While the price of silver is not as high as gold, its demand is almost equal. Silver jewellery are quite often bought by Indian households. Considered highly auspicious, many use silverware and even gift them to near and dear ones during festivities. The cost of silver in India varies across cities on account of local market factors, like demand and supply, taxes and transportation charges. This article highlights how lucrative silver investments are in Jaipur and its rates over the recent months.
Some of the factors that affect the price of silver are:
Given that silver is an appreciatory commodity, it is the best fit for long-term investors. There are a number of ways to invest in silver - here is a look at some of them:
Silver bars or coins (bullions) - Individuals can buy silver coins or bars from any authorized store or even from a bank.
Silver ornaments - Indians prefers silver ornaments as much as gold. It is essential to look out for sterling silver with the 925 hallmark. This serves as proof that the silver is 92.5% pure.
E-silver - Through the National Spot Exchange Limited, users are able to trade in E-Silver. The NSEL enables individuals to put money into silver (in smaller denomination) and hold it in demat form.
Silver stocks - Buying shares in silver stocks can help individuals diversify their investment portfolio. This is a popular form of investing as silver (as a long-term investment) helps protect against the volatility in other sectors.
Silver in its purest form is very soft, therefore zinc, copper or nickel are added to give it strength. Although copper makes silver firm, it has a tendency to tarnish, as a result of which the jewellery darkens when it is frequently in contact with water, air or other elements. Starting from 2003, jewellers have begun mixing platinum, which is harder and resistant to tarnish. However, this raises the ornament’s price. The best silver sold is sterling silver, which comprises of 92.5% of the precious metal. It would have an .925 or 925 stamp. Avoid purchasing jewellery whose purity level falls below this mark.
Many jewellers have said that most fraud cases take place in silver ornaments and wares. It is therefore advisable to only purchase these from well-established jewellers, with credible buyback policies. Silver is resold based on its weight. Considering that the metal is often melted for the purpose of its reuse, it is possible to lose out on the making charges. The only exception is if an individual has antique silver jewellery.
Trend of Silver Rate in Jaipur for July 2019 (rates per kg)
| Silver Rates | 1 Kg |
| 1st July rate | Rs.40,578 |
| 31st July rate | Rs.44,965 |
| Highest rate in July | Rs.44,965 on July 31 |
| Lowest rate in July | Rs.40,560 on July 9 |
| Overall performance | Rising |
| % Change | +10.81% |
Trend of Silver Rate in Jaipur for June 2019 (rates per kg)
| Silver Rates | 1 Kg |
| 1st June rate | Rs.39,600 |
| 30th June rate | Rs.40,500 |
| Highest rate in June | Rs.40,500 on June 29 |
| Lowest rate in June | Rs.39,450 on June 2 |
| Overall performance | Rising |
| % Change | +2.27% |
Trend of Silver Rate in Jaipur for May 2019 (rates per kg)
| Silver Rates | 1 Kg |
| 1st May rate | Rs.40,500 |
| 31st May rate | Rs.39,500 |
| Highest rate in May | Rs.40,700 on May 3 |
| Lowest rate in May | Rs.39,360 on May 25 |
| Overall performance | Falling |
| % Change | -2.47% |
Trend of Silver Rate in Jaipur for April 2019 (rates per kg)
| Silver Rates | 1 Kg |
| 1st April rate | Rs.40,647 |
| 30th April rate | Rs.40,000 |
| Highest rate in April | Rs.40,863 on April 10 |
| Lowest rate in April | Rs.40,000 on April 23 |
| Overall performance | Falling |
| % Change | -1.59% |
Trend of Silver Rate in Jaipur for March 2019 (rates per kg)
| Silver Rates | 1 Kg |
| 1st March rate | Rs.43,300 |
| 31st March rate | Rs.41,500 |
| Highest rate in March | Rs.43,300 on March 1 |
| Lowest rate in March | Rs.41,100 on March 8 |
| Overall performance | Falling |
| % Change | -4.16% |
Trend of Silver Rate in Jaipur for February 2019 (rates per kg)
| Silver Rates | 1 Kg |
| 1st February rate | Rs.41,450 |
| 28th February rate | Rs.43,300 |
| Highest rate in February | Rs.43,700 on February 26 |
| Lowest rate in February | Rs.41,300 on February 4 |
| Overall performance | Rising |
| % Change | +4.46% |
The GST that is applicable on silver is 3%. This rate is applicable on i) Silver (including silver plated with gold or platinum), unwrought or semi-manufactured forms, or in powder form, ii) Base metals or silver, clad with gold, not further worked than semi-manufactured, iii) Articles of goldsmiths’ or silversmiths’ wares and parts thereof, of precious metal or of metal clad with precious metal, etc. (Source: GST Council)
The different ways by which one can buy silver include:
Silver - a versatile precious metal - has myriad uses and investment opportunities. Also, taking into account that it is more abundant than gold, it is more affordable per ounce as compared to gold. Making investments in silver can help individuals diversify their portfolios. It is best combined with gold investments as well as any stocks or bonds.
In conclusion, Silver is a good investment option if you can’t purchase gold. However, you must ensure that you purchase Silver from a certified and established jeweller.
What is 10 grams Silver rate in Jaipur?
According to the website of Good Returns, the per gram silver rate is Rs. 49.16 (as on 27 August 2019).
What is 10 grams Silver rate in Jaipur?
According to the website of Good Returns, the rate for 10 grams silver is Rs. 491.60 (as on 27 August 2019).
What is 100 grams Silver rate in Jaipur?
According to the website of Good Returns, the rate for 100 grams silver is Rs. 4,916 (as on 27 August 2019).
What is 1 kg Silver rate in Jaipur?
According to the website of Good Returns, the rate for 1 kg of silver is Rs. 49,160 (as on 27 August 2019).
