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Today Silver Rates In Gujarat

17 Jan 2021

gold rate

₹65.98

( Per Gram )

gold rate

₹65976

1 Kg

TodayYesterdayChange(%)
1 gram65.9865.970.02%
10 gram65976659680.01%

Silver Rates In Gujarat for Last 90 Days

17 Jan 2021

Date1 gramBar Silver 1KG
2021-01-1766.9865,976
2021-01-1666.9765,968
2021-01-1568.2668,266
2021-01-1468.7767,772
2021-01-1368.9767,969
2021-01-1267.0567,056
2021-01-1168.9467,936
2021-01-1068.9467,936
2021-01-0967.6566,646
2021-01-0873.7972,783
2021-01-0772.1772,169
2021-01-0673.3973,383
2021-01-0572.2972,285
2021-01-0470.2370,227
2021-01-0370.2370,227
2021-01-0270.2370,227
2021-01-0170.9969,996
2020-12-3171.5970,596
2020-12-3070.8569,850
2020-12-2971.5270,518
2020-12-2869.4269,422
2020-12-2769.1569,148
2020-12-2669.1569,148
2020-12-2569.1769,170
2020-12-2469.1469,136
2020-12-2368.8667,857
2020-12-2270.4370,426
2020-12-2169.1669,163
2020-12-2069.1669,163
2020-12-1969.1869,178
2020-12-1870.5269,516
2020-12-1767.9966,992
2020-12-1666.5865,584
2020-12-1564.0664,061
2020-12-1464.3164,309
2020-12-1364.3164,309
2020-12-1264.4264,421
2020-12-1164.3364,329
2020-12-1064.6463,637
2020-12-0966.1566,148
2020-12-0866.1066,100
2020-12-0765.0265,020
2020-12-0665.0265,020
2020-12-0565.8764,874
2020-12-0464.4664,464
2020-12-0364.4364,436
2020-12-0264.0964,088
2020-12-0161.7860,780
2020-11-3059.2759,266
2020-11-0365.9164,905
2020-11-0264.7163,712
2020-11-0164.2564,244
2020-10-3164.2164,205
2020-10-3063.2063,202
2020-10-2963.1763,172
2020-10-2866.6565,654
2020-10-2766.5065,499
2020-10-2666.1366,127
2020-10-2566.1366,127
2020-10-2466.0466,042
2020-10-2366.2066,198
2020-10-2267.1467,136
2020-10-2166.3466,341
2020-10-2065.8064,793
2020-10-1965.6064,601
2020-10-1865.6064,601
2020-10-1765.8564,850
2020-10-1665.6864,680
2020-10-1565.8464,841
2020-10-1465.5764,579
2020-10-1367.0967,085
2020-10-1267.8166,806
2020-10-1167.8166,806
2020-10-1067.5366,531
2020-10-0964.7363,733
2020-10-0863.4963,487
2020-10-0763.3563,355
2020-10-0665.9064,899
2020-10-0563.2963,292
2020-10-0463.2963,292
2020-10-0364.6363,629
2020-10-0264.9263,926
2020-10-0163.6362,630
2020-09-3065.2765,265
2020-09-2964.5463,538
2020-09-2861.4461,444
2020-09-2761.4461,444
2020-09-2662.9061,899
2020-09-2562.5861,575
2020-09-2461.1561,147

Historical Price of Silver Rate In Gujarat

Trend of Silver Rate in Gujarat for October 2020 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
October 1st Rate64.2164,205
October 31th Rate63.6362,630
Highest October Rate67.1467,136
Lowest October Rate63.6362,630

Trend of Silver Rate in Gujarat for November 2020 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
November 1st Rate59.2759,266
November 30th Rate64.2564,244
Highest November Rate65.9164,905
Lowest November Rate59.2759,266

Trend of Silver Rate in Gujarat for December 2020 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
December 1st Rate71.5970,596
December 31th Rate61.7860,780
Highest December Rate71.5970,596
Lowest December Rate61.7860,780

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

Silver Rates1 gram1 Kg
January 1st Rate66.9865,976
January 17th Rate70.9969,996
Highest January Rate73.3973,383
Lowest January Rate66.9765,968

Trend of Silver Rate in Gujarat for September 2020 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
September 1st Rate65.2765,265
September 30th Rate76.6275,624
Highest September Rate76.6275,624
Lowest September Rate61.1561,147

Trend of Silver Rate in Gujarat for August 2020 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
August 1st Rate75.6074,600
August 31th Rate67.5666,556
Highest August Rate79.479,401
Lowest August Rate66.2866,283

Trend of Silver Rate in Gujarat for July 2020 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
July 1st Rate64.2764,274
July 31th Rate50.0850,082
Highest July Rate71.6370,635
Lowest July Rate49.9348,929

Trend of Silver Rate in Gujarat for June 2020 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
June 25th Rate49.1249,119
June 30th Rate48.4048,396
Highest June Rate49.1249,119
Lowest June Rate48.448,396

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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