Silver Rate Today
| Date | Silver Price 1gram | Silver Price 10gram | Silver Price 100gram | Silver Price 1Kg |
|---|---|---|---|---|
| Dec 31, 2023 | ₹ 78.60 | ₹ 786 | ₹ 7,860 | ₹ 78,600 |
| Dec 30, 2023 | ₹ 78.60 | ₹ 786 | ₹ 7,860 | ₹ 78,600 |
| Dec 29, 2023 | ₹ 78.30 | ₹ 783 | ₹ 7,830 | ₹ 78,300 |
| Dec 28, 2023 | ₹ 79.50 | ₹ 795 | ₹ 7,950 | ₹ 79,500 |
| Dec 27, 2023 | ₹ 79.20 | ₹ 792 | ₹ 7,920 | ₹ 79,200 |
| Dec 26, 2023 | ₹ 79.50 | ₹ 795 | ₹ 7,950 | ₹ 79,500 |
| Dec 25, 2023 | ₹ 79.20 | ₹ 792 | ₹ 7,920 | ₹ 79,200 |
| Dec 24, 2023 | ₹ 79.00 | ₹ 790 | ₹ 7,900 | ₹ 79,000 |
| Dec 23, 2023 | ₹ 79.00 | ₹ 790 | ₹ 7,900 | ₹ 79,000 |
| Dec 22, 2023 | ₹ 79.50 | ₹ 795 | ₹ 7,950 | ₹ 79,500 |
| Dec 21, 2023 | ₹ 79.20 | ₹ 792 | ₹ 7,920 | ₹ 79,200 |
| Dec 20, 2023 | ₹ 78.50 | ₹ 785 | ₹ 7,850 | ₹ 78,500 |
| Dec 19, 2023 | ₹ 77.50 | ₹ 775 | ₹ 7,750 | ₹ 77,500 |
| Dec 18, 2023 | ₹ 78.00 | ₹ 780 | ₹ 7,800 | ₹ 78,000 |
| Dec 17, 2023 | ₹ 77.70 | ₹ 777 | ₹ 7,770 | ₹ 77,700 |
| Dec 16, 2023 | ₹ 77.70 | ₹ 777 | ₹ 7,770 | ₹ 77,700 |
| Dec 15, 2023 | ₹ 78.50 | ₹ 785 | ₹ 7,850 | ₹ 78,500 |
| Dec 14, 2023 | ₹ 77.50 | ₹ 775 | ₹ 7,750 | ₹ 77,500 |
| Dec 13, 2023 | ₹ 75.00 | ₹ 750 | ₹ 7,500 | ₹ 75,000 |
| Dec 12, 2023 | ₹ 75.70 | ₹ 757 | ₹ 7,570 | ₹ 75,700 |
| Dec 11, 2023 | ₹ 75.80 | ₹ 758 | ₹ 7,580 | ₹ 75,800 |
| Dec 10, 2023 | ₹ 76.00 | ₹ 760 | ₹ 7,600 | ₹ 76,000 |
| Dec 9, 2023 | ₹ 76.00 | ₹ 760 | ₹ 7,600 | ₹ 76,000 |
| Dec 8, 2023 | ₹ 77.20 | ₹ 772 | ₹ 7,720 | ₹ 77,200 |
| Dec 7, 2023 | ₹ 77.20 | ₹ 772 | ₹ 7,720 | ₹ 77,200 |
| Dec 6, 2023 | ₹ 78.20 | ₹ 782 | ₹ 7,820 | ₹ 78,200 |
| Dec 5, 2023 | ₹ 78.50 | ₹ 785 | ₹ 7,850 | ₹ 78,500 |
| Dec 4, 2023 | ₹ 80.50 | ₹ 805 | ₹ 8,050 | ₹ 80,500 |
| Dec 3, 2023 | ₹ 80.50 | ₹ 805 | ₹ 8,050 | ₹ 80,500 |
| Dec 2, 2023 | ₹ 79.50 | ₹ 795 | ₹ 7,950 | ₹ 79,500 |
| Dec 1, 2023 | ₹ 79.20 | ₹ 792 | ₹ 7,920 | ₹ 79,200 |
*Contact your local jeweller for exact pricing.
