Silver Rate in Jaipur Today

0
Today’s Silver Rate Per 10 Gram in India
Gold 22 Karat
45,690Per 10g of 22k Gold

Introduction 

Silver Rate has been viewed as a mainstream metal in Jaipur, one since it is valuable and besides in light of the fact that it is venture amicable. Nonetheless, prior to putting resources into the metals, it is critical to be refreshed with the Silver cost consistently. The silver cost in Jaipur is subject to different factors like the abroad relations and the interest and supply of it on the lookout. According to the current situation, the silver value today in Jaipur is ₹ 67,600 for 1 kg of silver.

Silver Rate in Jaipur 

Compare Silver Rate In Jaipur (Today & Yesterday)
Today Yesterday Rate Change
Silver (1 gram) ₹ 67.40 ₹ 66.70 ₹ 0.7 ↑
Bar Silver (1 Kg) ₹ 67,400 ₹ 66,700 ₹ 700 ↑

Silver Rate In Jaipur For Last 10 Days

Date Silver (1 gram) Bar Silver (1 Kg)
11 March 2021 ₹ 67.40 ₹ 67,400
10 March 2021 ₹ 66.70 ₹ 66,700
09 March 2021 ₹ 66.20 ₹ 66,200
08 March 2021 ₹ 66.50 ₹ 66,500
07 March 2021 ₹ 70.10 ₹ 70,100
06 March 2021 ₹ 70.10 ₹ 70,100
05 March 2021 ₹ 65.42 ₹ 65,420
04 March 2021 ₹ 66.50 ₹ 66,500
03 March 2021 ₹ 67.90 ₹ 67,900
02 March 2021 ₹ 66.60 ₹ 66,600

 

Historical Rate of Silver in Jaipur

Months Lowest Silver Rate Per Kg Highest Silver Rate Per Kg
Feb-21 67,300 78,100
Jan-21 63,900 72,500
Dec-20 59,000 72,300
Nov-20 59,100 66,100
Oct-20 60,210 63,500
Sep-20 58,500 76,500
Aug-20 65,010 76,520
Jul-20 48,510 66,060
Jun-20 47,110 50,160
May-20 41,010 51,400
Apr-20 40,360 42,710
Mar-20 37,800 50,700
Feb-20 47,400 52,900
Jan-20 49,200 52,600

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

Parameters Silver Rate (per kg)
February 1 Rate Rs.78,100 per kg
February 28 Rate Rs.67,500 per kg
Highest Rate in February Rs.78,100 per kg on 1 February
Lowest Rate in February Rs.67,300 per kg on 5 February
Overall Monthly Performance Decline
Percentage Change -13.57%

 

  • The silver rate in Jaipur opened the month of February at Rs.78,100 per kg on 1 February and was at its highest on the first day. However, in the first week, silver saw a decline to its lowest rate on 5 February at Rs.67,300 per kg.
  • Throughout the month, the white metal’s value fluctuated due to various international factors affecting the value in the country.
  • At the end of February, silver rates closed at Rs.67,500 per kg on 28 February, recording an overall decline of 13.57%.

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

Parameters Silver Rate (per kg)
January 1 Rate Rs.72,000 per kg
January 31 Rate Rs.69,800 per kg
Highest Rate in January Rs.72,000 per kg on 1 January – 3 January
Lowest Rate in January Rs.63,900 per kg on 9 January – 11 January
Overall Monthly Performance Decline
Percentage Change 3.05%

 

  • Silver rates in Jaipur opened the year at Rs.72,000 per kg on 1 January and were at their highest on the day, holding steady till 3 January. The rate of the metal was at its highest due to the lower risk appetite amongst investors.
  • In the second week of January, silver rates saw a substantial decline due to the recovery of the U.S. dollar in the market. On 9 January, silver rates had dipped to Rs.63,900 per kg and remained steady until 11 January.
  • Closing the month at Rs.69,800 per kg, silver rates showed a slight recovery in rates with investors awaiting updates in the monetary policy in the U.S. with an overall monthly percentage decline of 3.05%.

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

Parameters Silver Rates (per kg)
December 1 Rate Rs.64,600 per kg
December 31 Rate Rs.72,300 per kg
Highest Rate in December Rs.74,100 per kg on 21 December
Lowest Rate in December Rs.63,400 per kg on 10 December
Overall Monthly Performance Incline
Percentage Change 11.90%

 

  • In Jaipur, silver rates opened on 1 December at Rs.64,600 per kg and hit their monthly low by 10 December at Rs.63,400 per kg due to higher risk appetite due to vaccine optimism and signs of economic recovery.
  • However, with the new strain of COVID-19 detected in the United Kingdom and other countries, the demand for the bullion increased amongst investors and by 21 December, the white metal had hit its highest rate of the month at Rs.74,100 per kg.
  • At the end of the month, however, the metal’s rate dipped marginally as the value of the U.S. dollar recovered and closed at Rs.72,300 per kg recording an overall monthly incline of 11.9%.

