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Today Silver Rates In Tamil nadu

21 May 2022

silver rate today india

₹58.96

( Per Gram )

silver price today

₹58954

1 Kg

Silver Price TodaySilver Rate YesterdayChange(%)
1 gram58.9659.07-0.19%
10 gram5895459071-0.20%

Silver Rates In Tamil nadu for Last 90 Days

21 May 2022

Date1 gramBar Silver 1KG
2022-05-21₹ 59.96₹ 58,954
2022-05-20₹ 59.07₹ 59,071
2022-05-19₹ 58.84₹ 57,837
2022-05-18₹ 58.26₹ 58,255
2022-05-17₹ 59.54₹ 58,542
2022-05-16₹ 57.24₹ 57,234
2022-05-15₹ 57.97₹ 56,975
2022-05-14₹ 57.97₹ 56,975
2022-05-13₹ 56.98₹ 55,980
2022-05-12₹ 58.14₹ 58,144
2022-05-11₹ 57.25₹ 57,245
2022-05-10₹ 59.73₹ 58,733
2022-05-09₹ 60.84₹ 59,838
2022-05-08₹ 60.93₹ 59,933
2022-05-07₹ 60.93₹ 59,933
2022-05-06₹ 60.75₹ 59,755
2022-05-05₹ 61.91₹ 60,909
2022-05-04₹ 60.19₹ 60,187
2022-05-03₹ 61.63₹ 60,624
2022-05-02₹ 60.45₹ 60,452
2022-05-01₹ 63.62₹ 62,625
2022-04-30₹ 63.62₹ 62,625
2022-04-29₹ 63.67₹ 62,672
2022-04-28₹ 63.60₹ 62,607
2022-04-27₹ 63.00₹ 63,003
2022-04-26₹ 63.16₹ 63,154
2022-04-25₹ 64.25₹ 64,246
2022-04-24₹ 64.34₹ 64,347
2022-04-23₹ 64.34₹ 64,346
2022-04-22₹ 65.69₹ 64,691
2022-04-21₹ 67.82₹ 66,820
2022-04-20₹ 67.76₹ 66,751
2022-04-19₹ 69.59₹ 68,590
2022-04-18₹ 69.70₹ 68,701
2022-04-17₹ 68.23₹ 68,236
2022-04-16₹ 68.23₹ 68,236
2022-04-15₹ 68.20₹ 68,203
2022-04-14₹ 68.06₹ 68,061
2022-04-13₹ 67.31₹ 67,308
2022-04-11₹ 66.57₹ 65,568
2022-04-10₹ 66.52₹ 65,524
2022-04-09₹ 66.52₹ 65,524
2022-04-08₹ 65.07₹ 65,074
2022-04-07₹ 64.48₹ 64,475
2022-04-06₹ 64.93₹ 63,930
2022-04-05₹ 64.46₹ 64,463
2022-04-04₹ 65.25₹ 65,243
2022-04-03₹ 65.13₹ 65,134
2022-04-02₹ 65.13₹ 65,133
2022-04-01₹ 66.58₹ 65,577
2022-03-31₹ 66.51₹ 65,510
2022-03-30₹ 65.20₹ 65,204
2022-03-29₹ 66.71₹ 65,706
2022-03-28₹ 68.68₹ 67,675
2022-03-27₹ 68.80₹ 67,797
2022-03-26₹ 68.80₹ 67,798
2022-03-25₹ 68.82₹ 67,822
2022-03-24₹ 67.12₹ 67,128
2022-03-23₹ 66.51₹ 65,510
2022-03-22₹ 67.07₹ 67,069
2022-03-21₹ 66.21₹ 66,214
2022-03-20₹ 66.94₹ 65,938
2022-03-19₹ 66.94₹ 65,938
2022-03-18₹ 67.20₹ 67,205
2022-03-17₹ 67.58₹ 66,585
2022-03-16₹ 66.29₹ 66,288
2022-03-15₹ 67.73₹ 66,728
2022-03-14₹ 69.58₹ 68,587
2022-03-13₹ 69.03₹ 69,033
2022-03-12₹ 69.03₹ 69,033
2022-03-11₹ 69.92₹ 68,922
2022-03-10₹ 68.40₹ 68,396
2022-03-09₹ 71.54₹ 70,539
2022-03-07₹ 69.34₹ 69,342
2022-03-06₹ 68.42₹ 68,414
2022-03-05₹ 68.42₹ 68,414
2022-03-04₹ 67.60₹ 66,596
2022-03-02₹ 67.99₹ 66,986
2022-03-01₹ 64.17₹ 64,171
2022-02-28₹ 64.94₹ 63,939
2022-02-27₹ 63.42₹ 63,417
2022-02-26₹ 63.45₹ 63,446
2022-02-25₹ 64.07₹ 64,069
2022-02-24₹ 64.84₹ 63,839
2022-02-23₹ 63.75₹ 62,752
2022-02-22₹ 62.43₹ 62,429
2022-02-21₹ 62.43₹ 62,432
2022-02-20₹ 62.27₹ 62,276
2022-02-19₹ 62.27₹ 62,276
2022-02-18₹ 62.35₹ 62,347

Historical Price of Silver Rate In Tamil nadu

Trend of Silver Rate in Tamil nadu for May 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
May 1st Rate59.9658,954
May 21th Rate63.6262,625
Highest May Rate63.6262,625
Lowest May Rate56.9855,980

