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Today Silver Rate in Nizamabad
Our comprehensive guide covers the current silver price in Nizamabad, investment prospects, factors influencing silver prices, GST impact, interest rates' correlation with silver prices, and a dedicated news section to keep you updated. Stay ahead with valuable insights on today silver rate in Nizamabad.
₹ 99,600
Today MCX silver price in rupees per 1 kg.
Today silver rate in india is 99,600 rupees per Kg
- 10 Gram Silver rate Today
- ₹ 996(10 gram)
- 1 Kg Silver rate Today
- ₹ 99,600(1 Kg)
Silver Rate Today in India (in Rs/1 gm)
Silver Rate | Silver Rate in Bangalore | Silver Rate in Chennai | Silver Rate in Delhi | Silver Rate in Hyderabad | Silver Rate in Mumbai |
1 Gm | ₹ 87 | ₹ 98 | ₹ 93 | ₹ 98 | ₹ 92 |
10 Gm | ₹ 870 | ₹ 980 | ₹ 930 | ₹ 980 | ₹ 929 |
100 Gm | ₹ 8,700 | ₹ 9,800 | ₹ 9,300 | ₹ 9,800 | ₹ 9,290 |
1 Kg | ₹ 87,000 | ₹ 98,000 | ₹ 93,000 | ₹ 98,000 | ₹ 92,900 |
Silver Rate in India for Last 10 Days
Date | 10 gram | 100 gram | 1 Kg |
Jul 9, 2024 | ₹ 996 | ₹ 9,960 | ₹ 99,600 |
Jul 8, 2024 | ₹ 995 | ₹ 9,950 | ₹ 99,500 |
Jul 7, 2024 | ₹ 993 | ₹ 9,930 | ₹ 99,300 |
Jul 6, 2024 | ₹ 993 | ₹ 9,930 | ₹ 99,300 |
Jul 5, 2024 | ₹ 977 | ₹ 9,770 | ₹ 97,700 |
Jul 4, 2024 | ₹ 975 | ₹ 9,750 | ₹ 97,500 |
Jul 3, 2024 | ₹ 960 | ₹ 9,600 | ₹ 96,000 |
Jul 2, 2024 | ₹ 955 | ₹ 9,550 | ₹ 95,500 |
Jul 1, 2024 | ₹ 947 | ₹ 9,470 | ₹ 94,700 |
Today Silver Rate of Metro Cities in India
City | 1 Gram | 10 Gram | 100 Gram | 1 Kg |
Bangalore | ₹ 87 | ₹ 870 | ₹ 8,700 | ₹ 87,000 |
Chennai | ₹ 98 | ₹ 980 | ₹ 9,800 | ₹ 98,000 |
Delhi | ₹ 93 | ₹ 930 | ₹ 9,300 | ₹ 93,000 |
Hyderabad | ₹ 98 | ₹ 980 | ₹ 9,800 | ₹ 98,000 |
Kolkata | ₹ 92 | ₹ 929 | ₹ 9,290 | ₹ 92,900 |
Mumbai | ₹ 92 | ₹ 929 | ₹ 9,290 | ₹ 92,900 |
Pune | ₹ 92 | ₹ 929 | ₹ 9,290 | ₹ 92,900 |
Today Silver Rate of Other Cities in India
City | 1 Gram | 10 Gram | 100 Gram | 1 Kg |
Ahmedabad | ₹ 93 | ₹ 930 | ₹ 9,300 | ₹ 93,000 |
Bangalore | ₹ 87 | ₹ 870 | ₹ 8,700 | ₹ 87,000 |
Chennai | ₹ 98 | ₹ 980 | ₹ 9,800 | ₹ 98,000 |
Delhi | ₹ 93 | ₹ 930 | ₹ 9,300 | ₹ 93,000 |
Hyderabad | ₹ 98 | ₹ 980 | ₹ 9,800 | ₹ 98,000 |
Kerala | ₹ 98 | ₹ 980 | ₹ 9,800 | ₹ 98,000 |
Kolkata | ₹ 92 | ₹ 929 | ₹ 9,290 | ₹ 92,900 |
Mumbai | ₹ 92 | ₹ 929 | ₹ 9,290 | ₹ 92,900 |
Pune | ₹ 92 | ₹ 929 | ₹ 9,290 | ₹ 92,900 |
Vadodara | ₹ 93 | ₹ 930 | ₹ 9,300 | ₹ 93,000 |
Today Silver Rate in Nizamabad : An Overview
Silver has a tremendous demand in Nizamabad for a number of reasons, including its traditional significance as a form of investment. Today, silver is frequently used in silverware, gifts for special occasions, and weddings, amongst other things. The silver pricing in Nizamabad is influenced by supply and demand. Jewellery shows are held on a regular basis, attracting large crowds from all across the city and consequently impacting the silver price in Nizamabad.
How Can You Make Silver as an Investment in Nizamabad?
Investing in silver is a decision that needs to be taken after a lot of thought. It can also be overwhelming at times. So here is a guide on how to invest in silver.
- Purchase Physical Silver: Buy silver bars, coins, or jewellery from reputable dealers or jewellers.
- Invest in Silver ETFs: Consider investing in Silver Exchange-Traded Funds (ETFs), which track the price of silver and offer easy liquidity.
