Silver Rate in Bhopal

  • Today's Silver Rate in Bhopal ( 19 May 2022 )

    ₹ 65.1
    Today's Silver Rate per gram

    Compare Silver Rate In Bhopal (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Silver (1 gram) ₹ 65.1 ₹ 65.4 ₹ -0.3 ↓
    Bar Silver (1 Kg) ₹ 65,100 ₹ 65,400 ₹ -300 ↓

    Silver Price In Bhopal For Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    18 May 2022 ₹ 65.1 ₹ 65,100
    17 May 2022 ₹ 65.4 ₹ 65,400
    16 May 2022 ₹ 64.5 ₹ 64,500
    15 May 2022 ₹ 63.7 ₹ 63,700
    14 May 2022 ₹ 63.7 ₹ 63,700
    13 May 2022 ₹ 63.4 ₹ 63,400
    12 May 2022 ₹ 65.5 ₹ 65,500
    11 May 2022 ₹ 66.1 ₹ 66,100
    10 May 2022 ₹ 66.5 ₹ 66,500
    09 May 2022 ₹ 66.7 ₹ 66,700

    Weekly & Monthly Graph of Silver Rate in Bhopal

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    *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 Price in Bhopal

    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.

    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 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 Check Silver Price in NearBy Cities of Bhopal

    Also Know: Gold Rate in Bhopal

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

    Parameters Silver Price (per kg)
    April 1 Rate Rs.71,700 per kg
    April 30 Rate Rs.69,500 per kg
    Highest Rate in April Rs.75,200 on 18 April
    Lowest Rate in April Rs.68,800 per kg on 28 April
    Overall Monthly Performance Decline
    Percentage Change 3.06%
    • The silver price in Bhopal stood at Rs.71,700 per kg on the first day of the month of April 2022.
    • The highest rate of the metal was recorded on 18 April where the price was Rs.75,200 per kg. The lowest rate of silver during the month was recorded on 28 April 2022. On this day, a kilogram of the metal had been traded at the rate of Rs.68,800 per kg.
    • During the month, the price of silver witnessed an overall incline decline in its performance the percentage change standing 3.06%.

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

    Parameters Silver Price (per kg)
    March 1 Rate Rs.70,000 per kg
    March 28 Rate Rs.71,300 per kg
    Highest Rate in March Rs.77,600 on 9 March
    Lowest Rate in March Rs.70,000 per kg on 1 March
    Overall Monthly Performance Incline
    Percentage Change 1.85%
    • The silver price in Bhopal stood at Rs.70,000 per kg on the first day of the month of March 2022.
    • The highest rate of the metal was recorded on 9 March where the price was Rs.71,300 per kg. The lowest rate of silver during the month was recorded on 1 March 2022. On this day, a kilogram of the metal had been traded at the rate of Rs.70,000 per kg.
    • During the month, the price of silver witnessed an overall incline in its performance the percentage change standing at 1.85%.

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

    Parameters Silver Price (per kg)
    February 1 Rate Rs.65,300 per kg
    February 28 Rate Rs.70,100 per kg
    Highest Rate in February Rs.70,600 per kg on 24 February
    Lowest Rate in February Rs.64,900 per kg on 7 February
    Overall Monthly Performance Incline
    Percentage Change 7.35%
    • Silver price in Bhopal opened the month of February at the rate of Rs.65,300 per kg.
    • The precious white metal recorded the highest price on the 24th of February wherein a kilogram of silver was being traded at the rate of Rs.70,600. The lowest price of the valuable metal was recorded on the 7th of February when it stood at the rate of Rs.64,900 per kg.
    • Silver closed the month at the rate of Rs.70,100 per kg. in Bhopal. The overall performance of silver witnessed an inclining trend with the percentage change standing at 7.35%.

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

    Parameters Silver Price (per kg)
    January 1 Rate Rs.66,600 per kg
    January 31 Rate Rs.65,400 per kg
    Highest Rate in January Rs.69,300 per kg on 21 January
    Lowest Rate in January Rs.64,300 per kg on 10 January
    Overall Monthly Performance Decline
    Percentage Change -1.80%
    • Silver prices in Bhopal started off at Rs.66,600 per kg and soon dipped to the lowest price point of Rs.64,300 per kg on 10 January.
    • However, silver rates in Bhopal started fluctuating thereafter to peak on 21 January at the highest price point which was Rs.69,300 per kg.
    • However, due to the continued fluctuation in silver prices in Bhopal, the final gold rate for January on the 31st was Rs.65,400 per kg.
    • The overall trend in silver prices in Bhopal was on a decline with a percentage change of –1.80%.

