Silver Rate in Bangalore Last Updated : 09 Dec 2022

Bangalore is the second largest market for precious metals in Southern India, closely behind Chennai. This metropolitan city has a vast middle class population mainly driven by the famous IT sector in the city.

Silver has become popular with the residents of Bangalore mainly as a form of investment. Silver generally offers good resale value and returns, which beats inflation and provides a secure and stable commodity to customers to bank on. Silver price today in Bangalore are driven by international prices of the commodity.

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  • Today's Silver Rate in Bangalore (09 Dec 2022)

    ₹ 72.5
    Today's Silver Rate per gram

    Compare Silver Rate In Bangalore (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Silver (1 gram) ₹ 72.5 ₹ 71.3 ₹ 1.2 ↑
    Bar Silver (1 Kg) ₹ 72,500 ₹ 71,300 ₹ 1,200 ↑

    Silver Price In Bangalore For Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    09 Dec 2022 ₹ 72.5 ₹ 72,500
    08 Dec 2022 ₹ 71.3 ₹ 71,300
    07 Dec 2022 ₹ 71 ₹ 71,000
    06 Dec 2022 ₹ 70.8 ₹ 70,800
    05 Dec 2022 ₹ 72.5 ₹ 72,500
    04 Dec 2022 ₹ 71.6 ₹ 71,600
    03 Dec 2022 ₹ 71.6 ₹ 71,600
    02 Dec 2022 ₹ 70.5 ₹ 70,500
    01 Dec 2022 ₹ 69.8 ₹ 69,800
    30 Nov 2022 ₹ 68 ₹ 68,000

    Weekly & Monthly Graph of Silver Rate in Bangalore

    • 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.

    Today's Silver Price in Bangalore

    Gold is quite expensive when compared to silver, and so silver prices has an added advantage in the market for lower income groups in the city. The metal is sold by bullion dealers, jewelry stores, artefacts shops, silverware sellers and a variety of other outlets in the city. Silver is also available for residents in Bangalore through the national commodity exchanges MCX and NCDEX.

    Check - Today's Gold rate in India

    Trend of Silver Rate in Bangalore 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 Bangalore for October 2022 (rates 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%

    Trend of Silver Rate in Bangalore for September 2022 (rates per kg)

    Parameters Silver price (per kg)
    September 1 Rate Rs.58,000 per kg
    September 30 Rate Rs.61,500 per kg
    Highest Rate in September Rs.63,200 per kg on 23 September 2022
    Lowest Rate in September Rs.58,000 per kg on 1 September and 8 September 2022
    Overall Monthly Performance Decline
    Percentage Change 6.03%

    Also Check Silver Price in NearBy Cities of Karnataka

    Silver as an Investment in Bangalore

    Silver has gradually increased its share in the local commodities market. Silver generally offers good returns and the metal can be readily sold any time a person wants to, as there is a good demand for the metal and it offers good resale value. Silver is purchased by Bangalore residents in the forms of:

    Physical silver - Physical silver encompasses categories such as bullions including bars and ingots, jewelry and ornament, silverware and other utensils, and coins, among others. Silver is also a pretty popular gifting item, and sees a seasonal spike in sales during festivals and marriage seasons. Jewelry stores sell silver at a premium over market prices due to workmanship and other costs in designing the pure metal. Bullion dealers offer the cheapest option for silver rates in Bangalore, however they generally sell silver in larger quantities, which can be expensive and call for a greater level of safety on investments. Coins are available in different purities and can be purchased from a variety of places including banks.

    Silver contracts - Silver contracts in the city can be purchased from the national commodities exchanges including NCDEX and MCX. Out of these MCX is recognized as a global silver trading market and is quite popular in and out of the country. Contracts are available for base quantities of 1kg of silver and at purities of 999 and 995 parts per thousand.

    What Are The Factors Affecting The Silver Rate In Bangalore?

    The major factors which affect the silver prices in Bangalore are the industrial demand of the metal along with the demand for physical silver. Apart from this, the international trend of silver and gold plays a major role in the volatility and constant fluctuation of the price in the city.

    Several additional factors have a role in determining silver rates in Bangalore such as geopolitical uncertainties, the trend of crude oil in the market, and the value of the U.S. dollar against other currencies. Moreover, any changes in import taxes, rate cuts by central banks also affect the silver price.

