Todays Silver Rate in Hyderabad Last Updated : 02 Apr 2023

The silver price today in Hyderabad is primarily dependent on local demand, though external factors such as the U.S. dollar rate, global economic climate etc., also influence rates.

While predominantly used for industrial purposes, the precious metal is also sought after by the retail sector, where it is bought as jewellery. A more comprehensive guide to silver rate in Hyderabad along with daily rates for both 1 gram as well as 1 kg of silver can be found below.

  • Today's Silver Rate in Hyderabad (02 Apr 2023)

    ₹ 77.5
    Today's Silver Rate per gram

    Compare Silver Rate In Hyderabad (Today & Yesterday)

    Rate Change
    Silver (1 gram) ₹ 77.5 ₹ 76.2 ₹ 1.3 ↑
    Bar Silver (1 Kg) ₹ 77,500 ₹ 76,200 ₹ 1,300 ↑

    Silver Price In Hyderabad For Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    31 Mar 2023 ₹ 77.5 ₹ 77,500
    30 Mar 2023 ₹ 76.2 ₹ 76,200
    29 Mar 2023 ₹ 76 ₹ 76,000
    28 Mar 2023 ₹ 75.7 ₹ 75,700
    27 Mar 2023 ₹ 76 ₹ 76,000
    26 Mar 2023 ₹ 76 ₹ 76,000
    25 Mar 2023 ₹ 76 ₹ 76,000
    24 Mar 2023 ₹ 75.7 ₹ 75,700
    23 Mar 2023 ₹ 75.4 ₹ 75,400
    22 Mar 2023 ₹ 74 ₹ 74,000

    Weekly & Monthly Graph of Silver Rate in Hyderabad

    • 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 Price in Hyderabad

    Silver has been a constant commodity in this historic city. Hyderabad is one of the major cities in the South, and boasts of a large and upwardly mobile middle-class population. The city has some of the best sites dating back to centuries and has been a preferred destination for a wide range of tourists and commercial interests alike. Silver Rate in Hyderabad follow the trend of international prices, albeit with the addition of a few local dynamics which also affect silver rate today in the city.

    Silver is an intrinsic part of the culture of Hyderabad. The city boasts of a substantial reserve of silver, which is mainly held by private dealers. The city also has a robust precious metals market that offers a range of products and some of the best workmanship in the country.

    Know - Silver trend in india

    Historical Trend of Silver Price in Hyderabad

    Months Lowest Silver Price Per Kg Highest Silver Price Per Kg
    February 2023 69,000 77,300
    January 2023 73,500 75,800
    December 2022 69,800 74,700
    November 2022 63,700 68,500
    October 2022 60,500 67,000
    September 2022 58,000 63,200
    August 2022 60,000 64,800
    July 2022 60,000 65,000
    June 2022 65,200 68,500
    May 2022 63,400 69,500
    April 2022 68,800 75,200

    March 2023 Silver Rate in Hyderabad(rates per kg)

    Parameters Silver price (per kg)
    March 1 Rate Rs.70,200 per kg
    March 27 Rate Rs.76,000 per kg
    Highest Rate in March Rs.76,000 per kg on 25, 26, and 27 March
    Lowest Rate in March Rs.67,300 per kg on 10 March
    Overall Performance Incline

    February 2023 Silver Rate in Hyderabad(rates per kg)

    Parameters Silver price (per kg)
    February 1 Rate Rs.74,800 per kg
    February 28 Rate Rs.69,200 per 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 Performance Decline

    January 2023 Silver Rate in Hyderabad(rates per kg)

    Parameters Silver price (per kg)
    January 1 Rate Rs.74,300 per kg
    January 31 Rate Rs.74,500 per 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
    Overall Performance Decline

    December 2022 Silver Rate in Hyderabad(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 22 December
    Lowest Rate in December Rs.69,800 per kg on 1 December
    Overall Performance Incline

    Silver as an Investment in Hyderabad

    Silver is quite popular as a form of investment in Hyderabad. A significant part of the population owns physical silver in one form or the other, and also considers it while hedging against inflation. Silver has been a mainstay in segments such as jewellery, coins, idols, artefacts etc. in the city. The following investment options are pursued by people from Hyderabad:

    jewellery - This is the most popular commodity among the residents of Hyderabad, and also the country at large. jewellery forms the mainstay of the precious metal business in Hyderabad, and there are a lot of stores and outlets to cater to the needs of the people. Silverware and other gifting items are also commonly sold in the city.

    Coins - Silver coins are a popular commodity owing to their easy availability and liquidity options. Coins are sold by both private dealers and banks at a premium over the market rates. These are available in different purities as well as the quantity of silver, making them a versatile and somewhat cheaper solution than buying bulk.

