The city is renowned as a 'Temple Town' due to the abundance of temples in the area, and it is well-known for its Mahamaham festival, which takes place every 12 years and attracts visitors from all over India.
₹ 1▼
Gram | Today | Yesterday | Price Change |
1 gram | ₹ 136 | ₹ 137 | ₹ 1▼ |
1 kg | ₹ 1,36,000 | ₹ 1,37,000 | ₹ 1,000▼ |
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) |
*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.
Kumbakonam is a city located in Tamil Nadu. It is surrounded by the Kaveri River to the north and the Arasalar River to the south.The concept of purchasing silver as a marketable and investable commodity is gaining traction.
With easy access to real-time silver rate today, fluctuations, and news, an increasing number of individuals are realising that investing in silver in Kumbakonam may bring income and profits if done correctly.
Also, Check - Silver Rate in Tamil Nadu
The following are the various forms of silver that can be purchased in Kumbakonam:
Silver coins
Silver bars
Silver household objects
Silver can be purchased at Silver Exchange Traded Fund (ETF) and futures exchange in Kumbakonam.
Here is the significant point that should be remembered before purchasing silver in Kumbakonam:
Silver rates fluctuates almost daily basis, so it is vital to track the daily silver prices
Check the weight of the silver item excluding
Consider the making charges before making an investment
Look for a certified seller to ensure the authenticity of the product
Make sure to look for the necessary certifications, such as:
BIS mark
Manufacturer’s identification mark
Assey’s Identification mark
Year of making
The following are the factors that impact the silver rates in Kumbakonam:
Increase or decrease in demand and supply ratio influences the silver rate
Change in oil rates also influences cost of silver
Silver rate is also triggered by the increased demand in silver consumption as a commodity
Increase in gold rate influences silver prices
Inflation and fluctuation in dollar value affects the silver prices
Silver rate is also affected due to any change in the rate of import duty
There are mainly three types of contracts for trading silver in MCX, which are Silver Mini (SILVERM), Silver 1000 (SILVER 1000), and Silver Micro (SILVERMIC).
Silver coins are available in various sizes, 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 that can be purchased from the bank or certified jewelers.
Yes, it is essential to purchase hallmarked silver jewelry to ensure the purity and authenticity of the silver item.
No, the silver price is not the same across the country. The GST (Goods and Services Tax) rates and local taxes that are imposed on the silver price vary from one state to another state, which results in the variation in the silver prices.
Yes, you can test the purity of silver at home through various tests such as magnetic test, ice test, ring test, and many more.
Silver categorised into four types depending upon the 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%.
Silver is a mush preferred option for investment over gold due to affordable cost, as gold is costlier than silver. Silver also acts as a hedge against inflation, moreover, silver's value does not drop easily even if the dollar loses its value. Storing silver is also easier, as e-silver is theft proof, and hence, making silver one of the most preferred investment options.
Yes, you must pay GST on silver items at a rate of 3.00% over the silver item.
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