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Silver Rate in Tirupati (4th February 2023)

Feb 4, 2023
76 /Gram -1.80

Silver rates in Tirupati have risen sharply over the last few decades in line with the global trend. It is likely that we would continue to see prices of the metal stay firm over the next few years. Investors who have been investing for the long-term have gained from silver price movement. We have been recommending investor to check the silver rates before venturing into any buying. When prices are low, investors can look to invest and benefit from lower prices prevailing in the city. Overall, this precious metal is a good investment.

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

Gram Silver Rate
Today
Silver Rate
Yesterday
Daily Price Change
1 gram 76 77.80 -1.80
8 gram 608 622.40 -14.40
10 gram 760 778 -18
100 gram 7,600 7,780 -180
1 Kg 76,000 77,800 -1,800

Silver Rate in Tirupati for Last 10 Days

Date 10 gram 100 gram 1 Kg
Feb 3, 2023 760.00 7,600.00 76000.00 -1800
Feb 2, 2023 778.00 7,780.00 77800.00 1800
Feb 1, 2023 760.00 7,600.00 76000.00 1500
Jan 31, 2023 745.00 7,450.00 74500.00 -200
Jan 30, 2023 747.00 7,470.00 74700.00 500
Jan 29, 2023 742.00 7,420.00 74200.00 0
Jan 28, 2023 742.00 7,420.00 74200.00 -400
Jan 27, 2023 746.00 7,460.00 74600.00 -400
Jan 26, 2023 750.00 7,500.00 75000.00 1000
Jan 25, 2023 740.00 7,400.00 74000.00 0

Weekly & Monthly Graph of Silver Price in India

Historical Price of Silver Rate in Tirupati

  • Silver Price Movement in Tirupati, January 2023
  • Silver Rates 1 Kg
    1 st January rate Rs.74,300
    31st January rate Rs.74,500
    Highest rate in January Rs.75,800 on January 16
    Lowest rate in January Rs.73,500 on January 6
    Over all performance Rising
    % Change +0.27%
  • Silver Price Movement in Tirupati, December 2022
  • Silver Price Movement in Tirupati, November 2022
  • Silver Price Movement in Tirupati, October 2022
  • Silver Price Movement in Tirupati, September 2022
  • Silver Price Movement in Tirupati, August 2022

What is the price of 1 gram silver in Tirupati?

Silver may not be as sought as Gold, but, investors across the state of Andhra Pradesh and in Tirupati, may prefer to buy silver, as it is cheaper than gold. Having said that 1 gram of silver in Tirupati now costs Rs 72.50. The rates of silver in Tirupati today are significantly higher than they were a month back. Globally, silver rates have rallied, which has also pushed rates for silver of 1 kg in Tirupati higher. Currently, 10 grams silver costs Rs 716 and 1 kg silver around Rs 71,600. for those looking to invest in Silver, it is a good idea to buy into the metal, as in the long-term silver has given good returns for investors.

How to track silver rates in Tirupati?

Today, there are several ways to track silver price in Tirupati for 1 grams, 10 grams or 1 kg. The best way is to call your local jeweller. Many consumers have jewellers who they have been buying for many years, who would be able to provide accurate silver prices. Apart from this, one can also look online to get silver prices in Tirupati. However, here the problem is that the prices could differ as sometimes they could not be updated. Silver rates change at least 2-3 times a day, which is why there is a need to monitor the same regularly. We would recommend investors to check the price at regular intervals, to get accurate information. If you are looking to sell as well, you should not hesitate as prices have gone much higher than they were. This is particularly true for those investors who wish to encash after a rally in silver rates.

 Understanding grades and fineness before buying silver in Tirupati

One must always emphasize to any jeweller than you wish to buy hallmarked silver only, when buying silver in Tirupati. Let us understand how the BIS hallmarks different grades of silver articles. If you for 9999 grade, than the fineness in the same would be 999.9. If you for grade 9995, than the fineness in the piece of silver would be 999.5. Similarly, if you are looking at 990 grade, the fineness for the same would be 990 itself. It is important before buying silver articles, silver coins, silver bars to understand the various grades as well as the fineness. Remember that purity should be at the top of your mind as an investor of silver in Tirupati. Therefore, one should understand purity, fineness and grade specifications before buying any piece of silver items in the city of Tirupati. Being a well informed buyer always helps.

Silver demand increases in Tirupati

Like gold, we are increasingly seeing silver demand too increasing in the city of Tirupati. According to many analysts silver being better affordable and the ability to make quality jewellery from the same, we could see the demand for silver rise in Tirupati. According to the Gems and Jewellery Export Promotion Council, silver jewellery has also been seeing good demand from the export markets. What is important to understand that silver now is not treated only as a medium to invest in articles, but, also quick diversification into silver jewellery. Ever since the emergence of Covid, gold prices have shot-up a great deal, but, the prices of silver has not risen as much or in tandem. This leaves some scope for silver prices to gain momentum in he coming days. As a cheaper investment option and for the purpose of affordability it is a good choice, especially for those struggling with a budget.

Where to test the purity of silver in Tirupati?

There are a number of places that you can test the purity of silver in Tirupati. First of all when you are buying the metal, there may not be a need to check, if you are buying hallmarked silver items. Apart from this silver bars and silver coins are generally graded and you are kind of assured of the purity. Having said that in case if doubts do emerge it would be a good idea to check them at some of the essaying centres, especially if you are buying large amounts of silver. These centres may charge you a but, but, that is worth the costs involved. These are all authorized centres. Apart from these, some of the jewellers now have state-of-the-art machines, which can identify the grades and the purity as well. Do not compromise on the purity as as it is paramount to enable you get the correct value when you sell.

How to Prevent Oxidation of silver jewellery?

If you are used to buying silver jewellery in India, one of the best things to do is to ensure that you maintain the same properly. One of the ways to prevent oxidation and deterioration of the quality of the gold is to make sure that you where them regularly. This ensures that the silver remains lustrous at all times. Silver jewellery that has not been used for many years, tends to look dull and than would have to be worked upon to ensure its lustre. Also, storages in place where the humidity is not high, also helps to preserve the lustre of the jewellery items. These days there has been a good demand for silver because it is more affordable, which means you need to take care of it, so you can use it and also you get good value. Do remember to check your silver ware frequently and note the conditions.

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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