    Bullions - Bullions are sold in larger quantities, generally over 1 kg of silver per piece of the metal. Bullions are also available in various purities, and can be purchased at market rates of silver. This makes them the cheapest option among physical silver products, as per market prices. Also, customers should ensure they only approach well-respected dealers only as these deals are done for a substantial amount of money and reliability becomes an issue.

    Commodity exchange - Silver is also available as a tradable commodity in exchanges such as NCDEX and MCX. These exchanges sell silver on futures contracts and are open for 6 months in a year. The base quantity is generally set at 1 kg of silver. Commodity exchanges allow customers to trade the metal without actually holding the metal in hand.

    Tax on Silver Rate in Hyderabad

    Anyone who buys silver in Hyderabad has to pay a value-added tax (VAT). If you buy silver bullion for more than Rs.5 lakh in cash, you must pay a 1% tax at the time of purchase. If the net taxable wealth of your silver is more than Rs.30 lakh for the fiscal year, you must pay a wealth tax of 1%. After the Goods and Services Tax was implemented throughout India on 1 July 2017, Hyderabad will also impose a 3% tax on silver.

    Factors to Consider When Buying Silver in Hyderabad

    There are several elements to consider when deciding whether or not to buy silver. These factors specifics are described below:

    Forms of Silver - You can buy silver in various forms such as jewellery, coins, bars, household items, etc. Silver can be acquired in any of these forms at the current or available rates. This is the most important factor to consider when acquiring silver.

    Silver Certification - The city of Hyderabad gives certification for the silver that customers intend to buy. This will guarantee the authenticity and purity of silver.

    Silver Rates - Another key factor to consider when acquiring silver is the current silver rate. You should always track the silver rates to get the best price. This will also ensure the profits on your silver investments are maximised.

    Purchase Method - The mode of purchase is a significant factor to consider when buying silver. Silver can now be purchased offline as well as from a variety of e-commerce websites. With the option to buy silver online, you can easily obtain silver in retail or large quantities for personal use as well as investment purposes. To avoid any fraud/theft, must confirm that the website is properly certified and legitimate before buying silver.

    To make a silver investment, you can buy it through the exchanges listed. Silver may also be acquired in bulk through the same notified exchanges. While India does not have a recognised silver exchange, you can trade silver via the US market’s notified silver exchanges.

    FAQs on Silver Rate in Hyderabad

    1. Where can I get the best quality silver in Hyderabad?
    2. You can purchase the best quality silver in the top retail silver stores in the city. Apart from this, you can also purchase silver at almost all jewellery stores in Hyderabad.

    3. Will the silver price in Hyderabad keep changing?
    4. Yes, the silver price keeps changing due to various factors which include the value of the rupee against the U.S. dollar, the price of crude oil, the trend of the equities market, etc.

    5. What international factors affect the silver rate in Hyderabad?
    6. There are many international factors which affect the silver rate in Hyderabad since the gold and silver market in India is dependant on the international bullion market. Crude oil prices, the value of international currencies, etc. Play a major role in the silver prices in India and Hyderabad.

    7. What is the best way to invest in silver in Hyderabad?

      You can do investment in silver in various forms like coins, bars, statues, or ornaments. Apart from this, you can also purchase silver in digital formats.

    8. Is there any way to check purity of silver?

      near the metal. Silver is supposed to be non-magnetic. If it doesn’t get attracted then your metal is pure. The other method is to put ice on it. Since silver has high thermal heat, the ice should melt faster. If that happens then your silver is pure and real.

    9. Is there a best time when silver can be purchased?

      Most investors usually purchase silver when the economy and financial markets are down. Silver rates fall during this period.

    10. Can silver bars be purchased at jewellery shops?

      Yes, silver bars can be purchased at jewellery shops.

    11. What is the minimum amount of silver that I can purchase on MCX?

      You can purchase a minimum of 100 grams on MCX.

    12. What are the options through which I can invest in Silver?

      You can invest in silver through Silver ETFs of the US Market, Silver Futures Trading, by purchasing silver jewelry, antiques, silver coins, etc.

    13. Can I purchase silver online?

      Yes, you can purchase silver through numerous e-commerce websites. However, it is important to verify the authenticity and purity of silver.

    14. What is the highest purity of silver in Hyderabad?

      Silver has a purity grade of 0.9999, which is the highest possible.

    15. Is there a marking on silver jewellery that ensures its purity and authenticity in Hyderabad?

      Yes, to confirm the authenticity and purity of the silver, it is marked with the jeweller's mark and the Bureau of Indian Standards (BIS).

