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Silver rates in Vijayawada are pocket-friendly. Keeping track of its daily price fluctuations is crucial if you wish to invest in this white metal. This includes evaluating the changes in prices over the last few days, comparing prices based on the weightage, assessing factors affecting the silver price, and more.

Silver Price in Vijayawada

Here is a brief overview of today’s silver rate in Vijayawada.

Weight

Silver Rate Today

Silver Rate Yesterday

Price Difference

1 g

₹ 78.00

₹ 78.20

- ₹ 0.20

10 g

₹ 780

₹ 782

- ₹ 2

100 g

₹ 7,800

₹ 7,820

- ₹ 20

1 kg

₹ 78,000

₹ 78,200

- ₹ 200

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

Silver Rate in Vijayawada in the Last 10 Days

Check out the fluctuations in the silver price in Vijayawada over the last 10 days. 

Date

1 g

10 g

100 g

1 kg

Mar 6, 2024

₹ 78.00

₹ 780

₹ 7,800

₹ 78,000

Mar 5, 2024

₹ 78.20

₹ 782

₹ 7,820

₹ 78,200

Mar 4, 2024

₹ 77.00

₹ 770

₹ 7,700

₹ 77,000

Mar 3, 2024

₹ 77.00

₹ 770

₹ 7,700

₹ 77,000

Mar 2, 2024

₹ 77.00

₹ 770

₹ 7,700

₹ 77,000

Mar 1, 2024

₹ 76.20

₹ 762

₹ 7,620

₹ 76,200

Feb 29, 2024

₹ 75.70

₹ 757

₹ 7,570

₹ 75,700

Feb 28, 2024

₹ 75.40

₹ 754

₹ 7,540

₹ 75,400

Feb 27, 2024

₹ 75.50

₹ 755

₹ 7,550

₹ 75,500

Feb 26, 2024

₹ 76.40

₹ 764

₹ 7,640

₹ 76,400

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

Factors that Affect Silver Rates in Vijayawada

Here are the factors that influence the silver cost in Vijayawada and other cities of India. 

  • The rate of silver depends on the weightage and purity of metals, as decided by the Bureau of Indian Standards (BIS) 

  • With the difference in demand and supply, the price fluctuates periodically

  • With rising inflation, investors lean towards more secure options; thus, the price of silver increases with the inflation rate

  • Silver is a key component in many electronic devices, so it also depends on technological advancement

  • The silver rate in Vijayawada is also affected by the geopolitical climate

  • The rate also depends on the price of gold

  • The position of the US Dollar in international markets affects the silver rate

  • The cost of mining and miner strikes are non-market-related factors

  • The RBI policies, government policy, and taxation laws also decide the silver rate

FAQs on the Silver Rate in Vijayawada

How much does 10 g of silver cost in India?

The rate of 10 g of silver is different in every city in India. So, the 10 g silver price in Vijayawada will differ from Mumbai, Delhi, Patna, Dehradun, etc. They vary based on numerous factors, such as geopolitical climate, gold rates, inflation, etc.

How is the purity of silver assessed in Vijayawada?

You can check for the 925-hallmark stamp and test the purity of silver. Another option is to try the magnet test. If the silver is pure, it will not be attracted to a magnet.

Is it profitable to buy silver?

Silver is a secure and relatively stable investment option compared to other asset classes. So, investing in this metal can be profitable in the long and short term.

What are the different ways of investing in silver?

Apart from purchasing the physical form of silver, you can invest in coins and bullion. You can also trade in Silver Exchange-Traded Funds (ETFs) and e-silver through National Spot Exchange Limited (NSEL).

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