Silver Price/Rate in Uttar Pradesh (UP)

The overall performance of the bullion has switched between incline and decline.  

Factors Influencing the price of Silver in Uttar Pradesh

As mentioned above, constant change in the price of silver is witnessed due to a number of factors. Those are listed below:

1. Price of gold
2. Crude oil rates
3. Fluctuations in demand
4. Fluctuations in dollar price
5. Inflation
6. Geo-political reasons
7. Government policies
8. Mining, Import, and Storage costs

Trend of Silver Rate in Uttar Pradesh for July 2025 (rates per kg) 

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

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

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

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

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

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

Trend of Monthly Silver Rate in Uttar Pradesh for January 2025 

1. In the state of Uttar Pradesh, the cost of precious white metal was recorded at Rs.98,000 per kilogram on 1 January 2025, establishing the opening rate for the metal in the state for the month of January. This initial price reflects the prevailing market conditions at the beginning of the year, influenced by various factors such as global silver prices, currency exchange rates, and local demand and supply trends 

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 Uttar Pradesh. 

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

1. In Uttar Pradesh, 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 other hand, the lowest recorded price of silver in 2025 was Rs.98,000 per kilogram, which was observed on 1 January 2025, in the state of Uttar Pradesh. This price drop could be attributed to various factors, including fluctuations in global silver prices, local demand and supply dynamics, and market trends during the period. The decline in silver rates on this particular day may have been influenced by reduced industrial demand, changes in import duties, or shifts in international bullion markets.  

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

Silver as an investment in Uttar Pradesh (UP)

Investing in silver is considered safe, primarily because its demand hasn't diminished over the years, and with limited production, there is always scope for the white metal to grow. In Uttar Pradesh, silver is considered auspicious, thereby making it an investment option plus an integral part of their way of life.

The fact that silver is cheaper than gold makes it affordable to the larger population, especially the middle and lower sections of society. Individuals keen on expanding their investment can choose from two options, physical silver and silver contracts/futures.

Physical silver - Physical silver, i.e. jewellery and coins/bars, are the most popular mode of owning silver in UP. These can be purchased across the state, with jewellers catering to different budgetary requirements. Owning silver in this form is integral to the concept of family bonding, with items passed from one generation to another, leaving behind a rich legacy.

While most jewellery isn't purchased with the intention of an investment, it can help one during a fund crunch, offering liquidity. Silver coins and bars, however, are a smarter investment decision, thanks to their purity. Coins purchased from banks tend to be costlier on account of quality checks and purity assurance.

Silver contracts - Silver contracts are yet to gain popularity in Uttar Pradesh, with people viewing them as complicated offerings. In their nascent stage, one can indulge in silver trade through the National Multi Commodity Exchange, Multi Commodity Exchange and the National Commodity and Derivatives Exchange.

Sound information about the functioning of these markets could help one gain immensely, whereas a lack of awareness could put your investment at risk.

Benefits of Buying Silver in Uttar Pradesh (UP)

Given below are the benefits of buying silver in Uttar Pradesh:

1. A physical safe asset is silver. It can be used in a wide range of situations. Additionally, other sectors demand silver. Probably ,there could soon be a silver scarcity. Silver is actually required, although gold is wanted. Due to this paradigm shift in the supply-demand equation for silver, investors are increasingly favouring this metal.
2. When compared to other forms of investing, silver is affordable. If you're an average investor, this is one asset that you can readily use to protect yourself from financial crises and is also reasonably priced.
3. Silver will always be necessary and, that day will never come. It will be used to make electronics and jewellery, among other things. Everyone, from the average citizen to celebrities, wants silver. Furthermore, the price of silver will always move in the opposite direction whenever the value of the currency changes.

What are the Various Purity Levels of Silver that are Available in Uttar Pradesh? 

The following are the purity levels of silver that are available in Uttar Pradesh market: 

1. 9999 (999.9) 
2. 9995 (999.5) 
3. 999 (999.0) 

1. 990 (990.0) 
2. 970 (970.0) 
3. 925 (925.0) 
4. 900 (900.0) 
5. 835 (835.0) 

1. 800 (800.0) 

What are the factors affecting Silver Rate in Uttar Pradesh? 

The following are the factors which affect silver rate in Uttar Pradesh: 

1. Supply and Demand - The demand and supply point is one of the major factors which impact the silver prices in Uttar Pradesh. An increase or decrease in the demand as well as supply ratio of the precious white metal will result to the increase in the rate of silver. 
2. Industrial Demand - As Uttar Pradesh is heading towards industrialization, the demand of silver in the form of a commodity has eventually increased which caused an increase in the silver price. 
3. Oil prices - Silver mining is a time taking process which directly impacts the change in the prices of oil. On the other hand, imported silver needs a strong logistics system which is supported by a continuous supply of oil. In case there is a change in oil price, silver price will also get affected. 
4. Import Duties - We all know that silver is a commodity is imported in Uttar Pradesh. If there is any change in the import duty, the rate of the precious metal will be affected. For instance, a high import duty results in the sudden surge in the silver price. 
5. Gold rate - The precious white metal follows the same trend to that of the precious yellow metal. If there is a surge in the demand of gold price of the metal will eventually increase. Similar, if there is spike in the demand of silver, the price of silver will surge and vice versa. 
6. US Dollar Fluctuation - The rates of silver are inversely affected by the US dollar index. In case there is a weakening of USD, it will lead to the surge in silver prices and vice-versa. 
7. Inflation - Precious metals such as silver and gold are the preferred metals which offer a hedge against inflation. If there is an inflation in an economy, the silver rate will also increase. 
8. Investors’ interest - Silver is frequently regarded as a safe-haven investment, particularly in difficult economic times. Demand and prices may rise in response to heightened investor interest or a change in market sentiment. 
9. Economic Conditions -  Global economic conditions, including recessions and growth, can have an impact on investor confidence and the industrial demand for silver. 

