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Today Silver Rates In Puducherry

25 Jul 2021

gold rate

₹67.20

( Per Gram )

gold rate

₹67198

1 Kg

TodayYesterdayChange(%)
1 gram67.2067.25-0.07%
10 gram6719867244-0.07%

Silver Rates In Puducherry for Last 90 Days

25 Jul 2021

Date1 gramBar Silver 1KG
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
2021-05-0269.8468,841
2021-05-0169.8468,841
2021-04-3069.4369,433
2021-04-2970.0370,028
2021-04-2870.3470,336
2021-04-2770.1670,159
2021-04-2670.8069,797
2021-04-2570.8069,797

Historical Price of Silver Rate In Puducherry

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

Silver Rates1 gram1 Kg
February 1st Rate70.4070,400
February 28th Rate65.9964,992
Highest February Rate7675,996
Lowest February Rate65.9964,992

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

Silver Rates1 gram1 Kg
July 1st Rate67.2067,198
July 25th Rate70.5969,586
Highest July Rate71.770,700
Lowest July Rate67.6266,615

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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