Silver Rate in Indore

  • Today's Silver Rate in Indore ( 22 May 2022 )

    ₹ 65.9
    Today's Silver Rate per gram

    Compare Silver Rate In Indore (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Silver (1 gram) ₹ 65.9 ₹ 65.9 ₹ 0 ↑
    Bar Silver (1 Kg) ₹ 65,900 ₹ 65,900 ₹ 0 ↑

    Silver Price In Indore For Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    21 May 2022 ₹ 65.9 ₹ 65,900
    20 May 2022 ₹ 65.9 ₹ 65,900
    19 May 2022 ₹ 65.1 ₹ 65,100
    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

    Weekly & Monthly Graph of Silver Rate in Indore

    • 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.

    Silver Price in Indore

    Silver is one of the precious metal that many people can afford in Indore. As an alternative to gold, silver has provided better returns than gold. Silver rates in Indore had jumped at a rate of 354% from the year 2008 at the rate Rs.16,525 to Rs.75,020 in the year 2011. Silver prices will steadily rise in the medium to long term as the bullion rises in Indore. This precious metal seems to be stable all over the world even in times of financial uncertainty. Silver has also been called as the ‘poor man’s gold’ as it accessible to the people of Indore who may not be able to afford gold.

    Also Check Silver Price in NearBy Cities of Indore

    Also check : Gold Rate in Indore

    Silver as an Investment:

    Jewelry - Buying silver as a jewelry or artefact is expensive than buying silver coins. But a lot of households use silver cutlery. Women like wearing silver ornaments like anklets, chains, rings and earrings. But, when you resell the jewelry, the making charges of about 10% is deducted and a melting charges is levied, which lowers the rate of return.

    Coins and bars - Silver can be bought in coins and bars. Silver coins are used in India for gifting or during the puja ceremonies in certain religion. The silver purchases are high during the festive and wedding season. The banks also offer silver coins and bars and give an assay certification as well, but they won’t buy it back from you. Whereas, dealers and jewelers will.

    Silver bullion - Through Bullion India, you can buy small quantities of pure silver at a lowest possible price with an option for free storage for no fee or brokerage. The market rates are affordable and the quality is ensured. It is easy to open and operate the account as minimum documentation is needed. You can redeem the holding and take physical delivery of the bullion at your doorstep.

    Also Check Silver Price in Top Cities

    Trend of Silver Rate in Indore 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%
    • The price of silver in Indore 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 and 29 April 2022. On this day, a kilogram of the metal had been traded at the rate of Rs.69,500 per kg.
    • During the month, the cost of silver witnessed an overall decline in its performance, the percentage change standing at 3.06%.

    Trend of Silver Rate in Indore 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 price of silver in Indore 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 cost of silver witnessed an overall incline in its performance the percentage change standing at 1.85%.

    Trend of Silver Rate in Indore 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 on 21 24
    Lowest Rate in February Rs.64,900 per kg on 7 February
    Overall Monthly Performance Incline
    Percentage Change 7.35%
    • The silver price in Indore stood at Rs.65,300 per kg on the first day of the month of February 2022.
    • The highest rate of the metal was recorded on 24 February where the price was Rs.70,600 per kg. The lowest rate of silver during the month was recorded on 7 February 2022. On this day, a kilogram of the metal had been traded at the rate of Rs.64,900 per kg.
    • During the month, the price of silver witnessed an overall incline in its performance the percentage change standing at 7.35%.

    Trend of Silver Rate in Indore 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 on 21 January
    Lowest Rate in January Rs.64,300 per kg on 10 January
    Overall Monthly Performance Decline
    Percentage Change -1.80%
    • The silver price in Indore stood at Rs.66,600 per kg on the first day of the month of January 2022.
    • The highest rate of the metal was recorded on 21 January where the price was Rs.69,300 per kg. The lowest rate of silver during the month was recorded on 10 January 2022. On this day, a kilogram of the metal had been traded at the rate of Rs.64,300 per kg.
    • During the month, the price of silver witnessed an overall decline in its performance the percentage change standing at 1.80%.

    Trend of Silver Rate in Indore 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, 28, and 29 December
    Lowest Rate in December Rs.64,600 per kg on 15 December
    Overall Monthly Performance Decline
    Percentage Change -0.45%
    • The silver price is Indore stood at Rs.66,300 per kg on the first day of the month of December 2021.
    • The highest rate of the precious metal was recorded on 1 December, 28 December, and 29 December where the price was Rs.66,000 per kg. The lowest rate of silver during the month was recorded on 15 December 2021. On this day, a kilogram of the precious metal was traded at the rate of Rs.64,600 per kg.
    • During the month, the price of silver witnessed an overall decline in its performance the percentage change standing at 0.45%.

