Silver Price/Rate in Bangalore

Trend of Silver Rate in Bangalore for August 2025 (rates per kg)

Trend of Silver Rate in Bangalore for July 2025 (rates per kg)

Trend of Silver Rate in Bangalore for June 2025 (rates per kg)

Trend of Silver Rate in Bangalore for May 2025 (rates per kg)

Trend of Silver Rate in Bangalore for April 2025 (rates per kg)

Trend of Silver Rate in Bangalore for March 2025 (rates per kg)

Trend of Silver Rate in Bangalore for February 2025 (rates per kg)

Trend of Silver Rate in Bangalore for January 2025 (rates per kg)

Silver as an Investment in Bangalore

Silver has gradually increased its share in the local commodities market. Silver generally offers good returns and the metal can be readily sold any time a person wants to, as there is a good demand for the metal and it offers good resale value. 

Physical silver - Physical silver encompasses categories such as bullions including bars and ingots, jewelry and ornament, silverware and other utensils, and coins, among others. Silver is also a pretty popular gifting item, and sees a seasonal spike in sales during festivals and marriage seasons. Jewelry stores sell silver at a premium over market prices due to workmanship and other costs in designing the pure metal.

Bullion dealers offer the cheapest option for silver rates in Bangalore, however they generally sell silver in larger quantities, which can be expensive and call for a greater level of safety on investments. Coins are available in different purities and can be purchased from a variety of places including banks.

Silver contracts - Silver contracts in the city can be purchased from the national commodities exchanges including NCDEX and MCX. Out of these MCX is recognized as a global silver trading market and is quite popular in and out of the country. Contracts are available for base quantities of 1kg of silver and at purities of 999 and 995 parts per thousand.

Factors Affecting Price of Silver in Bangalore

Numerous variables that have an everyday impact on the price of silver are used to determine silver rates. These variables range from related expenses to even global and domestic inflation. These factors' specifics are described below 

1. Gold prices - The price of gold also influences the price of silver. The commodity market includes gold and silver, and the price of each metal varies every day. When it comes to market trends, gold and silver prices typically move in lockstep and are rising, as they are now. With a rise in gold prices, silver prices will undoubtedly rise as well. 

1. Demand - The main factor affecting silver's rate is its demand. Both private and business or industrial demand for silver is included in this demand. The total demand for silver, including demand for coins, bars, jewellery, and household goods, is taken into account. While the demand for silver at the individual level is in smaller or retail quantities, the demand for silver in industry is in bulk. 
2. Ancillary cost - The ancillary or associated costs related to the acquisition as well as in later phases of refining or storage of this precious metal are a significant element impacting the price of silver. These expenses come in many forms, including mining, import, storage, warehousing, marking, and other charges being some examples. The demand for silver has a direct impact on these prices. Such auxiliary expenses will rise along with the rise in silver demand, ultimately driving up the price of silver. 
3. Inflation - Another element that may have an impact on silver prices is the rate of inflation in any given nation. A nation's inflation rate rising will inevitably result in higher silver prices. The price of silver increases nationwide as a result of rising inflation, including in India. 
4. External factors - The geopolitical situation, government policies, import and export policies, crude prices, dollar movements, etc. are examples of external factors that affect the silver rate. 

What is the Mandatory Checklist for Buying Silver in Bangalore?

The following is mandatory checklist for buying silver in Bangalore:

Purity of silver - The Bureau of Indian Standard (BIS) hallmarks Silver jewelry and other products to validate the authenticity of the silver item. Buyers must check for the BIS logo before buying silver in Bangalore to ensure the purity level of silver.

Buy-back policy - Ask the seller about the buy-back policy to avoid unnecessary expenses. This will benefit the buyer to sell off their silver item to the same seller for the silver purchased.

Making charges - Making charges is the price quoted by the jewelers above the total price which increases the final cost of the silver product. The making charges on silver generally starts from 3.00%, hence, make sure to opt for a seller who offers at a minimum making cost.

Gemstone on silver jewelry - If the silver jewelry has gemstone studded on it, make sure to weigh the silver item without and with the gemstone on it to get the actual weight of the silver so that you are priced in the wight of gemstone in the price of silver.

Why is Silver Demand on the rise in Bangalore?

The silver demand has increased in Bangalore due to the gold price hike over the past few years. Bothe gold and silver are considered as a hedge against inflation, but latter is much more affordable that the yellow metal.

People have switched from imitation jewelry to silver ornaments, which makes this a great investment option. An individual can also buy silver from the futures market, thereby increasing the demand for silver in Bangalore.