Silver Rate in Rajasthan

  • Today's Silver Rate In Rajasthan ( 24 May 2022 )

    ₹ 66.5
    Today's Silver Rate per gram

    Compare Silver Rate In Rajasthan (Today & Yesterday)

    Rate Change
    Silver (1 gram) ₹ 66.5 ₹ 65.9 ₹ 0.6 ↑
    Bar Silver (1 Kg) ₹ 66,500 ₹ 65,900 ₹ 600 ↑

    Silver Price In Rajasthan for Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    24 May 2022 ₹ 66.5 ₹ 66,500
    23 May 2022 ₹ 65.9 ₹ 65,900
    22 May 2022 ₹ 65.9 ₹ 65,900
    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

    Weekly & Monthly Graph of Silver Rate in Rajasthan

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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 Rates in Rajasthan

    Rajasthan has a long and interesting history with silver, being home to some of the only silver mines in the country. The love for silver is reflected in every village, town and city of the state, with silver jewellery adorning people of all ages and genders. Given the mines in the state, locally produced silver can be purchased for a cheaper rate, but most of the demand for silver is met through imports, meaning that international prices have a say in the amount one pays. With a sizeable area and population, Rajasthan accounts for a large portion of silver consumed in India, with it being found in almost every household in the state.

    Details of Silver Price in Rajasthan (1 Kg) - Till December 2015

    Silver prices in Rajasthan have been on a roller coaster ride over the last year, with changes witnessed periodically. The current price for a kg of silver in Rajasthan is Rs 36,244 (as of December 18, 2015). Silver rates have been around the Rs 36,000 mark for most of the year, peaking in May and dropping to their lowest in March. May prices went over Rs 43,300 per kg while March witnessed rates of Rs 35,300. The US Federal rate hike and lack of demand had an impact on silver rate in the country, with a future drop in rates expected.

    Silver as an investment

    Silver is perhaps the most popular precious metal in Rajasthan, thanks to its availability and affordability. The low cost makes it perfect for a major portion of the population who cannot invest in gold or other precious metals. A number of youngsters with limited resources are moving to silver, using it as a stepping stone to upgrade to other investments. Intricate designs and craftsmanship have made silver from the region popular across the world, with high demand witnessed in other cities and towns, providing a livelihood for thousands in the state.

    Physical Silver – Silver jewellery can be seen all over Rajasthan, with the people taking pride in owning and crafting such unique masterpieces. One can buy jewellery from jewellers across the state, with products for different budgets available. While immensely popular, silver jewellery might not be the best investment mode in silver, on account of the making and wastage charges involved. For those planning to buy silver only as an investment, silver coins and bars are a better option. One can purchase these in different weights, with the price varying depending on the purity. Banks and jewellers sell these coins/bars, with the ones purchased from jewellers generally cheaper than bank rates.

    Silver Contracts – Silver can be traded in the markets, in the form of futures or contracts. The National Multi Commodity Exchange, the Multi Commodity Exchange and the National Commodity and Derivatives Exchange offer an option to trade in silver in the country. Investing through markets requires basic knowledge about their functioning, with an element of risk involved in them.

    FAQs on Silver Rate in Rajasthan

    1. What are the various forms of silver that customers can purchase?
    2. Silver is available in a variety of forms, including silver coins, bars, bullions, jewellery, and household products.

    3. What are the costs of silver hallmarking?
    4. The cost of hallmarking silver items is Rs.25 per item. Furthermore, disregarding service tax, the minimum charge per consignment is Rs.150.

    5. Is it necessary to obtain certification while purchasing silver?
    6. Yes. Customers get the best resale price for silver when it is properly certified, and the silver purchased is authentic and genuine, as well as of the certified purity as marked on the metal.

    7. Is silver a good investment option?
    8. Yes. Silver can be utilised as an investment because it is less expensive and widely available.

    9. When I buy silver, do I have to pay GST?
    10. Yes, there is a 3% GST on the purchase of silver.

    11. What is the reason behind the rise in silver rates?
    12. The rise in the silver rate is connected to rising market volatility and weakening currency markets, particularly the US dollar.

    Read more on Silver

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    News About Silver Rate in Rajasthan

    • Gold Rate Falls by 0.11% on 22 September 2021

      The gold rate fell by 0.11% on 22 September 2021, which is lesser than the week’s average of Rs.46,392.9. The gold prices in the Indian (Rs.46,340) and global ($1,816.7) market witnessed a rise. While the gold price in the global market increased at a rate of 0.18%, the Indian gold price rose by a lower rate of 0.02%.

      The gold price has been experiencing a continuous rise with a value of $1,816.7 per Troy ounce in global market. A total increase of 0.18% has been observed, which is 4.24% more than the average of gold prices recorded in the last month. While the cost for platinum rose, silver dropped down 0.06% to $25.2 per Troy ounce.

      On MCX, gold was sold at Rs.46,626 per 10 gram in Indian market. Likewise, 24k gold was priced at Rs.46,340 in the Indian spot market.

      22 September 2021

    • Silver prices fall in India on 14 September 2021

      The prices of silver in India fell by Rs.800 on 14 September 2021 and are at Rs.63,400 for a kg. Like silver, gold prices also fell in India on 9 September. Gold rates fell by Rs.60 and are at Rs.47,010 for 10 grams. Gold jewellery prices in India are different in every state and depend on the making charges, state taxes, and excise duty. The prices of 22-carat gold in Delhi, Mumbai, and Chennai are at Rs.46,140, Rs.46,010, and Rs.44,390 for 10 grams, respectively. The prices of 24-carat gold in Delhi, Mumbai, and Chennai are at Rs.50,340, Rs.47,010, and Rs.48,390 for 10 grams, respectively.

      14 September 2021

    • Gold and Silver Prices on 31 August 2021

      On Tuesday, 31 August 2021 the price of 10 gm of 24-carat gold fell by Rs.160 to Rs.47,500. Gold had previously closed at Rs 47,660 per 10 kilos in prior trade. Silver was selling for Rs.63,600 per kilogram, down by Rs.200. 10 grams of 24-carat gold was selling for Rs.50,800 in Delhi and Rs.47,500 in Mumbai. Gold retailed for Rs.48,960 in Chennai and Rs.49,650 in Kolkata.

      31 August 2021

    • Silver price grew nearly 0.22 percent on Wednesday

      On Wednesday, the price of silver witnessed an incline of nearly 0.22 percent and was trading at Rs.68,264 per kg. On the international market, the white metal plunged by 0.06 percent to cost $25.2 per troy ounce. Gold price was also down in the country with spot gold price recording a drop of 0.02 percent and was trading at Rs.47,950. In the global market, gold price experienced a growth of 0.18 percent. A troy ounce cost $1,816.17. On the MCX, the price of the yellow metal showed an upsurge with 10 grams costing Rs.47,870.

      04 August 2021

    • Gold rates rise and silver prices increase

      After having registered a fall for two days, gold rates in India had increased while silver prices had been higher, after similar global trends. On Multi Commodity Exchange (MCX), gold futures for April had increased by 0.4% and reached Rs.44,835 per 10 gram while silver gained 0.3% and reached Rs.65,190 per kg. The spot price of 24-carat gold had been Rs.43,990 per 10 gram, which had dipped by Rs.800 per 10 gram.

      25 March 2021

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