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Silver Rate Today in Korba
silver rate in Korba

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

Last updated on: 8th Mar 2023

Known as the power capital of Chhattisgarh, Korba is surrounded by a stretch of green forest cover, where tribal communities are known to live. As a flourishing industrial town, it is also known for its four Thermal Power Plants such as NTPC, BALCO, KTPS and more. Given its industrial nature, silver is in demand for many purposes in Korba.

Silver is used for jewellery and other purposes, such as producing art items or constructing buildings and other structures. Continue reading to learn more about the use of silver in Korba and how its prices are affected.

Silver Rate Comparison

Determine the type of silver you wish to purchase

Similar to gold, silver is available in bars, coins, and jewellery. Each kind has its distinct benefits and drawbacks. If you want to sell silver at a future date, there may be better investment options than silver jewellery. Instead, you may choose to invest in silver coins or bars. Determine your investment type, so you have a comprehensive understanding of the advantages and downsides.

BIS certification

In 2005, the Bureau of Indian Standards (BIS) initiated silver hallmarking in Korba. There are many levels of silver purity, with 9999 being the highest. By BIS-approved Assaying and Hallmarking Centres, silver and silver alloys are stamped with standard markings. The silver will bear five inscriptions, including:

  • BIS mark
  • Purity/fineness
  • The identification mark of the assaying centre
  • Marking year manufacturer's or jeweller's identifying mark

Silver rates as per grams in Korba

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%)

Paper Silver vs Physical Silver

Paper Silver: This form of investment in silver is made through the commodity market and is not backed by actual metal, existing only on paper. It carries a risk of credit and counterparty risk. Examples include silver certificates, exchange-traded funds, and silver futures accounts.

Physical Silver: This form of investment is tangible and has intrinsic value, usually found in the form of bars and coins. It is subject to tarnishing and requires storage. Unlike paper silver, physical silver does not carry counterparty and credit risk. To evaluate the purity of physical silver, weight tests, magnet tests, hallmark identification, etc., can be used.

Historical Silver Rate in Korba 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%)

Silver as an Investment in Korba

Silver can be a great investment choice due to its ability to act as a hedge against inflation and stock market fluctuations. Additionally, the demand for silver in various industries also affects its price. Furthermore, silver is generally more affordable than gold. There are several ways to invest in silver, including:

  • Silver Coins
  • Silver Bars
  • Silver Jewellery
  • Silver Exchange-Traded Funds (ETFs)
  • Silver Futures Contracts
  • Investing in Silver Mining Companies

It is always a good idea to do your research and consult with a financial advisor before making any investment decisions.

Silver is better for investors with a long-term view because it is a commodity whose price goes up over time. People in Korba can choose how to invest in silver depending on their investment objectives.

How to Buy Silver in Korba?

Gold and silver coins are very popular gifts in Korba. However, there are a few things to think about before buying silver in this city. Here are some things you should keep in mind before you buy silver:

Track silver prices

Even though silver prices are reasonably steady, they must still be monitored for investment purposes. It is essential to monitor market trends and keep up with Korba's most recent price fluctuations. This will assist you in making an optimal and well-informed decision on whether to purchase or sell the silver in Korba.

You may utilise some authentic websites to view live silver rates in Korba. After that, make informed decisions on your silver investments according to the most recent facts.

FAQs of Silver Rate in Korba

What is the easiest way to invest in silver?

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Investing in silver can be done through physical bars and utensils and through derivatives such as futures and exchange-traded funds (ETFs). In November 2021, the Securities and Exchange Board of India (SEBI) made history by allowing mutual fund houses to launch Silver ETFs in India for the first time

Why it's a good idea to buy silver coins from a bank?

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What is the best time to buy silver?

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Is Tibetan silver the same as pure 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.