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Silver and gold are a few of the precious metals present in almost every household in India. These have cultural value too, which is why many invest in them. Looking at the historic trend of the silver rates in Hyderabad and other cities, you can ascertain that it is an appreciating asset. 


Before investing, however, you should check today’s silver rate in Hyderabad or for the city you reside in. Along with the current cost, you should also check the trend of the silver price and know the factors that affect these prices.


Having this information enables you to make informed investment decisions that keep your current and future finances protected. To know how much silver costs today in Hyderabad and what affects this rate, read on.

Silver Price Per Gram in Hyderabad

Given below is an overview of today’s silver rate in Hyderabad for different quantities.

Quantity of silver (in grams)

Silver Price in Hyderabad







1000 (1 kg)


Disclaimer: The above silver price in Hyderabad is as of June 22, 2024 and is subject to change.

Silver Rate in Hyderabad for Last 10 Days

Given below is an overview of the silver price in Hyderabad for the last ten days.


1 Gram 

10 Gram 

100 Gram 

1000 Grams (1kg)

June 22, 2024





June 21, 2024





June 20, 2024





June 19, 2024





June 18, 2024





June 17, 2024





June 16, 2024





June 15, 2024





June 14, 2024





June 13, 2024





Disclaimer: The above prices are as of June 22, 2024.

Factors Impacting Silver Rates in Hyderabad

  • Supply and Demand

Supply and demand are the basic economic factors that affect the price of everything. If the commodity is in demand and supply is not adequate, the price will go up. Conversely, if there is supply but no demand, the price will go down.

In the case of silver, the supply is finite and therefore whenever the demand increases, it creates an imbalance, resulting in a price hike. The demand for silver is increasing due to many reasons, with the common one being that it is a long-term appreciating asset. 

  • Global Trends

Global trends are among the major influential factors affecting the silver cost in Hyderabad and other parts of the world. When there is uncertainty in the economy, people tend to rely on investments that generate wealth in the long run. 


This largely includes precious metals like gold and silver. Whether it is the threat of a war, a pandemic, or political issues, precious metals are heavily traded during these times. This leads to a fluctuation in the demand and supply, resulting in a change in the price.

  • International Currency

Today’s silver rate in Hyderabad and other cities in India is closely linked with the movements of international currency, predominantly with the USD. This is because the US Dollar is the base currency for the white metal and other precious metals.


Therefore, when the dollar fluctuates, the price of silver does too. For example, if the dollar goes down, it would be cheaper to buy silver. As such, the demand would increase, resulting in a rise in the cost of silver.

  • Inflation

In inflation, money loses its purchasing power. This means what you could buy for ₹1 would cost more during inflation. However, the same cannot be said for precious metals like silver. 


This means that what you could buy 1 gram of silver can still be bought with the same quantity. 


The reason here is that precious metals like silver are currency denominated commodities.


As such, any fluctuation in the value of money, will result in the fluctuation of the price of silver. The property of silver makes it a popular hedge against inflation. Therefore, you often see an upward trend in the silver price in Hyderabad and other cities.

  • Government Policies

Monetary policies are a crucial factor affecting silver prices today in Hyderabad and other cities. The taxes and tariffs government levy impacts the spot price of silver. If there are heavy taxes, the cost of silver goes up.


In addition to this, the government’s policy and guidelines with respect to the national reserve also affect the price of silver. As such, if the government adds or removes from the reserve, the silver prices will fluctuate.

  • Price of Gold

Silver and gold are both precious metals and favoured for their long-term appreciation. Given that both metals have similar properties, the price of silver often follows the trend of gold prices.


This means that when the demand and price of gold increases, the same happens for the metal. As such, you may often notice that the change in silver rate in Hyderabad often follows the change in the price of gold in Hyderabad.

  • Crude Oil Price

Silver is a mined commodity and the mining process requires a large quantity of oil. As such, changes in the price of crude oil results in a change in silver price in Hyderabad and other cities. 


When the price of oil goes up, mining silver becomes expensive. Therefore, the cost of silver goes up. On the contrary, when the oil price goes down, the price of silver goes down too.

  • Interest Rates 

Interest rates determine the returns you will earn from interest-linked investments. As such, any change in the interest rate affects the returns you get. If the interest rate goes up, the returns go up and vice-versa.


However, silver is an appreciating asset. Therefore, when the interest rates go down, people see silver as a better investment opportunity and vice-versa. This results in an inverse impact on the price of silver, meaning when interest rates go down silver price goes up.


Now that you know today’s silver rate in Hyderabad for 10 grams and other quantities, keep your finances in mind while investing. While monitoring your investment, keep in mind the factors that affect the price. This enables you to invest more or exit the market at the right time. 


In addition to this, remember to keep your investment portfolio diversified. Invest in equity, debt, fixed deposits, and other forms of investments to mitigate your risk and secure your wealth

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FAQs on Silver Rate in Hyderabad

Why is silver expensive in Hyderabad?

Local taxes are one reason why the silver rate in Hyderabad today is different and more than some cities of India. In addition to this, other factors like demand and supply, inflation, and import duty also result in a change in the price of silver.

What is the highest purity of silver in Hyderabad?

The highest purity of silver is 99.9%. Keep in mind that the silver rate in Hyderabad also depends on the purity of silver you purchase. Since 99.9% is the highest, the price will also be the highest. As the purity goes down, the cost will also go down.

What international factors affect the silver rate in Hyderabad?

International factors that affect the price of silver include the value of international currency like USD, the price of oil, and international bullion market.

When is the best time to buy silver Hyderabad?

The best time is when there is a surplus in supply and the rates go down. At such junctures, you can get more for your money, and enjoy greater returns when the demand inevitably increases.

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