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Today Silver Rates In Lakshadweep

26 Jun 2022

silver rate today india

₹59.34

( Per Gram )

silver price today

₹59342

1 Kg

Silver Price TodaySilver Rate YesterdayChange(%)
1 gram59.3458.880.78%
10 gram59342588800.78%

Silver Rates In Lakshadweep for Last 90 Days

26 Jun 2022

Date1 gramBar Silver 1KG
2022-06-26₹ 59.34₹ 59,342
2022-06-24₹ 59.88₹ 58,880
2022-06-23₹ 60.00₹ 60,001
2022-06-21₹ 60.37₹ 60,367
2022-06-20₹ 61.65₹ 60,655
2022-06-19₹ 61.60₹ 60,603
2022-06-17₹ 61.15₹ 61,149
2022-06-16₹ 61.68₹ 60,677
2022-06-14₹ 59.21₹ 59,211
2022-06-13₹ 61.46₹ 61,461
2022-06-12₹ 61.36₹ 61,359
2022-06-11₹ 61.36₹ 61,360
2022-06-10₹ 60.45₹ 60,449
2022-06-09₹ 62.62₹ 61,627
2022-06-08₹ 62.95₹ 61,948
2022-06-07₹ 62.58₹ 61,583
2022-06-06₹ 61.06₹ 61,060
2022-06-05₹ 61.09₹ 61,091
2022-06-04₹ 61.09₹ 61,092
2022-06-03₹ 62.29₹ 62,290
2022-06-02₹ 61.62₹ 60,619
2022-06-01₹ 60.15₹ 60,145
2022-05-31₹ 61.03₹ 61,030
2022-05-30₹ 61.42₹ 61,418
2022-05-29₹ 62.61₹ 61,608
2022-05-28₹ 62.61₹ 61,608
2022-05-27₹ 61.12₹ 61,125
2022-05-26₹ 61.09₹ 61,091
2022-05-25₹ 61.38₹ 61,378
2022-05-24₹ 60.42₹ 60,417
2022-05-23₹ 61.30₹ 61,302
2022-05-22₹ 61.69₹ 60,688
2022-05-21₹ 61.69₹ 60,688
2022-05-20₹ 61.83₹ 60,832
2022-05-19₹ 60.54₹ 59,538
2022-05-18₹ 60.97₹ 59,968
2022-05-17₹ 60.26₹ 60,264
2022-05-16₹ 59.92₹ 58,918
2022-05-15₹ 59.65₹ 58,651
2022-05-14₹ 59.65₹ 58,651
2022-05-13₹ 58.63₹ 57,627
2022-05-12₹ 60.91₹ 59,913
2022-05-11₹ 59.93₹ 58,929
2022-05-10₹ 61.53₹ 60,533
2022-05-09₹ 62.60₹ 61,598
2022-05-08₹ 62.69₹ 61,696
2022-05-07₹ 62.69₹ 61,696
2022-05-06₹ 62.51₹ 61,512
2022-05-05₹ 63.70₹ 62,701
2022-05-04₹ 62.96₹ 61,957
2022-05-03₹ 62.41₹ 62,407
2022-05-02₹ 62.23₹ 62,230
2022-05-01₹ 64.46₹ 64,466
2022-04-30₹ 64.46₹ 64,466
2022-04-29₹ 65.54₹ 64,547
2022-04-28₹ 64.44₹ 64,448
2022-04-27₹ 65.84₹ 64,846
2022-04-26₹ 65.01₹ 65,012
2022-04-25₹ 66.14₹ 66,136
2022-04-24₹ 66.24₹ 66,239
2022-04-23₹ 66.24₹ 66,238
2022-04-22₹ 67.60₹ 66,594
2022-04-21₹ 69.79₹ 68,786
2022-04-20₹ 69.72₹ 68,715
2022-04-19₹ 71.61₹ 70,608
2022-04-18₹ 71.72₹ 70,722
2022-04-17₹ 70.24₹ 70,243
2022-04-16₹ 70.24₹ 70,243
2022-04-15₹ 70.21₹ 70,209
2022-04-14₹ 70.06₹ 70,063
2022-04-13₹ 69.29₹ 69,287
2022-04-11₹ 68.50₹ 67,496
2022-04-10₹ 67.45₹ 67,451
2022-04-09₹ 67.45₹ 67,451
2022-04-08₹ 67.99₹ 66,988
2022-04-07₹ 66.38₹ 66,371
2022-04-06₹ 66.81₹ 65,811
2022-04-05₹ 66.36₹ 66,359
2022-04-04₹ 67.17₹ 67,162
2022-04-03₹ 67.05₹ 67,050
2022-04-02₹ 67.05₹ 67,049
2022-04-01₹ 68.51₹ 67,505
2022-03-31₹ 67.44₹ 67,436
2022-03-30₹ 67.12₹ 67,122
2022-03-29₹ 68.64₹ 67,639
2022-03-28₹ 70.67₹ 69,666
2022-03-27₹ 70.79₹ 69,791
2022-03-26₹ 70.79₹ 69,792
2022-03-25₹ 70.82₹ 69,817
2022-03-24₹ 69.10₹ 69,102

Historical Price of Silver Rate In Lakshadweep

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

Silver Rates1 gram1 Kg
June 1st Rate59.3459,342
June 26th Rate60.1560,145
Highest June Rate62.2962,290
Lowest June Rate59.8858,880

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

Silver Rates1 gram1 Kg
May 1st Rate61.0361,030
May 31th Rate64.4664,466
Highest May Rate64.4664,466
Lowest May Rate58.6357,627

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

Silver Rates1 gram1 Kg
April 1st Rate64.4664,466
April 30th Rate68.5167,505
Highest April Rate71.7270,722
Lowest April Rate64.4464,448

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

Silver Rates1 gram1 Kg
March 1st Rate67.4467,436
March 31th Rate66.0666,058
Highest March Rate73.6172,614
Lowest March Rate66.0666,058

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

Silver Rates1 gram1 Kg
February 1st Rate66.8265,820
February 28th Rate60.0960,091
Highest February Rate66.9665,954
Lowest February Rate60.0560,051

Introduction

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.

FAQs

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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