Disclaimer – we provides Silver prices obtained from sources believed to be reliable, but we do not guarantee their accuracy. Our Silver price charts are provided without warranty or claim of reliability. It is accepted by the site visitor on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.
Silver
Silver, a precious metal renowned for its brilliance and versatility, has captivated human civilizations for centuries. From ancient times to the modern era, silver has played a vital role in shaping economies, cultures, and technology. Silver, symbolized by the chemical element “Ag” from the Latin word “argentum,” holds a prominent place in the periodic table with atomic number 47. This precious metal boasts exceptional properties that make it valuable for various purposes. It is malleable, ductile, and an excellent conductor of electricity and heat, setting it apart from other elements.
Silver Price in September
| Date | Silver Price 1gram | Silver Price 10gram | Silver Price 100gram | Silver Price 1Kg |
|---|---|---|---|---|
| Sept 30, 2023 | ₹ 73.50 | ₹ 735 | ₹ 7,350 | ₹ 73,500 |
| Sept 29, 2023 | ₹ 74.70 | ₹ 747 | ₹ 7,470 | ₹ 74,700 |
| Sept 28, 2023 | ₹ 74.20 | ₹ 742 | ₹ 7,420 | ₹ 74,200 |
| Sept 27, 2023 | ₹ 74.20 | ₹ 742 | ₹ 7,420 | ₹ 74,200 |
| Sept 26, 2023 | ₹ 74.80 | ₹ 748 | ₹ 7,480 | ₹ 74,800 |
| Sept 25, 2023 | ₹ 75.80 | ₹ 758 | ₹ 7,580 | ₹ 75,800 |
| Sept 24, 2023 | ₹ 75.80 | ₹ 758 | ₹ 7,580 | ₹ 75,800 |
| Sept 23, 2023 | ₹ 75.50 | ₹ 755 | ₹ 7,550 | ₹ 75,500 |
| Sept 22, 2023 | ₹ 75.50 | ₹ 755 | ₹ 7,550 | ₹ 75,500 |
| Sept 21, 2023 | ₹ 74.50 | ₹ 745 | ₹ 7,450 | ₹ 74,500 |
| Sept 20, 2023 | ₹ 74.50 | ₹ 745 | ₹ 7,450 | ₹ 74,500 |
| Sept 19, 2023 | ₹ 74.80 | ₹ 748 | ₹ 7,480 | ₹ 74,800 |
| Sept 18, 2023 | ₹ 74.50 | ₹ 745 | ₹ 7,450 | ₹ 74,500 |
| Sept 17, 2023 | ₹ 74.70 | ₹ 747 | ₹ 7,470 | ₹ 74,700 |
| Sept 16, 2023 | ₹ 74.70 | ₹ 747 | ₹ 7,470 | ₹ 74,700 |
| Sept 15, 2023 | ₹ 74.00 | ₹ 740 | ₹ 7,400 | ₹ 74,000 |
| Sept 14, 2023 | ₹ 73.50 | ₹ 735 | ₹ 7,350 | ₹ 73,500 |
| Sept 13, 2023 | ₹ 73.50 | ₹ 735 | ₹ 7,350 | ₹ 73,500 |
| Sept 12, 2023 | ₹ 74.50 | ₹ 745 | ₹ 7,450 | ₹ 74,500 |
| Sept 11, 2023 | ₹ 74.00 | ₹ 740 | ₹ 7,400 | ₹ 74,000 |
| Sept 10, 2023 | ₹ 73.50 | ₹ 735 | ₹ 7,350 | ₹ 73,500 |
| Sept 9, 2023 | ₹ 73.50 | ₹ 735 | ₹ 7,350 | ₹ 73,500 |
| Sept 8, 2023 | ₹ 74.00 | ₹ 740 | ₹ 7,400 | ₹ 74,000 |
| Sept 7, 2023 | ₹ 74.00 | ₹ 740 | ₹ 7,400 | ₹ 74,000 |
| Sept 6, 2023 | ₹ 74.70 | ₹ 747 | ₹ 7,470 | ₹ 74,700 |
