Gold Rate in Nagpur (11th December 2023)

The gold rate in Nagpur, akin to the broader Indian market, exhibits consistent fluctuations, reflecting the dynamic nature of the precious metal market. At Financial Express, our unwavering commitment is to provide you with real-time updates on gold prices, ensuring that you are consistently well-informed about the latest trends. Based on the most recent data available, the gold rate in Nagpur as of Dec 11, 2023 for 22-karat gold priced at ₹5,695, and 24-carat gold valued at ₹6,213. Our primary objective is to equip you with accurate and timely information, empowering you to make informed decisions regarding your gold investments. Place your trust in Financial Express for the most current and dependable gold price in Nagpur.

Stay informed about silver prices in Nagpur with real-time updates available right here on our platform. We offer accurate pricing data, historical trends, and expert analysis to empower your investment decisions. Follow silver rates in Nagpur here to seize opportunities in the precious metals market.

Today 22 Carat Gold Price Per Gram in Nagpur (INR)

Gram

22K Today

22K Yesterday

Price Change

1 Gram

₹5,695

₹5,715

₹-20

8 Gram

₹45,560

₹45,720

₹-160

10 Gram

₹56,950

₹57,150

₹-200

100 Gram

₹5,69,500

₹5,71,500

₹-2,000

Today 24 Carat Gold Rate Per Gram in Nagpur (INR)

Gram

24K Today

24K Yesterday

Price Change

1 Gram

₹6,213

₹6,235

₹-22

8 Gram

₹49,704

₹49,880

₹-176

10 Gram

₹62,130

₹62,350

₹-220

100 Gram

₹6,21,300

₹6,23,500

₹-2,200

Today 18 Carat Gold Rate Per Gram in Nagpur (INR)

Gram

18K Today

18K Yesterday

Price Change

1 Gram

₹4,460

₹4,676

₹-16

8 Gram

₹37,280

₹37,408

₹-128

10 Gram

₹46,600

₹46,760

₹-160

100 Gram

₹4,66,000

₹4,67,600

₹-1,600

FAQ’s on Gold Rate in Nagpur

  1. What factors determine the price of gold in Nagpur?

    Gold prices in Nagpur depend on the rates of the yellow metal in the international markets, inflation, economic stability, import costs, and the value of the rupee against the dollar.

  2. When would be the best time to purchase gold?

    Gold can be purchased at any given time as per your needs. However, it is important that you check the purity of gold before buying it.

  3. How does 24 karat gold differ from 22 karat gold?

    No additional metals are added to 24 karat gold, while additional metals apart from gold are added to 22 karat gold. The percentage of pure metal in the case of 22 karat gold is around 92.

  4. Will the prices of gold differ from city to city?

    Yes, the prices of gold will be different in every city. The main reasons for the prices to vary in every city are transportation costs, the amount of gold that has been bought, and local taxes.

  5. Do the interest rates on fixed deposits affect gold prices?

    Yes, gold prices are affected by the interest rates on fixed deposits

Q: What is the chemical symbol for gold?

A: The chemical symbol for gold is Au, which comes from the Latin word “aurum.”

Q: What is the significance of gold in ancient civilizations?

A: Gold held immense significance in ancient civilizations due to its rarity, durability, and lustrous appearance. It was associated with wealth, power, and divine attributes. Many cultures used gold in religious ceremonies, jewelry, and as a symbol of status and prestige.

Q: How is gold typically mined and extracted?

A: Gold is commonly mined through various methods, including open-pit mining, underground mining, and placer mining. Once mined, gold ore undergoes extraction processes such as crushing, grinding, and chemical treatment (cyanidation) to separate the gold from the ore.

Q: What are the unique properties of gold that make it valuable?

A: Gold possesses unique properties like high malleability, ductility, conductivity, and resistance to corrosion, making it highly valuable in various industries, especially in electronics, jewelry, and as a financial asset.

Q: What is the primary use of gold in today’s world?

A: While gold has several applications, its primary uses include jewelry making, investment in the form of bullion and coins, and industrial purposes like electronics and dentistry due to its conductivity and non-reactive nature.

Q: How does the price of gold fluctuate in the market?

A: The price of gold is influenced by various factors such as supply and demand dynamics, geopolitical events, inflation rates, currency fluctuations, and investor sentiment. It is traded on global commodity exchanges and its price is subject to market speculation and economic conditions.

Q: What is the term used to describe the purity of gold?

A: The purity of gold is measured in karats (or carats), with 24 karats being considered pure gold. Lower karat values indicate a lesser percentage of gold alloyed with other metals. For example, 18 karat gold is 75% pure gold mixed with other metals for durability.

