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Today Silver Rates In Mizoram

25 Jan 2021

gold rate

₹64.99

( Per Gram )

gold rate

₹64992

1 Kg

TodayYesterdayChange(%)
1 gram64.9964.990.00%
10 gram64992649920.00%

Silver Rates In Mizoram for Last 90 Days

25 Jan 2021

Date1 gramBar Silver 1KG
2021-01-2565.9964,992
2021-01-2465.9964,992
2021-01-2365.9964,992
2021-01-2265.9964,992
2021-01-2165.9964,992
2021-01-2065.9964,992
2021-01-1965.9964,992
2021-01-1865.9964,992
2021-01-1765.9664,964
2021-01-1665.9564,956
2021-01-1567.2267,218
2021-01-1467.7366,732
2021-01-1367.9366,926
2021-01-1266.0366,027
2021-01-1167.9066,894
2021-01-1067.9066,894
2021-01-0966.6365,624
2021-01-0872.6771,667
2021-01-0771.0671,062
2021-01-0672.2672,257
2021-01-0571.1871,176
2021-01-0469.1569,149
2021-01-0369.1569,149
2021-01-0269.1569,149
2021-01-0169.9268,922
2020-12-3170.5169,512
2020-12-3069.7868,778
2020-12-2969.4469,436
2020-12-2868.3668,356
2020-12-2768.0968,087
2020-12-2668.0968,087
2020-12-2568.1168,109
2020-12-2468.0868,075
2020-12-2367.8266,816
2020-12-2269.3569,345
2020-12-2168.1068,102
2020-12-2068.1068,102
2020-12-1968.1268,116
2020-12-1868.4568,449
2020-12-1766.9765,964
2020-12-1665.5764,578
2020-12-1563.0763,078
2020-12-1463.3263,322
2020-12-1363.3263,322
2020-12-1263.4363,432
2020-12-1163.3463,342
2020-12-1063.6662,661
2020-12-0965.1465,133
2020-12-0865.0965,086
2020-12-0764.0264,022
2020-12-0664.0264,022
2020-12-0564.8763,879
2020-12-0463.4763,474
2020-12-0363.4463,447
2020-12-0263.1063,105
2020-12-0160.8559,848
2020-11-3058.3658,356
2020-11-0364.9163,909
2020-11-0263.7362,734
2020-11-0163.2663,258
2020-10-3163.2263,220
2020-10-3062.2362,232
2020-10-2962.2062,202
2020-10-2865.6464,647
2020-10-2764.4964,494
2020-10-2665.1265,112
2020-10-2565.1265,112
2020-10-2465.0265,028
2020-10-2365.1965,183
2020-10-2266.1166,106
2020-10-2165.3365,323
2020-10-2064.8063,799
2020-10-1964.6163,610
2020-10-1864.6163,610
2020-10-1764.8563,855
2020-10-1664.6863,688
2020-10-1564.8463,846
2020-10-1464.5863,588
2020-10-1366.0666,056
2020-10-1266.7965,781
2020-10-1166.7965,781
2020-10-1066.5165,510
2020-10-0963.7562,755
2020-10-0863.5162,513
2020-10-0762.3862,383
2020-10-0664.9063,903
2020-10-0562.3262,321
2020-10-0462.3262,321
2020-10-0363.6562,653
2020-10-0263.9462,945

Historical Price of Silver Rate In Mizoram

Trend of Silver Rate in Mizoram for October 2020 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
October 1st Rate63.2263,220
October 31th Rate62.6761,669
Highest October Rate66.1166,106
Lowest October Rate62.6761,669

Trend of Silver Rate in Mizoram for November 2020 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
November 1st Rate58.3658,356
November 30th Rate63.2663,258
Highest November Rate64.9163,909
Lowest November Rate58.3658,356

Trend of Silver Rate in Mizoram for December 2020 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
December 1st Rate70.5169,512
December 31th Rate60.8559,848
Highest December Rate70.5169,512
Lowest December Rate60.8559,848

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

Silver Rates1 gram1 Kg
January 1st Rate65.9964,992
January 25th Rate69.9268,922
Highest January Rate72.2672,257
Lowest January Rate65.9564,956

Trend of Silver Rate in Mizoram for September 2020 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
September 1st Rate64.2664,264
September 30th Rate74.4674,464
Highest September Rate74.4674,464
Lowest September Rate60.2160,209

Trend of Silver Rate in Mizoram for August 2020 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
August 1st Rate73.4573,455
August 31th Rate66.5465,535
Highest August Rate78.1878,183
Lowest August Rate65.2765,266

Trend of Silver Rate in Mizoram for July 2020 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
July 3rd Rate63.2863,287
July 31th Rate48.1848,178
Highest July Rate70.5569,551
Lowest July Rate48.1848,178

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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