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  • Silver Rate in Telangana

    Daily Silver Rates
    Date Silver (1 gram) Bar Silver (1 Kg)
    21 Oct 2016 ₹ 42.08 ₹ 42,075
    20 Oct 2016 ₹ 42.49 ₹ 42,490
    19 Oct 2016 ₹ 42.27 ₹ 42,270
    18 Oct 2016 ₹ 42.29 ₹ 42,290
    17 Oct 2016 ₹ 41.97 ₹ 41,970
    16 Oct 2016 ₹ 41.78 ₹ 41,780
    15 Oct 2016 ₹ 41.78 ₹ 41,780
    14 Oct 2016 ₹ 41.9 ₹ 41,895
    13 Oct 2016 ₹ 42.44 ₹ 42,435
    12 Oct 2016 ₹ 42.59 ₹ 42,585

    *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 Telangana

    Telangana might be the newest state in the country but it has a long cultural and historical past which is hard to match. The state has a legacy of being ruled by some of the richest kingdoms of the country, where silver was used for commerce, trade and industry, making the state one of the biggest consumers of silver in the past. Today, Telangana is home to major towns and cities which account for a decent portion of the silver consumed in the country. Silver prices in Telangana are closely linked to international prices, given the fact that most of the silver is imported. The cost of silver on a particular day could vary, with a number of factors impacting the amount one pays for it.

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

    Silver rates in Telangana have been on a roller coaster ride over the last year, with prices shooting up in May and dropping in March, July-August and December. Purchasing one kg of silver in Telangana today (December 22, 2015) would set you back by Rs 35,984. Current prices are on an upward trend, with the cost remaining under the Rs 40,000 mark per kg for most of the year. Prices peaked in May, touching Rs 43,500 per kg, and crashed to Rs 35,250 per kg in March, Rs 35,800 per kg in August and Rs 35,400 per kg in December, making it a good year for people to purchase this white metal.

    Silver as an investment

    Silver is a safe and affordable investment option for millions across Telangana. Its versatility combined with utility make it ideal for both new investors and seasoned veterans alike. Silver is the second most popular metal in the world, in terms of use, ensuring that there is a demand for it at all times, which make it highly liquid in times of a fund crunch. With a number of industries and job opportunities opening up in Telangana, there is more disposable income in the hands of the youth, income which might not be sufficient to purchase gold but plenty to buy silver. Buying silver in its physical form and through silver contracts remain two of the most popular modes of investment in the state.

    Physical silver – Physical silver has been around for centuries in Telangana, with silver jewellery, coins and bars being used widely. Jewellery continues to be the most popular form of silver investment in the state, with numerous designs and styles catering to different requirements. Intricate craftwork make these jewellery pieces popular across the globe, which mean that the demand for these would never die. Wastage and making charges could dilute a portion of the investment but buying silver jewellery could be smart if one intends to use it as an heirloom. Silver coins and bars, on the other hand, have no wastage charge and can be purchased purely as an investment. Banks and jewellers across Telangana cater to the needs of silver aficionados, with products for different budgets available.

    Silver contracts – Participating in silver trade through the market is new to most people in the country, with only those who are aware about market functioning opting for them in most cases. The National Commodity and Derivatives Exchange (NCDEX), Multi Commodity Exchange and National Multi Commodity Exchange offer platforms for enthusiasts to indulge in silver trade.

    Read more on Silver

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