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Today Silver Rates In Mizoram

25 Jun 2022

silver rate today india

₹58.88

( Per Gram )

silver price today

₹58880

1 Kg

Silver Price TodaySilver Rate YesterdayChange(%)
1 gram58.8859.98-1.87%
10 gram5888059976-1.86%

Silver Rates In Mizoram for Last 90 Days

25 Jun 2022

Date1 gramBar Silver 1KG
2022-06-24₹ 59.88₹ 58,880
2022-06-23₹ 60.98₹ 59,976
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₹ 60.11₹ 60,107
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₹ 60.85₹ 59,854
2022-05-11₹ 59.93₹ 58,929
2022-05-10₹ 60.46₹ 60,460
2022-05-09₹ 62.60₹ 61,598
2022-05-08₹ 62.69₹ 61,696
2022-05-07₹ 62.69₹ 61,696
2022-05-06₹ 62.68₹ 61,680
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₹ 65.85₹ 64,856
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₹ 66.45₹ 66,444
2022-04-21₹ 69.79₹ 68,786
2022-04-20₹ 69.89₹ 68,892
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
2022-03-23₹ 67.44₹ 67,436

Historical Price of Silver Rate In Mizoram

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

Silver Rates1 gram1 Kg
June 1st Rate59.8858,880
June 24th Rate60.1560,145
Highest June Rate62.2962,290
Lowest June Rate59.8858,880

Trend of Silver Rate in Mizoram 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 Mizoram 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 Mizoram 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 Mizoram 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

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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