Silver Rate in Pondicherry

  • Today's Silver Rate In Pondicherry ( 08 May 2021 )

    ₹ 74.2
    Today's Silver Rate per gram

    Compare Silver Rate In Pondicherry (Today & Yesterday)

    Rate Change
    Silver (1 gram) ₹ 74.2 ₹ 74.2 ₹ 0 ↑
    Bar Silver (1 Kg) ₹ 74,200 ₹ 74,200 ₹ 0 ↑

    Silver Price In Pondicherry for Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    07 May 2021 ₹ 74.2 ₹ 74,200
    06 May 2021 ₹ 74.2 ₹ 74,200
    05 May 2021 ₹ 75.3 ₹ 75,300
    04 May 2021 ₹ 75.3 ₹ 75,300
    03 May 2021 ₹ 73.4 ₹ 73,400
    02 May 2021 ₹ 72.8 ₹ 72,800
    01 May 2021 ₹ 72.8 ₹ 72,800
    30 Apr 2021 ₹ 72.8 ₹ 72,800
    29 Apr 2021 ₹ 73.9 ₹ 73,900
    28 Apr 2021 ₹ 73.5 ₹ 73,500

    Weekly & Monthly Graph of Silver Rate in Pondicherry

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    *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 Pondicherry

    Pondicherry is a great market for silver, and its proximity to silver hubs such as Chennai and Bangalore have made it a go-to destination for people looking to buy precious metals including gold and silver. Silver rate in Pondicherry is therefore closely related to rates in the larger neighbors, however internal demand from the city also plays a role in local silver prices.

    Silver in Pondicherry is viewed as an investment avenue which gives good returns and has a ready market at almost any time of the year. Silver is mostly purchased in its physical form such as jewelries, ornaments, artefacts, gift items, silverware and other utensils. Silver is also available as a tradable commodity in the national markets NCDEX and MCX, which are easily accessible to residents of this coastal town.

    Silver as an Investment in Pondicherry

    Residents in Pondicherry have shown a good appetite for silver through the years. The city has a number of stores and dealers selling silver in various forms. The population considers silver to be a safe bet in the short and long runs, as the metal offers a good resale value, as well as a wide range of quality and quantity options to choose from. This is a very useful metal that happens to provide a safe investment avenue also.

    Physical silver: Physical silver includes products such as bars, bullions, coins, jewelries, silverware, artefacts, idols, household items and so on. These can be purchased from a range of stores and dealers spread across the city and offering customized products to customers. Among these, coins are also pretty popular with the local crowd due to the low prices they sell for and the easy liquidity they provide.

    Commodity trade: Silver is also traded as a commodity in exchanges such as Multi Commodity Exchange (MCX) and National Commodities and Derivatives Exchange (NCDEX). These exchanges sell silver is base quantities of 1 kg and are open for new contracts for up to 6 months in a year. The exchanges provide flexibility in buying silver at market prices from any corner of the country.

    Where to Buy Silver in Pondicherry from?

    Major sellers in the city include Sri Lakshmi Jewellery, Lakshmi Silvers, Ram Thanganagai Maligai, Lalitha Jewellery, Muthu Gold House etc. Some bullion dealers are also there in the city who provide bars and ingots of silver of varying quantities and purity. In general, silver of 999 purity is popular among the residents of Pondicherry.

    Also Check Silver Price in NearBy Cities of Pondicherry

    Read more on Silver

    News About Gold Rate in Pondicherry

    • Price of Gold and Silver Increase Significantly

      Price of gold increased by Rs.50 mainly due to positive cues globally and also an increase in purchase by jewellers to meet the demand at the domestic spot market. Silver rose by Rs.250 to Rs.47,200 per kilogram due to an increase in offtake by coin makers and industrial units.

      Traders believed the rise to be due to trend abroad with investors focusing on key jobs report in the US. Globally, price of gold increased by 0.2%. An interest rate cut by Bank of England to counter Brexit’s repercussions resulted in more demand for these metals. In addition to this, fresh purchasing by jewellers to meet demand at the domestic spot market supported this rise.

      9 August 2016

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