Q: How does gold act as a hedge against inflation?

A: Gold is often considered a hedge against inflation because its value tends to rise during times of inflation or economic uncertainty. As the purchasing power of fiat currencies decreases, investors turn to gold as a store of value, preserving wealth in the face of currency devaluation.

Q: What is the largest consumer of gold worldwide?

A: The largest consumer of gold globally is the jewelry industry, accounting for a significant portion of the total annual gold demand. Countries like India and China have historically been major consumers of gold for jewelry-making purposes.

Table of Contents

Silver Price in India (9th 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.

Today Silver Price Per Gram/Kg in India (INR)​

Gram

Silver Rate Today

Silver Rate Yesterday

Daily Price Change

1 Gram

₹76

₹77.20

₹-1.20

8 Gram

₹608

₹617.60

₹-9.60

10 Gram

₹760

₹772

₹-12

100 Gram

₹7,600

₹7,720

₹-120

1 Kg

₹76,000

₹77,200

₹-1,200

Silver Rate in India for Last 10 Days

Date

10 Gram

100 Gram

1 Kg

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

1 Dec, 2023

₹795.00

₹7,950.00

₹79,500.00

30 Nov, 2023

₹792.00

₹7,920.00

₹79,200.00

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 o

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:
  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. Reflectivity: Silver has the highest reflectivity of any metal, which makes it extremely useful in mirrors, telescopes, and various optical instruments.

  6. 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.

  7. 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.

  8. 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.

  9. 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.

  10. 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.

  11. 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.

  12. 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.

Gold Rate in Nagpur (9th December 2023)

The gold rate in Nagpur, akin to the broader Indian market, exhibits consistent fluctuations, reflecting the dynamic nature of the precious metal market. At Financial Express, our unwavering commitment is to provide you with real-time updates on gold prices, ensuring that you are consistently well-informed about the latest trends. Based on the most recent data available, the gold rate in Nagpur as of Dec 9, 2023 for 22-karat gold priced at ₹5,715, and 24-carat gold valued at ₹6,235. Our primary objective is to equip you with accurate and timely information, empowering you to make informed decisions regarding your gold investments. Place your trust in Financial Express for the most current and dependable gold price in Nagpur.

Stay informed about silver prices in Nagpur with real-time updates available right here on our platform. We offer accurate pricing data, historical trends, and expert analysis to empower your investment decisions. Follow silver rates in Nagpur here to seize opportunities in the precious metals market.

Today 22 Carat Gold Price Per Gram in Nagpur (INR)

Gram

22K Today

22K Yesterday

Price Change

1 Gram

₹5,715

₹5,770

₹-55

8 Gram

₹45,720

₹46,160

₹-440

10 Gram

₹57,150

₹57,700

₹-550

100 Gram

₹5,71,500

₹5,77,000

₹-5,500

Today 24 Carat Gold Rate Per Gram in Nagpur (INR)

Gram

24K Today

24K Yesterday

Price Change

1 Gram

₹6,235

₹6,295

₹-60

8 Gram

₹49,880

₹50,360

₹-480

10 Gram

₹62,350

₹62,950

₹-600

100 Gram

₹6,23,500

₹6,29,500

₹-6,000

Today 18 Carat Gold Rate Per Gram in Nagpur (INR)

Gram

18K Today

18K Yesterday

Price Change

1 Gram

₹4,676

₹4,721

₹-45

8 Gram

₹37,408

₹37,768

₹-360

10 Gram

₹46,760

₹47,210

₹-450

100 Gram

₹4,67,600

₹4,72,100

₹-4,500

FAQ’s on Gold Rate in Nagpur

  1. What factors determine the price of gold in Nagpur?

    Gold prices in Nagpur depend on the rates of the yellow metal in the international markets, inflation, economic stability, import costs, and the value of the rupee against the dollar.

  2. When would be the best time to purchase gold?

    Gold can be purchased at any given time as per your needs. However, it is important that you check the purity of gold before buying it.

  3. How does 24 karat gold differ from 22 karat gold?

    No additional metals are added to 24 karat gold, while additional metals apart from gold are added to 22 karat gold. The percentage of pure metal in the case of 22 karat gold is around 92.

  4. Will the prices of gold differ from city to city?

    Yes, the prices of gold will be different in every city. The main reasons for the prices to vary in every city are transportation costs, the amount of gold that has been bought, and local taxes.

