Silver Rate In Shimla Last Updated : 08 Dec 2022

  • Today's Silver Rate In Shimla (08 Dec 2022)

    ₹ 71.3
    Today's Silver Rate per gram

    Compare Silver Rate In Shimla (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Silver (1 gram) ₹ 71.3 ₹ 71 ₹ 0.3 ↑
    Bar Silver (1 Kg) ₹ 71,300 ₹ 71,000 ₹ 300 ↑

    Silver Price In Shimla For Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    08 Dec 2022 ₹ 71.3 ₹ 71,300
    07 Dec 2022 ₹ 71 ₹ 71,000
    06 Dec 2022 ₹ 70.8 ₹ 70,800
    05 Dec 2022 ₹ 72.5 ₹ 72,500
    04 Dec 2022 ₹ 71.6 ₹ 71,600
    03 Dec 2022 ₹ 71.6 ₹ 71,600
    02 Dec 2022 ₹ 70.5 ₹ 70,500
    01 Dec 2022 ₹ 69.8 ₹ 69,800
    30 Nov 2022 ₹ 68 ₹ 68,000
    29 Nov 2022 ₹ 68 ₹ 68,000

    Weekly & Monthly Graph of Silver Rate in Shimla

    • 7 Days
    • 30 Days
    • 3 Months
    • 6 Months

    *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 Rate in Shimla

    The summer capital of erstwhile British India, Shimla occupies a close place in the history of our country. A tourist destination for thousands, the city is known for its scenic beauty and unique cultural identity. Silver forms an intrinsic component of life here, with it being used as an accessory to complement the local way of dressing. silver rate in the city are predominantly dependent on international prices, with the cost changing on a regular basis.

    Today's Gold Rate in Shimla

    Trend of Silver Rate in Shimla for October 2022 (rates per kg)

    Parameters Silver price (per kg)
    Parameters Silver Price (per kg)
    October 1 Rate Rs.62,000 per kg
    October 31 Rate Rs.63,000 per kg
    Highest Rate in October Rs.67,000 per kg on 5 October
    Lowest Rate in October Rs.60,500 per kg on 15 October and 16 October
    Overall Monthly Performance Incline
    Percentage Change 1.61%

    Trend of Silver Rate in Shimla for September 2022 (rates per kg)

    Parameters Silver price (per kg)
    Parameters Silver Price (per kg)
    September 1 Rate Rs.58,000 per kg
    September 30 Rate Rs.61,500 per kg
    Highest Rate in September Rs.63,200 per kg on 23 September 2022
    Lowest Rate in September Rs.58,000 per kg on 1 September and 7 September 2022
    Overall Monthly Performance Incline
    Percentage Change 6.03%

    Trend of Silver Rate in Shimla for August 2022 (rates per kg)

    Parameters Silver price (per kg)
    Parameters Silver Price (per kg)
    August 1 Rate Rs.63,300 per kg
    August 31 Rate Rs.60,000 per kg
    Highest Rate in August Rs.64,800 per kg on 13 August, 14 August, and 15 August
    Lowest Rate in August Rs.60,000 per kg on 29 August and 31 August
    Overall Monthly Performance Decline
    Percentage Change -5.21%

    Trend of Silver Rate in Shimla for July 2022 (rates per kg)

    Parameters Silver price (per kg)
    July 1 Rate Rs.65,000 per kg
    July 31 Rate Rs.63,700 per kg
    Highest Rate in July Rs.65,000 per kg on 1 July
    Lowest Rate in July Rs.60,000 per kg on 27 July
    Overall Monthly Performance Decline
    Percentage Change -2.00%

    Trend of Silver Rate in Shimla for June 2022 (rates per kg)

    Parameters Silver price (per kg)
    June 1 Rate Rs.67,000 per kg
    June 30 Rate Rs.65,200 per kg
    Highest Rate in June Rs.68,500 on 3 June
    Lowest Rate in June Rs.65,200 per kg on 30 June
    Overall Monthly Performance Decline
    Percentage Change -2.68%

    Trend of Silver Rate in Shimla for May 2022 (rates per kg)

    Parameters Silver price (per kg)
    May 1 Rate Rs.69,500 per kg
    May 31 Rate Rs.67,500 per kg
    Highest Rate in May Rs.69,500 on 1 May
    Lowest Rate in May Rs.63,400 per kg on 13 May
    Overall Monthly Performance Decline
    Percentage Change -2.87%

    Trend of Silver Rate in Shimla 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 Shimla 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 Shimla 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%

    Also Check Silver Price in NearBy Cities of Shimla

    Silver Rate In Delhi Silver Rate In Lucknow Silver Rate In Chandigarh
    Silver Rate In Ludhiana Silver Rate In Srinagar Silver Rate In Dehradun

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

    Silver prices in Shimla closely mimic the prices across the country, with minor differences. The current cost of 1 kg silver in the city is Rs 36,325 (as on December 22, 2015). The current prices have stabilised after a lull in the market, which saw rates drop to as low as Rs 35,400 in early December. The cost of a kg silver in the city has remained under the Rs 39,000 mark for most of the year, peaking at Rs 43,400 in May. March and July were good months for people to buy the metal, with prices remaining close to Rs 35,000 per kg.

    Silver as an investment

    Silver is viewed as a safe and dependable metal, offering decent returns on investment. It is the mainstay for millions who cannot afford gold or other precious metals in the state, providing them an opportunity to build an investment portfolio without having to empty their bank accounts. The high demand for silver coupled with its limited supply make it perfect for both long term and short term investments. With silver considered auspicious by millions in the country, it serves a dual purpose, becoming part of their way of life and an additional investment. Purchasing silver in its physical form and through silver contracts are two of the popular modes of investing in the white metal.

    Physical silver – Silver can be moulded and carved into different shapes and sizes, making it a metal which can be custom made to meet a particular budget. Silver bars, coins and jewellery continue to be extremely popular in Shimla, with jewellers across the city offering products ranging from bangles, necklaces, rings, etc. at affordable rates. Silver jewellery forms an integral part of celebrations and functions in Shimla, with it being considered a family heirloom and passed on from generation to generation, making it more valuable. Silver coins and bars can be purchased in different weights, and are a better investment option, considering that there are no making and wastage charges involved with them.

    Silver contracts – Silver contracts and futures are ideal for people who are aware about markets and closely follow them. With growing trading opportunities, individuals stand a chance to make quick profits by participating in them. The National Multi Commodity Exchange, the National Commodities and Derivatives Exchange and the Multi Commodity Exchange are three platforms where one can indulge in silver trade.

    Read More on Silver

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