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Silver Rate Today in Bangalore

Current Silver Price in Bangalore - May 2021 Trends

Last Updated 10th May 2021

Silver 999 - ₹ Per kg Silver Price
Today ₹ 71,500
Silver Rate Bangalore May 2021
Highest Rate ₹ 74,000
Lowest Rate ₹ 67,500
Average Rate ₹ 70,260

Today Silver Price Bangalore

₹ 71,500

Silver Price in Bangalore

Silver has been considered a popular metal in Bangalore, one because it is precious and secondly because it is investment friendly. However, before investing in the metals, it is important to be updated with the Silver price on a regular basis. The silver price in Bangalore is dependent on various factors such as the overseas relations and the demand and supply of it in the market. As per the current scenarios, the silver price today in Bangalore is ₹ 71,500 for 1 kg of silver.

Silver Price in Bangalore Trend

999 Silver Price in Bangalore 2021

Months Lowest Price 999 Silver - ₹ per Kg. Highest Price 999 Silver - ₹ per Kg.
May 2021 67,500 74,000
April 2021 63,400 73,300
March 2021 65,400 73,200
February 2021 67,900 72,200
January 2021 64,500 72,000

999 Silver Price in Bangalore 2020

Months Lowest Price 999 Silver - ₹ per Kg. Highest Price 999 Silver - ₹ per Kg.
December 2020 58,600 69,300
November 2020 58,600 66,900
October 2020 60,200 63,800
September 2020 57,000 69,500
August 2020 65,000 76,510
July 2020 48,510 66,050
June 2020 47,100 50,160
May 2020 41,000 50,110
April 2020 39,940 42,700
March 2020 39,480 51,080
February 2020 48,000 51,500
January 2020 48,900 51,000

Silver as an Investment in Bangalore

Silver has been a popular investment option in Bangalore from ages. It is a hard asset and real form of money that cannot be created out of paper or any digital form. Further, investment in silver is affordable and cheap that can provide good returns to silver investors. An investor can invest in silver through both small and huge investments. While small investments can be made through coins, large investments in silver can be made through silver bars. When the silver rates in Bangalore are on the rise, silver investors can earn huge from it. Thus, investment in silver metal is worth it.

Where to buy silver in Bangalore ?

When buying silver in Bangalore, it is highly recommended to approach certified and established jewellers who sell hallmark jewellery. Some of the old and reputed jewellers in Bangalore for buying silver jewellery are Davanam Jewellers, Lalitha Jewellers, G Ratna Jewellers, Swarna Sankalp Jewels, Prakash Jewellers and Aabhushan jewellers. Other large Stores that sell certified and hallmark jewellery in Bangalore are Reliance Gems and Jewels, Goldfinch Jewellery Limited, Panchratna Jewellers, and Sona Mahar Jewellers.

About Bangalore

Silver is a very popular asset and commodity in Bangalore. India is actually the biggest consumer of silver in the world. The purchase of silver in the city Bangalore is primarily for making jewellery and ornaments. Silver being a popular commodity, it acts as means of investment for consumers in the city Bangalore. In addition to this , there are a number of silver dealers in Bangalore who form the backbone of the local jewellery industry.

FAQs

What is the price of 1 kg silver in Bangalore today?

The price of 1 kg silver in Bangalore today is ₹ 71,500 . 

What is the cost of 10 gram silver in Bangalore?

The current price of 10 gram silver in Bangalore is ₹ 715 . 

Is Silver good investment in Bangalore?

Silver is not only a good form of investment but offers many other uses such as making of jewellery and silverware, mirrors, electrical wiring and batteries, dental alloys and anti-bacterial medicines etc. Along with that, it has cheaper rates than gold.

Should I buy silver bars or coins?

Silver coins can be chosen for a small investment as it can be bought and stored easily. On the other hand, if you are planning to buy bulk stocks, silver bars must be a preferred option to get good returns.

What is the best way to invest in silver?

Silver can be invested in multiple forms such as silver bars, coins, ornaments, statues, on various commodities exchanges. However, silver commodities in digital format are considered as the preferred form of investment.

Can I buy silver from a bank?

Yes, it is easy to buy physical forms of silver like silver coins, silver bars etc. from a bank.


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