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Today Silver Rates In Lakshadweep

31 May 2023

silver rate today india


( Per Gram )

silver price today


1 Kg

Silver Price TodaySilver Rate YesterdayChange(%)
1 gram68.5668.82-0.38%
10 gram6855868822-0.39%

Silver Rates In Lakshadweep for Last 90 Days

31 May 2023

Date1 gramBar Silver 1KG
2023-05-31₹ 69.56₹ 68,558
2023-05-30₹ 69.82₹ 68,822
2023-05-29₹ 69.92₹ 68,923
2023-05-28₹ 69.00₹ 69,001
2023-05-27₹ 69.00₹ 69,001
2023-05-26₹ 68.82₹ 67,816
2023-05-25₹ 68.09₹ 68,090
2023-05-24₹ 70.55₹ 69,546
2023-05-23₹ 70.93₹ 69,929
2023-05-22₹ 71.59₹ 70,587
2023-05-21₹ 71.86₹ 70,856
2023-05-20₹ 71.80₹ 70,799
2023-05-19₹ 70.50₹ 69,501
2023-05-18₹ 70.11₹ 70,114
2023-05-17₹ 70.17₹ 70,166
2023-05-16₹ 71.04₹ 71,045
2023-05-15₹ 71.94₹ 70,942
2023-05-14₹ 71.63₹ 70,628
2023-05-13₹ 71.68₹ 70,676
2023-05-12₹ 71.66₹ 70,660
2023-05-11₹ 75.54₹ 74,544
2023-05-10₹ 75.30₹ 75,304
2023-05-09₹ 75.00₹ 75,000
2023-05-08₹ 75.15₹ 75,149
2023-05-07₹ 75.23₹ 75,225
2023-05-06₹ 75.23₹ 75,225
2023-05-05₹ 77.50₹ 76,503
2023-05-04₹ 76.72₹ 75,723
2023-05-03₹ 74.19₹ 74,194
2023-05-02₹ 73.03₹ 73,029
2023-05-01₹ 73.23₹ 73,225
2023-04-30₹ 73.42₹ 73,418
2023-04-29₹ 73.42₹ 73,418
2023-04-28₹ 73.07₹ 73,075
2023-04-27₹ 73.09₹ 73,091
2023-04-26₹ 74.65₹ 73,648
2023-04-25₹ 74.16₹ 74,164
2023-04-24₹ 74.55₹ 73,549
2023-04-23₹ 74.76₹ 73,762
2023-04-22₹ 74.76₹ 73,762
2023-04-21₹ 74.36₹ 74,364
2023-04-20₹ 75.61₹ 74,613
2023-04-19₹ 74.17₹ 74,166
2023-04-18₹ 73.49₹ 73,493
2023-04-17₹ 75.50₹ 74,504
2023-04-16₹ 75.50₹ 74,504
2023-04-15₹ 74.44₹ 74,444
2023-04-12₹ 70.44₹ 70,444
2023-04-11₹ 70.44₹ 70,444
2023-04-10₹ 70.44₹ 70,444
2023-04-09₹ 70.44₹ 70,444
2023-04-08₹ 70.44₹ 70,444
2023-04-07₹ 70.44₹ 70,444
2023-04-06₹ 70.44₹ 70,444
2023-04-05₹ 70.44₹ 70,444
2023-04-04₹ 67.68₹ 66,685
2023-04-03₹ 67.68₹ 66,685
2023-04-02₹ 67.68₹ 66,685
2023-04-01₹ 67.68₹ 66,685
2023-03-31₹ 67.68₹ 66,685
2023-03-30₹ 67.68₹ 66,685
2023-03-29₹ 67.68₹ 66,685
2023-03-28₹ 67.68₹ 66,685
2023-03-27₹ 67.68₹ 66,685
2023-03-26₹ 67.68₹ 66,685
2023-03-25₹ 67.68₹ 66,685
2023-03-24₹ 67.68₹ 66,685
2023-03-23₹ 67.68₹ 66,685
2023-03-22₹ 67.68₹ 66,685
2023-03-21₹ 64.35₹ 64,345
2023-03-20₹ 64.35₹ 64,345
2023-03-19₹ 64.35₹ 64,345
2023-03-18₹ 64.35₹ 64,345
2023-03-17₹ 64.35₹ 64,345
2023-03-16₹ 64.35₹ 64,345
2023-03-15₹ 64.35₹ 64,345
2023-03-14₹ 64.42₹ 64,421
2023-03-13₹ 61.70₹ 60,700
2023-03-12₹ 60.36₹ 60,355
2023-03-11₹ 60.25₹ 60,255
2023-03-10₹ 59.99₹ 58,993
2023-03-09₹ 59.86₹ 58,864
2023-03-08₹ 59.02₹ 59,016
2023-03-07₹ 62.97₹ 61,967
2023-03-06₹ 62.33₹ 62,327
2023-03-05₹ 62.33₹ 62,327
2023-03-04₹ 62.33₹ 62,327
2023-03-03₹ 62.63₹ 61,631
2023-03-02₹ 62.93₹ 61,930
2023-03-01₹ 62.92₹ 61,922

Historical Price of Silver Rate In Lakshadweep

Trend of Silver Rate in Lakshadweep for May 2023 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
May 1st Rate69.5668,558
May 31th Rate73.2373,225
Highest May Rate77.576,503
Lowest May Rate68.8267,816

Trend of Silver Rate in Lakshadweep for April 2023 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
April 1st Rate73.4273,418
April 30th Rate67.6866,685
Highest April Rate75.6174,613
Lowest April Rate67.6866,685

