Stay informed with the latest silver prices in Kolkata for smarter investments
Investing in gold or silver has always been the norm in India. This traditional practice helps mitigate the risk and serves as a potential investment opportunity for Indians. However, did you know that silver rates move in tandem with gold rates?
This is true, and when the price of the precious yellow metal appreciates, the rate of the white metal also increases. It is no big surprise that the silver price today in Kolkata and the rest of India will be different in the following days to come.
Read on to learn about today’s silver rate in Kolkata, along with the rates of the last 10 days. Also, understand the various underlying factors affecting silver prices throughout India.
Given below is an overview of today’s silver price in Kolkata for various quantities.
Quantity of Silver (in grams) |
Silver Price in Kolkata |
01 |
₹ 101.00 |
10 |
₹ 1,010.00 |
100 |
₹ 10,100.00 |
1000 (1 kg) |
₹ 1,01,000.00 |
Disclaimer: The above silver price in Kolkata is as of Oct 21, 2024, and is subject to change.
Like gold, even silver rates keep fluctuating due to various reasons. For instance, while the 1kg silver price in Kolkata is currently ₹1,01,000 it was ₹99,500 yesterday.
Here is a tabulated comparison of the silver price today in Kolkata, along with those of the last 10 days.
Date |
1 Gram Silver Price |
10 Grams Silver Price |
100 Grams Silver Price |
1 KG Silver Price |
Oct 21, 2024 |
₹ 101.00 |
₹ 1,010.00 |
₹ 10,100.00 |
₹ 1,01,000.00 |
Oct 20, 2024 |
₹ 99.50 |
₹ 995.00 |
₹ 9,950.00 |
₹ 99,500.00 |
Oct 19, 2024 |
₹ 99.50 |
₹ 995.00 |
₹ 9,950.00 |
₹ 99,500.00 |
Oct 18, 2024 |
₹ 99.00 |
₹ 990.00 |
₹ 9,900.00 |
₹ 99,000.00 |
Oct 17, 2024 |
₹ 97.00 |
₹ 970.00 |
₹ 9,700.00 |
₹ 97,000.00 |
Oct 16, 2024 |
₹ 97.00 |
₹ 970.00 |
₹ 9,700.00 |
₹ 97,000.00 |
Oct 15, 2024 |
₹ 97.00 |
₹ 970.00 |
₹ 9,700.00 |
₹ 97,000.00 |
Oct 14, 2024 |
₹ 97.00 |
₹ 970.00 |
₹ 9,700.00 |
₹ 97,000.00 |
Oct 13, 2024 |
₹ 97.00 |
₹ 97.00 |
₹ 9,700.00 |
₹ 97,000.00 |
Oct 12, 2024 |
₹ 97.00 |
₹ 970.00 |
₹ 9,700.00 |
₹ 97,000.00 |
Disclaimer: The rate of silver today in Kolkata and that of the last 10 days are as of Oct 21, 2024.
From the table, it is evident that today’s silver rate in Kolkata is different from May 1. Hence, you must assess the market rates properly before investing in precious metals so that you can make the most of them.
However, there are various factors, such as economic sensitivities and other technical characteristics, to consider when purchasing silver. Read on to understand what they are and how they impact the silver rate in Kolkata today and in the following days.
Yes, investing in silver is an ideal option as it helps diversify your portfolio. With the silver price in Kolkata witnessing a steady increase in recent years, you have a better potential of earning high returns.
Yes, irrespective of the fact from where you purchase silver, it is mandatory to pay GST. The applicable GST for buying silver in Kolkata is 3%.
You can invest in silver jewellery, silver bars, silver coins and silverware. Apart from these, you can buy silver in bulk quantities through a commodity futures exchange.
Yes, these factors can increase or decrease the rates of precious metals such as gold and silver. For instance, the COVID pandemic has largely affected the rate of silver in Kolkata and the rest of India.
You can easily test the silver purity using a magnet. If the silver does not get attracted to the magnet, your silver is pure. While it is important to check the current silver price in Kolkata and other states before purchasing silver, checking its purity is also equally important.