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Silver Rate in Bangalore (17th August 2022)

Aug 17, 2022
63.40 /Gram -1.40

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 63.40 64.80 -1.40
8 gram 507.20 518.40 -11.20
10 gram 634 648 -14
100 gram 6,340 6,480 -140
1 Kg 63,400 64,800 -1,400

Silver Rate in Bangalore for Last 10 Days

Date 10 gram 100 gram 1 Kg
Aug 16, 2022 634.00 6,340.00 63400.00 -1400
Aug 15, 2022 648.00 6,480.00 64800.00 0
Aug 14, 2022 648.00 6,480.00 64800.00 0
Aug 13, 2022 648.00 6,480.00 64800.00 400
Aug 12, 2022 644.00 6,440.00 64400.00 200
Aug 11, 2022 642.00 6,420.00 64200.00 0
Aug 10, 2022 642.00 6,420.00 64200.00 -300
Aug 9, 2022 645.00 6,450.00 64500.00 1500
Aug 8, 2022 630.00 6,300.00 63000.00 0
Aug 7, 2022 630.00 6,300.00 63000.00 0

Weekly & Monthly Graph of Silver Price in India

Historical Price of Silver Rate in Bangalore

  • Silver Price Movement in Bangalore, July 2022
  • Silver Rates 1 Kg
    1 st July rate Rs.65,000
    31st July rate Rs.63,700
    Highest rate in July Rs.65,000 on July 1
    Lowest rate in July Rs.60,000 on July 27
    Over all performance Falling
    % Change -2%
  • Silver Price Movement in Bangalore, June 2022
  • Silver Price Movement in Bangalore, May 2022
  • Silver Price Movement in Bangalore, April 2022
  • Silver Price Movement in Bangalore, March 2022
  • Silver Price Movement in Bangalore, February 2022

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.

Buying Silver in Bangalore

Bangalore is the second-largest market for metal like silver in all of South India. When planning to purchase silver in Bangalore, it is highly recommended that you contact certified and established jewellers who sell branded jewellery.

Silver is the most popular asset and commodity in Bangalore for investment purposes. India is the biggest consumer of money in the world. The purchase of silver in the city of Bangalore is mainly for making jewellery and ornaments.

In Bangalore, silver is considered an absolute substitute for yellow metal. It is used in the manufacture of jewellery and is also a key industrial input for the manufacture of various products.

Industrial demand has a great influence on silver prices in Bangalore. International silver and gold trends also play a key role in price volatility and the resulting demand for precious metals. Silver bullion can be purchased from trusted sources such as established banks and jewellers in Bangalore. Silver bars typically come in weights of 500g to 1kg.

Many silver dealers tend to offer a separate price for payments made by bank transfer or check. They will charge a slightly higher rate of 2%-2.5% for credit or debit card payments for maintenance charges. The main reason behind this higher rate is that the dealer has to pay a processing fee to the merchant who provides the swiping machine. So when buying Silver in Bangalore, opt for bank transfers or check payments for the best available rates.

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 Prices Trades Flat in Bangalore

The silver prices traded flat in Bangalore despite inching down marginally in the international markets.

The silver rates in Bangalore were seen at Rs 663 for 10 grams during today’s trade session.

In the overseas markets, July Comex silver futures stood at $21.635 an ounce.

The solid rebound in the U.S. stock indexes and rise in the bond yields value has weighed on the safe-haven metal on the first day of summer.

The global equities markets were mixed to the higher overnight U.S. stock indexes. The stock markets were closed yesterday due to the Juneteenth holiday. Traders' and investors' risk appetite has improved marginally. Yet, the U.S. stock indexes remain in downward trends and are not far above their recent bear-market lows.

Meanwhile, the high rates of inflation and U.S. economic recession have remained on investors' and traders' minds at the moment, forcing them to stay away from riskier assets.

21 June 2022
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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