    16. Is it possible to trade silver through an exchange in India?

      No, you can trade silver via notified exchanges in the United States.

    17. Is sterling silver better than pure silver?

      Due of the additional metal alloys, sterling silver is substantially more durable than fine silver. This can make your item endure longer and keep the best possible appearance.

    18. Does sterling silver similar as pure silver?

      No, sterling silver is not similar to pure silver. Sterling silver is stronger and more durable than pure silver.

    News About Hyderabad Silver Price

    • Silver rates across major Indian cities on 29 March 2023

      Silver rates dipped on 29 March 2023. The price of 1 kg of silver in Kolkata, Delhi, and Mumbai is Rs.73,000. You can purchase a kg of silver in Chennai for Rs.75,700.

      30 March 2023

    • The price of silver stands at Rs.69,200 per kg today on 17 March

      Silver rates jumped by Rs.200 today, 17 March, and stand at Rs.69,200 per kg across the country.

      18 March 2023

    • Cost of silver drops marginally on 8 March 2023

      On 8 March, silver sold for Rs.62,210 per kg, as the price dropped marginally due to Holi. The price of silver dropped 3.32% or Rs.2139 to stand at Rs.62,210 per kilogram.International price fluctuations affect how much silver costs in India. It also depends on how the rupee performs against the dollar. Silver costs more if the rupee declines in value relative to its foreign counterpart and global prices stay stable.

      9 March 2023

    • The cost of silver per kg dropped in some of the major Indian cities today on 28 February

      In India, the silver rates dropped by Rs.700 per kg today, 28 February. In some of the significant Indian cities, silver is selling at Rs.67,800 per kg.

      1 March 2023

    • Silver costs Rs.68,800 per kg today on 23 February

      The price of silver across major cities like Mumbai, Delhi, Surat, Kolkata, and Jaipur stands at Rs.68,800 per kg today. The precious white metal is trading at Rs.72,000 per kg in Bengaluru and Chennai.

      24 february 2023

    • Silver rates in Chennai, Kolkata, Mumbai, and Delhi on 9 february 2023

      A kg of silver costs Rs.71,400 in Kolkata, Pune, Mumbai, and Delhi. In Bengaluru, Chennai, and Hyderabad, it was slightly more expensive as silver traded for Rs.74,000 on 9 February 2023.

      10 february 2023

    • No changes in silver prices today on 6 february 2023

      In India, no changes were recorded in the price of silver today. The precious white metal is trading at Rs.74,200 per kg in Hyderabad, Bengaluru, and Chennai. A kg of silver is priced at Rs.71,200 in Delhi, Mumbai, Jaipur, and Ahmedabad.

      7 february 2023

    • Rate of Silver on 31 January 2023

      Silver was priced at Rs.72,400 per kilogram on 31 Janaury 2023. One kilogram of silver was selling for, respectively, Rs.72,400, Rs.74,700, and Rs. The metal was being sold in Kolkata for Rs.72,400.

      1 february 2023

    • Silver rates remain steady on 23 January 2023

      Silver sold for Rs.72,300 per kg, the same price as before. Silver sold for Rs.72,300 per kg in Delhi, Mumbai, and Kolkata, and Rs.74,300 in Hyderabad and Chennai.

      25 January 2023

    • The silver rates raised by Rs.400 and stands at Rs.71,900 for one kilogram on 13 January 2023

      The cost of one kilogram of silver went up by Rs.400 in some Indian cities, and the spot silver raised by 1.80% today, 13 January. The price of white metal stands at Rs.71,900 for one kilogram in Kolkata, Delhi, and Mumbai. In Hyderabad and Chennai, silver is selling at Rs.74,000 for one kilogram.

      14 January 2023

    • The price of one kilogram of silver went up today on 30 December 2022

      The price of white metal stands at Rs.74,500 in Bengaluru, Chennai, and Hyderabad. While in Mumbai, Kolkata, and Delhi, the cost of one kilogram of silver stands at Rs.71,300. In some of the other Indian cities, such as Lucknow, Patna, Surat, Ahmedabad, and Jaipur, silver is selling at Rs.71,300 for one kg.

      31 December 2022

    • Silver prices went up by Rs.890 today on 8 December on MCX on 8 December

      On the Multi Commodity Exchange, silver prices went up by Rs.890 today, 8 December, which is over 1.00% more than the price recorded on the previous day. The Silver March future has recorded 1.31% higher than the level of Rs.66,000 and stands at Rs.66,270 in the morning trade today.

      9 December 2022

    Silver Rate in Metro Cities
    Silver Rate in Priority Pages

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    This Page is BLOCKED as it is using Iframes.