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Today’s silver rate across all major cities in India
17 Jan 2021
( Per Gram )
Silver Rates In Punjab for Last 90 Days
Trend of Silver Rate in Punjab for October 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Punjab for November 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Punjab for December 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Punjab for January 2021 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Punjab for September 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Punjab for August 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Punjab for July 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Punjab for June 2020 (Rates per gram for 1Gram / 1Kg Silver)
Punjab has been the food source of our country with its abundant fertile land and hard working residents. The state is home to a vibrant culture and is also connected to the ancient civilizations of India. Silver and gold both have been part of this rich culture of Punjab since the very beginning. Silver and gold thus have a very special status for the people of Punjab and has a huge demand for these precious metals.
Silver is the preferred option for personal use as well as from the investment perspective due to many reasons, the primary of them being the rate of silver. Silver rates are considerably lower as compared to that of gold and hence it makes it a cheaper option.
Silver is available in many forms and is often mixed with other metals like copper or nickel to make it durable in case of coins or jewellery. However, when silver is mixed with such metals it loses some of its purity level and is graded accordingly. These grades or purity levels are also a deciding factor in the final rate of silver.
Given below are all the details relating to the prices of silver, the various purity levels associated with it, the factors involved in the determination of the final rate of silver and more.
The rate of silver in any part of the country or even globally is constantly changing on a daily basis. These rates are derived based on various influencing factors that play a key role in the determining the final price of the metal.
The current rates of silver in the state of Punjab are mentioned below.
Daily Silver Rates in Punjab
Silver Rate – 10 Gram (Rs.)
Silver Rate – 100 Gram (Rs.)
Silver Rate – 1 KG (Rs.)
31st Oct 2020
30th Oct 2020
29th Oct 2020
28th Oct 2020
27th Oct 2020
26th Oct 2020
25th Oct 2020
24th Oct 2020
23rd Oct 2020
22nd Oct 2020
21st Oct 2020
20th Oct 2020
19th Oct 2020
18th Oct 2020
17th Oct 2020
16th Oct 2020
15th Oct 2020
14th Oct 2020
The rates of silver for the past month of October 2020 are discussed below.
Rate Per Kg
Opening rate of Silver in the month of October 2020
Closing Rate of Silver for the month of October 2020
Highest rate of Silver in October 2020
Rs. 63,800 as on October 12
Lowest rate of Silver in October 2020
Rs. 62,200 as on October 7
The overall trend for silver in the month of October was on the increasing side in sync with the gold prices and silver prices globally. There was a net increase in the prices of silver in the state of Punjab for the month of October 2020.
As mentioned above, there are many factors that influence the global as well as national rate of silver on a daily basis. These factors range from the incidental costs involved in extraction, processing and selling of silver to other external factors that directly influence the rates of this product.
Some of such factors are mentioned below.
These above factors directly affect the prices of silver and enable it to change on a daily basis. These rate fluctuations are of particular importance in the commodity market where silver is traded.
Silver can be traded on the MCX and the NCDEX. The contracts entered are in the base size of 1 kg. These contracts are not in the form of spot contracts and the delivery can therefore, not be made immediately upon sale.
Silver is often combined with other metals to produce a sturdy silver coin or silver jewellery or any other form of silver as required. These combinations lead to a reduction in the purity of the metal. The purity of metal is of great importance as it is also one of the factors influencing its ultimate prices. Customers can purchase silver of the desired purity and get proper certification and marking for the same accordingly on the metal.
The various grades of silver available in the market are explained below.
Customers have to ensure that they get the silver according to the piece they pay for and it has proper markings on the form acquired. The various forms of markings that are placed on silver ensure the customer that the metal purchased is authentic and also eases the resale process as marked and certified silver is easy to sell and provides the customer with maximum resale value.
The types of markings that are placed on silver are mentioned below.
Such markings are placed on all forms of silver mentioned below.
1. Where can silver be purchased from in Punjab?
Silver can be purchased from any of the following sources in Punjab
2. What is the primary reason for silver to be a better investment option as compared to gold?
Gold prices are extremely high as compared to that of silver. Customers can get almost a 1 kg of silver in the price that is similar to that of 10 grams of gold. Hence it makes it an attractive option for investment.
3. What are the points to be considered at the time of purchasing or selling silver?
The various points or factors to be considered at the time of making the purchase or sale decision of silver are mentioned below.
4. What was the price of silver at the beginning of the month?
The price of silver as on 1st October, 2020 was Rs. 60,700 per kg or Rs. 60.7 per gram.
5. Are silver prices constant across the globe?
No. Silver prices are dynamic and change on a daily basis.
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