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Today Silver Rates In Mizoram

02 Aug 2021

gold rate

₹67.98

( Per Gram )

gold rate

₹67977

1 Kg

TodayYesterdayChange(%)
1 gram67.9867.980.00%
10 gram67977679770.00%

Silver Rates In Mizoram for Last 90 Days

02 Aug 2021

Date1 gramBar Silver 1KG
2021-08-0268.9867,977
2021-08-0168.9867,977
2021-07-3168.7467,742
2021-07-3068.1568,152
2021-07-2967.5366,524
2021-07-2866.1066,100
2021-07-2767.2667,257
2021-07-2667.2067,198
2021-07-2567.2067,198
2021-07-2467.2567,244
2021-07-2368.8167,813
2021-07-2267.4867,476
2021-07-2167.6266,615
2021-07-2067.3567,349
2021-07-1969.6968,691
2021-07-1869.7068,696
2021-07-1769.7268,715
2021-07-1670.3870,381
2021-07-1570.0070,003
2021-07-1470.5469,540
2021-07-1370.0870,078
2021-07-1270.7169,711
2021-07-1170.7169,711
2021-07-1070.9269,918
2021-07-0970.5169,508
2021-07-0870.1870,183
2021-07-0770.1970,187
2021-07-0671.5170,513
2021-07-0571.6670,666
2021-07-0471.6670,666
2021-07-0371.7070,700
2021-07-0270.6269,623
2021-07-0170.5969,586
2021-06-3069.7168,712
2021-06-2970.5469,543
2021-06-2869.4969,484
2021-06-2769.4569,450
2021-06-2669.2769,274
2021-06-2569.1269,123
2021-06-2469.9868,977
2021-06-2369.8168,806
2021-06-2269.1369,129
2021-06-1969.8068,798
2021-06-1869.1569,153
2021-06-1772.3272,323
2021-06-1673.7572,748
2021-06-1573.1273,127
2021-06-1473.3273,321
2021-06-1373.3273,321
2021-06-1273.4273,422
2021-06-1173.1573,152
2021-06-1073.8572,855
2021-06-0972.3672,363
2021-06-0873.9172,908
2021-06-0773.6772,676
2021-06-0673.6772,676
2021-06-0573.5672,560
2021-06-0472.9071,906
2021-06-0374.6473,642
2021-06-0273.9972,993
2021-06-0173.9072,905
2021-05-3172.4872,479
2021-05-3072.4872,479
2021-05-2972.2772,273
2021-05-2873.6172,613
2021-05-2772.1672,163
2021-05-2673.0373,033
2021-05-2573.5172,517
2021-05-2472.0572,054
2021-05-2372.0572,054
2021-05-2272.0972,091
2021-05-2173.6572,649
2021-05-2072.2272,218
2021-05-1974.9273,926
2021-05-1874.0074,009
2021-05-1772.0572,051
2021-05-1672.0572,051
2021-05-1572.9371,927
2021-05-1471.3471,343
2021-05-1372.6271,619
2021-05-1273.5672,560
2021-05-1172.9571,947
2021-05-1072.1472,141
2021-05-0972.1472,141
2021-05-0872.1172,108
2021-05-0772.1172,111
2021-05-0670.0570,054
2021-05-0570.9969,994
2021-05-0471.1571,150
2021-05-0369.8468,841

Historical Price of Silver Rate In Mizoram

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

Silver Rates1 gram1 Kg
March 1st Rate63.9162,913
March 31th Rate70.4070,400
Highest March Rate70.4470,439
Lowest March Rate63.9162,913

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

Silver Rates1 gram1 Kg
April 1st Rate69.4369,433
April 30th Rate64.0164,015
Highest April Rate72.6471,642
Lowest April Rate64.0164,015

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

Silver Rates1 gram1 Kg
May 1st Rate72.4872,479
May 31th Rate69.8468,841
Highest May Rate7474,009
Lowest May Rate69.8468,841

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

Silver Rates1 gram1 Kg
June 1st Rate69.7168,712
June 30th Rate73.9072,905
Highest June Rate74.6473,642
Lowest June Rate69.7168,712

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

Silver Rates1 gram1 Kg
July 1st Rate68.7467,742
July 31th Rate70.5969,586
Highest July Rate71.770,700
Lowest July Rate66.166,100

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

Silver Rates1 gram1 Kg
August 1st Rate68.9867,977
August 2nd Rate68.9867,977
Highest August Rate68.9867,977
Lowest August Rate68.9867,977

Introduction

Mizoram is a north eastern state in India and has a rich culture and heritage. The state has traditionally had a huge demand for silver and gold since ancient times not only in the form of jewellery but also in the form of ornaments used in various religious ceremonies and traditions.