    FAQs on Silver rate in Bangalore

    1. What is the price of 1 kg silver in Bangalore?

      The price of 1 kg silver in Bangalore is Rs.61,100.

    2. Can I invest in silver in Bangalore?

      Yes. Silver is a good form of investment and also it has various uses like making jewellery, silverware, electrical wiring, mirrors, dental alloys, batteries, and anti-bacterial medicines. Not only this, but it is also affordable as compared to gold.

    3. What is the cost of ten grams silver in Bangalore?

      The cost of ten grams of silver in Bangalore is Rs.637.

    4. Should I buy silver coins or bars in Bangalore?

      Purchasing silver coins can be a small form of investment because it can be stores easily, while, if you want to buy bulk stocks, purchasing silver bars can be a go to option for you.

    5. Can I buy silver from a bank in Bangalore?

      Yes. You can buy silver from a bank in a physical form.

    6. What is the best way to invest in silver in Bangalore?

      You can do investment in silver in various forms like coins, bars, statues, or ornaments. Apart from this, you can also purchase silver in digital formats.

    7. Is now a good time to buy silver in Bangalore?

      Yes.It is a good time to buy silver because of its lower price.

    8. Are silver bars worth buying in Bangalore?

      A wise investment for someone wishing to secure their portfolio from present economic situations would be to purchase silver bars.

    9. Where shall I purchase silver in Bangalore?

      It is always recommended to buy silver from a certified jeweller in Bangalore.

    Read More on Silver

    News About Bangalore Silver Rate

    • Silver is trading 1.31% above Rs.66,000 today on 8 December on 8 December

      The Silver March futures jumped by 1.31% above the level of Rs.66,000, which now stands at Rs.66,270. The prices of white metal went up by Rs.890 on the Multi Commodity Exchange today, 8 December, which is 1.00% more than the price on the previous day.

      9 December 2022

    • The price of the precious white metal hikes on 2 December

      Silver rates hiked in cities like Hyderabad, Bangalore, Kerala, and Vishakhapatnam. Today, a kg of silver is traded at Rs.69,800.

      3 December 2022

    • Silver falls by Rs.200 on 24 November

      In Mumbai, Delhi, and Kolkata, the price of silver is Rs.61,000 per kg, down by Rs.200. Silver prices in Chennai, Hyderabad, and Bengaluru are Rs.67,500 per kg.

      25 November 2022

    • Silver rates in Bengaluru, Delhi, Mumbai, Kolkata, and Hyderabadon 18 November 2022

      Silver rates take a fall today. The cost of silver per kg in major cities like Mumbai, Delhi, and Kolkata is Rs.61,200. In Bengaluru and Hyderabad, silver costs Rs.67,200 per kg.

      19 November 2022

    • Silver Rate on 15 November 2022

      The price of a kilogram of silver was Rs.61,700 on 15 November 2022. Most major cities, including Mumbai, Delhi, Kolkata, and Pune, charged Rs.61,700 for a kilogram of silver on 15 November 2022. However, the price for a kilogram of silver in Bengaluru, Chennai, and Hyderabad was Rs.67,700.

      16 November 2022

    • Silver Prices on 9 November 2022

      On 9 November 2022 a kilogram of silver sold for Rs.61,700, an increase in price. A kilogram of silver costs Rs.61,700 on 9 November 2022 in the majority of the main cities, including Mumbai, Delhi, Kolkata, and Pune, with the exception of Chennai and Hyderabad, where a kg cost Rs.66,700.

      10 November 2022

    • Silver price at Rs.51,800 in India on 3 November 2022

      The retail price of silver was Rs. 51,800 despite the US Federal Reserve's rate increase.

      4 November 2022

    • Silver prices remain unchanged on 27 October 2022

      The price of silver on MCX remains unchanged at Rs.58,164 per kg. The highest purity silver was being sold at Rs.57,851 per kg on Tuesday in the spot market. Spot silver prices have dropped by about Rs.2,300 per kg in the previous two sessions.

      28 October 2022

    • Silver Prices on 22 September

      Silver is being sold for Rs.56,700 per kg, the rates are steady. Meanwhile there is a dip in gold prices. One gram of 24 carat gold today costs Rs 5,013 as against Rs 5,002 yesterday.

