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Silver Rate in Panaji
Panaji, the capital of the tourist capital of India, Goa is a city unlike other, full of culture and old world charm. The city was the gateway for traders into India in the past, serving as a key link in international trade. Silver was used extensively to pay for such trade, with the Arabs, Dutch, Portuguese and British trying to establish base here. Today, the city continues to be a major destination, attracting visitors from all over the globe. Silver prices in Panaji are determined by taking international costs into account, since a majority of the silver consumed here is imported.
Also Know: Gold Rate In Panaji
Trend of Silver Rate in Panaji 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 Panaji 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 Panaji 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% |
Trend of Silver Rate in Panaji 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 per kg on 21 January |
Lowest Rate in January |
Rs.64,300 per kg on 10 January |
Overall Monthly Performance |
Decline |
Percentage Change |
-1.80% |
Trend of Silver Rate in Panaji 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 December, 28 December, and 29 December 2021 |
Lowest Rate in December |
Rs.64,600 per kg on 15 December |
Overall Monthly Performance |
Decline |
Percentage Change |
-0.45% |
Trend of Silver Rate in Panaji for November 2021 (rates per kg)
Parameters |
Silver Price (per kg) |
Rate on 1 November 2021 |
Rs.68,700 per kg |
Rate on 30 November 2021 |
Rs.66,500 per kg |
Highest Rate in November |
Rs.71,700 on 13 and 14 November |
Lowest Rate in November |
Rs.66,500 per kg on 30 November |
Overall Monthly Performance |
Decline |
Percentage Change |
-3.20% |
Trend of Silver Rate in Panaji 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 per kg on 25 October |
Lowest Rate in October |
Rs.63,700 per kg on 1 October |
Overall Monthly Performance |
Incline |
Percentage Change |
8.16% |
Also Check Silver Price in NearBy Cities of Panaji
Details of Silver Price in Panaji (1 Kg) - Till December 2015
Silver prices in Panaji closely reflect prices across the country, with minute variations witnessed on a daily basis. The current price for 1 kg silver in the city is Rs 36,325 (as of December 22, 2015), with the prices hovering around the Rs 36,000 mark for most of this month. Silver rates have remained under the Rs 40,000 mark per kg for most of the year, crossing it in May, when a kg of silver cost around Rs 43,500. March, July and December have been good months for silver aficionados, with the prices staying close to the Rs 35,000 mark per kg of silver.
Silver as an investment
Silver has been around for centuries, and while it may not be expensive enough to wage wars, it has managed to hold its own over all these years. Considered as a safe investment, silver offers people who can’t afford gold or diamond the opportunity to own a precious metal which finds applications across the globe. A limited supply coupled with high demand make it a highly liquid investment, offering a chance to make quick money. With individuals looking to diversify their investment portfolios, silver has found itself on the list of many youngsters in the country. Buying silver in its physical form or indulging in trade through silver contracts are two of the popular investment avenues in India today.
Silver contracts – Silver contracts are new to a majority of the population in India, limited to those who are aware of how the markets function and are not afraid to take risks. Trading in such markets typically involves purchasing silver in bulk, with the National Multi Commodity Exchange, the National Commodity and Derivatives Exchange and the Multi Commodity Exchange offering a platform for enthusiasts to indulge in such trade. Ability to predict market trends could be beneficial while participating in the market.
Physical silver – Silver in the form of coins, bars and jewellery continues to be the preferred form of owning the white metal, with thousands across Panaji opting for them on a regular basis. Silver coins and bars can be used exclusively for investment, as they maintain their value over time, in comparison to jewellery which can lose its value after a particular period. Silver can be purchased from jewellers across the city, with an option for every budget available. Silver coins purchased from banks tend to be more expensive on account of quality assurances and purity checks.