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Today Silver Rates In Gujarat

25 Jul 2021

gold rate

₹68.24

( Per Gram )

gold rate

₹68245

1 Kg

TodayYesterdayChange(%)
1 gram68.2468.30-0.09%
10 gram6824568292-0.07%

Silver Rates In Gujarat for Last 90 Days

25 Jul 2021

Date1 gramBar Silver 1KG
2021-07-2568.2468,245
2021-07-2468.3068,292
2021-07-2369.8668,870
2021-07-2269.5368,528
2021-07-2168.6567,653
2021-07-2068.4068,399
2021-07-1970.7669,761
2021-07-1870.7769,766
2021-07-1770.7969,786
2021-07-1671.4871,478
2021-07-1571.0971,094
2021-07-1471.6270,624
2021-07-1371.1771,170
2021-07-1271.8070,797
2021-07-1171.8070,797
2021-07-1071.0171,007
2021-07-0971.5970,592
2021-07-0871.2771,277
2021-07-0771.2871,281
2021-07-0672.6171,612
2021-07-0572.7671,767
2021-07-0472.7671,767
2021-07-0372.8071,801
2021-07-0271.7070,708
2021-07-0171.6770,670
2021-06-3070.7869,782
2021-06-2971.6270,627
2021-06-2871.5770,567
2021-06-2771.5370,533
2021-06-2670.3570,354
2021-06-2570.2070,200
2021-06-2470.0570,052
2021-06-2370.8869,878
2021-06-2270.2170,206
2021-06-1970.8769,870
2021-06-1870.2370,231
2021-06-1773.4573,450
2021-06-1674.8973,881
2021-06-1574.2674,267
2021-06-1474.4774,464
2021-06-1374.4774,464
2021-06-1275.5774,567
2021-06-1174.2974,292
2021-06-1074.9973,990
2021-06-0973.4973,491
2021-06-0874.0574,044
2021-06-0774.8173,808
2021-06-0674.8173,808
2021-06-0574.6973,691
2021-06-0473.0273,026
2021-06-0375.7974,789
2021-06-0274.1374,130
2021-06-0174.0474,041
2021-05-3174.6173,609
2021-05-3074.6173,609
2021-05-2973.4073,400
2021-05-2874.7473,744
2021-05-2773.2973,288
2021-05-2674.1774,171
2021-05-2574.6473,648
2021-05-2473.1773,177
2021-05-2373.1773,177
2021-05-2273.2273,215
2021-05-2174.7873,781
2021-05-2073.3573,344
2021-05-1975.0875,078
2021-05-1875.1675,162
2021-05-1773.1773,174
2021-05-1673.1773,174
2021-05-1573.0573,048
2021-05-1472.4572,455
2021-05-1373.7472,735
2021-05-1274.6973,691
2021-05-1173.0773,068
2021-05-1073.2773,265
2021-05-0973.2773,265
2021-05-0873.2473,232
2021-05-0773.2473,235
2021-05-0671.1471,146
2021-05-0571.0871,085
2021-05-0472.2672,259
2021-05-0370.9169,914
2021-05-0270.9169,914
2021-05-0170.9169,914
2021-04-3071.5170,515
2021-04-2971.1271,119
2021-04-2871.4471,432
2021-04-2771.2571,252
2021-04-2671.8970,884
2021-04-2571.8970,884

Historical Price of Silver Rate In Gujarat

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

Silver Rates1 gram1 Kg
February 1st Rate72.5071,497
February 28th Rate66.0166,005
Highest February Rate77.9376,923
Lowest February Rate66.0166,005

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

Silver Rates1 gram1 Kg
March 1st Rate64.8963,893
March 31th Rate72.5071,497
Highest March Rate72.5471,537
Lowest March Rate64.8963,893

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

Silver Rates1 gram1 Kg
April 1st Rate71.5170,515
April 30th Rate65.0165,013
Highest April Rate73.7672,758
Lowest April Rate65.0165,013

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

Silver Rates1 gram1 Kg
May 1st Rate74.6173,609
May 31th Rate70.9169,914
Highest May Rate75.1675,162
Lowest May Rate70.9169,914

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

Silver Rates1 gram1 Kg
June 1st Rate70.7869,782
June 30th Rate74.0474,041
Highest June Rate75.7974,789
Lowest June Rate70.7869,782

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

Silver Rates1 gram1 Kg
July 1st Rate68.2468,245
July 25th Rate71.6770,670
Highest July Rate72.871,801
Lowest July Rate68.6567,653

Introduction

Silver has been important in the cultural history of India for centuries. Silver and gold have been traditionally considered as precious metals in our culture and have been also used in traditional ceremonies as well. Silver has also been considered auspicious as a form of gifts and luxury item to be cherished by royalty as well as the common public at large.

Silver is also considered as a lucrative and feasible option for investment or planning for long term expenses. There are many ways to invest in silver. Investment in silver can be in the form of jewellery, household items, coins, bullion bars or silver bars.

Customers can invest in silver by purchasing it at the current rates or prevailing rates. Silver rates change on a day to day basis based on the global rates along with other domestic and local factors.

Current Silver Rates in Gujarat

As mentioned above, the rates of silver change on a daily basis. Silver can be bought and sold in all the major towns and cities of Gujarat. The current rates of silver that are applicable in the state of Gujarat are mentioned below.

Daily Silver Rates in Gujarat

Silver Rate – 10 Gram (Rs.)

