Silver Rate in West Bengal

  • Today's Silver Rate in West Bengal ( 27 May 2022 )

    ₹ 66.6
    Today's Silver Rate per gram

    Compare Silver Rate In West Bengal (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Silver (1 gram) ₹ 66.6 ₹ 66 ₹ 0.6 ↑
    Bar Silver (1 Kg) ₹ 66,600 ₹ 66,000 ₹ 600 ↑

    Silver Price In West Bengal for Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    27 May 2022 ₹ 66.6 ₹ 66,600
    26 May 2022 ₹ 66 ₹ 66,000
    25 May 2022 ₹ 66.5 ₹ 66,500
    24 May 2022 ₹ 66.5 ₹ 66,500
    23 May 2022 ₹ 65.9 ₹ 65,900
    22 May 2022 ₹ 65.9 ₹ 65,900
    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

    Weekly & Monthly Graph of Silver Rate in West Bengal

    • 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.

    Also Check Silver Price in Metro Cities

    Silver Rate in West Bengal

    West Bengal has for long been the centre of power and administration in India, acting as the capital of British India before independence. A rich legacy combined with abundant natural resources made West Bengal one of the most prosperous states in the country, with residents known for their acute investment sense. One of the most densely populated places in the world, the state is known to have a soft corner for silver, which is viewed as auspicious, making it an intrinsic part of life here. Being a hub of commerce and trade, certain cities in the state have witnessed huge growth, with silver being the primary mode of making payments in the past. Today, silver prices in West Bengal are dependent on international prices, given the fact that most of the silver used in the state is imported.

    Trend of Silver Rate in West Bengal 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 West Bengal 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 West Bengal 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 West Bengal 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 West Bengal 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, 28, and 29 December
    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 West Bengal 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 per kg 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%

    Silver as an investment

    Investing in silver is a safe and smart move, with the metal in high demand across the globe. The versatility mixed with utility make silver ideal for multiple industries, ensuring that owners can get quick cash for their silver during emergencies, making it extremely liquid. Limited availability combined with the demand could see the silver price is going up in the coming years, offering high appreciation on investment. Two of the most popular means of investing in silver in West Bengal are through silver contracts/futures or by purchasing silver in its physical form.

    Silver contracts – The growing Indian market has enabled people to trade in silver, with silver contracts and futures providing an excellent opportunity to make profits. One can participate in silver trade through the Multi Commodity Exchange, the National Multi Commodity Exchange and the National Commodity and Derivatives Exchange. Understanding how the markets function could go a long way in enhancing your investment, provided one plays it safe and stays abreast of current trends.

    Physical silver – Purchasing silver in the form of coins, bars or jewellery continues to be the most preferred form of investing in this metal. The markets are generally out of bound for most people in West Bengal, which mean that jewellers and banks are their mainstay when it comes to buying it. Silver jewellery is traditionally passed on as family heirlooms and is integral to most celebrations and festivals in the state. While it doesn’t make sense to purchase jewellery if the intention is to use it only as an investment, it does serve dual roles. Coins and bars, on the other hand, are purchased purely as an investment, as these can be sold readily and there are no wastage or making charges associated with them.

    FAQs on Silver Rate in West Bengal

    1. What are the tests I can do on silver to check its purity?
    2. The tests that can be done on silver are the ice test, stink test and magnet test.

    3. What is the Silver ETF?
    4. Silver ETF is the Silver Exchange Traded Fund. If you want to trade on silver ETF, you should register to the US Silver ETF.

    5. How do I choose to buy silver coins or silver bars?
    6. Depending on several factors such as storage capacity and resale options, you could opt for silver coins or bars.

    7. How much silver is there in silver contracts?
    8. Silver contracts deliver up to 30kg of silver.

    9. When can I get the maximum return on the silver that I buy?
    10. When you invest in silver in the form of silver coins and silver bars and bullions, it provides the maximum returns to you when you liquidate the investment and sell the silver that you have.

    Read more on Silver

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    News About Silver Rate in West Bengal

    • Silver prices reduce by 0.31 percent

      As per the Indian Bullion and Jewellers Association, silver was priced at Rs.64,941 per kilogram on 20 January 2022. On 24 January 2022, the cost of precious metal is Rs. 64,605 per kilogram. In Global market, the silver metal costs $24.23 an ounce.

      24 January 2022

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