Silver Rate in Punjab Today (Feb 17, 2023): Live Silver Price in Punjab

Punjab is one of the most prominent North-Indian states that house a large number of businessmen. This state has many traders and investors who deal with silver and this is the reason they keep the track of the Live Silver Rate in Punjab Today (Feb 17, 2023).

This article will focus on the Silver Rate in Punjab and readers should not miss out on a single point from it.

They invest a lot of money on this expensive metal which requires thorough monitoring regularly. Investors should evaluate the latest rates and invest accordingly or else they may suffer a huge loss of money.

They will learn about the rates for the past six months which will help them in assessing the performance of this metal perfectly.

All the factors impacting the Silver Rate in Punjab Today shall also be discussed in this article for the reference of the readers.

Silver Rate in Punjab – 10 gm, 100 gm & 1 kg Silver Price in Punjab Today (Feb 17, 2023)

Silver is mostly sold in kilograms and this makes investors inquire about the 1 Kg Silver Rate in Punjab very often.

This rate will help traders while they buy this commodity from merchants and buyers can use the data while making investment decisions.

This portion of the article will give an insight into the price of 1 kg silver and also mention the rates for 10 grams and 100 grams of the commodity.

Readers should go through them nicely if they are planning to invest in this precious metal in the upcoming days.

Also, Check out the Gold Rate in Punjab Today

Silver Rate Forecast for Tomorrow

Tomorrow Silver Rate Prediction or Forecast in Punjab

Check out Punjab Silver Prediction for Tomorrow here –

Silver Price in Punjab for Last 15 Days

Traders in Punjab, who deal in silver, are extremely professional in their technicalities and they prefer doing full-proof research on the commodity they are dealing with.

People here check the Silver Price in Punjab for the past 15 days to make sure they are going ahead with the best deal.

They go through these rates and calculate the performance percentage of silver in the last 2 weeks. This helps them in deciding whether they are choosing the right time for investment or not.

Find Silver Rates of Top Indian Cities & States

Silver Price in Punjab – Past 12 Months Price

Silver is a metal whose rate varies each day and can show a huge amount of rising or deduction suddenly. Thus, investors who deal with a huge amount of money need to be very careful while investing in this commodity.

They check the Silver Rate in Punjab for the previous 12 months and then chalk out the trend of this valuable metal. This is an important step and all types of investors, big and small, should follow it mandatorily.

To help the readers, this article has mentioned the rates of silver in this state for the past 12 months below. They can find out the highest and the lowest prices of this precious metal for these months along with the percentage changes.

January 2023, Silver Price Movement in Punjab

The first month of a year is always special for investors and traders as the world market throws in various profitable opportunities.

Below the 22 Carat Silver Price in Punjab for January is mentioned and readers should go through the values thoroughly.

• The silver market in Punjab marked the opening price of Rs.71300 per kg and it closed on 31st January with Rs.72300 for 1 kg
• The Silver Price in Punjab went up to the highest value of Rs.72900 per kg of the month
• Rs 71000 was the lowest 1 kg silver price in January 2023.
• The growth percentage was calculated to be 1.40%

Silver Rate Movement in Punjab for December 2022

Silver has been the primary metal around which numerous businesses as well as valuable investments revolves. Keeping in note the jewellery as well as the investment industry of Punjab, we bring forward a comprehensive silver rate breakdown for Punjab for the month December.

• Punjab has been very lucrative when it comes to silver, as their month opened with a rate of Rs 63600.
• The closing price which silver acquired for the month December remained Rs 66500.
• The entire change all around the month can be brought down to a value of 4.56%.
• Given the crowded supply for silver, it’s reasonably patent that mid December has been anything but gracious for investments.
• Punjab has been one of those states which abundantly favoured investments in the opening as well second week of the month.

Silver Rate Movement in Punjab  for November 2022

As assets forms a very large part of our investment industry, it thus then become very important to keep a note by note update on the same. We have presented you with the most simplified yet most comprehensive information about one such metal – silver.

• Silver for the month November has overall given a change of around 3.19% from the start of the month to the end of the month.
• The highest price which silver attained for the month has been Rs 62700, which was around just the first week of the month.
• While silver accordingly to the table has been at the lowest of its value around November end. Silver has been priced around Rs.58100 around the last week of November.
• Punjab has been one of those states where silver prices has followed a very determined pattern when it comes to the price change. The initial month price increased, after which it have been subtly lowered down to the least possible value of silver for the month.
• While November for Punjab started with a moderate price for silver, it ended with a price that increased major purchase opportunities for families and businesses .

