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Today Silver Rates In Delhi

26 Jun 2022

silver rate today india

₹61.18

( Per Gram )

silver price today

₹61180

1 Kg

Silver Price TodaySilver Rate YesterdayChange(%)
1 gram61.1860.541.05%
10 gram61180605361.05%

Silver Rates In Delhi for Last 90 Days

26 Jun 2022

Date1 gramBar Silver 1KG
2022-06-26₹ 61.18₹ 61,180
2022-06-24₹ 61.54₹ 60,536
2022-06-23₹ 62.86₹ 61,859
2022-06-21₹ 62.24₹ 62,237
2022-06-20₹ 62.46₹ 62,455
2022-06-19₹ 62.48₹ 62,479
2022-06-17₹ 63.04₹ 63,043
2022-06-16₹ 62.39₹ 62,390
2022-06-14₹ 61.04₹ 61,045
2022-06-13₹ 63.72₹ 62,722
2022-06-12₹ 63.26₹ 63,260
2022-06-11₹ 63.26₹ 63,261
2022-06-10₹ 62.31₹ 62,317
2022-06-09₹ 64.53₹ 63,535
2022-06-08₹ 64.87₹ 63,867
2022-06-07₹ 63.49₹ 63,489
2022-06-06₹ 63.95₹ 62,951
2022-06-05₹ 63.98₹ 62,983
2022-06-04₹ 63.98₹ 62,984
2022-06-03₹ 64.22₹ 64,219
2022-06-02₹ 63.50₹ 62,496
2022-06-01₹ 62.01₹ 62,008
2022-05-31₹ 63.92₹ 62,920
2022-05-30₹ 63.32₹ 63,321
2022-05-29₹ 64.52₹ 63,515
2022-05-28₹ 64.52₹ 63,515
2022-05-27₹ 63.01₹ 63,019
2022-05-26₹ 63.98₹ 62,983
2022-05-25₹ 63.28₹ 63,280
2022-05-24₹ 62.29₹ 62,289
2022-05-23₹ 63.20₹ 63,201
2022-05-22₹ 63.57₹ 62,567
2022-05-21₹ 63.57₹ 62,567
2022-05-20₹ 63.69₹ 62,691
2022-05-19₹ 61.47₹ 61,465
2022-05-18₹ 62.83₹ 61,825
2022-05-17₹ 62.13₹ 62,130
2022-05-16₹ 61.74₹ 60,743
2022-05-15₹ 60.46₹ 60,467
2022-05-14₹ 60.46₹ 60,467
2022-05-13₹ 59.41₹ 59,411
2022-05-12₹ 62.70₹ 61,708
2022-05-11₹ 61.75₹ 60,754
2022-05-10₹ 62.41₹ 62,408
2022-05-09₹ 64.51₹ 63,505
2022-05-08₹ 64.60₹ 63,607
2022-05-07₹ 64.60₹ 63,607
2022-05-06₹ 64.74₹ 63,734
2022-05-05₹ 65.64₹ 64,642
2022-05-04₹ 64.88₹ 63,876
2022-05-03₹ 64.35₹ 64,340
2022-05-02₹ 64.16₹ 64,158
2022-05-01₹ 66.46₹ 66,463
2022-04-30₹ 66.46₹ 66,463
2022-04-29₹ 67.54₹ 66,546
2022-04-28₹ 66.44₹ 66,444
2022-04-27₹ 67.85₹ 66,854
2022-04-26₹ 67.06₹ 67,062
2022-04-25₹ 68.18₹ 68,184
2022-04-24₹ 68.29₹ 68,291
2022-04-23₹ 68.29₹ 68,290
2022-04-22₹ 69.66₹ 68,656
2022-04-21₹ 71.92₹ 70,916
2022-04-20₹ 71.02₹ 71,025
2022-04-19₹ 73.93₹ 72,930
2022-04-18₹ 73.91₹ 72,912
2022-04-17₹ 72.42₹ 72,419
2022-04-16₹ 72.42₹ 72,419
2022-04-15₹ 72.38₹ 72,383
2022-04-14₹ 72.23₹ 72,232
2022-04-13₹ 71.44₹ 71,433
2022-04-11₹ 70.59₹ 69,587
2022-04-10₹ 70.54₹ 69,541
2022-04-09₹ 70.54₹ 69,541
2022-04-08₹ 69.06₹ 69,062
2022-04-07₹ 68.43₹ 68,427
2022-04-06₹ 68.84₹ 67,848
2022-04-05₹ 68.42₹ 68,425
2022-04-04₹ 69.25₹ 69,242
2022-04-03₹ 69.12₹ 69,127
2022-04-02₹ 69.12₹ 69,126
2022-04-01₹ 70.62₹ 69,618
2022-03-31₹ 70.53₹ 69,525
2022-03-30₹ 69.20₹ 69,201
2022-03-29₹ 70.73₹ 69,733
2022-03-28₹ 72.83₹ 71,823
2022-03-27₹ 72.95₹ 71,952
2022-03-26₹ 72.95₹ 71,953
2022-03-25₹ 72.98₹ 71,979
2022-03-24₹ 71.24₹ 71,242

