins or silver bars or bullions. These forms of silver will ensure that the customers will get maximum return on their investment. Silver in such form is most pure and without any adulteration. There will be no unnecessary reduction in the value of the metal due to the presence of any other metal or precious stones like in case of silver jewellery.

Investment in Silver

Silver as an investment is highly favoured. It does not have as high prices as that of gold and thus can be bought in bulk. The only additional cost in such cases is the storage or the warehousing cost which is again not as exorbitant.

Silver can be bought in the forms mentioned above for investment in case of retail customers. For customers who prefer to trade in silver, the best option for them is to trade in the ETF or the Exchange Trade Funds or future or commodity markets. There is no ETF in our country so customers have to trade on an ETF in the US market after proper registration and approval.

Futures and commodity markets like MCX and NCDEX allow customers to trade in silver in lot sizes of 1 kg each. Such trades are not in the nature of spot contracts and hence are not deliverable immediately.

Understanding the Purity of Silver

Purity of silver is of great importance to get maximum returns on investment in silver. If silver is of higher grade and purity, the value of such silver is higher and the customer gets assured return on investment made. Silver is graded on the basis of percentage. The various grades of silver are tabled below.

GradeFineness

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

Authorized buyers and sellers of silver assure the customers of the desired purity of the silver to be bought or sold. These trusted sources of silver certify the metal through certain markers. Customers have to ensure that the metal has all the necessary authentication markings for it to be genuine and of assured purity.

Following are the various markings that can be found on the metal to determine its authenticity.

  • BIS (Bureau of Indian Standards) Mark
  • Year of Marking
  • Assay Centre’s identification mark
  • Jeweler’s / Manufacturer’s Identification Symbol
  • Purity Grade Indicator

While purchasing or selling silver, customers can perform certain basic tests to ascertain the purity of the metal.

Following are the basic tests that can be easily performed and are also easy to understand. Customers can get immediate results to determine the authenticity of the metal.

  • Magnet test is when the customer will run a magnet on the metal. If the metal attracts the magnet, it is not pure and has certain other metal(s) or alloy in combination with silver.
  • Stink test is another test to be done on silver. If silver has some odor then it is not pure.
  • Ice test requires placing an ice cube on the metal to be tested. If the ice cube melts at a faster pace, then such silver is pure.

People Also Ask Silver Rate Daman and diu

1. What are the various ways in which a person can maximize their profit on investment in silver?

There are many ways to maximize the profit on investment in silver by considering the following factors in purchase and sale of silver.
  • To track the daily price of silver to assure maximum returns on investment.
  • Determine the best form of silver to be purchased in (preferably silver coins, bars or bullions) which ensures maximum returns on investment without any reduction in value of silver due to any other precious stones or marking and melting costs.
  • Ensuring proper certification to assure the genuineness of transaction and purity of the metal
  • Buying and selling silver through authorized dealers, sellers, jewelers and banks or certified e-commerce portals.

2. What are the ancillary costs involved in factoring silver prices?

Ancillary costs are associated costs that affect the prices of silver directly. These costs are mining costs, import costs or storage or warehousing costs.

3. What are the factors that affect silver prices in Daman and Diu?

Factors affecting silver prices in the union territory of Daman and Diu are mentioned below.
  • Ancillary costs
  • Demand and supply dynamics
  • Inflation
  • Gold rates
  • Dollar fluctuations
  • Fluctuations in Crude Oil prices
  • Geo-political scenarios
  • Import and Export policies
  • Government policies

4. Can a person buy silver online?

Yes. There are many certified e-commerce portals selling pure and certified silver.

5. Why is silver preferred as an investment as compared to gold?

Silver is priced much lower as compared to gold and is hence preferred as an investment as compared to gold.
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