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Erode, renowned for its cultural heritage and bustling markets, caters to diverse silver needs, offering options for investment, ornamental use, and religious purposes. Local jewellers and banks offer various silver items, from coins and bars to intricate jewellery. Staying updated with the latest rates of silver in Erode helps you make well-timed purchases and enjoy its maximum benefits.
Here is the price of silver in Erode today:
| Weight | Silver Rate Today | Silver Rate Yesterday | Price Difference |
|---|---|---|---|
1 g |
₹111 |
₹111 |
0 |
10 g |
₹1,110 |
₹1,110 |
0 |
100 g |
₹11,100 |
₹11,100 |
0 |
1 kg |
₹1,11,000 |
₹1,11,000 |
0 |
*Disclaimer: The rates mentioned above are subject to change as per market conditions
Here is a quick overview of the changes in the city’s silver rates over the last few days:
| Date | 1 g | 10 g | 100 g | 1 kg |
|---|---|---|---|---|
May 09, 2025 |
₹ 111 |
₹ 1,110 |
₹ 11,100 |
₹ 1,11,000 |
May 08, 2025 |
₹ 111 |
₹ 1,110 |
₹ 11,100 |
₹ 1,11,000 |
May 07, 2025 |
₹ 111 |
₹ 1,110 |
₹ 11,100 |
₹ 1,11,000 |
*Disclaimer: The aforementioned rates are subject to change as per market conditions.
Some factors that may majorly influence the silver rates in Erode are as follows:
Purity: The Bureau of Indian Standards (BIS) categorises silver based on purity, impacting its price
Market Fluctuations: Global and local factors, like supply and demand, influence silver prices in Erode
Economic Influences: Inflation can increase demand for silver resulting in a rise in its rates. Meanwhile, the strengthening of the dollar can lead to a reduction in prices.
Government Regulations: Revisions in the RBI policies on silver and other monetary policies can affect silver rates in the city
Global Events: Political and economic stability, both domestically and internationally, can impact silver demand and prices.
Investment Environment: Lower interest rates can make silver a more attractive investment, driving up its prices
Taxation: Changes in GST and other taxation policies can influence the final price of silver in Erode
Yes, whenever you purchase silver in Erode or any other city in India, you have to pay GST and making charges. Check these charges prior to making a purchase or investment.
You can invest in silver ETFs, or purchase silver in the form of coins, bars and ingots. Another option is to purchase silver jewellery or antiques.
You have to pay a mandatory GST of 3% whenever you buy silver in Erode.
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