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Today Silver Rates In Puducherry

17 Jan 2021

gold rate

₹64.96

( Per Gram )

gold rate

₹64964

1 Kg

TodayYesterdayChange(%)
1 gram64.9664.950.02%
10 gram64964649560.01%

Silver Rates In Puducherry for Last 90 Days

17 Jan 2021

Date1 gramBar Silver 1KG
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
2020-12-3069.7868,777
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
2020-10-0162.6761,669
2020-09-3064.2664,264
2020-09-2963.5662,563
2020-09-2861.5060,501
2020-09-2761.5060,501
2020-09-2661.9560,949
2020-09-2561.6360,630
2020-09-2460.2160,209

Historical Price of Silver Rate In Puducherry

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

Silver Rates1 gram1 Kg
January 1st Rate65.9664,964
January 17th Rate69.9268,922
Highest January Rate72.2672,257
Lowest January Rate65.9564,956

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

Silver Rates1 gram1 Kg
July 1st Rate63.2863,287
July 31th Rate49.3149,314
Highest July Rate70.5569,551
Lowest July Rate48.1848,178

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

Silver Rates1 gram1 Kg
June 25th Rate48.3748,365
June 30th Rate48.6647,653
Highest June Rate48.3748,365
Lowest June Rate48.6647,653

Introduction

Silver has traditionally held a place of importance in the Indian market. Silver and gold are not only purchased or used for ritualistic purposes but also for ornamental purposes and as gifts to friends and family. Silver is thus considered as a very important commodity that can be used as an investment tool other than that for personal use.

The various details associated with silver like the rate of silver in Puducherry as well as factors associated with purchase of silver or affecting the prices of silver are discussed in depth on this page.

Rate of Silver in Puducherry

The rates of silver are affected by many factors and change or fluctuate on a daily basis. The prices of silver have to be thus tracked on a daily basis in order to get the best prices of silver and to know the most appropriate time to invest in silver.

Silver rates are measured based on its weight. The current rate of silver in Puducherry is tabled below.

Daily Silver Rates in Puducherry

Silver Rate – 10 Gram (Rs.)

Silver Rate – 100 Gram (Rs.)

Silver Rate – 1 KG (Rs.)

31st Oct 2020

610

6100

61000

30th Oct 2020

602

6020

60200

29th Oct 2020

624.1

6241

62410

28th Oct 2020

624

6240

62400

27th Oct 2020

621

6210

62100

26th Oct 2020

615

6150

61500

25th Oct 2020

625

6250

62500

24th Oct 2020

625

6250

62500

23rd Oct 2020

626

6260

62600

22nd Oct 2020

630

6300

63000

21st Oct 2020

635

6350

63500

20th Oct 2020

620

6200

62000

19th Oct 2020

627.5

6275

62750

18th Oct 2020

617

6170

61700

17th Oct 2020

617

6170

61700

16th Oct 2020

616

6160

61600

15th Oct 2020

610

6100

61000

14th Oct 2020

620

6200

62000

Silver prices in Puducherry are affected by the neighboring megacities of Bengaluru and Chennai. The local demand for silver in Puducherry is also significant. These factors drive the prices of silver on the higher side coupled with many other factors.

Puducherry has many sources where the customers can purchase their silver. Such purchase can be for personal use or as an investment. The most commonly available forms of silver that can be acquired by customers are mentioned below.

  • Silver coins
  • Silver jewellery
  • Silver bars and bullions
  • Silver household items

When silver is purchased with the intent of investment, it is purchased generally in bulk quantities and in the form of coins or bars and bullions. The available weights and lot sizes in case of coins start from 1 gram and range up to 1 kg. In case of bars, the lot sizes start from 1 kg to 10 kg bars.

Silver can also be traded as a commodity on the MCX and NCDEX. Customers can enter into or undertake future contacts in the lot sizes of 1 kg for such trade. These contracts unlike spot contracts cannot be delivered immediately or instantly upon sale of silver.

Understanding the Purity of Silver

Purity of silver is one of the most crucial factors to be considered while purchasing silver. Purity of silver ensures that the customers get maximum returns on the silver purchased and can be easily traded as well. There are various marks placed on the metal to authenticate it. These markings are mentioned below.

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

 

Customers can purchase genuine and authenticated silver with all the essential markings through any of the following authorized sources.

  • Authorized sellers
  • Jewellers
  • Banks
  • E-commerce portals

The various grades of purity that can be associated with silver 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

Points to be Considered while Purchasing/Selling Silver

There are various factors that have to be considered while purchasing silver in order to ensure that the customers get the best product at the best prices and that they are not duped of their hard earned money.

Some of these factors are mentioned below.

Trend of silver prices

Customers have to observe the current trend of silver prices before making the purchase of the metal. This is to ensure that they get the best price and buy silver at the correct time. If the price is on a decreasing trend they can hold off the selling of silver as they may incur a loss but buying at such time is a good option as they can get better returns at the time of increasing trend in the prices of silver.

Source of purchase

The source of purchasing silver has to be genuine so as to ensure that the customers get the authentic product with certified purity. The trusted sources of such authentic and certified silver are the banks, jewelers, dealers, etc. E-commerce portals are also another source of purchasing silver but the customers have to beware of fraudulent websites and fake silver or silver of lesser purity than what the customer has paid for.

Certification of silver

Customers have to ensure proper certification and markings on the metal in order to ensure that the price for the silver is justified and the product received by them is not fake. The necessary markings that have to be present on any silver coins or silver in any other form are mentored above.

Purpose of purchase

The purpose of purchasing silver is another important factor that has to be considered by the customer. If silver is to be bought for personal use, the quantities can be in retail as well as in any form as desired by them. When silver is purchased for investment, it is preferred to be in the form of coins or bars and bullions to get maximum returns on investment.

FAQs – Silver rate in Puducherry

1. What are the factors affecting silver prices?

The various factors affecting silver prices are mentioned below

  • Industrial and Personal Demand
  • Demand fluctuations
  • Import Costs
  • Storage costs
  • Geo-political scenarios
  • Mining Costs
  • Increase in Crude Oil prices
  • Government policies
  • Import and Export policies
  • Dollar fluctuations
  • Gold prices
  • Inflation

2. What is the cost of 1 kg silver on 31st October, 2020?

The cost of 1 kg silver as on 31st October 2020 is Rs. 61000.

3. What is the highest grade of silver that can be available to the customers?

The highest grade of silver that can be available to the customers is of 999.9 fineness. It means that the silver is 99.9% pure and in the purest forms available.

4. What is the best form of silver for investment purposes?

The best form of silver available for investment purposes is in the form of coins or bars or bullions as they have the maximum return on investment value. There is no unnecessary dilution of value on account of embedded stones or other metals or marking or melting costs associated with it.

5. How can a person trade in silver?

A person can trade in silver through the futures market or commodity market. Customers can trade silver through an ETF in the US market or MCX and NCDEX. The contract sizes are available in the lots of 1 kg silver and such contracts are not spot contracts.

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