Today's Silver Rate per Kg
Silver price of Pondicherry - In 1st November 1954, the French possession of Pondicherry was de facto, but only in 1963, it became an integral part of India. This peaceful, picturesque city still bears prominent French cultural impact on its buildings and monuments, names of streets and public places, even in the spellings in billboards. The social and cultural practice of Pondicherry is a perfect blend of the Tamil customs and tradition of this region and lifestyle of the French colonist. There are two segments in the city; the French and the Tamil, the architecture and buildings mirror the lifestyles and customs of these people. The Pondicherry silver rate today is identical to the national and international price of silver.
The Current market price of silver
Silver price Pondicherry is INR 620 per10 gram. Rate of 1 kg silver in Pondicherry costs INR 61,220. Silver bullion is soaring day by day. Experts believe that this current bull trend will continue, and the support price will be around INR60, 000. The chaos the COVID19 caused in the economic situation worldwide is the driving force behind one of the most ferocious rallies of gold and silver bullion.
Factors behind the rally
The pandemic COVID19 has opened a Pandora`s box on global geopolitical situation and propelling the continues upswing of the price, and relentless investor demand of silver which perceive to provide shelter from the current turmoil. The silver price almost increased by 30% from the low traded in March. As investors fear more stringent lockdowns, exceptional stimulus package by different governments, major banks’ decision to print more paper currency to circulate more money in the economy, softening of the dollar against yen, and euro, and ongoing US-China trade war. They are taking more refuge in the safe haven of silver investment. The current perception of investment is fueling silver rate of Pondicherry today or aaj ka Chandi ka bhav Pondicherry or Pondicherry Chandi ka bhav.
All these factors have triggered the stagflation; a rare blend of slothful economy and inflation has battered the value of fixed-income assets. The real rate is plunging, and no immediate recovery is expected. Global investors perceive silver will warrant against stagflation. To protect your wealth from eroding start investing in silver by goggling aaj ka chandi ka bhav Pondicherry or aaj ka chandi ka bhav Pondicherry ka. Check Gold Price in pondicherry