Silver Price/Rate in Madhya Pradesh

Silver as an Investment

For many consumers in Madhya Pradesh, silver or 'poor man's gold' is a valuable precious metal which is an effective hedge against overall inflation.

Silver bars and coins are the most popular forms of investment. several jewellery exhibitions are regularly held across Madhya Pradesh offering a wide variety of traditional jewellery designs and customised pieces.

Physical silver - Silver in Madhya Pradesh is much sought-after in the form of 1 kg bars and coins. Various forms of silver jewellery, including but not limited to, temple jewellery besides artefacts are widely sold and bought.

Silver articles meant for auspicious occasions is also popular in addition to intricate and antique silverware among others.

Silver contracts - Customers can trade in Multi Commodity Exchange, National Commodity & Derivatives Exchange and National Spot Exchange. Customers can choose from various sizes of contracts on MCX and can benefit from low impact costs.

MCX Silver futures contract December 2015 fell by 8.25% to Rs.33,480 per kg in November.

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

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

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

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

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

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

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

Trend of Monthly Silver Rate in Madhya Pradesh for January 2025 

1. In the state of Madhya Pradesh, the price of the precious white metal stood at Rs.98,000 per kg on the first day of the month, marking the opening rate of the metal in the city for the month of January 2025. 

1. Over the course of the month, the rates of the precious white metal witnessed considerable fluctuation in its rates, thereby resulting an overall increase in the performance of the white metal in Madhya Pradesh. 

1. At the end of the month of January 2025, the price of the precious white metal increased in its value and stood at Rs.107,000 per kilogram in the state of Madhya Pradesh on 31 January 2025, which marks the closing rate of silver. 

1. In Madhya Pradesh, the highest price point achieved for the precious white metal for the month of January 2025 was recorded on 31 January 2025 when one kilogram of the precious white metal was sold at the rate of Rs.107,000.  

1. On the other hand, the lowest recorded price of silver in 2025 was Rs.98,000 per kilogram, which was observed on 1 January 2025, in the state of Madhya Pradesh. This price drop could be attributed to various factors, including fluctuations in global silver prices, local demand and supply dynamics, and market trends during the period. The decline in silver rates on this particular day may have been influenced by reduced industrial demand, changes in import duties, or shifts in international bullion markets.  

1. The percentage change recorded for the precious white metal was 9.18% for the month of January 2025 in Madhya Pradesh after considering significant changes in the overall performance of the silver prices in the city for the month. 

What are the important points that should be considered before purchasing silver?

The following are the points that should be checked while purchasing silver:

1. The Bureau of Indian Standards (BIS) mark on silver, which was adopted in 2005
2. Purity or fineness which is of 9999
3. Assay center's identification mark

1. Jeweler's or the manufacturer's identification mark
2. Hallmarking center's identification mark or number

Read More on Silver