- silver rate in delhi
Silver Rate Today in Delhi
Overview
Silver price today in Delhi
Silver is a valuable metal widely used in jewellery, utensils, coins, and other products. Like many commodities, silver is actively traded in the commodities market. The market rate for silver represents its trading price on any given day, reflecting its value both as an investment and an industrial resource. People track silver prices due to its diverse applications in industries like electronics, medicine, automotive jewellery, and art. Physical silver in the form of bars and coins is also a popular investment, especially during economic uncertainties. Additionally, silver prices often indicate shifts in economic conditions and industrial demand. For investors, silver’s appeal lies in its status as a finite resource with growing applications. Its intrinsic value, independent of other assets, positions it as a reliable store of value similar to gold. Silver has historically appreciated during inflation, making it a strong hedge against currency devaluation. This dual role as both an industrial resource and a financial asset makes silver a significant commodity in the Delhi market. Currently, the silver price in Delhi is ₹94.40 per gram.Steps for Buying Silver in Delhi
- Choose your silver type:Decide between coins, bullions, jewellery, or digital silver. Coins are easy to access, bullions offer high purity, jewellery involves making charges, and digital silver requires no physical storage.
- Select a trustworthy seller:Consider banks for coins and bullions, authorised jewellers for hallmark silver, government mints for guaranteed purity, or commodity exchanges for digital silver.
- Understand pricing:Stay updated on current silver rates, opt for hallmarked silver for assured quality, and factor in making charges if purchasing jewellery.
- Make your purchase:Choose your payment method and ensure you receive a receipt detailing the silver’s purity and weight.
- Secure storage:Store your silver safely in a bank locker, home safe, or digitally in your investment portfolio.
- Monitor the market: Keep track of market trends to decide the best time to buy or sell your silver.
Factors Determining Silver Prices in Delhi
- Supply and demand:Silver prices rise with increased demand from industries, jewellery purchases, or investments. Conversely, disruptions in mining and recycling can impact supply, driving prices up or down.
- Economic trends:During economic growth, silver prices increase due to higher demand for manufacturing and jewellery. In downturns, silver is seen as a safe haven, often leading to a price rise. Factors like GDP growth, inflation, and employment rates also influence investor behaviour.
- US dollar strength:Silver is globally traded in US dollars. A weaker dollar makes silver cheaper for foreign buyers, increasing demand and prices, while a stronger dollar can have the opposite effect.
- Geopolitical events:Wars or major political shifts drive investors toward precious metals like silver to hedge against uncertainty, often boosting prices in Delhi.
- Inflation: As currency value declines, investors turn to assets like silver that retain value, pushing prices higher.
- Interest rates:Lower interest rates make non-yielding assets like silver more appealing, increasing demand and prices.
- Market sentiment:Perceptions of future economic conditions, inflation, and geopolitical stability drive speculative trading, influencing silver rates in Delhi.
Impact of Global Markets on Silver Rates in Delhi
- Supply and demand:Disruptions in Silver mining or shifts in industrial demand can reduce global supply, pushing prices up.
- Currency exchange rates:A weaker dollar can make silver cheaper for non-U.S. investors, increasing global demand and driving prices higher. Conversely, a stronger dollar can lower demand and prices.
- Investor sentiment:Geopolitical events or economic uncertainties often lead investors to seek safe-haven assets like silver, boosting its demand and price.
- Commodity market linkages:Commodity market linkages: Silver prices often move in tandem with other precious metals like gold. If gold prices rise due to inflation or interest rate changes, silver prices usually follow.
- Trade policies:Import tariffs and restrictions can impact silver supply. Higher import costs typically lead to higher prices.
- Macroeconomic indicators:Macroeconomic indicators: Economic indicators like industrial production and consumer spending influence demand. Strong economic growth can boost demand and prices, while slowdowns can have the opposite effect.
Things to Know Before Investing in Silver in Delhi
- Forms of Silver:Choose from physical silver, ETFs, or silver mining stocks, depending on your investment goals.
- Market volatility:Silver is more volatile than gold, offering potential for quick gains but also higher risk. Be prepared for fluctuations.
- Track prices:Silver rates are influenced by global economics and supply-demand factors. Stay updated to make informed decisions.
- Purity & quality:When buying physical silver, look for purity marks like 999 or hallmarked silver to ensure quality.
- Tax implications:Different silver investments have varying tax obligations. Plan accordingly.
