Silver Rate in Visakhapatnam, Today's Silver Price 28th November 2020, Visakhapatnam Silver Rate

Updated: Nov 28, 2020 09:30 IST

Silver Rate Today in Visakhapatnam November 28, 2020: Get Today Silver Price Per Gram/Kg in Visakhapatnam Notification and Find Silver Prices Today in Visakhapatnam now. Know the exact Silver Price Today in Visakhapatnam for 1 gram Silver, 8 gram Silver, 10 gram Silver, 100 gram Silver and 1 Kg Silver Price now. Find out the correct Silver Rate Today in Visakhapatnam in rupees. Discover accurate Visakhapatnam Silver Price Today, verified and updated up to this minute. Know all essential details and the latest updates on Silver Rate Today in Visakhapatnam immediately in this page. Upgrade yourself with current Silver Rate Today as well as last 10 days Silver price in Visakhapatnam, based on rupees per gram and per kg.In Visakhapatnam, Silver Rate Today for 1 gram silver is ₹ 64.70, which is NIL change in Yesterday Silver rate.
November 28, 2020
₹ 64.70

Visakhapatnam Silver Rate

GramSilver Rate TodayYesterday Silver RateChange
1 gram₹ 64.70₹ 64.70NIL
8 gram₹ 517.6₹ 517.6NIL
10 gram₹ 647₹ 647NIL
100 gram₹ 6470₹ 6470NIL
1 Kg₹ 64700₹ 64700NIL
Gold Rate Gold Rate in Visakhapatnam

Silver Rate/Price in Visakhapatnam

Date10 gram Silver Rate10 gram Silver Rate1kg Silver Rate
Nov 28,2020 ₹ 647 ₹ 6,470 ₹ 64,700
Nov 27,2020 ₹ 647 ₹ 6,470 ₹ 64,700
Nov 26,2020 ₹ 648 ₹ 6,480 ₹ 64,800
Nov 25,2020 ₹ 648 ₹ 6,480 ₹ 64,800
Nov 24,2020 ₹ 645 ₹ 6,450 ₹ 64,500
Nov 23,2020 ₹ 667 ₹ 6,670 ₹ 66,700
Nov 22,2020 ₹ 667 ₹ 6,670 ₹ 66,700
Nov 21,2020 ₹ 667 ₹ 6,670 ₹ 66,700
Nov 20,2020 ₹ 665 ₹ 6,650 ₹ 66,500
Nov 19,2020 ₹ 667 ₹ 6,670 ₹ 66,700
Nov 18,2020 ₹ 683 ₹ 6,830 ₹ 68,300
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Silver Rate in Other Cities

Silver Price in Chennai Silver Price in Mumbai Silver Price in Delhi Silver Price in Kolkata Silver Price in Bangalore Silver Price in Hyderabad Silver Price in Coimbatore Silver Price in Madurai Silver Price in Kerala Silver Price in Pune Silver Price in Vadodara Silver Price in Ahmedabad Silver Price in Jaipur Silver Price in Lucknow Silver Price in Vijayawada Silver Price in Patna Silver Price in Nagpur Silver Price in Chandigarh Silver Price in Surat Silver Price in Bhubaneswar Silver Price in Mangalore Silver Price in Visakhapatnam Silver Price in Nashik Silver Price in Mysore

Historical Silver Price in Visakhapatnam for Last 6 Months

Silver Price in Visakhapatnam November 2020

Silver Price
1st November,2020Rs. 65,300
28th November,2020Rs. 64,700
Highest PriceRs. 68,400/- per Kg on 16th November,2020
Lowest PriceRs. 61,900/- per Kg on 10th November,2020
Over all performance
Percentage Change-0.88%

Silver Price in Visakhapatnam October 2020

Silver Price
1st October,2020Rs. 60,700
31st October,2020Rs. 65,300
Highest PriceRs. 65,300/- per Kg on 31st October,2020
Lowest PriceRs. 60,200/- per Kg on 7th October,2020
Over all performance
Percentage Change7.04%

Silver Price in Visakhapatnam September 2020

Silver Price
1st September,2020Rs. 68,700
30th September,2020Rs. 61,000
Highest PriceRs. 69,500/- per Kg on 15th September,2020
Lowest PriceRs. 57,000/- per Kg on 24th September,2020
Over all performance
Percentage Change-11.08%

Silver Price in Visakhapatnam August 2020

Silver Price
1st August,2020Rs. 65,110
31st August,2020Rs. 66,600
Highest PriceRs. 76,510/- per Kg on 7th August,2020
Lowest PriceRs. 65,000/- per Kg on 12th August,2020
Over all performance
Percentage Change1.95%