Why Should you Invest in Silver in Uttar Pradesh? 

The following are the reasons on why you should invest in silver in Uttar Pradesh: 

1. Silver is always in demand - The precious white metal is always in demand by the industrial sectors which need it for production. This gives investors a reason to invest in silver. 
2. Market Situation - During weddings and festive seasons, the demand of the precious white metal goes up due to which the price of the metal also surges. This is the main reason why silver is considered a good investment option as investors can sell the metal at comparatively higher price. 
3. Demand v/s supply - Due to the increasing demand of silver, the availability of metal keeps on dropping. This means that in the coming year, it will become difficult for the investors to invest in this precious metal. Thus, unstable or inappropriate supply and demand ratio can result into spike in the silver rate which can put the investors in a good financial position. 
4. Silver is cheaper than gold - Price of silver is cheaper as compared to gold and hence the investors can purchase the metal at bulk quantities. 
5.  Best during emergency -  The precious white metal is proven to be helpful during emergencies. If the value of the currency loses, silver value will increase. On other hand, in case of financial stress, investors can sell the precious white metal to cover the loss. 

1. Easy Storage - You can now store silver with ease and not worry about it being stolen or lost due to the advent of e-silver products. 

How to Buy Silver in Uttar Pradesh? 

The following are the tips on what you should keep in mind before purchasing the precious white metal: 

1. Purity of Silver - Silver jewellery is hallmarked by the Bureau of Indian Standards (BIS). While purchasing the precious white metal, it is important to look for four signs fineness/ purity grade, BIS logo, hallmarking centre’s number/ identification mark, and jeweller’s identification mark. 
2. Beware of German Silver - Many times, investors confuse German silver as sterling silver. We all know that sterling silver is made of pure silver along with other allows. On the other hand, German silver is made of brass and copper with silver polish. 
3. Know the Content Besides Silver - Zinc or copper is mixed to silver in order to improve the durability. So, it is advisable to ask the jeweller about the same. Apart from this, in many cases silver jewellery is adorned with gemstones. So, you need to ensure that your jeweller has not added the weight of these gemstones in the silver rate. 
4. Consider the making charge - If you visit the store of your family jewellery, you can be rest assured that the making charge will be less. You have to compare the making charges at various jewellery stores in order to know the current market rate is. 

Options of Investing in Silver

You can invest in silver by the following ways:

Silver ETFs  -  Exchange-traded funds, or silver ETFs, are predominantly invested in hard silver assets. These funds are composed of bundled assets from third parties and are exchanged on a stock exchange.

You might receive the value based on how the assets perform. An ETF for silver that is formed around either a specific amount of silver or a group of billion-dollar assets basically tracks the market price of silver. This is the ideal way to own and trade silver if you desire high liquidity and are having problems with the actual asset.

Bullion  -  It is one of the most well-liked methods of silver investment. The concept is straightforward, all you have to do is buy silver in bulk. You now own the asset, and when you decide to sell it, you can do so by exchanging it for its equal at the going rate. It will typically be a negative dealer commission.

Nowhere will you be answerable to a third party, and you will be fully responsible for the storage, insurance, etc. Nevertheless, you will be in a position where you are susceptible to market volatility but always have the choice to sell the silver as soon as you believe the market will give you the best price based on your decision.

Silver Production and Funds  - To invest in silver through mutual funds and equities, you must first locate mining companies or businesses that use silver in their manufacturing or distribution processes.

It should be noted, nonetheless, that the stocks follow the market valuation of silver despite the fact that its value extends beyond supply and demand. Now, since it is dependent on potential liabilities connected to the business, it may be more dependable and predictable than pure silver.

What are the Points to Consider Before Purchasing Silver in Uttar Pradesh?

The following are the points that you should remember before buying silver items in Uttar Pradesh:

1. Check the ongoing silver rate in the city, as the price of white metal fluctuates almost daily 
2. Check the weight of the silver, excluding the weight of a stone, if any , to determine the actual price of the silver 
3. Look for a jweler who charges an affordable making cost on the overall price of the silver 
4. Check whether the silver item has the necessary certification marks 

What are the Markings that You Must Look for in Silver? 

The following are the markings that you must look for in the silver item: 

1. Purity Grade Indicator 
2. Assay Centre’s identification mark 
3. BIS (Bureau of Indian Standards) Mark 
4. Jeweler’s or Manufacturer’s Identification Symbol 
5. Marking Year 

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