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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.
Here is a quick overview of silver rates in Trichy today:
Weight |
Silver Rate Today |
Silver Rate Yesterday |
Price Difference |
|---|---|---|---|
1 g |
₹111 |
₹111 |
0 |
10 g |
₹1,110 |
₹1,110 |
0 |
100 g |
₹11,100 |
₹11,100 |
0 |
1 kg |
₹1,11,000 |
₹1,11,000 |
0 |
*Disclaimer: The rates mentioned above are subject to change as per market conditions
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 |
|---|---|---|---|---|
May 09, 2025 |
₹ 111 |
₹ 1,110 |
₹ 11,100 |
₹ 1,11,000 |
May 08, 2025 |
₹ 111 |
₹ 1,110 |
₹ 11,100 |
₹ 1,11,000 |
May 07, 2025 |
₹ 111 |
₹ 1,110 |
₹ 11,100 |
₹ 1,11,000 |
*Disclaimer: The aforementioned rates are subject to change as per market conditions.
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
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.
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.
Yes, you will be required to pay 3% GST on the silver you buy in Trichy.
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