Silver Rate In Himachal Pradesh Today

Silver Rate In Himachal Pradesh Today

Himachal Pradesh is a green place surrounded by mountains. Moreover, it is considered one of the fastest-growing economies in the country. The silver rate in Himachal Pradesh is increasing at a constant pace. Like any other state in the country, silver was majorly in Himachal Pradesh during the reign of kings. Whereas, Himachal may not account for a large portion of silver, but it is still has a sizeable population that uses silver.

Silver Rate In Himachal Pradesh Today

	Today	Yesterday	Rate Change
Silver (1 gram)	₹ 67.3	₹ 68.5	₹ -1.2 ↓
Bar Silver (1 Kg)	₹ 67,300	₹ 68,500	₹ -1,200 ↓

Silver Rate in Himachal Pradesh – 10 gm, 100 gm & 1 kg Silver Price in Gujarat Today

This section conveys the complete information on Silver Price in Himachal Pradesh Today and the changes in prices of silver yesterday. Comparatively this study is performed between the two and relative changes noted below in the table. The major reason to compare silver prices is to monitor daily changes in silver rates in the state of Himachal Pradesh.

Quantity	Rupee
1 Gram	INR 68.50
1 Tola	INR 798.97
10 Grams	INR 685.00
1 Sovereign	INR 548.00
10 Tolas	INR 7,989.71
1 Ounce	INR 2,130.59
1 Kilogram	INR 68,500.00

Silver Rate in Himachal Pradesh for Last 10 Days

Date	Silver (1 gram)	Bar Silver (1 Kg)
31 Mar 2021	₹ 67.3	₹ 67,300
30 Mar 2021	₹ 68.5	₹ 68,500
29 Mar 2021	₹ 69.3	₹ 69,300
28 Mar 2021	₹ 69.3	₹ 69,300
27 Mar 2021	₹ 69.3	₹ 69,300
26 Mar 2021	₹ 69.5	₹ 69,500
25 Mar 2021	₹ 69.4	₹ 69,400
24 Mar 2021	₹ 69.7	₹ 69,700
23 Mar 2021	₹ 70.4	₹ 70,400
22 Mar 2021	₹ 71.8	₹ 71,800

Historical Price of Silver Rate In Himachal Pradesh

In Himachal Pradesh, the price of silver was opened at the rate of Rs. 42, 530 per kg. The metal projected the fall in its prices as it reflected the International price change in dollars. The prices had been trading as low as the risk sentiment saw a decrease after the increasing tensions between Washington. Silver prices are on the verge to witness significant growth after a drop-down trading rally as weak and grim U.S. economic data underscored the impact of the coronavirus.

February 2021, Silver Price Movement in Himachal Pradesh

Parameters	Silver Price (per kg)
February 1 Rate	Rs.78,100 per kg
February 28 Rate	Rs.67,500 per kg
Highest Rate in February	Rs.78,100 per kg on 1 February
Lowest Rate in February	Rs.67,300 per kg on 5 February
Overall Monthly Performance	Decline
Percentage Change	13.57%

• The price movement in silver rate in the month of February was revealed at Rs. 78,100 per kg and closed at Rs. 67,500 per kg.
• The peak point was worth Rs. 78,100 per kg on 1st February and the lowest price measure was worth Rs. 76,300 per kg at the end of the month.
• Prices were unstable and witnessed a crucial movement in the last week of February.

January 2021, Silver Price Movement in Himachal Pradesh

Parameters	Silver Price (per kg)
January 1 Rate	Rs.72,000 per kg
January 31 Rate	Rs.69,800 per kg
Highest Rate in January	Rs.74,500 per kg on 8 January
Lowest Rate in January	Rs.63,900 per kg on 9 January
Overall Monthly Performance	Decline
Percentage Change	-3.05%

• The price movement in the silver rate in the month of January was revealed at Rs. 72,000 per kg and closed at Rs. 69,800 per kg.
• The peak point was worth Rs. 74,500 per kg on 1st January and the lowest price measure was worth Rs. 63,900 per kg at the end of the month.
• Prices were unstable and witnessed a crucial movement in the last week of January.

What makes the Silver Rate in Himachal Pradesh increase or decrease?

The silver rate in Himachal Pradesh today is not much expensive as compared to other states across India. Unlike gold, silver is easily affordable as it is used in a variety of styles in jewelry making in the state. Moreover, due to affordability, most of the pieces of jewelry have been imported outside the state. Advanced processes enhance the recovery of silver and gold during the mining process being introduced.

What are the various measuring units of Silver in Himachal Pradesh? 

Mexico ranks on the top after Peru, Australia, China, Chile, and many others. Silver is considerably in huge demand and is on a stable increase. Silver is purchased as jewelry, puja items, and households. The silver is measured in weights and percentages.
Since no Silver ETFs are listed on NSE, the other method of investing in Silver ETFs is invested in Silver ETFs in the US Market. An individual needs to take care of fluctuated taxes and foreign exchange volatility as well.

Factors Influencing the Prices of Silver in Himachal Pradesh

Supply & Demand: One reason why the metal is so significant is that the supply and demand for silver are minimal and demand persists. The reality defines that any rise or reduction in supply or demand changes the prices against fluctuations.  

How much is the Tax Levied on Silver Rate in Himachal Pradesh?

Silver market insiders see an extended dollar history during which silver prices are under fire. With the increase in the dollar rate, the silver rate has been steadily increasing in the state of Himachal Pradesh. 

FAQs

✅ What are the drawbacks of investing in silver jewelry?

The major disadvantage of buying silver jewelry is that a substantial amount of cash is wasted once you exchange or resell the silver jewelry items. Also, you’ve got to pay making charges and wastage for the new items you’re getting to purchase.

✅ What is the way to check Silver Live Rate?

You can log in to the Dialabank Silver Rate page to see the Himachal Pradesh Live Silver Rate. Click on Community, select Resources then attend Silver Rate. Here, you’ll find the state-wise silver rates for the day.

✅ What’s the minimum purchase amount for silver futures on the MCX?

One can trade a minimum of 100 grams of silver on the MCX.