Silver Rate in Srinagar 2021

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

Silver Rate in Srinagar

In Srinagar, silver is available in a number of ways. Silver is regarded as a precious metal or currency of rising importance over time by many investors in Srinagar. To prevent the negative consequences of market volatility, many people choose to invest in silver in monthly installments rather than in a lump sum. During cycles of high inflation, silver is seen as a safe investment.

In Srinagar, silver is commonly sold in the form of silverware, artifacts, and cultural ceremonies such as weddings. Small investors in Srinagar are interested in silver, also known as “poor man’s gold,” since the white metal is less costly than the yellow metal.

Compare The Silver Rate In Srinagar (Today & Yesterday)

Today Yesterday Rate Change
Silver (1 gram) ₹ 71.7 ₹ 71.4 ₹ 0.3 ↑
Bar Silver (1 Kg)
₹ 71,700 ₹ 71,400 ₹ 300 ↑

Silver Rate In Srinagar For Last 10 Days

Date Silver (1 gram)
Bar Silver (1 Kg)
11 Mar 2021 ₹ 71.7 ₹ 71,700
10 Mar 2021 ₹ 71.4 ₹ 71,400
09 Mar 2021 ₹ 70.2 ₹ 70,200
08 Mar 2021 ₹ 71 ₹ 71,000
07 Mar 2021 ₹ 70.1 ₹ 70,100
06 Mar 2021 ₹ 70.1 ₹ 70,100
05 Mar 2021 ₹ 69.8 ₹ 69,800
04 Mar 2021 ₹ 71.6 ₹ 71,600
03 Mar 2021 ₹ 73 ₹ 73,000
02 Mar 2021 ₹ 72 ₹ 72,000

Historical Price of Silver Rate

The trend of Silver Rate in Srinagar for February 2021 (rates per kg)

Highest Feb Rate
Rs. 73300.00/- per Kg
Lowest Feb Rate
Rs. 67300.00/- per Kg
Overall Performance Decline
Percentage Change 7.91 %

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

Highest Feb Rate
Rs. 73300.00/- per Kg
Lowest Feb Rate
Rs. 67300.00/- per Kg
Overall Performance Decline
Percentage Change -2.50 %

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

Highest Feb Rate
Rs. 73300.00/- per Kg
Lowest Feb Rate
Rs. 67300.00/- per Kg
Overall Performance Decline
Percentage Change -13.62 %

The trend of Silver Rate in Srinagar for November 2020 (rates per kg)

Highest Feb Rate
Rs. 73300.00/- per Kg
Lowest Feb Rate
Rs. 67300.00/- per Kg
Overall Performance Decline
Percentage Change 3.00 %

The trend of Silver Rate in Srinagar for October 2020 (rates per kg)

Highest Feb Rate
Rs. 73300.00/- per Kg
Lowest Feb Rate
Rs. 67300.00/- per Kg
Overall Performance Decline
Percentage Change -0.49 %

The trend of Silver Rate in Srinagar for September 2020 (rates per kg)

Highest Feb Rate
Rs. 73300.00/- per Kg
Lowest Feb Rate
Rs. 67300.00/- per Kg
Overall Performance Decline
Percentage Change 9.23 %

Silver Rate in Srinagar 2021Silver As An Investment

The rate of Silver in India varies from state to state and Silver has a reserve of value as a precious metal. Silver, also known as “poor man’s gold,” is popular among small investors because, unlike gold, which requires a large investment, small denominations of silver coins can be purchased for a few hundred rupees. During times of economic turmoil, many customers turn to conventional or traditional investments such as silver coins.

Physical Silver: Purchasing physical silver is, by far, the most common method of investment in Srinagar. Srinagar residents purchase silver bars (100g, 500g, or 1kg) and coins. Necklaces and bajubandhs, as well as rings and bracelets, are available for purchase. Expert craftsmen’s handcrafted exquisite jewelry with traditional designs is now in high demand.

Silver Contracts: The Multi Commodity Exchange (MCX), the National Multi Commodity Exchange (NMCE), and the National Commodity and Derivatives Exchange both trade silver (NCDEX). Silver micro is traded in 1 kg (unit) increments, while SILVER 1000 is traded in 5 kg increments.

Why Is Silver A Good Option To Invest?

The following are some of the reasons why you should invest in silver in India:

Demand: Silver has a decent amount of demand in India. The jewelry industry, as well as the manufacturing sector, drives this market.

