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Today Silver Rates In Karnataka

21 May 2022

silver rate today india

₹58.96

( Per Gram )

silver price today

₹58954

1 Kg

Silver Price TodaySilver Rate YesterdayChange(%)
1 gram58.9659.09-0.22%
10 gram5895459094-0.24%

Silver Rates In Karnataka for Last 90 Days

21 May 2022

Date1 gramBar Silver 1KG
2022-05-21₹ 59.96₹ 58,954
2022-05-20₹ 59.09₹ 59,094
2022-05-19₹ 58.92₹ 57,915
2022-05-18₹ 58.26₹ 58,255
2022-05-17₹ 59.54₹ 58,542
2022-05-16₹ 57.24₹ 57,234
2022-05-15₹ 57.97₹ 56,975
2022-05-14₹ 57.97₹ 56,975
2022-05-13₹ 56.98₹ 55,980
2022-05-12₹ 58.14₹ 58,144
2022-05-11₹ 57.30₹ 57,306
2022-05-10₹ 59.80₹ 58,804
2022-05-09₹ 60.84₹ 59,838
2022-05-08₹ 60.93₹ 59,933
2022-05-07₹ 60.93₹ 59,933
2022-05-06₹ 60.92₹ 59,917
2022-05-05₹ 61.91₹ 60,909
2022-05-04₹ 60.19₹ 60,187
2022-05-03₹ 61.63₹ 60,624
2022-05-02₹ 60.45₹ 60,452
2022-05-01₹ 63.62₹ 62,625
2022-04-30₹ 63.62₹ 62,625
2022-04-29₹ 63.70₹ 62,703
2022-04-28₹ 63.60₹ 62,607
2022-04-27₹ 63.99₹ 62,993
2022-04-26₹ 63.16₹ 63,154
2022-04-25₹ 64.25₹ 64,246
2022-04-24₹ 64.34₹ 64,347
2022-04-23₹ 64.34₹ 64,346
2022-04-22₹ 65.69₹ 64,691
2022-04-21₹ 67.82₹ 66,820
2022-04-20₹ 67.76₹ 66,751
2022-04-19₹ 69.59₹ 68,590
2022-04-18₹ 69.70₹ 68,701
2022-04-17₹ 68.23₹ 68,236
2022-04-16₹ 68.23₹ 68,236
2022-04-15₹ 68.20₹ 68,203
2022-04-14₹ 68.06₹ 68,061
2022-04-13₹ 67.31₹ 67,308
2022-04-11₹ 66.57₹ 65,568
2022-04-10₹ 66.52₹ 65,524
2022-04-09₹ 66.52₹ 65,524
2022-04-08₹ 65.07₹ 65,074
2022-04-07₹ 64.48₹ 64,475
2022-04-06₹ 64.93₹ 63,930
2022-04-05₹ 64.46₹ 64,463
2022-04-04₹ 65.25₹ 65,243
2022-04-03₹ 65.13₹ 65,134
2022-04-02₹ 65.13₹ 65,133
2022-04-01₹ 65.48₹ 65,483
2022-03-31₹ 66.51₹ 65,510
2022-03-30₹ 65.20₹ 65,204
2022-03-29₹ 66.71₹ 65,706
2022-03-28₹ 68.81₹ 67,809
2022-03-27₹ 68.80₹ 67,797
2022-03-26₹ 68.80₹ 67,798
2022-03-25₹ 68.82₹ 67,822
2022-03-24₹ 67.12₹ 67,128
2022-03-23₹ 66.51₹ 65,510
2022-03-22₹ 67.07₹ 67,069
2022-03-21₹ 66.93₹ 65,926
2022-03-20₹ 66.94₹ 65,938
2022-03-19₹ 66.94₹ 65,938
2022-03-18₹ 67.20₹ 67,205
2022-03-17₹ 67.58₹ 66,585
2022-03-16₹ 66.37₹ 66,365
2022-03-15₹ 67.73₹ 66,728
2022-03-14₹ 69.58₹ 68,587
2022-03-13₹ 69.03₹ 69,033
2022-03-12₹ 69.03₹ 69,033
2022-03-11₹ 69.92₹ 68,922
2022-03-10₹ 68.40₹ 68,396
2022-03-09₹ 71.54₹ 70,539
2022-03-07₹ 69.34₹ 69,342
2022-03-06₹ 68.42₹ 68,414
2022-03-05₹ 68.42₹ 68,414
2022-03-04₹ 67.60₹ 66,596
2022-03-02₹ 67.99₹ 66,986
2022-03-01₹ 64.17₹ 64,171
2022-02-28₹ 64.94₹ 63,939
2022-02-27₹ 63.42₹ 63,417
2022-02-26₹ 63.45₹ 63,446
2022-02-25₹ 64.07₹ 64,069
2022-02-24₹ 64.95₹ 63,943
2022-02-23₹ 63.75₹ 62,752
2022-02-22₹ 62.43₹ 62,429
2022-02-21₹ 62.43₹ 62,432
2022-02-20₹ 62.27₹ 62,276
2022-02-19₹ 62.27₹ 62,276
2022-02-18₹ 62.35₹ 62,347