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

    Parameters Silver Price (per kg)
    November 1 Rate Rs.68,700 per kg
    November 30 Rate Rs.66,500per kg
    Highest Rate in November Rs.71,700 per kg on 13 November and 14 November
    Lowest Rate in November Rs.66,500 per kg on 30 November
    Overall Monthly Performance Decline
    Percentage Change -3.20%
    • The silver price is Indore stood at Rs.68,700 per kg on the first day of the month of November 2021.
    • The highest rate of the precious metal was recorded on 13 November 2021 and 14 November where the price was Rs.71,700 per kg. The lowest rate of silver during the month was recorded on 30 November 2021. On this day, a kilogram of the precious metal was traded at the rate of Rs.66,500 per kg.
    • During the month, the price of silver witnessed an overall decline in its performance the percentage change standing at 3.20%

    Trend of Silver Rate in Indore for October 2021 (rates per kg)

    Parameters Silver Price (per kg)
    October 1 Rate Rs.63,700 per kg
    October 31 Rate Rs.68,900 per kg
    Highest Rate in October Rs.70,300 on 25 October
    Lowest Rate in October Rs.63,700 per kg on 1 October
    Overall Monthly Performance Incline
    Percentage Change 8.16%
    • Silver opened the month of October at Rs.63,700 per kg. This was the lowest recorded price of the white metal for the month in the city.
    • Over the month, the price of the bullion witnessed slight fluctuations in Indore. The white metal recorded its highest price for the month on 25th October when a kilo cost Rs.70,300.
    • The overall performance of silver witnessed an inclining trend. The percentage change recorded in the rates stood at 8.16%. 

    Silver Price Trends in Indore

    Silver rate as of 16th June, 2015 for 1 gram was Rs.39.36. The silver rates were at the highest at Rs.45,600 per kg in July 2014 and the lowest at Rs.35,990 in December 2014. The average value of silver over the last one year has hovered around Rs.39,000 per kg.

    The rates are based on various indicators and information provided. People tend to buy silver despite the prices being high, as they believe that the silver bullion value will soar in the coming years.

    Where can you Buy Silver from in Indore?

    You can buy silver in Indore at R K Jewellers, Anil Jewellers, Vivek Jewellers, Vinayak Jewellers, Kanashri Jewellers, Arpit Jewellers, Subash Chandra Chandmal Jain, Raghunath Prasad & Sons, Hiralal Motilal Saraf, Shri Mahalaxmi Jewellers, etc.

    FAQs on Silver Rate in Indore

    1. What are the factors that influence the silver rates in Indore?
    2. In Indore, the silver rates are influenced by various factors such as demand, inflation, gold prices, dollar fluctuations, government policies, mining costs, etc.

    3. What tests can silver buyers and sellers do to check its purity?
    4. Buyers and sellers use numerous tests on silver to determine its purity, including the ice test, magnet test, and stink test.

    5. What is the highest purity level of silver currently available?
    6. The highest purity level of silver available at present is 99.9%.

    7. What is a silver ETF?
    8. Silver ETF stands for Silver Exchange Traded Fund. At the moment, India does not have a registered ETF. If you want to trade in Silver ETF, you can do so by registering with the US Silver ETF. This may be done by registering with a registered stock broker who has access to the US Silver ETF.

    9. Where can I buy silver?
    10. There are both online and physical options for buying silver. You can buy silver from e-commerce websites, authorised jewellers, banks, etc.

    Silver Rate - Sitemap

    News About Silver Rate in Indore

    • Silver rates fall in India on 15 March 2022

      Silver futures prices on the Multi-Commodity Exchange (MCX) slumped by Rs.303 or 0.44% on 15 March and are selling at Rs.68,541 for a kg. Peace talks between Ukraine and Russia ensured that the prices of the white metal fell. In the international markets, spot silver prices slumped by 0.4% and were selling at $24.92 for an ounce. Gold futures prices fell in the country as well on 15 March 2022.

      15 March 2022

    • Silver rates fall, gold prices increase by Rs.100

      On Friday, gold was being sold at higher rates after a second consecutive weekly gain. On MCX, the price of the yellow metal jumped by 0.20% or Rs.98 at Rs.48,478 per 10 gram. Silver futures were down by Rs.210 at Rs.65,169 per kg.