Silver Price in Visakhapatnam July 2020

Silver Price
1st July,2020Rs. 50,050
31st July,2020Rs. 65,000
Highest PriceRs. 66,050/- per Kg on 29th July,2020
Lowest PriceRs. 48,500/- per Kg on 4th July,2020
Over all performance
Percentage Change22.63%

Silver Price in Visakhapatnam June 2020

Silver Price
1st June,2020Rs. 50,150
30th June,2020Rs. 48,550
Highest PriceRs. 50,160/- per Kg on 2nd June,2020
Lowest PriceRs. 47,100/- per Kg on 15th June,2020
Over all performance
Percentage Change-3.19%

Silver Price in Visakhapatnam May 2020

Silver Price
1st May,2020Rs. 41,000
31st May,2020Rs. 50,110
Highest PriceRs. 50,110/- per Kg on 31st May,2020
Lowest PriceRs. 41,000/- per Kg on 1st May,2020
Over all performance
Percentage Change18.18%

Today's Silver Price in Visakhapatnam

Silver Rate in Visakhapatnam for 1 gram silver is ₹ 64.70, which is 0.00 change in Yesterday Silver rate in Visakhapatnam. 100 gram Silver price today in Visakhapatnam is ₹ 6,470. The Exact 1 kg Silver Rate in Visakhapatnam is ₹ 64,700. Frequently check this page to know the recent updates and change in silver rate in Visakhapatnam.

Trend of Silver Rate in Visakhapatnam:

Silver is one of the most precious metals in Visakhapatnam, valued both as a form of currency and store of value. In Visakhapatnam, Silver Jewellery could be a issue of Beauty & Joy Forever. Like Gold, Silver is being considered as a reliable store of wealth and value for centuries. Even if there is decline in the value of paper money, Silver, the white metal may potentially hold their value better and carries the same reputation for reliability to this day. The art of predicting silver rate in Visakhapatnam is very closely connected to predicting gold prices. Explore the accurate Silver Rate in Visakhapatnam here.

What are the factors affecting Silver Rate in Visakhapatnam?

The key factors that affect the volatility of silver rate in Visakhapatnam are fluctuating industrial demand and store of value demand, geo-political uncertainties, rising crude oil prices, depreciating dollar, government policies on major export and import destinations, sales by central banks, direction of gold prices and direction of other commodity prices. Many consider silver as a future substitute for investment in gold.

What is Silver Rate in Visakhapatnam based on different measuring units?

Quantity of Silver is measured in troy weight and grams. In Visakhapatnam, Silver is also available in troy ounces, million ounces, grams, kilograms, tonnes, short tonne, metric tonnes, tolas etc. Silver may also be measured in carats similar to how gold is measured. 1 Troy ounce = 31.1035 gram
1 tonne = 1000 kilogram
1 tola = 12 Masha or 11.67 gram

How is Silver Rate in Visakhapatnam determined by Purity of Silver?

Silver purity is measured in Percentage (%). Usually copper is added to silver to produce more durable coins. The standard Silver Purity in Visakhapatnam is 94.79%, thus , the alloy contains 94.79% pure silver and 5.21 percent copper or other metals. The sterling silver alloy is 92.5% pure silver and 7.5 percent copper or other metals.
There are few ways to determine the purity of the silver. For example, run a magnet over the silver jewellery, if the silver jewellery sticks, it means it is not pure. Also, you can check for stink test, sterling silver does not stink at all.

Things to note when buying Silver, after knowing Silver rate in Visakhapatnam:

Before Buying Silver in Visakhapatnam, you should check the Silver Rate in Visakhapatnam, provided on this page. It is recommended to buy Silver when the silver rate in Visakhapatnam is low compared to past few days, the data of which is estimated in this page itself. Here, You can find the live Silver Rate in Visakhapatnam available online, to plan and purchase your silver at the lowest price to attain more profit. You should note the following important things before buying Silver in Visakhapatnam:
  • 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 Visakhapatnam, 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 Visakhapatnam 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 Visakhapatnam 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 Visakhapatnam.

Silver Rate in Visakhapatnam - 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 Visakhapatnam, to get the best possible silver rate in Visakhapatnam, stick with bank wires or checks.

How to buy Silver after checking silver price Today in Visakhapatnam?

The most important thing to keep in mind while buying any kind of silver in Visakhapatnam is to check the live silver market rate i.e., live silver price today in Visakhapatnam. 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 Visakhapatnam?

