Silver Price Today: If you are planning to buy or invest in silver, this news may be important for you. In fact, silver prices have been fluctuating continuously for the past few days.
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Silver Price Today: If you’re planning to buy or invest in silver, this news could be important for you. Silver prices have been fluctuating steadily over the past few days. Prices have risen sharply, and then plummeted, leaving both buyers and investors confused. Today, the price of 1 kg of silver hovers around ₹2.45 lakh, while significant declines have been observed in many cities.
According to market experts, the strengthening of the dollar in the international market, global economic uncertainty, and rising geopolitical tensions are directly impacting gold and silver prices. This is why silver prices are constantly fluctuating in the Indian bullion market. Therefore, be sure to check the latest rates before purchasing or investing.
Silver Rate Today (Indian Market)
| Weight | Today’s price | yesterday’s price | shift |
|---|---|---|---|
| 1 gram | ₹244.90 | ₹245.00 | -₹0.10 |
| 8 grams | ₹1,959.20 | ₹1,960.00 | -₹0.80 |
| 10 grams | ₹2,449.00 | ₹2,450.00 | -₹1.00 |
| 100 grams | ₹24,490.00 | ₹24,500.00 | -₹10.00 |
| 1 kg | ₹2,44,900.00 | ₹2,45,000.00 | -₹100.00 |
Silver rates in major cities today
| City | 10 grams | 100 grams | 1 kg |
|---|---|---|---|
| Chennai | ₹2,499 | ₹24,990 | ₹2,49,900 |
| Mumbai | ₹2,449 | ₹24,490 | ₹2,44,900 |
| Delhi | ₹2,449 | ₹24,490 | ₹2,44,900 |
| Kolkata | ₹2,449 | ₹24,490 | ₹2,44,900 |
| Bengaluru | ₹2,449 | ₹24,490 | ₹2,44,900 |
| Hyderabad | ₹2,499 | ₹24,990 | ₹2,49,900 |
| Kerala | ₹2,499 | ₹24,990 | ₹2,49,900 |
| Pune | ₹2,449 | ₹24,490 | ₹2,44,900 |
| Vadodara | ₹2,449 | ₹24,490 | ₹2,44,900 |
| Ahmedabad | ₹2,449 | ₹24,490 | ₹2,44,900 |
| Jaipur | ₹2,449 | ₹24,490 | ₹2,44,900 |
| Lucknow | ₹2,449 | ₹24,490 | ₹2,44,900 |
| Coimbatore | ₹2,499 | ₹24,990 | ₹2,49,900 |
| Madurai | ₹2,499 | ₹24,990 | ₹2,49,900 |
| Vijayawada | ₹2,499 | ₹24,990 | ₹2,49,900 |
| Patna | ₹2,449 | ₹24,490 | ₹2,44,900 |
| Nagpur | ₹2,449 | ₹24,490 | ₹2,44,900 |
| Chandigarh | ₹2,449 | ₹24,490 | ₹2,44,900 |
| Appearance | ₹2,449 | ₹24,490 | ₹2,44,900 |
| Bhubaneswar | ₹2,499 | ₹24,990 | ₹2,49,900 |
Which silver is the purest ?
When it comes to silver purity, the purest grade of silver is considered to be 999.9, sometimes also called 9999 silver. This grade contains 99.99% pure silver. It is primarily used to make silver coins, bullion bars, medical equipment, and scientific instruments.
The most widely sold grade on the market is 999 silver, also known as fine silver. It contains 99.9% silver with only 0.1% of other metals such as copper, iron, or lead. It’s quite soft, so it’s easily used to make coins, silver bars, biscuits, and some types of jewelry. If you’re looking to buy silver for investment or gifting, 999 silver is a good choice.
Silver grades 990 and 970 are also available in the market, with purity of 99% and 97%, respectively. These are used in jewelry, cutlery, and decorative items.
925 silver, also known as sterling silver, is the most popular jewelry grade worldwide. It contains 92.5% pure silver and 7.5% other metals, which increases its strength. This is why it’s used to make rings, chains, bracelets, gift items, pens, and a variety of artifacts.
Below this are 900, 835, and 800 grades of silver, which contain 90%, 83.5%, and 80% silver, respectively. These grades are stronger due to their higher content of other metals, making them widely used in everyday utensils, decorative items, and other useful items.
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