      22 September 2022

    • Silver prices selling at Rs.60,700 for a kg on 15 September 2022 in Bengaluru

      The prices of silver in Bengaluru on 15 September 2022 are Rs.61,800 for a kg. Silver rates are the same in Chennai and Bengaluru. Silver prices in Delhi, Mumbai, Kolkata, Lucknow, Jaipur, Ahmedabad, Surat, and Patna are Rs.56,000 for a kg. When compared to 14 September 2022, silver prices dipped across the major cities in India in India on 15 September 2022.

      15 September 2022

    • Silver prices up by Rs.200 on 13 September 2022

      On Tuesday, the price of silver went up by Rs.200 with the metal being sold at Rs.55,200 per kg.Silver is priced at Rs.55,200 per kg in Delhi, Kolkata, and Mumbai. In Hyderabad, Chennai, and Bengaluru, a kg of silver is trading at Rs.61,400.

      13 September 2022

    • Silver rate went up by Rs.680 per kg today on 7 September 2022

      Silver prices jumped by Rs.680 per kilo, and spot silver went down to $17.95 per ounce by 1.2%. The price of white metal went up today and stands at Rs.53,900 per kg in Delhi, Mumbai, and Kolkata. In Kerala, Chennai, Hyderabad, and Bengaluru, silver is selling at Rs.59,000.

      7 September 2022

    • Silver prices remained low on 2 September 2022

      Today's silver prices in the Indian market remained low. After reaching a low of more than two years, spot silver prices on the international market decreased 0.8% to $17.83 per ounce.

      2 September 2022

    • Silver Prices on 26 August 2022

      Silver price increased by Rs.400 to Rs.55,400 on 26 August 2022. Silver was going for Rs.55,400 a kilogram in Delhi, Mumbai, and Kolkata.Silver is being sold for Rs.61,100 per kilogram in Chennai, Bengaluru, Hyderabad, and Kerala.

      26 August 2022

    • Silver price falls by Rs.400 per kg

      On Tuesday, the price of silver dropped by Rs.400 to Rs.55,200 per kg. Spot silver rose by 0.2% to $19.064 per ounce. Silver is priced at Rs.61,100 per kg in Bengaluru, Kerala, Chennai, and Hyderabad. In Delhi, Kolkata, and Mumbai, a kg of silver is sold at Rs.55,200.

      23 August 2022

    • The price of silver drops on 19 August 2022

      The price of silver tumbled and dropped to Rs.57,600. It must be noted that changes in price of silver in global markets determine its rate in the Indian market.

      19 August 2022

    • Silver rates drop below Rs.55,000 on 26 July

      On 26 July, gold futures gained Rs.50 to Rs.50,586 per 10 gram, while silver futures increased by Rs.153 to Rs.54,560 per kg on MCX. According to the Indian Bullion and Jewellers Association, the highest purity gold was priced at Rs.50,911 per 10 gram and the highest purity silver was sold at Rs.54,727 per kg on Monday in the spot market. Spot gold prices have surged by more than Rs.1,000 per 10 gram in the last two days, while silver costs have increased by more than Rs.800 per kg.

      27 July 2022

    • Gold and silver prices grow

      The price of gold and silver grew as the value of dollar dropped. Gold traded at 0.19% higher at MCX while silver grew 0.40%.

      21 June 2022

    • Gold prices marginally high, silver prices increase by Rs.1,603

      Gold prices increased by Rs.16 to Rs.47,878 per 10 gram amid a weak rupee. The prices for silver inched up by Rs.1,603 to Rs.63,435 per kg from Rs.61,832 per kg. In the previous trade, gold was being sold at Rs.47,862 per 10 gram. In the opening trade, the rupee decreased by 12 paise to 74.40 against the US dollar.

      In the international market, silver rates were steady at $23.64 per ounce while gold prices were higher at $1,814.94 per ounce.

      21 January 2022

    • Silver futures dip by 0.10 percent on Wednesday

      On Wednesday, the futures of silver on the Multi Commodity Exchange (MCX) dropped by 0.10 percent or Rs.63. The drop in the rate saw a kilogram of the white metal cost Rs.61,040. In the spot market, silver was priced at Rs.60,440 on Tuesday as per the Indian Bullion and Jewellers Association. In the global market, the price of spot silver shed 0.1 percent to cost $22.73 per ounce.

      On the MCX, gold futures were down by 0.03 percent and was trading at Rs.47,674 per 10 grams. In the international market, spot gold and US gold were trading at $1,819.51 and $1,819.80 per ounce respectively.

      12 January 2022

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