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Silver Rate Today In Bangalore 10th Dec 2023 Check Silver Price in Bangalore Per Kg
Last Updated: 10th December 2023
Today's Silver Rate in Bangalore
| Gram | Silver Rate Today | Yesterday Silver Rate | Change |
|---|---|---|---|
| 1 gram | ₹ 0 | ₹ 0 | NIL |
| 8 gram | ₹ 0 | ₹ 0 | NIL |
| 10 gram | ₹ 0 | ₹ 0 | NIL |
| 100 gram | ₹ 0 | ₹ 0 | NIL |
| 1 Kg | ₹ 0 | ₹ 0 | NIL |
Silver Rate Today in Bangalore for Last 10 Days
| Date | 10 gram Silver Rate | 100 gram Silver Rate | 1kg Silver Rate |
|---|
Silver Price Today in Other Cities
Historical Silver Price in Bangalore for Last 6 Months
Silver Price in Bangalore December 2023
| Silver Price | |
|---|---|
| 0 | Rs. 0 |
| 0 | Rs. 0 |
| Highest Price | Rs. 0/- per Kg on 0 |
| Lowest Price | Rs. 0/- per Kg on 0 |
| Over all performance | |
| Percentage Change | 0 |
Silver Price in Bangalore November 2023
| Silver Price | |
|---|---|
| 0 | Rs. 0 |
| 0 | Rs. 0 |
| Highest Price | Rs. 0/- per Kg on 0 |
| Lowest Price | Rs. 0/- per Kg on 0 |
| Over all performance | |
| Percentage Change | 0 |
Silver Price in Bangalore October 2023
| Silver Price | |
|---|---|
| 3rd October,2023 | Rs. 73,000 |
| 24th October,2023 | Rs. 73,000 |
| Highest Price | Rs. 73,000/- per Kg on 3rd October,2023 |
| Lowest Price | Rs. 73,000/- per Kg on 3rd October,2023 |
| Over all performance | |
| Percentage Change | 0.00% |
Silver Price in Bangalore September 2023
| Silver Price | |
|---|---|
| 5th September,2023 | Rs. 77,000 |
| 30th September,2023 | Rs. 73,000 |
| Highest Price | Rs. 77,000/- per Kg on 5th September,2023 |
| Lowest Price | Rs. 73,000/- per Kg on 29th September,2023 |
| Over all performance | |
| Percentage Change | -5.19% |
Silver Price in Bangalore August 2023
| Silver Price | |
|---|---|
| 31st August,2023 | Rs. 77,000 |
| 31st August,2023 | Rs. 77,000 |
| Highest Price | Rs. 77,000/- per Kg on 31st August,2023 |
| Lowest Price | Rs. 77,000/- per Kg on 31st August,2023 |
| Over all performance | |
| Percentage Change | 0.00% |
Silver Price in Bangalore July 2023
| Silver Price | |
|---|---|
| 0 | Rs. 0 |
| 0 | Rs. 0 |
| Highest Price | Rs. 0/- per Kg on 0 |
| Lowest Price | Rs. 0/- per Kg on 0 |
| Over all performance | |
| Percentage Change | 0 |
Silver Price in Bangalore June 2023
| Silver Price | |
|---|---|
| 0 | Rs. 0 |
| 0 | Rs. 0 |
| Highest Price | Rs. 0/- per Kg on 0 |
| Lowest Price | Rs. 0/- per Kg on 0 |
| Over all performance | |
| Percentage Change | 0 |
Silver Price Today in Bangalore
Trend of Silver Rate in Bangalore:
What are the factors affecting Silver Rate in Bangalore?
What is Silver Rate in Bangalore based on different measuring units?
How is Silver Rate in Bangalore determined by Purity of Silver?
Things to note when buying Silver, after knowing Silver rate in Bangalore:
- Take into consideration the details of the overall craftsmanship, the intricacy of Silver Jewellery designs, the weight of the Silver Jewellery items, and any marks, flaws, or areas of tarnish.
- Look for the hallmark .925, which indicates that the metal is genuine sterling silver. Authentic silver jewelry will have markings like "Sterling Silver", "925", "Ster" in secret places.
- Check if anywhere it is mentioned that it has nickel plating. Nickel plating is harmful to the skin.