When compared with other precious metals like gold, silver is found in abundance. It’s procured by a labour intensive mining process. Silver is a precious metal that is used for a variety of purposes. It is used for multiple purposes like personal use, medicinal purposes or even industrial purposes. This makes it a very sought after product all over the world with many factors influencing its prices.

Given below are the details of the rates of silver in the state of Mizoram.

Prices of Silver in Mizoram

Prices of silver as mentioned above are influenced by many factors. They are very dynamic in nature and are ever changing.

Silver rates being dynamic have to be tracked on daily basis to ensure maximum return of investment made in silver or to purchase it at the best possible rate.

Silver rates have been on an increasing trend since many years and have increased exponentially especially in recent times. However, recently the rates of silver and gold had slashed dramatically due to the announcement of a vaccine for COVID-19 being introduced in the market for people at large.

Factors that Affect Silver Rates in Mizoram

Silver prices are affected by many factors that influence it on daily basis. Such factors are multifaceted and have direct or indirect relationship with this precious metal. Customers have to regularly keep track of the silver rates to purchase it at the best price.

Following are the factors affecting the rates of silver on daily basis and influence it to change.

Internal Factors

  • Demand for silver in all its form whether personal, medicinal, industrial or commercial has to be considered to determine the prices of silver
  • Demand fluctuations which include the increase or decrease in the demand for silver in all its forms and across all the demand formats mentioned above are also to be considered for determining the silver prices.
  • Supply of silver in the market is another factor affecting silver prices.
  • Ancillary costs like Import Costs, Storage costs, Mining Costs, warehousing costs, etc. are directly associated with silver and are in direct proportion to the silver prices

External factors

  • Geo-political scenarios
  • Increase in Crude Oil prices
  • Government policies
  • Import and Export polices
  • Dollar fluctuations
  • Gold prices
  • Inflation

Points to be considered while purchasing Silver

While purchasing silver there are many factors that have to be considered to ensure that the customers get silver of desired purity levels and at optimum prices.

These factors also help customers to buy silver in the form that ensures maximum return or resale value at the time of sale of such silver.

Some of the important factors or points that have to be noted while purchasing silver are mentioned below.

  • Purpose of purchasing silver whether for personal use or for investment purposes
  • Changing rates of silver on daily basis
  • Form in which silver has to be purchased (whether silver coins, silver bars silver bullions, silver jewellary or silver household items)
  • Buying silver from a trusted and certified source to ensure the authenticity of purchase especially when buying in larger quantities for investment reasons.
  • Ascertaining that silver purchased has all the proper certification and the necessary markings that validate the purity of the metal and the genuineness of the purchase.

Interpreting the Purity of Silver

Silver is graded and priced based on its purity. When silver is nit mixed or combined with any other metal it is considered to be pure. The purity of silver is ascertained in terms of percentage and the purest form of silver is 99.9%. It refers to the metal being free of any contamination, adulteration or in combination with any other metal.

The purity levels of silver available in market are tabled below.

Grade

Fineness

9999

999.9

9995

999.5

999

999.0

990

990.0

970

970.0

925

925.0

900

900.0

835

835.0

800

800.0

FAQs - Silver Rates in Mizoram

1. Can a person invest in silver?

Yes. Silver is a very good instrument of investment as it is considered to be a stable investment option. Customers can also trade in silver in the ETF or Exchange Trade Funds. Such ETF is not available in the Indian Market. Hence customers can trade in the ETF available in US market by registering for the same through a recognized stock broker. Silver can also be traded in futures and commodity market.

2. What are the lot sizes of silver while trading on the futures or commodity market?

Silver is traded on futures and commodity market in lot sizes of 1 kg each. These contracts are in the nature of spot contracts. The delivery of these contracts is not done on immediate basis.

3. What is the best form of silver for investment?

Silver available in the form of coins or bars or bullions is the best form for investment purposes. Customers get maximum return on investment value in such forms. There is no unnecessary reduction of value on account of precious stones or other metals imbibed in silver.

4. What makes silver a better investment option than gold in markets?

Silver is a relatively cheaper mode of investment as compared to gold. Customers can therefore buy silver in bulk for investment purposes. Also, silver is available in abundance and is a versatile product. These are some of the main reasons that silver is a preferred more as compared to gold in markets.

5. What are the various forms of silver available in market?

Silver is available in many forms like silver coins, silver bars, silver bullions, silver jewellary or silver household items. Silver in any form has to be purchased through trusted and certified sources like Authorized sellers, Jewelers, Banks or E-commerce portals. The silver purchased from these sources should have the following markings for it to be authentic.

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

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