Silver rate in Bharuch
silver rate in bharuch

1gm:
77.30
0.00(0.00%)
1kg:
77,300.00
0(0.00%)

Last updated on: 3th Feb 2023 10:00 AM

Bharuch is a small but picturesque city located on the banks of river Narmada in Gujarat. The city is famous for its salted peanuts and black soil, ideal for growing cotton. Silver is also an in-demand metal in Bharuch.

People of Bharuch usually buy silver coins and utensils for personal use and gifting purposes. So, the demand for silver is high in the city and to cater to this demand, many jewellers are present in and around Bharuch. I you also wish to invest in silver, then read on to learn more about the silver rates in Bharuch. 

Silver rates as per grams in Bharuch

GramYesterdayToday
1gm
77.30
0.00 (0.00%)
77.30
0.00 (0.00%)
8gm
618.40
0.00 (0.00%)
618.40
0.00 (0.00%)
10gm
773.00
0.00 (0.00%)
773.00
0.00 (0.00%)
100gm
7,730.00
0.00 (0.00%)
7,730.00
0.00 (0.00%)
1kg
77,300.00
0.00 (0.00%)
77,300.00
0.00 (0.00%)

What Impacts the Rate of Silver in Bharuch? 

Just knowing the day-to-day rate of silver isn't enough. To look at silver as an investment, you also need to know the factors that impact the rates of silver. Here are some factors that have the maximum impact on silver prices:

Currency Fluctuations: Silver is priced in dollars. So, any fluctuations that push the dollar up or the rupee down make it expensive for us to get silver. Similarly, if the dollar falls, silver becomes cheaper for us.

Increased Demand: Silver is a very versatile metal. It is used to make jewellery, utensils, electric vehicles, electronics, etc. It is also used for investment, especially during times of inflation. So, the demand for silver is usually high during the festive season or when analysts announce that inflation is rising. This increased demand also raises the price of silver. 

Climate Change: Believe it or not, a rise in climate change will increase the demand for silver. Silver is used in many climate-friendly technologies, like solar panels and solar photovoltaic cells. So, as the world gets more climate-friendly, we're going to see a rise in the demand for silver. 

Economic Factors: Factors like an increase in the import duty of silver and geopolitical factors like a war or pandemic all impact the price of silver. When wars break out, prices of metals like silver usually see a spike because these metals are what people tend to buy during times of trouble. 

Historical silver rates in Bharuch in last 10 days

1 gram
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Day Silver
04 Feb 2023
77.30
0.00 (0.00%)
03 Feb 2023
77.30
0.00 (0.00%)
02 Feb 2023
77.30
2.50 (3.35%)
01 Feb 2023
74.80
0.30 (0.41%)
31 Jan 2023
74.50
0.30 (0.41%)
30 Jan 2023
74.20
0.00 (0.00%)
29 Jan 2023
74.20
0.00 (0.00%)
28 Jan 2023
74.20
-0.40 (-0.53%)
27 Jan 2023
74.60
-0.40 (-0.53%)
26 Jan 2023
75.00
1.00 (1.36%)

Is Physical Silver the Best Way to Invest in Silver? 

You can invest in silver in various ways, directly and indirectly. The most common way to invest in silver has been buying physical silver since it serves more than one purpose. But as time goes by, this method is becoming more and more cumbersome. 

For instance, to buy physical silver, you must identify a reputed jewellery store or a bank. Make sure the silver you get is pure. Pay making charges on it if you're buying jewellery, utensils, or even silver bars. Store it safely in a bank locker that you have to pay for. And then when you go to sell it, you don't get back the making charges; 15% of the price of your silver goes away in making charges. 

So, buying physical silver is losing its charm, especially from an investment perspective. Instead, you can invest in a silver exchange-traded fund. These funds track the spot price of silver and give you returns accordingly. Many mutual fund houses offer silver ETFs, making it a simple way to invest in silver. 

Weekly & monthly silver rate in Bharuch
1 gram
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7 Days
30 Days
3 Months
6 Months

Is Investing in Silver Risky? 

Silver is viewed as a hedge against inflation because the metal's purchasing power does not decline with time. With the demand for silver increasing, investing in metal seems all the more lucrative.

Every investment comes with risk. Because the silver market is small, big players hold a lot of influence. If one big player decides to buy or sell huge amounts of silver, the prices will fluctuate very rapidly.

That happened when Warren Buffet purchased 130 million ounces of silver in 1988. So, investing in silver could be risky, and if you are planning on investing in silver futures or the stocks of silver mining companies, the risk could be larger. 

Trend of Silver rates in Bharuch

1 gram
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Day Silver
01 February 202374.8
07 February 20230
Highest77.3
Lowest74.8

Things to Remember Before Buying Silver Jewellery in Bharuch?

When buying silver jewelry in Bharuch, it's important to keep the following things in mind:

  • Quality: Make sure to only buy silver jewelry from reputable jewelers who use high-quality silver. Ask to see the purity certification for the silver, and ensure that it is hallmarked by the Bureau of Indian Standards (BIS).

  • Design: While buying silver jewelery also consider the design of the jewelry. Check for the intricate details and craftsmanship of the piece.

  • Price: Compare prices from multiple jewelers to ensure you are getting a fair price for the piece. Be aware of any additional charges, such as import duties or GST, that may affect the final price.

  • Hallmarking: Always check the authenticity of Hallmarking on your silver jewelry, it gives you the assurance of the purity of silver.

  • Returns and exchanges: Find out if the jeweler has a return or exchange policy, just in case the piece doesn't meet your expectations.

  • Purpose: Think about why you are buying the silver jewelry, is it for personal use or as a gift. Also, consider if it's something you can wear often, and it would look good with your existing collection of jewelry.

  • Aftercare: Ask about the jeweler's recommendations for cleaning and maintaining your silver jewelry, to ensure it remains in good condition.

FAQs of Silver price in Bharuch

Why is silver more affordable than gold? 

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Is there a relation between the prices of silver and gold?

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 How to Calculate the Price of Silver in India?

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What are the Factors to be Kept in Mind While Buying Silver?

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