Today Silver Rate in Himachal Pradesh Last Updated : 06 Dec 2022

  • Today's Silver Rate In Himachal Pradesh (06 Dec 2022)

    ₹ 70.8
    Today's Silver Rate per gram

    Compare Silver Rate In Himachal Pradesh (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Silver (1 gram) ₹ 70.8 ₹ 72.5 ₹ -1.7 ↓
    Bar Silver (1 Kg) ₹ 70,800 ₹ 72,500 ₹ -1,700 ↓

    Silver Price In Himachal Pradesh for Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    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
    28 Nov 2022 ₹ 67.5 ₹ 67,500
    27 Nov 2022 ₹ 67.5 ₹ 67,500

    Weekly & Monthly Graph of Silver Rate in Himachal Pradesh

    • 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.

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    Silver Rate in Himachal Pradesh

    Himachal Pradesh might evoke the image of a calm, green place surrounded by mountains, but it is one of the fastest growing economies in the country, apart from being home to some of the richest farmers in India. Like other states in the country, silver was used extensively in Himachal Pradesh during the reign of kings, forming a deep association with the people here. While Himachal might not account for a large portion of silver consumed in the country, it still has a sizeable population which uses silver. Silver prices in the state are closely related to international rates, with prices changing on a regular basis.

    Trend of Silver Rate in Himachal Pradesh for October 2022 (rates per kg)

    Parameters Silver price (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 Himachal Pradesh for September 2022 (rates per kg)

    Parameters Silver price (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%

    Trend of Silver Rate in Himachal Pradesh for August 2022 (rates per kg)

    Parameters Silver price (per kg)
    Parameters Silver Price (per kg)
    August 1 Rate Rs.63,300 per kg
    August 31 Rate Rs.60,000 per kg
    Highest Rate in August Rs.64,800 per kg on 13 August, 14 August, and 15 August
    Lowest Rate in August Rs.60,000 per kg on 29 August and 31 August
    Overall Monthly Performance Decline
    Percentage Change -5.21%

    Trend of Silver Rate in Himachal Pradesh for June 2022 (rates per kg)

    Parameters Silver price (per kg)
    June 1 Rate Rs.67,000 per kg
    June 30 Rate Rs.65,200 per kg
    Highest Rate in June Rs.68,500 on 3 June
    Lowest Rate in June Rs.65,200 per kg on 30 June
    Overall Monthly Performance Decline
    Percentage Change -2.68%

    Trend of Silver Rate in Himachal Pradesh for May 2022 (rates per kg)

    Parameters Silver price (per kg)
    May 1 Rate Rs.69,500 per kg
    May 31 Rate Rs.67,500 per kg
    Highest Rate in May Rs.69,500 on 1 May 2022
    Lowest Rate in May Rs.63,400 per kg on 13 May 2022
    Overall Monthly Performance Decline
    Percentage Change -2.87%

    Trend of Silver Rate in Himachal Pradesh 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 and 29 April
    Overall Monthly Performance Decline
    Percentage Change -3.06%

    Trend of Silver Rate in Himachal Pradesh 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%

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

    Parameters Silver price (per kg)
    1 February Rate Rs.65,300 per kg
    28 February 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%

    Details of Silver Price in Himachal Pradesh (1 Kg) - Till December 2015

    Individuals who wish to purchase silver in Himachal Pradesh can do so by weight. Silver can be purchased in quantities ranging from a gram to a few kilograms, depending on individual requirement. The current cost of 1 kg silver in the state is Rs 35,956 (as of December 21, 2015). The cost of silver for most of the year has been below the Rs 40,000 per kg mark, making it pocket friendly and cost effective. Prices peaked in May, going over the Rs 42,000 mark per kg, and dropped to their lowest in March and December, touching lows of Rs 35,200 and Rs 34,500 per kg respectively.

    Silver as an investment

    Silver has been around for centuries, and continues to be popular even today, highlighting its importance in a world starved for precious metals. Silver provides a safe and affordable option to millions who cannot purchase other, more expensive metals. The demand for silver in multiple industries has ensured that one can get good returns, without high risk. The ability to melt and mould silver into desired shapes gives it more ornamental value, while retaining its integrity. Young investors can look towards silver to add to their investment portfolio without having to empty their pockets. Physical silver and silver contracts are two of the most popular means of investing in silver in Himachal Pradesh today.

    Physical silver – Silver jewellery, coins and bars have been used exhaustively in Himachal Pradesh, with an option available for every budget. Silver jewellery is integral to the culture of the state, with it being a mainstay when it comes to accessories. Intricate designs make jewellery from the state unique, with a growing demand witnessed in different parts of the globe. Silver jewellery is traditionally purchased during festivals and celebrations, passing down from generation to generation, making it an important family heirloom. Silver bars and coins are used predominantly for investments, thanks to the liquidity they provide and their purity. These coins can be purchased from both banks and jewellers, with the ones purchased from banks costing more on account of purity checks and quality assurance.

    Silver contracts – Silver contracts and futures are still in their infancy in the state, primarily due to lack of awareness about the same. Individuals who wish to participate in such trade can do so through the National Commodities and Derivatives Exchange, the National Multi Commodity Exchange and the Multi Commodity Exchange. This is ideal for individuals who are well versed with how markets function and can help your investment grow, but are also subject to market risks.

    Read More on Silver

    FAQs on Silver Rate in Himachal Pradesh

    1. What is the minimum amount of silver that I can purchase on MCX?
    2. The minimum amount of silver that you can purchase on MCX is 100 grams. It should be 99% pure.

    3. What are the factors that affect the prices of Silver in India?
    4. Some of the factors which affect the prices of silver in India are the rate of Indian rupee in comparison with the US dollar, supply and demand for the metal, technology, global economic trend, etc. Sometimes, certain political factors, either domestic or international, also affect the cost of silver.

    5. Will the price of silver remain the same in Himachal Pradesh?
    6. No, the price of silver is revised on a daily basis. Hence, the price will not be the same throughout.

    7. How can I invest in Silver ETFs in the US Market and what is the limit?
    8. As per the RBI guidelines, you can invest up to $200,000 in Silver ETFs in US market through HDFC’s international trading accounts, ICICI Direct, Kotak’s international trading accounts, etc.

    9. What are the options through which I can invest in Silver?
    10. You can invest in silver through Silver ETFs of the US Market, Silver Futures Trading, by purchasing silver jewelry, antiques, silver coins, etc.

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