Silver Rate in Warangal

Warangal, located in the state of Telangana, is a historic city known for its rich cultural heritage and architectural marvels. Investors, traders, and jewellery enthusiasts need to stay updated on the current market prices when it comes to silver rates in Warangal. The price of silver per gram or kilogram in Warangal can fluctuate based on various factors such as global demand and supply, economic indicators, and market trends.

₹ 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 RateSilver Rate in BangaloreSilver Rate in ChennaiSilver Rate in DelhiSilver Rate in HyderabadSilver Rate in Mumbai
1 Gm₹ 88₹ 100₹ 94₹ 100₹ 94
10 Gm₹ 880₹ 1,000₹ 940₹ 1,000₹ 940
100 Gm₹ 8,800₹ 10,000₹ 9,400₹ 10,000₹ 9,400
1 Kg₹ 88,000₹ 1,00,000₹ 94,000₹ 1,00,000₹ 94,000

Silver Rate in India for Last 10 Days

Date10 gram100 gram1 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 Gram1 Kg
₹ 88₹ 880₹ 8,800₹ 88,000
₹ 100₹ 1,000₹ 10,000₹ 1,00,000
₹ 94₹ 940₹ 9,400₹ 94,000
₹ 100₹ 1,000₹ 10,000₹ 1,00,000
₹ 94₹ 940₹ 9,400₹ 94,000
₹ 94₹ 940₹ 9,400₹ 94,000
₹ 94₹ 940₹ 9,400₹ 94,000

Today Silver Rate of Other Cities in India

City 1 Gram 10 Gram 100 Gram1 Kg
₹ 94₹ 940₹ 9,400₹ 94,000
₹ 88₹ 880₹ 8,800₹ 88,000
₹ 100₹ 1,000₹ 10,000₹ 1,00,000
₹ 94₹ 940₹ 9,400₹ 94,000
₹ 100₹ 1,000₹ 10,000₹ 1,00,000
₹ 101₹ 1,019₹ 10,190₹ 1,01,900
₹ 94₹ 940₹ 9,400₹ 94,000
₹ 94₹ 940₹ 9,400₹ 94,000
₹ 94₹ 940₹ 9,400₹ 94,000
₹ 94₹ 940₹ 9,400₹ 94,000

Today Silver Rate in Warangal – An Overview

Sparkling and versatile, silver has a special place in the heart of India. Beyond its shimmering appeal, silver holds immense cultural, economic, and industrial significance in the country. From adorning deities during sacred rituals to being crafted into exquisite jewellery, silver’s allure transcends time and tradition.

As we delve into the overview of the silver market in Warangal, we will explore the intricate web of factors that influence its price, understanding the intricate dance between global trends and local nuances that define this precious metal’s value.

How Can You Make Silver as an Investment in Warangal?

Silver is a precious metal that has been used as a form of currency and investment for centuries. It is a good hedge against inflation and economic uncertainty, and it can also be a profitable investment if you buy it at the right time.

If you are interested in investing in silver in Warangal, there are a few ways to do it.

  • Buy physical silver: This is the most traditional way to invest in silver. You can buy silver coins, bars, or jewellery. Silver coins and bars are the most liquid form of silver and are easy to buy and sell. Jewellery is also a good way to invest in silver, but it is less liquid and may be more difficult to sell.
  • Buy silver ETFs: An ETF is a type of investment fund that tracks the price of silver. ETFs are traded on stock exchanges, so you can buy and sell them just like stocks. ETFs are a good way to invest in silver if you want to track the price of silver without having to buy physical silver.
  • Buy silver mining stocks: Silver mining stocks are a way to invest in the silver mining industry. When you buy a silver mining stock, you are buying a piece of a company that mines silver. Silver mining stocks can be a risky investment, but they can also be very profitable.

Things to Know Before Buying Silver Jewelry in Warangal

Before buying silver jewellery, there are several important factors to consider. Here are some key things to know that will help you make an informed decision:

  • Purity of Silver: Silver jewellery is typically made from sterling silver, which contains 92.5% pure silver and 7.5% other metals for added strength. Look for a hallmark stamp such as “925” to ensure the authenticity and purity of the silver.
  • Quality and Craftsmanship: Assess the craftsmanship and quality of the jewellery piece. Check for any flaws, rough edges, or visible soldering marks. Ensure that the design is well-executed and the finishing is smooth and polished.
  • Weight and Size: Consider the weight and size of the jewellery. Heavier pieces tend to be more durable and substantial, while lighter pieces may be more delicate. Choose a size that fits comfortably and complements your style.
  • Care and Maintenance: Silver jewellery requires proper care to maintain its shine and longevity. Understand the recommended cleaning methods and storage practices to keep your jewellery in good condition. Some silver pieces may require regular polishing to prevent tarnishing.
  • Return and Exchange Policy: Inquire about the return and exchange policy of the seller or jeweller. It is important to have the option to return or exchange the jewellery if you are not satisfied with your purchase or if any issues arise.
  • Certification and Hallmarks: Look for certifications and hallmarks that validate the quality and authenticity of the silver jewellery. These certifications provide assurance that the silver meets the necessary standards.

