The price of gold is primarily driven by its investment demand, while the same cannot be said for silver. Nevertheless, many investors consider silver a viable long-term investment due to its rising demand and depleting resources, which has made it an attractive precious metal to invest in. As a result, investors have been stocking up on silver.
₹ 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.
Silver has a different demand pattern than its yellow counterpart, with industrial usage accounting for the majority of its global demand. Silver is utilized in various everyday items such as cell phones, touch screens, televisions, solar panels, Radio Frequency Identification (RFID) chips for tracking shipments and parcels, and nuclear reactors where any other metal cannot substitute it. The medical industry also has a considerable market for silver. These factors continue to drive demand for the metal, thereby influencing the price of silver.
The price of gold is primarily driven by its investment demand, while the same cannot be said for silver. Nevertheless, many investors consider silver a viable long-term investment due to its rising demand and depleting resources, which has made it an attractive precious metal to invest in. As a result, investors have been stocking up on silver.
Also, Check - Silver Trend in Rate in India
To ensure the purity of silver purchases in Satara, it's advisable to prioritise acquiring silver certified by the Bureau of Indian Standards (BIS). The BIS mark, along with other standard purity indicators, serves as a guarantee of authenticity and purity. Checking for these marks provides assurance to investors regarding the quality of their silver investments.
Pure silver has a silver content of 99.9%, while 925 sterling silver contains 92.5% silver. Understanding this difference is important for investors who seek specific purity levels for their silver investments, enabling them to make informed decisions on the basis of their preferences and investment goals.
Investing in silver is often considered a smart choice in Satara due to its esteemed status as a precious metal with both ornamental and industrial uses. However, it's recommended to stay informed about market rates and trends before making investment decisions for optimal results.
To verify the authenticity of silver, especially at home, a simple test based on its magnetic properties can be conducted. Genuine silver typically exhibits non-magnetic behaviour, distinguishing it from other metals. This test can also be applied to silver jewellery, providing a reliable method for authenticity verification.
Yes, taxes are levied on the purchase and sale of silver in Satara, as it falls under the category of taxable commodities and investments. It's important for investors to be aware of applicable tax rates and regulations to ensure compliance and avoid legal issues.
No, silver jewellery in Satara is generally valued based on its weight in silver rather than its design. Unlike certain commodities, intricate designs typically do not significantly increase the value of silver jewellery. Selling silver coins or bars may yield more favourable returns due to their higher purity and standardised weight.
The cost of silver in Satara is influenced by international silver rates and exchange rates between the Indian currency and the US Dollar. Instabilities in these factors can impact silver prices, leading to fluctuations in the overall cost of silver. Additionally, investors should consider additional charges such as Goods and Services Tax (GST) and crafting fees applied during silver transactions.
Silver tarnishes over time when exposed to air due to a chemical reaction between the white metal and sulphur in the atmosphere. This reaction forms a dark layer of silver sulphide on the surface, resulting in a dull appearance. Proper storage and maintenance practices can help minimise tarnishing and preserve the value of the metal.
To safely store silver in Satara, consider using a secure and fireproof safe or a safety deposit box at a reputable bank. Ensure the storage location is dry, cool, and away from direct sunlight to prevent tarnishing. Additionally, consider insuring your silver investments to protect against potential loss or damage.
Silver prices in Satara can experience frequent fluctuations influenced by various market conditions. Daily fluctuations are common, driven by factors such as international silver rates and exchange rate fluctuations between the Indian currency and the US Dollar. Staying updated on market trends is crucial for investors to seize opportunities and manage risks.
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