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Silver Rate Today in Bilaspur
silver rate in Bilaspur

10gm:
₹700.00
0(0.00%)
1kg:
₹70,000.00
0(0.00%)

Last updated on: 8th Mar 2023

Bilaspur is a city in the Indian state of Chhattisgarh. It is the administrative headquarters of Bilaspur district and Bilaspur division. With a population of over 2 million, it is the second-most populous city in the state. The town is situated at the confluence of three rivers, the Maniyari, the Koel, and the Seonath.

Silver has long been considered a safe and profitable investment opportunity. In Bilaspur, the demand for silver has grown significantly in the past few years, thanks to the rising prices of precious metals. People have started to see silver as a reliable investment option for generating returns. Furthermore, people are also exploring other investment opportunities, such as gold, stocks, and real estate, to diversify their portfolios and maximize their returns.

People in Bilaspur have a positive outlook towards investing in silver and other investment opportunities, allowing them to make long-term gains. The demand for silver is likely to remain stable in the coming years, and that could provide an excellent opportunity for investors to capitalize on the rising prices of the metal.

Silver Rate Comparison

Some Interesting Facts about Silver

Silver is a precious metal with a variety of uses. Here are some interesting facts about silver that you must know:

  • It is used in electrical components, jewellery and coins.
  • It is also used in industrial applications, such as in the production of electronics, medical equipment and solar panels.
  • Silver is a malleable metal and is very pliable, making it easy to shape into various forms.
  • It is also highly reflective and resistant to corrosion, making it an excellent choice for many industrial and decorative applications.

Silver Rates Bilaspur vs Other Cities

The same factors determine silver rates in Bilaspur as in other cities, such as demand and supply, international silver rates and the Indian rupee’s exchange rate. Silver rates in Bilaspur tend to be slightly lower than in other cities due to the lower demand for physical silver.

Silver rates as per grams in Bilaspur

GramYesterdayToday
1 gram
₹70.00
0 (0.00%)
₹70.00
0 (0.00%)
8 grams
₹560.00
0 (0.00%)
₹560.00
0 (0.00%)
10 grams
₹700.00
0 (0.00%)
₹700.00
0 (0.00%)
100 grams
₹7,000.00
0 (0.00%)
₹7,000.00
0 (0.00%)
1kg
₹70,000.00
0 (0.00%)
₹70,000.00
0 (0.00%)

Popular Silver Investment Options in Bilaspur

Four types of silver investments are available in Bilaspur: physical silver, silver futures, silver ETFs and silver stocks.

Physical Silver

Physical silver is silver in its physical forms, such as coins, bars, jewellery or other items made from silver. Physical silver can be bought and sold in local markets and stored in a safe or bank vault.

Silver Futures

Silver futures are contracts that allow investors to buy or sell silver at a predetermined price on a future date. Institutional investors typically use futures contracts which are unsuitable for smaller investors.

Silver ETFs

Exchange-traded funds (ETFs) are a type of investment fund that invests in silver. ETFs are traded on stock exchanges and are an excellent option for investors looking to diversify their portfolios.

Silver Stocks

Silver stocks are stocks of companies that produce or mine silver. These stocks can be bought and sold on the stock exchange, providing investors with a great way to invest in silver.

Paper Silver vs Physical Silver as Investment Options

Paper silver is a form of silver investment that does not involve the purchase of physical silver. Paper silver investments include silver futures, silver ETFs and silver stocks. These investments are typically used by institutional investors and are unsuitable for smaller investors. These investments are stored against your PAN, so the chance of financial loss is reduced significantly.

On the other hand, physical silver is silver in its physical forms, such as coins, bars, jewellery or other items made from silver. Physical silver can be bought and sold in local markets and stored in a safe or vault.