Historical Price of Silver Rate In Delhi

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

Silver Rates1 gram1 Kg
June 1st Rate61.1861,180
June 26th Rate62.0162,008
Highest June Rate64.2264,219
Lowest June Rate61.5460,536

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

Silver Rates1 gram1 Kg
May 1st Rate63.9262,920
May 31th Rate66.4666,463
Highest May Rate66.4666,463
Lowest May Rate59.4159,411

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

Silver Rates1 gram1 Kg
April 1st Rate66.4666,463
April 30th Rate70.6269,618
Highest April Rate73.9372,930
Lowest April Rate66.4466,444

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

Silver Rates1 gram1 Kg
March 1st Rate70.5369,525
March 31th Rate68.1068,103
Highest March Rate75.8374,832
Lowest March Rate68.168,103

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

Silver Rates1 gram1 Kg
February 1st Rate68.8567,858
February 28th Rate62.9561,952
Highest February Rate6867,996
Lowest February Rate62.9161,911

Introduction

Silver has been an attractive investment option for Delhiites. The primary reason for the huge demand for silver in Delhi is the city’s huge population. A sizable portion of the nation’s silver demand comes from the city of Delhi. People love to invest in silver in every form, like utensils, coins, silverware, etc.

Delhi has long been the driver of silver price in India. Most middle- income families love investing in this metal despite the constant fluctuations in silver prices. In recent times, there has been an average increase of 6.49% in prices of silver as global demand and supply regularly fluctuates. However, the price of silver in Delhi has gone down despite the global price rise. The present silver rate in Delhi is largely attributed to a dip in overseas demand.

Silver is currently seeing a heavy demand specifically in the industrial sector. Thus, prices may well go up in the near future, considering the high demand that is expected to continue. Read on to find out more about this precious metal which is demanded across Delhi and the reasons behind the same.

Why is Silver Sought After in Delhi?

Delhi’s population is constantly on the rise, and despite the income disparity among different strata of society, silver has always remained in heavy demand. The price of silver in Delhi tends to influence the silver prices in the entire nation. The Delhi silver demand comes from almost all categories of households in the society, be it the middle class or the lower-income groups.

To delve back into the history of silver demand in Delhi, since the onset of inflation, more and more people started investing in silver mainly to set aside savings. The rate of silver started seeing a spike primarily because more people began investing in it over the years.

Most investors in Delhi prefer to buy silver in physical form. The metal is sold in Delhi in varied forms including silverware, coins, jewellery, etc. The metal also sees heavy trading on exchanges run by authorised bodies.

Investment in Silver – Is it a Good Idea?