What Factors Affect Silver Prices in Warangal?

The price of silver in Warangal is affected by a number of factors, including:

  • Supply and demand: The supply and demand for silver is the most important factor affecting its price. If the demand for silver increases, the price will go up. If the supply of silver increases, the price will go down.
  • Industrial demand: Silver is used in a variety of industrial applications, such as electronics, photography, and jewellery. If the demand for silver for industrial use increases, the price of silver will go up.
  • Investment demand: Silver is also used as an investment, and the price of silver can be affected by investor sentiment. If investors are bullish on silver, the price will go up. If investors are bearish on silver, the price will go down.
  • Geopolitical factors: Geopolitical factors such as wars or natural disasters can also affect silver prices. If there is a risk of supply disruptions, the price of silver will increase.
  • Inflation: Silver is often seen as a hedge against inflation, and the price of silver can go up when inflation is high.
  • Interest rates: Interest rates can also affect the price of silver. If interest rates are low, investors may be more likely to invest in silver, which can drive up the price.

Impact of GST on Silver Rate in Warangal

The implementation of the Goods and Services Tax (GST) in Warangal has brought about a mixed impact on the silver rate. While the GST has made buying silver more expensive due to the tax being levied on the entire value of the metal, it has also facilitated the selling process by taxing only the profit made on the sale. Consequently, the silver rate in Warangal has seen a slight increase in buying costs but a decrease in selling costs, encouraging sellers to be more active in the market. Although the GST has influenced the silver rate, the impact has been relatively modest.

How can interest rates affect silver prices in Warangal?

Here are some additional details about how interest rates can affect silver prices:

  • Interest rates and investment demand: When interest rates are low, investors may be more likely to invest in silver, as it is seen as a safe haven asset. This can drive up the price of silver.
  • Interest rates and the cost of holding silver: When interest rates are high, the cost of holding silver increases, as investors have to pay more interest on the money they borrow to buy silver. This can lead to a decrease in the price of silver.
  • Interest rates and the value of the dollar: When interest rates are high, the value of the dollar tends to increase. This can make silver, priced in dollars, more expensive for buyers in other countries. This can lead to a decrease in the price of silver.

Don’t miss to check: Home Loan Interest Rate of All Banks | Personal Loan Interest Rate of All Banks

Need Loan Assistance?

Connect with Loan Advisor Now!

+91
Choose City

Check Eligibility

Frequently Asked Questions (FAQs)

How often do silver rates change in Warangal?

Silver rates in Warangal can change frequently, sometimes even multiple times within a day. The rates are influenced by various factors such as global market trends, demand and supply dynamics, economic indicators, and currency fluctuations. It is advisable to stay updated with real-time market information or check for regular updates to be aware of any fluctuations in silver rates.

How can I check the ongoing silver rates in Warangal?

You can check the ongoing silver rates in Warangal through various sources. One common way is to visit the websites or mobile apps of trusted bullion dealers, jewellery stores, or financial news portals that provide live updates on silver rates. Alternatively, you can also contact local jewellers or inquire at banks that deal with precious metals for the latest silver rates in Warangal.

How do I get the best silver rate in Warangal?

To get the best silver rate in Warangal, comparing prices from different sources is recommended. Check the rates offered by multiple jewellers, bullion dealers, and banks. Additionally, keep an eye on promotional offers, discounts, and festive sales that provide better pricing options. Remember to consider the credibility and reputation of the seller and the price to ensure a reliable and satisfactory transaction.

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

The preferred silver investment form in Warangal is typically silver bars or coins, commonly referred to as bullion. These forms of silver are often available in various weights and purities, making them ideal for investment purposes. They are recognised for their value and can be easily bought, sold, and stored. Silver jewellery, however, is primarily considered for ornamental and personal use rather than investment.

How to purchase silver coins in Warangal?

You can purchase silver coins in Warangal from authorised bullion dealers, jewellery stores, or banks that offer silver bullion products. Look for reputable sellers who provide certified and hallmarked silver coins to ensure their authenticity and purity. It is advisable to compare prices, check for buyback options, and inquire about the seller’s return or exchange policies before making a purchase.

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

You may have to pay Goods and Services Tax (GST) while buying silver in Warangal. As of the current tax regulations in India, silver attracts a GST rate of 3%. This GST is applicable to the overall purchase value, including making charges and any other applicable fees. Confirming the prevailing GST rate with the seller at the time of purchase is advisable, as tax regulations are subject to change.

Why should I check the daily silver rates in Warangal?

Checking the daily silver rates in Warangal is important for several reasons. Firstly, it helps you stay informed about the current market value of silver, enabling you to make informed decisions when buying or selling silver jewellery or bullion. Secondly, monitoring daily rates allows you to time your purchases strategically, taking advantage of favourable rate fluctuations. Lastly, being aware of the daily rates provides a better understanding of the overall silver market trends and helps you plan your silver-related investments effectively.

Urban Money