Silver Rate in Andhra pradesh Last Updated : 31 Jan 2023

Silver is the second most traded precious metal in the world, finding use in multiple industries and trades. Being a natural resource, the demand for silver has never faded away, with it forming the core of our past. Andhra Pradesh is one of the few states in India which produce silver, making it an extremely important entity for silver trade.

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  • Today's Silver Rate In Andhra Pradesh (31 Jan 2023)

    ₹ 74.7
    Today's Silver Rate per gram

    Compare Silver Rate In Andhra Pradesh (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Silver (1 gram) ₹ 74.7 ₹ 74.2 ₹ 0.5 ↑
    Bar Silver (1 Kg) ₹ 74,700 ₹ 74,200 ₹ 500 ↑

    Silver Price In Andhra Pradesh for Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    30 Jan 2023 ₹ 74.7 ₹ 74,700
    29 Jan 2023 ₹ 74.2 ₹ 74,200
    28 Jan 2023 ₹ 74.2 ₹ 74,200
    27 Jan 2023 ₹ 74.6 ₹ 74,600
    26 Jan 2023 ₹ 75 ₹ 75,000
    25 Jan 2023 ₹ 74 ₹ 74,000
    24 Jan 2023 ₹ 74 ₹ 74,000
    23 Jan 2023 ₹ 74.7 ₹ 74,700
    22 Jan 2023 ₹ 74.3 ₹ 74,300
    21 Jan 2023 ₹ 74.3 ₹ 74,300

    Weekly & Monthly Graph of Silver Rate in Andhra Pradesh

    • 7 Days
    • 30 Days
    • 3 Months
    • 6 Months

    *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.

    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.

    FAQs on Silver Rate in Andhra Pradesh

    1. Why do people prefer silver over gold in a lot of markets?
    2. Silver is generally a cheaper method of investment when you compare it with gold. So, it can be bought in bulk also.

    3. In what weights can I buy silver in Andhra Pradesh?
    4. You can buy silver in the form of coins and 1 kg bars.

    5. On which platforms are silver traded?
    6. Silver is traded in Multi Commodity Exchange, National Spot Exchange and National Commodity & Derivatives Exchange.

    7. Can I get 99.99% pure silver in India?
    8. Yes, a few banks in India offer 24 Carat 99.99% pure silver bars with tamper-proof packs and an assay certification.

    9. Are ETFs available in India?
    10. No, Silver exchange traded funds (ETFs) are not currently available in the country.

    Also Check Silver Price in Metro Cities

    News About Andhra pradesh Silver Rate

    • Silver futures steady at Rs.64,000 on 23 February 2022

      Silver futures prices on MCX were down by Rs.145 or 0.23% and were trading at Rs.64,200 per kg. Silver rates in the spot market on 21 February were at Rs.64,372 for a kg. In the global markets, silver rates jumped by 0.2% and were trading at $24.13 for an ounce.

      23 February 2022

    • Silver Prices on 19 January 2022

      A kilo of silver was priced at Rs.61,700 on Wednesday, 19 January 2022. This was a decrease of Rs.300 from yesterday’s price. On Wednesday, 1 kg of silver was selling for Rs.65,800 in Chennai, while it was selling for Rs.61,700 in Delhi and Mumbai. In Kolkata, silver is selling for Rs.61,700 per kilogram, while in Hyderabad and Bengaluru, it is selling for Rs.65,800 per kg.

      20 January 2022

    Silver Rate in Metro Cities
    Silver Rate in Priority Pages

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