Silver rate in Kalaburagi
silver rate in kalaburagi

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

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

Kalaburagi, famously known as Gulbarga, is a city in Karnataka. The city's people are famous for their gold and silver consumption for industrial and domestic needs. People of Kalaburagi love to invest in silver as it offers steady returns and symbolises status and wealth. Silver is among the most purchased metal in Kalaburagi. 

According to experts, the prospects of silver are promising, and now is a good time to consider silver exchange-traded funds. Further analysts also believe that the demand for silver is increasing across the country and is slated to witness steady growth.

Silver rates as per grams in Kalaburagi

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 Kalaburagi Silver Rates Vs. Other Cities

Silver is a popular investment option because it is deemed a safe asset and is widely used in multiple sectors. Here are some fascinating facts about silver: -

  1. Silver has been closely tied to healthcare for several decades. Extensive study has yielded significant advances in understanding the mode of action of silver nitrate, paving the way for developing silver sulfadiazine, also known as SSD.
  2. Silver is used to cure burns and wounds.
  3. Silver is utilized to decrease or prevent infection.
  4. Silver's distinctive characteristics are increasingly being used to diagnose diseases such as tuberculosis.
  5. Silver is also used in various key chemical processes as it is an excellent catalyst.

Historical silver rates in Kalaburagi 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%)

How To Buy Silver In Kalaburagi?

Before purchasing silver, you must know that it is critical to monitor the price movement of silver. Before making your silver purchase, keep the following things in mind:

1. Look At The Silver Rates.

The silver market is not stable. The rates of this multi-purpose metal fluctuate from time to time. You should keep track of the silver price movements before buying silver. Monitoring the price movement will help you to make an informed decision before buying silver. 

2. Identify The Type Of Silver You Want To Buy.

Silver, like gold, is available in various forms, including bars, coins, jewellery, silver ETF, Silver Mutual Funds, etc. Each kind has its own set of benefits and drawbacks. If you intend to sell the silver later, jewellery is not the best solution. Instead, you should invest in ETFs, coins, or bars. After weighing all the pros and cons, you must make the right investment choice.  

3. Ensure Certification

The Bureau of Indian Standards (BIS) implemented silver hallmarking in 2005. There are numerous categories of silver purity, with .999 being the finest. The silver and silver alloys are stamped with standard marks by BIS-accredited Assaying and Hallmarking Centres. The silver will bear five marks, including:

i) Bureau of Indian Standards Mark.

ii) The purity or fineness of silver.

iii) The assay centre's identification mark.

iv) Year of marking. 

v) The identification mark of the manufacturer or jewellery.

4. Purchase Silver 

You can buy silver from jewellery stores. Moreover, you can buy it from various online silver vendors. While buying silver online may be easy, you must be careful to buy exclusively from trusted certified dealers. There is a high risk of silver adulteration and deception here.

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

Investment Options for Silver in Kalaburagi

Silver is a precious metal that is often bought and sold on commodity markets and can be considered as an alternative investment option inKalaburagi. The price of silver can fluctuate based on a variety of factors, such as supply and demand, interest rates, and global economic conditions. In Kalaburagi, the price of silver is often quoted in Indian Rupees (INR) per kilogram.

Investors in Kalaburagi may choose to invest in silver through a variety of means such as buying physical silver, buying silver ETFs or investing in silver mining stocks.

  • Physical Silver: Investors can buy physical silver in the form of bars, coins, or jewelry and hold it as a store of value. One advantage of buying physical silver is that investors can hold it directly in their possession, giving them control over their investment. However, physical silver also involves certain costs like, storage and insurance, and also it's not easy to liquidate it quickly.

  • Silver ETFs: An ETF is an investment fund that is traded on stock exchanges, like shares. ETFs that track silver allow investors to invest in silver without actually owning the physical metal. These ETFs can be bought and sold just like stocks and are considered to be more liquid and easier to trade than physical silver.

  • Silver Mining Stocks: Investing in silver mining stocks is another way to gain exposure to the silver market. When an investor buys shares of a silver mining company, they are buying a stake in the company's assets and profits. However, this type of investment carries more risk than investing in physical silver or ETFs as the performance of the company, management and also the mining conditions can affect the stock's performance.

When it comes to investing in silver, it is important to be aware that the price of silver can be volatile and may fluctuate based on various factors such as economic conditions, supply, and demand. Before making any investment decisions, it is always wise to consult with a financial advisor and also do research to gain a better understanding of the market conditions and the potential risks and returns associated with investing in silver.

Trend of Silver rates in Kalaburagi

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 Kalaburagi?

When buying silver jewelry in Kalaburagi, 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 Kalaburagi

How to invest in silver with minimal hassle?

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How do I calculate Rhodium Plating when buying silver?

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What factors can impact the resale value of silver jewellery?

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Why is the price of silver so low?

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