Silver Rate Movement in Punjab for October 2022

A lot of factors are taken into account while deciding on the investment of silver. One such factor is the past price of the metal. So, to help you with this part of the research, we have provided you with this section, which portrays the Silver Rate in Punjab from the month of October.

• Checking out the change in the price of the metal, the percentage of change which took place for the month was 1.05%
• Keeping all the records of money into notice, you can see that the first recorded price of the month wad Rs.56900 and closing price was just Rs.57500
• As far as the highest price level of the metal is in concern, the stats are Rs.62000
• Also, we have the information on the lowest price records which was Rs.55300
• For all the information that you need, you can refer to the table, which has more price intervals data from the month.

September 2022, Silver Rate Movement in Punjab

Commencing with this section, we have all the essential details of the Silver Rate in Punjab from September month for you. You can refer to the parts which you need and form your personal strategy of investment. Also, we would recommend you to invest in a smart way to make assured returns.

• Prior to beginning the explanation, we wish to state that the price of the metal as shows in the table are all provided in kg metric.
• We wish to move your attention to the first and last recorded price for the month and they were Rs.51600 and Rs.57000
• Next concern must be relating to the highest price level and it was Rs.58000
• Also, moving further, we have the lowest price level and it was Rs.51600
• 10.47% was the determined change in price level, which shows that the price of the metal went through the phase of decline.

August 2022, silver rate movement in Punjab

Silver rates change every day. However, an investor does not buy silver every day. He/She buys silver in bulk and averages it when levels are preferable. Therefore, to make investment at desirable prices an investor must follow the silver rates thoroughly. The points to note about the month of August are below.

• The price for silver for the month of August opened at Rs. 58000 per kg.
• It corrected much for the first two weeks and by mid-month price was at Rs. 59300 per kg.
• On the last day of the month it closed at Rs. 50800 per kg.
• The decreased prices lowered market sentiment but increased demand from big investors.
• Changing silver rates on an average was -12.41% in Punjab.

July 2022, Silver Rate Movement in Punjab

Below are some statistics on the silver rate in Punjab for the month of July. Analysis on its prices for different days of the month along with the important numbers that should be kept in mind are given below. Make sure you read through the points carefully.

• The changes in prices over the entire period of the month of July is given in the table.
• As on 1^st July the recorded price is Rs.59000 per gram and on 31^st July is Rs.58400 per gram.
• The highest recorded price that silver touched this month is Rs.62500 per gram.
• And the lowest price in Punjab was at Rs.54500 per gram.
• The change in performance for this month is recorded to be -1.02%.

June 2022, Silver Rate Movement in Punjab

The pomp in Punjab when it comes to festivals is always very high. Because of which the demand for silver from Punjab is also at a constant increasing level. For better study of the silver rate movement in Punjab we have compiled all the necessary data and key points below.

• Take a note on the prices for the first and the last day of the month as it is mentioned in the table.
• The peak price this month was Rs.60600 per gram of silver and the lowest price touched was Rs.58600 per gram.
• Price on first day of the month was Rs.62700 per gram and on last day of the same month was Rs.58600 per gram.
• The prices show volatile trend this month but is steadier as compared to the other months of the year which show a heavier downside.
• Approximate calculation for overall analysis for the month of June 2022 is -3.30%.

May 2022, Silver Rate Movement in Punjab

The first month to be discussed in this article is May and readers will find below all the details related to Silver Rate in Punjab. All the important data is mentioned in points for an easy understanding of whoever reading this article.

• In May 2022, the opening rate for 1 kg silver was Rs.63500 and the closing rate was Rs.61600
• The silver price declines slightly in the third week, then increases by the end of the month.
• The highest recorded price in Punjab for 1 kg silver was Rs.65000 and the lowest rate was recorded as Rs.65000
• The percentage change in the Silver Rate in Punjab per gram was -2.99%

April 2022, Silver Rate Movement in Punjab

In India, April marks the beginning of the financial year and it brings along numerous good investment opportunities for investors and traders. The Silver Rate Movement in Punjab shall be discussed thoroughly below for the reference of readers.

