Interested in financial products
CreditMantri
Processing

Today Silver Rates In Tripura

01 Aug 2021

gold rate

₹67.98

( Per Gram )

gold rate

₹67977

1 Kg

TodayYesterdayChange(%)
1 gram67.9867.740.35%
10 gram67977677420.35%

Silver Rates In Tripura for Last 90 Days

01 Aug 2021

Date1 gramBar Silver 1KG
2021-08-0168.9867,977
2021-07-3168.7467,742
2021-07-3068.1568,152
2021-07-2967.5366,524
2021-07-2866.1066,100
2021-07-2767.2667,257
2021-07-2667.2067,198
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
2021-05-0471.1271,119
2021-05-0369.8468,841
2021-05-0269.8468,841

Historical Price of Silver Rate In Tripura

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

Silver Rates1 gram1 Kg
July 1st Rate68.7467,742
July 31th Rate70.5969,586
Highest July Rate71.770,700
Lowest July Rate66.166,100

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

Silver Rates1 gram1 Kg
August 1st Rate68.9867,977
August 1st Rate68.9867,977
Highest August Rate68.9867,977
Lowest August Rate68.9867,977

Introduction

Silver in India is considered to be auspicious. It is typically used to render jewels and religious puja items. In domestic demand, it comes right next to gold. A variety of stores have silver readily available. Future exchanges and Silver ETFs (in the US markets) also make transactions in silver through silver coins and silver bars.

Also in many industries, silver is a key component. It is used in the development of the most frequent digital gadgets like mobile phones and tabs. Silver is also a vital component in the manufacturing of photovoltaic panels for motor vehicles and solar panels.

In India, silver values are strongly affected by foreign markets, which tend to fluctuate pretty much every day. The value of the US Dollar against the Indian rupee is also contingent.

Availability of Silver in India

India's main source of silver is imported, but in Rajasthan and Jharkhand, we have a few silver mines. Silver is extracted from the mining of lead, zinc, copper and gold ores as a by-product.

In silver production, Mexico ranks number one, followed by Peru, Australia, China, Chile and many others. Silver supply has met demand since the late 1970s which has contributed to higher silver prices. In India, with the key fulfilment of silver demand by imports, the global supply factors have great effects on its price. Processes to enhance the recovery of silver and gold during the mining process are being introduced.

Silver Market in Tripura

In any Tripura home, silver is a widely acquired precious metal. While they are mostly purchased in jewellery form, puja products & household products are also some of the silver products purchased by consumers. Silver is a reliable commodity that has shown steady returns over the years.

Silver purchase in the form of jewellery and other household items

Tripura is popular for its colourful and chunky jewellery. They wear a type of coin necklace made of silver, which is considered a part of their traditional attire. Tripura women also wear bangles, nose rings and earrings, primarily made of silver.

There is no scarcity of jewellery stores in Tripura. In almost every jewellery shop here, silver jewellery and household articles are readily available. In India, silver jewellery is widely used by men and women. Kids are decorated with silver jewels such as anklets, bangles and earrings in particular.

Silver isn't that costly, so it is considered the ‘poor man’s gold’. Silver jewels are very affordable and not so expensive as gold and platinum. They come with lots of attractive designs and are easy to produce. Because of their affordability, people prefer silver for many of their jewellery items.

The drawback for purchasing silver jewels is the heavy charges and the very poor resale value of your silver jewels. It leads to a big loss, whether you intend on selling or exchanging your old silver jewels or items.

Purchase of Silver Coins and Gift Items in Tripura

Silver is often recognised as a beautiful gift by many in Tripura. People in particular add presents to their lives on many special occasions. For anniversaries, weddings, house warming parties, dinners, company presents and many others, silver coins are one of the most famous options for all gifts. They are available at most jewellery shops. It is also possible to buy licenced and verified silver coins from post offices and banks.

While silver coins are an enticing alternative for gold, they are also not beneficial when you go to resell them. You lose money in the form of wastage deduction and also have to pay additional for the items you wish to purchase or exchange. For many therefore, silver coins are not really appealing.

