Today's Silver Rate in Delhi Last Updated : 08 Dec 2022

Silver is one of the most sought-after commodities in Delhi. The national capital, with its vast population, is a major driver for silver sales in the country.

Consequently, silver rate today in Delhi can be accepted as a benchmark for silver rates in the country. Silver is not only popular with the ever-expanding middle class in the city, even the lower income groups rely on silver as a form of investment to hedge against inflation and market movement, while they receive the option for immediate liquidity when the need so arises.

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  • Today's Silver Rate in Delhi (08 Dec 2022)

    ₹ 71.3
    Today's Silver Rate per gram

    Compare Silver Rate In Delhi (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Silver (1 gram) ₹ 71.3 ₹ 71 ₹ 0.3 ↑
    Bar Silver (1 Kg) ₹ 71,300 ₹ 71,000 ₹ 300 ↑

    Silver Price In Delhi For Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    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
    29 Nov 2022 ₹ 68 ₹ 68,000

    Weekly & Monthly Graph of Silver Rate in Delhi

    • 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 Rate in Delhi

    Silver is mainly purchased in Delhi in its physical form, which offers options such as coins, silverware, jewelry, bullions and so on. Silver is also traded by residents of Delhi in the Multi Commodity Exchange and the National Commodities and Derivatives Exchange, which offer different contracts of silver, and are available for a specified number of months in a year.

    Know - Gold Rate in Delhi

    Historical Trend of Silver Price in Delhi

    Months Lowest Silver Price Per Kg Highest Silver Price Per Kg
    November 2022 65,400 68,700
    October 2022 65,500 68,200
    September 2022 65,300 68,400
    August 2022 65,200 68,450
    July 2022 65,100 68,400
    June 2022 65,200 68,500
    May 2022 63,400 69,500
    April 2022 68,800 75,200
    March 2022 70,000 77,600
    February 2022 65,300 70,600
    January 2022 64,300 69,300
    December 2021 64,600 66,300
    November 2021 66,500 71,700
    October 2021 63,700 70,300
    September 2021 63,000 69,600
    August 2021 65,000 73,100
    July 2021 68,400 75,000

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

    Parameters Silver price (per kg)
    December 1 Rate Rs.69,800 per kg
    December 6 Rate Rs.70,800 per kg
    Highest Rate in December Rs.72,500 per kg on 5 December
    Lowest Rate in December Rs.69,800 per kg on 1 December
    Overall Performance Incline

    Trend of Silver Rate in Delhi for November 2022 (rates 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 Performance Decline

    Trend of Silver Rate in Delhi 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 and 16 October
    Overall Performance Decline

    Trend of Silver Rate in Delhi 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
    Overall Performance Decline

    Interesting Facts About Silver

  • The following are some of the interesting facts about silver:
  • Polished silver reflects 95% of visible light and due to this property, the metal is used in manufacturing mirrors, microscopes, solar panels, telescopes, and others.
  • Silver was discovered in 4000 BC and was used as currency in ancient Egypt, when its value was higher than gold.
  • Silver has germ-killing properties and is hence, considered good for health.
  • The first silver US dollar coin was minted in the year 1794.
  • Silver coins minted before 1965 in the US had 90% silver and half dollar minted during Kennedy era had 40% silver.
  • One of the above coins was auctioned at a price of above Rs.5 million in 2015.
  • Silver is the best conductor of electricity out of all elements in the periodic table.
  • Silver iodide, a silver compound, is used in cloud seeding and controlling hurricanes.
  • Mexico and Peru are the largest and second-largest silver producers in the world, respectively.
  • Factors that Affect Silver Prices in Delhi:

    The main factors that influence silver price in Delhi are as given below:

    • Industrial demand - Silver as a non-investment product has great demand in industrial applications. So, the more the industrial demand, the more the silver rate in Delhi will be.
    • Global economy - The price of silver in Delhi is impacted by inflation rates and the global supply of money
    • US dollar - Since the US dollar is a strong international currency, it has a direct bearing on the rate of silver in Delhi. When the US dollar comes down, the silver price goes up.
    • Import duty - Silver is imported in Delhi and hence, if there is an increase in the import duty, the silver prices will go up.
    • Prevailing taxes - If there is an increase in the state-imposed taxes and the excise duty, then the silver prices in respective states go up accordingly.
    • Inflation - Silver is considered as a hedge against inflation and hence, silver prices go up when the inflation trend in the nation’s capital, Delhi, rises.

    Movement of Silver Rate in Delhi:

    The movement of silver rate in Delhi is connected to both global and local factors as listed in the paragraph above. The silver price in Delhi has been more or less steady and sometimes high based on current economic events. If physical silver is not desired, then silver contracts in the form of Exchange-Traded Funds (ETFs) can be bought.

