Silver Rate in Jaipur _{Last Updated : 20 May 2022}

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Silver Price in Jaipur

In the traditional sense, buying precious metals like silver or gold meant buying jewelry that’s made of gold or silver. Buying silver in Jaipur wasn’t often thought of as an investment, but it is now coming into the limelight as a tradable commodity that rises in value depending on market trends. With internet access being made available to nearly everyone, market prices, fluctuations, news and factors that affect the price of silver can be tracked, measured and used to earn a profit.

Jaipur, the “Pink City”, is an ancient city which is now home to over 3 million people. With the largest SEZ in the country and a growing population of highly educated young adults, the city and its population are perfectly poised to make full use of the benefits of investing in silver as a commodity.

Today's Gold Rate in Jaipur

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Historical Trend of Silver Price in Jaipur

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Trend of Silver Rate in Jaipur for April 2022 (rates per kg)

• The price of silver in Jaipur 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 being -3.06%.

Trend of Silver Rate in Jaipur for March 2022 (rates per kg)

• Silver price in Jaipur opened at Rs.70,000 per kg in the month of March.
• The highest rate of the metal was recorded on 9 March when it stood at Rs.71,300 per kg. The lowest rate of silver was recorded on 1 March 2022 wherein a kilogram of the metal was being traded at the rate of Rs.70,000 per kg.
• During the month, the silver rate in Jaipur witnessed an overall incline in its performance with the percentage change being 1.85%.

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

• In Jaipur, the price of silver opened the month of February standing at the rate of Rs.65,300 per kg. 
• The lowest price of silver was recorded on the 7th of February when it stood at the rate of Rs.64,900 per kg. The valuable white metal recorded the highest price on the 24th of February wherein a kilogram of silver was being traded at the rate of Rs.70,600.
• Silver closed the month of February at the rate of Rs.70,100 per kg. in Jaipur. The overall performance of silver witnessed an inclining trend with the percentage change standing at 7.35%.

Trend of Silver Rate in Jaipur for January 2022 (rates per kg)

• The price of silver in Jaipur at the start of January was Rs.66,600 per kg. There was an incline Rs.600 in the price of every kilo when the rate was compared to the closing price of the previous month.
• Silver price in Jaipur witnessed constant fluctuations over the month and recorded the highest price for January on 21st January with a kilo costing Rs.69,300. The lowest price for the month was Rs.64,300 recorded on 10th January.
• The white metal closed the opening month of 2022 at Rs.65,400 per kg. A declining trend was witnessed in the overall performance of the bullion with the percentage change being -1.80%.

Trend of Silver Rate in Jaipur for December 2021 (rates per kg)

• The price of the white metal was Rs.66,300 per kg on 1st December in Jaipur. There was a decline of Rs.200 for every kilo when compared to November month’s closing price.
• Over the month, silver price in Jaipur witnessed constant fluctuations. White the highest price for the month was recorded on 1st, 28th, and 29th December, the lowest price was recorded on 15th December.
• Silver closed the month at Rs.66,000 per kg in Jaipur. The overall performance of the precious metal witnessed a declining trend with the recorded percentage change being -0.45%.

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

• The price of silver in Jaipur at the start of the month was Rs.68,700 per kg. A slight of Rs.200 per kg was witnessed when the rate was compared to the closing price of the previous month.
• Over the month of November, silver price witnessed slight fluctuations. The white metal recorded its highest price for the month on 13th November when a kilo cost Rs.71,700.
• Silver price in Jaipur closed the month at Rs.66,500 per kg. This was the lowest recorded price of the bullion for the month in the city. The overall performance of the precious metal was one of decline with the percentage change standing at -3.20%.

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

• In Jaipur, the price of silver opened the month of October standing at the rate of Rs.63,700 per kg.
• During the month of October, the highest rate of the precious white metal was recorded on 25 October wherein a kilogram of silver was being traded at the rate of Rs.70,300. The lowest rate of the month was recorded on 1 October when a kilogram of silver stood at the rate of Rs.63,700 per kg.
• There was an overall incline in the performance of the white metal in Jaipur with a percentage change of 8.16%.

Trend of Silver Rate in Jaipur

Silver is highly treasured in Jaipur, both as an aesthetic accessory as well as for industrial purposes. It has both historical significance and current value. It is prized as an investment as well as a decorative item. Silver is worn as jewelry and also bought as gifts for special occasions. Because of all this, the silver price in Jaipur can be very high but also dips to lows when there are other economic factors at play, both at a local or global level. It helps to keep an eye on the silver rate in Jaipur either online or offline in order to ensure that you pay the right price for it.

