Today Silver Rate in Vadodara

Silver prices in Vadodara are subject to frequent fluctuations based on global market conditions and local demand. Investors and buyers can purchase silver as coins or bars from dealers, jewellers, or online platforms. While buying silver, it is crucial to verify the purity and authenticity of the metal and keep in mind the GST (Goods and Services Tax) of 3% that applies to the purchase value.

73,600

Today MCX silver price in rupees per 1 kg.
Today silver rate in india is 73,600 rupees per Kg

  • 10 Gram Silver rate Today
  • 736(10 gram)
  • 1 Kg Silver rate Today
  • 73,600(1 Kg)

Silver Rate Today in India (in Rs/1 gm)

Silver RateSilver Rate in BangaloreSilver Rate in ChennaiSilver Rate in DelhiSilver Rate in HyderabadSilver Rate in Mumbai
1 Gm7277737773
10 Gm727770736770736
100 Gm7,2707,7007,3597,7007,359
1 Kg72,75077,00073,60077,00073,600

Silver Rate in India for Last 10 Days

Date10 gram100 gram1 Kg
Mar 3, 20247367,35973,600
Mar 2, 20247507,50075,000
Mar 1, 20247457,45074,500
Feb 29, 20247427,42074,200
Feb 28, 20247397,39073,900
Feb 27, 20247407,40074,000
Feb 26, 20247457,45074,500
Feb 25, 20247497,49074,900
Feb 24, 20247497,49074,900

Today Silver Rate of Metro Cities in India

City 1 Gram 10 Gram 100 Gram1 Kg
727277,27072,750
777707,70077,000
737367,35973,600
777707,70077,000
737367,35973,600
737367,35973,600
737367,35973,600

Today Silver Rate of Other Cities in India

City 1 Gram 10 Gram 100 Gram1 Kg
737367,35973,600
727277,27072,750
777707,70077,000
737367,35973,600
777707,70077,000
777707,70077,000
737367,35973,600
737367,35973,600
737367,35973,600

Today Silver Rate in Vadodara - An Overview

Silver rates in Vadodara have steadily increased due to growth in the equity market. This rate is subject to fluctuations and can vary depending on factors such as global market trends, demand and supply, and local taxes and duties. Keeping track of the current rates before buying or selling silver in Vadodara is essential. Investors and traders can refer to trusted sources such as financial news portals or market analysis reports to stay informed about the latest silver rates and make informed decisions.

How Can You Make Silver as an Investment in Vadodara?

  • Buy physical silver: You can purchase silver in coins, bars, or jewellery from local jewellery stores or bullion dealers in Vadodara. However, it is essential to be cautious about the authenticity of the silver and to pay attention to the premium above the spot price when buying physical silver. 
  • Invest in silver funds: You can invest in silver funds through your bank or investment broker. Many exchange-traded funds (ETFs), exchange-traded notes (ETNs), and mutual funds own silver and whose prices are directly correlated to silver's price. 
  • Invest in silver mining companies: Another way to invest in silver is by buying shares of silver mining companies. Silver mining stocks usually rise in value when silver prices go up and fall when they go down.
  • Invest in companies that produce and distribute silver: You can invest in a mining company that produces and distributes silver or a jeweller that uses it to produce silver jewellery. However, conducting thorough research on the company's financials and industry trends is essential before investing.
  • Online platforms: You can also invest in silver through online platforms that offer trading services for silver and other commodities. These platforms can access a broader range of silver products, including options and futures contracts.

