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Silver Rate in Bangalore (4th August 2021)

Aug 4, 2021
67.60 /Gram -0.25

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 67.60 67.85 -0.25
8 gram 540.80 542.80 -2
10 gram 676 678.50 -2.50
100 gram 6,760 6,785 -25
1 Kg 67,600 67,850 -250

Silver Rate in Bangalore for Last 10 Days

Date 10 gram 100 gram 1 Kg
Aug 3, 2021 676.00 6,760.00 67600.00 -250
Aug 2, 2021 678.50 6,785.00 67850.00 -50
Aug 1, 2021 679.00 6,790.00 67900.00 0
Jul 31, 2021 679.00 6,790.00 67900.00 -300
Jul 30, 2021 682.00 6,820.00 68200.00 1000
Jul 29, 2021 672.00 6,720.00 67200.00 800
Jul 28, 2021 664.00 6,640.00 66400.00 -700
Jul 27, 2021 671.00 6,710.00 67100.00 -400
Jul 26, 2021 675.00 6,750.00 67500.00 400
Jul 25, 2021 671.00 6,710.00 67100.00 50

Weekly & Monthly Graph of Silver Price in India

Historical Price of Silver Rate in Bangalore

  • Silver Price Movement in Bangalore, July 2021
  • Silver Rates 1 Kg
    1 st July rate Rs.68,700
    31st July rate Rs.67,900
    Highest rate in July Rs.70,600 on July 6
    Lowest rate in July Rs.66,400 on July 28
    Over all performance Falling
    % Change -1.16%
  • Silver Price Movement in Bangalore, June 2021
  • Silver Price Movement in Bangalore, May 2021
  • Silver Price Movement in Bangalore, April 2021
  • Silver Price Movement in Bangalore, March 2021
  • Silver Price Movement in Bangalore, February 2021

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.

Latest Updates on Bangalore Silver Rates

Silver rates in Bangalore drop marginally

Silver rates in the city of Bangalore dipped at Rs 66,600 for 1 kg.

This is more or less in line with the trend we were seeing in the global markets, where gold and silver both dropped.

Silver has been on an uptick since the start of the month, thanks to a rally in prices across the globe. Gold and silver prices on Thursday hit 1-week lows as the dollar saw some gains.

Spot gold fell 0.4% to $1,803.66per ounce by 12:30 p.m. ET, having hit a low since July 12 of $1,793.59. This dragged silver prices in the city lower.

Silver prices in Bangalore are largely dependent on how international prices in the city move. Should international prices go higher, we would see Bangalore prices also go higher. We might see an increasing consolidation phase of silver at the current levels.

22 July 2021

Disclaimer: There maybe definitely a 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. Silver rates are the futures rates across all cities in India and hence there maybe price variation.

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