  5. Do the interest rates on fixed deposits affect gold prices?

    Yes, gold prices are affected by the interest rates on fixed deposits

Some basics details about Gold

Q: What is the chemical symbol for gold?

A: The chemical symbol for gold is Au, which comes from the Latin word “aurum.”

Q: What is the significance of gold in ancient civilizations?

A: Gold held immense significance in ancient civilizations due to its rarity, durability, and lustrous appearance. It was associated with wealth, power, and divine attributes. Many cultures used gold in religious ceremonies, jewelry, and as a symbol of status and prestige.

Q: How is gold typically mined and extracted?

A: Gold is commonly mined through various methods, including open-pit mining, underground mining, and placer mining. Once mined, gold ore undergoes extraction processes such as crushing, grinding, and chemical treatment (cyanidation) to separate the gold from the ore.

Q: What are the unique properties of gold that make it valuable?

A: Gold possesses unique properties like high malleability, ductility, conductivity, and resistance to corrosion, making it highly valuable in various industries, especially in electronics, jewelry, and as a financial asset.

Q: What is the primary use of gold in today’s world?

A: While gold has several applications, its primary uses include jewelry making, investment in the form of bullion and coins, and industrial purposes like electronics and dentistry due to its conductivity and non-reactive nature.

Q: How does the price of gold fluctuate in the market?

A: The price of gold is influenced by various factors such as supply and demand dynamics, geopolitical events, inflation rates, currency fluctuations, and investor sentiment. It is traded on global commodity exchanges and its price is subject to market speculation and economic conditions.

Q: What is the term used to describe the purity of gold?

A: The purity of gold is measured in karats (or carats), with 24 karats being considered pure gold. Lower karat values indicate a lesser percentage of gold alloyed with other metals. For example, 18 karat gold is 75% pure gold mixed with other metals for durability.

Q: How does gold act as a hedge against inflation?

A: Gold is often considered a hedge against inflation because its value tends to rise during times of inflation or economic uncertainty. As the purchasing power of fiat currencies decreases, investors turn to gold as a store of value, preserving wealth in the face of currency devaluation.

Q: What is the largest consumer of gold worldwide?

A: The largest consumer of gold globally is the jewelry industry, accounting for a significant portion of the total annual gold demand. Countries like India and China have historically been major consumers of gold for jewelry-making purposes.

Table of Contents

Silver Price in India (8th 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.

Today Silver Price Per Gram/Kg in India (INR)​

Gram

Silver Rate Today

Silver Tare Yesterday

Daily Price Change

1 Gram

₹72.20

₹77.20

₹0

8 Gram

₹617.60

₹617.60

₹0

10 Gram

₹772

₹772

₹0

100 Gram

₹7,720

₹7,720

₹0

1 Kg

₹77,200

₹77,200

₹0

Silver Rate in India for Last 10 Days​

Date

10 Gram

100 Gram

1 Kg

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

1 Dec, 2023

₹795.00

₹7,950.00

₹79,500.00

30 Nov, 2023

₹792.00

₹7,920.00

₹79,200.00

29 Nov, 2023

₹792.00

₹7,920.00

₹79,200.00

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 of gold.
  • Trends show that as gold rises and falls, silver does too.
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:

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. Reflectivity: Silver has the highest reflectivity of any metal, which makes it extremely useful in mirrors, telescopes, and various optical instruments.

  6. 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.

  7. 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.

  8. 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.

  9. 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.

  10. 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.

  11. 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.

  12. 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.

Gold Rate in Nagpur (8th December 2023)

The gold rate in Nagpur, akin to the broader Indian market, exhibits consistent fluctuations, reflecting the dynamic nature of the precious metal market. At Financial Express, our unwavering commitment is to provide you with real-time updates on gold prices, ensuring that you are consistently well-informed about the latest trends. Based on the most recent data available, the gold rate in Nagpur as of Dec 8, 2023 for 22-karat gold priced at ₹5,770, and 24-carat gold valued at ₹6,295. Our primary objective is to equip you with accurate and timely information, empowering you to make informed decisions regarding your gold investments. Place your trust in Financial Express for the most current and dependable gold price in Nagpur.

Stay informed about silver prices in Nagpur with real-time updates available right here on our platform. We offer accurate pricing data, historical trends, and expert analysis to empower your investment decisions. Follow silver rates in Nagpur here to seize opportunities in the precious metals market.

