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Silver Rate in Solapur (4th February 2023)

Feb 4, 2023
73.80 /Gram -0.90

Buying silver items in Solapur

Silver is very popular in Solapur, particularly in the form of investment as small articles. Folks in Solapur tend to buy small silver articles like Silver plates, silver flower baskets, silver lamps etc. Several of these are popular for religious purposes. In fact, the demand for all of these products of silver have been on the rise in the city. One of the important things when buying products like silver baskets ot silver lamps is to see the price of Silver in Solapur. These days we have seen silver rates per 100 grams and silver rates per gram in Solapur, increasing sharply. Over a period of time, if the increase is very sharp, we may see demand for the metal falling. Nevertheless, if pries of Silver do fall in Solapur, it would be a good opportunity to invest for investors. 

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

Gram Silver Rate
Today
Silver Rate
Yesterday
Daily Price Change
1 gram 73.80 74.70 -0.90
8 gram 590.40 597.60 -7.20
10 gram 738 747 -9
100 gram 7,380 7,470 -90
1 Kg 73,800 74,700 -900

Silver Rate in Solapur for Last 10 Days

Date 10 gram 100 gram 1 Kg
Feb 3, 2023 738.00 7,380.00 73800.00 -900
Feb 2, 2023 747.00 7,470.00 74700.00 1400
Feb 1, 2023 733.00 7,330.00 73300.00 1000
Jan 31, 2023 723.00 7,230.00 72300.00 -100
Jan 30, 2023 724.00 7,240.00 72400.00 200
Jan 29, 2023 722.00 7,220.00 72200.00 0
Jan 28, 2023 722.00 7,220.00 72200.00 -400
Jan 27, 2023 726.00 7,260.00 72600.00 0
Jan 26, 2023 726.00 7,260.00 72600.00 100
Jan 25, 2023 725.00 7,250.00 72500.00 0

Weekly & Monthly Graph of Silver Price in India

Historical Price of Silver Rate in Solapur

  • Silver Price Movement in Solapur, January 2023
  • Silver Rates 1 Kg
    1 st January rate Rs.71,300
    31st January rate Rs.72,300
    Highest rate in January Rs.72,900 on January 16
    Lowest rate in January Rs.71,000 on January 6
    Over all performance Rising
    % Change +1.40%
  • Silver Price Movement in Solapur, December 2022
  • Silver Price Movement in Solapur, November 2022
  • Silver Price Movement in Solapur, October 2022
  • Silver Price Movement in Solapur, September 2022
  • Silver Price Movement in Solapur, August 2022

Silver, a good investment option in Solapur

Silver has always been a good investment option, whether you are in Solapur or any other city in India. Having said that most investors in the country have preferred investment in gold, but, if you see the returns from both the metals have largely been same. Silver has one advantage in the sense you can buy larger quantities when compared to gold as the price of the metal is much cheaper than gold. We have advocated buying both silver and gold as a good means of diversification. In fact, investors who have invested in equities can always hedge their risk, by investing in both gold and silver. The only drawback that we have seen for investors is the sharp rise in prices of the precious metal over the last few weeks. That is why we have been telling our readers, not to rush into buying, but to hold till prices stabilize for silver in Solapur.

Silver rates rally in Solapur

Silver prices in Solapur have been constantly rallying and have now crossed the Rs 73,000 mark. We have seen a trend of prices rallying significantly in Solapur for both 1kg silver and also for 100 grams silver. Demand has also been on the rise for two things: First is for the purpose of silver jewellery and the second is also for silver coins and silver bars. The latter is preferred as to some extent one is sure of the purity in it. As far as hallmarked silver jewellery is concerned that is also easily available in Solapur, just like gold jewellery in Solapur. However, the demand for silver jewellery still needs to be strong, as the demand has not been so robust, because of elevated prices. A constant rally in silver prices, would finally weigh on demand in Solapur.

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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