Silver Rate in Goa Last Updated : 09 Dec 2022

  • Today's Silver Rate In Goa (09 Dec 2022)

    ₹ 72.5
    Today's Silver Rate per gram

    Compare Silver Rate In Goa (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 Goa 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 Goa

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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 Rate in Goa

    Silver is easily bought and sold anywhere across the world owing to its intrinsic value. Silver’s store of value makes it a safe form of investment. The white precious metal adds stability in addition to diversifying the investment portfolios of customers. Many consumers prefer investing in silver since the precious metal can be easily sold during periods of extreme economic instability.

    Silver rate in Goa depends on various national and international factors. silver price is viewed as a hedge against overall inflation. Many investors in Goa view the white precious metal as a surrogate for the yellow metal, during periods when they are restrictions on the gold trade. Silver is widely sold in various forms such as silverware and trendy jewellery among others.

    Details of Silver Price in Goa (1 Kg) - Till November 2015

    The price of 1 kg of silver in Goa was pegged at Rs.35,534. The silver price has been plummeting barring minor fluctuations from the start of the year when it was pegged at Rs.40079 in January. The price of silver fell by -2.8% to Rs.38936 in February. The downward slide continued in the months of March when the price of the precious metal fell by -2.2% to Rs.38025. The price of silver stabilised in the middle of April at Rs.38360. The month of May witnessed a mini rally in that the price of the white precious metal rose by 5.5% to Rs.40484. The price of silver, however, plummeted by -5.14% to Rs.38,400 in June. The slide continued in the following month of August and September at Rs.36061 and Rs.36028 respectively. 1 kg of silver was pegged at Rs.35455 in November.

    Silver as an investment in Goa

    Customers buy silver bars (100g, 500g or 1kg) in addition to coins. Investors can also trade in e-Silver at National Spot Exchange Limited (NSEL) where they can open an account and opt for physical delivery. Investment can also consider investing in Milestone Bullion Series1.

    Physical silver: For many customers, one of the simplest ways of investing in silver is to buy it the form of bars and coins available in standard denominations across various stores in Goa. Various kinds of jewellery from necklaces and bracelets to rings and other traditional items are also sold.

    Silver contracts: Investors can trade in top commodity exchanges such as MCX and NCDEX. Silver futures can be traded in 1 kg, 5 kg or any combination. Several charges such as exchange levy and stamp duty should be borne by customers.

    FAQs on Silver Rate in Goa

    1. What are the factors that determine the price of silver in Goa?
    2. The price of silver is dependent on a number of factors such as the demand and supply of the precious metal, rates of interest, international political conditions, condition of the stock markets, government policies, and so on.

    3. Will the silver price keep changing in Goa?
    4. Yes, the silver price in Goa will keep changing. The silver prices change on the basis of the fluctuations in the market, government tariffs and duties, etc.

    5. What is the best time to purchase silver in Goa?
    6. There is no pre-determined timeframe for buying silver. You can invest in the precious white metal at any time of the year. However, keeping an eye on the market trends and buying when the silver prices are relatively low can be beneficial to you.

    7. What are the options through which I can invest in Silver?
    8. You can invest in silver through Silver ETFs of the US Market, by purchasing silver jewellery, silver coins, antiques, through Silver Futures Trading, and so on.

    9. Where can I buy silver in Goa?
    10. You can visit any reputed jewellery store to purchase silver in Goa. Silver can be purchased in the form of bars, coins, and jewellery. In addition to this, you can also consider visiting the official websites of branded and trusted jewellers and make online purchases for silver.

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