• The opening and closing rates of 1 kg silver in Punjab for this month were Rs.67600 and Rs.63500 respectively
• Silver recorded the highest value of Rs.74200 per kg.
• The lowest rate for 1 kg of silver was recorded was of Rs.63500
• The Silver Rate in Punjab per Gram increased gradually throughout the month in a small amount but started declining slightly after the 3rd week.
• A percentage change of -6.07% was calculated in the growth of the silver rate in this state

March 2022, Silver Rate Movement in Punjab

March plays an important role in determining the Silver Price Movement in Punjab for 2022. This is because it is the last month of the financial year 2020-2021 and the national silver market experiences a lot of changes during this time. The silver rates for this month have been discussed below:

• The opening rate of 1 kg of silver on the 1^st day of the month was Rs.65000 and the closing rate on 31^st March was Rs.66800
• This month saw a good amount of depreciation in the rate of silver that can be calculated from the difference between the opening and closing rates
• The highest and lowest rates for this precious metal were Rs.74700 and Rs.65000 respectively
• On March 31st the Silver Price in Punjab per Gram touched the highest value and on 1^st March the lowest value was recorded
• A huge percentage change of 2.77% was recorded in this month

February 2022, Silver Price Movement in Punjab

The highest and the lowest 22 Carat Silver Rate in Punjab in February 2022 will be discussed below along with the percentage change:

• In February this year, the silver market opened on the 1st with a rate of Rs.62000 per kg
• The closing rate on the 28^th of the month was recorded to be Rs.65200 for 1 kg
• February saw the highest price of 1 kg silver which was Rs.66000
• The lowest price was Rs.60900 per kg and it was attained near to the last day of the month
• In this month, the Silver Rate in Punjab per gram experienced negative growth of 5.16%.

Silver Rate in Punjab – Trend in 2020

The Silver Rate Trend in Punjab for 2020 can be derived from the rate movements discussed for the first few months of this year.

This precious metal showed bad performances in the first three months, namely, January, February, and March.

However, in the next two months, the silver market of Punjab improved and showed better performances.

Today Silver Rate in Punjab is far better than the beginning of the year. The rates in May showed a drastic change and recorded a very high closing value.

Investors are seeing positivity and they are motivated for investing in this valuable commodity once again.

Check out Silver Rates of other Indian Cities & States

Silver Rate in Punjab – Trend in 2019

The Silver Rate Trend 2019 in Punjab is very different from the present trend. In 2019, the global market of silver showed some severe fluctuations in the rates of the metal but things were profitable for traders.

This year was not exposed to a massive pandemic that crashed the stock markets of the whole world. Thus, the rate of silver increased gradually and investors earned good returns at the end of the year.

If the present rate of silver is compared with the Historical Silver Rate in Punjab then the latter is much less than the former. This price difference is the result of inflation that has crept into the global economy.

What makes Silver Rates in Punjab to increase or decrease?

The Silver Rate in Punjab as on today keeps fluctuating as it is impacted by a wide range of reasons. If inflation grows in the international market then the price of silver is bound to increase.

The rise and fall in the valuation of the Indian Currency concerning the American Dollar also decrease and increase the rates respectively.

The demand in the local silver market also determines the Silver Rate in Punjab today per gram. If the demand is high then the silver rate will be less and vice-versa.

The import duty and taxes levied by the state government also play pivotal roles in changing the price of this precious metal.

What are the various measuring units of Silver in Punjab?

The technique used for measuring Silver in Punjab is the same as that used for measuring gold. Jewelers use accurate measuring units and nicely calibrated instruments for measuring this metal as it is very expensive.

When a customer visits a jewelry shop in Punjab, he should ensure the shop owner charges the correct price of silver and weighs the final product accurately.

For measuring silver, troy weight and gram are the most common measuring units used by traders. They also use kilograms, Masha, Tola, million ounces, troy ounce for weighing this commodity.

Readers can check out the relationship between these units below:

• 1 Kilogram = 1000 grams
• 1 Troy ounce = 31.1035 grams
• 0.972 gram = 1 Masha
• 1 Tola = 12 Masha
• 1 Tonne = 1000 kilograms

How much is the Tax Levied on Silver Rate in Punjab?