Historical Silver Rate in Bilaspur for Last 10 Days

10 grams
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Day Silver
09 Mar 2023
₹700.00
0 (0.00%)
08 Mar 2023
₹700.00
0 (0.00%)
07 Mar 2023
₹700.00
0 (0.00%)
06 Mar 2023
₹700.00
0 (0.00%)
05 Mar 2023
₹700.00
0 (0.00%)
04 Mar 2023
₹700.00
0 (0.00%)
03 Mar 2023
₹700.00
-2 (0.00%)
02 Mar 2023
₹702.00
+12 (0.00%)
01 Mar 2023
₹690.00
0 (0.00%)
28 Feb 2023
₹690.00
-19 (0.00%)
Day Silver
09 Mar 2023
₹700.00
0 (0.00%)
08 Mar 2023
₹700.00
0 (0.00%)
07 Mar 2023
₹700.00
0 (0.00%)
06 Mar 2023
₹700.00
0 (0.00%)
05 Mar 2023
₹700.00
0 (0.00%)
04 Mar 2023
₹700.00
0 (0.00%)
03 Mar 2023
₹700.00
-2 (0.00%)
02 Mar 2023
₹702.00
+12 (0.00%)
01 Mar 2023
₹690.00
0 (0.00%)
28 Feb 2023
₹690.00
-19 (0.00%)
Day Silver
09 Mar 2023
₹700.00
0 (0.00%)
08 Mar 2023
₹700.00
0 (0.00%)
07 Mar 2023
₹700.00
0 (0.00%)
06 Mar 2023
₹700.00
0 (0.00%)
05 Mar 2023
₹700.00
0 (0.00%)
04 Mar 2023
₹700.00
0 (0.00%)
03 Mar 2023
₹700.00
-2 (0.00%)
02 Mar 2023
₹702.00
+12 (0.00%)
01 Mar 2023
₹690.00
0 (0.00%)
28 Feb 2023
₹690.00
-19 (0.00%)
Day Silver
09 Mar 2023
₹700.00
0 (0.00%)
08 Mar 2023
₹700.00
0 (0.00%)
07 Mar 2023
₹700.00
0 (0.00%)
06 Mar 2023
₹700.00
0 (0.00%)
05 Mar 2023
₹700.00
0 (0.00%)
04 Mar 2023
₹700.00
0 (0.00%)
03 Mar 2023
₹700.00
-2 (0.00%)
02 Mar 2023
₹702.00
+12 (0.00%)
01 Mar 2023
₹690.00
0 (0.00%)
28 Feb 2023
₹690.00
-19 (0.00%)
Day Silver
09 Mar 2023
₹700.00
0 (0.00%)
08 Mar 2023
₹700.00
0 (0.00%)
07 Mar 2023
₹700.00
0 (0.00%)
06 Mar 2023
₹700.00
0 (0.00%)
05 Mar 2023
₹700.00
0 (0.00%)
04 Mar 2023
₹700.00
0 (0.00%)
03 Mar 2023
₹700.00
-2 (0.00%)
02 Mar 2023
₹702.00
+12 (0.00%)
01 Mar 2023
₹690.00
0 (0.00%)
28 Feb 2023
₹690.00
-19 (0.00%)

How is the Purity of Silver Evaluated in Bilaspur?

The purity of silver is evaluated in Bilaspur based on the purity of the item’s silver content. Silver coins and bars are typically considered for their silver content by weight. At the same time, jewellery and other items are evaluated based on the purity of the silver used in the object.

It is essential that all silver items need to have a BIS Hallmark, signifying the purity levels. So if your silver item has no BIS Hallmark, you should assess its purity levels. But if your silver doesn't have a BIS hallmark, then you can use the following options:

  1. Acid Test: Silver is placed in nitric acid, and if it turns green, it stands for impure silver.
  2. Touchstone Test: Silver is rubbed on a unique black stone, and the streak left behind is compared to a known sample of pure silver.
  3. X-Ray Fluorescence: A beam of X-rays is passed through the sample, and the elements present are identified.
  4. Fire Assay: Silver is heated in a furnace, and the residue is weighed and compared to the original sample.
  5. Electronic Spectroscopy: A beam of electrons is passed through the sample, and the elements present are identified.
  6. Visible Light Spectroscopy: Light is passed through the sample, and the elements present are identified.

Comparison Between Gold and Silver in Bilaspur as Investment Choices

Gold and silver are both popular investments in Bilaspur. Gold is considered a safer investment and is more stable in terms of pricing. However, silver is more volatile and can offer more significant potential for appreciation over time. Gold also has a higher initial cost than silver and is more likely to be affected by inflation in the long term.

Silver vs Other Investment Options in Bilaspur

Investors in Bilaspur have various investment options, including stocks, bonds, mutual funds, real estate, and gold and silver. Silver is a relatively low-cost investment compared to other options, making it an excellent choice for investors looking to diversify their portfolios. Silver is also more volatile than other investments, which can provide more significant potential for appreciation over time.

Impact of GST / Central Bank Policies on Silver Rate in Bilaspur

The Goods and Services Tax (GST) and central bank policies can impact the silver rate in Bilaspur. The GST is a tax levied on the sale of goods and services in India. Currently, the GST on silver is at 3%. It can affect the price of silver by increasing the cost of trading and transporting silver.

On the other hand, the RBI (Reserve Bank India) releases and revises its policies every quarter or three months. The Central bank policies, such as setting interest rates and controlling the money supply, can also affect silver prices in Bilaspur.

FAQs of Silver Rate in Bilaspur

What are the risks associated with investing in silver?

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Investing in silver carries risks similar to those associated with investing in other commodities, such as volatility, liquidity, and counterparty risk. Changes in the currency markets and macroeconomic conditions can also affect Silver prices.

How much should I invest in silver?

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What is the best way to store my silver investments?

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What factors should I consider when investing in silver?

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Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are subject to change with market value and are provided on an as-is basis. Wint Wealth has no commercial interest or gain in or from the actions resulting from the information displayed on this page. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of the data contained on this website.