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Investing in precious metals such as gold and silver is one of the ideal ways to prepare yourself for any future uncertainties. Although not similar in terms of investment value, both gold and silver act as a hedge against inflation or economic downturn.
One of the many Indian states viewing silver as a mainstream metal is the pink city, Jaipur. Traditionally, purchasing silver for investment purposes was not common in the capital city of Rajasthan. However, silver has now become a tradable commodity due to its increasing market value.
This is evident from Jaipur’s silver price today. If you check the latest silver rates, you can find that the silver price today in Jaipur is ₹94 for one gram of silver. That said, here’s a brief overview of silver rates and factors affecting the current silver price in Jaipur.
Given below is an overview of today’s silver price in Jaipur for various quantities.
Weight |
Silver Rate in Jaipur |
|---|---|
1 Gram |
₹99.90 |
10 Grams |
₹999 |
100 Gram |
₹9,990 |
1000 (1Kg) |
₹99,900 |
Disclaimer: The above details mentioned are as of April 14, 2025, and are subject to change.
Given below is an overview of the silver rate in Jaipur for the last three days.
Date |
10-Gram Silver Price in Jaipur |
100-Gram Silver Price in Jaipur |
1 Kg Silver Price in Jaipur |
Change in Silver Rate in Jaipur Per Kg |
|---|---|---|---|---|
April 14, 2025 |
₹999 |
₹9,990 |
₹ 99,900 |
- ₹ 100 |
April 13, 2025 |
₹ 1,000 |
₹ 10,000 |
₹ 1,00,000 |
0 |
April 12, 2025 |
₹1,000 |
₹10,000 |
₹1,00,000 |
0 |
Similar to gold, silver rates fluctuate based on the demand and supply cycle in combination with several other economic factors. Having a thorough knowledge of these factors can help you make informed decisions.
Given below are a few factors affecting the silver rate in Jaipur:
US Dollar
The US Dollar pricing has a great impact on the silver rate. As this is one of the leading global currencies, the silver price maintains an inverse relationship with that of the dollar.
Simply put, when the dollar rate is high, the price of silver reduces, and when the US dollar weakens, the silver rate appreciates. Hence, most investors track US Dollar fluctuations to gauge the increase or decrease in silver rates.
This helps you invest in silver at the right time by getting the best deal on the silver price. So, keep a close tab on US dollar rates to understand today’s silver rate in Jaipur or any other Indian city, for that matter.
Demand and Supply Chain
This is one of the most essential factors affecting silver rates throughout the country. Like gold, the supply and demand equation for silver is valuable because there is a constant demand for the metal.
However, the supply is limited, and this trend of increase or decrease in demand and supply may cause fluctuation in silver rates. If the supply increases significantly, you may see a decline in the rate of silver.
Conversely, if there is a dearth in the production of silver, the prices increase as supply is falling short of demand. There can be a higher demand when silver is used innovatively. For instance, using silver in solar panels can create a stir among investors and increase the buying trend.
Hence, as the demand goes up, so do the silver prices across the nation.
Economic Conditions
When the market economy is excellent, there is a higher investment in precious metals such as gold and silver. However, when it stagnates, these metals are the first ones to get affected.
Economic health plays a critical factor in affecting silver prices. Hence, keeping a close tab on the overall economic trends can help you assess the rates of precious metals such as gold and silver.
Inflation
While gold and silver can provide a hedge against inflation, have you ever wondered about the reason for their growing popularity? One of the most popular reasons is that both these precious metals can retain their purchasing power and reduce the loss even when there is a decline in the value of the currency.
Given this, you may witness a hike in the current silver price in Jaipur and throughout the country, even during inflation.
Rate of Gold
The gold rate has a major say in the price of silver as well. When gold rates decrease or increase, the silver price also follows similar trends. Though gold and silver are considered safe havens for investors, the usual norm is that silver price follows the gold rate trend.
Interest Rates
The interest rate depicts the overall market scenario. The relation of the silver rate is inversely proportional to the interest rate, similar to the dollar-silver price relation.
Hence, when interest rates decrease, there is an increase in the silver rate in Jaipur and across India. Since investing in silver is seen as a long-term investment, the interest rate has an inverse relationship with the price of silver.
Government Policies
Another discerning factor affecting the silver price today in Jaipur and other states throughout India is the policies and actions laid out by the government. While the yellow precious metal is used as a reserve, silver is used for transactions.
For instance, central banks across the world sell and buy silver bullion. Any change in guidelines or policies by the Reserve Bank of India has an impact on the price of silver. In case there is a rate change in import duty, the price of silver gets affected.
This is mostly because silver is imported to India.
Yes, you must pay a GST of 3% when you buy silver in Jaipur or any other state in India.
Investing in silver is a good option to diversify your portfolio. On comparing the silver price today in Jaipur and the last 10 days, you can rest assured that this is expected to increase in the coming years. This can help you generate returns, with proper investing.
There are numerous ways of investing in silver. You can invest in silver bars and coins or trade through the commodity market using silver futures and e-silver. Always check the silver rate in Jaipur and other states before you invest in this precious white metal.
You can easily test the silver purity using a magnet. If the silver does not get attracted to the magnet, your silver is pure. While it is important to check the current silver price in Jaipur and other states before purchasing silver, checking its purity is also equally important.
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