Silver Rate In Delhi

For the people of Delhi, silver has always been a desirable investment. The fact that Delhi has such a large population is one of the reasons for the high demand for the metal. In fact, the city accounts for a considerable part of the demand for silver. The price of silver in Delhi is attracting investment in utensils, silverware, coins, and other items.

Silver Rate in Delhi Per Gram

1 Gram 10 Gram 100 Gram 1 Kg Change(%)
YESTERDAY 67.00 670 6700 67000.00 0 %
TODAY 66.70 667 6670 66700.00 0 %

Silver Rate in Delhi  for Last 10 Days

YEAR
SILVER (IN GM)
1 GRAM 10 GRAM
SILVER (IN KG)
1 KG 10 KG
10 March 2021 Rs. 67.00 Rs. 670 Rs. 67000.00 Rs. 670000
09 March 2021 Rs. 66.70 Rs. 667 Rs. 66700.00 Rs. 667000
08 March 2021 Rs. 66.50 Rs. 665 Rs. 66500.00 Rs. 665000
07 March 2021 Rs. 65.70 Rs. 657 Rs. 65700.00 Rs. 657000
06 March 2021 Rs. 65.70 Rs. 657 Rs. 65700.00 Rs. 657000
05 March 2021 Rs. 65.42 Rs. 654.2 Rs. 65420.00 Rs. 654200
04 March 2021 Rs. 66.20 Rs. 662 Rs. 66200.00 Rs. 662000
02 March 2021 Rs. 66.60 Rs. 666 Rs. 66600.00 Rs. 666000

Trend of Silver Rate in Delhi for February 2021 (rates per kg)

Highest Feb Rate Rs. 73300.00/- per Kg
Lowest Feb Rate Rs. 67300.00/- per Kg
Overall Performance Decline
Percentage Change 7.91 %

Trend of Silver Rate in Delhi for January 2021 (rates per kg)

Highest Feb Rate Rs. 73300.00/- per Kg
Lowest Feb Rate Rs. 67300.00/- per Kg
Overall Performance Decline
Percentage Change -2.50 %

Trend of Silver Rate in Delhi for December 2020 (rates per kg)

Highest Feb Rate Rs. 73300.00/- per Kg
Lowest Feb Rate Rs. 67300.00/- per Kg
Overall Performance Decline
Percentage Change -13.62 %

Trend of Silver Rate in Delhi for November 2020 (rates per kg)

Highest Feb Rate Rs. 73300.00/- per Kg
Lowest Feb Rate Rs. 67300.00/- per Kg
Overall Performance Decline
Percentage Change 3.00 %

Trend of Silver Rate in Delhi for October 2020 (rates per kg)

Highest Feb Rate Rs. 73300.00/- per Kg
Lowest Feb Rate Rs. 67300.00/- per Kg
Overall Performance Decline
Percentage Change -0.49 %

Trend of Silver Rate in Delhi for September 2020 (rates per kg)

Highest Feb Rate Rs. 73300.00/- per Kg
Lowest Feb Rate Rs. 67300.00/- per Kg
Overall Performance Decline
Percentage Change 9.23 %

Silver Rate in Delhi

For the people of Delhi, silver has always been a desirable investment. Silver has grown in popularity as a viable investment option among Delhi residents. The capital city, with its large population, has consistently shown a high demand for this precious metal. The fact that Delhi has such a large population is one of the reasons for the high demand for metal. In fact, a significant portion of the demand for silver comes from the city. Silver rate in Delhi is seeing investment in every form, including utensils, silverware, coins etc.

What Makes the Demand for Silver in Delhi?

Delhi is densely populated, and, shockingly, it is the Silver rate in Delhi that appears to set the benchmark for the metal’s price in the rest of the world. The silver rate in Delhi is affected by people from all walks of life, from the middle class to the lower-income groups.

More and more people started to buy silver as an investment as a result of inflation. Because of these factors, the price of silver in Delhi has risen dramatically.

In its traditional physical form, the metal has found buyers. When negotiating the price of silver in Delhi, one will encounter the metal in various forms such as coins, jewellery, silverware, and so on. At times the silver metal also undergoes trading in the form of exchanges with authorised bodies.

Why is Silver a Good Option to invest?