| Sept 5, 2023 | ₹ 75.20 | ₹ 752 | ₹ 7,520 | ₹ 75,200 |
| Sept 4, 2023 | ₹ 76.20 | ₹ 762 | ₹ 7,620 | ₹ 76,200 |
| Sept 3, 2023 | ₹ 76.90 | ₹ 769 | ₹ 7,690 | ₹ 76,900 |
| Sept 2, 2023 | ₹ 76.90 | ₹ 769 | ₹ 7,690 | ₹ 76,900 |
| Sept 1, 2023 | ₹ 77.10 | ₹ 771 | ₹ 7,710 | ₹ 77,100 |
Silver Price in August
| Date | Silver Price 10gram | Silver Price 100gram | Silver Price 1Kg |
| Aug 31, 2023 | ₹ 776 | ₹ 7760 | ₹ 77600 |
| Aug 30, 2023 | ₹ 776 | ₹ 7760 | ₹ 77600 |
| Aug 29, 2023 | ₹ 771 | ₹ 7710 | ₹ 77100 |
| Aug 28, 2023 | ₹ 769 | ₹ 7690 | ₹ 76900 |
| Aug 27, 2023 | ₹ 769 | ₹ 7690 | ₹ 76900 |
| Aug 26, 2023 | ₹ 764 | ₹ 7640 | ₹ 76400 |
| Aug 25, 2023 | ₹ 764 | ₹ 7640 | ₹ 76400 |
| Aug 24, 2023 | ₹ 769 | ₹ 7690 | ₹ 76900 |
| Aug 23, 2023 | ₹ 753 | ₹ 7530 | ₹ 75300 |
| Aug 22, 2023 | ₹ 748 | ₹ 7480 | ₹ 74800 |
| Aug 21, 2023 | ₹ 733 | ₹ 7330 | ₹ 73300 |
| Aug 20, 2023 | ₹ 733 | ₹ 7330 | ₹ 73300 |
| Aug 19, 2023 | ₹ 733 | ₹ 7330 | ₹ 73300 |
| Aug 18, 2023 | ₹ 735 | ₹ 7350 | ₹ 73500 |
| Aug 17, 2023 | ₹ 725 | ₹ 7250 | ₹ 72500 |
| Aug 16, 2023 | ₹ 730 | ₹ 7300 | ₹ 73000 |
| Aug 15, 2023 | ₹ 728 | ₹ 7280 | ₹ 72800 |
| Aug 14, 2023 | ₹ 728 | ₹ 7280 | ₹ 72800 |
| Aug 13, 2023 | ₹ 762 | ₹ 7620 | ₹ 76200 |
| Aug 12, 2023 | ₹ 730 | ₹ 7300 | ₹ 73000 |
| Aug 11, 2023 | ₹ 730 | ₹ 7300 | ₹ 73000 |
| Aug 10, 2023 | ₹ 730 | ₹ 7300 | ₹ 73000 |
| Aug 9, 2023 | ₹ 735 | ₹ 7350 | ₹ 73500 |
| Aug 8, 2023 | ₹ 740 | ₹ 7400 | ₹ 74000 |
| Aug 7, 2023 | ₹ 750 | ₹ 7500 | ₹ 75000 |
| Aug 6, 2023 | ₹ 751 | ₹ 7510 | ₹ 75100 |
| Aug 5, 2023 | ₹ 751 | ₹ 7510 | ₹ 75100 |
| Aug 4, 2023 | ₹ 748 | ₹ 7480 | ₹ 74800 |
| Aug 3, 2023 | ₹ 750 | ₹ 7500 | ₹ 75000 |
| Aug 2, 2023 | ₹ 773 | ₹ 7730 | ₹ 77300 |
| Aug 1, 2023 | ₹ 780 | ₹ 7800 | ₹ 78000 |
Purity of Silver
Silver, in its natural state, is often mixed with other metals to form alloys, as pure silver is relatively soft and not as durable for certain applications. Purity of silver is measured in terms of “fineness,” which indicates the percentage of pure silver content in a particular alloy. For instance, 99.9% pure silver would be expressed as “999 fineness,” and this level of purity is commonly referred to as “fine silver.”
Different Grades of Silver Purity
Fine Silver (999): Fine silver is the pinnacle of silver purity, consisting of 99.9% silver. It is renowned for its exceptional shine and luster, making it a favorite for crafting exquisite jewelry pieces and bullion coins.