Silver Futures Trading in Tripura

Trading for Silver Futures is a very good business investment opportunity. Tripura residents can invest through the MCX network in the Silver Futures exchange. The Multi Commodity Exchange of India (MCX) is a cutting-edge commodity futures exchange that enables the online trading of commodity derivative exchanges as well as offering an opportunity to analyse and control the market.

A Silver Futures is a legally binding deal to supply silver at a negotiated future price. The number, quality, period and place of distribution are decided in a potential trade deal, only the price varies. Usually, futures contracts shall be exchanged on an exchange where a party consents to acquire and take delivery at a certain date of a certain amount of shares or product.

You must take the help of a broker who is a stock exchange member to deal in silver futures. Even smaller investors will have access to silver future portfolios. Since they are available in different sizes including 30 kg, 5 kg and 1 kg, smaller investments are simple to make. Until the expiry day, you don't have to keep it. When you figure out that the price of silver isn't going to your advantage, you can call it off some time before that.

Silver futures trading has many advantages. Firstly, it is an important protective measure against other investments. Since silver is normally heading to equity in the opposite direction, your capital losses may be compensated by future income. Without distribution of the commodity, you will benefit from price fluctuations in silver and think of safety and purity. Since these futures are traded actively, liquidity does not have to be thought of.

The drawback is that low margins will overextend you and lead to losing a lot. The swings in silver futures can also be hard to deal with in order to find the right time to book profits or reduce losses.

Silver ETFs in Tripura

In Tripura, or even in India, there are no Silver ETF schemes. Silver ETFs listed on the United States market may be opted by buyers. They need brokering for international stock markets or they are sponsored in international stock market trade through stock brokers.

Factors affecting Silver Rates in Tripura

Silver prices in India are primarily influenced by global silver prices. Consequently, the effect on Tripura prices from silver prices globally and in India is instructive.

Australia, Bolivia, Kazakhstan and Mexico are concentrated in silver deposits. It will lead to a higher supply disruption of silver in the two main mines because silver is still highly vulnerable.

Supply & Demand: One explanation why the metal is so important is the equation of supply and demand for silver: supply is constrained but demand persists. However, the underlying economic truth in economies is that every rise or decline of supply or demand, sometimes compared to change itself would shift rates. For instance, if a strike prevents the mining of a major supplier, the prices of silver will rise in the short term. Likewise, the latest use of silver, as in solar panels, would produce more sales and raise market pressure.

Technology: In reality, in more realistic applications, modern technology is starting to replace silver. New kinds of aluminium alloys, for instance, are suitable substitutes for expensive mirrors. The same applies in many homes instead of standard silver goods to widely used stainless steel cookware. However, new demands from photovoltaic solar systems and various green applications typically turn technology into a net bullish driver for silver demand and values.

Global Economy Trend: People spend a lot during good economic times on jewellery and articles containing precious metals, for instance silver. Such purchasing is also the first to be postponed whether wages stagnate or decline. Economic and growth levels are seen as a significant predictor of this demand category in emerging markets. But even in tough economic times, expensive items, such as watches and fine jewels, are always desired. High-end trend analyses are also an indicator of the global economic patterns that affect silver prices.

Indian Rupee against the US Dollar: The U.S. dollar as the world's leading currency typically has an inverse connection to silver prices. Participants in the silver industry see a long dollar past that has placed pressure on silver prices. At the moment, the dollar being high to average, many experienced buyers are seeing the dollar decline by seeking bargain rates for sales.

FAQs

1. Where can I buy Silver Futures in India?

Silver Futures are traded on the National Spot Exchange Limited (NSEL).

2. What is the minimum quantity of silver to be bought on the NSEL?

The minimum trading quantity is one lot of 100 demated units of E-Silver, which is equivalent to 100 grams of Silver.

3. How to check Silver Live Rate on the CreditMantri website?

You can logon to CreditMantri’s Silver Rate page to check the Madhya Pradesh Live Silver Rate and make an informed decision about your Silver Investment based on the most up to date information available. Click on Community, select Resources and then go to Silver Rate. Here, you can find the state wise silver rates for the day.

4. What are some factors affecting silver rates in India?

Silver rates in India are primarily determined by industrial demand, investment demand, import costs & Rupee Vs. Dollar rates.

×Thank you! Your comment will be reviewed and posted shortly.

CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.