If you are wondering whether investing in silver is a good idea, here are a few pointers that will help clarify your doubts:

  • Silver is easy to own and has a hassle-free selling process
  • Silver is cheap as compared to other precious metals like gold
  • Silver coins and silverware are attractive investments and can be passed on to future generations
  • Silver bars and coins can be easily bought and sold
  • Silver can be easily liquefied to get instant cash 
  • As compared to bank accounts or stocks, silver is a tangible asset which can even be used when bought in certain forms
  • Investors can choose the quantity of silver that they want to buy

Forms of Silver Investments

Physical Silver: Silver jewellery, silver ornaments and silverware are some of the forms of physical silver investments. Silver jewellery is very popular with Indian women since gold jewellery is unaffordable for many. Silver jewellery, including rings, necklaces, earrings, bracelets, are some of the preferred variants. Silverware is normally used for gifting purposes and can be styled as utensils. Silverware is also part of the traditional Hindu culture and is therefore preferred in many households. It is easy to purchase silver from jewellery stores, or even from authorised dealers in the city.

Silver Contracts: Silver contracts are offered by the Multi Commodity Exchange (MCX) and National Commodities and Derivatives Exchange (NCDEX). The contracts are for silver of different purities, like 999 and 995 purity. Silver contracts can be bought for various weights. Silver is generally priced and sold in units of 1 kg as base weight.

Silver Coins and Bars- Silver bars and coins are forms of silver investment which can be stored and used in future. For people who want to use a large amount of silver in the future, it makes sense to invest in silver bars today. Silver bars have higher purity standards and weight as compared to silver coins. They are also more cost-effective in comparison to silver coins. These can be easily stored because of their shape and size.

Silver coins also retain their characteristic value and gain value over time. Silver coins are very popular among people because of the high silver content in most forms of silver and also because their value increases over time.

Places to Buy Silver in Delhi

People who are looking to buy silver in Delhi can approach some of the certified jewellers offering hallmark jewellery. Some of the reputed and established jewellers in Delhi include Gandaram Jewellers, Ram Jewellers, PC Jewellers, Prince Jewellers, Rama Krishna Jewellers, Mehrasons, Jewellery Mart, Tanishq etc.

A lot of people also find it comfortable to buy silver from local jewellers, since they offer the precious metal at far lesser making charges as compared to the reputed brands.

Things to Consider Before Investing in Silver

Silver jewellery is preferred by a lot of investors due to its affordability, durability and wide variety of silver designs available in the market today. However, it is important to check the metal’s purity before purchasing it in any form. This reduces the chances of any kind of fraud and a higher resale value can be fetched for the metal in the future. Here are some of the points to note before investing in silver:

  • The best form of silver is sterling silver and is made up of .925 or 925. This indicates 92.5% purity of the silver. A lesser purity range will not have the same shine and lustre.
  • Always look for a purity stamp on the silver.
  • Exchanging old silver jewellery for new is also one of the options to stay within budget.
  • Make sure to check the return policy with the jeweller or silver store.
  • In case it is being bought online, ensure that the dealer is well-established. Ensure to check the day’s rates before making the purchase.

Silver Price Fluctuations in Delhi

Silver rates in Delhi have recently started moving in the same direction as the international market prices. Due to the recent international rally, there had been a sharp spike in silver rates in Delhi. However, the movement has slowed down in the past few days despite changes in global prices of silver.

It has been observed in the last 12 months that the metal has had a steady trend when it comes to prices. In the current market scenario, which is highly impacted by Covid-19 pandemic, many people are avoiding investment in physical silver. Instead, they are buying it from MCX, since silver contracts bought from the exchange are likely to have better returns in the short run. It is also ideal since it does not require any physical storage and there is no risk of theft attached.

People Also Ask Silver Rate Delhi

1. How is the silver rate calculated?

Daily silver price is calculated using various factors including crude oil prices, economic events, geopolitical scenario, dollar value, commodity prices, industrial demand, policy changes on import and export, etc.

2. Do the silver prices keep changing?

Yes, silver prices keep changing on a daily basis. The frequency and rate of change could differ based on various movements in economic factors and government policy changes.

3. How can I fetch the best silver prices in Delhi?

For getting the best silver rates in Delhi, you must compare the prices offered by different silver jewellers and sellers. This will help you gauge the best quality silver and find the best rates which you would like to buy at.

4. What are the factors to keep in mind while buying silver in Delhi?

Always ensure to check for the quality of silver apart from the prices while buying the precious metal. It is the quality which will fetch you higher resale value in the future.
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