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Silver Rate Today in India (Friday, Apr 5, 2024)
Apr 5, 2024
SILVER Rate in Mumbai₹802.2 / 10 gm
silver Price/gm Today in India (INR)
GM | Today's Price | Yesterday's Price | Price Change |
|---|---|---|---|
1 | ₹80.22 | ₹80.22 | ₹0 |
10 | ₹802.2 | ₹802.2 | ₹0 |
100 | ₹8,022 | ₹8,022 | ₹0 |
Major Cities silver Rate Today
City | 10 GM | 100 GM | 1000 GM |
|---|---|---|---|
₹803.2 | ₹8,032 | ₹80,320 | |
₹802.8 | ₹8,028 | ₹80,280 | |
₹802.4 | ₹8,024 | ₹80,240 | |
₹802.2 | ₹8,022 | ₹80,220 | |
₹804.6 | ₹8,046 | ₹80,460 | |
₹804.6 | ₹8,046 | ₹80,460 | |
₹800.9 | ₹8,009 | ₹80,090 | |
₹803.5 | ₹8,035 | ₹80,350 | |
₹802.1 | ₹8,021 | ₹80,210 | |
₹804.7 | ₹8,047 | ₹80,470 | |
₹801.2 | ₹8,012 | ₹80,120 | |
₹802.4 | ₹8,024 | ₹80,240 | |
₹804.6 | ₹8,046 | ₹80,460 | |
₹802.9 | ₹8,029 | ₹80,290 | |
₹802.2 | ₹8,022 | ₹80,220 | |
₹802.9 | ₹8,029 | ₹80,290 | |
₹802.2 | ₹8,022 | ₹80,220 | |
₹802.2 | ₹8,022 | ₹80,220 | |
₹801.8 | ₹8,018 | ₹80,180 | |
₹802.2 | ₹8,022 | ₹80,220 | |
₹803.3 | ₹8,033 | ₹80,330 | |
₹803.3 | ₹8,033 | ₹80,330 | |
₹803.5 | ₹8,035 | ₹80,350 | |
₹803.5 | ₹8,035 | ₹80,350 | |
View More Cities | |||
silver Rate in India for Last 10 Days (1 kg)
Date | Price |
|---|---|
2024-04-04 | ₹80,220 (900) |
2024-04-03 | ₹79,320 (2110) |
2024-04-02 | ₹77,210 (1540) |
2024-04-01 | ₹75,670 (550) |
2024-03-31 | ₹75,120 (0) |
2024-03-30 | ₹75,120 (0) |
2024-03-29 | ₹75,120 (0) |
2024-03-28 | ₹75,120 (370) |
2024-03-27 | ₹74,750 (190) |
2024-03-26 | ₹74,560 (310) |
Business News
Facts about Silver
Silver, often overshadowed by its glittering sibling gold, occupies a unique space in the Indian market. Its price fluctuations, while less volatile, are still significant for investors and consumers alike. Let's delve into the factors affecting silver prices in India and explore why it can sometimes seem expensive:
Price Structure of Silver in India:
- Purity: Similar to gold, silver prices are quoted for different purities, typically 99.9% and 99.5%.
- Making Charges: Jewellers charge a fee for crafting silver ornaments, impacting the final price.
- Taxes: Goods and Services Tax (GST) is levied on both the silver price and making charges.
Factors Affecting Prices:
- Global Silver Market: Global silver prices, influenced by factors like industrial demand, investment trends, and geopolitical situations, set the base for Indian prices.
- Gold Price Movement: Silver often tracks the broader trends of the gold market, though with its own degree of volatility.
- Rupee Strength: A stronger rupee makes silver imports cheaper, potentially leading to lower prices. Conversely, a weaker rupee pushes prices up.
- Domestic Demand: High demand during festive seasons or periods of economic uncertainty can drive prices higher.
Reasons for Perceived Expensiveness:
- Comparison to Gold: Compared to gold, silver's price movements might seem steeper due to its lower base price. A small percentage change in silver price translates to a larger absolute value.
- High Import Dependence: Similar to gold, India relies heavily on silver imports, making it vulnerable to fluctuations in global prices and currency exchange rates.
- Limited Investment Options: While offering some diversification benefits, silver investment options in India compared to gold are somewhat limited, potentially concentrating demand and influencing prices.
Understanding the factors influencing silver prices in India, particularly its connection to global markets and the rupee's strength, can help us navigate its perceived expensiveness. While global trends play a significant role, domestic factors like demand and investment options also contribute to its price dynamics.
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