Silver Rate in Bangalore

24th May 2020


Today MCX silver price in rupees per 1 kg.

Today silver price in india is 48,360.00 rupees per Kg

Per Gram Silver Price Today in Bangalore
Rs. 48.36
1 Kg Silver Price Today in Bangalore
Rs. 48,360.00

Silver Rate in Bangalore Per Gram (INR)

  1 Gram 10 Gram 100 Gram 1 Kg Change(%)
Yesterday 48.36 483.6 4836 48360.00 0 %
Today 48.35 483.5 4835 48350.00 0 %

Silver Rate In Bangalore

Bangalore is another metropolitan city that sees a thriving market for silver. The city comes second only to Chennai in Southern India when it comes to consumption of this metal. Residents of Bangalore consider silver mainly as an investment that has a profitable resale value and stability to bank upon.

Silver rates in Bangalore depend heavily on international prices of commodities. The silver price in Bangalore saw an upshot in January and February, with the increase being reported at 4.79% and 5.78% respectively. However, Bangalore silver rate has declined since then, with March showing a decline of 4.10% and April further witnessing a significant decrease of 5.62%.

Silver price in Bangalore today is in continuation of this trend. And while the prices of gold have increased in the past few months, silver has become an even more affordable metal, leading to a tremendous rise in its demandsWe have given today’s silver rate in Bangalore for those who wish to buy the precious metal.

Silver Rate in Bangalore for Last 10 Days

SILVER (in Gm)
SILVER (in Kg)
1 Kg 10 Kg
24 May 2020 Rs. 48.36 Rs. 483.6 Rs. 48360.00 Rs. 483600
23 May 2020 Rs. 48.35 Rs. 483.5 Rs. 48350.00 Rs. 483500
22 May 2020 Rs. 48.25 Rs. 482.5 Rs. 48250.00 Rs. 482500
21 May 2020 Rs. 48.20 Rs. 482 Rs. 48200.00 Rs. 482000
20 May 2020 Rs. 49.00 Rs. 490 Rs. 49000.00 Rs. 490000

Comparison for 1 Gram Silver Rates for Bangalore (In Rupees/Gram)

Historical Price of Silver Rate in Bangalore

Silver as the Popular Metal Always Finding Customers

Studies have revealed, the city of Bangalore happens to be the second largest market for a metal like Silver in the whole of Southern India. When such is the demand, it is easily understandable as to why the current silver rate is increasing steadily defying all odds.

What brings on Silver in Bangalore?

Bangalore as a city has a sizeable population of middle-class income group. The current silver rate in Bangalore might not showcase it, but it is the IT sector that seems to drive the buying power of people of this city. Talking of the silver rate in Bangalore today, the per gram price in rupees present in the market is the direct reflection of the metal being used as a form of investment rather than a piece of jewelry. The rates have their origins in the current international price of the commodity.

Readers may be surprised as to silver getting the limelight when gold is considered to be more sought after. But gold being undoubtedly expensive gives silver the required edge as the popular mode of investment, especially amongst the middle-class households. Various jewelry stores, artefacts shops, sellers of silverware and more ensure the easy availability of the metal. Even the commodity exchange authorities make silver up for grabs.