Trend of Silver Rate in Tamil nadu for April 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
April 1st Rate63.6262,625
April 30th Rate66.5865,577
Highest April Rate69.768,701
Lowest April Rate63.662,607

Trend of Silver Rate in Tamil nadu for March 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
March 1st Rate66.5165,510
March 31th Rate64.1764,171
Highest March Rate71.5470,539
Lowest March Rate64.1764,171

Trend of Silver Rate in Tamil nadu for February 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
February 1st Rate64.9463,939
February 28th Rate58.3758,374
Highest February Rate64.0764,069
Lowest February Rate58.3358,335

Trend of Silver Rate in Tamil nadu for January 2022 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
January 1st Rate59.5558,545
January 31th Rate60.4260,416
Highest January Rate63.1863,174
Lowest January Rate58.5657,556

Introduction

Silver and gold have a huge demand in the southern state of Tamil Nadu. These precious metals are used not only for personal use or ornamental purposes but also for ritualistic purposes. Over the years, silver and gold has also found an important place as an investment tool.

Silver among the two precious stones is considered to be an attractive option due to a variety of reasons. The main reason being that the price of silver is considerably lower as compared to that of gold and also silver is abundantly available. Silver can be bought in almost a kilo in the 10 gram rate of gold. Silver can be used for industrial as well as commercial purposes along with personal use. It is particularly used in the electronic industry. These factors make it a preferred option and thus ensure that silver has a constant market in Tamil Nadu for personal as well as investment use.

The various factors associated with the prices of silver in the state of Tamil Nadu are mentioned below.

Forms of silver

The various firms in which silver can be available to the customers is mentioned below

  • Silver coins
  • Silver jewellery
  • Silver bars 
  • Silver Bullions
  • Silver household items

Silver coins or bars can be purchased in various weights or purity for investment purposes. Coins are available in the weights starting from 1 gram to 1 kg. The numerous options that the customers can choose from are 1 gram, 2 gram, 5 gram, 10 gram, 15 gram, 25 gram, 40 gram, 50 gram, 100 gram, 200 gram, 500 gram and 1000 gram or 1 kg.

Silver bars are also available in many options in weights and purity. Their weights range from 10 ounce to 1 kg. The purity levels of these bars start from 0.999 to 0.9999.

Silver has to be sourced from trusted and certified sources to ensure that the customers are not defrauded or do not get silver of lower grade or purity than what they have paid for. The various sources of silver available in the state of Tamil Nadu are mentioned below.

  • Private dealers
  • Certified jewelers
  • Banks
  • Authorized sellers

While purchasing silver, customers or investors have to ensure that the silver bought has the proper marking or certification that is required to authenticate its purity and the source of such purchase.

The various markings found on silver for the above purpose are notified hereunder.

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

Purity of silver

Silver is available in many forms as mentioned above. These forms of Silver are further available in many purity grades or levels of purity. Purity of silver is determined in the form of percentage. The highest purity level that can be given to the metal is 99.9%. When silver is mixed with other metals like copper, nickel, etc, it reduces the purity levels of silver and hence it is then graded or certified accordingly.

The various levels of purity provided to silver is 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

Based on the above levels of purity, the prices of silver are determined and customers have to ensure that they get silver as per the purity level sought by them and paid for.

Factors to consider while Purchasing Silver in Tamil Nadu

There are many factors affecting the purchase decision for silver in Tamil Nadu. Some of such important considerations that the customers have to be aware of for making the correct purchase decision are discussed below.

Changing prices of silver

The most important thing to consider while purchasing or investing in silver is to track its rates as well as the price trend. The rates of silver are dynamic and change on daily basis. Tracking them and analyzing them will enable the customers to get the best price for silver and determine the correct purchase or selling opportunity.

Form of silver and source of purchase

Another important decision is to determine the source of purchasing silver and the form of such precious metal. Customers are advised to buy this precious metal from either certified jewelers or even from banks. Silver can be bought in many forms as mentioned above. Customers can now also get the benefit of purchasing silver online through certified e-commerce sellers. It is, however, risky to purchase silver online as the chances of being cheated or duped are highly increased.

It is, therefore, advisable to purchase silver only through certified and recognized e-commerce sellers that are highlighted above.

Certification

Proper certification is of utmost importance while buying silver. Silver should have all the necessary markings on its surface that have been discussed above. Proper certification will ensure that customers are buying genuine products and will also ease the resale process.

FAQs – Silver Rate In Tamil Nadu

1. Where can a customer purchase silver?

A customer can purchase silver through certified e-commerce sellers, jewelers, private dealers, authorized sellers or even through banks.

2. What are some of the factors affecting silver prices in Tamil Nadu?

Some of the main factors affecting prices of silver in Tamil Nadu are the industrial and personal demand for silver, ancillary costs associated with buying of silver like storage costs, mining costs, import costs, geo-political situations, dollar fluctuations, gold prices, inflation, etc.

3. What are the forms and sizes in which silver can be traded in the exchange market or futures market?

Silver can be traded in the exchange market or futures market in MCX and NCDEX in lot sizes or contract sizes of 1 kg bars. These contracts are not treated as spot contracts and hence do not get immediate delivery at the time of sale of contract.

4. What is the highest purity grade that can be provided to silver?

The highest grade of purity that can be allotted to silver is 0.9999 which indicates that it is 99.9% pure and virtually without any impurities.

5. What are the various tests that can be done by buyers and sellers of silver to determine its purity?

The various tests done by buyers and sellers to determine its purity are ice test, stink test and magnet test.

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