Silver Rate in Surat

  • Today's Silver Rate In Surat ( 22 May 2022 )

    ₹ 65.9
    Today's Silver Rate per gram

    Compare Silver Rate In Surat (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Silver (1 gram) ₹ 65.9 ₹ 65.9 ₹ 0 ↑
    Bar Silver (1 Kg) ₹ 65,900 ₹ 65,900 ₹ 0 ↑

    Silver Price In Surat For Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    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
    14 May 2022 ₹ 63.7 ₹ 63,700
    13 May 2022 ₹ 63.4 ₹ 63,400
    12 May 2022 ₹ 65.5 ₹ 65,500

    Weekly & Monthly Graph of Silver Rate in Surat

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    • 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 Price in Surat

    Silver is highly sought-after by millions of Indians. According to experts, given that mining of silver is getting costlier, the price of the white precious metal may also increase. According to latest reports, the gold-to-silver ratio in 2015 reveals that silver is under priced vis-a-vis gold, thereby paving way for increased buying of silver. The low prices trigger result in more consumers turning to silver.

    Silver is widely used in Surat in the form of silverware and gifts during festivals and weddings. Silver is sought across varying age groups and social strata. Several jewellery exhibitions are regularly held in the city of Surat, attracting serpentine queues and bookings. Various kinds of jewellery such as bajubandh, bracelets and anklets are in demand in addition to handcrafted artefacts.

    Trend of Silver Rate in Surat 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 Surat for March 2022 (rates per kg)

    Parameters Silver Price (per kg)
    March 1 Rate Rs.70,000 per kg
    March 31 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 Surat 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 Surat 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 Surat 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 Surat 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 Surat 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 Surat

    Silver as an investment in Surat

    For many investors, silver is not only a robust hedge against inflation and economic instability, but also diversifies the asset allocation of a portfolio. Most consumers in Surat view the white precious metal as a safe haven of investment owing to its intrinsic value. Small investors find silver more affordable than gold. Also, owing to its wide uses in several industries, the demand for silver is on the rise and therefore, continues to be a valuable investment.

    Physical silver: Most consumers buy silver in the form of jewellery or artefacts. There are several prominent stores across Surat which offer a wide range of silverware and jewellery. Sterling silver has resale value and therefore, widely popular.

    Silver contracts: Silver is traded in Multi Commodity Exchange (MCX) and National Commodity & Derivatives Exchange (NCDEX). Silver micro is traded in 1 kg. Investors ought to bear various charges such as brokerage, exchange levy and stamp duty among others.

    Silver rates in Surat

    The price of the white precious metal has been on the decline since January 2015. The price of the precious metal which was pegged at Rs.40065 in the month of January, decreased by -4.6% at Rs. 38200. Barring minor fluctuations, the price of silver followed a downward trend for the most part of March and April at Rs.37925, Rs.37279 respectively. The price of silver, however, marginally rose by 2.7% to Rs.38321 in the month of May but plummeted by -4.2% to Rs.36696 in June. The price of the white precious metal continued to slide further in the months of August and September at Rs.36102 and Rs.35512 respectively. The price of silver hovered around Rs.35000 in the months of October and November with minor fluctuations. 1 kg of silver was pegged at Rs.34768 in the month of December.

    Also Know: Gold Rate in Surat

    Read more on Silver

    Silver Rate - Sitemap

    News About Silver Rate in Surat

    • Silver futures jump by 0.29% on MCX

      On the Multi Commodity Exchange (MCX), the futures of the white metal grew by 0.29% on Friday to cost Rs.65,900 per kg. In the global market, the rate of the precious metal slipped by 0.06% to cost $25.2 per troy ounce.

      Gold price in India was down compared to yesterday’s value and was trading at Rs.47,460. In the international market, the yellow metal experienced a growth of 0.18%. An ounce cost $1,816.7, which was 4.24% higher than the average gold price observed in the last 30 days. On the MCX, the rate surged by 0.26% to cost Rs.47,580 for every 10 grams. The dollar to rupee conversion improved compared to previous close and stood at Rs.74.8.

