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Trend of Silver Rate in Uttar Pradesh for April 2021 (rates per kg)
| Parameters |
Silver Price (per kg) |
| April 1 Rate |
Rs.63,600 per kg |
| April 30 Rate |
Rs.72,800 per kg |
| Highest Rate in April |
Rs.74,000 per kg on 24 April - 27 April |
| Lowest Rate in April |
Rs.63,600 per kg on 1 April |
| Overall Monthly Performance |
Incline |
| Percentage Change |
14.47% |
Trend of Silver Rate in Uttar Pradesh for March 2021 (rates per kg)
| Parameters |
Silver Price (per kg) |
| March 1 Rate |
Rs.68,200 per kg |
| March 31 Rate |
Rs.62,800 per kg |
| Highest Rate in March |
Rs.70,100 per kg on 6 and 7 March |
| Lowest Rate in March |
Rs.62,800 per kg on 31 March |
| Overall Monthly Performance |
Decline |
| Percentage Change |
-7.91% |
Trend of Silver Rate in Uttar Pradesh for February 2021 (rates per kg)
| Parameters |
Silver Price (per kg) |
| February 1 Rate |
Rs.78,100 per kg |
| February 28 Rate |
Rs.67,500 per kg |
| Highest Rate in February |
Rs.78,100 per kg on 1 February |
| Lowest Rate in February |
Rs.67,300 per kg on 5 February |
| Overall Monthly Performance |
Decline |
| Percentage Change |
-13.57% |
Trend of Silver Rate in Uttar Pradesh for January 2021 (rates per kg)
| Parameters |
Silver Price (per kg) |
| January 1 Rate |
Rs.72,000 per kg |
| January 31 Rate |
Rs.69,800 per kg |
| Highest Rate in January |
Rs.72,000 per kg on 1 January – 3 January |
| Lowest Rate in January |
Rs.63,900 per kg on 9 January – 11 January |
| Overall Monthly Performance |
Decline |
| Percentage Change |
3.05% |
Trend of Silver Rate in Uttar Pradesh for December 2020 (rates per kg)
| Parameters |
Silver Price (per kg) |
| December 1 Rate |
Rs.59,000 per kg |
| December 31 Rate |
Rs.72,300 per kg |
| Highest Rate in December |
Rs.73,600 per kg on 22 December |
| Lowest Rate in December |
Rs.63,400 per kg on 10 December |
| Overall Monthly Performance |
Incline |
| Percentage Change |
22.54% |
Trend of Silver Rate in Uttar Pradesh for November 2020 (rates per kg)
| Parameters |
Silver Price (per kg) |
| November 1 Rate |
Rs.60,100 per kg |
| November 30 Rate |
Rs.63,300 per kg |
| Highest Rate in November |
Rs.70,000 per kg on 7 November |
| Lowest Rate in November |
Rs.60,100 per kg on 1 November |
| Overall Monthly Performance |
Incline |
| Percentage Change |
5.32% |
Trend of Silver Rate in Uttar Pradesh for October 2020 (rates per kg)
| Parameters |
Silver Price (per kg) |
| October 1 Rate |
Rs.60,700 per kg |
| October 31 Rate |
Rs.61,000 per kg |
| Highest Rate in October |
Rs.63,500 per kg on 21 October |
| Lowest Rate in October |
Rs.60,210 per kg on 8 October |
| Overall Monthly Performance |
Incline |
| Percentage Change |
0.49% |
Trend of Silver Rate in Uttar Pradesh for September 2020 (rates per kg)
| Parameters |
Silver Price (per kg) |
| September 1 Rate |
Rs.76,500 per kg |
| September 30 Rate |
Rs.62,500 per kg |
| Highest Rate in September |
Rs.76,500 per kg on 1 September |
| Lowest Rate in September |
Rs.58,500 per kg on 24 September |
| Overall Monthly Performance |
Decline |
| Percentage Change |
-18.30% |
Silver Rate in Uttar Pradesh
Uttar Pradesh, the most populous state in India is an area filled with history and culture. The birthplace of several kingdoms, it is considered one of the most powerful states in India. Today, UP is home to over 200 million people, making it a hub of industries and commercial activities. Silver was and continues to be popular in UP, having been used for multiple purposes for centuries. Silver rates in the state depend on international prices, considering the fact that most of the silver consumed is imported, with fluctuations observed on a regular basis.
Also Check Silver Price in Metro Cities
Silver as an investment
Investing in silver is considered safe, primarily due to the fact that the demand for it hasn’t diminished over the years, and with limited production there is always scope for the white metal to grow. In Uttar Pradesh, silver is considered auspicious, thereby making it an investment option plus an integral part of their way of life. The fact that silver is cheaper than gold makes it affordable to the larger population, especially the middle and lower sections of society. Individuals keen on expanding their investment can choose from two options, physical silver and silver contracts/futures.
Physical silver – Physical silver, i.e. jewellery and coins/bars are the most popular mode of owning silver in UP. These can be purchased across the state, with jewellers catering to different budgetary requirements. Owning silver in this form is integral to the concept of family bonding, with items being passed from one generation to another, leaving behind a rich legacy. While most jewellery isn’t purchased with the intention of an investment, it can help one during fund crunch, offering liquidity. Silver coins and bars, however, are a smarter investment decision, thanks to their purity. Coins purchased from banks tend to be costlier on account of quality checks and purity assurance.
Silver contracts – Silver contracts are yet to gain popularity in Uttar Pradesh, with people viewing them as complicated offerings. In their nascent stage, one can indulge in silver trade through the National Multi Commodity Exchange, Multi Commodity Exchange and the National Commodity and Derivatives Exchange. Sound information about the functioning of these markets could help one gain immensely, whereas lack of awareness could put your investment at risk.
FAQs on Silver Rate in Uttar Pradesh
- Will the silver price increase in Uttar Pradesh in 2021?
Silver prices in India majorly depend on the international trend of the metal and other factors which can affect its price. In 2021, Silver prices showed a steady trend in the beginning of the year and has declined due to the rise in the U.S. dollar value.
- What is the trend of silver rate in Uttar Pradesh now?
Silver prices have been showing a fluctuating trend in the market at Rs.69,000 per kg. For the month of February, silver rates showed constant inclines and declines due to the trend in the interantional market.
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