    Trend of Silver Rate in Bhopal for December 2021 (rates per kg)

    Parameters Silver Price (per kg)
    December 1 Rate Rs.66,300 per kg
    December 31 Rate Rs.66,000 per kg
    Highest Rate in December Rs.66,300 on 1 December, 28 December, and 29 December
    Lowest Rate in December Rs.64,600 per kg on 15 December
    Overall Monthly Performance Decline
    Percentage Change -0.45%
    • Silver rates opened in Bhopal for the month of December at Rs.66,300 per kg. This was also the highest rate during this month and repeated itself on 28 and 29 December.
    • After the first week, silver prices in Bhopal started declining to hit the lowest price point on 15 December at Rs.64,600 per kg.
    • By the last day of the month, silver rates in the city closed at Rs.66,000 per kg.
    • The overall performance of silver was on a decline in December in Bhopal with a percentage change of –0.45%.

    Trend of Silver Rate in Bhopal for November 2021 (rates per kg)

    Parameters Silver Price (per kg)
    Rate on 1 November 2021 Rs.68,700 per kg
    Rate on 30 November 2021 Rs.66,500 per kg
    Highest Rate in November Rs.71,700 per kg on 13 and 14 November
    Lowest Rate in November Rs.66,500 per kg on 30 November
    Overall Monthly Performance Decline
    Percentage Change -3.20%
    • Silver prices in Bhopal in November started off at Rs.68,700 per kg and soon started increasing to hit the highest price point of Rs.71,700 per kg which stayed the same for two consecutive days, 13 and 14 November.
    • However, silver rates in Bhopal started fluctuating after that point to hit the lowest rate of Rs.66,500 per kg by the end of the month.
    • The overall performance of silver in Bhopal in November was on a decline with a percentage change of –3.20%.

    Silver rates in Bhopal

    The rate of silver in Bhopal has been plummeting since January 2015. 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 price 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 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.

    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?
    4. You can invest in silver in multiple ways such as silver jewellery, coins, bars, etc.

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

    7. When is the best time to purchase silver?
    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?
    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.

    Silver Rate - Sitemap

    News About Silver Rate in Bhopal

    • 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

    • Plunge in spot silver prices on 8 September

      Spot silver prices by a percentage change of 0.06% to settle at $25.2 per Troy ounce on Wednesday. On the Multi Commodity Exchange (MCX), the price of silver futures increased to settle at Rs.64,854 per kg. This was an increase of Rs.13 per kg which was a percentage change of 0.02%.

      08 September 2021

    • Decline in gold and silver prices

      The prices of gold dipped by Rs.92 to settle at Rs.48,424 per 10 grams in New Delhi. Previously, the yellow metal settled at Rs.48,516 per 10 grams. Silver prices decreased by Rs.414 to Rs.70,181 per kg. In the previous trade, silver prices were Rs.70,595 per kg in the previous trade. In the international market, the price of gold traded higher at $1,893 per ounce. Silver traded flat at $27.65 per ounce.

      10 June 2021

    • Silver prices trading at Rs.66,300 per kg; gold prices increase to Rs.49,870 per 10 grams in the market

      Gold prices increased on 14 April from Rs.48,860 per 10 grams to Rs.49,870 per 10 grams. Silver prices were at Rs.66,300 per kg in the domestic market. In New Delhi, 22-karat gold was priced at Rs.45,710 per 10 grams. 24-karat gold was priced at Rs.47,700 per 10 grams in Chennai. The precious metal had declined previously by Rs.130 on 13 April 2021.

      In the previous trade, gold prices had recorded a decline by Rs.130 and silver prices had fallen by Rs.305.

      In the international market, gold prices recovered and spot gold was trading higher by 0.7% at $1,744.33 per ounce and U.S. gold futures increased by the same to $1,743.90 per ounce.

      14 April 2021

    • Silver futures traded flat on Thursday

      As support from easing US Treasury yields was offset by a strong dollar, silver futures traded flat on Thursday. On the Multi Commodity Exchange (MCX), silver futures slipped by Rs.95 and cost Rs.65,150 per kg while in the spot market, the rate of the white metal was down by Rs.866 to cost Rs.64,607 per kg. In the global market, silver futures increased by 0.1 percent to cost $25.10 per ounce.

      Gold futures on the MCX were up by 0.05 percent and cost Rs.44,883 for every 10 grams while in the spot market, the yellow metal dipped by Rs.149 to cost Rs.44,350 for 10 grams in Delhi on Wednesday. In the global market, spot gold was little changed at $1,734.81 per ounce while US gold futures remained steady at $1,732.90 per ounce. The holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund fell by 0.2 percent to 1,043.03 tonnes on Wednesday.

      25 March 2021

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