      22 October 2021

    • Silver futures fall by Rs.88 in India on 7 September 2021

      Silver futures prices on MCX fell by Rs.88 or 0.13% and are at Rs.65,204 for a kg. In the global markets, silver prices jumped by 0.4% and were at $24.76 for an ounce. Like silver, gold prices fell in India as well. Gold futures prices on MCX fell slightly by 0.02% or Rs.8 and were at Rs.47,417 for 10 grams. Spot gold prices jumped by 0.2% and were at $1,826.75 for an ounce. Gold futures prices in the US fell by 0.3% and were at $1,828.00 for an ounce.

      07 September 2021

    • Silver trending at Rs.67,600 per kg

      Silver price witnessed a drop of Rs.250 on Wednesday and was trending at Rs.67,500 per kg. The price of the yellow metal was also down. It recorded a decline of Rs.420 and 1`0 grams of 22-karat gold cost Rs.46,960 in Mumbai. In Delhi and Chennai, the rate charged was Rs.47,050 and Rs.45,330 respectively. In the global market, gold rates edged lower on Tuesday. Spot gold price fell by 0.2 percent to cost $1,809.79 per ounce while US gold futures settled 0.4 percent lower at $1,814.10 per ounce.

      04 August 2021

    • Gold price today at Rs 47,040 per 10 gm, silver trending at Rs 67,800 a kg

      The cost of 10 gm of 22-carat gold dropped to Rs.47,040 per from Rs.47,190. The price of silver slid Rs.67,800 per kg.

      The price of 22-carat gold In New Delhi was up Rs.47,150 per 10 gm, while in Chennai, it grew to Rs.45,460. The cost of 22-carat gold in Mumbai is Rs.47,040.

      The price for 24-carat gold dropped to Rs.47,040 per 10 gm from Rs.48,190.

      Silver, on Tuesday, went down by Rs.600 to Rs.67,800 from Rs.68,400 per kilogram on Monday.

      In the global market, gold prices dropped due to a buoyant dollar offsetting a slump in Treasury yields to their lowest levels since February.

      Spot gold dropped 0.2% to $1,807.59 per ounce. US gold futures slipped 0.3% at $1,809.20.

      20 July 2021

    • Silver rates fall in the national capital on 29 June 2021

      Silver prices in the national capital fell by Rs.222 on 29 June 2021 and were at Rs.67,926 for a kg. In the previous session, the prices of the white metal closed at Rs.68,148 for a kg. In the international markets, the prices of silver traded flat and were at $26.02 for an ounce. Like silver, gold rates also fell in the national capital. Gold prices fell by Rs.89 and were at Rs.46,167 for 10 grams. The main reason for the fall in prices was a weak trend in the global markets. In the previous session, the prices of the yellow metal closed at Rs.46,256 for 10 grams. In the global markets, gold prices traded flat and were at $1,774 for an ounce.

      30 June 2021

    • Yellow metal slides, silver too falls

      Price of gold on MCX dropped as they traded at Rs.49,022 per 10 gram, down from the previous close of Rs.49,124.

      Silver prices also slipped at Rs.71,519 per kg.

      Meanwhile on COMEX, gold price fell at around $1890 per ounce after a minor gain in the previous session. Globally, spot gold prices were down at $1,885.51 per ounce. Prices of US gold futures also dipped to $1,888.80 per ounce.

      11 June 2021

    • Gold prices record a marginal incline; silver prices drop

      Gold futures for June delivery were trading higher on the Multi Commodity Exchange by 0.13% to hit an intraday high of Rs.48,013 per 10 grams. Silver prices, however, had declined on the MCX due to profit booking from investors.

      24-karat gold was priced at Rs.47,850 per 10 grams in the spot market while 22-karat gold was priced at Rs.46,230 per 10 grams. Silver prices declined by 0.37% on the MCX and settled at Rs.70,835 per kg in the spot market.

      In the international market, gold prices were holding steady with investors awaiting U.S. consumer price data. Spot gold was holding steady at $1,835.41 per ounce and silver prices showed a flat trend at $27.30 per ounce.

      13 May 2021

    • Gold rates dip by Rs.149 and silver prices by Rs.866

      Gold rates dipped by Rs,149 and reached Rs.44,350 per 10 gram and had reflected overnight fall in global precious metal price. During the previous trade, it had closed at Rs.44,499 per 10 gram. Silver rates had reduced by Rs.866 and reached Rs.64,607 per kg, from Rs.65,473 per kg. In the international market, gold had been trading higher at $1,729 per ounce and silver was flat at $25.12 per ounce.

      25 March 2021

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