When buying silver in Bangalore, it is recommended to prefer online Silver dealers, because online dealers may potentially offer significantly lower dealer premiums compared to brick and mortar coin and bullion shops. Online dealer silver price today in Bangalore can be quickly and conveniently compared from the comfort of your home or office. Through online Silver dealers, You can simply pick a few products you are interested in purchasing, and compare the silver price per kg today between a few different dealers. In this Bangalore Silver rate Comparison, Don't forget to include any shipping or handling costs as well. Some dealers may offer highly discounted or even free shipping, while others don't. The total cost of the purchase and any shipping or insurance fees should be factored in when comparing dealers. You can easily conclude the best dealer with reasonable silver price today in Bangalore.
Silver Rate in Bangalore - How to pay by Check or Bank Wire?
Many offline Silver dealers often offer one price for bank wire or check and a higher Silver price for credit or debit card payments for your Silver purchase. The fact behind that is the dealer incurs a processing fee from the card provider. On purchasing Silver in Bangalore, to get the best possible silver rate in Bangalore, stick with bank wires or checks.
How to buy Silver after checking silver price Today in Bangalore?
The most important thing to keep in mind while buying any kind of silver in Bangalore is to check the live silver market rate i.e., live silver price today in Bangalore. Silver bars can be purchased from banks and big jewelers, as they are typically kept for serious investors. These bars typically range from 500 gm to 1kg.
What is the future scope of exchange based on Silver Rate in Bangalore?
For a serious Silver investor, it is one of the best option to buy silver in the Futures Exchange market. There are also several charges associated with trading in the futures market, including brokerage, stamp duty and various other charges that any silver buyer would have to bear.
Silver Rate in Bangalore - What is Silver ETF?
In Bangalore, there is no silver ETF (Exchange Traded Fund) currently with the closure of the National Spot Exchange. However, there is an option for trading in Silver ETFs listed in the US market. Investors looking to trade in the silver ETFs listed on the US market need to open an account with a stock broker who offers a platform for investing in international stock markets.Keep the following points in mind before buying Silver in Bangalore:
- Closely Research Silver Rate in Bangalore and in your particular local area
- Decide what kind of silver you want to buy - silver bars, silver coins, or silver jewelry.
- Ensure certification i.e., check for BIS Hallmark during your silver purchase
- Careful about buying only from trusted certified sellers.
Silver Rate in Bangalore - How to buy Silver from banks in Bangalore?
Buying silver from any bank in Bangalore may give you the satisfaction about the purity of silver as a bank is more reputable than the jeweller next door, but it also means that you have to pay much more. HDFC Bank was the first bank in the country to sell physical silver in India. Thus, Purchasing silver from a bank in Bangalore is a relatively safer option, as the bullion comes with a certificate of quality and is guaranteed by the bank and an external agency.
What is BIS Hallmarked Silver Rate in Bangalore?
Hallmarking is a process that officially records and determines the metal content in gold/silver articles. It's used as a seal of guarantee that assures purity, which is accepted in various countries. In India, BIS (Bureau of Indian Standards) is the national Standards body of India who authenticates the purity of Silver in India. FX Global Metal Corporation is India's first company to offer 999 BIS Hallmarked Silver Coins.
BIS has launched the hallmarking scheme for silver in December 2005 under IS 2112. A hallmarked silver article will contain the following:
- A BIS Mark on the surface of the article
- A purity grade (ranging from 999.9 to 999 for fine silver and For silver alloys, silver Jewellery and silver artifacts, silver purity grade is 970, 925, 900, 835, 800).
| Grade | Fineness | |
|---|---|---|
| 9999 | Fine Silver | 999.9 |
| 9995 | Fine Silver | 999.5 |
| 999 | Fine Silver | 999.0 |
| 990 | Silver alloys for jewellery artefacts | 990.0 |
| 970 | Silver alloys for jewellery artefacts | 970.0 |
| 925 | Silver alloys for jewellery artefacts | 925.0 |
| 900 | Silver alloys for jewellery artefacts | 900.0 |
| 835 | Silver alloys for jewellery artefacts | 835.0 |
| 800 | Silver alloys for jewellery artefacts | 800.0 |
- Assaying/Hallmarking Centre's Identification Mark/Number
- Jeweler's identification mark
- Year of marking - denoted by a code letter (e.g.'R' for year 2013)
Silver buyers should look for the above four signs while buying silver or silver jewellery in Bangalore, after knowing the correct silver price today in Bangalore from this page.
Why Silver Rate in Bangalore cheaper when compared to Gold?
Throughout the modern era, silver has been considered cheaper as compared to gold. A majority of silver is used for industrial purposes. One of the primary reasons that make Silver Rate in Bangalore cheaper is its lesser demand across the Bangalore. The higher demand means the higher silver price in Bangalore and vice-versa.
