Silver Price in India (11th December 2023)
Silver price in India is determined by international prices, which move in either direction. Other then that it also depends on currency movement of the rupee against the dollar. If the rupee falls against the dollar and international prices remain stable, silver will become more expensive.
Gram
Silver Rate Today
Silver Rate Yesterday
Daily Price Change
1 Gram
₹75.80
₹76
₹-0.20
8 Gram
₹606.40
₹608
₹-1.60
10 Gram
₹758
₹760
₹-2
100 Gram
₹7,580
₹7,600
₹-20
1 Kg
₹75,800
₹76,000
₹-200
Silver Rate in India for Last 10 Days
Date
10 Gram
100 Gram
1 Kg
11 Dec, 2023
₹758.00
₹7,580.00
₹75,800.00
10 Dec, 2023
₹760.00
₹7,600.00
₹76,000.00
9 Dec, 2023
₹760.00
₹7,600.00
₹76,000.00
8 Dec, 2023
₹772.00
₹7,720.00
₹77,200.00
7 Dec, 2023
₹772.00
₹7,720.00
₹77,200.00
6 Dec, 2023
₹782.00
₹7,820.00
₹78,200.00
5 Dec, 2023
₹785.00
₹7,850.00
₹78,500.00
4 Dec, 2023
₹805.00
₹8,050.00
₹80,500.00
3 Dec, 2023
₹805.00
₹8,050.00
₹80,500.00
2 Dec, 2023
₹805.00
₹8,050.00
₹80,500.00
Factors That Can Influence Silver Prices
- US dollar stability will affect the price of silver.
- If the dollar is strong the silver market price will be low.
- If the dollar is weak; silver prices rise. Industrial demand for silver affects prices.
- The metal in smart phones, computers, and digital TVs is increasing.
- Silver is highly conductive and is used extensively in the electricity markets.
- Industrial demand for silver can drive up prices as well.
- Worldwide production numbers will affect prices.
- As a precious metal, the price depends on its availability on the market.
- Supply and demand are market indicators of the price of silver.
- If inflation is high people will generally hedge their investments in gold and silver.
- As demand increases, prices will rise along with demand.
- The price of silver tends to be correlated with the price.
Here are some interesting facts about silver
Silver is a fascinating metal with numerous unique properties and historical significance. Here are some interesting facts about silver:
Symbol and Atomic Number: Silver’s chemical symbol is Ag, derived from the Latin word “argentum.” It has the atomic number 47 on the periodic table.
High Electrical Conductivity: Silver is an exceptional conductor of electricity, even better than copper. This property makes it valuable in electronics, from batteries to solar panels and electrical circuits.
Antimicrobial Properties: Silver has been known for its antimicrobial properties for centuries. It can kill bacteria, viruses, and fungi, which has led to its use in medical applications such as wound dressings and coatings for medical devices.
Historical Value: Silver has been used as a form of currency for thousands of years and played a crucial role in the economies of many ancient civilizations. It was often used in coins and continues to be a popular investment in bullion and coins.
Reflectivity: Silver has the highest reflectivity of any metal, which makes it extremely useful in mirrors, telescopes, and various optical instruments.
Tarnishing: Silver tarnishes when exposed to air or certain chemicals, forming a dark layer called tarnish. However, this tarnish does not affect the metal’s properties and can be easily removed.
Abundance: While silver is relatively rare compared to other metals, it’s more abundant in the Earth’s crust than gold. It’s often found in conjunction with other metals like lead, zinc, and copper.
Photography: Silver compounds were extensively used in traditional photography. Silver halides, such as silver bromide and silver chloride, were used in photographic film and paper to capture and develop images.
Jewelry and Ornaments: Silver has been used to make jewelry and decorative items for centuries due to its lustrous appearance and malleability. It’s commonly alloyed with other metals like copper to increase its hardness.
Industrial Applications: Beyond its use in electronics, silver is utilized in various industrial applications, including in the production of mirrors, chemical catalysts, and even in the automotive industry.
Investment and Speculation: Silver has been a popular investment commodity alongside gold. Its price can be more volatile than gold due to its industrial demand and speculative trading.
Symbolism and Folklore: Silver has had symbolic importance in various cultures. It’s associated with purity, wealth, and often used in folklore and mythology across different civilizations.
These intriguing properties and historical significance have made silver a valuable metal in various industries, cultures, and applications throughout history and into the modern age.