Today 22 Carat Gold Price Per Gram in Nagpur (INR)

Gram

22K Today

22K Yesterday

Price Change

1 Gram

       ₹5,770

       ₹5,755

       ₹+15

8 Gram

       ₹46,160

       ₹46,040

       ₹+120

10 Gram

       ₹57,700

       ₹57,550

       ₹+150

100 Gram

       ₹5,77,000

       ₹5,75,500

       ₹+1,500

Today 24 Carat Gold Rate Per Gram in Nagpur (INR)

Gram

24K Today

24K Yesterday

Price Change

1 Gram

       ₹6,295

       ₹6,278

       ₹+17

8 Gram

       ₹50,360

       ₹50,224

       ₹+136

10 Gram

       ₹62,950

       ₹62,780

       ₹+170

100 Gram

       ₹6,29,500

       ₹6,27,800

       ₹+1,700

Today 18 Carat Gold Rate Per Gram in Nagpur (INR)

Gram

18K Today

18K Yesterday

Price Change

1 Gram

       ₹4,721

       ₹4,709

       ₹+12

8 Gram

       ₹37,768

       ₹37,672

       ₹+96

10 Gram

       ₹47,210

       ₹47,090

       ₹+120

100 Gram

       ₹4,72,100

       ₹4,70,900

         ₹+1200  

FAQ’s on Gold Rate in Nagpur

  1. What factors determine the price of gold in Nagpur?

    Gold prices in Nagpur depend on the rates of the yellow metal in the international markets, inflation, economic stability, import costs, and the value of the rupee against the dollar.

  2. When would be the best time to purchase gold?

    Gold can be purchased at any given time as per your needs. However, it is important that you check the purity of gold before buying it.

  3. How does 24 karat gold differ from 22 karat gold?

    No additional metals are added to 24 karat gold, while additional metals apart from gold are added to 22 karat gold. The percentage of pure metal in the case of 22 karat gold is around 92.

  4. Will the prices of gold differ from city to city?

    Yes, the prices of gold will be different in every city. The main reasons for the prices to vary in every city are transportation costs, the amount of gold that has been bought, and local taxes.

  5. Do the interest rates on fixed deposits affect gold prices?

    Yes, gold prices are affected by the interest rates on fixed deposits

Table of Contents

Gold Rate in Nagpur (6th December 2023)

The gold rate in Nagpur, akin to the broader Indian market, exhibits consistent fluctuations, reflecting the dynamic nature of the precious metal market. At Financial Express, our unwavering commitment is to provide you with real-time updates on gold prices, ensuring that you are consistently well-informed about the latest trends. Based on the most recent data available, the gold rate in Nagpur as of Dec 4, 2023 for 22-karat gold priced at ₹5,810, and 24-carat gold valued at ₹6,338. Our primary objective is to equip you with accurate and timely information, empowering you to make informed decisions regarding your gold investments. Place your trust in Financial Express for the most current and dependable gold price in Nagpur.

Stay informed about silver prices in Nagpur with real-time updates available right here on our platform. We offer accurate pricing data, historical trends, and expert analysis to empower your investment decisions. Follow silver rates in Nagpur here to seize opportunities in the precious metals market.

Today 22 Carat Gold Price Per Gram in Nagpur (INR)

Gram

22K Today

22K Yesterday

Price Change

1 Gram

       ₹5,745

       ₹5,785

       ₹-40

8 Gram

       ₹45,960

       ₹46,280

        ₹-320

10 Gram

       ₹57,450

       ₹57,850

       ₹-400

100 Gram

       ₹5,74,500

       ₹5,78,500

       ₹-4000

Today 24 Carat Gold Rate Per Gram in Nagpur (INR)

Gram

24K Today

24K Yesterday

Price Change

1 Gram

       ₹6,267

       ₹6,311

       ₹-44

8 Gram

       ₹50,136

       ₹50,488

       ₹-352

10 Gram

       ₹62,670

       ₹63,110

       ₹-440

100 Gram

       ₹6,26,700

       ₹6,31,100

       ₹-4,400

Today 18 Carat Gold Rate Per Gram in Nagpur (INR)

Gram

18K Today

18K Yesterday

Price Change

1 Gram

       ₹4,700

       ₹4,733

       ₹-33

8 Gram

       ₹37,600

       ₹37,864

       ₹-264

10 Gram

       ₹47,000

       ₹47,330

       ₹-330

100 Gram

       ₹4,70,000

       ₹4,73,300

       ₹-3,300

NOTE :-  The above gold rates are indicative and do not include GSTTCS and other levies. For the exact rates contact your local jeweller.

FAQ’s on Gold Rate in Nagpur

  1. What factors determine the price of gold in Nagpur?

    Gold prices in Nagpur depend on the rates of the yellow metal in the international markets, inflation, economic stability, import costs, and the value of the rupee against the dollar.