Silver Rate in Bangalore varies for different forms of Silver:
Silver is available in multiple forms including bullion bars, rounds, coins and collectible coins. Among these forms of Silver, Bullion bars are the least expensive for refiners to produce.
How are the taxes levied based on Silver Rate in Bangalore?
In Bangalore, "Silver" is also called as the "poor man's gold". Every Silver buyer will be charged VAT (value-added tax) on their Silver bullion purchase at the time of Silver purchase in Bangalore. If one has bought silver bullion above Rs. 5 lakh in cash, he will be required to pay a tax of 1% at source (at the time of Silver purchase). 1% Wealth tax is payable if the net taxable wealth of your Silver exceeds Rs.30 lakh for the financial year. Silver that is given as a gift is tax-free in Bangalore as well as all over India. But one must keep a record of the gift that he has received to avoid confusion with the Income Tax (IT) Department.
From 1st July, 2017, after implementation of GST (Goods and Services Tax) across India, Gold jewellery, silver and processed diamonds will also be taxed at 3 percent in Bangalore.
What is the importance of checking Silver Price Today in Bangalore?
It is very important to check Silver Rate in Bangalore, before buying silver in online or any retail shop, because even a little variation in silver price today in Bangalore can lead to a big loss. The current silver rate in Bangalore is very high when compared to that of the last 10 years. Therefore it is important to check frequently the live silver price today in Bangalore at this page and to compare the current silver rate in Bangalore with each jeweller before buying silver in Bangalore. The larger and the more reputed jewelers in Bangalore may charge more for making charges for your silver purchase. If you realize that the making charges of silver is significantly high in one jewellery shop, then you should look at the other jeweller, where you would get a decent Silver rate in Bangalore. In this page, You can discover the correct accurate Silver Rate in Bangalore.
Latest Silver Rate in Bangalore Updates
Like Gold, Silver is one of the other metals in India that is considered precious. This status of preciousness comes from the fact that Silver is primarily used for jewelry in India and has a motley of traditions associated with it. Thus, it is no wonder that there is always a demand for Silver and this ever present demand affects the Silver rates. If one is looking to purchase this dazzling metal, understanding the Silver rates would be the first step. For instance the Silver rate in Bangalore for 1 gram is Rs.73.00 today which clearly shows that there has been a stability in the Silver Rate from the Silver Rate yesterday which was Rs.73.00 per gram. Like the Silver rates in Bangalore we have apprised the Silver Rates for the other states in the country and have enumerated the same on this page.
Not surprisingly Silver is not a metal that has an enormous demand in India. The popular belief that demand for Silver is primarily jewellry based, was disproved when it was proved that more than 70% of the demand for this metal comes from industrial uses. The industrial use of Silver has guaranteed that the demand for this multipurpose metal is wide and vast and not restrained to one or few countries. And this widespread demand has an immense impact on the Silver rates causing the same to fluctuate and waver like in Bangalore the Silver Rate market indicated that the Silver rate yesterday for 1 gram was Rs.73.00 but the Silver Rate in Bangalore today is Rs.73.00 per gram which shows that there has been a significant stability in the rates.
India is a country that is generally known for its adherence to traditions and cultural beliefs. Precious metals as such have a number of interpretations in the Indian context and the same can be seen with regard to Silver which is a metal that stands next to Gold in the order of priority. This could be the reason why there is a significant difference in the Gold rates and Silver rates, while the gold rates are in thousands the Silver rate in Bangalore according to the Silver Market today 17th October 2021 is Rs.73.00 per gram. But this does not remain stagnant as the Silver Rate yesterday was Rs.73.00 per gram indicating the stability. Similarly the Silver Rate tomorrow will not be the same it does one no harm to be apprised of the Silver rates before one plans to make a purchase of this amazing metal.
The attraction towards Silver like its counterpart Gold is inexplicable. This passion towards this metal is not a recent development, the love for Silver by Indians can be traced back to history wherein this metal was one form of money - Silver coins. In fact Silver coins from the past have aided historians in their study of the past and past civilisations. As for jewellery Silver is a metal that is preferred for adornment of the lower half of the body like anklets, bangles, rings and leg rings. We have in this page enumerated the Silver rates for the various states. For example the Silver Market trends show that there is a slight to significant stability in the Silver rates between yesterday and today, as the Silver rate in Bangalore today 16th October 2023 is Rs.73.00 per gram as opposed to the Silver rate yesterday.
