Silver Price/Rate in Akola
05 Sep 2025
Today's Silver Rate in Akola
₹ 1▼
Silver Rate in Akola (Today & Yesterday)
| Gram | Today | Yesterday | Price Change |
| 1 gram | ₹ 136 | ₹ 137 | ₹ 1▼ |
| 1 kg | ₹ 1,36,000 | ₹ 1,37,000 | ₹ 1,000▼ |
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Silver Rate in Akola for Last 10 days
| Date | Price |
| 05 Sep 2025 | ₹ 136 |
| 04 Sep 2025 | ₹ 137(0) |
| 03 Sep 2025 | ₹ 137(0) |
| 02 Sep 2025 | ₹ 137 |
| 01 Sep 2025 | ₹ 136 |
| 31 Aug 2025 | ₹ 134(0) |
| 30 Aug 2025 | ₹ 134 |
| 29 Aug 2025 | ₹ 131 |
| 28 Aug 2025 | ₹ 130(0) |
| 27 Aug 2025 | ₹ 130(0) |
Silver Rate Weekly Comparison
*Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.
Silver Rate in Akola
Akola is the tenth largest city in Maharashtra which is popular for the Akola fort, grassland, and temple. Like other cities of the state, silver is popular among the residents of the state when it comes to investment in any form of metal.
Most people find it a great alternative to other investment instruments such as mutual funds, stock markets, and others. Silver is an affordable option over other precious metals and has a lesser risk factor compared to other metals. Here are more details about the current price of silver in Akola and the trend of the silver rate in the city.
Silver Investment Options in Akola
There are various silver investment options in Akola as people prefer investing in this metal over other metals due to its affordable price and lower risk level.
Here are the investment options of silver in the city:
Silver Jewelry - People in Akola consider silver as a popular gift item on various auspicious occasions. Moreover, silver ornaments have been in tradition in most of the Maharashtrian cities and hence, it has been a great investment option.
Silver household objects - Not only jewelry, but silver is also invested in, in the form of household objects, such as utensils, lamps, and many other artifacts.
Silver coins and bars - People can also invest in silver in the form of coins or bars. These can be purchased from any banks or trusted retail stores present in the city. People investing in this form of silver or any other can liquidate the metal and convert it into cash as per requirement.
Where to Purchase Silver from in Akola?
The following are the two main source of purchasing silver:
Silver Exchange Traded Fund (ETF) - Silver can be purchased from Silver ETFs, but currently due to the closure of National Spot Exchange, there are no Silver ETFs in Akola. Customers can invest in Silver ETFs listed under the US market by opening an account with a stockbroker.
Futures Exchange - Silver can also be invested in through Futures Exchange, provided the investors are ready to invest in higher contract sizes. Investors will have to pay some additional charges such as brokerage cost, stamp duty, and others.
Factors that Impact Silver Prices in Akola
The following are the significant factors that affect the cost of silver in Akola:
Industrial demand - The worldwide demand for silver is mostly made up of industrial demand for the metal in various sectors such as medical, electronics, nuclear reactors, and various others. The rise in demand for the metal triggers the price of silver.
Investment demand - Just the way investment demand triggers the price of yellow metal, silver also records an increase in prices due to rising investment demand but not as much as gold.
Import cost - To meet the rising demand for silver, the majority of metal is imported into the country, as a result import duty is imposed on the overall silver cost. The rise in the import duty fluctuates the price of white metal.
Demography - The demography also impacts the silver rates. If a place lacks natural source of silver, then a huge quantity of silver is imported. This eventually results in additional costs that are added to the silver price resulting in an increase in silver rates.
International issues - International issues such as wars or any conflicts eventually raises the prices of silver in the international market that impacts the silver rates in the country.
Dollar value - Any fluctuation in the value of dollar impacts the value of Indian currency, which in turn affects the price of silver.
Inflation - Silver is considered as a hedge against silver, and hence, when the price of other commodities rises along with interest rates, silver rates get affected. People prefer investing in long-term plans and silver becomes a great alternative to gold due to its affordability.
Read More on Silver
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- Amazing Facts About Silver
- Global Demand and Silver Rates in India
- How to Find Certified/Authentic Silver
- Need for Silver as an Industrial Commodity
- Silver - Poor Man's Gold
- What Will Happen To Silver Prices In Five Years?
- Lustre Regained by Silver Miners, Good Time to Invest in Silver?
FAQs on Silver Price in Akola
- What are the various purity levels of silver in Akola?
Silver is available in four types of purity levels such as fine or pure silver, Brittania, Sterling silver, and jewelry silver which has purity percentages of 99.9%, 95.8%, 92.5%, and 80%.
- What are the points to consider before purchasing silver in Akola?
Some of the major points to consider before purchasing silver in Akola are the silver rates, certified sellers, weight of the metal, and certifications. Researching the daily silver rates before purchasing any silver item is vital as the cost of the white metal fluctuates almost on a daily basis. Decide what material you want to purchase before making an investment and track the market trend to determine the price.
- What are the important certifications that are to be checked before purchasing a silver item?
The important certifications that should be checked before purchasing any silver item are BIS (Bureau of Indian Standard) mark, Assay center's identification mark, manufacturer's identification mark, year of making, and purity of the metal.
- Should I purchase silver coins or bars?
Yes, you can purchase silver coins or bars as these can be easily found in banks or any retail stores. These can be purchased in any size and enable customers to liquidate whenever required.
- What are the various size options available for silver coins in the market?
Silver coins are available in various size options in the market such as one gram, 2 grams, 5 grams, 10 grams, 15 grams, 25 grams, 40 grams, 50 grams, 100 grams, 200 grams, 500 grams and 1000 grams or one kilogram.
- Is the silver price the same across the country?
No, silver price is not the same across the country. Local taxes and import duty imposed on the silver rates vary from one state to another, which eventually results in a difference in silver rates across the country.
- Can I test silver purity at home?
Yes, purity of silver can be tested at home through various tests such as magnetic test, ice test, and many more.
- What are the differences between pure silver and sterling silver?
The purity pure silver and sterling silver level is the main difference between both. Pure silver is 99.9% pure, due to which it is too soft, and other metal to be added to increase its strength. While sterling silver is 92.5% pure and 7.5% of other metal such as copper is added to enhance durability.
- Why is it essential to purchase hallmarked silver ornaments?
Yes, it is essential to purchase hallmarked silver ornaments to ensure the purity of the silver, as hallmark is used as a seal.
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