- Diversification:Silver can diversify your portfolio, providing stability and a hedge against market volatility and inflation.
- Investment term:Decide whether you’re investing for long-term value storage or short-term trading.
- Avoid jewellery:If investing, opt for coins or bars instead of jewellery to avoid high making charges.This version is more direct, making it easier to read while maintaining key information.
Silver Rate in Delhi
Gram | Today | Yesterday |
---|
1 Gram | ₹94.40 0.00 (0.00%) | ₹94.40 -0.10 (-0.11%) |
8 Grams | ₹755.20 0.00 (0.00%) | ₹755.20 -0.80 (-0.11%) |
10 Grams | ₹944.00 0.00 (0.00%) | ₹944.00 -1.00 (-0.11%) |
12 Grams | ₹1,132.80 0.00 (0.00%) | ₹1,132.80 -1.20 (-0.11%) |
Silver Investment in Delhi
Difference between physical silver and silver ETF
The main difference between investing in physical silver and silver ETFs is the risks and benefits associated with the way silver is owned.
Is Silver investment safe in Delhi
Investing in Silver in Delhi can be considered a relatively safe option, but it comes with its own set of risks.
Verification of hallmarked silver in Delhi
To verify hallmarked silver in Delhi, look for the Bureau of Indian Standards (BIS) hallmark, a triangle with a dot inside, confirming the silver’s tested purity. Additionally, check the purity grade, usually marked as 925 or 999, indicating the percentage of silver (e.g., 92.5% for sterling silver).
Each registered jeweller has a unique identification mark engraved on the silver, such as a logo or code, which helps trace the seller. The year of hallmarking is also important, as it shows when the item was certified.
For better verification, use the BIS Care app to check the authenticity by entering the Hallmark Unique Identification (HUID) number found on the item. Alternatively, you can verify the hallmark on the BIS website.
Smart ways to invest in silver in Delhi
Depending on your financial goals and risk tolerance, you can explore various ways to invest in silver:
- Physical Silver:Buying coins, bars, or bullion offers tangible ownership and security during economic uncertainty. However, consider the costs of storage and insurance.
- Silver ETFs:Exchange-Traded Funds (ETFs) allow you to invest in silver without owning it physically. They are traded like stocks, offering high liquidity and ease of trading.
- Silver Mining Stocks:Investing in silver mining companies can provide leveraged exposure to silver prices. When silver prices rise, mining stocks often see significant gains.
- Silver Futures:For experienced investors, trading silver futures contracts can offer high returns, though it carries greater risk due to market volatility.
Here are the key benefits of investing in Silver in Delhi
- Strong cultural significance drives consumer demand, positively impacting prices
- More affordable than Gold while still offering portfolio diversification
- Acts as a safe asset during economic uncertainty
- Historically shows significant price appreciation during certain cycles
- Expanding investment options like Silver ETFs and digital Silver
- Tax advantages when investing through an Individual Retirement Account (IRA)
- Improved accessibility through the India International Bullion Exchange (IIBE).
Historical Silver Rate
Term | Silver Rate |
---|
10 days | ₹947.90 |
20 days | ₹956.30 |
30 days | ₹950.10 |
60 days | ₹959.80 |
90 days | ₹973.80 |
Silver Rate Analysis
Silver Rate | Silver |
---|
Silver Rates Over Last 10 Days
Date | Silver Rates |
---|
25 Dec 2024 | ₹944.00 0.00% |
24 Dec 2024 | ₹944.00 -0.11% |
23 Dec 2024 | ₹945.00 -0.11% |
22 Dec 2024 | ₹946.00 1.18% |
21 Dec 2024 | ₹935.00 -1.06% |
20 Dec 2024 | ₹945.00 -1.05% |
19 Dec 2024 | ₹955.00 0.00% |
18 Dec 2024 | ₹955.00 0.00% |
17 Dec 2024 | ₹955.00 0.00% |
16 Dec 2024 | ₹955.00 -0.10% |
Silver Rates in Major Cities
City | Silver Rates |
---|
Bangalore | ₹938.00 |
Bhubaneswar | ₹1,011.00 |
Chennai | ₹948.00 |
Coimbatore | ₹948.00 |
Delhi | ₹944.00 |
Hyderabad | ₹1,021.00 |
Kolkata | ₹952.00 |
Mumbai | ₹937.00 |
Mysore | ₹938.00 |
Pune | ₹937.00 |