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Today Silver Rates In Hyderabad

15 Apr 2024

silver rate today india

₹71.53

( Per Gram )

silver price today

₹71528

1 Kg

Silver Price TodaySilver Rate YesterdayChange(%)
1 gram71.5371.66-0.18%
10 gram7152871657-0.18%

Silver Rates In Hyderabad for Last 90 Days

15 Apr 2024

Date1 gramBar Silver 1KG
2023-11-27₹ 72.53₹ 71,528
2023-11-26₹ 72.66₹ 71,657
2023-11-25₹ 72.66₹ 71,657
2023-11-24₹ 70.79₹ 69,789
2023-11-23₹ 70.75₹ 69,749
2023-11-22₹ 70.05₹ 70,050
2023-11-21₹ 70.00₹ 69,995
2023-11-20₹ 70.69₹ 69,690
2023-11-19₹ 70.87₹ 69,866
2023-11-18₹ 70.87₹ 69,866
2023-11-17₹ 70.09₹ 70,091
2023-11-16₹ 69.61₹ 68,607
2023-11-15₹ 68.72₹ 67,716
2023-11-14₹ 66.79₹ 65,790
2023-11-13₹ 65.26₹ 65,260
2023-11-12₹ 66.57₹ 65,566
2023-11-11₹ 66.57₹ 65,566
2023-11-10₹ 67.80₹ 66,799
2023-11-09₹ 67.59₹ 66,587
2023-11-08₹ 66.44₹ 66,437
2023-11-07₹ 67.48₹ 67,477
2023-11-06₹ 68.13₹ 68,131
2023-11-05₹ 68.25₹ 68,246
2023-11-04₹ 68.25₹ 68,246
2023-11-03₹ 67.66₹ 66,661
2023-11-02₹ 68.60₹ 67,604
2023-11-01₹ 67.87₹ 66,868
2023-10-31₹ 68.44₹ 68,440
2023-10-30₹ 68.02₹ 68,018
2023-10-29₹ 68.17₹ 68,167
2023-10-28₹ 68.17₹ 68,167
2023-10-27₹ 67.15₹ 67,152
2023-10-26₹ 67.43₹ 67,426
2023-10-25₹ 67.43₹ 67,431
2023-10-24₹ 68.77₹ 67,774
2023-10-23₹ 68.05₹ 68,046
2023-10-22₹ 69.77₹ 68,768
2023-10-21₹ 69.77₹ 68,768
2023-10-20₹ 68.87₹ 67,871
2023-10-19₹ 67.21₹ 67,210
2023-10-18₹ 68.59₹ 67,591
2023-10-17₹ 66.08₹ 66,080
2023-10-16₹ 67.56₹ 66,561
2023-10-15₹ 67.87₹ 66,870
2023-10-14₹ 67.87₹ 66,870
2023-10-13₹ 64.41₹ 64,414
2023-10-12₹ 65.05₹ 65,055
2023-10-11₹ 64.31₹ 64,310
2023-10-10₹ 64.32₹ 64,325
2023-10-08₹ 64.59₹ 63,593
2023-10-07₹ 64.59₹ 63,593
2023-10-06₹ 62.84₹ 61,839
2023-10-05₹ 62.34₹ 62,343
2023-10-04₹ 62.86₹ 61,860
2023-10-03₹ 61.34₹ 61,340
2023-10-02₹ 65.55₹ 64,548
2023-10-01₹ 65.17₹ 65,167
2023-09-30₹ 65.28₹ 65,279
2023-09-29₹ 67.68₹ 66,681
2023-09-28₹ 66.26₹ 66,262
2023-09-27₹ 67.25₹ 67,249
2023-09-26₹ 68.84₹ 67,839
2023-09-25₹ 69.12₹ 69,118
2023-09-24₹ 69.18₹ 69,184
2023-09-23₹ 69.18₹ 69,184
2023-09-22₹ 69.75₹ 68,745
2023-09-21₹ 68.96₹ 67,960
2023-09-20₹ 68.07₹ 68,074
2023-09-19₹ 68.38₹ 68,383
2023-09-18₹ 68.95₹ 67,951
2023-09-17₹ 68.62₹ 67,620
2023-09-16₹ 68.62₹ 67,620
2023-09-15₹ 67.23₹ 67,231
2023-09-14₹ 67.22₹ 67,219
2023-09-13₹ 67.34₹ 67,341
2023-09-12₹ 68.67₹ 67,674
2023-09-11₹ 68.53₹ 67,526
2023-09-10₹ 67.39₹ 67,387
2023-09-09₹ 67.39₹ 67,387
2023-09-08₹ 68.89₹ 67,895
2023-09-07₹ 68.09₹ 68,087
2023-09-06₹ 69.01₹ 69,005
2023-09-05₹ 70.84₹ 69,838
2023-09-04₹ 71.69₹ 70,694
2023-09-03₹ 71.71₹ 70,705
2023-09-02₹ 71.71₹ 70,705
2023-09-01₹ 72.66₹ 71,655
2023-08-31₹ 72.99₹ 71,988
2023-08-30₹ 72.03₹ 72,035
2023-08-29₹ 71.74₹ 70,741
IDFC MILLENIA MALE

Historical Price of Silver Rate In Hyderabad

Introduction

Silver is traditionally considered to be one of the most precious metals in our civilization. While metals like iron and copper are quite sturdy and have been traditionally used for kitchen purposes as well as for heavy equipment or machinery, metals like silver and gold have been considered to be precious and even auspicious in many cases.

