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Silver Rate in Bangalore (30th May 2017)

The prices of most of the precious metals, have rallied in the last few months, since the beginning of Jan. This includes the silver prices in Bangalore. Silver and gold tend to do tango and move in the same direction. How they will move in the future is the most important question.

Today Silver Price Per Gram/Kg in Bangalore (INR)

Gram Silver Rate
Today
Silver Rate
Yesterday
Daily Price Change
1 gram ₹ 41.50 ₹ 41.35 ₹ 0.15
8 gram ₹ 332 ₹ 330.80 ₹ 1.20
10 gram ₹ 415 ₹ 413.50 ₹ 1.50
100 gram ₹ 4,150 ₹ 4,135 ₹ 15
1 Kg ₹ 41,500 ₹ 41,350 ₹ 150

Silver Rate in Bangalore for Last 10 Days

Date 10 gram 100 gram 1 Kg
May 30, 2017 ₹ 415.00 ₹ 4,150.00 ₹ 41500.00
May 29, 2017 ₹ 413.50 ₹ 4,135.00 ₹ 41350.00
May 27, 2017 ₹ 406.00 ₹ 4,060.00 ₹ 40600.00
May 26, 2017 ₹ 404.00 ₹ 4,040.00 ₹ 40400.00
May 25, 2017 ₹ 400.00 ₹ 4,000.00 ₹ 40000.00
May 24, 2017 ₹ 403.35 ₹ 4,033.50 ₹ 40335.00
May 23, 2017 ₹ 402.25 ₹ 4,022.50 ₹ 40225.00
May 22, 2017 ₹ 393.00 ₹ 3,930.00 ₹ 39300.00
May 20, 2017 ₹ 400.50 ₹ 4,005.00 ₹ 40050.00
May 19, 2017 ₹ 399.90 ₹ 3,999.00 ₹ 39990.00

Weekly & Monthly Graph of Silver Price in India

Historical Price of Silver Rate in Bangalore

  • Silver Price Movement in Bangalore, April 2017
  • Silver Rates 1 Kg
    1 st April rate Rs.45,326
    30th April rate Rs.42,779
    Highest rate in April Rs.46,152 on April 2
    Lowest rate in April Rs.40,215 on April 29
    Over all performance Falling
    % Change -5.62%
  • Silver Price Movement in Bangalore, March 2017
  • Silver Price Movement in Bangalore, February 2017
  • Silver Price Movement in Bangalore, January 2017
  • Silver Price Movement in Bangalore, December 2016
  • Silver Price Movement in Bangalore, November 2016

How silver rates in Bangalore will perform?

One of the most important things to understand as far as silver rates are concerned is the fact that you cannot be sure how they will move. It is extremely difficult to time the market and invest in silver at the lowest level and sell at the highest level. The most important thing to understand is that silver rates in Bangalore will at some stage go up over the long term.

In fact, you can amass wealth only, if you are a longer term investor, whether that is shares or silver does not matter. Therefore, if you are looking to hedge against over exposure to financial assets, it would be a good idea to buy into silver.

Much of the silver price movement in India and the cities of India would depend on international prices. This means that silver rates in Bangalore too would depend on international prices.  It is therefore a good idea to buy into silver, if you are a long term investor.

Silver demand on the rise

Silver demand in Bangalore and in India is on the rise. This is because, the prices of gold have risen dramatically in the last few years and this has led to fresh demand for silver. The latter is much more affordable then gold, which is why it is rather preffered. In fact, last year there were reports that silver demand in India had surged as individuals moved from imitation jewelery to investment in silver. In the past there would be no demand for silver, as investors largely worried over the re sale value of silver. However, lately this has been put to rest, as there has been the ability to sell silver. One can also buy silver from the futures market, where there are plenty of opportunities.  If you are looking to buy into the precious metal, it would be a good idea to buy the same for the more long term. Do check silver rates today in Bangalore on our website. We frequently update our silver rates.

 

Disclaimer: The silver rates are sourced from local jewellers in the city. There maybe variance in rates and prices. GoodReturns.in has made every effort to ensure accuracy of information provided; however, Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell in precious silver. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on silver information provided.

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