Home>Silver Rates>Silver Rate in Chandrapur
commodity rates search

Silver Rate Today in Chandrapur
silver rate in Chandrapur

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

Last updated on: 8th Mar 2023

Chandrapur is a mixed bowl of traditions, values, and industrial growth through the coal and cement industries. Chandrapur had ancient connections with Gonds and Marathas; even today, the local population has preserved their cultural values through tribal folk festivals and ceremonies.

During the Mahakali festival in Chandrapur, some people buy silver as a mark of auspiciousness. People also purchase silver during weddings and other festivities.

Therefore the demand for silver remains high throughout the year in Chandrapur, making investing in silver a wise option. 

Silver Rate Comparison

Why should you invest in silver in Chandrapur?

Silver is a very affordable option for investing; you can buy silver coins, utensils, and even jewellery for just a few hundred bucks. Internationally, its prices may be volatile, but domestic prices are steady, owing to constant demand all year due to wedding ceremonies and customs followed during the festivals.

Silver is cheaper than gold and has better resilience than gold in bullish markets. Silver has multiple uses; once bought, it can be used in various ways: for decoration, jewellery, and in emergencies, for quick cash liquidity. Silver also outperforms during inflation and political turmoil as people don't acquire jewellery and its price rises; therefore, having jewellery during this time is always beneficial. 

Physical silver vs paper silver?

In a country like India, the demand and need for silver will probably never diminish. Owing a piece of silver jewellery, coins, or artefacts will always have a charm. Nevertheless, a new route for investment has come up nowadays: "paper silver."

Paper silver and its derivatives are unallocated securities. They are not real and do not provide ownership of actual, physical silver. They are traded through ETFs, silver futures, and silver mutual funds and the right are of the shares of silver. Both options have their benefits and risks; therefore, the decision to choose one should be based on consultation with your financial manager.

Silver rates as per grams in Chandrapur

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%)

Different options For investing in silver in Chandrapur

  • Jewellery is the most common way of investing in silver. Almost every family in Chadarpur owns some piece of jewellery made out of silver.
  • You can also purchase silver coins from both banks and jewellers. You should remember that while buying silver coins is less expensive than purchasing jewellery, purchasing from a bank requires some paperwork.
  • Silver artefacts for decoration purposes are also another standard route of investment. Owning any utensil, just like jewellery, is also considered auspicious for homes in Chandrapur.
  • Silver ETFs (exchange-traded funds) are a new way of trading silver. ETFs are managed by the fund manager, who acts as a custodian. ETFs also allow for greater liquidity.
  • Additionally, you can invest in silver futures. A legally binding agreement to buy or sell silver at a specific price and time is known as a futures contract.
  • With the help of a silver mutual fund, you can invest in a variety of silver-related assets, including silver exchange-traded funds and mining companies.

Historical Silver Rate in Chandrapur for Last 10 Days

10 grams
DownArrow
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 To determine the purity of silver?

Here are the various options to determine the purity of silver in Chandrapur:

  • BIS markings: Find the markings of Beauru of Indian standard when buying any silver products. Its identification is a little triangle with a dot inside and BIS written.
  • Ice-cube test: Place an ice cube on a silver item, if the ice cube melts faster than usual then it is pure silver.
  • Ring test: If silver is pure silver, then on rubbing silver you can hear a melodious ringing sound.
  • Magnet test: By nature, silver does not have magnetic properties, so if silver is attracted to the magnet, it is fake silver.
  • Purity number: You must have seen a number inscribed on silver products.
    • The number 999 means it has 99.9% pure silver, the purest form of silver.
    • Number 925 is sterling silver.
    • Number 800 is meant for jewellery.

Gold vs Silver in Chandrapur

Here is a comparative analysis of gold vs silver in Chandrapur:

  1. In Chandrapur, the demand for gold and silver is very high during the wedding season and festival times. While gold is the first choice for jewellery, the demand for silver is very high for industrial purposes.
  2. Silver is very malleable. It can be complemented with other precious metals and stones like diamond, and gemstones like opal, sapphire and citrine.
  3. While both gold and silver are used for daily use purposes in Chandrapur, silver is very durable- easy to carry and can be used in any design and shape.
  4. Silver is cheaper than gold. You would have to wait for months to have enough capital to invest in gold, whereas you can buy silver even with limited capital.
  5. Silver has diverse usage across many sectors such as in renewable energy, the medical sector, e-vehicles and in cloud seeding. Whereas gold has only limited use either as currency or jewellery. 

FAQs of Silver Rate in Chandrapur

Is investing in silver a good option?

DownArrow

Investing in silver is always better than not investing in it at all. Of course, it does not yield high results like gold or other stock options, but it does offer choices even with the minimum amount. Yes, but do check with your financial manager. And always follow a balanced approach.

How do I invest in silver?

DownArrow

How is the silver price in Chandrapur calculated?

DownArrow

How can you identify the purity of silver in Chandrapur?

DownArrow

What factors can impact the resale value of silver jewellery?

DownArrow

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.