Silver Rate in Punjab

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

Silver Rate in Punjab Today May 27 2022

Silver in Weight Silver Rate Today – May 27 2022
1 gram ₹ 68.5
10 gram ₹ 685
1 KG ₹ 68,500

Silver Rate in PunjabSilver Rate in Punjab

Because of its intrinsic value, silver is known as a wealthy shop. In the event of a government default, some experts say the price of gold will increase. During any banking crisis, overall financial turmoil, or currency devaluations, silver is considered a safe-haven investment. It’s worth remembering that many consumers purchase silver to safeguard their buying power during times of high inflation.

The price of silver in Punjab is determined by a number of national and international factors. Several silver jewelry exhibitions are held on a regular basis in Punjab, with a diverse selection of designs.

Silver Rate in Punjab – 10 gm, 100 gm & 1 kg 

Silver Rate 10 Gram 100 Gram 1 KG
Today Price (Rs.)
639 6391 63910
Yesterday Price (Rs.)
639 6390 63900
Change (Rs.) 0 0 10
Change (%) 0.00% 0.02% 0.02%

Silver Rate in Punjab for Last 10 Days

Date Silver (1 gram) Bar Silver (1 Kg)
30 Mar 2021 ₹ 68.5 ₹ 68,500
29 Mar 2021 ₹ 69.3 ₹ 69,300
28 Mar 2021 ₹ 64.7 ₹ 64,700
27 Mar 2021 ₹ 69.3 ₹ 69,300
26 Mar 2021 ₹ 69.5 ₹ 69,500
25 Mar 2021 ₹ 69.4 ₹ 69,400
24 Mar 2021 ₹ 65.3 ₹ 65,300
23 Mar 2021 ₹ 70.4 ₹ 70,400
22 Mar 2021 ₹ 71.8 ₹ 71,800
21 Mar 2021 ₹ 71.8 ₹ 71,800

Historical Price of Silver Rate In Punjab

DATE SILVER 1 G BAR SILVER / 1 KG
01-Mar-21 Rs. 73.69 Rs. 73690
01-Feb-21 Rs. 79.29 Rs. 79290
01-Jan-21 Rs. 72.18 Rs. 72180
01-Dec-20 Rs. 64.88 Rs. 64880
01-Nov-20 Rs. 65.38 Rs. 65380
01-Oct-20 Rs. 63.48 Rs. 63480
01-Sep-20 Rs. 76.78 Rs. 76780
01-Aug-20 Rs. 72.58 Rs. 72580
01-Jul-20 Rs. 54.78 Rs. 54780
01-Jun-20 Rs. 54.78 Rs. 54780
01-May-20 Rs. 42.13 Rs. 42130
01-Apr-20 Rs. 41.79 Rs. 41790
01-Mar-20 Rs. 47.49 Rs. 47490
01-Feb-20 Rs. 50.99 Rs. 50990
01-Jan-20 Rs. 50.39 Rs. 50390
01-Dec-19 Rs. 48.19 Rs. 48190
01-Nov-19 Rs. 50.69 Rs. 50690


The trend of Silver Rate in  Punjab for December 2020 (rates per kg)

Silver Rate in December 2020
Silver Rate per KG
1st Dec 2020 60200
8th Dec 2020 65500
15th Dec 2020 64150
22nd Dec 2020 67700
31st Dec 2020 68400
Highest Price 70700
Lowest Price 60200
Percentage Change 0.1362

 

Silver has long been the primary metal on which many companies and important investments have been built. We present a detailed silver rate breakdown for Punjab for the month of December, taking into account the jewellery and investment industries of Punjab.

  • Punjab has been very productive in terms of silver, with a cost of Rs 60200 at the start of the month.
  • For the month of December, the highest price for silver was Rs 70700.
  • The overall improvement for the month can be reduced to a value of 13.62 percent.
  • Given the glut of silver on the market, it’s understandable that mid-December hasn’t been generous to investors.

The trend of Silver Rate in  Punjab for January 2021 (rates per kg)

Silver Rate in January 2021
Silver Rate per KG
1st Jan 2021 ₹ 68,100
8th Jan 2021 ₹ 69,900
15th Jan 2021 ₹ 66,600
22nd Jan 2021 ₹ 67,400
31st Jan 2021 ₹ 69,800
Highest Price ₹ 71,400
Lowest Price ₹ 63,900
Percentage Change 0.025

 

For investors and traders, the first month of the year is often unique since the global market offers a variety of lucrative opportunities.

  • The 22 Carat Silver Price in Punjab for January is described below, and readers should carefully check the prices.
  • The silver market in Punjab opened at Rs.68,100 per kilogramme and closed at Rs.69,800 per kilogramme on January 31st.
  • Punjab’s silver price reached its highest level of the month, at Rs.71,400 per kg.
  • In January 2021, the lowest 1 kg silver price was 63,900.
  • The rate of this precious metal depreciated for the third month in a row in January of this year.
    2.50 percent was estimated as the growth rate.

