₹ 1▼
Gram | Today | Yesterday | Price Change |
1 gram | ₹ 136 | ₹ 137 | ₹ 1▼ |
1 kg | ₹ 1,36,000 | ₹ 1,37,000 | ₹ 1,000▼ |
Date | Price |
05 Sep 2025 | ₹ 136 |
04 Sep 2025 | ₹ 137(0) |
03 Sep 2025 | ₹ 137(0) |
02 Sep 2025 | ₹ 137 |
01 Sep 2025 | ₹ 136 |
31 Aug 2025 | ₹ 134(0) |
30 Aug 2025 | ₹ 134 |
29 Aug 2025 | ₹ 131 |
28 Aug 2025 | ₹ 130(0) |
27 Aug 2025 | ₹ 130(0) |
*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.
The price of the precious white metal in Machilipatnam keeps on fluctuating over time like the gold rates. If the price of gold increases, the silver price will automatically increase as it has an inverse relationship with the former. Some of the reasons why silver prices keep on fluctuating are inflation, festive seasons, or the movement of the US dollar.
When it comes to investment, the people who fail to invest in the precious yellow metal can easily invest in silver as it is comparatively cheaper. Ones who actively invest in the precious white metal, invest in the silver futures because there is no risk of theft. Another reason to invest in the investing the digital form of silver is that you don’t have to keep a locker to safeguard your jewellery and ornaments.
Also, check - Silver rate trend in india
Some of the vital factors that affect the silver prices in Machilipatnam are import cost of the metal, industrial demand for silver, and investment demand for silver as the metal is preferred over gold due to its affordability.
You can buy silver coins in Machilipatnam through certified jewelers or through banks. Purchasing silver coins from banks may be a bit more expensive as they charge for damage-proof packing and a purity assay certificate.
Some of the vital points that should be remembered before purchasing silver in Machilipatnam are the silver rate for the particular day (on which you decide to purchase); decide what kind of silver item you wish to purchase; and make sure to check for the necessary authentication marks and certifications before purchasing silver item.
You can buy silver bars in Machilipatnam in the range of 500 grams to one kg from Futures exchange and Silver ETF. The contract size of silver on the Futures exchange is comparatively higher than gold. Investors willing to purchase silver bars through ETFs need to open an account with a stockbroker to invest in silver ETFs listed in the US market as there are no Silver ETFs in Machilipatnam.
Silver is one of the precious metals which is preferred by most people due to its high demand in various sectors. From industrial use to ornamental uses, silver has a considerable demand in the market, yet it is difficult to predict whether it would be an asset or not as the price of the metal is subject to significant fluctuations. Hence, it is impossible to state the value of silver in Machilipatnam and therefore you must study the market trends before making an investment in silver.
No, the price of silver is not the same across the country as the additional charges, such as state tax, custom duty, making charge, etc., varies from state to state, thereby causing a difference in silver price across the country.
Out of all the available forms of silver, 925 silver is the purest form of silver which constitutes 92.5% silver and 7.5% of other metals such as nickel or copper. This form of silver is durable and affordable compared to other types of silver and retains the luster of the metal way better than pure silver despite being less pure than real silver.
In Machilipatnam, you can invest in silver in various forms, such as silver coins and silver bars by purchasing these from any bank. You can also invest in silverware and silver jewelry in Machilipatnam.
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