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 Visakhapatnam - What is Silver ETF?

In Visakhapatnam, 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 Visakhapatnam:

  • Closely Research Silver Rate in Visakhapatnam 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.

Buying silver from any bank in Visakhapatnam 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 Visakhapatnam 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 Visakhapatnam?

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
900Silver alloys for jewellery artefacts
900.0
835Silver alloys for jewellery artefacts
835.0
800Silver 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 Visakhapatnam, after knowing the correct silver price today in Visakhapatnam from this page.

Why Silver Rate in Visakhapatnam 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 Visakhapatnam cheaper is its lesser demand across the Visakhapatnam. The higher demand means the higher silver price in Visakhapatnam and vice-versa.

Silver Rate in Visakhapatnam 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 Visakhapatnam?

In Visakhapatnam, "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 Visakhapatnam. 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 Visakhapatnam 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 Visakhapatnam.

What is the importance of checking Silver Price Today in Visakhapatnam?

It is very important to check Silver Rate in Visakhapatnam, before buying silver in online or any retail shop, because even a little variation in silver price today in Visakhapatnam can lead to a big loss. The current silver rate in Visakhapatnam 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 Visakhapatnam at this page and to compare the current silver rate in Visakhapatnam with each jeweller before buying silver in Visakhapatnam. The larger and the more reputed jewelers in Visakhapatnam 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 Visakhapatnam. In this page, You can discover the correct accurate Silver Rate in Visakhapatnam.


Silver Rate in Visakhapatnam - FAQ

Q1. What is the silver rate in Visakhapatnam Today and Tomorrow?
Today's silver rate is Rs.64.70 per gram in Visakhapatnam with a very slight price NIL of Rs.0.00 than yesterday. 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. Today's silver rates are provided in the below table.

Gram 
Today's silver rate
Yesterday's silver rate
1 gram
Rs. 64.70
Rs. 64.70
8 gram
Rs. 517.6
Rs. 517.6
10 gram
Rs. 647
Rs. 647
100 gram
Rs. 6470
Rs. 6470
1 kg
Rs. 64700
Rs. 64700

Q2. What is the silver rate in Visakhapatnam for the last ten days?

Silver rates in Visakhapatnam for the last ten days are given to help people to analyse the daily trends. It would be useful for the ones who wish to invest in silver. Silver rates for the last ten days in Visakhapatnam are listed in the below table.

Date10 gm100 gm1 kg
28th November,2020Rs. 647Rs. 6470Rs. 64700
27th November,2020Rs. 647Rs. 6470Rs. 64700
26th November,2020Rs. 648Rs. 6480Rs. 64800
25th November,2020Rs. 648Rs. 6480Rs. 64800
24th November,2020Rs. 645Rs. 6450Rs. 64500
23rd November,2020Rs. 667Rs. 6670Rs. 66700
22nd November,2020Rs. 667Rs. 6670Rs. 66700
21st November,2020Rs. 667Rs. 6670Rs. 66700
20th November,2020Rs. 665Rs. 6650Rs. 66500
19th November,2020Rs. 667Rs. 6670Rs. 66700
18th November,2020Rs. 683Rs. 6830Rs. 68300

Q3. What is today's silver rate in different cities?

Silver rates today in major cities are given in the below table.

CitiesSilver rate per gramSilver rate yesterday
ChennaiRs. 64.70Rs. 64.70
MumbaiRs. 59.20Rs. 59.60
DelhiRs. 59.20Rs. 59.60
KolkataRs. 59.20Rs. 59.60
BangaloreRs. 60.70Rs. 60.80
HyderabadRs. 64.70Rs. 64.70
CoimbatoreRs. 64.70Rs. 64.70
MaduraiRs. 64.70Rs. 64.70
KeralaRs. 59.20Rs. 59.60
PuneRs. 59.20Rs. 59.60
VadodaraRs. 59.20Rs. 59.60
AhmedabadRs. 59.20Rs. 59.60
JaipurRs. 59.20Rs. 59.60
LucknowRs. 59.20Rs. 59.60
VijayawadaRs. 64.70Rs. 64.70
PatnaRs. 59.20Rs. 59.60
NagpurRs. 59.20Rs. 59.60
ChandigarhRs. 59.20Rs. 59.60
SuratRs. 59.20Rs. 59.60
BhubaneswarRs. 64.70Rs. 64.70
MangaloreRs. 60.70Rs. 60.80
VisakhapatnamRs. 64.70Rs. 64.70
NashikRs. 59.20Rs. 59.60
MysoreRs. 60.70Rs. 60.80


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