Silver Price in Major Cities in Andhra Pradesh | Price per 10 grams |
Silver Price in Vijayawada | Rs.600 |
Silver Price in Visakhapatnam | Rs.600 |
Silver Price in Guntur | Rs.600 |
Silver Price in Nellore | Rs.600 |
Silver Price in Rajahmundry | Rs.600 |
Silver Price in Kurnool | Rs.600 |
Silver Price in Kakinada | Rs.600 |
Silver Price in Anantapur | Rs.600 |
Silver Price in Tirupati | Rs.600 |
Silver Price in Kadapa | Rs.600 |
Silver Price in Chittoor | Rs.611 |
Silver Price in Bhimavaram | Rs.600 |
Silver Price in Tenali | Rs.600 |
Silver Price in Machilipatnam | Rs.600 |
Silver Price in Srikakulam | Rs.611 |
Silver Price in Eluru | Rs.600 |
Silver Price in Nandyal | Rs.611 |
Silver Price in Ongole | Rs.600 |
Silver Price in Amalapuram | Rs.611 |
Silver Price in Guntakal | Rs.611 |
*Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.
Silver Rate in Andhra Pradesh
Excellent ports have ensured that imported silver can reach Indian shores through the state. With development on the cards in Andhra Pradesh, a large portion of the population has resources to invest in silver, with silver prices not being a deterrent for them. In spite of being a silver producer, silver prices in Andhra Pradesh are related to international prices, depending on multiple factors.
- Know - Silver Trend In India
Trend of Silver Rate in Andhra Pradesh for December 2022 (rates per kg)
Parameters | Silver price (per kg) |
---|---|
Parameters | Silver Price (per kg) |
December 1 Rate | Rs.69800 per kg |
December 31 Rate | Rs.74300 per kg |
Highest Rate in December | Rs.74700 per kg on 21 December and 22 December |
Lowest Rate in December | Rs.69800 per kg on 1 December |
Overall Monthly Performance | Incline |
Percentage Change | 6.05% |
Trend of Silver Rate in Andhra Pradesh for November 2022 (rates per kg)
Parameters | Silver price (per kg) |
---|---|
Parameters | Silver Price (per kg) |
November 1 Rate | Rs.63,700 per kg |
November 30 Rate | Rs.68,000 per kg |
Highest Rate in November | Rs.68,500 per kg on 15 November |
Lowest Rate in November | Rs.63,700 per kg on 1 November |
Overall Monthly Performance | Incline |
Percentage Change | 6.75% |
Trend of Silver Rate in Andhra Pradesh for October 2022 (rates per kg)
Parameters | Silver price (per kg) |
---|---|
Parameters | Silver Price (per kg) |
October 1 Rate | Rs.62,000 per kg |
October 31 Rate | Rs.63,000 per kg |
Highest Rate in October | Rs.67,000 per kg on 5 October |
Lowest Rate in October | Rs.60,500 per kg on 15 October and 16 October |
Overall Monthly Performance | Incline |
Percentage Change | 1.61% |
Silver as an investment
Silver, unlike traditional investment modes is considered a safe investment option, primarily due to its demand across the globe. The importance of silver in festivals and celebrations has made it a culturally significant metal, finding a place in our homes and banks. The low cost of silver compared to gold provides an investment opportunity to new investors and those with moderate resources, helping them build a decent investment portfolio. Two of the most popular modes of silver investment in Andhra Pradesh are silver contracts and physical silver, each having unique benefits.
Physical Silver – Physical silver accounts for most of the silver consumed in Andhra Pradesh, with silver coins, bars and Silver Jewelry being the preferred choice for millions in the state. No wedding and celebration are complete without silver, with people considering it auspicious. Sale of silver peaks during festivals like Diwali, with great prices on offer. Silver coins can be purchased from both banks and jewellers, with the ones purchased from banks generally costing more on account of purity checks and quality. Jewellers across the state cater to different budgetary requirements, offering products ranging from chains, rings, amulets, etc.
Silver contracts and futures – Indian markets have grown over the years, helping people make money through smart investment choices. Silver can be purchased through these markets, with it being traded on the Multi Commodity Exchange, National Commodity and Derivatives Exchange, etc. These options can help one make quick profits but are also riskier than traditional investment modes, and one should exercise caution while investing.
Know - Silver Rate In India
FAQs on Silver Rate in Andhra Pradesh
- Why do people prefer silver over gold in a lot of markets?
- In what weights can I buy silver in Andhra Pradesh?
- On which platforms are silver traded?
- Can I get 99.99% pure silver in India?
- Are ETFs available in India?
Silver is generally a cheaper method of investment when you compare it with gold. So, it can be bought in bulk also.
You can buy silver in the form of coins and 1 kg bars.
Silver is traded in Multi Commodity Exchange, National Spot Exchange and National Commodity & Derivatives Exchange.
Yes, a few banks in India offer 24 Carat 99.99% pure silver bars with tamper-proof packs and an assay certification.
No, Silver exchange traded funds (ETFs) are not currently available in the country.