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Silver Rate Today in Chennai

Current Silver Price in Chennai - Apr 2021 Trends

Last Updated 16th Apr 2021

Silver 999 - ₹ Per kg Silver Price
Today ₹ 71,900
Silver Rate Chennai Apr 2021
Highest Rate ₹ 72,100
Lowest Rate ₹ 67,200
Average Rate ₹ 70,532

Today Silver Price Chennai

₹ 71,900

Silver Price in Chennai

Silver has been considered a popular metal in Chennai, 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 Chennai 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 Chennai is ₹ 71,900 for 1 kg of silver.

Silver Price in Chennai Trend

999 Silver Price in Chennai 2021

Months Lowest Price 999 Silver - ₹ per Kg. Highest Price 999 Silver - ₹ per Kg.
April 2021 67,200 72,100
March 2021 67,300 73,300
February 2021 72,200 79,200
January 2021 69,000 75,100

999 Silver Price in Chennai 2020

Months Lowest Price 999 Silver - ₹ per Kg. Highest Price 999 Silver - ₹ per Kg.
December 2020 64,600 73,700
November 2020 63,300 71,000
October 2020 60,200 65,300
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 Chennai

Silver has been a popular investment option in Chennai 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 Chennai are on the rise, silver investors can earn huge from it. Thus, investment in silver metal is worth it.

Where to buy silver in Chennai ?

When buying silver in Chennai, it is highly recommended to approach certified and established jewellers who sell hallmark jewellery. Some of the old and reputed jewellers in Chennai for buying silver jewellery are NAC Jewellers, Vummidi Bangaru Jewellers, Lalitha Thanga Maaligai Jewellers, Nirmal Jewellers, Khushbu Jewellers, ORRA Jewellery and Fathima Jewellers. Other large Stores that sell certified and hallmark jewellery in Chennai are Caratlane, Kathir Kaman Jewellers and Kalyan Jewellers.

About Chennai

Chennai is the metropolitan city of Tamil Nadu. Chennai ranks high amongst all the cities in India with a staggering demand for silver. The silver is purchased by people in Chennai due to its cultural importance and for a fact that it is also a lucrative investment option. Silver is a predominant financial commodity in Chennai. Silver rates in Chennai is updated on a daily basis which is available online, financial websites, and from silver dealers. You can also check the latest updates on silver rates on MyLoanCare.

FAQs

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

The price of 1 kg silver in Chennai today is ₹ 71,900 . 

What is the cost of 10 gram silver in Chennai?

The current price of 10 gram silver in Chennai is ₹ 719 . 

Is Silver good investment in Chennai?

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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