Silver rate in Chitradurga
silver rate in chitradurga

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

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

Chitradurga is both a prominent city and the capital of the Chitradurga district. It is located in the central part of the Indian state of Karnataka, in the valley of the Vedavati river. Most people in the area agree that silver is an excellent investment option as is cheaper than gold and still has a high value. Locals believe silver is lucky, so they buy it to mark special events.

But the price of silver changes every day. So, before investing in silver, you should know how much it is worth. Also, consider the quality of the metal when making a purchase decision.

Another new trend in the silver market is that you can now buy silver on paper instead of in the form of metal. Read on to find out how much silver costs in the city today, how it compares to gold, how to figure out how pure it is, and more.

Silver rates as per grams in Chitradurga

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%)

Some Interesting Facts on Chitradurga Silver vs Other

  • The first silver coins in India were made in Thiruvananthapuram. In 1857, it was made by the Maharaja of Travancore.
  • The Maharaja of Travancore had a large collection of silver coins. He gave the coins to the Government Museum in Chennai sometime later.
  • In Malayalam, silver is called "thulasi," which means "flower" or "star."
  • People think silver spoons are good for an infant's health because they kill germs.
  • Because silver can't be broken, it is always melted down, cleaned, and used again. Some parts of your silver accessories may be from a different time.
  • On a scale from 0 to 100, silver has a conductivity of 100, copper has a conductivity of 97, and gold has a conductivity of 76. The ability of a material to conduct electricity is shown by how easily electric current flows through it.

Historical silver rates in Chitradurga 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%)

Silver as an Investment in Chitradurga

As an investment that can be traded, silver has some clear benefits:

  • It costs less than gold. Silver can protect you from a crisis just as well as gold, but it only costs 1/17th as much.
  • It can be sold in smaller amounts. You may need to sell some of your investments to pay for something. You can get much more money for a much smaller amount of silver than an ounce of gold.
  • It's a good thing. During a bull market, silver prices rise much faster than gold.
  • It's more valuable than money. This is a good reason to have some silver in the real world. Silver and gold are the most valuable forms of money because they are hard to make more of. Silver is unique and hard to find.

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

Impact of GST on Silver Rate in Chitradurga

When you buy silver jewellery or artefacts, the final price you pay will often include not only the price of the jewellery but also the cost of making it, hallmarking fees (if needed), and goods and services tax (GST).

How do jewellers figure out how much silver jewellery costs? The formula is the rate per gramme times the number of silver times the purity of the silver.

Let's say you want to buy an anklet made of silver that weighs 36.040 grammes. The jeweller says the price of silver is Rs 65 per gramme or Rs 65,000 per kilogramme. When you multiply Rs 65 by Rs 36,040 by Rs 0.925, you get Rs 2,166.91. The number 0.925 means that the anklet is 92.5% pure silver.

The jeweller will add an extra amount to cover labour, materials, and GST, which is 3% now. You must also pay 5% GST on the making charges. 

Trend of Silver rates in Chitradurga

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

Things to Remember Before Buying Silver Jewellery in Chitradurga?

When buying silver jewelry in Chitradurga, 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 Chitradurga

Should I buy physical silver or an ETF?

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How much is Silver worth as an investment?

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How can I quickly tell how pure the silver is?

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How is the best way to buy silver in the real world?

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What is the best kind of silver?

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What is German silver, and is it the same as pure silver?

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