- Silver Mutual Funds: Mutual funds that specialise in precious metals, including silver, allow investors to pool their money into a professionally managed fund. This approach provides diversification across multiple silver-related assets managed by experienced fund managers.
- Silver Certificate Programs: Explore silver certificate programs offered by trusted institutions, where you can purchase silver and hold it in a secure vault, receiving certificates that represent your ownership.
Things to Know Before Buying Silver Jewellery in Nizamabad
Here are a few ways to incorporate silver into your investment strategy:
- Purity: Check the purity of the silver jewellery, typically indicated by a hallmark.
- Personal Preference: Ultimately, choose a silver jewellery piece that matches your personal style, preferences, and budget.
- Weight: Consider the weight of the jewellery piece, as it affects the overall cost and value.
- Authenticity: Buy from reputable and trusted jewellers to ensure the authenticity of the silver jewellery.
- Maintenance: Silver jewellery requires regular maintenance to prevent tarnishing. Understand the care instructions and maintenance required for the piece you intend to buy.
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What Factors Affect Silver Price in Nizamabad
Silver price today Nizamabad are influenced by various factors that impact supply and demand dynamics in the market. Silver rate today Nizamabad is affected by a few factors:
- Global Economic Conditions: Economic indicators and trends, such as GDP growth, inflation rates, and monetary policies, impact silver price today Nizamabad.
- Central Bank Policies: Actions taken by central banks, such as interest rate changes and quantitative easing measures, can influence silver price today Nizamabad.
- Currency Strength: The strength or weakness of the local currency against major currencies can impact the silver price in Nizamabad.
- Investment Demand: Investor sentiment, market speculation, and demand for silver-based investment products like ETFs and futures contracts influence today silver rate in Nizamabad.
- Geopolitical Factors: Political instability, conflicts, and trade tensions can create price volatility in the silver market and create a difference in silver price today Nizamabad.
Impact of GST on Silver Rate in Nizamabad
The GST (Goods and Services Tax) is now applicable to the supply and manufacturing of silver ornaments, replacing the previous excise duty and VAT. The current GST rate for silver is 3%, with an additional 5% GST on jewellery-making charges. To promote exports, the GST council has exempted GST for the export of gold, silver, and platinum from India.
Here is an example to understand the GST effect on the silver rate today Nizamabad:
X purchased silver for ₹1000 with 3% GST, totalling ₹1030. After a year, if the silver price remains unchanged, X would receive only ₹1000 when selling it.
Note: The GST rate doesn’t apply when selling silver as a consumer.
How Can Interest Rates Affect Silver Price in Nizamabad?
The silver price today Nizamabad are influenced by interest rates. When interest rates rise, the opportunity cost of holding silver increases as investors look for higher-yielding investments. This can lead to reduced demand for silver and a potential decrease in its price. Interest rate hikes are often implemented to manage inflation, which can diminish silver’s attractiveness as an inflation hedge. Additionally, variations in interest rates between countries can impact exchange rates, which in turn affect silver prices in international markets. Moreover, interest rates play a role in overall economic growth and industrial demand for silver.
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Today Silver Rate of Metro Cities in India
Today Silver Rate of Other Cities in India
Frequently Asked Questions (FAQs)
How often do silver rates change in Nizamabad?
The silver rate today Nizamabad, similar to other locations, is subject to frequent changes influenced by factors like market demand, global economic conditions, and silver price fluctuations. To make informed decisions regarding silver investments or purchases, it is advisable to stay updated on the current rates.
How can I check the ongoing Silver rate in Nizamabad?
To check today silver rate in Nizamabad, you can visit the websites of reputed jewellers, bullion dealers, or financial institutions that provide real-time silver rate updates. Additionally, you can tune in to financial news channels or check online financial news portals that provide updated information on silver prices.
How do I get the best silver rate in Nizamabad?
To get the best today silver rate in Nizamabad, it is recommended to compare prices from multiple sources. Reach out to different jewellers, bullion dealers, or online platforms to compare their rates. Staying updated on market trends and buying silver during periods of lower prices can potentially result in favourable rates.
What is the preferred form of silver for investment in Nizamabad?
The preferred form of silver for investment in Nizamabad is usually silver bars or bullion due to their high purity and quality. Silver coins from recognised mints are also popular. Consider the purity, weight, and reputation when choosing silver for investment.
How to purchase silver coins in Nizamabad?
To purchase silver coins in Nizamabad, you have several options. Firstly, you can visit local jewellery stores or bullion dealers that offer silver coins for sale. Ensure to inquire about the purity and authenticity of the coins before making a purchase. Additionally, you can explore online platforms and e-commerce websites that specialise in selling precious metals, including silver coins.
Will I have to pay GST while buying silver in Nizamabad?
Yes, GST has to be paid on every purchase. To know the rate read our guide.
Why should I check the daily silver rate in Nizamabad?
It is advisable to regularly monitor the daily silver rate in Nizamabad as it provides valuable insights into market dynamics, enabling informed decision-making when purchasing or selling silver. By staying updated on the latest rates, you can effectively manage your budget, evaluate price variances across vendors, and track the progress of your silver investments.
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