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

Silver Rate in February 2021
Silver Rate per KG
1st Feb 2021 ₹ 73,000
8th Feb 2021 ₹ 69,200
15th Feb 2021 ₹ 69,800
22nd Feb 2021 ₹ 69,200
28th Feb 2021 ₹ 67,500
Highest Price ₹ 73,000
Lowest Price ₹ 67,300
Percentage Change -0.0753

 

The highest and lowest 22 Carat Silver Rates in Punjab in February 2021, as well as the percentage change, will be discussed below:

  • The silver market opened on the 1st of February this year at a cost of Rs.73,000 per kg.
  • On the 28th of the month, the closing rate for 1 kg was reported as Rs.67,500.
  • The highest price for 1 kg silver was Rs.73,000 on February 1st.
  • The lowest price was Rs.67,300 per kg, which was obtained near the month’s end.
  • This month, the Silver Rate in Punjab per gramme dropped by 7.53 percent

Silver Rate in Punjab Trend in 2020

The rate movements addressed for the first few months of this year can be used to measure the Silver Rate Trend in Punjab for 2020. The first three months of the year, namely January, February, and March, saw this precious metal perform poorly. However, over the next two months, the Punjab silver market strengthened and performed better. Punjab’s Silver Rate is much higher today than it was at the start of the year. May saw a significant shift in prices, with a very high closing value.

What makes the Silver Rate in Punjab increase or decrease?

The prices of all precious commodities fluctuate on a daily basis, as both readers are conscious. As a result, the Silver Rate in Punjab, today is likely to differ from the rate yesterday and tomorrow. Various factors that affect rates fluctuate on a daily basis, causing rates to fluctuate and a new one to appear. Two of the most significant factors are demand in the state’s local market and the value of the Indian Rupee in relation to the US Dollar. The Reserve Bank of India’s policies has a huge impact on the current Silver rate per gram in Rajasthan. Import duties levied by the Indian government, as well as taxes imposed by the Punjab government, are another factor.

What are the different Silver measuring units in Punjab?

Troy weight and gram are the most common measurement units used by traders when measuring silver. For measuring this commodity, they also use kilograms, Masha, Tola, million ounces, and troy ounce.

  • A kilogramme is equal to 1000 grammes.
  •  1 Troy ounce is equivalent to 31.1035 grammes
  • 1 Masha = 0.972 gramme;
  • 1 Tola = 12 Masha;
  • 1 Tonne = 1000 kilogrammes.

In Punjab, how much tax is levied on the silver rate?

Silver was subject to a number of taxes prior to the Indian government’s implementation of the GST format. The GST is now in effect, and the Silver Tax in Uttar Pradesh is only 3%. Customers must pay this fee, which is calculated based on the value of the precious metal they purchased and obtained by merchants. This has made it simpler for the former to measure various taxes and charge them to customers.

How do you determine the purity of silver in Punjab?

Traders measure the Pure Silver Rate in Uttar Pradesh in percentages. Silver jewelry contains 94.79 percent pure silver and 5.21 percent a mix of other metals.

Where to purchase silver in Punjab?

Any of the following credible and genuine sources can be used to buy silver :

  • Dealers in private property
  • E-Commerce Portals That Are Accredited Banks are financial institutions that are certified jewelers.
  • Sellers with a permit

Factors Influencing the Silver Rate in Punjab

A number of factors influence global and national silver prices on a regular basis. Internal costs, such as incidental costs associated with silver extraction, processing, and selling, are among these factors, as are external factors that influence silver prices directly or indirectly.

Any of these elements are discussed further down:

  • The price of crude oil
  • Demand fluctuations (inclusive of industrial and personal demand)
  • Exchange rates fluctuate.
  • Expenses incurred as a result of inflation (Import Costs, Storage costs, and Mining Costs)
  • Scenarios in geopolitics
  • Government policies are (including the import and export policies and sanctions)
  • Gold prices are rising

Silver prices are affected by these variables, causing them to fluctuate on a daily basis. When selling silver on the commodity market, these rate fluctuations must be taken into account. Customers will trade silver on the MCX and the NCDEX, two exchanges. Contracts for 1 kg lots have been entered. Delivery cannot be rendered directly after the sale since these contracts are not spotted contracts.

FAQ’S

Are silver prices consistent at all times and in all places?

No, silver prices are volatile and fluctuate often. It varies from day to day based on a range of internal and external factors.

What is the fundamental reason that silver is regarded as a superior investment alternative to gold?

Gold values, in contrast to silver, have always been extremely high. For the same price as 10 grams of gold, customers will get around 1 kg of silver. Silver is also a versatile product that is readily available and can be used for a number of purposes. As a consequence, it’s a successful investment option.

✅ In Punjab, how do you determine the purity of silver?

Customers may use a magnet to decide whether or not the silver jewelry they bought is pure. If the silver jewelry repels the magnet, they may be certain that the metal is pure. If it is drawn to the commodity, however, the owner of the jewelry store has defrauded them.

In Punjab, how much tax is levied on the silver rate?

The Indian government introduced the GST format. The GST is now in effect, and the Silver Tax in Uttar Pradesh is only 3%. Customers must pay this fee, which is determined based on the value of the precious metal they purchased and obtained by merchants.

For Knowing the silver rate of other states. Visit our Website of Dialabank.

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