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Today's Silver Prices India: After Falling By Rs 1100 Yesterday, Silver Price Rises Sharply
Silver prices witnessed a sharp decline of Rs 1100 yesterday in India to close at Rs 52,800 per kg. However, a reverse trend is seen today.
Silver prices witnessed a sharp decline of Rs 1100 yesterday in India to close at Rs 52,800 per kg. However, a reverse trend is seen today. The prices of silver saw a sharp rise on September 8, 2022 with a gain of Rs 1400 at Rs 54,200 in India. The prices of silver have been on a gaining spree for the past 5 days since September 1, 2022. The gaining momentum broke yesterday when the price fell by Rs 1100.
Silver price was recorded at Rs 51,600 on September 1, 2022 with a gain of Rs 800 per kg.
Check prices of silver in major cities of India below:
| City | 1 Kg |
|---|---|
| Chennai | Rs 59,500 |
| Mumbai | Rs 54200 |
| Delhi | Rs 54,200 |
| Kolkata | Rs 54,200 |
| Bangalore | Rs 59,500 |
| Hyderabad | Rs 59,500 |
| Kerala | Rs 59,500 |
| Pune | Rs 54,200 |
Reasons to buy silver in India
There are many reasons to buy silver in India. Investors can buy silver as coins, jewellery as an investment. When you are buying silver as an investment for future use, it is better to go for coins rather than jewellery. Because when you sell silver jewellery, you won't get the making charge back.
Silver doesn't react to the air. But the base metals such as lead and copper oxidize with air get and separated from the silver. Ancient people refined silver through a process called cupellation. It is the process of refining silver by heating the silver ore and blew air over that.
The largest silver mine is situated in Mexico. It is in Penasquito, located in the north-eastern part of the State of Zacatecas, Mexico. This mine is considered as the world's biggest silver mine by reserve.
Health benefits of silver
Silver is not only appealing to the eye but also can help a person with the health. Investing in silver makes you happy because it can be purchased for a lesser price than gold. Silver is not costly when compared with gold.
Indians are fond of gold and silver. There are many health benefits associated with wearing silver jewellery. Silver is considered as a powerful antimicrobial agent.
Silver helps in fighting infections. Wearing silver helps in flu prevention, wound healing, and more. A large number of people reportedly get much better sleep when they wear silver.
After wearing silver, many people have reported improvements in energy level. Silver helps in internal heat regulation and circulation.