    Silver as an Investment in Delhi

    Silver is considered to be a good bet for savings-oriented investment by the residents of Delhi. It is popular among the rural classes also as it offers a means of stability and easy liquidity to them when the need arises. Silver is primarily purchased as silverware or jewelry in Delhi, followed by a decent demand for coins and other products such as idols and lamps. Major areas where investment in silver is seen in the national capital are:

  • Physical silver - These are available in the form of jewelry, ornaments, silverware, bars, coins and other varieties. Physical silver can be purchased from the multitude of jewelry and precious metal stores and dealers spread throughout the city. Customers get a large number of options to choose from, owing to the historic city’s centuries old interest in the shiny metal. There are dedicated silver-sellers also operating in the city, who provide various products and options to customize as per customers’ choice.
  • Silver contracts - Silver contracts are available from the Multi Commodity Exchange (MCX) and National Commodities and Derivatives Exchange (NCDEX). The exchanges offer silver in different purities such as 999 and 995 purity, and offer contracts on silver of various weights. In general, silver is priced and sold in base units of 1 kg.
  • Silver coins and bars - Silver bars and coins are considered as a rightful option of investment which can be stored and used in future. Silver bars are of higher purity and weigh more compared to that of silver coins. These are also more cost-effective options of investment than silver coins.
  • Is it Beneficial to Invest in Silver?

    Yes, investing in silver is a beneficial option. The following are the points that prove that investing in silver is advantageous:

  • Buying and selling of silver is easy and simple
  • This is comparatively a cheaper option than gold
  • Silver offers attractive investment option in the form of silverware and coins that can be passed on to the future generations
  • This can be liquified into cash
  • Silver is a tangible asset as compared to stocks or bank accounts
  • Also Check Silver Price in Near By Cities of Delhi

    FAQs on Silver Rate in Delhi

    1. How is the silver rate today in Delhi calculated?
    2. Today’s silver price in Delhi is determined by a number of factors such as crude oil prices, geo-political and economic events, the value of the dollar, industrial demand, commodity prices, government policies on import and export, etc.

    3. Will the silver price in Delhi keep changing?
    4. Yes, the silver rate in Delhi will keep changing, sometimes from day to day, or sometimes from week to week, depending on the changing economic factors and government policies as stated above.

    5. Where can I find the best silver price in Delhi?
    6. To find the best silver rate in Delhi, you will have to compare the prices from different silver sellers or jewelers which will tell you where you can get the best quality silver at the lowest price for your budget.

    7. What should I check when looking for the best silver rate in Delhi?
    8. When looking for the best silver price in Delhi, you should also ensure that it does not compromise the quality of the silver. Check for BIS hallmark before purchasing silver coin or jewelry. Look for 99.9% pure silver and ensure to buy only from a reputed dealer.

    9. When buying silver at the best silver price in Delhi, how do I ensure the quality is good as well?
    10. You can check the quality of the silver by running a magnet over the silver coin or jewelry as if it sticks to the magnet, it is not good quality silver. Sterling silver alloy is the best quality silver which is only 7.5% copper or other metals and 92.5% pure silver.

    11. Why is silver rate different in different states of India?

      Silver is imported in India and hence, the import duty imposed on the silver prices causes the variation in its prices in different Indian states. The higher the import duty will be, the higher will be the silver prices.

    12. Who decides silver price in India?

      The supply and demand are the two important factors that decides the silver prices in India. Any rise or fall in the demand and supply of silver will result in the fluctuation in silver prices.

    13. What happens to silver when interest rates rise?

      Debt and silver values are inversely proportional to each other. This means that when interest rates are low, the silver prices drop and vice versa.

    14. Which quality of silver is best?

      The best quality of silver to opt for is sterling silver that consists of 92.5% of the precious metal. Look for the 925 stamp of sterling silver before making an investment.

    15. How much silver can I legally own in India?

      You can own silver worth Rs.5 lakh legally in India. Any amount above Rs.5 lakh will require you to submit the registered valuer’s report and Form O-8. The tax assessing officer will calculate the market value separately and the report won’t be binding.

    16. Is it good to purchase silver during inflation?

      Silver is considered as an effective hedge against inflation, but if a particular year or decade is considered, then investing in silver will not be a good option for your investment portfolio.

    17. Who controls the silver price?

      Commodity Exchange Inc. (COMEX) determines the fluctuations in silver prices. The exchanges centered at Hong Kong, London, New York, Zurich, Chicago, and China derives the spot price for silver.

