Silver Rate in Mizoram Today Apr 20 2024
| ₹62.91
(Per Gram) |
₹62913
(1 Kg) |
Silver Rate In Mizoram Today
| 31/03/2021 | 30/03/2021 | CHANGE (%) | |
| 1 gram | 62.91 | 64.23 | -2.10% |
| 10 gram | 62913 | 64231 | -2.09% |
Silver Rate in Mizoram – 10 gm, 100 gm & 1 kg Silver Price in Mizoram Today:
| Date | 1 gram | 10 gram | 100 gram | Bar Silver 1KG |
| 2021-03-31 | Rs.63.91 | Rs.639.1 | Rs.6391 | Rs.62,913 |
Silver Rate in Mizoram for Last 10 Days:
| Date | 1 gram | Bar Silver 1KG |
| 2021-03-30 | 64.23 | 64,231 |
| 2021-03-29 | 65.11 | 65,102 |
| 2021-03-28 | 65.11 | 65,102 |
| 2021-03-27 | 65.84 | 64,845 |
| 2021-03-26 | 66.52 | 65,512 |
| 2021-03-25 | 65.40 | 65,392 |
| 2021-03-24 | 65.21 | 65,203 |
| 2021-03-23 | 67.82 | 66,817 |
| 2021-03-22 | 68.26 | 68,253 |
| 2021-03-21 | 68.16 | 68,157 |
| 2021-03-20 | 68.12 | 68,119 |
Historical Price of Silver Rate In Mizoram:
Silver Rate in Mizoram for March 2021 (rates per kg):
| Silver Rates | 1 Kg |
| March 1st Rate | 62,913 |
| March 31th Rate | 70,400 |
| Highest March Rate | 70,439 |
| Lowest March Rate | 62,913 |
- The month of March saw a lower growth curve as compared to February.
- The silver rate in Mizoram for 1 kg was Rs. 62913 on the first of the month which was also the lowest value but their steady rise during the month.
- The silver rate in Mizoram for 1kg settled at Rs. 70,400 which shows a rising trend in the price of gold.
Silver Rate in Mizoram for February 2021 (rates per kg):
| Silver Rates | 1 Kg |
| February 1st Rate | 70,400 |
| February 28th Rate | 64,992 |
| Highest February Rate | 75,743 |
| Lowest February Rate | 64,992 |
- February showed a proper rise and fall in prices of silver.
- on the 1st of February, the silver rate in Mizoram started from Rs. 70,400 then during the month it showed a rise to Rs. 75,743.
- but the downfall was shown during the month which is seen in the silver rate on 28th February was 64,992 which was also the lowest price of the month.
Silver Rate in Mizoram for January 2021 (rates per kg):
| Silver Rates | 1 Kg |
| January 1st Rate | 64,992 |
| January 31th Rate | 68,922 |
| Highest January Rate | 72,257 |
| Lowest January Rate | 64,956 |
- The price curve for the month of January shows a small peak curve in the prices of silver
- The silver rate in Mizoram on the 1st of January was Rs. 64,992 which showed a slower rate of rising to Rs. 72,257 during the month.
- The fall of the silver rate in Mizoram during the month-end shows the value slightly higher than the starting price as the price of 1kg of silver on the 31st of January was Rs. 68,922.
What makes the Silver Rate in Mizoram increase or decrease?
Many considerations must be weighed when buying silver to ensure that consumers receive silver of the desired purity and at the best possible price.
These considerations also assist consumers in purchasing silver in a manner that assures the highest yield or resale value at the time of selling.
The following are some of the most critical considerations to make when buying silver:
- If you’re buying silver for personal use or as an investment, there’s a reason for it.
- Silver values fluctuate on a regular basis.
- Silver must be bought in a specific form (whether silver coins, silver bars, silver bullions, silver jewellary, or silver household items)
- Buying silver from a reputable and licensed supplier ensures your purchase’s authenticity, particularly if you’re buying in bulk for investment purposes.
- Ascertaining that the silver bought has all of the requisite certificates and labeling that attest to the metal’s purity and the purchase’s authenticity.
What are the various measuring units of Silver in Mizoram?
