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Today Silver Rates In Delhi

25 Jul 2021

gold rate

₹69.28

( Per Gram )

gold rate

₹69280

1 Kg

TodayYesterdayChange(%)
1 gram69.2869.33-0.07%
10 gram6928069327-0.07%

Silver Rates In Delhi for Last 90 Days

25 Jul 2021

Date1 gramBar Silver 1KG
2021-07-2569.2869,280
2021-07-2469.3369,327
2021-07-2370.9169,913
2021-07-2270.5769,566
2021-07-2169.6868,677
2021-07-2069.4369,435
2021-07-1971.8270,818
2021-07-1871.8370,823
2021-07-1771.8570,843
2021-07-1673.5672,561
2021-07-1572.1772,171
2021-07-1472.6971,694
2021-07-1372.2572,248
2021-07-1272.8771,870
2021-07-1172.8771,870
2021-07-1072.0972,083
2021-07-0972.6671,661
2021-07-0872.3572,356
2021-07-0772.2472,238
2021-07-0673.6972,697
2021-07-0573.8572,854
2021-07-0473.8572,854
2021-07-0373.8972,889
2021-07-0272.7871,779
2021-07-0172.7471,740
2021-06-3071.8470,840
2021-06-2972.6971,697
2021-06-2872.6471,637
2021-06-2772.6071,601
2021-06-2671.3271,320
2021-06-2571.2671,264
2021-06-2471.1271,113
2021-06-2371.9470,936
2021-06-2271.2771,270
2021-06-1971.9370,928
2021-06-1871.2971,295
2021-06-1775.5674,563
2021-06-1675.0175,001
2021-06-1575.3975,392
2021-06-1476.5975,592
2021-06-1376.5975,592
2021-06-1276.7075,696
2021-06-1175.4275,417
2021-06-1075.1175,111
2021-06-0975.6074,604
2021-06-0875.1775,166
2021-06-0775.9274,926
2021-06-0675.9274,926
2021-06-0575.8174,808
2021-06-0474.1374,133
2021-06-0376.9275,922
2021-06-0275.2575,253
2021-06-0175.1675,163
2021-05-3175.7374,724
2021-05-3075.7374,724
2021-05-2975.5174,512
2021-05-2875.8674,861
2021-05-2774.4074,398
2021-05-2675.2975,294
2021-05-2575.7674,763
2021-05-2474.2874,285
2021-05-2374.2874,285
2021-05-2274.3274,324
2021-05-2175.9074,899
2021-05-2074.4674,455
2021-05-1976.2176,216
2021-05-1876.3076,301
2021-05-1774.2874,282
2021-05-1674.2874,282
2021-05-1574.1674,155
2021-05-1474.5573,553
2021-05-1374.8473,837
2021-05-1275.8174,808
2021-05-1174.1874,175
2021-05-1074.3874,375
2021-05-0974.3874,375
2021-05-0874.3574,341
2021-05-0774.3574,344
2021-05-0672.2272,224
2021-05-0572.1672,161
2021-05-0473.3573,354
2021-05-0371.9770,972
2021-05-0271.9770,972
2021-05-0171.9770,972
2021-04-3072.5871,584
2021-04-2972.2072,196
2021-04-2873.6372,631
2021-04-2772.3372,331
2021-04-2672.9671,958
2021-04-2572.9671,958

Historical Price of Silver Rate In Delhi

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

Silver Rates1 gram1 Kg
February 1st Rate73.5872,581
February 28th Rate67.0167,005
Highest February Rate78.0978,088
Lowest February Rate67.0167,005

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

Silver Rates1 gram1 Kg
March 1st Rate65.8664,861
March 31th Rate73.5872,581
Highest March Rate73.6272,621
Lowest March Rate65.8664,861

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

Silver Rates1 gram1 Kg
April 1st Rate72.5871,584
April 30th Rate66.0065,997
Highest April Rate74.8673,860
Lowest April Rate6665,997

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

Silver Rates1 gram1 Kg
May 1st Rate75.7374,724
May 31th Rate71.9770,972
Highest May Rate76.376,301
Lowest May Rate71.9770,972

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

Silver Rates1 gram1 Kg
June 1st Rate71.8470,840
June 30th Rate75.1675,163
Highest June Rate76.9275,922
Lowest June Rate71.8470,840

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

Silver Rates1 gram1 Kg
July 1st Rate69.2869,280
July 25th Rate72.7471,740
Highest July Rate73.8972,889
Lowest July Rate69.6868,677

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.

FAQs

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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