Silver and gold along with precious and rare diamonds has also been considered royalty and has held a very sacred place in traditional rituals as well. Silver is like any other tradable commodity that is traded in recognized markets around the world. Silver rates fluctuate on a daily basis and customers have to track the rates continuously in order to get the best price while purchasing silver for personal use or as an investment.

Factors that affect Silver Rates

Hyderabad has a very rich culture and silver is an integral part of its heritage. Silver as mentioned above is not only used for personal use but is also a very important investment tool or commodity. The factors affecting the prices of silver in the city of Hyderabad are multifold like the primary demand and supply forces as well the ancillary and associated factors. Some of the factors that affect the prices of Silver in Hyd

Individual Demand

The demand for this precious metal is the driving force behind the prices for Silver in any city or State. The demand for silver is considered in all its forms like coins, bars, household items and jewellery.

Industrial Demand

The industrial demand for silver refers to the demand for the metal in bulk quantity. Silver can be used for personal as well as industrial purposes. The industrial demand apart from the individual demand are the two crucial factors that weigh on the demand side of the price dynamics for silver.

Gold Prices

Gold is another precious metal that is heavily traded in the commodity market. Gold prices are also an important factor in determining the prices for silver. When Gold prices are on the rise like in the current market, silver prices also tend to follow these trends.

Inflation

Inflation in any country is another reason or factor that can alter the prices of silver. Inflation of our country is also affected by inflation of other countries. Customers can track the inflation of any country on a regular basis in order to get the best prices of metal.

Mining Cost

The mining cost of silver is also a driving force for the prices of the silver across the country. The mining cost is considered as a direct cost component that will affect the prices of silver.

Import Costs

Imports costs are part of the ancillary costs associated with the final pricing of this precious metal. Import costs are directly dependent on the demand for silver. This demand will include the individual market demand as well as the industrial demand for silver.

Factors to Consider while Purchasing Silver in Hyderabad

Like the many factors that are considered or associated with the cost of silver, there are many factors that are to be considered while making the decision to purchase silver. These factors range from the cost involved to buying the commodity at the right time. The details of such factors are mentioned below.

Form of Silver to be purchased

Silver can be bought for investment or personal use in any of the available forms. These forms include silver bars, silver coins, silver jewellery and silver household items. Silver can be purchased in any such form at the available or prevailing rates. This decision is primary in the consideration for purchasing silver.

Rate of Silver

The prevailing rate of silver is another important consideration for purchasing silver. Customers are benefited by tracking the rates of silver on a daily basis. This will ensure that customers get the best price for the product and maximize their profits if silver is purchased for investment purposes.

Silver Certification

Hyderabad city provides certification for the silver that is to be purchased by the customers. It is recommended that customers purchase certified silver. This will ensure the purity and the authenticity of the silver that is purchased by the customers.

Mode of Purchase

Another important consideration while purchasing silver is the mode of purchase of such metal. Customers can now purchase silver through various e-commerce websites. Online purchase of silver has made it extremely easy and convenient for the customers to acquire silver in retail or bulk for personal use or investment purposes. Customers have to ensure proper certification and authenticity of the website before making a purchase so as to avoid being victim of any fraud or theft of the silver purchased.

Silver can be purchased for investment purposes through the notified exchanges. Through such notified exchanges silver can be purchased in bulk quantities as well. India does not have any notified exchange for silver; hence, customers can trade through the notified silver exchange in the US market. Customers can also trade in silver through the futures market. The costs associated with trading silver in the futures market are slightly higher as compared to purchasing silver for personal use.

Also Read: Gold Rate In Hyderabad

FAQs – Silver Rate Today in Hyderabad

1. What are the forms in which silver can be traded in the exchange market or futures market?

The forms in which silver can be traded in the exchange market or futures market are silver coins, silver bars and bullions.

2. What is the highest purity that can be associated with silver?

The highest grade of purity that can be associated with silver is 0.9999.

3. Can a person trade in the silver through an exchange in India?

No. India does not have an exchange where silver can be traded. Customers can trade through the notified exchange in the US.

4. Does silver jewellery have any mark to ensure the purity and authenticity of the metal purchased?

Yes. Silver comes with the jeweler’s mark as well as the BIS (Bureau of Indian Standards) to ensure the authenticity and purity of silver purchased.

5. Can a customer purchase silver online?

Yes. Silver can be purchased online through various e-commerce websites but the customer has to ensure the authenticity and the purity of the metal before making a purchase so they can be sure that they are not defrauded or duped of their funds.

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