Today Silver Rate in Akola
- 100 Gram ₹14,229.00
- 10 Gram ₹1,422.90
- 1 Gram ₹142.29
Other Purities (/10g)
- 925 Sterling₹1,316.19
- 900 Coin₹1,280.61
- 800 German₹1,138.32
Rate calculator
30-Day National Trend (999 Silver)
Silver Rate in Major Cities
Welcome to Today Silver Rate, your go-to source for real-time silver prices in Akola. Whether you are a jeweller, investor, or silver enthusiast, we provide the most accurate and up-to-date rates for 999, 925, 900, and 800 purity silver in your city. Stay informed and make well-informed buying and selling decisions.
Live silver price updated according to market trends in Akola.
Silver Prices by Purity in Akola
Discover the latest silver rates for various purities in Akola. Our rates are updated continuously to reflect real market conditions.
| Silver Purity | Price per 10g (INR) | Price per 100g (INR) | Price per 1kg (INR) |
|---|---|---|---|
| 999 Silver | ₹ 1,422.90 | ₹ 14,229.00 | ₹ 142,290.00 |
| 925 Silver | ₹ 1,316.19 | ₹ 13,161.85 | ₹ 131,618.50 |
| 900 Silver | ₹ 1,280.61 | ₹ 12,806.10 | ₹ 128,061.00 |
| 800 Silver | ₹ 1,138.32 | ₹ 11,383.20 | ₹ 113,832.00 |
Understanding Silver and Its Significance in Akola
Silver has been valued for centuries due to its beauty, durability, and utility. Known as a precious metal, it is widely used in jewelry, coins, electronics, and industrial applications. In Akola, silver has cultural, economic, and investment significance. People buy silver for ornaments, rituals, gifts, and wealth preservation.
Silver Purities Explained
Silver is measured in purity. The most common purities are:
- 999 Silver: Also called pure silver, contains 99.9% silver. Ideal for investment and high-quality ornaments.
- 925 Silver: Known as sterling silver, contains 92.5% silver. Commonly used in jewelry due to added durability.
- 900 Silver: Contains 90% silver. Popular for coins and antique jewelry.
- 800 Silver: Contains 80% silver. Often used for utensils and decorative items.
Why People Buy Silver in Akola
- Cultural Importance: Silver is used in traditional ceremonies, weddings, and festivals.
- Investment: Many prefer silver coins and bars as a hedge against inflation.
- Industrial Demand: Silver is essential in electronics, solar panels, medical equipment, and photography.
Factors Affecting Silver Rates in Akola
- Global Market Trends: Silver prices on international exchanges like COMEX directly influence local rates.
- Currency Fluctuations: Changes in INR versus USD can make silver cheaper or more expensive locally.
- Industrial Usage: Higher demand in electronics or solar industries can push prices up.
- Festivals and Weddings: Seasonal demand for silver jewelry affects market rates in cities like Akola.
- Government Policies: Taxes, import duties, and regulatory policies impact the price of silver.
- Economic Stability: Investors tend to buy silver during times of uncertainty, raising local prices.
How to Invest in Silver in Akola
Investing in silver can be a smart way to diversify your portfolio. Here are the main options:
- Physical Silver: Bars, coins, and high-purity jewelry.
- Digital Silver: Buy and hold silver online through trusted platforms.
- Silver ETFs: Exchange-traded funds provide exposure without handling physical silver.
- Futures Trading: Commodity exchanges allow silver futures trading, but it carries risk.
Always check the current silver rate in Akola before making investment decisions, and consider factors like purity, storage, and resale options.
FAQs – Silver in Akola
1. What is the silver rate today in Akola?
The 999 purity silver rate today is ₹ 142,290.00 per KG. Other purities like 925, 900, and 800 are updated live as well.
2. How is silver rate calculated?
Rates are determined based on international silver prices, currency exchange, local demand, and taxes. Dealers may slightly vary prices depending on city or weight.
3. Which silver purity is best for buying in Akola?
For investment, 999 silver is ideal. For daily wear jewelry, 925 sterling silver balances purity with durability.
4. How can I buy silver safely in Akola?
Purchase from certified jewelers, bullion dealers, or trusted online platforms. Always check the latest rates before buying.
5. How to calculate price for different weights?
Multiply the rate per 10g by the number of tens of grams. Example: 50g of 999 silver costs ₹ 7,114.50.
Disclaimer
The silver rates displayed for Akola are collected from reliable sources and local bullion markets. Prices may vary slightly depending on dealer and location. This website provides information for educational purposes only and should not be considered financial advice. Users are encouraged to confirm rates with local dealers before making purchases or investments.