The silver a precious metal valued for its investment and industrial uses, varies depending on the state of the world economy. We’ll examine the current silver prices for various currencies in this piece, offering information that will be useful to both lovers and investors.
Silver Prices in Bangladesh
| Measurement | Purity | Price (৳) |
|---|---|---|
| Per Gram | 99.9% Fine Silver | ৳ 1,110 |
| Per Ounce | 99.9% Fine Silver | ৳ 34,980 |
Silver Price Table ( Today 25 Jan 2024 )
Silver Prices in Various Currencies
| Currency | Performance | 1 Ounce (31.10 grams) | 1 Kilogram | 1 Gram |
|---|---|---|---|---|
| Euro (EUR) | 0.87 | €20.87 | €670.99 | €0.67 |
| US Dollar (USD) | 1.34 | $22.75 | $731.43 | $0.73 |
| British Pound (GBP) | 0.85 | £17.84 | £573.57 | £0.57 |
| Swiss Franc (CHF) | 0.46 | CHF 19.63 | CHF 631.12 | CHF 0.63 |
| Australian Dollar (AUD) | 0.97 | A$34.46 | A$1,107.91 | A$1.11 |
| Canadian Dollar (CAD) | 1.42 | CA$30.67 | CA$986.06 | CA$0.99 |
| Chinese Yuan (CNY) | 1.28 | CNÂ¥161.20 | CNÂ¥5,182.70 | CNÂ¥5.18 |
| Indian Rupee (INR) | 1.27 | ₹1,890.62 | ₹60,784.84 | ₹60.78 |
| Japanese Yen (JPY) | 0.55 | ¥3,348.92 | ¥107,670.28 | ¥107.67 |
Analysis of Silver Price Trends
Key Observations:
- US Dollar (USD):
- With a performance value of 1.34, the USD showcases a relatively strong position, making silver priced at $22.75 per ounce.
- Indian Rupee (INR):
- The Indian Rupee exhibits a performance value of 1.27, translating to a silver price of ₹1,890.62 per ounce.
- Swiss Franc (CHF):
- CHF, with a performance value of 0.46, reflects a lower silver price of CHF 19.63 per ounce.
Implications for Investors
- Currency Impact:
- Investors should consider the impact of currency performance on silver prices when making cross-border transactions.
- Global Economic Conditions:
- Fluctuations in silver prices across currencies may indicate shifts in global economic conditions, influencing investment strategies.
- Diversification Opportunities:
- The varying silver prices in different currencies present opportunities for diversification, allowing investors to hedge against currency-specific risks.
In summary
Investors navigating the precious metals market must be aware of the current silver prices in various currencies. With the information in this piece, readers can make well-informed selections based on the most recent silver prices. See reputable financial sites and sources for up-to-date information and additional analysis.
