Silver Rate Today in Hyderabad: A big jump has been seen in silver prices in Hyderabad today, where the price of 1 kg silver has reached the level of almost ₹29,500. Today, the price of 1 grams of silver in the local market is around ₹295, which marks a significant change in terms of investment and purchase. This rise in silver prices in Hyderabad has been recorded due to global market signals and increase in industrial demand.
In this guide, we provide accurate information on the silver price rate today in Hyderabad, factors affecting the market, and the best ways to invest in this poor man’s gold.
Silver Price Per Gram/Kilogram in Hyderabad Today
Silver prices are highly volatile and change daily based on international market trends and local demand. For those looking to buy in small quantities or bulk, understanding the breakdown is essential.
| Gram | Today | Yesterday | Change |
|---|---|---|---|
| 1 gram Silver Rate | ₹295 | ₹285 | ₹10 |
| 100g | ₹29,500 | ₹28,500 | ₹10 |
Silver Rate Forecast Today Hyderabad
Many buyers ask: Is today a good time to buy? According to current market indicators, the silver rate forecast today remains cautiously optimistic. Experts suggest that as long as industrial demand grows and inflation persists, silver will remain a strong hedge. However, it is always recommended to monitor the today gold and silver rate in hyderabad 24 carat and silver trends for at least a week before making a bulk purchase
| Gram | Today | Yesterday | Change |
|---|---|---|---|
| 1 gram Silver Rate | ₹295 | ₹285 | ₹10 |
Physical and Digital Silver Prices
In Hyderabad, investors now have the luxury of choosing between traditional and modern forms of silver.
1. Physical Silver
This includes silver bars, coins, and jewelry. When buying from local legends like Lalitha Jewellery silver rate today, remember that physical silver involves “making charges” and “GST (3%)” which are added to the base market rate.
2. Digital Silver
If you want to avoid the hassle of storage and security, digital silver is an excellent choice. Platforms like Angel One, 5Paisa, or various UPI apps allow you to buy silver for as low as ₹1. The silver gram rate today in Hyderabad for digital silver usually tracks the live market price without the overhead of making charges.
Alternatives to Physical Silver in Hyderabad
If you don’t want to keep silver bricks in your locker, consider these modern investment vehicles:
- Silver ETFs (Exchange Traded Funds): These are traded on the stock exchange and represent physical silver. They offer high liquidity.
- Silver Future Contracts: For seasoned traders, MCX silver futures are a way to hedge against price fluctuations.
- Silver Micro-SIPs: Many jewelers and digital platforms offer monthly schemes where you can accumulate silver over time.
- Sovereign Bonds & Funds: While more common for gold, certain silver-based mutual funds are gaining popularity among Hyderabad investors.
Silver Rate Calculator
Factors Influencing Silver Price in Hyderabad
If you’re looking at the silver price forecast today, you’ll notice that prices don’t just move randomly. Many domestic and global factors come into play:
- International Market Trends: Silver is a global commodity. Prices in Hyderabad are heavily influenced by the London Bullion Market and COMEX.
- Gold Prices: Usually, the today gold and silver rate in hyderabad move in tandem. When gold prices rise, silver often follows.
- Industrial Demand: Unlike gold, silver is widely used in electronics, solar panels, and EVs. High industrial demand leads to a surge in prices.
- US Dollar Strength: Since silver is traded in dollars internationally, a stronger Dollar makes silver more expensive for Indian buyers.
- Import Duties: Any change in the import duty by the Indian government directly impacts the silver kg rate today in hyderabad.
- Local Festivals: During Dhanteras, Diwali, and the wedding season, the demand in Hyderabad spikes, leading to a slight premium in local rates.
Today Silver Rates in Indian Popular Cities
Silver rates aren’t the same everywhere in India due to local taxes and transportation costs. Here is how Hyderabad compares:
Silver Rate in Mumbai
Silver Rate in Chennai
Silver Rate in Ahmedabad
Silver Rate in Pune
Silver Rate in Indore
Silver Rate in Bhopal
Silver Rate in Coimbatore
Silver Rate in Nagpur
Silver Rate in Kolkata
Silver Rate in Vizag
Silver Rate in Jaipur
Silver Rate in Lucknow
Silver Rate in Mysore
Silver Rate in Trichy
Silver Rate in Delhi
Silver Rate in Ranchi
Silver Rate in Madurai
Silver Rate in Patna
Silver Rate in Ayodhya
Tips for Buyers in Hyderabad
- Check Purity: Look for the BIS Hallmark.
- Compare Rates: Check websites like ClearTax or BankBazaar to compare the silver gram rate today in hyderabad.
- Buyback Policy: Always ask the jeweler about their buyback terms if you plan to sell the silver later.
For the most accurate silver rate today in Hyderabad, keep refreshing our live price tracker
FAQs about Silver Price Today in Hyderabad
Q1. What is the silver rate Today in Hyderabad
Today Silver Rate in Hyderabad is Rs ₹295 per gram.
Q2. Does Lalitha Jewellery follow the daily market rate?
Yes, reputable jewelers like Lalitha Jewellery update their rates daily based on the market. However, always check the Lalitha Jewellery silver rate today specifically at the showroom for making charges.
Q3. What is the difference between 999 & 925 Silver?
999 silver is used for coins and bars. It is the pure silver form (99.9% purity)while 925 silver contains 92.5% silver and it is known as sterling silver. 925 silver is used for jewelry to make it durable.
Q4. Why is the silver price in Hyderabad different from the MCX price?
The MCX price is the paper rate for future contracts. The local silver price rate today in Hyderabad includes import duties, transportation, and local taxes.
Q5. How much GST is charged on silver?
A GST of 3% is applicable on the purchase of silver in India, plus any making charges if you are buying jewelry.
Q6. Is Silver a Better Investment Than Gold in Hyderabad?
If we look at the data from the last two years, the growth of silver has been nothing short of extraordinary. While gold has delivered solid returns of approximately 200%, silver has outpaced it significantly with a staggering 300% increase.