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Today Silver Rates In Puducherry

26 Jun 2022

silver rate today india

₹59.34

( Per Gram )

silver price today

₹59342

1 Kg

Silver Price TodaySilver Rate YesterdayChange(%)
1 gram59.3458.880.78%
10 gram59342588800.78%

Silver Rates In Puducherry for Last 90 Days

26 Jun 2022

Date1 gramBar Silver 1KG
2022-06-26₹ 59.34₹ 59,342
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₹ 61.84₹ 60,838
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₹ 61.81₹ 60,809
2022-05-19₹ 60.54₹ 59,538
2022-05-18₹ 60.97₹ 59,968
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₹ 60.91₹ 59,913
2022-05-11₹ 59.93₹ 58,929
2022-05-10₹ 61.53₹ 60,533
2022-05-09₹ 62.50₹ 61,506
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₹ 65.84₹ 64,846
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₹ 67.60₹ 66,594
2022-04-21₹ 69.79₹ 68,786
2022-04-20₹ 69.72₹ 68,715
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₹ 67.23₹ 67,230
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

Historical Price of Silver Rate In Puducherry

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

Silver Rates1 gram1 Kg
June 1st Rate59.3459,342
June 26th Rate60.1560,145
Highest June Rate62.2962,290
Lowest June Rate59.8858,880

Trend of Silver Rate in Puducherry 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 Puducherry 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 Puducherry 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 Puducherry 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

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.

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 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.

3. 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.

4. 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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