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Today Silver Rates In Karnataka

27 Jul 2021

gold rate

₹65.34

( Per Gram )

gold rate

₹65336

1 Kg

TodayYesterdayChange(%)
1 gram65.3465.280.09%
10 gram65336652780.09%

Silver Rates In Karnataka for Last 90 Days

27 Jul 2021

Date1 gramBar Silver 1KG
2021-07-2765.3465,336
2021-07-2665.2865,278
2021-07-2565.2865,278
2021-07-2465.3365,323
2021-07-2366.8765,875
2021-07-2266.5565,549
2021-07-2165.7164,711
2021-07-2065.4265,425
2021-07-1967.7366,728
2021-07-1867.7466,733
2021-07-1767.7666,751
2021-07-1668.3768,370
2021-07-1568.0068,003
2021-07-1468.5567,554
2021-07-1368.0868,076
2021-07-1268.7267,719
2021-07-1168.7267,719
2021-07-1068.9267,920
2021-07-0968.5267,522
2021-07-0868.1768,178
2021-07-0768.1868,182
2021-07-0669.5068,499
2021-07-0569.6468,647
2021-07-0469.6468,647
2021-07-0369.6868,680
2021-07-0268.6367,633
2021-07-0168.6067,597
2021-06-3067.7566,748
2021-06-2968.5567,557
2021-06-2868.5067,499
2021-06-2767.4767,466
2021-06-2667.2967,295
2021-06-2567.1467,148
2021-06-2467.0167,006
2021-06-2367.8466,840
2021-06-2267.1567,154
2021-06-1967.8366,832
2021-06-1867.1767,177
2021-06-1770.2670,257
2021-06-1671.6770,669
2021-06-1571.0371,038
2021-06-1471.2371,226
2021-06-1371.2371,226
2021-06-1271.3371,325
2021-06-1171.0671,062
2021-06-1071.7770,773
2021-06-0970.2970,296
2021-06-0871.8370,825
2021-06-0771.6070,599
2021-06-0671.6070,599
2021-06-0570.4970,487
2021-06-0470.8569,851
2021-06-0372.5471,538
2021-06-0271.9170,907
2021-06-0171.8270,822
2021-05-3170.4170,409
2021-05-3070.4170,409
2021-05-2970.2170,208
2021-05-2871.5470,538
2021-05-2770.1070,101
2021-05-2671.9570,946
2021-05-2570.4470,446
2021-05-2470.9969,995
2021-05-2370.9969,995
2021-05-2270.0370,031
2021-05-2171.5870,573
2021-05-2070.1670,155
2021-05-1972.8171,814
2021-05-1872.8971,894
2021-05-1770.9969,992
2021-05-1670.9969,992
2021-05-1570.8869,872
2021-05-1469.3069,305
2021-05-1370.5869,572
2021-05-1270.4970,487
2021-05-1170.9069,891
2021-05-1070.0870,080
2021-05-0970.0870,080
2021-05-0870.0570,048
2021-05-0770.0570,051
2021-05-0668.0568,052
2021-05-0568.9967,994
2021-05-0469.1269,117
2021-05-0367.8766,874
2021-05-0267.8766,874
2021-05-0167.8766,874
2021-04-3067.4567,450
2021-04-2968.0368,027
2021-04-2868.4468,437
2021-04-2768.1668,155

Historical Price of Silver Rate In Karnataka

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

Silver Rates1 gram1 Kg
February 1st Rate68.3968,389
February 28th Rate63.1463,135
Highest February Rate74.5873,579
Lowest February Rate63.1463,135

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

Silver Rates1 gram1 Kg
March 1st Rate61.1261,115
March 31th Rate68.3968,389
Highest March Rate68.4368,427
Lowest March Rate61.1261,115

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

Silver Rates1 gram1 Kg
April 1st Rate67.4567,450
April 30th Rate62.1862,186
Highest April Rate70.5969,595
Lowest April Rate62.1862,186

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

Silver Rates1 gram1 Kg
May 1st Rate70.4170,409
May 31th Rate67.8766,874
Highest May Rate72.8971,894
Lowest May Rate67.8766,874

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

Silver Rates1 gram1 Kg
June 1st Rate67.7566,748
June 30th Rate71.8270,822
Highest June Rate72.5471,538
Lowest June Rate67.7566,748

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

Silver Rates1 gram1 Kg
July 1st Rate65.3465,336
July 27th Rate68.6067,597
Highest July Rate69.6868,680
Lowest July Rate65.7164,711

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

Prices of Silver in Karnataka

The prices of silver in our country change on a daily basis as it is influenced by many factors. The current price levels of silver in the state of Karnataka are mentioned below.

Daily Silver Rates in Karnataka

Silver Rate – 10 Gram (Rs.)

Silver Rate – 100 Gram (Rs.)

Silver Rate – 1 KG (Rs.)

31st Oct 2020

610

6100

61000

30th Oct 2020

602

6020

60200

29th Oct 2020

624.1

6241

62410

28th Oct 2020

624

6240

62400

27th Oct 2020

621

6210

62100

26th Oct 2020

615

6150

61500

25th Oct 2020

625

6250

62500

24th Oct 2020

625

6250

62500

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

The highest price of silver in the month of October was Rs. 63,800 per kg on 12th October, 2020 and the lowest price for silver in this month was Rs. 60,200 per kg as on 7th of October, 2020.

The overall or the aggregate performance of silver in the month showed an upward trend and closed at a final price of Rs. 61,000 per kg as on the last day of the month of October 2020.

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. What is the closing rate of silver in Karnataka for the month of October 2020?

The closing rate of silver in the month of October 2020 is Rs. 61,000 per kg or Rs. 61 per gram of silver.

2. What was the highest price of silver in the month of October, 2020?

The highest rate of silver in the month of October 2020 was Rs. 63,800 per kg on 12th October, 2020.

3. 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.

4. 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

5. 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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