Silver Price/Rate in Nagpur Today

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

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

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

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

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

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

Trend of Monthly Silver Rate in Nagpur for January 2025 

1. In Nagpur, 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 Nagpur. 

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 Nagpur on 31 January 2025, which marks the closing rate of silver. 

1. In Nagpur, 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 contrary, the lowest price point of the precious white metal was recorded at Rs.98,000 per kilogram, which was observed on 1 January 2025 in the city of Nagpur. 

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

Silver as an Investment

According to experts, demand for silver to make jewelry has, by and large, remained constant at around 20 million ounces a year for the past four to five years. Also, around 25 million ounces of silver has been bought in the country for investment in the past few years. In India, including Nagpur, silver is preferred for its beauty. According to recent estimates, about 25% of the overall silver demand every year caters to silverware alone.

Jewelry - Many investors consider buying silver in the form of jewelry more expensive compared to buying coins. Jewelry comprises making charges (10 per cent and above), melting charges (15 per cent or above while selling), which can prove to be more costly.

Coins - According to experts, silver coins bought from banks are more expensive in that they include packing charges and a certificate. Also, jewelers charge levy casting charges in addition to sales tax.

ETFs - There are no silver ETFs offered in the country. You cannot buy silver in the electronic spot market either. However, you can buy silver ETFs in the US market. Towards the end, you have open an account to invest in global stock markets.

Silver Price Trends in Nagpur

One gram of Silver is currently pegged at Rs. 37.45 in Nagpur. Silver rates in Nagpur have plummeted in the past few months with one gram of silver costing Rs. 38.75 in the month of May. Silver rates in Nagpur have been witnessing fluctuations in that one gram of silver was pegged at Rs.37.95 in the month of April and Rs. 37.85, Rs. 37.95 and Rs. 40.05 in the months of March, February and January respectively this year.

Where do I Buy Silver in Nagpur?

Nagpur has several silver showrooms such as Bhatukbhai Sons, Londhe Jewellers, Pushpalata Jewellers, Shree Krishna Jewellers, Kusum Jewellers, Arun Jewellers and Parekh Bros among many others. While most jewelers in Nagpur do not differ widely in terms of silver rates, you can reduce the other ancillary costs or charges.

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