Silver Rate – 100 Gram (Rs.)

Silver Rate – 1 KG (Rs.)

23rd Oct 2020

626

6260

62600

22nd Oct 2020

630

6300

63000

21st Oct 2020

635

6350

63500

20th Oct 2020

620

6200

62000

19th Oct 2020

627.5

6275

62750

18th Oct 2020

617

6170

61700

17th Oct 2020

617

6170

61700

16th Oct 2020

616

6160

61600

15th Oct 2020

610

6100

61000

14th Oct 2020

620

6200

62000

Smart Ways to Invest in Silver in Gujarat

Investment in silver can be in many forms. The affordability of silver as compared to gold is one of the most attractive reasons for investment in silver. Customers can get silver in bulk quantities as well as in retail quantities. There are many certified jewelers and authorized sellers where customers can purchase and sell silver. There are many points to be considered while making an investment in silver. Investment in silver coins and bullions get the exact prevailing value of silver upon resale. In case a customer has invested in silver jewellery or silver household items, the resale value will be reduced by almost 15% of the prevailing rate. This is due to the fact that jewelers and authorized dealers will pay only for the value of silver. This reduced value of silver is on account of melting charge or making charge of the jewellery.

It is therefore advisable to invest in silver coins or bullions if silver is purchased as a mode of investment.

Understanding the Purity of Silver

Like gold, silver also has various levels of variants of purity that determine its quality and price. Gold can be classified in purity of 18 carat, 22 carat or 24 carat purity. Silver can be found in various purity levels the highest of which is 9999.

When a customer goes to sell the silver jewellery owned by him/her, the seller will pay the price of the silver according to the purity and weight of the precious metal. Certified sellers and buyers of such metal and jewelers have special methods to measure or determine the purity of the metal and grade it accordingly.

Why invest in silver bars and coins in Gujarat?

Customers have the option to invest in silver in the form of silver bars and silver coins along with silver jewellery as well as silver household items like utensils or related to a place of worship.

Customers can purchase silver coins or bars of various weights or purity for investment purposes. Coins are available in the weights ranging from as low as 2 grams to as high as 1 kg. The various options that the customers can choose from are 2 gram, 5 gram, 10 gram, 15 gram, 25 gram, 40 gram, 50 gram, 100 gram, 200 gram, 500 gram and 1000 gram or 1 kg.

In the case of silver bars as well, customers get many options in weights and purity. These weight options range from 10 ounce to 1 kg. The purity of these bars range from 0.999 to 0.9999 which is the highest purity level of silver as mentioned above.

Customers can purchase silver coins or bars from authorized dealers or even from banks. However, it is to be noted that purchasing from a jeweler or a dealer is cheaper as compared to purchasing silver coins or bars from a bank.

The other option to purchase silver is through the futures exchange or silver Exchange Traded Funds (ETF). ETF is the platform to trade in silver like any other commodity. It is not available in the state of Gujarat. Customers can, however, choose to trade in an ETF in the US market. The prima facie condition for the same is to open an account and register with an ETF through a certified stock broker.

Futures exchange is the trading option for silver like any other commodity. However, the quantities of such trade are in bulk as compared to trading in other precious metals like gold. This platform is therefore used by serious traders and not by those who want to dabble in such trade without any expertise. There are many charges that are part of such trade like brokerage, stamp duty etc.

Points to Remember while Buying Silver in Gujarat

Customers need to remember a few points while purchasing or investing in silver. This will ensure that the customers get the best price and the correct weight according to their needs like for trading or for personal use. Some of such details are mentioned below.

  • The first and foremost thing to do while purchasing or investing in silver is to track the rates of this commodity. The rates of silver change on a daily basis and hence it is important to keep a track of the same. This will enable the customers to get the best price for silver.
  • The other important decision is to determine where the customer wants to buy the silver from and the form of such precious metal. Customers can buy the silver from either certified jewelers or even from banks. Silver can be bought in the form of coins, bars, jewellery and even in the form of household items.
  • Customers have to also ensure that they have the proper certification for the silver purchased from either of the sources mentioned above. Silver will have the following markings as part of certification.
    • 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
  • Customers can also purchase silver online through certified e-commerce sellers. It is risky to purchase silver online as there can be chances of being cheated. Hence it is advisable to purchase silver only through certified and recognized e-commerce sellers.

FAQs - Silver Rate in Gujarat

1. Is the price of silver constant?

No. The price of silver changes on a daily basis.

2. Where can a person purchase silver in Gujarat?

A customer can purchase silver through certified e-commerce sellers, jewelers or even through banks.

3. What are the various forms in which silver is available for investment?

The various forms of silver available for purchase are jewellery, coins, bars or household items. However, if the customer is purchasing silver for investment purposes, it should be noted that silver in the form of coin or bars will give the highest resale value as there will be no wastage or reduction in value in the form of making charges or melting charges or even on account of any other precious stones imbedded with the silver jewellery. Customers can get the value for the total weight of silver held in the form of bars or coins.

4. What are some of the factors affecting silver prices in Gujarat?

Some of the main factors affecting prices of silver in Gujarat are the industrial demand for silver, the investment demand as well as the ancillary costs associated with buying of silver.

5. What is the lowest weight of silver coins available for purchase in Gujarat?

Customers in Gujarat can purchase silver coins of weight as low as 1 gram with certified purity of 999.

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