Today Silver Price in India - Live Update per Gram

Today Silver Price / Rate in India live update per gram rate all Major Cities in India..

SILVER PRICE TODAY

Do you know why are precious metals bought? There can be many reasons behind this, but the main reason is that during the economic downturn or inflation, it helps to keep the investments safe and ever-growing. This is a tangible good that can be diversified against equities.

Silver Price in India

Silver Rate Today in India (17th September 2023) is ₹ 74.70 /Gram

On 17 SEPT 2023, the price of silver stands at about Rs.74.70 per GRAM. Let us understand the complete bifurcation of the price list (in India) –

Gram	Silver Rate Today	Silver Rate Yesterday	Daily Price Change
1 gram	74.70	74.70	0
8 gram	597.60	597.60	0
10 gram	747	747	0
100 gram	7,470	7,470	0
1 Kg	74,700	74,700	0

Silver is a precious metal that is malleable, ductile, and lustrous. The demand for silver is exceeding its production. It means that the price of this commodity will only appreciate.

FACTORS AFFECTING THE PRICE OF SILVER –

There are various factors affecting the price of silver in India. Some of them are –

Industrial demand – As our country is industrializing at a fast pace, the demand for silver is hiked off as it is also considered an industrial product.
Import Duties – Silver is imported in India, so Import duty is also levied. So, if the import charge is high, the price of silver will also be high.
Large Investors – The silver market is smaller than the gold market. If a large investor comes into the market for silver, the price gets affected. For eg. Once Warren Buffet purchased about 130 million troy ounces of silver from the market which was priced at $4.50 per ounce.
Oil Prices – The silver price is affected by the oil prices because silver mining is an energy–consuming process. Import of Silver requires a sound logistics platform, which is dependent on the supply of oil. So the dynamic price of Gold and silver keeps on varying according to the price of Oil.
Inflation – When more commodities are exported to a country, its trade deficit increases. So, the government might curb the import to some extent. If this is for silver, it affects its price.
Gold rate – Silver price follows the price trends of gold. So, any fluctuations in the gold price will affect the silver price similarly.
US Dollar Fluctuation – When the dollar rises the price decreases and when the dollar decreases, the price of silver increases. The US dollar fluctuation is inversely proportional to the price of silver.
Large Concentrated Short Position – When short silver contracts fall in the hands of only a few investors, it impacts the price of the silver in both the short and long run.

Indian Major Cities Today Silver Price’s / Rates

City	10 gram	100 gram	1 Kg
Chennai	782	7,820	78200.00
Mumbai	747	7,470	74700.00
Delhi	747	7,470	74700.00
Kolkata	747	7,470	74700.00
Bangalore	732.50	7,325	73250.00
Hyderabad	782	7,820	78200.00
Kerala	782	7,820	78200.00
Pune	747	7,470	74700.00
Vadodara	747	7,470	74700.00
Ahmedabad	747	7,470	74700.00
Jaipur	747	7,470	74700.00
Lucknow	747	7,470	74700.00
Coimbatore	782	7,820	78200.00
Madurai	782	7,820	78200.00
Vijayawada	782	7,820	78200.00
Patna	747	7,470	74700.00
Nagpur	747	7,470	74700.00
Chandigarh	747	7,470	74700.00
Surat	747	7,470	74700.00
Bhubaneswar	782	7,820	78200.00
Mangalore	732.50	7,325	73250.00
Visakhapatnam	782	7,820	78200.00
Nashik	747	7,470	74700.00
Mysore	732.50	7,325	73250.00
Cuttack	782	7,820	78200.00
Davanagere	732.50	7,325	73250.00
Bellary	732.50	7,325	73250.00
Gurgaon	747	7,470	74700.00
Ghaziabad	747	7,470	74700.00
Noida	747	7,470	74700.00
Salem	782	7,820	78200.00
Vellore	782	7,820	78200.00
Amaravati	782	7,820	78200.00
Guntur	782	7,820	78200.00
Nellore	782	7,820	78200.00
Kakinada	782	7,820	78200.00
Tirupati	782	7,820	78200.00
Kadapa	782	7,820	78200.00
Anantapur	782	7,820	78200.00
Warangal	782	7,820	78200.00
Nizamabad	782	7,820	78200.00
Khammam	782	7,820	78200.00
Berhampur	782	7,820	78200.00
Rourkela	782	7,820	78200.00
Rajkot	747	7,470	74700.00
Vasai-Virar	747	7,470	74700.00
Aurangabad	747	7,470	74700.00
Solapur	747	7,470	74700.00
Bhiwandi	747	7,470	74700.00
Kolhapur	747	7,470	74700.00
Latur	747	7,470	74700.00
Tirupur	782	7,820	78200.00
Tirunelveli	782	7,820	78200.00
Trichy	782	7,820	78200.00
Sambalpur	782	7,820	78200.00
Amravati	747	7,470	74700.00
Erode	782	7,820	78200.00
Indore	747	7,470	74700.00
Kanpur	747	7,470	74700.00
Kochi	782	7,820	78200.00
Ludhiana	747	7,470	74700.00
Thane	747	7,470	74700.00
Amritsar	747	7,470	74700.00
Nagercoil	782	7,820	78200.00
Trivandrum	782	7,820	78200.00
Thanjavur	782	7,820	78200.00
Bhopal	747	7,470	74700.00
Varanasi	747	7,470	74700.00
Goa	732.50	7,325	73250.00
Karur	782	7,820	78200.00
Kumbakonam	782	7,820	78200.00
Namakkal	782	7,820	78200.00
Agra	747	7,470	74700.00
Dharmapuri	782	7,820	78200.00
Dindigul	782	7,820	78200.00
Tuticorin	782	7,820	78200.00
Cuddalore	782	7,820	78200.00
Kanchipuram	782	7,820	78200.00
Krishnagiri	782	7,820	78200.00
Villupuram	782	7,820	78200.00
Kovilpatti	782	7,820	78200.00
Theni	782	7,820	78200.00
Tiruvannamalai	782	7,820	78200.00
Hosur	782	7,820	78200.00
Karaikudi	782	7,820	78200.00
Pudukkottai	782	7,820	78200.00
Ramanathapuram	782	7,820	78200.00
Ambur	782	7,820	78200.00
Kanyakumari	782	7,820	78200.00
Nagapattinam	782	7,820	78200.00
Virudhunagar	782	7,820	78200.00
Kallakurichi	782	7,820	78200.00
Pollachi	782	7,820	78200.00
Arcot	782	7,820	78200.00
Palani	782	7,820	78200.00
Ariyalur	782	7,820	78200.00
Mohali	747	7,470	74700.00
Paramakudi	782	7,820	78200.00
Perambalur	782	7,820	78200.00
Jayankondam	782	7,820	78200.00
Kodaikanal	782	7,820	78200.00
Ooty	782	7,820	78200.00
Rameswaram	782	7,820	78200.00
Sivagangai	782	7,820	78200.00
Tiruvarur	782	7,820	78200.00

