1. silver rate in kolkata
Silver Rate Today

Silver Rate Today in Kolkata

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As on 25 Dec, 2024
₹952.00
LIVE0.00 (0.00%)

Overview

10 Gramsarrow
Silver rate₹952.000.00(0.00%)

Silver price today in Kolkata

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 Kolkata market. Currently, the silver price in Kolkata is ₹95.20 per gram.
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Silver Rate in Kolkata

GramTodayYesterday
1 Gram₹95.20
0.00 (0.00%)
₹95.20
-0.10 (-0.10%)
8 Grams₹761.60
0.00 (0.00%)
₹761.60
-0.80 (-0.10%)
10 Grams₹952.00
0.00 (0.00%)
₹952.00
-1.00 (-0.10%)
12 Grams₹1,142.40
0.00 (0.00%)
₹1,142.40
-1.20 (-0.10%)

Silver Investment in Kolkata

StateWest Bengal
CityKolkata
Silver / 10 Grams
₹952.00

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.

Physical Silver:You directly own the metal, giving you a tangible asset. You can sell it whenever you want, but you need to handle storage, insurance, and ensure its purity.
Silver ETFs:These are funds that track silver prices and are traded like stocks. They're easy to buy, sell, and diversify, but come with management fees and may not perfectly match silver's spot price.
In the end, the choice depends on the investor's risk tolerance, investment goals, and personal preferences.
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Historical Silver Rate

1 Gram
8 Grams
10 Grams
12 Grams
TermSilver Rate
10 days₹955.90
20 days₹964.30
30 days₹958.10
60 days₹967.80
90 days₹981.70

Silver Rate Analysis

Silver RateSilver

Silver Rates Over Last 10 Days

1 Gram
8 Grams
10 Grams
12 Grams
DateSilver Rates
25 Dec 2024₹952.00
0.00%
24 Dec 2024₹952.00
-0.10%
23 Dec 2024₹953.00
-0.10%
22 Dec 2024₹954.00
1.17%
21 Dec 2024₹943.00
-1.05%
20 Dec 2024₹953.00
-1.04%
19 Dec 2024₹963.00
0.00%
18 Dec 2024₹963.00
0.00%
17 Dec 2024₹963.00
0.00%
16 Dec 2024₹963.00
-0.10%

Silver Rates in Major Cities

1 Gram
8 Grams
10 Grams
12 Grams
CitySilver 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

Frequently Asked Questions

What are the current silver rates in the Kolkata for 1 gram, 10 grams, and 1 kg?

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The current silver rates in the Kolkata for 1 gram is ₹95.20, 10 gram is ₹952.00 and for 1 kg is ₹95,200.00.

What is the rate of 1kg of silver in Kolkata?

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The rate of 1 kg silver in Kolkata is ₹95,200.00.

What is the rate of 10 gram silver in Kolkata ?

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The rate of 10 gram silver in Kolkata is ₹952.00.

Will I have to pay a GST on buying silver in Kolkata?

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Yes, you have to pay the Goods and Services Tax (GST) when buying silver in India. The GST rate is 3% on silver purchases and 5% on making charges for silver jewellery. For example, if you buy silver worth ₹500, the total cost will be ₹515, including GST.

Are there any taxes applicable on the purchase of silver in Kolkata?

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Yes, taxes are applicable when you purchase silver in Kolkata. A GST (Goods and Services Tax) of 3% is applied on purchases, and 5% on making charges for silver jewellery. Additionally, if you sell silver, you may incur Short-term Capital Gains Tax (STCG) or Long-term Capital Gains Tax (LTCG) depending on the holding period.

Can I test the purity of silver?

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Yes, you can test the purity of silver in Kolkata. You can do a magnet test, as genuine silver is not magnetic, or the bleach test which will tarnish silver quickly. You can also download the BIS Care app to verify the authenticity of hallmarked silver. For precise results, you can consult an expert or a jeweler.

How do I get the best silver rate in Kolkata ?

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To get the best silver rates in Kolkata, you should compare prices from multiple sources like local jewelers, banks, and online platforms. You should also monitor the current market rates as they fluctuate based on international prices and local demand. Moreover, you can get a better deal if you purchase it in bulk or during promotional offers. But make sure to verify the purity and authenticity of the silver before you buy it.

Is it necessary to buy a silver ornament that is hallmarked?

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It is not mandatory to buy hallmarked silver ornaments, but it is highly recommended. Hallmarking ensures that the silver is pure and of good quality, and provides consumer protection against counterfeit products. Even though hallmarking is not compulsory for silver, it is recommended to purchase hallmarked items to have confidence about the authenticity and value of your purchase.

How many grams is equal to 1 tola in silver?

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One Tola is equal to 11.6638 grams.