Silver Rate in Hyderabad

YEAR	SILVER (IN GM) 1 GRAM 10 GRAM		SILVER (IN KG) 1 KG 10 KG
11 March 2021	Rs. 73.20	Rs. 732	Rs. 73200.00	Rs. 732000
10 March 2021	Rs. 71.40	Rs. 714	Rs. 71400.00	Rs. 714000
09 March 2021	Rs. 71.10	Rs. 711	Rs. 71100.00	Rs. 711000
08 March 2021	Rs. 71.00	Rs. 710	Rs. 71000.00	Rs. 710000
07 March 2021	Rs. 70.10	Rs. 701	Rs. 70100.00	Rs. 701000
06 March 2021	Rs. 70.10	Rs. 701	Rs. 70100.00	Rs. 701000
05 March 2021	Rs. 69.90	Rs. 699	Rs. 69900.00	Rs. 699000
04 March 2021	Rs. 70.40	Rs. 704	Rs. 70400.00	Rs. 704000

Historical Price of Silver Rate in Hyderabad

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

Highest Feb Rate	Rs. 79200.00/- per Kg
Lowest Feb Rate	Rs. 71000.00/- per Kg
Overall Performance	Decline
Percentage Change	8.46 %

Highest Feb Rate	Rs. 79200.00/- per Kg
Lowest Feb Rate	Rs. 71000.00/- per Kg
Overall Performance	Decline
Percentage Change	-3.04 %

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

Highest Feb Rate	Rs. 79200.00/- per Kg
Lowest Feb Rate	Rs. 71000.00/- per Kg
Overall Performance	Decline
Percentage Change	-11.92 %

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

Highest Feb Rate	Rs. 79200.00/- per Kg
Lowest Feb Rate	Rs. 71000.00/- per Kg
Overall Performance	Decline
Percentage Change	3.06 %

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

Highest Feb Rate	Rs. 79200.00/- per Kg
Lowest Feb Rate	Rs. 71000.00/- per Kg
Overall Performance	Decline
Percentage Change	-7.58 %

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

Highest Feb Rate	Rs. 79200.00/- per Kg
Lowest Feb Rate	Rs. 71000.00/- per Kg
Overall Performance	Decline
Percentage Change	9.23 %

Silver Price in Hyderabad

In Hyderabad, there are many merchants who buy and sell silver. In fact, they will provide you with the most competitive silver rates in Hyderabad. The current silver rate in Hyderabad follows the trend of international silver rates. Because of the volatile global economic situation, the price of silver in Hyderabad is extremely volatile. However, we advise to stay invested in  silver, whether you are a trader or a investor. Silver can be purchased in a variety of ways.

The current silver rate in Hyderabad is directly proportional to metal movement in various countries, inflation factors, liquidity status, metal supply and demand, and so on. Individuals who do not want to lock their funds in this metal due to the volatile silver price in Hyderabad have an alternative. You can buy silver in the physical form or also look at buying and selling through the MCX.

What Makes the Demand for Silver in Hyderabad?

In Hyderabad, the silver rate is lower than the gold rate, and silver is the best investment option. A few hundred rupees will get you a small silver coin. It’s worth noting that each silver and related commodity investment instrument has its own set of advantages and disadvantages. Purchasing silver jewellery, coins, and silver household items is the conventional way of investing in the metal.

Here are some ways of investing in silver:

Silver Jewelry and Household Objects

If you want to buy silver jewels or prayer lamps, you’ll have to pay the manufacturing fee out of your own pocket. The more intricate the design, the more expensive the silver necklace. Silver becomes even more expensive as a result. At the time of resale, silver ornaments are subject to a 15% (or more) melting charge. If you plan to sell silver ornaments later, it reduces your potential returns. As a result, you’ll have to forfeit some of your investment due to wastage in the form of melting and making charges.

Silver as an Investment in Hyderabad

Historical Silver Rate in Hyderabad

Hyderabad, as one of the top cities in the South, has a sizeable and mobile middle-class population. Hyderabad is a popular tourist destination because it has some of the country’s best historic sites. The trend of international silver rates, as well as a few local factors, influence the price of silver in Hyderabad.

Hyderabadi society is heavily reliant on silver. The city takes pride in having a substantial silver reserve which is mainly held by private dealers.

Things to Remember Before Buying Silver Jewellery in Hyderabad

There are numerous factors to consider when deciding to buy silver, just as there are numerous factors that are considered or associated with the cost of silver. These considerations include everything from the price to purchasing the commodity at the right time. The specifics of these factors are listed below.

Form of Silver to be purchased

Silver can be purchased in any of the available forms for investment or personal use. Silver bars, silver coins, silver jewellery, and silver household items are examples of these forms. Silver can be bought in any of these forms at current or available rates. This is the most important factor to consider when buying silver.

Rate of Silver

Another important factor to consider when buying silver is the current silver rate. The ability to track silver rates on a daily basis benefits customers. If silver is bought for investment purposes, this will ensure that consumers get the best price for the product and maximise their profits.

Silver Certification

The district of Hyderabad certifies the silver that is to be bought by consumers. Customers are advised to buy certified silver. Customers will be assured of the purity and authenticity of the silver they buy.

Mode of Purchase

Another important factor to consider when buying silver is the method of purchase. Silver is now available for purchase on a variety of e-commerce websites. Customers can now buy silver in retail or bulk quantities for personal use or investment via the internet. Customers have to ensure proper certification and authenticity of the website before making a purchase so as to avoid being victim of any fraud or theft of the silver purchased.

Also, check the Gold rate in Hyderabad.

Movement of Silver Rate in Hyderabad

The price of silver in Hyderabad skyrocketed at the start of this year in the market. In the previous month, the cumulative movement of silver prices in Hyderabad was slightly lower.

The silver rate in Hyderabad is increasing marginally from day to day this week, indicating that silver is returning to the market in a healthy way.

In the current week also silver prices in Hyderabad saw a steady but minimal rise in the silver market.

FAQs

✅ How to check today’s silver rate in Hyderabad?

From the article we have, you can check Hyderabad’s silver rates as it comes with the feasibility of testing the values over different time frames and through a variety of measurements. Therefore, firstly, just by opening our post, you will find the show of the current day’s silver rate and you will find it over a variety of timelines as you continue.

✅ What are the various measuring units of Silver in Hyderabad?

In Hyderabad there are different units that are used to measure silver, including troy ounces, million ounces, grams, kilograms, tonnes, short tonnes, metric tonnes, tolas, and so on. If any of the weights are checked out they are:

1 ounce of Troy = 31.1035 grams.

1 tonne = 1000 kg

11.67 grams or 12 masha = 1 tola

✅ How to check Silver purity in Hyderabad?

94.79 per cent is the appropriate proportion to verify the purity of the silver. Other metals or the remaining 5.21% of other metals are suitable. Using a magnet over the substance or actually doing a stink scan are the ways you can check for purity. Pure silver will never stink at all. The magnet test may also be performed; the magnet does not stick to the product. If it does stick, the object is unclean.