    18. Will silver ever lose its real value?

      No, silver won’t ever lose its real value completely as it is a finite tangible asset. It may suffer market fluctuation like other commodities but won’t ever lose its inherent value completely.

    Read More on Silver

    News About Delhi Silver Rate

    • Hike in the silver rates on 25 November

      In Mumbai, Delhi, and Kolkata, 1 kg of silver costs Rs.62,200; in Chennai, Hyderabad, and Bengaluru, it costs Rs.68,200.

      26 November 2022

    • Silver prices stands at Rs.62,000 per kilogram on 17 November 2022

      The silver prices went down by Rs.700 today, 17 November, and stand at Rs.62,000 per kilogram in Delhi, Mumbai, and Kolkata. The white metal is retailing at Rs.68,500 for one kilogram in Hyderabad, Chennai, and Bengaluru. Silver prices dropped by 0.60% per ounce in the international market.

      18 November 2022

    • Prices of Silver on 9 November 2022

      OA kilogram of silver sold for Rs.61,700 on 9 November 2022, an increase in price. On 9 November 2022, the bulk of the major cities, including Mumbai, Delhi, Kolkata, and Pune, would charge Rs.61,700 for a kilogram of silver; however, Chennai and Hyderabad will charge Rs.66,700 for a kilogram.

      10 November 2022

    • Silver prices went up on Multi Commodity Exchange on 25 October 2022

      The silver futures went up by 0.23% today, 25 October, on the Multi Commodity Exchange (MCX). After a jump of Rs.132, the price of white metal stands at Rs.57,880 per kilogram.

      27 October 2022

    • One kg of silver in Delhi costs Rs.56,900 on 3 October 2022

      In Delhi, the price for a kg of silver on 3 October 2022 was Rs.56,900. When compared to the previous session, the prices remained the same. The prices for a kg of silver in Kolkata and Mumbai are Rs.56,900, while the prices for a kg of silver in Hyderabad, Bengaluru, and Chennai are Rs.62,000. In the global markets, the prices of the white metal jumped by 0.7% and are $19.12 for an ounce.

      4 October 2022

    • Silver prices decline today on 29 September 2022

      Silver rates witnessed a decline and are now at Rs.55,000 per kg on Wednesday. In Chennai, Hyderabad, and Bengaluru, one kg of silver is being sold at Rs.60,700. The price of silver in Delhi, Kolkata, Mumbai, and Jaipur stands at Rs.55,000 per kg.

      29 September 2022

    • Silver rates dip in India on 15 September 2022

      When compared to the trading price on 14 September 2022, silver prices dipped in India on 15 September 2022. In the national capital, the prices for a kg of silver are Rs.56,000. Silver prices in Delhi, Mumbai, Kolkata, Lucknow, Jaipur, Ahmedabad, Surat, and Patna are Rs.56,000 for a kg. In Bengaluru, Hyderabad and Chennai, the prices of silver are Rs.61,800 per kg.

      15 September 2022

    • Cost of silver jumps at Rs.54,200 per kilo 9 September 2022

      Silver is selling at Rs.54,200 today, after a jump in its price of Rs.1,400 per kilo. The prices have risen in early trade today.

      9 September 2022

    • Price of Silver on 5 September 2022

      A kilogram of silver increased in value and was sold for Rs.53,220 on 5 September 2022. On 5 September 2022, the majority of major cities, including Mumbai, Delhi, Kolkata, and Pune, charged Rs.53,220 for a kilogram of silver. However, Bengaluru, Chennai, and Hyderabad charged Rs.58,200 for a kilogram of silver.

      5 September 2022

    • Silver Prices on 24 August 2022

      The price of silver decreased by Rs.300 to Rs.54,900 per kg on 24 August 2022, Wednesday. Silver was going for Rs.54,900 a kilogram in Delhi, Mumbai, and Kolkata. Silver is being sold for Rs.60,700 a kilogram in Chennai, Bengaluru, Hyderabad, and Kerala.

      24 August 2022

    • Silver Rate on 5 July 2022

      There is an increase in silver prices on Tuesday, 5 July 2022. With a gain of 0.43% or Rs.252 to Rs.58,740 a kg, silver futures saw higher trading.

      05 July 2022

    • Silver rates cross Rs.58,500 for a kg on 1 July 2022

      Silver futures prices on the Multi Commodity Exchange (MCX) fell by 0.71% and are Rs.58,467 for a kg on 1 July 2022. Silver prices in the spot market were Rs.58,803 for a kg on 30 June 2022. In the international markets, the prices of the white metal fell and are $20.16 for an ounce. Unlike silver, gold futures on MCX prices jumped on 1 July 2022.

      01 July 2022

    Silver Rate in Metro Cities
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