Jewellry is not the not only use of this sparkling metal, Silver is primarily an industrial metal with more than three fourth of its consumption being industries. In fact almost 77% of Silver is consumed by industries. Some of the major uses of Silver in industrial use are for electronics, medicine etc. Silver is a metal that when mined is a by-product of zinc, lead, copper and gold. There has been an upsurge in the consumption of this metal which is one primary reason why the Silver rates have been increasing as days progress. This stability can be observed even in the gram rates like in Bangalore the Silver rate yesterday was Rs.73.00 per gram and today is Rs.73.00 per gram . The Silver rates are not the same for the different states and even oscillate for different dates. We have provided the Silver Rates for these states and for different dates on our page.
Silver is generally considered the Poor Man’s Gold as this is a more affordable metal when compared to the Gold rates. For instance, the quoted Silver rate on the Silver rate market in Bangalore today is Rs.73.00 per gram. Like gold rates, the Silver Rates do not remain the same, they keep changing which can be observed by comparing the above rate with the Silver Rate in Bangalore yesterday which was Rs.73.00 per gram indicating the stability. This is much lower than the Gold rates. This low rate is what prompts the public to swerve towards this metal instead of gold. This metal is also sometimes used for deities especially when one looks to keep deities at home and is often offered as gifts for auspicious events. These various uses are what makes this metal despite being the Poor Man’s Gold is loved by all.
Checking the Silver rates before planning to get Silver is a necessity. One of the main reasons to be aware of the Silver rates is to understand Silver rate trends, and the other is to know if the Silver is within the levels of purchase-ability though generally Silver rates are on the lower rate and feasible for almost everyone. But this rate is never stable and would keep oscillating on a daily basis. For instance the silver rate in Bangalore today is Rs.73.00 per gram but this was not the case yesterday when the price was stability in Bangalore to Rs.73.00 per gram . Thus, knowing the Silver rates is imperative. Our page would be your ideal destination if you were also looking for Silver Rates. We have listed out the Silver Rates in all the states in India. This page also updates this Silver Rates regularly to take into account the changing rates.
Like Gold, Silver is one of the other metals in India that is considered precious. This status of preciousness comes from the fact that Silver is primarily used for jewelry in India and has a motley of traditions associated with it. Thus, it is no wonder that there is always a demand for Silver and this ever present demand affects the Silver rates. If one is looking to purchase this dazzling metal, understanding the Silver rates would be the first step. For instance the Silver rate in Bangalore for 1 gram is Rs.73.00 today which clearly shows that there has been a stability in the Silver Rate from the Silver Rate yesterday which was Rs.73.00 per gram. Like the Silver rates in Bangalore we have apprised the Silver Rates for the other states in the country and have enumerated the same on this page.
Not surprisingly Silver is not a metal that has an enormous demand in India. The popular belief that demand for Silver is primarily jewellry based, was disproved when it was proved that more than 70% of the demand for this metal comes from industrial uses. The industrial use of Silver has guaranteed that the demand for this multipurpose metal is wide and vast and not restrained to one or few countries. And this widespread demand has an immense impact on the Silver rates causing the same to fluctuate and waver like in Bangalore the Silver Rate market indicated that the Silver rate yesterday for 1 gram was Rs.73.00 but the Silver Rate in Bangalore today is Rs.73.00 per gram which shows that there has been a significant stability in the rates.
India is a country that is generally known for its adherence to traditions and cultural beliefs. Precious metals as such have a number of interpretations in the Indian context and the same can be seen with regard to Silver which is a metal that stands next to Gold in the order of priority. This could be the reason why there is a significant difference in the Gold rates and Silver rates, while the gold rates are in thousands the Silver rate in Bangalore according to the Silver Market today 03rd October 2021 is Rs.73.00 per gram. But this does not remain stagnant as the Silver Rate yesterday was Rs.73.00 per gram indicating the stability. Similarly the Silver Rate tomorrow will not be the same it does one no harm to be apprised of the Silver rates before one plans to make a purchase of this amazing metal.
Silver Rate in Bangalore - FAQ
Today's silver rate is Rs.65.30 per gram in Bangalore, when there is an increase in the gold rates, the investors shift to the silver investment. Internationally, the demand for silver continues to be good.
Silver is primarily an industrial metal with more than three fourth of its consumption being industries. Silver is a metal that when mined is a by-product of zinc, lead, copper and gold.
There are two ways to buy silver, physical bullion or silver-backed securities. Silver is a long-term hedge against inflation and stock market volatility, but it also benefits from the rise of specific businesses.
Yes, silver has been considered cheaper as compared to gold throughout the modern era. A majority of silver is used for industrial purposes.
When buying silver, it is recommended to prefer online Silver dealers, because online dealers may potentially offer significantly lower dealer premiums compared to brick and mortar coin and bullion shops.
