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Silver Rate in Jaipur

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.

Factors Affecting Silver Rate in Jaipur

Some of the factors that affect the price of silver are:

  • Demand and supply - The demand-supply equation of silver is one of the reasons that make this precious metal very valuable. While its supply is limited, demand remains constant. Any expected or actual rise or fall in the supply or demand will have an impact on the price of silver.
  • Inflation - Silver (as an investment) is considered a great hedge against inflation. When the currency value goes down, silver assures protection against losses in purchasing power. However, it is essential to note that when the demand increases, the silver rate will also increase.
  • Interest Rates - Base interest rate is an indicator of general market conditions. Considering that investments in silver are not made to get a current return, some people will choose interest payments instead of long-term appreciation of silver holdings. Thus, the market rate of silver tends to have an inverse association with the level of interest rates.

How to Invest in Silver in Jaipur?

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.

Things to Remember Before Purchasing Silver in Jaipur

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.

6 Months Silver Rate in Jaipur

Trend of Silver Rate in Jaipur for July 2019 (rates per kg)

Silver Rates1 Kg
1st July rateRs.40,578
31st July rateRs.44,965
Highest rate in JulyRs.44,965 on July 31
Lowest rate in JulyRs.40,560 on July 9
Overall performanceRising
% Change+10.81%

Trend of Silver Rate in Jaipur for June 2019 (rates per kg)

Silver Rates1 Kg
1st June rateRs.39,600
30th June rateRs.40,500
Highest rate in JuneRs.40,500 on June 29
Lowest rate in JuneRs.39,450 on June 2
Overall performanceRising
% Change+2.27%

Trend of Silver Rate in Jaipur for May 2019 (rates per kg)

Silver Rates1 Kg
1st May rateRs.40,500
31st May rateRs.39,500
Highest rate in MayRs.40,700 on May 3
Lowest rate in MayRs.39,360 on May 25
Overall performanceFalling
% Change-2.47%

Trend of Silver Rate in Jaipur for April 2019 (rates per kg)

Silver Rates1 Kg
1st April rateRs.40,647
30th April rateRs.40,000
Highest rate in AprilRs.40,863 on April 10
Lowest rate in AprilRs.40,000 on April 23
Overall performanceFalling
% Change-1.59%

Trend of Silver Rate in Jaipur for March 2019 (rates per kg)

Silver Rates1 Kg
1st March rateRs.43,300
31st March rateRs.41,500
Highest rate in MarchRs.43,300 on March 1
Lowest rate in MarchRs.41,100 on March 8
Overall performanceFalling
% Change-4.16%

Trend of Silver Rate in Jaipur for February 2019 (rates per kg)

Silver Rates1 Kg
1st February rateRs.41,450
28th February rateRs.43,300
Highest rate in FebruaryRs.43,700 on February 26
Lowest rate in FebruaryRs.41,300 on February 4
Overall performanceRising
% Change+4.46%

How does GST impact the rate of Silver in Jaipur?

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)

How to Buy Silver after Checking its Price in Jaipur?

The different ways by which one can buy silver include:

  • Silver bars or coins (bullions)
  • Silver jewellery and ornaments
  • Silver stocks
  • E-silver

What is BIS Hallmarked Silver?

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.

Conclusion

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.

FAQ's On Silver Rate in Jaipur

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).