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Before you buy silver in Faridabad, it is important to know about the latest rates in the city. This is because the price of this precious metal keeps fluctuating due to various economic changes and other factors. To ensure that you reap the maximum benefit from your silver investments and purchases, it is important to stay abreast with the current rates in Faridabad.

Silver Price in Faridabad

The following table shows the price of silver in Faridabad today:

Weight

Silver Rate Today 

Silver Rate Yesterday

Price Difference

1 g

₹78.20

₹77

₹1.20

10 g

₹782

₹770

₹12

100 g

₹7,820

₹7,700

₹120

1 kg

₹78,200

₹77,000

₹1,200

*Disclaimer: The rates mentioned above are subject to change as per market conditions

Silver Rate in Faridabad in the Last 10 Days

Know more about the changes in the price of silver in Faridabad 

Date

1 g

10 g

100 g

1 kg

Mar 05, 2024

₹ 78.20

₹ 782.00

₹ 7,820.00

₹ 78,200.00

Mar 04, 2024

₹ 77.00

₹ 770.00

₹ 7,700.00

₹ 77,000.00

Mar 03, 2024

₹ 77.00

₹ 770.00

₹ 7,700.00

₹ 77,000.00

Mar 02, 2024

₹ 77.00

₹ 770.00

₹ 7,700.00

₹ 77,000.00

Mar 01, 2024

₹ 79.80

₹ 798.00

₹ 7,980.00

₹ 79,800.00

Feb 29, 2024

₹ 75.70

₹ 757.00

₹ 7,570.00

₹ 75,700.00

Feb 28, 2024

₹ 75.40

₹ 754.00

₹ 7,540.00

₹ 75,400.00

Feb 27, 2024

₹ 75.50

₹ 755.00

₹ 7,550.00

₹ 75,500.00

Feb 26, 2024

₹ 76.40

₹ 764.00

₹ 7,640.00

₹ 76,400.00

Feb 25, 2024

₹ 76.40

₹ 764.00

₹ 7,640.00

₹ 76,400.00

*Disclaimer: The aforementioned rates are subject to change as per market conditions.

Factors that Affect Silver Rates in Faridabad

Here are some key factors that have an impact on the silver rates in the city:

  • The Bureau of Indian Standards (BIS) sets the bar for silver purity, directly impacting its price. Higher purity translates to a higher price tag

  • Global and local factors like supply, demand, and economic conditions orchestrate a complex dance, influencing silver prices in Faridabad

  • When inflation rears its head, silver often becomes a preferred investment, potentially driving prices upwards

  • An increase in the value of the U.S. dollar can lead to a rise in silver’s import charges, impacting local prices 

  • The Reserve Bank of India's policies on silver and broader monetary decisions can influence silver rates in the city

  • Political and economic stability around the world can indirectly affect silver demand and prices in Faridabad

  • Lower interest rates elsewhere can make silver a more attractive investment option, potentially increasing demand and prices

  • Changes in taxes like GST can directly impact the final price you pay for silver

FAQs

Are import costs included in the final price of silver in Faridabad?

Yes. Import costs are included in the final silver price in Faridabad and other cities in India.

Is a GST levied on buying silver in Faridabad?

You are required to pay 3% GST on your silver purchases in Faridabad.

Is it mandatory for the silver ornament I purchase in Faridabad to have a hallmark?

According to the Bureau of Indian Standards (BIS), silver jewellery can be sold without a hallmark, unlike gold jewellery.  However, it is suggested that you purchase silver with a hallmark to be sure of the metal’s purity.

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