Silver Rate Today in Bhopal Last Updated : 04 Jun 2023

India is the largest importer of silver in the world. Not surprisingly, most consumers in Bhopal hold silver in high regard. Many investors view the white precious metal as a surrogate for the yellow metal, especially when there are restrictions on the gold trade. Non-traditional and small investors, therefore, view silver as a safe haven in terms of investment.

  • Today's Silver Rate in Bhopal (04 Jun 2023)

    ₹ 77.8
    Today's Silver Rate per gram

    Compare Silver Rate In Bhopal (Today & Yesterday)

    Rate Change
    Silver (1 gram) ₹ 77.8 ₹ 78.6 ₹ -0.8 ↓
    Bar Silver (1 Kg) ₹ 77,800 ₹ 78,600 ₹ -800 ↓

    Silver Price In Bhopal For Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    03 Jun 2023 ₹ 77.8 ₹ 77,800
    02 Jun 2023 ₹ 78.6 ₹ 78,600
    01 Jun 2023 ₹ 77.6 ₹ 77,600
    31 May 2023 ₹ 76.8 ₹ 76,800
    30 May 2023 ₹ 76.5 ₹ 76,500
    29 May 2023 ₹ 77 ₹ 77,000
    28 May 2023 ₹ 77 ₹ 77,000
    27 May 2023 ₹ 77 ₹ 77,000
    26 May 2023 ₹ 76.2 ₹ 76,200
    25 May 2023 ₹ 76.5 ₹ 76,500

    Weekly & Monthly Graph of Silver Rate in Bhopal

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    • 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 Bhopal

    According to experts, most consumers gravitate towards conventional forms of investment such as precious metals and more so towards silver which is more affordable than the yellow metal. Silver is used in a variety of industries apart from fashionable and trendy silverware and articles which are commonplace. Silver rate today in Bhopal depends on various international and national developments such as inflation, investment flow and correction in the price of gold among other factors.

    Also Know - Gold Rate in Bhopal

    Trend of Silver Rate in Bhopal for March 2023 (rates per kg)

    Parameters Silver price (per kg)
    March 1 Rate Rs.70,200 per kg
    March 31 Rate Rs.77,500per kg
    Highest Rate in March Rs.77,500 per kg on 31 March
    Lowest Rate in March Rs.67,300 per kg on 10 March
    Overall Monthly Performance Incline
    Percentage Change 9.41%

    Trend of Silver Rate in Bhopal for February 2023 (rates per kg)

    Parameters Silver price (per kg)
    February 1 Rate Rs.74,800per kg
    February 28 Rate Rs.69,200per kg
    Highest Rate in February Rs.77,300 per kg on 2 February
    Lowest Rate in February Rs.69,000 per kg on 27 February
    Overall Monthly Performance Decline
    Percentage Change -8.09%

    Trend of Silver Rate in Bhopal for January 2023 (rates per kg)

    Parameters Silver price (per kg)
    January 1 Rate Rs.74,500per kg
    January 31 Rate Rs.74,300per kg
    Highest Rate in January Rs.75,800 per kg on 16 January and 17 January
    Lowest Rate in January Rs.73,500 per kg on 6 January and 19 January
    Overall Monthly Performance Decline
    Percentage Change -0.26%

    Trend of Silver Rate in Bhopal for December 2022 (rates per kg)

    Parameters Silver price (per kg)
    December 1 Rate Rs.69,800 per kg
    December 31 Rate Rs.74,300 per kg
    Highest Rate in December Rs.74,700 per kg on 21 December and 22 December
    Lowest Rate in December Rs.69,800 per kg on 1 December
    Overall Monthly Performance Incline
    Percentage Change 6.05%

    Today Silver price in Bhopal

    The rate of silver in Bhopal has been plummeting.The precious white metal is pegged at Rs.34,415 per kg, a -5.1% decrease from Rs.36,265 in the month of November. The white precious metal which was pegged at Rs.39,985 in January plummeted in the following months of February, March and April at Rs.37436, Rs.36424 and Rs.36340 respectively. The silver prices continued the downward trend in June and July barring mini rallies. The white precious metal which was pegged at Rs.35476 towards the end of August registered a -1.2% decrease towards the end of September at Rs.35049.

    Silver as an investment in Bhopal

    Many view the white precious metal as a safe haven in terms of investment. Silver is regarded as a store of wealth given its intrinsic value. There is a view that in the event of a government default, the price of the yellow metal may shoot up. During times of economic instability, most consumers turn to traditional investment forms such as silver.

    Physical silver: Most consumers buy silver in the form of jewellery or artefacts. There are several prominent stores across Bhopal which offer a wide range of silverware, coins and jewellery including designer silver jewellery with intricate kundan work. Silver Bars and Silver Coins are also sought.

    Silver contracts: Silver is traded in Multi Commodity Exchange (MCX) and National Commodity & Derivatives Exchange (NCDEX). Silver micro is traded in 1 kg. The initial margin is 5%. Customers should bear various charges such as brokerage, exchange levy and stamp duty among others.

    Also Check Silver Price in NearBy Cities of Bhopal

    FAQs on Silver Rate in Bhopal

    1. Is silver a good investment in Bhopal?
    2. Yes. Silver is a good investment option and its price is less compared to gold. It is used in making jewellery, silverware, mirrors, batteries, electrical wiring, and more.

    3. What are the different ways to invest in silver in Bhopal?
    4. You can invest in silver in multiple ways such as silver jewellery, coins, bars, etc.

    5. Can I purchase silver from banks in Bhopal?
    6. Yes. You can purchase silver bars, coins, and more from banks.

    7. When is the best time to purchase silver in Bhopal?
    8. The best time to purchase silver is when the rates are low. For this, you will need to check silver prices on a daily basis in order to analyse the price trend.

    9. Should I purchase silver bars or coins in Bhopal?
    10. If you want to make a small investment, you can purchase silver coins. However, silver bars are a preferred choice to receive maximum returns if you want to purchase bulk stocks.

    Read More on Silver

    Facts About Silver Silver Jewelry

    News About Bhopal Silver Rate

    Silver trading at Rs.64,100 per kg in Delhi on Monday

    On Tuesday, the silver was trading at Rs.70,300 per kg in the country. In Mumbai and Chennai, a kilo of white metal cost Rs.74,700. The price of gold was up by Rs.10 on Monday with 10 grams 22 karats gold costing Rs.48,410 and 24 karats gold costing Rs.52,810 in Delhi and Mumbai.

    In Bengaluru, Hyderabad and Kolkata, 10 grams of 24-karat gold cost Rs.52,810, while 10 grams of 22-karat gold cost Rs.48,410. It needs to be mentioned here that the price of gold varies across the country due to factors like excise duty, state taxes, and making charges.

    14 March 2022

    Gold prices increase by Rs.119, silver climbs Rs.745

    According to HDFC Securities, in Delhi, the gold prices increased by Rs.119 to Rs.46,919 per 10 gram. The yellow metal was sold at Rs.46,800 per 10 gram in the previous trade. Silver prices climbed by Rs.745 to Rs.60,777 per kg which was Rs.60,032 per kg in the previous trade.

    In the global markets, the yellow metal was being sold with gains at $1,827 per ounce while silver prices remained flat at $23.15 per ounce.

    14 January 2022

    Silver Rate in Metro Cities
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