Today Silver rate in West Bengal is Rs. 90 per 1 Gram. However, it is important to note that this is not the highest price observed for Silver in the state over the past year. West Bengal has been experiencing a consistent rise & fall in Silver prices over the past few months.
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Silver Price Today in West Bengal
Latest Market price of Silver rate in West Bengal is ₹ 90 per 1 Gram [Today].
The silver rate in India fluctuates daily, influenced by various global and domestic factors. As of today, the price of silver in India remains a topic of interest among investors, traders, and individuals keen on purchasing or selling silver commodities. Understanding the current market dynamics is crucial for those involved in the precious metals industry or anyone considering investment opportunities in silver.
The silver rate in India, similar to other commodities, is determined by several elements. Firstly, the global demand and supply dynamics significantly impact the price. Silver is a precious metal widely used in industries like electronics, jewellery making, and the production of solar panels. Fluctuations in demand from these sectors affect its price on the international market, consequently influencing the rates in India.
Moreover, the global economic landscape, including geopolitical tensions, currency fluctuations, and interest rates, plays a pivotal role in determining silver prices. In times of economic uncertainty or geopolitical unrest, investors often turn to precious metals like silver as a safe-haven asset, driving up its demand and subsequently its price.
The interplay between the USD/INR exchange rate also contributes to the fluctuation of silver rates in India. Silver is globally traded in US dollars, so any changes in the USD/INR conversion rate can impact the cost of importing silver into the country, directly affecting its domestic price.
Additionally, government policies, import duties, taxes, and regulations regarding precious metals significantly influence the silver rates in India. Changes in these policies can either increase or decrease the cost of importing silver, which directly affects its retail price within the country.
Market sentiment and investor behaviour also have a significant impact on silver rates. Speculation, investor sentiment, and market trends often contribute to short-term fluctuations in silver prices, making it a volatile commodity.
To obtain the most accurate and up-to-date information on the silver rate today in India, individuals typically refer to various sources. Financial news websites, commodity trading platforms, and dedicated apps provide real-time updates on the current silver rates in major Indian cities like Mumbai, Delhi, Chennai, Kolkata, and others. Additionally, local jewellery stores, bullion dealers, and commodity exchanges offer updated pricing information.
Investors and individuals interested in tracking silver rates also rely on charts and historical data analysis to identify patterns, trends, and potential future movements in silver prices. Technical analysis, along with a deep understanding of market fundamentals, assists in making informed decisions regarding buying or selling silver.
Furthermore, the silver rate can differ across various forms of silver, such as bullion, coins, bars, or jewellery. Each form may have its own pricing structure, premiums, or markups based on purity, weight, craftsmanship, and market demand for that specific form.
It's important to note that while the information on the current silver rate in India serves as a guide, actual prices may vary slightly based on location, vendor, and additional charges such as making charges, taxes, or transaction fees.
The silver rate in India today is the result of a complex interplay of global and domestic factors, including supply and demand dynamics, global economic conditions, currency fluctuations, government policies, market sentiment, and investor behaviour. Staying informed through reliable sources and understanding these influences is crucial for anyone interested in the silver market.
Silver Rate Today () in West Bengal
Silver Weight
Silver Price Today
Silver Price Yesterday
Price Change
1 Gram Silver
₹ 90
₹ 90
₹ 0
10 Gram Silver
₹ 900
₹ 900
₹ 0
100 Gram Silver
₹ 9000
₹ 9000
₹ 0
Daily / Weekly / Monthly Silver Price Rate
Silver has been an intrinsic part of India's cultural, economic, and traditional landscape for centuries. Beyond its shimmering allure, silver holds immense importance in various facets of Indian society. From auspicious ceremonies to intricate craftsmanship, this precious metal embodies cultural significance and investment potential. Moreover, the price variations of silver across different cities in India present a fascinating insight into the country's diverse economic dynamics.
Cultural Significance
In India, silver is intertwined with cultural traditions and religious practices. It is a symbol of purity, prosperity, and good fortune. The exchange of silver gifts during festivals, weddings, and religious ceremonies signifies blessings and well-being. Items crafted from silver, such as utensils, jewelry, and idols of deities, hold immense sentimental and religious value. These cultural ties have sustained the demand for silver across generations.
Economic Importance
Beyond its cultural importance, silver plays a pivotal role in the Indian economy. India is one of the largest consumers of silver globally. The metal serves as a popular investment avenue alongside gold, especially among households. Many Indians see silver as a more affordable investment option and a hedge against inflation.
Price Variances Across Cities
The price of silver exhibits disparities across various Indian cities due to several factors:
Market Demand and Supply: Cities with higher demand for silver, either due to cultural reasons or industrial requirements, might witness price hikes compared to areas with lower demand.
Local Taxes and Regulations: Variances in local taxes, transportation costs, and government regulations can influence the final price of silver in different cities.
Market Conditions: The global market trends, currency fluctuations, and international demand-supply dynamics impact the cost of silver, leading to price variations across cities.
Understanding Price Differences
Exploring the price differences of silver across cities in India requires a comprehensive analysis. Cities like Mumbai, Delhi, Chennai, Kolkata, and Bangalore, being major economic hubs, often witness higher silver prices due to increased demand and commercial activities. Conversely, smaller cities or regions might experience comparatively lower prices due to reduced demand or limited access to markets.
Impact on Consumers and Investors
The disparities in silver prices across cities can significantly impact consumers and investors. Savvy buyers often monitor these variations to capitalize on favorable prices, making purchases or investments in cities where silver rates are comparatively lower.
Silver holds a unique and multifaceted position in India, blending cultural significance with economic value. The differing prices of silver across Indian cities reflect a tapestry of factors influencing local markets. Understanding these variations allows consumers and investors to make informed decisions while also highlighting the rich cultural heritage associated with this precious metal in India.
