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Before purchasing silver in Trichy (Tiruchirappalli), it is essential to update yourself with the latest rates in the city. The price of silver can fluctuate based on market conditions and changes in national and international policies. Keeping track of changes in silver rates can help you make informed purchase and investment decisions.

Silver Price in Trichy

Here is a quick overview of silver rates in Trichy 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 Trichy in the Last 10 Days

The following table provides a complete understanding of the changes in the price of silver in Trichy over the last few days:

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 Trichy

Here are some factors that may have a major impact on silver prices in the city:

  • BIS Categorisation: The Bureau of Indian Standards (BIS) categorises silver grades based on purity, which plays a role in determining the prices

  • Market Dynamics: Global and local factors contribute to market dynamics, affecting silver prices

  • Supply and Demand: Fluctuations in supply and demand affect silver prices

  • Inflation Impact: Inflation can impact silver prices, as it leads to fluctuation in the metal’s demand

  • U.S. Dollar Strength: Silver prices are influenced by the change in the U.S. Dollar’s exchange value

  • RBI Policies: Revisions and implementations of policies can affect silver’s prices

  • Political and Economic Trends: Geo-political issues and economic problems can impact silver’s demand and prices

  • Interest Rates: A decline in interest rates may drive demand and lead to an increase in the metal’s prices

  • Taxation Changes: Changes in taxation, including GST, affect silver prices in Trichy

FAQs

How is the silver price determined in Trichy?

The silver rate in Trichy is determined based on several factors like import duties, trade deficits, changes in RBI policies, etc. Geo-political issues, macroeconomic conditions, supply and demand of silver, as well as changes in taxes can have a significant impact on the price of silver.

How to invest in silver in Trichy?

Depending on your financial goals and expectations, you can invest in silver coins, bars, jewellery, and silverware. You can also opt for alternatives like silver ETFs and mutual funds.

Are any taxes applicable to silver purchased in Trichy?

Yes, you will be required to pay 3% GST on the silver you buy in Trichy.

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