Historical Price of Silver Rate In Karnataka

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

Silver Rates1 gram1 Kg
May 1st Rate59.9658,954
May 21th Rate63.6262,625
Highest May Rate63.6262,625
Lowest May Rate56.9855,980

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

Silver Rates1 gram1 Kg
April 1st Rate63.6262,625
April 30th Rate65.4865,483
Highest April Rate69.768,701
Lowest April Rate63.662,607

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

Silver Rates1 gram1 Kg
March 1st Rate66.5165,510
March 31th Rate64.1764,171
Highest March Rate71.5470,539
Lowest March Rate64.1764,171

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

Silver Rates1 gram1 Kg
February 1st Rate64.9463,939
February 28th Rate58.3758,374
Highest February Rate64.0764,069
Lowest February Rate58.3358,335

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

Silver Rates1 gram1 Kg
January 1st Rate59.5558,545
January 31th Rate60.4260,416
Highest January Rate63.1863,174
Lowest January Rate58.5657,556

Introduction

Silver and gold are traditionally considered to be among the most precious metals for ages. Even in ancient India, gold and silver were considered to be an integral part of not only the rituals but also as part of a status symbol. Even today silver and gold are considered to be a great status symbol in our society. Moreover, silver and gold along with other precious stones are considered as a great investment opportunity other than the money market or stocks.

Purchase of silver can be done for personal use as well as for investment purposes. Silver that is purchased for personal use is often in smaller quantities as compared to that for investment purposes. Silver as an investment option is further attractive due to the fact that it can be purchased in larger quantities on account of its price being lower than that of gold. Although the storage cost in such cases is considerably higher. The details related to the silver rates in the state of Karnataka are mentioned hereunder.

Purity of Silver

Silver prices also depend on the purity level of the metal. The higher the purity of this precious metal, the higher its price. There are many ways to mark and determine the purity of the silver. Also, the seller's place many marks on the silver sold in order to ascertain the purity and the genuineness of the metal sold. This ensures the buyers of the authenticity and purity of the silver purchased and safeguards their interest.

One of the easiest ways to ascertain the purity of silver is the ice test. Customers have to simply place an ice cube on the silver to perform this test. If the ice melts at a faster pace, the silver is genuine and the purity is also of high grade.

Silver can be available in many purity forms like 999 level, 9999 level and more. The highest purity level that can be associated with silver is 9999.

The various types of markings that can be placed on silver when it is sold in order to ensure the authenticity of the purchase and the purity of the metal are mentioned below.

  • BIS (Bureau of Indian Standards) Mark
  • Jeweler’s / Manufacturer’s Identification Symbol
  • Assay Centre’s identification mark
  • Marking Year
  • Purity Grade Indicator

Points to be considered while Purchasing Silver in Karnataka

There are various points to be considered while purchasing silver in the state of Karnataka. Some of these factors are mentioned below.

Purpose of purchasing Silver

The purpose of purchasing silver is one of the main considerations while getting this metal. When silver is purchased for personal use, it is generally in smaller quantities. When silver is purchased for investment purposes, it is generally in bulk. The form of silver is also determined by the purpose of its purchase. Silver purchased for investment purposes is generally in the form of coins or bars and bullions as they ensure the maximum resale value without any dilution on account of other precious stones or marking cost.

Source of purchase

Silver has to be purchased from authentic jewelers and sellers of silver or banks in order to ensure the authenticity of the metal as well as its purity. Online e-commerce websites can also be used to purchase silver. However, it is to be noted that customers have to make sure that such websites are genuine and the silver delivered is of correct purity as ordered and paid for.

Rate of Silver

The rate of silver is another important factor determining the time and quantity of purchase. Customers have to track the prices of silver on a daily basis in order to ensure that they get the best price. The rates of silver are affected or influenced due to many factors which are discussed later.

Proper certification of Silver

Certification of Silver is also an important consideration while making a purchase. Proper certified silver ensures the customers of its authenticity and purity and ensures that the buyers get the correct grade of silver that they desire. Proper certification of silver also ensures that the customers get the best resale price at the time of resale of their silver jewellery or silver in any other form held for personal or investment purposes.

Factors influencing the rates of Silver in Karnataka

There are many factors that influence or affect the rates of silver. Due to these factors, Coupled with the daily changes in the value of silver and gold in the commodity market, the prices of silver change on a daily basis. These factors that play a crucial role in determining the rates of silver are mentioned below.

FAQs – Silver rate in Karnataka

1. Are import costs associated with the final price of the metal?

Yes. Import costs are one of the many factors influencing the final price of silver. Higher import costs will naturally drive the rate of silver on the higher side.

2. What are the various forms of silver that the customers can purchase for personal or investment purposes?

The various forms in which a person can purchase silver for personal or investment reasons are

  • Silver coins
  • Silver jewellery
  • Silver bars and bullions
  • Silver household items

3. When is the best time to purchase silver?

The best time to purchase silver is when the rate of silver is on the lower side. For this, customers will have to track the silver prices on a daily basis to observe the price trend and make the best decision.

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