  2. When would be the best time to purchase gold?

    Gold can be purchased at any given time as per your needs. However, it is important that you check the purity of gold before buying it.

  3. How does 24 karat gold differ from 22 karat gold?

    No additional metals are added to 24 karat gold, while additional metals apart from gold are added to 22 karat gold. The percentage of pure metal in the case of 22 karat gold is around 92.

  4. Will the prices of gold differ from city to city?

    Yes, the prices of gold will be different in every city. The main reasons for the prices to vary in every city are transportation costs, the amount of gold that has been bought, and local taxes.

  5. Do the interest rates on fixed deposits affect gold prices?

    Yes, gold prices are affected by the interest rates on fixed deposits

Table of Contents

Silver Price in India (5th 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.

Silver Price In India (16th December 2023)

Gram

Silver Rate Today

Silver Rate Yesterday

Daily Price Change

1 Gram

₹78.50

₹80.55

₹-2

8 Gram

₹628

₹644

₹-16

10 Gram

₹785

₹805

₹-20

100 Gram

₹7,885

₹8,050

₹-200

1 Kg

₹78,500

₹80,500

₹-2000

Silver Rate in India for Last 10 Days

Date

10 Gram

100 Gram

1 Kg

5 Dec 2023

₹785.00

₹7,850.00

₹78500.00

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

1 Dec 2023

₹795.00

₹7,950.00

₹79,500.00

30 Nov 2023

₹792.00

₹7,920.00

₹79,200.00

29 Nov 2023

₹792.00

₹7,920.00

₹79,200.00

28 Nov 2023

₹785.00

₹7,850.00

₹78,500.00

27 Nov 2023

₹785.00

₹7,850.00

₹78,500.00

26 Nov 2023

₹772.00

₹7,720.00

₹77,200.00

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 of gold.
  • Trends show that as gold rises and falls, silver does too.

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:

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. Reflectivity: Silver has the highest reflectivity of any metal, which makes it extremely useful in mirrors, telescopes, and various optical instruments.

  6. 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.

  7. 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.

  8. 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.

  9. 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.

  10. 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.

  11. 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.

  12. 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.

Gold Rate in Nagpur (5th December 2023)

The gold rate in Nagpur, akin to the broader Indian market, exhibits consistent fluctuations, reflecting the dynamic nature of the precious metal market. At Financial Express, our unwavering commitment is to provide you with real-time updates on gold prices, ensuring that you are consistently well-informed about the latest trends. Based on the most recent data available, the gold rate in Nagpur as of Dec 6, 2023 for 22-karat gold priced at ₹5,745, and 24-carat gold valued at ₹6,267. Our primary objective is to equip you with accurate and timely information, empowering you to make informed decisions regarding your gold investments. Place your trust in Financial Express for the most current and dependable gold price in Nagpur.

Also Read:-Gold Rate in Nagpur (5th December 2023)

Stay informed about silver prices in Nagpur with real-time updates available right here on our platform. We offer accurate pricing data, historical trends, and expert analysis to empower your investment decisions. Follow silver rates in Nagpur here to seize opportunities in the precious metals market.

Today 22 Carat Gold Price Per Gram in Nagpur (INR)

Gram

22K Today

22K Yesterday

Price Change

1 Gram

       ₹5,745

       ₹5,785

       ₹-40

8 Gram

       ₹45,960

       ₹46,280

       ₹-320 

10 Gram

       ₹57,450

       ₹57,850

       ₹-400

100 Gram

       ₹5,74,500

       ₹5,78,500

       ₹-4,000 

Today 24 Carat Gold Rate Per Gram in Nagpur (INR)

Gram

24K Today

24K Yesterday

Price Range

1 Gram

       ₹6,267

       ₹6,311

       ₹-44

8 Gram

       ₹50,136

       ₹50,488

       ₹-352

10 Gram

       ₹62,670

       ₹63,110

       ₹-440

100 Gram

       ₹6,26,700

       ₹6,31,100

       ₹-4,000

Today 18 Carat Gold Rate Per Gram in Nagpur (INR)

Gram

18K Today

18K Yesterday

Price Change

1 Gram

       ₹4,700

       ₹4,733

       ₹-33

8 Gram

       ₹37,600

       ₹37,864

       ₹-264

10 Gram

       ₹47,000

       ₹47,330

       ₹-330

100 Gram

       ₹4,70,000

       ₹4,73,300

       ₹-3,300

NOTE :-  The above gold rates are indicative and do not include GSTTCS and other levies. For the exact rates contact your local jeweller.