Silver is good option to invest because :

  • simple & own silver
  • cheaper than gold
  • easy to buy and sell it in form of bars and coins
  • Silver coins/statuettes are attractive investments and ideal heirlooms
  • tangible asset unlike bank accounts or shares
  • Silver is far cheaper than gold
  • availed in any quantity according to the investor’s preference
  • Silver coins/statuettes are attractive investments and ideal heirlooms

Silver as an Investment in Delhi

In Delhi, silver is one of the most prevalent commodities. Silver is a big driver in the city, both for sale and for purchase. As a result, the current silver rate in Delhi can be used as a benchmark for Silver rates across the world. People from all walks of life, not just seasoned experts, see silver as an investment that will protect them financially during inflation.

Physical Silver: Physical silver is defined as jewellery, ornaments, and silverware, and it is a profitable investment option. Silver jewellery is common among Indian women who like to accessorise their outfits with it. Rings, neckpieces, earrings, and bangles made of silver are very popular. Silverware is a popular gift item that can also be used as utensils.

Silver Contracts: The Multi Commodity Exchange (MCX) and the National Commodities and Derivatives Exchange both offer silver contracts (NCDEX). These exchanges offer silver in various purities, such as 999 and 995 purity, as well as contracts on various weights of silver. Silver is generally priced and sold in 1 kg increments.

Silver Coins and Silver Bars– Silver bars and coins are popular investment options with long-term potential. Invest in silver bars if you want to use a large amount of silver. They are purer and heavier than silver coins. Furthermore, they are less expensive than coins. Because of their small size, silver bars are easy to store.

Things to Remember Before Buying Silver Jewellery in Delhi

Silver jewellery is well-known for its affordability, durability, and wide range of appealing designs available. When purchasing precious metals such as silver, one should consider the purity of the metal. This lowers your chances of being duped and ensures that you can resell the metal at a profit in the future. When purchasing silver jewellery, there are a few things to keep in mind i.e,

  • The best silver form is sterling silver and consists of .925 or 925, meaning that it’s 92.5% pure silver. Anything that is less than this won’t have the same lustre.
  • Always buy one with a proper purity stamp.
  • Take your time to look for any imperfections
  • You can buy interchangeable silver jewellery if you have a budget.
  • Always ask about the return policy, in case anything goes wrong later
  • In case you are buying silver jewellery in Delhi online, make sure the dealer is a reputed one. Also, check for today silver rate in Delhi to avail it at the best rate.

Also, check the Gold rate in Delhi.

Historical Silver Rate in Delhi

Year Lowest Price (Rs. Per kg) Highest Price (Rs. Per kg) 
2018-April 41,036 43,832
2018-March 41,082 41,744
2018-February 40,656 42,837
2018-January 41,623 43,064
2017-December 39,125 41,862
2017-November 41,262 43,335
2017-October 41,812 43,442
2017-September 42,333 44,812
2017-August 40,071 43,322
2017-July 38,142 41,442
2017-June 41,138 43,652
2017-May 40,312 43,325
2017-April 42,826 46,058
2017-March 41,056 47,256
2017-February 45,326 47,184
2018-January 41,839 44,926
2016-December 41,063 44,365
2016-November 43,242 48,256
2016-October 28,290 49,135
2016-September 48,524 51,028
2016-August 48,063 53,056
2016-July 49,856 52,765
2016-June 41,425 49,628
2016-May 41,436 45,572
2016-April 28,262 45,556

Movement of Silver Rate in Delhi

Silver rates in Delhi are expected to move in lockstep with global markets. A sharp movement in the silver rate today in Delhi may be attributed to an international rally. However, there isn’t much of a difference in the price of silver these days. It’s worth noting that the metal has been trending steadily for the past 12 months. In order to avoid a sharp increase in Silver rates, the silver rate in Delhi today is expected to remain stable. If one does not want to buy physical silver, he or she can buy it from the MCX, which sells silver contracts. The best part about investing through MCX is that there are no locker changes and you can avoid theft.

FAQs

✅ What is the price of 1 kg silver in Delhi today?

The price of 1 kg silver in Delhi today is ₹ 67,300.

✅ Will the Silver rate in Delhi keep changing?

Yes, the silver rate in Delhi will keep changing, sometimes from day to day, or sometimes from week to week, depending on the changing economic factors and government policies as stated above.

✅ How is the silver rate today in Delhi calculated?

Today’s Silver rate in Delhi is determined by a number of factors such as crude oil prices, geopolitical and economic events, the value of the dollar, industrial demand, commodity prices, government policies on import and export, etc.

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