Gold and silver are two very expensive metals that attracted a lot of taxes before GST was brought into effect in India. Today, only 3% of GST is imposed as the Tax on Silver Rate in Punjab.

This has reduced a lot of burden of traders and investors in this state as they can buy a lot of this commodity.

A small amount of GST is also charged on the making charge of silver jewelry which is calculated on the total rate of the metal bought.

Find Silver Rates of other Indian Cities & States

How to check Silver purity in Punjab?

The Pure Silver Rate in Punjab is calculated in percentage across the world. All silver products are made up of an alloy of this metal that contains 94.79% pure silver and the rest some other metals. This alloy is stronger than the pure form of this metal and is called 22 Carat Silver.

An investor can use a piece of a magnet for checking the purity of the silver product he has purchased from a jeweler. He needs to take the magnet near the product and if it gets attracted then the silver used is impure.

Silver Rate in Punjab – Conclusion

This article has nicely described the Silver Rate in Punjab that will guide new investors and traders who have just started dealing with this metal.

It contains the highest, lowest, opening, and closing rates for the past five months. The performance percentages for these months are also mentioned in the article along with the rate trends for 2019 and 2020.

Today Silver Rate in Punjab looks better and suitable for investment. The rates are increasing gradually and investors can look for some profitable deals soon.

However, they should keep a track of the rates of silver to ensure the right investment opportunity is not missed out on.

Punjab Silver Rates FAQs

Ques – How to check today’s silver rate in Punjab?

Answer – The article will help you find out a particular day’s silver rate in Punjab. We have provided numbers on the Silver Price in Punjab on the current day, the day before and have also made a relative comparison between them. There is a link to check the current day’s silver rate provided in the article.

Ques – Where to find silver rate in Punjab?

Answer – You can find the silver rate in Punjab at various time periods in the article. The article includes the silver rate in Punjab on a current day, in the last 15 days and in the past 6 months. We also detail the trends that can be observed from the prices and the factors that cause the same.

Ques – Is this live silver price in Punjab?

Answer – Yes, the silver price in Punjab is live. The silver price changes quite often and undergoes fluctuations often. Thus, the silver rate is updated regularly in our article to ensure that the article reflects only the most latest silver price in Punjab.

Ques – Can I find last month’s silver price here?

Answer – Yes, you can find last month’s silver price in the article. Each month’s price in the table is shown in a way that the price at the beginning of each of the four weeks, the highest price, the lowest price and the percentage change is shown.

Ques – Is the silver rate in Punjab update?

Answer – Yes, the silver rate in Punjab is updated at regular intervals. The silver price changes at regular intervals. We keep track of the changes and trends and update the silver rate in Punjab accordingly to ensure that our customers have access to only the latest data.

Ques – Where can I compare silver prices monthly and yearly?

Answer – The last six months’ silver prices as well as the silver prices of 2019 and 2020 are provided in the article. This can be used by the customers to compare the silver prices monthly and yearly. You can also use the links provided in the article to compare the prices at different time spans.

Ques – Will I find silver rate forecast here?

Answer – Yes, you will find a silver rate forecast in this article. We use the information of recent past times and technically analyse them to come up with a reliable forecast of the future silver rate in Punjab. This can be used by customers to plan their future investment strategies.

Ques – What are the various measuring units of Silver in Punjab?

Answer – For measuring silver, troy weight and gram are the most common measuring units used by traders. They also use kilograms, Masha, Tola, million ounces, and troy ounce for weighing this commodity.

• 1 Kilogram = 1000 grams
• 1 Troy ounce = 31.1035 grams
• 972 gram = 1 Masha
• 1 Tola = 12 Masha
• 1 Tonne = 1000 kilograms

Ques – How to check Silver purity in Punjab?

Answer – All silver products are made up of an alloy of this metal that contains 94.79% pure silver and some other metals. You can use a piece of a magnet for checking the purity of silver. Take the magnet near the product and if it gets attracted then the silver used is impure.

Ques – How much is the Tax Levied on Silver Rate in Punjab?

Answer – Only 3% of GST is imposed as the Tax on Silver Rate in Punjab. This has reduced a lot of the burden on traders. A small amount of GST is also charged on the making charge of silver jewelry which is calculated on the total rate of the metal bought.