Interested in financial products
CreditMantri
Processing

Today Silver Rates In Gujarat

21 May 2022

silver rate today india

₹61.64

( Per Gram )

silver price today

₹61633

1 Kg

Silver Price TodaySilver Rate YesterdayChange(%)
1 gram61.6461.78-0.23%
10 gram6163361780-0.24%

Silver Rates In Gujarat for Last 90 Days

21 May 2022

Date1 gramBar Silver 1KG
2022-05-21₹ 62.64₹ 61,633
2022-05-20₹ 62.78₹ 61,780
2022-05-19₹ 60.47₹ 60,466
2022-05-18₹ 61.90₹ 60,902
2022-05-17₹ 61.20₹ 61,203
2022-05-16₹ 60.84₹ 59,836
2022-05-15₹ 60.56₹ 59,565
2022-05-14₹ 60.56₹ 59,565
2022-05-13₹ 59.53₹ 58,525
2022-05-12₹ 61.84₹ 60,847
2022-05-11₹ 60.85₹ 59,847
2022-05-10₹ 61.47₹ 61,477
2022-05-09₹ 62.46₹ 62,465
2022-05-08₹ 63.65₹ 62,657
2022-05-07₹ 63.65₹ 62,657
2022-05-06₹ 62.47₹ 62,471
2022-05-05₹ 64.68₹ 63,678
2022-05-04₹ 63.93₹ 62,922
2022-05-03₹ 63.39₹ 63,380
2022-05-02₹ 63.20₹ 63,200
2022-05-01₹ 65.47₹ 65,471
2022-04-30₹ 65.47₹ 65,471
2022-04-29₹ 66.55₹ 65,553
2022-04-28₹ 65.45₹ 65,453
2022-04-27₹ 66.86₹ 65,856
2022-04-26₹ 66.03₹ 66,025
2022-04-25₹ 67.17₹ 67,167
2022-04-24₹ 67.27₹ 67,271
2022-04-23₹ 67.27₹ 67,270
2022-04-22₹ 67.48₹ 67,480
2022-04-21₹ 70.86₹ 69,858
2022-04-20₹ 70.96₹ 69,965
2022-04-19₹ 72.71₹ 71,708
2022-04-18₹ 72.82₹ 71,824
2022-04-17₹ 71.33₹ 71,338
2022-04-16₹ 71.33₹ 71,338
2022-04-15₹ 71.30₹ 71,303
2022-04-14₹ 71.15₹ 71,155
2022-04-13₹ 70.37₹ 70,367
2022-04-11₹ 69.55₹ 68,548
2022-04-10₹ 69.50₹ 68,503
2022-04-09₹ 69.50₹ 68,503
2022-04-08₹ 68.03₹ 68,032
2022-04-07₹ 67.41₹ 67,406
2022-04-06₹ 67.89₹ 66,890
2022-04-05₹ 67.39₹ 67,393
2022-04-04₹ 68.21₹ 68,209
2022-04-03₹ 68.09₹ 68,095
2022-04-02₹ 68.09₹ 68,094
2022-04-01₹ 69.56₹ 68,557
2022-03-31₹ 68.49₹ 68,487
2022-03-30₹ 68.27₹ 68,278
2022-03-29₹ 69.69₹ 68,693
2022-03-28₹ 71.76₹ 70,751
2022-03-27₹ 71.88₹ 70,878
2022-03-26₹ 71.88₹ 70,879
2022-03-25₹ 71.91₹ 70,905
2022-03-24₹ 70.18₹ 70,179
2022-03-23₹ 68.49₹ 68,487
2022-03-22₹ 70.11₹ 70,118
2022-03-21₹ 69.22₹ 69,223
2022-03-20₹ 69.94₹ 68,936
2022-03-19₹ 69.94₹ 68,936
2022-03-18₹ 70.26₹ 70,260
2022-03-17₹ 70.61₹ 69,612
2022-03-16₹ 69.30₹ 69,301
2022-03-15₹ 70.76₹ 69,761
2022-03-14₹ 72.70₹ 71,705
2022-03-13₹ 72.17₹ 72,170
2022-03-12₹ 72.17₹ 72,170
2022-03-11₹ 72.06₹ 72,055
2022-03-10₹ 71.89₹ 70,893
2022-03-09₹ 74.74₹ 73,745
2022-03-07₹ 72.49₹ 72,494
2022-03-06₹ 72.53₹ 71,524
2022-03-05₹ 72.53₹ 71,524
2022-03-04₹ 70.63₹ 69,623
2022-03-02₹ 70.52₹ 69,518
2022-03-01₹ 67.09₹ 67,087
2022-02-28₹ 67.84₹ 66,846
2022-02-27₹ 66.30₹ 66,300
2022-02-26₹ 66.28₹ 66,282
2022-02-25₹ 67.98₹ 66,982
2022-02-24₹ 67.74₹ 66,741
2022-02-23₹ 66.60₹ 65,604
2022-02-22₹ 65.27₹ 65,267
2022-02-21₹ 65.27₹ 65,270
2022-02-20₹ 65.10₹ 65,107
2022-02-19₹ 65.10₹ 65,107
2022-02-18₹ 65.18₹ 65,181

Historical Price of Silver Rate In Gujarat

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

Silver Rates1 gram1 Kg
May 1st Rate62.6461,633
May 21th Rate65.4765,471
Highest May Rate65.4765,471
Lowest May Rate59.5358,525

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

Silver Rates1 gram1 Kg
April 1st Rate65.4765,471
April 30th Rate69.5668,557
Highest April Rate72.8271,824
Lowest April Rate65.4565,453

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

Silver Rates1 gram1 Kg
March 1st Rate68.4968,487
March 31th Rate67.0967,087
Highest March Rate74.7473,745
Lowest March Rate67.0967,087

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

Silver Rates1 gram1 Kg
February 1st Rate67.8466,846
February 28th Rate61.0361,028
Highest February Rate67.9866,982
Lowest February Rate61.9960,987

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

Silver Rates1 gram1 Kg
January 1st Rate61.2161,206
January 31th Rate63.1663,162
Highest January Rate66.0566,045
Lowest January Rate60.1760,173

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.

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.

People Also Ask Silver Rate 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.
×Thank you! Your comment will be reviewed and posted shortly.

CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.