Supply and Demand: Silver’s supply and demand are increasing in our world. Silver supply declines as demand increases. Silver would be difficult to obtain in the future, and silver prices will increase as a result of the reduced supply. Long-term holders will be in a better financial position as a result.

Common Man’s Gold – Silver is often referred to as “common man’s gold.” Purchasing silver is less difficult than purchasing gold. The price of silver is growing, and buyers will have more options than ever before to invest in silver rather than real estate, shares, and other traditional investments.

Timing the Markets – The silver market can be easily forecast at times. You could wait for the wedding season to begin, or you could wait for festivals to come about. At that moment, there is an increase in demand for silver and gold.

No Bank Accounts – A sizable portion of the population in our country is unfamiliar with the banking/taxation mechanism. People find it difficult to invest in a wide range of options. For them, silver is one of the better investment opportunities.

Easy Storage – In contrast to gold, silver is much easier to store. The NSEL sells a range of e-silver items that can be sold. It helps people to trade in silver without having to think about saving it.

Liquidity – Investors may benefit from silver in emergency cases. Silver metal can be turned into money in the case of a personal financial emergency. Silver would not lose value if the currency does.

Also, check the Gold Rate in Srinagar.

Things to Remember Before Buying Silver Jewelry In Srinagar

Here are five points to keep in mind if you’re thinking about buying silver anytime soon:

Purity Of Silver: Silver, like gold, can be bought hallmarked. Silver papers are also hallmarked by the Bureau of Indian Standards (BIS). The hallmarking of silver and gold jewelry, on the other hand, is a strictly voluntary method. If the jeweler is selling you an un-hallmarked item, you can ask him to get it hallmarked for you. Silver articles are hallmarked to have verifiable evidence of their purity.

Making Charges: When purchasing silver jewelry, we typically accept the jeweler’s price on face value. However, you should inquire as to what the current selling price of silver is and what the jeweler’s making costs are for the item you want to purchase.

Check For The Buy-Back Policy: Many people sell their old silver or gold jewelry in order to acquire new items. Inquire about the buy-back guarantee for purchasing new silver jewelry or utensils. How much money will you get if you wish to return to the same jeweler and sell the item you bought at a later date? As a result, you should be aware of the different fees that will be factored into the selling price of your jewelry.

Gemstones On Silver Jewelry: Gemstones are often embedded in silver jewelry. You must ensure that the weight of these gemstones has not been factored into the price of silver by your jeweler.

German Silver: There is a distinction to be made between sterling and German silver. The BIS hallmarks sterling silver, which is made up of pure silver and other alloys. German silver, on the other hand, is any metal with silver polish, such as copper or brass. This is not a BIS-certified item.

FAQs on Silver Rate In Srinagar

✅ What is the current rate of silver in Srinagar? 

The current Silver price per gram in Srinagar is 71.7, the current Silver rate per kilogram is 71,400.00.

✅ How do I Invest in Silver?

There are a variety of ways to invest in silver; choose one that best suits your needs –

  • Silver bars or coins (bullions)
  • Silver jewelry and ornaments
  • Silver stocks
  • E-silver

What are the factors affecting silver prices in Srinagar?

The factors affecting silver prices in Srinagar are:

  • Less Supply and More Demand
  • Technology and electronic trends
  • Inflation
  • Gold Prices
  • Interest Rates
  • Government and RBI Guidelines
  • Crude prices

✅ What is Silver Purity? 

Silver is used in a variety of grades and purities. They are usually divided into the following categories.

  • Fine silver is 99.9% pure silver and is mostly used in commercial applications. It is not used in the manufacture of jewelry.
  • Any silver ornament collector is familiar with sterling silver, which bears the 925 hallmarks. This is the purest and most malleable metal for jewelry.

✅ What does the term “925 Silver Cost” mean?

925 Silver is a metal composed of 92.5 % silver and 7.5 % other metals such as copper or nickel.

✅ Is the price of silver the same all over India?

No, the price of silver varies from state to state. The price of silver in each state is determined by import prices and taxes. As a result, the price of silver varies by territory.

✅ What was the highest and lowest silver rate in Srinagar?

The highest silver average in the last year was INR 84,900.00 per kilogram on 11-Aug-2020, and the lowest silver rate was INR 37,800.00 per kilogram on 19-Mar-2020. In the previous year, the silver rate sank as low as INR 37.80 per gram on 19-Mar-2020 and increased as high as INR 84.90 per gram on 11-Aug-2020.

 

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