Trend of Silver Rate in Lakshadweep for March 2023 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
March 1st Rate67.6866,685
March 31th Rate62.9261,922
Highest March Rate67.6866,685
Lowest March Rate59.8658,864

Trend of Silver Rate in Lakshadweep for February 2023 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
February 1st Rate61.2161,213
February 28th Rate70.5969,588
Highest February Rate70.5969,588
Lowest February Rate61.2161,213

Trend of Silver Rate in Lakshadweep for January 2023 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
January 1st Rate69.0369,034
January 31th Rate71.0971,091
Highest January Rate71.2171,213
Lowest January Rate68.1368,135


Lakshadweep is a group of 36 islands in the southern part of India. It is known for its exotic beaches and lush green outdoors. The name Lakshadweep in Malayalam and Sanskrit means ‘a hundred thousand islands’. It is India’s smallest union territory and is spread over an area of 32 sq km. This uni-district union territory is made up of 12 atolls, five submerged banks, ten inhabited islands and three reefs in all. The capital city is Kavaratti and is also the principal town. Lakshadweep attracts thousands of tourists because of its natural landscapes, sandy beaches, flourishing flora and fauna and a laid-back lifestyle that enhances the mystique of this union territory.

Lakshadweep is one of the most sought-after places for purchasing various silver artefacts, utensils and jewellery. Considering the ongoing silver rate in Lakshadweep, you are sure to purchase many silver items while travelling there. Apart from this, the place also sees daily trading of silver which influences the price movements. Here is all you need to know about the silver rate in Lakshadweep.

Silver Demand in Lakshadweep

Lakshadweep may have a small population size, but when it comes to silver demand, this union territory is not far behind from the rest of the country. People of Lakshadweep prefer to invest in silver coins, silver utensils, etc. Since they heavily invest in silver commodities, they also constantly keep themselves updated about the ongoing silver rate in Lakshadweep.

Lakshadweep also sees heavy silver trading daily. Multiple traders in Lakshadweep trade with silver and the trading is often in kilograms especially when the metal is bought and sold in bulk. Customers in Lakshadweep use measurements of 10 grams and 100 grams while purchasing silver.

Silver Rates Trend in Lakshadweep

For buying silver in large quantities in Lakshadweep, investors must look at the historical rates instead of focusing on the rates of the past few days. A 6-month rate trend will give a good perspective on silver prices. The price of silver may fluctuate depending on the factors such as international prices, ongoing geopolitical issues, etc.

Traders of silver in Lakshadweep keep a check on the opening and closing rates of the metal. The highest and lowest prices are also considered while making a deal. Serious investors of silver focus on technical analysis by gathering data around the prices of silver in the state.

What influences daily silver rates in Lakshadweep?

The union territory of Lakshadweep has seen heavy demand for silver in the past few years. This is mainly because of high gold prices and the affordability of silver as compared to gold. Silver demand in Lakshadweep is on a constant rise as individuals prefer to invest in silver instead of buying artificial jewellery. Since investors never got heavy returns on silver, the demand for this metal was always a concern. However, investors have been optimistic about fetching good resale value for this precious metal and have therefore been investing in silver over the past few years.

The futures market often sees a heavy silver demand due to multiple revenue-generating opportunities that this metal offers. In commodity exchanges, silver investments are preferred for good long-term returns.

How to buy silver in Lakshadweep?

Silver can be bought and sold in Lakshadweep in various measuring units. Silver trading or dealing happens in the same way as gold trading. Silver is weighed with relevant measuring tools and the latest prices are applied before closing on the deal. Silver investment is a wise decision this year since the stock market and equity investments have been hit hard since the advent of the Covid-19 pandemic. A lot of investors have moved away from the traditional equities investments to trading in precious metals.

Silver prices can be seen recovering from a sudden drop in the past few years. As the dependency on bullion is on a rise, the value of silver is seeing an upward trend in the market lately. The white metal has hit many highs in the market since the value of the dollar is heavily impacted by the COVID-19 pandemic which was declared at the start of this year.

Silver prices are affected by many factors in the bullion market. Since the global economy is seen to be struggling, regular stimulus packages are being announced by various governments and central banks of countries. This has helped to pump up the silver rates in the market. While the silver price fluctuations are dependent on various international trends, silver is considered to be a strong investment by investors as they expect a higher return in the long run.


1. How is silver measured in Lakshadweep?

Lakshadweep sees buying and selling of silver in grams, tolas, sovereigns, pavans, ounces and kilograms. 1 gram of silver is equal to 1000 milligrams. 1 tola of silver is equal to 11.6638038 grams, 1 sovereign of silver is equal to 8 grams, 1 pavan of silver is equal to 8 grams, 1 ounce of silver is equal to 31.1034768 grams, 1 kg of silver is equal to 1000 grams.

2. Why is there a rise in silver rates in Lakshadweep?

The ongoing market volatility and the impact on currency markets, especially the Dollar, international silver rates have been on a constant rise lately. This, in turn, has impacted prices of silver in Lakshadweep.

3. Why do investors prefer to buy silver coins/bars in Lakshadweep?

Since the existing monetary policies have pushed the value of various currencies down, silver investment is expected to fetch strong returns. Silver coins are easily verifiable and can be liquidated when there is a financial need. Silver bars are very easy to carry around and transport, and help investors to diversify their portfolio with good returns on it.

4. Is silver preferred over gold investment in Lakshadweep?

Yes. Silver is constantly being preferred as an investment in Lakshadweep as gold prices have remained unaffordable for most investors in the state. Silver is also considered to have higher returns in the long turn and therefore remains a favourite among investors in the union territory.

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