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Today’s silver rate across all major cities in India
08 Mar 2021
( Per Gram )
Silver Rates In Uttar pradesh for Last 90 Days
Trend of Silver Rate in Uttar pradesh for October 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Uttar pradesh for November 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Uttar pradesh for December 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Uttar pradesh for March 2021 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Uttar pradesh for February 2021 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Uttar pradesh for January 2021 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Uttar pradesh for September 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Uttar pradesh for August 2020 (Rates per gram for 1Gram / 1Kg Silver)
Uttar Pradesh is one of the most populous states in our country with hard working residents. The state is home to a rich and vibrant culture and is also connected to ancient civilizations in India. The history and heritage of the state has led to a huge demand for silver and gold in the state since centuries. Silver and gold hold a special status for the people of Uttar Pradesh.
Silver is a versatile metal and is a preferred option from personal use as well as from the investment perspective due to many reasons. One of the main reasons for such preference is the rate of silver. Silver rates in our country and globally are considerably lower as compared to that of gold which makes it a cheaper option.
Silver can be found in many forms in the market. It is often mixed with other metals like copper or nickel which makes it durable in case of coins or jewellery. However, by doing so, silver loses some of its purity level and is graded accordingly. These grades or purity levels are also a contributing factor in the final rate of silver.
Given below are all the details relating to the prices of silver, purity levels of silver associated to it, the factors involved in ascertaining the final rate of silver and more.
The rate of silver in any part of the country or even globally is very dynamic and is constantly changing on a day to day basis. There are many factors that decide or influence the final price of the metal.
Silver was on an increasing trend for many months especially more since the start of the year and the pandemic as it was considered to be a steadier and safer option in the current scenario. The increase in silver prices is in sync with the gold prices. However, the prices decreased with the introduction of a vaccine in the market.
There are many factors that influence the global as well as national rate of silver on a daily basis. These factors range from the internal costs like incidental costs involved in extraction, processing and selling of silver as well as external factors that directly or indirectly influence the rates of this precious metal.
Some of such factors are mentioned below.
These factors above affect the prices of silver and influence it to change on a daily basis. These rate fluctuations have to be considered especially while trading in the commodity market where silver is traded.
Customers can trade in silver in the MCX and the NCDEX. The contracts entered are in the lot sizes of 1 kg. These contracts are not in the form of spot contracts and so the delivery cannot be made immediately upon sale.
Silver often has to be mixed or 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 or deterioration in the purity level of the metal. The purity of silver is one of the factors influencing its final prices. Customers can purchase silver of the desired purity and get proper certification and marking on it to get maximum resale value or return on investment made.
The various purity levels or grades of silver available in the market are tabled below.
Customers need to be absolutely sure that the silver purchased is in accordance to the purity and price they pay for. Another important requirement is the necessary markings to authenticate its purity. The various forms of markings that are placed on silver assure the customer that the metal purchased is authentic. Customers are also thereby not faced with unnecessary hassles at the time of resale or getting maximum return on their investment.
The types of markings that are placed on silver are mentioned below.
Such markings are placed on all forms of silver mentioned below.
1. What are the various points to be considered at the time of purchasing silver?
The various points or factors to be considered at the time of purchasing silver are mentioned below:
2. What are the trusted sources of purchasing silver in Uttar Pradesh?
Silver can be purchased from any of the following trusted and authentic sources in Uttar Pradesh
3. Are silver prices constant across at any point or any place?
No. Silver prices are dynamic and ever changing. It changes on a daily basis based on various internal and external factors.
4. What are the most basic tests done on silver to ensure that it is pure?
There are many tests that can be done to check its purity. These tests are very basic and do not require any excessive measures or technical skills. Some of these tests can be as follows
5. What is the fundamental reason for silver to be considered as a better investment option as compared to gold?
Gold prices have always been extremely high as compared to that of silver. Customers can get almost 1 kg of silver in the price that is similar to 10 grams of gold. Also silver is a versatile product that can be used for various purposes and is available abundantly. Hence it makes it an attractive option for investment.
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