Things to Know Before Buying Silver Jewelry in Vadodara

  • Verify the authenticity: When purchasing silver jewellery, it's essential to verify its authenticity. One way to do this is by checking for a hallmark, which indicates the purity of the silver. German silver is not genuine silver but an alloy with a silver polish. If unsure, perform physical tests to check for authenticity, such as using a magnet.
  • Consider the metals in the alloy: Silver jewellery is often made with other metals to strengthen the material. However, some of these metals can cause allergies in some people. If you have a metal allergy, ask about the metals in the alloy before purchasing the piece.
  • Check for the weight and purity: Make sure the receipt mentions the purity of the silver and the weight of the article you buy. This will help ensure that you are getting what you paid for.
  • Inspect the piece: When buying silver jewellery in Vadodara, visit the store and inspect several pieces. Use a magnifying glass or jeweller's loop to inspect pieces more carefully. Also, check all clasps and backings and ensure they function correctly.
  • Shop at reputable stores: Shop at stores like Tanishq Jewellery Vadodara, a well-known jewellery store in Vadodara. If you are buying online, be cautious and purchase from a trusted source such as Roma Designer Jewellery.

What Factors Affect Silver Prices in Vadodara?

One significant factor is silver's supply and demand equation, where supply is limited, but demand is constant. Additionally, macroeconomic factors such as oil prices, inflation, exchange rates, and import duties influence the price of silver.

Other factors that affect the price of silver include geopolitical situations, fiscal deficit, national income, employment rate, and fluctuations in industrial demand and store-of-value demand. Furthermore, the direction of gold prices and other commodity prices can impact the price of silver.

Economic trends also play a significant role in the movement of silver prices, where the state of the economy can dictate how likely people are to invest in silver. Moreover, silver is treated as a precious metal, so investors in Vadodara buy silver in larger proportions during wedding seasons and festivals.

Impact of GST on Silver Rate in Vadodara

According to the GST Council, there is a 3% GST on gold and silver in India, which is one per cent higher than the previous tax regime, and a 5% GST on making charges. Additionally, gold will continue to attract an import duty of 10% on key products. The GST regime will influence the prices of jewellery. 

How Can Interest Rates Affect Silver Prices in Vadodara?

Historically, silver and interest rates have moved together in the long term, meaning when interest rates rise, silver also rises. However, in the short term, interest rates and silver can diverge. Rising interest rates can challenge the price of precious metals, including silver, as it may increase the appeal of bonds and savings accounts over physical assets. The exact impact of interest rates on silver prices in Vadodara may vary depending on various factors.

Latest News on Silver Rate in Vadodara

[9 April 2023] - A steady increase in Silver rates in Vadodara

As of April 9, 2023, the silver rate in Vadodara was ₹74 per gram/kg. This is a slight increase compared to the silver rate on March 25, 2023, which was ₹73 per gram/kg. Financial experts predict that silver prices may continue to rise due to increased demand from the electronics and solar power industries. Consumers are advised to monitor the daily silver prices and make informed decisions when buying or selling silver in Vadodara.

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Frequently Asked Questions (FAQs)

How often do silver rates change in Vadodara?

Silver rates in Vadodara can change multiple times daily, depending on market conditions and global trends.

How can I check the ongoing Silver rates in Vadodara?

You can check the ongoing silver rates in Vadodara through various online platforms like commodity exchange websites, financial news portals, or mobile applications.

How do I get the best silver rate in Vadodara?

To get the best silver rate in Vadodara, you can compare prices offered by different sellers or dealers in the market, negotiate for discounts or purchase during festive or promotional periods.

What is the preferred form of silver for investment in Vadodara?

The preferred silver investment form in Vadodara is usually coins or bars, as they offer high purity and easy storage.

How to purchase silver coins in Vadodara?

You can purchase silver coins in Vadodara from various dealers, jewellers, banks or online platforms. Ensure you check for the purity and authenticity of the silver coins before purchasing.

Will I have to pay GST while buying silver in Vadodara?

Yes, you will have to pay GST (Goods and Services Tax) while buying silver in Vadodara, which is currently 3% of the value of the silver.

Why should I check the daily silver rates in Vadodara?

Checking the daily silver rates in Vadodara can help you make informed decisions while buying or selling silver, understand market trends, and plan your investments accordingly.

Urban Money