Silver Rate in Bhopal Today
We know that India is the largest importer of silver in the world. Most consumers in Bhopal hold silver in high regard. Many investors view silver as a surrogate for gold, especially when there are restrictions on the gold trade. Non-traditional and small investors, therefore, view silver as a safe haven in terms of investment.
| Today | Yesterday | Rate Change | |
| Silver (1 gram) | ₹ 71.5 | ₹ 71.4 | ₹ 0.1 ↑ |
| Bar Silver (1 Kg) | ₹ 71,500 | ₹ 71,400 | ₹ 100 ↑ |
Silver Rate in Bhopal 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 in Bhopal
Trend of Silver Rate in Bhopal for February 2021 (rates per kg)
| Parameters | Silver Price (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 Bhopal for January 2021 (rates per kg)
| Parameters | Silver Price (per kg) |
| January 1 Rate | Rs.72,000 per kg |
| January 31 Rate | Rs.69,800 per kg |
| Highest Rate in January | Rs.74,500 per kg on 8 January |
| Lowest Rate in January | Rs.63,900 per kg on 9 January |
| Overall Monthly Performance | Decline |
| Percentage Change | 3.05% |
Trend of Silver Rate in Bhopal for December 2020 (rates per kg)
| Parameters | Silver Price (per kg) |
| December 1 Rate | Rs.64,600 per kg |
| December 31 Rate | Rs.72,300 per kg |
| Highest Rate in December | Rs.73,600 per kg on 22 December |
| Lowest Rate in December | Rs.63,400 per kg on 10 December |
| Overall Monthly Performance | Incline |
| Percentage Change | 11.92% |
Trend of Silver Rate in Bhopal for November 2020 (rates per kg)
| Parameters | Silver Price (per kg) |
| November 1 Rate | Rs.60,100 per kg |
| November 30 Rate | Rs.64,700 per kg |
| Highest Rate in November | Rs.67,700 per kg on 18 November |
| Lowest Rate in November | Rs.60,100 per kg on 1 November |
| Overall Monthly Performance | Incline |
| Percentage Change | 7.65% |
Trend of Silver Rate in Bhopal for October 2020 (rates per kg)
| Parameters | Silver Price (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 Bhopal 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% |
Silver Price in Bhopal
India stands as the largest importer of silver in the world. Many of the consumers in Bhopal view silver in high regard. Many investors see silver as an alternative for gold especially at times of limitations on the gold trade. Most consumers prefer silver to gold as it is most affordable. Silver is utilized in various industries apart from jewelry. The silver rate in Bhopal is impacted by different international and national developments like inflation, investment flow, and correction in the price of gold among other factors.
What Makes the Demand for Silver in Bhopal?
Silver is considered a popular metal in Bhopal, primely due to its precious nature and secondly as it is investment friendly. Yet, before investing in metals, one must definitely be updated with the Silver price on a regular basis. The silver price in Bhopal depends on several factors like overseas relations and the demand and supply of it in the market. According to the current time scenario, the silver price today in Bhopal is ₹ 71,700 for 1 kg of silver.
Why is Silver a Good Option to invest?
Silver has become the second most sought-after metal for investment. The prime reason for investing in silver is its affordable price. Whether in the industrial process, jewelry, or long-term investment, silver stands as the next best alternative to invest. Silver has become most popular in the commodities exchange market. This also impacts the volatility of the silver rate. Silver provides good returns and is liquid in nature which makes it more attractive for investment.
Silver as an Investment in Bhopal
Most of the population regard silver metal as a safe haven in terms of investment. At times of economic instability, many consumers return to traditional investment forms such as silver. Silver can be invested as
- Physical silver: Many people buy silver in the form of jewelry or artifacts. Silver bars and coins are also popular.
- Silver contracts: Silver is traded in Multi Commodity Exchange (MCX) and National Commodity & Derivatives Exchange (NCDEX). Customers should bear various charges such as brokerage, exchange levy, and stamp duty among others.
Things to Remember Before Buying Silver Jewellery in Bhopal
- Remember to buy from the authenticated retail outlet that deals with hallmarked products.
- Make sure to ask for the receipt so that you have evidence of the purchase.
- When buying an antique silver coin with the year mentioned on it, make sure to check the year mentioned on the bill.
- Always check the market price of the silver.
- Use trusted sources to ensure the quality and security of products.
Also, check the Gold rate in Bhopal.
Historical Silver Rate in Bhopal
| Months | Lowest Price Silver – ₹ Per Kg. | Highest Price Silver – ₹ Per Kg. |
| December 2020 | 63,660 | 72,760 |
| November 2020 | 58,300 | 65,410 |
| October 2020 | 60,200 | 63,800 |
| September 2020 | 57,000 | 69,500 |
| August 2020 | 65,000 | 76,510 |
| July 2020 | 48,510 | 66,050 |
| June 2020 | 47,100 | 50,160 |
| May 2020 | 41,000 | 50,110 |
| 01 Apr 2020 | 39,940 | 42,700 |
| March 2020 | 39,480 | 51,080 |
| February 2020 | 48,000 | 51,500 |
| January 2020 | 48,900 | 51,000 |
Movement of Silver Rate in Bhopal
The rate of silver in Bhopal has been dropping since January 2015. The price of the metal was held at Rs.34,415 per kg, a -5.1% decrease from Rs.36,265 in November. The rate of silver was pinned at Rs.39,985 in January which fell in the following months of February, March, and April at Rs.37436, Rs.36424, and Rs.36340 respectively. The silver price continued the same trend in June and July barring mini rallies. The rate was fixed at Rs.35476 towards the end of August included a -1.2% decrease towards the end of September at Rs.35049.
Also, check the silver rates in other cities.
FAQs
✅ What are bullions?
Bullions refer to precious metals which are available in bulk and act as a standard for gold, silver, platinum, and other precious metals.
✅ How to buy silver bullions in India?
Silver bullions can be purchased from banks, jewelers, and online agents in India. Banks typically charge higher rates compared to jewelers, this is on account of purity checks and assurance provided by them.
✅ What is the safest way to buy silver?
The clearest way to invest in silver is to go out and actually buy the physical metal.
✅ What is the best quality silver?
925 Silver. Sterling is the jewelry quality standard in the United States and most world markets.