Credit : The above price data we gather information from goodreturns.in

SILVER BUYING OPTIONS –

With the changing times, buying silver in solid form is not the only option. Investors can now buy silver in various forms. Let us discuss some of them –

It can be bought as a physical coin or bullion.
It can be bought as a silver futures contract.
It can be bought as shared of precious metals as ETF (Exchange – traded fund).
Investors can buy silver mining-related stocks to have ownership in silver mining operations in the future. (Silver Mining Equities).

Sliver Rate in Bharat Last 10 Days

Date	10 gram	100 gram	1 Kg
Sep 17, 2023	747.00	7,470.00	74700.00 ( 0 )
Sep 16, 2023	747.00	7,470.00	74700.00 ( 700 )
Sep 15, 2023	740.00	7,400.00	74000.00 ( 500 )
Sep 14, 2023	735.00	7,350.00	73500.00 ( 0 )
Sep 13, 2023	735.00	7,350.00	73500.00 ( -1000 )
Sep 12, 2023	745.00	7,450.00	74500.00 ( 500 )
Sep 11, 2023	740.00	7,400.00	74000.00 ( 500 )
Sep 10, 2023	735.00	7,350.00	73500.00 ( 0 )
Sep 9, 2023	735.00	7,350.00	73500.00 ( -500 )
Sep 8, 2023	740.00	7,400.00	74000.00 ( 0 )

Most Asking questions About today silver price :

1. How profitable is the silver investment?

For those who are open to taking high-risk exposure, buying silver might not give attractive benefits. But, for those who look for a safer investment and savings option, silver makes sense.

2. What is better – buying a silver bar or many silver coins?

Both of them contain the same risk of protection against loss or theft. However, buying silver coins or bullion can make selling the same easy as one can limit the quantity that they want to sell.

3. Why is Silver cheap than gold?

Because of Supply and demand. Silver is abundant, so it is less priced. There are some other reasons also.

4. Why do people buy silver in India?

There are many reasons it requires no bank account, demand, and supply matches, the market of silver can be predicted easily. Moreover, it can be liquidated easily.

5. How to do silver trading?

Open a demat account to trade in NSEL. Once made, you can purchase silver online. This silver will be in the dematerialized form.

6. What is hallmarking?

It is a process that officially tells the metal amount present in any silver article.

7. When is the best time to purchase silver?

The best time is when there is a financial downturn in the economy. The ideal time is when the market is stable.

8. Do we have to pay any tax when we purchase silver?

Yes. Above Rs. 5 lakhs, you have to pay 1 percent tax.

9. What are the reasons behind the increase in the price of silver?

Rising market volatility and dollar fluctuations.

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Today Silver Price in India – Live Update per Gram