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Silver Rate Today in Bengaluru (19th Jun 2024)

Silver (10 gram)₹878▼2(0.22 %)
Silver (100 gram)₹8,782▼19(0.22 %)
Last Updated: 19th Jun 2024

If you're looking to invest in silver or to buy silver jewellery for personal use, find here all vital information you may need before going ahead with your purchase. Find here the latest prices for Silver in Bengaluru and also compare them to make an informed decision. Silver rate in Bengaluru today is ₹878 per 10 grams and ₹8,780 per 100 grams. All prices have been updated today and are on a par with industry standards.

10 Gram, 100 Gram & 1 kg Silver Prices in Bengaluru Today

Price 10 Gram 100 Gram 1 Kg
Silver Price ₹878 ₹8,782 ₹87,816

Silver Price For Last 10 Days in Bengaluru

Date Silver (10g)
18th Jun ₹878 (-₹2)
17th Jun ₹880 (-₹1)
16th Jun ₹881 (+₹1)
15th Jun ₹880 (₹0)
14th Jun ₹880 (-₹1)
13th Jun ₹881 (-₹3)
12th Jun ₹884 (+₹5)
11th Jun ₹879 (-₹12)
10th Jun ₹891 (-₹16)
9th Jun ₹907 (₹0)

Silver Price History in Bengaluru

1M 3M 6M 1Y 5Y
Price Before Silver (10g) % Change (Today vs Prev)
3 Months ₹752 +16.78%
6 Months ₹751 +16.87%
1 Year ₹722 +21.57%
5 Year ₹344 +155.64%

Compare Silver vs Gold Performance

1M 3M 6M 1Y 5Y

Monthly Silver Price Movement

  • Jan
  • Feb
  • Mar
  • Apr
  • May
Silver Price Silver (10g)
1st May 2024 ₹802
31st May 2024 ₹926
MAY Highest ₹944
MAY Lowest ₹798
Price Performance(Beginning Month to end Month) ▲15.49%

Silver Rate Today in Major Cities in India

City Silver (10g) Silver (100g)
Silver price in Hyderabad ₹878 ₹8,782
Silver price in Bengaluru ₹878 ₹8,782
Silver price in Delhi ₹877 ₹8,773
Silver price in Chennai ₹877 ₹8,773
Silver price in Ahmedabad ₹878 ₹8,782
Silver price in Mumbai ₹876 ₹8,764
Silver price in Kolkata ₹877 ₹8,773
Silver price in Jaipur ₹877 ₹8,773
Silver price in Pune ₹878 ₹8,782
Silver price in Lucknow ₹877 ₹8,773
Silver price in Vijayawada ₹877 ₹8,773
Silver price in Patna ₹877 ₹8,773
Silver price in Chandigarh ₹876 ₹8,764
Silver price in Surat ₹878 ₹8,782
Silver price in Visakhapatnam ₹877 ₹8,773
Silver price in Mysore ₹877 ₹8,773
Silver price in Coimbatore ₹878 ₹8,782
Silver price in Vadodara ₹877 ₹8,773
Silver price in Bhubaneswar ₹878 ₹8,782
Silver price in Nagpur ₹878 ₹8,782
Silver price in Madurai ₹877 ₹8,773
Silver price in Nashik ₹877 ₹8,773
Silver price in Gurgaon ₹877 ₹8,773
Silver price in Mangalore ₹877 ₹8,773
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FAQ

Where can I buy silver bars in India?

You can purchase silver bars from local jewellery shops and online stores selling silver. Silver bars of all purity grades can be purchased from these places based on availability.

What is hallmarking?

There are five main components to a silver hallmark, which is used to determine an item's origins and purity:
BIS Mark
Fineness number
Assaying and Hallmarking Centre's mark
Jeweller's identification mark
Year of marking denoted by a code letter as decided by BIS
Six grades of silver alloys, including 990, 970, 925, 900, 835, and 800, are listed in the Indian Standard on Silver Hallmarking (IS 2112: 2014). These alloys are used to make silver jewellery and other artefacts.

Why is the silver rate increasing?

In our country, silver is in high demand and its supply declines as demand increases, making it rarer. The electrification of vehicles, the development of 5G technology, and the dedication to green infrastructure will all likely increase demand for silver in the industrial sector. Additionally, it was anticipated that physical silver investment would increase by 18% in 2022.

When is the best time to buy silver?

The ideal period to buy Silver is in the first half of the year, preferably in the first quarter of the year itself.

Will I have to pay tax on my silver purchase?

There are multiple taxes to be paid on silver, including 1% VAT, 3%GST. You also have to pay Wealth tax if the value of silver is above 5 Lakh rupees. Taxes may vary depending on the region.

What are the advantages of buying silver coins from a bank?

Available in lower quantity
Higher purity grade assurance
Readily available
Easy to store and transfer
Presented in a very artistic form, good for gifting.

Do banks levy any charge, in case I purchase silver from them?

Yes. Banks typically charge higher rates compared to jewellers, this is on account of purity checks and assurance provided by them. Taxes on the purchase are to be paid extra.

What are the benefits of investing in silver?

Silver is a physical asset with many uses and high demand in industry.
When compared to other investment options, silver is affordable.
Silver is a secure investment with a prominent presence in jewellery.

Is investing in silver stocks a better idea than investing in the metal?

Even though stocks and ETFs are more liquid than physical silver, owning them is simpler and less expensive. Additionally, you won't have to worry about storage, despite the fact that it increases the risk of a third party dependency fault.