Factors Affecting Silver Rate in Jaipur

There are many factors that play an important role in determining what the silver rate in Jaipur will be. These factors range from both local and global events which also affect the silver price in Jaipur. Some of these factors are as given below:

• Industrial demand: Silver in used in many industries, such as in the manufacture of batteries, LED chips, glass coatings, etc., as well as in medicine and dentistry. The demand or lack of demand from these industries can affect the prices of silver in Jaipur.
• Crude oil prices: When the price of crude oil plummets, the silver price can rise as it leads to a higher appeal for safe-haven investments such as silver
• Geopolitical events: Geopolitical events, such as the Covid-19 pandemic, can lead to a rise or dip in the silver rate in Jaipur.
• Dollar rates: Dollar rates can affect the price of silver in Jaipur.
• Direction of commodities and gold prices can affect silver rates in Jaipur
• Sales by central banks of various countries can also influence silver prices in Jaipur

Investing in Silver in Jaipur

Silver coins – It is important to ensure that your silver is embossed, marked, stamped or engraved in some way that certifies its purity and the fact that it is real silver. A certificate is also usually issued along with your silver. The coins can be bought in weights from 10 grams to 500 grams. The corresponding risk and reward is marginally lesser because the amount and weight of silver being held is in a lesser quantity.

Silver bullion – It is for those who wish to invest in quantities larger than coins, in the form of bars and tablets that range from 500 grams up to 5 kilos. Investing in larger quantities is marginally cheaper, and the silver bullion in your possession will appreciate or depreciate, bringing with it greater risk and reward, as it being held in a larger physical quantity. Bullion bars are also sometimes embossed with serial numbers, which makes it hard to counterfeit them.

Silver coins and bullion can be sold to a merchant immediately for up to 75% of its value in the market at that particular date, and can be held for longer periods of time to ensure a higher price. In this way, it can be collected and used as a safety net that appreciates over time. Collectors and those not proactively involved in managing their silver investment portfolio chose this option, as the silver passively increases its own value.

Silver jewelry – It is among the most expensive forms of silver available, as it incurs a 10% making charge and a 15% melting charge at the time of sale. It is the most popular form of silver bought and sold in India. It is bought and either held for its craftsmanship, or given as a gift during one of the many festivals and marriages that require the purchase or gifting of precious metals as assets with aesthetic appeal.

Banks also sell silver, and this is a highly secured form of owning the precious metal. Banks like ICICI, HDFC, Kotak, etc. will always give you the purest form of certified silver, but at a price that’s usually higher than the current market rate. These silver bars and tablets are imported from international mints and certification authorities, and hence cost more.

The silver rate fluctuates due to many market forces like inflation, demand and supply, movements in the stock market, etc. The price of silver in Jaipur has remained more or less constant over the last few months, staying between Rs.37 and Rs.42 per gram, and is more stable than gold. Detailed study of the fluctuations in prices and the reasons for the same can be used to your advantage as an investor.

Buying Silver in Jaipur

One can buy silver coins, bars and bullion in many retail outlets across Jaipur Thewa Jewellery, Kundan Jewellery, R K Silver Emporium, Arya Silver Art, B L Jewellers, Silver Jewellery (Jaipur), and a number of merchants around the city.

When buying silver in Jaipur, it is highly recommended that you buy from a well-established and certified dealer. Ensure that the silver is marked, stamped, engraved or in some way certified and determined to be authentic silver of established purity. Ensure that you also get a certificate of authenticity which contain details of weight, amount purchased, purity and current rate.

FAQs On Silver Price in Jaipur

1. What are the points to keep in mind when buying silver?

Some of the points to keep in mind when buying silver are the prices, craftsmanship, weight, designs, BIS Hallmark certification, etc.

2. Where can I buy silver bars in Jaipur?

You can buy silver bars in Jaipur from leading jewelry houses and banks.

3. Should I pay any GST for buying silver in Jaipur?

Yes, a Goods and Services Tax (GST) of 3% will have to be paid for silver in Jaipur.

4. What is the advantage of checking silver prices online in Jaipur?

The advantage of checking silver prices online in Jaipur is that you can then choose a day where silver rates are lower in order to save more money when making your silver purchases.

5. What is the standard silver purity in Jaipur?

In Jaipur, the standard silver purity is 94.79% where the composition of silver is 94.79% and the rest is copper or other metals.

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