Silver Rate in Lucknow Today

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Today’s Silver Rate Per 10 Gram in India
Gold 22 Karat
43720Per 10g of 22k Gold

Silver Rate in Lucknow 

Purchasing silver in India is typically connected distinctly with adornments and ornamentation, and not with speculations. In any case, the perspectives about the silver rate in Lucknow are changing as more individuals have more noteworthy admittance to ongoing updates and changes in silver rates and venture designs. News, patterns, and updates are promptly accessible to any individual who needs to consider something very similar and bring in cash putting resources to purchase or find the silver rate in Lucknow.

Lucknow consists of more than 4 million individuals and is an exceptionally evolved metropolitan city. This huge populace is gradually proceeding onward to valuable metals as a type of long/momentary venture. With a progressively developing revenue in putting resources into valuable metals like silver and gold, individuals here are one bit nearer to monetary achievement.

Silver Rate In Lucknow

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 Lucknow For Last 10 Days

Date Silver (1 gram) Bar Silver (1 Kg)
11 Mar 2021 ₹ 67.40 ₹ 67,400
11 Mar 2021 ₹ 66.70 ₹ 66,700
11 Mar 2021 ₹ 66.20 ₹ 66,200
11 Mar 2021 ₹ 66.50 ₹ 66,500
11 Mar 2021 ₹ 70.10 ₹ 70,100
11 Mar 2021 ₹ 70.10 ₹ 70,100
11 Mar 2021 ₹ 65.42 ₹ 65,420
11 Mar 2021 ₹ 66.50 ₹ 66,500
11 Mar 2021 ₹ 67.90 ₹ 67,900
11 Mar 2021 ₹ 66.60 ₹ 66,600

Historical Trend of Silver Rate in Lucknow

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 Lucknow 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%

Trend of Silver Rate in Lucknow 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.71,410 per kg on 7 January
Lowest Rate in January Rs.63,900 per kg on 9, 10, and 11 January
Overall Monthly Performance Decline
Percentage Change -3.06%

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

Parameters Silver Rate (per kg)
December 1 Rate Rs.59,000 per kg
December 31 Rate Rs.72,300 per kg
Highest Rate in December Rs.72,300 per kg on 31 December
Lowest Rate in December Rs.59,000 per kg on 1 December
Overall Monthly Performance Incline
Percentage Change 22.50%

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

Parameters Silver Rate (per kg)
November 1 Rate Rs.60,100 per kg
November 30 Rate Rs.59,100 per kg
Highest Rate in November Rs.66,100 per kg on 5 November
Lowest Rate in November Rs.59,100 per kg on 30 November
Overall Monthly Performance Decline
Percentage Change -1.66%

Trend of Silver Rate in Lucknow 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%

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

Parameters Silver Rate (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%

What Makes the Demand for Silver in Lucknow?

Components Affecting Silver Rate in Lucknow

A portion of the components that affect the cost of silver is:

  • Request and supply: Like most products, the cost of silver is driven by the hypothesis just as the interest and supply of the metal. The rate is unstable contrasted and gold on account of the market liquidity and request vacillations. This, on occasion, can cause wide-running valuations on the lookout, bringing about unpredictability.
  • Oil costs: Considering that mining of silver is an energy-serious interaction, it tends to be reasoned that silver costs are related to the cost of oil. Additionally, for bringing in silver, a solid coordination stage is required that is supported by a reliable oil supply. Instability in oil rate brings about powerful costs of silver and gold.
  • Loan costs: Base financing cost demonstrates general economic situations. Taking into account that interests in silver are not made to get a current return, a few groups will pick interest installments as opposed to long-haul enthusiasm for silver property. Accordingly, the market pace of silver can be said to have a converse relationship with the degree of financing costs.
  • Gold costs: Silver costs will in general intently follow the upward/descending pattern of gold. In the event of a flood popular for gold, bringing about an expansion in its rates, silver will go with the same pattern. Essentially, when the cost of gold falls, odds are the silver rates will diminish as well.
  • Expansion: Silver is viewed as incredible support against swelling. At the point when the cash esteem goes down, silver guarantees security against misfortunes in buying influence. Nonetheless, it is fundamental to note that when the interest builds, the silver rate will likewise increment.

5 Good Reasons to Invest in Silver Silver Rate in Lucknow

The answer to the question of investing in silver is yes. You should be investing in silver and here are 5 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 Rate 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 to 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 (Rate 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.

Also, check the Gold rate in Lucknow.

Things to Remember Before Buying Silver Jewellery in Lucknow

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 Rate quoted by the jeweler at face value. However, you must ask the jeweler what is the Rate 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 Rate of your jewelry.

Gemstones On Silver Jewellery

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

Also, check the silver Rates in other cities.

Historical Trend of Silver Rate in Lucknow

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

FAQs about Silver Rate in Lucknow

✅ 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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