Per state assesses silver standards differently. Silver is weighed in troy ounces in Gujarat, with 1 Troy ounce equaling 31.1035 gram of silver. The Troy ounce is 10 percent thicker than standard ounces. In addition to grams and kilograms, silver can be weighed in several ways. However, when it comes to the acquisition and selling of silver, this standard unit of measurement is generally used to ensure uniformity.
How much is the Tax Levied on Silver Rate in Mizoram?
Mizoram’s value-added tax (VAT) on goods and services varies by product. Different schedules and provisions apply to VAT, including Schedule 1, Schedule 2(A), Schedule 2(B), Schedule 2(C), Schedule 2(D), Schedule 2(E), Schedule 3, and Schedule 3(F) (A).
As far as precious metals go, the vat value is levied as per schedule 2(B), which provides that articles of gold and silver, bullion, precious metals, and platinum are subject to a 1% VAT rate under this schedule.
How to check Silver purity in Mizoram?
Purity defines how silver is graded and priced. Silver is called pure because it is not blended or blended with any other metal. Silver purity is measured in percentages, with 99.9% being the purest type. It refers to a metal that is free of corrosion, adulteration, or mixing with other metals.
The purity standards of silver that are currently available on the market are listed below:
| Grade | Fineness |
| 9999 | 999.9 |
| 9995 | 999.5 |
| 999 | 999.0 |
| 990 | 990.0 |
| 970 | 970.0 |
| 925 | 925.0 |
| 900 | 900.0 |
| 835 | 835.0 |
| 800 | 800.0 |
Where to purchase silver in Mizoram?
Since silver prices are continuously evolving, they must be managed on a regular basis to ensure the best possible return on investment or to buy it at the best possible price.
Silver rates in Mizoram have been slowly rising for many years, and they have grown rapidly in recent years. However, thanks to the announcement of a COVID-19 vaccine being launched into the market for the general population, the prices of silver and gold have lately fallen.
Factors Influencing the Prices of Silver in Mizoram
A variety of variables influences Silver rates on a regular basis. These influences are many and have a direct or indirect connection to this precious metal. Customers must keep track of the silver prices on a daily basis in order to get the best value.
The following are the factors that affect silver prices on a regular basis and allow them to fluctuate.
Interior factors:
- To decide silver prices, demand for silver in all forms, whether personal, medicinal, industrial, or commercial, must be considered.
- Silver prices are often affected by market fluctuations, which involve a rise or decrease in demand for silver in all of its types and across all of the demand formats listed above.
- Another aspect that influences silver prices is the supply of silver on the market.
- Production costs, transportation costs, processing costs, warehousing costs, and ancillary costs are related to silver and are relative to silver prices.
Exterior factors:
- Scenarios in geopolitics
- Crude oil prices have risen.
- Policies of the government
- Policy on Imports and Exports
- Changing exchange rates
- Gold rates are rising.
- Inflation is a term that is used to describe the
FAQs Silver Rate in Mizoram Today
✅ Can a person invest in silver?
Yeah, indeed. Silver is an outstanding investment vehicle because it is recognized as a safe-haven currency. Customers can also invest in silver by exchange-traded funds or ETFs. In the Indian market, such an ETF does not exist. Customers will then trade in the ETF available in the US market by registering with a reputable stockbroker. Silver is also available for purchase on the futures and commodities markets.
✅ What is the best form of silver for investment?
For investing purposes, silver in the form of coins, bars, or bullions is the safest option. Customers get the best return on their investment when they use these types of forms. There is no requirement for precious stones or other metals to be imbibed in silver to minimize its worth.
✅ What are the various forms of silver available in the market?
Silver coins, silver bars, silver bullions, silver jewellery, and silver household pieces are all sold in various ways. Silver must be purchased from reputable and certified sources such as authorized sellers, jewellers, banks, and e-commerce portals. To be genuine, the silver obtained from these suppliers should have the following markings.
- Identification Symbol of the Jeweler/Manufacturer.
- Indicator of Purity Grade
- Year of Commemoration
- marked by the BIS (Bureau of Indian Standards).
- The identifying mark of the Assay Centre.