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

Parameters Silver Rate (per kg)
November 1 Rate Rs.60,100 per kg
November 30 Rate Rs.63,300 per kg
Highest Rate in November Rs.70,000 per kg on 7 November
Lowest Rate in November Rs.60,100 per kg on 1 November
Overall Monthly Performance Incline
Percentage Change 5.32%

 

  • In Jaipur, opening at Rs.60,100 per kg, silver rates showed an inclining trend throughout November supported by the rise in COVID-19 cases all over the world. The rate of a kg of silver was at its lowest on 1 November.
  • With the rise in COVID-19 cases and countries heading into lockdown yet again, the metal’s rate hit its highest on 7 November at Rs.70,000 per kg along with the fall in the dollar value in the market.
  • At the end of the month, closing with a monthly percentage decline of 5.32, the rate of the white metal closed in November at Rs.63,300 per kg on 30 November.

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

Parameters Silver Rate (per kg)
October 1 Rate Rs.60,700 per kg
October 31 Rate Rs.61,000 per kg
Highest Rate in October Rs.63,500 per kg on 21 October
Lowest Rate in October Rs.60,210 per kg on 8 October
Overall Monthly Performance Incline
Percentage Change 0.49%

 

  • In Jaipur, silver prices opened at Rs.60,700 per kg and dipped to hit their monthly low at Rs.60,210 per kg on 8 October due to the value of the dollar rising in the market.
  • After constant fluctuation in prices due to various factors such as the U.S. stimulus package and the U.S. elections, the metal’s price increased due to a lower risk appetite.
  • At the end of the month, silver prices hit their monthly high at Rs.63,500 per kg on 21 October and closed at Rs.61,000 per kg on 31 October, resulting in a percentage incline of 0.49.

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

Parameters Silver Price (per kg)
September 1 Rate Rs.76,500 per kg
September 30 Rate Rs.62,500 per kg
Highest Rate in September Rs.76,500 per kg on 1 September
Lowest Rate in September Rs.58,500 per kg on 24 September
Overall Monthly Performance Decline
Percentage Change -18.30%

 

  • In Jaipur, silver prices opened the month of September at their highest rate of the month at Rs.76,500 per kg. However, as the value of the U.S. dollar recovered in the market, the demand for the metal dropped.
  • The price of the metal showed a declining trend throughout the month as the risk appetite amongst investors declined as the equities market performed well. On 24 September, the silver rate was at its lowest at Rs.58,500 per kg.
  • On 30 September, the price of silver recovered marginally and closed the month at Rs.62,500 per kg, recording an overall decline of 18.30%.

Why is Silver a Good Option to invest?

There are lots of options for investments in the markets, ranging from insurance products to fixed deposits and more but there are a lot of people who prefer to invest in precious metals like silver. Of the total demand for silver in India, the largest portion is from the industrial sector, then comes investment, and then jewelry.

Investing in silver is so popular in India that there is a multitude of instruments to help people invest in them. These instruments can range from actually investing in it through the commodities markets, buy silver jewelry, silver bars that can be bought from banks, and even silver ETFs. Seeing as how popular it is the question really becomes, should you be investing in silver, and if yes then why?

7 Good Reasons to Invest in Silver 

The answer to the question of investing in silver is yes. You should be investing in silver and here are 7 reasons that will show you just why it can be a good idea for investment.

Demand is Always Around

Silver being a precious metal is always in demand from the jewelry markets, especially in India. The demand is also being generated by industrial sectors that require silver for production and this demand far outweighs the demand by any other sector. This means that silver is something people need and what is in demand is worth investing in.

Supply vs Demand

While there is a large and ever-growing demand for silver being led by nations like India and China, the fact is that the availability of silver is dropping as demands rise and silver found above ground reduces. This means that at some time in the future it will become tough to come by silver and the price may be driven up the limited supply thus putting long-term investors in a very good financial position.

Timing the Markets

There are ways in which the silver markets can be predicted. Some of the most basic ways to time the market would be to wait for the wedding season or a festival to come around. The demand for both silver and gold goes up.

No Bank Accounts

You might find it hard to believe but a portion of India’s population is not in the system when it comes to banking and taxation. This makes it difficult for them to invest in a lot of instruments available and for them, one of the places to invest in is buying and selling silver because it can be bought and sold without too much of a hassle.

