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Today Silver Rates In Rajasthan

17 Jan 2021

gold rate

₹65.98

( Per Gram )

gold rate

₹65976

1 Kg

TodayYesterdayChange(%)
1 gram65.9865.970.02%
10 gram65976659680.01%

Silver Rates In Rajasthan for Last 90 Days

17 Jan 2021

Date1 gramBar Silver 1KG
2021-01-1766.9865,976
2021-01-1666.9765,968
2021-01-1568.2668,266
2021-01-1468.7767,772
2021-01-1368.9767,969
2021-01-1267.0567,056
2021-01-1168.9467,936
2021-01-1068.9467,936
2021-01-0967.6766,666
2021-01-0873.7972,783
2021-01-0772.1772,169
2021-01-0673.3973,383
2021-01-0572.2972,285
2021-01-0470.2370,227
2021-01-0370.2370,227
2021-01-0270.2370,227
2021-01-0170.9969,996
2020-12-3171.5970,596
2020-12-3070.8569,850
2020-12-2971.5270,518
2020-12-2869.4269,422
2020-12-2769.1569,148
2020-12-2669.1569,148
2020-12-2569.1769,170
2020-12-2469.1469,136
2020-12-2368.8667,857
2020-12-2270.4370,426
2020-12-2169.1669,163
2020-12-2069.1669,163
2020-12-1969.1869,178
2020-12-1870.5269,516
2020-12-1767.9966,992
2020-12-1666.5865,584
2020-12-1564.0664,061
2020-12-1464.3164,309
2020-12-1364.3164,309
2020-12-1264.4264,421
2020-12-1164.3364,329
2020-12-1064.6463,637
2020-12-0966.1566,148
2020-12-0866.1066,100
2020-12-0765.0265,020
2020-12-0665.0265,020
2020-12-0565.8764,874
2020-12-0464.4664,464
2020-12-0364.4364,436
2020-12-0264.0964,088
2020-12-0161.8260,819
2020-11-3059.2759,266
2020-11-0365.9164,905
2020-11-0264.7163,712
2020-11-0164.2564,244
2020-10-3164.2164,205
2020-10-3063.2063,202
2020-10-2963.1763,172
2020-10-2866.6565,654
2020-10-2766.5065,499
2020-10-2666.1366,127
2020-10-2566.1366,127
2020-10-2466.0466,042
2020-10-2366.2066,198
2020-10-2267.1467,136
2020-10-2166.3466,341
2020-10-2065.8064,793
2020-10-1965.6064,601
2020-10-1865.6064,601
2020-10-1765.8564,850
2020-10-1665.6864,680
2020-10-1565.8464,841
2020-10-1465.5764,579
2020-10-1367.0967,085
2020-10-1267.8166,806
2020-10-1167.8166,806
2020-10-1067.5366,531
2020-10-0964.7363,733
2020-10-0863.4963,487
2020-10-0763.3563,355
2020-10-0665.9064,899
2020-10-0563.2963,292
2020-10-0463.2963,292
2020-10-0364.6363,629
2020-10-0264.9263,926
2020-10-0163.6362,630
2020-09-3065.2765,265
2020-09-2964.5463,538
2020-09-2861.4461,444
2020-09-2761.4461,444
2020-09-2662.9061,899
2020-09-2562.5861,575
2020-09-2461.1561,147

Historical Price of Silver Rate In Rajasthan

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

Silver Rates1 gram1 Kg
October 1st Rate64.2164,205
October 31th Rate63.6362,630
Highest October Rate67.1467,136
Lowest October Rate63.6362,630

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

Silver Rates1 gram1 Kg
November 1st Rate59.2759,266
November 30th Rate64.2564,244
Highest November Rate65.9164,905
Lowest November Rate59.2759,266

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

Silver Rates1 gram1 Kg
December 1st Rate71.5970,596
December 31th Rate61.8260,819
Highest December Rate71.5970,596
Lowest December Rate61.8260,819

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

Silver Rates1 gram1 Kg
January 1st Rate66.9865,976
January 17th Rate70.9969,996
Highest January Rate73.3973,383
Lowest January Rate66.9765,968

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

Silver Rates1 gram1 Kg
September 1st Rate65.2765,265
September 30th Rate76.6275,624
Highest September Rate76.6275,624
Lowest September Rate61.1561,147

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

Silver Rates1 gram1 Kg
August 1st Rate75.6074,600
August 31th Rate67.5666,556
Highest August Rate79.479,401
Lowest August Rate66.2866,283

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

Silver Rates1 gram1 Kg
July 1st Rate64.2764,274
July 31th Rate50.0850,082
Highest July Rate71.6370,635
Lowest July Rate49.9348,929

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

Silver Rates1 gram1 Kg
June 25th Rate49.1249,119
June 30th Rate48.4048,396
Highest June Rate49.1249,119
Lowest June Rate48.448,396

Introduction

Rajasthan is termed as the land of riches. It has been home to many royal houses in the past, and continues that tradition even today. When one thinks of Rajasthan, one cannot but conjure up images of palatial palaces and royal courts. The rich heritage of the state and the lavish lifestyle of the royals have resulted in a constantly huge demand for the precious metals like silver and gold and other precious stones.