      The price for the highest purity gold was Rs.48,705 per 10 gram in the spot market and silver traded Rs.64,476 per kg. In the past few weeks, spot gold prices have increased by more than Rs.1,330 while a rise of Rs.4,500 per kg has been noted in the silver rates.

      In the global markets, spot gold rates were steady at $1,838.21 per ounce while US gold futures declined by 0.2% $1,838.70. Spot silver prices dropped by 0.4% at $24.34 per ounce while palladium was down by 0.6% to $2,047.05.

      21 January 2022

    • Silver prices increase by Rs.3,050 per kg during the Diwali period

      The spot market price for silver in India was Rs.66,594 per kg on 11 November 2021. During the Diwali period, the price of silver increased by approximately Rs.3,050 per kg.

      On the Multi Commodity Exchange (MCX), silver futures edged lower by Rs.120, or by a difference of 0.18%, to settle at Rs.66,845 per kg. Prices of spot silver rose to $25.25 per ounce which was an increase of 0.1%.

      12 November 2021

    • Silver price slip on Tuesday

      On Tuesday, Silver futures declined by 0.23 percent or Rs 147 to cost Rs.62,780 per kg. Gold price also edged lower bucking the trend of gains in global markets as early taper worries eased. Gold futures on Multi Commodity Exchange (MCX) were down by 0.18 percent or Rs.84 to cost Rs.47,500 per 10 gram.

      In the spot market, highest purity gold was sold at Rs.47,411 for every 10 gram while silver was priced at Rs.62,705 per kg on Monday. It must be noted here that the price of the yellow metal in spot prices are up by more than Rs.400 in the last one week whereas silver has remained flat during the period. Globally, spot gold price eased by 0.2 percent to cost $1,801.78 per ounce while US gold futures were little changed at $1,804.90 per ounce. The price of the white metal fell by 0.5 percent to cost $23.54 per ounce.

      24 August 2021

    • Silver rates slip on Thursday

      Silver price on Thursday declined by nearly 1.5 percent and was trading at Rs.70,431 per kilogram on the Multi Commodity Exchange (MCX). The price of gold was also down with futures trading at Rs.47,570 for every 10 grams. The gold spot price was down by Rs.699.3 from yesterday’s price. In the global market, both gold and silver continued their uptrend today. While the price of spot gold increased by 0.49 percent and was trading at $1,812.6 per troy ounce, the white metal gained 0.36 percent and cost $27.1 per troy ounce.

      18 June 2021

    • Silver was trading above Rs.72,500 per kg

      On Wednesday, silver futures opened at Rs.72,500 per kg on the Mutli Commodity Exchange (MCX). The futures of the white metal were up by 0.57 percent and was trading at Rs.72,551 per kg. On the MCX, support for silver was seen at Rs.71,650 and resistance at Rs.74,200.

      Gold prices also traded higher on the Multi Commodity Exchange (MCX) following a positive trend in the international spot prices. Gold futures for June delivery rose 0.25 percent to cost Rs.48,989 for every 10 grams. On the MCX, the yellow metal faced resistance at Rs.49,550 and support was placed at Rs.48,600.

      International gold prices rose above the key psychological level of $1,900 per ounce on Wednesday. Spot gold rose 0.4 percent and was trading at $1,906.99 per ounce, the highest level since January 8 while US gold futures gained 0.5 percent to cost $1,906.60 per ounce.

      The dollar index was pinned near a four-and-a-half-month low against its rivals whereas Benchmark US Treasury yields were hovering near a two-week low.

      26 May 2021

    • Gold prices incline marginally; silver prices trading at Rs.68,000 per kg

      Gold and silver prices showed a positive trend in the market on 15 April. On the Multi Commodity Exchange, gold contracts for June delivery were trading higher by Rs.250 compared to the closing price of the previous trade.

      On 14 April, gold prices had crossed the Rs.47,000 per10-gram mark. Silver prices were trading higher by Rs.350. Gold prices closed the trade at Rs.46,608 per 10 grams on 14 April and increased to Rs.46,840 per 10 grams on 15 April. However, compared to its all-time high, the value of the metal has declined by more than Rs.9,000.

      Silver prices increased to cross the Rs.68,000 per-kg mark, however, has recorded an overall decline of Rs.11,980 compared to its all-time high. The value of the white metal on 15 April was Rs.68,000 per kg compared to its closing price on 14 April at Rs.67,638 per kg.

      16 April 2021

    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.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.