Cheaper than Gold

Silver is easier to acquire since it is cheaper than gold. Not everyone can hope in be able to buy sizable quantities of gold but when it comes to silver, it can be bought in bigger quantities because it’s cheaper. For example Rs. 36,215 (price as of 25 September 2015. Subject to change) could buy you 1 kg of silver but the same amount will only get you only a bit over 10 grams of gold.

Sorting the Storage Problem

When you invest in silver in the traditional way, in the form of bars or jewelry, the biggest question you face is about where you can store it. Let’s face it, if you have just bought a few kilos of silver, you can’t be keeping it at home and getting a good night’s rest. If such situations are not appreciated by you there are also e-silver products that can be traded on the NSEL. They allow people to invest in silver without having to worry about storing the metal.

Go to Option in an Emergency

Silver can help out in an emergency in two ways. The first would be the case of a personal emergency where you need money in a hurry and you decide to sell part of the silver you have and the other is the fact that in case of an emergency on a national scale, even if the currency loses value, silver won’t.

Overall silver can be a good investment to make since it does offer options on investing and is a precious metal that is and will remain in demand. There may be times when the markets may make you think that they rather unpredictable but if you go with a long-term investment in mind, you may end up liking the investment.

Also, check the Gold rate in Jaipur.

Things to Remember Before Buying Silver Jewellery in Jaipur

Purity Of Silver

Just like gold, one can also buy hallmarked silver. The Bureau of Indian Standards (BIS) hallmarks silver articles as well. Yash Punamiya, Owner of Kundan Jewellers says, “According to BIS rules, there are four signs that one must look for while buying a hallmarked silver article. However, hallmarking of silver and gold jewelry is a voluntary process. If the jeweler is offering you a non-hallmarked article, you can request him to get it hallmarked. Hallmarking of silver articles provides valid proof of the purity of silver article.” The four signs are as follows:

• BIS logo
• Purity grade/fineness
• Hallmarking center’s identification mark/number
• Jeweller’s identification mark/number

Making Charges

While buying silver jewelry, we usually take the price quoted by the jeweler at face value. However, you must ask the jeweler what is the price of silver prevailing in the market and what are the making charges being charged by him for the article you want to buy. Punamiya says, “Usually making charges for the silver article starts from Rs 3 per gram with no maximum limit. However, making charges for silver articles are on the lower side as compared to the charges for gold jewelry.”

Check For The Buy-Back Policy

Many people sell old silver or gold jewelry to buy a new one. While buying new silver jewelry or utensils, ask the jeweler about the buy-back policy. How much money will you get if you decide to sell the article purchased on a future date back to the same jeweler? For instance, if you have bought silver jewelry of 925 grade then at the time of selling your jeweler will pay you only for 92.5 percent of silver. Therefore, you should know the various charges that will be taken into account in calculating the sale price of your jewelry.

Gemstones On Silver Jewellery

Sometimes silver jewelry has gemstones embedded in it. You must make sure that your jeweler has not priced the weight of these gemstones at the price of silver.

German Silver

Nowadays, apart from silver one can also buy something called German silver. However, one must not confuse German silver with sterling silver or even silver. Punamiya says, “There is a difference between sterling silver and German silver. Sterling silver is actually made up of pure silver and other alloys which is hallmarked by BIS. On the other hand, German silver is any metal such as copper or brass which has silver polish. This is not BIS hallmarked.”

Historical Trend of Silver Price in Jaipur

Months Lowest Silver Price Per Kg Highest Silver Price Per Kg
Feb-21 67,300 78,100
Jan-21 63,900 72,500
Dec-20 59,000 72,300
Nov-20 59,100 66,100
Oct-20 60,210 63,500
Sep-20 58,500 76,500
Aug-20 65,010 76,520
Jul-20 48,510 66,060
Jun-20 47,110 50,160
May-20 41,010 51,400
Apr-20 40,360 42,710
Mar-20 37,800 50,700
Feb-20 47,400 52,900
Jan-20 49,200 52,600

Also, check the silver prices in other cities.

FAQs

✅ Why buying silver is a bad idea?

The main dangers of investing in silver are that you could physically lose items like silver coins and bars and that the value can decline with changes in the market.

How do I buy real silver?

The clearest way to invest in silver is to go out and actually buy the physical metal. Bullion silver is available in coin and bar form, and most coin dealers and precious metals dealers will offer silver bullion in various sizes and formats.

✅ How can I buy silver in India?

How can you invest in silver in India? Either you can buy silver jewelry or can trade in e-silver through National Spot Exchange Limited or NSEL. You can also get silver ETFs from trading accounts.

 

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