Silver is a crucial part of the culture for not only ornamental purposes but also for ritualistic purposes. Silver is of great importance and is often offered in the traditional ceremonies as well as a form of auspicious gift. Due to the above reasons coupled with the fact that silver is an excelled investment option, the demand for silver is always high in the state of Rajasthan.

Given below are the current prices of silver in the country’s royal state and the other factors that have to be considered while purchasing and selling silver or investing in silver.

Latest Prices of Silver in Rajasthan

The current trend of the rate of silver in the state of Rajasthan is on the increasing side. With the market being unstable due to the rise in the COVID-19 cases and the overall uncertainty in the global and the national markets, silver prices along with gold have been on the rise as it is considered as a relatively safer and stable form of investment in the current scenario.

The current rate of silver in Rajasthan is tabled below.

Daily Silver Rates in Rajasthan

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

Highlights of Silver Rates in the Past Month

Silver rate in the month of October 2020 saw an increasing trend as is the case since the start of the current pandemic. Silver and Gold have been perceived as a safer and steady mode of investment as compared to the volatility in the money market or the equity market. The highest price of silver in the past month was Rs. 63,800 per kg or Rs. 63.8 per gram whereas the lowest price was Rs. 60,200 per kg or Rs. 60.2 per gram. The metal saw a net increase in the prices for the month with the closing rate of Rs. 61,000 per kg or Rs. 61 per gram.

Silver as an Investment

Silver and Gold, as mentioned above, have proved to be a safer and steadier option for investment in the current market scenario. Customers have also traditionally preferred these metals for investment purposes as the return on investment is usually higher and the commodity market is less volatile for these metals.

Silver can be used for personal as well as industrial or commercial purposes. Also, the prices of silver as compared to gold are quite cheaper and silver is available abundantly. These features make it an attractive investment option.

Silver is graded in various purity levels based on which the prices of silver are determined along with other relevant factors. Customers have to face a reduction in the value of silver to the extent of about 15% of its value on account of marking cost or other metals or precious stones embedded in it. It is therefore advisable to invest in the following forms of silver to ensure maximum resale value or return on investment.

  • Silver Coins
  • Silver Bars
  • Silver Bullions
  • Silver Ingots

Factors influencing Prices of Silver

Silver rates are dynamic in nature and change constantly. There are many factors that affect the rates of silver and change them on a day to day basis. These factors are mentioned below.

Demand for Silver 

The demand for silver is the driving force for the prices of silver. This demand includes the personal as well as industrial demand for the metal.

External factors

There are many external factors that affect the prices of silver. these factors range from like geo-political situations, increase in crude oil prices, change in the Government policies or the import and export policies, dollar fluctuations

Associated Costs

The associated costs or the ancillary costs add to the final price of the product and increase it. These associated costs are mining costs, import costs, storage and warehousing costs, marking costs, etc.

Gold prices

The gold prices in the market are also another factor that influences the rate of silver. Silver prices generally follow the trend followed by the gold prices.

Inflation

Inflation of any country has a direct impact on the silver rates. They are in direct correlation which means that an increase in the inflation will result in the increase in silver rates.

Purity of Silver

Silver is graded based on its purity and accordingly priced in the market. Silver having the highest purity level is priced highest as compared to silver in combination with other metals which reduces its purity level. The highest purity level of silver is denoted by 9999 mark which means that silver is 99.9% pure.

There are many tests as well that the sellers or jewelers use to determine the purity of silver prima facie. These tests are mentioned below.

  • Ice test is performed on silver where an ice cube can be placed on the silver coin or bar and if the ice melts faster, then silver is considered to be pure.
  • Another test is the stink test as sterling silver does not have any odor so if the silver presented for the test has some stink then such silver is not pure.
  • Magnet test is also done on silver to determine its purity. If the silver presented for the test is attracted to the magnet or sticks to the magnet it is not pure.

FAQs – Silver rate in Rajasthan

1. What are the various grades and purity levels attached/allotted to silver?

The various grades or levels of purity 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

2. What are the various forms in which silver is available to customers?

Silver is available in various forms like,

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

3. Is certification important while purchasing silver?

Yes. Proper certification ensures that the customers get the best resale price for silver and the silver purchased is authentic and genuine as well as of the certified purity as marked on the metal.

4. What are the factors to be considered while purchasing silver?

The various factors to be considered while purchasing silver are mentioned below.

  • Changing rates of silver
  • Form of silver to be purchased and the purpose of purchasing silver.
  • Buying silver from trusted and authenticated sources especially when buying in larger quantities.
  • Ensuring proper certification of the silver to be purchased along with all the necessary markings to authenticate the purity of the metal and the genuineness of the purchase.

5. Can silver be used as an investment tool?

Yes. Silver can be used as an investment tool as it is cheaper and abundantly available.

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