Britannia Silver (958): With a silver content of 95.8%, Britannia silver is a high-purity alloy, often utilized for crafting luxury items and collectible pieces.
Mexican Silver (950): Mexican silver is an alloy consisting of 95% silver and 5% other metals. This grade of silver is well-regarded for its use in creating artistic jewelry and intricate silverware.
Sterling Silver (925): Sterling silver, often used in high-quality cutlery, jewelry, and decorative items, contains 92.5% silver and 7.5% of other metals, usually copper. This alloy strikes a perfect balance between durability and elegance.
Coin Silver (900): Coin silver, historically used for crafting coins, contains 90% silver and 10% other metals. While not as common today, it still holds historical significance and value.
Factors affecting the price of Silver
The price of silver, like any other commodity, is affected by a variety of factors. These factors can be broadly classified as follows.
1. Supply and demand
The basic principle of supply and demand plays an important role in determining the price of silver. When the demand for silver exceeds the supply, the price rises, and vice versa. Supply chain factors include mining, recycling, and government sales or purchases of silver. Demand is influenced by industrial applications (electronics, photography, solar panels, etc.), consumption of jewellery and silver products, and investment demand.
2. Industrial and Technological Uses
Silver has a variety of industrial applications, especially in electronics and electrical components. Changes in technology, manufacturing, and global economic conditions could affect the demand for silver in these areas.
3. Economic Conditions
The state of the global economy can affect the price of silver. During a recession, the industrial demand for silver can be reduced, which can cause the price to drop. Conversely, during periods of economic growth, industrial demand is likely to increase, driving up the price of silver.
4. Money Strength
The value of the U.S. dollar and other major currencies can affect the price of silver. Since silver is priced in U.S. dollars on international markets, a stronger dollar generally leads to a lower silver price, as it becomes relatively more expensive for holders of other currencies.
5. Interest Rates
Silver, like other commodities, competes with interest-yielding assets for investment. When interest rates are high, investors may be less inclined to hold non-interest-bearing assets like silver, which could lead to decreased demand and potentially lower prices.
6. Investor Sentiment
Market sentiment and speculative trading can create short-term fluctuations in the price of silver. News, rumors, and market perceptions can impact investor sentiment and lead to sudden price movements.
7. Inflation and Monetary Policy
Inflation can impact the price of silver as investors may turn to precious metals as a hedge against currency devaluation and rising prices. Changes in monetary policy by central banks can also influence silver prices.
8. Commodity Market Trends
Silver prices can be influenced by trends in the broader commodity markets, especially other precious metals like gold and platinum.
Investing in Silver
Silver has long been regarded as a precious commodity, dating back centuries. Its unique properties have made it not only a symbol of wealth but also an essential component in various industrial applications. As the demand for silver continues to grow, so does its allure to investors seeking to diversify their portfolios and protect against economic uncertainties.
1. Physical Silver
You can purchase physical silver in the form of coins, bars, or rounds. Be sure to buy from reputable dealers to ensure the authenticity and purity of the silver.
2. Silver Exchange-Traded Funds (ETFs)
ETFs are investment funds traded on stock exchanges that track the price of silver. Investing in silver ETFs provides a convenient way to gain exposure to the metal without the need to hold physical silver.
3. Silver Futures and Options
Futures contracts and options allow investors to speculate on the future price of silver. However, futures options trading can be complex and risky, so it is generally more suitable for experienced investors.
4. Silver Mining Stocks
Another option is to invest in companies that are involved in silver mining and production. The value of mining stocks can be influenced not only by the price of silver but also by the overall performance of the company.
5. Silver Mutual Funds
Mutual funds that focus on silver-related investments can also be considered. These funds may invest in silver mining stocks, ETFs, and other silver-related assets.
6. Silver Certificate Programs
Some companies offer silver certificate programs where you can buy and store silver in secure vaults. These programs allow you to hold silver without the need to physically store it yourself.
Disclaimer – Be Aware Of The Risks Before You Consider Investing
Trading and investing carries a lot of risk, you may lose some or all of your investment. Each commodity or other financial instrument may not be appropriate for all investors.
We accept no responsibility for any loss or damage you suffer – this means that you alone are responsible for your actions in any trading or investing activities.
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