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What was the rate of silver in 2011?
| Year | Gold Rates in Rs./10 gram (Standard 24 carats) | Silver Rates in Rs./Kg. |
|---|---|---|
| 31.03.2013 | 29610 | 54030 |
| 31.03.2012 | 28040 | 56290 |
| 31.03.2011 | 20775 | 56900 |
| 31.03.2010 | 16320 | 27255 |
Why was silver so expensive in 2011?
When the short-term risks were believed to have subsided, many investors reallocated their assets back into yielding (dividend or interest) investments such as stocks or bonds. The 2011 United States debt ceiling crisis was a major factor in the rise of silver prices.
How much is a silver troy ounce worth?
Unit conversion for Silver Price Today
| Conversion | Silver Price(Spot) | Price |
|---|---|---|
| 1 Troy Ounce ≈ 31,10 Gram | Silver Price Per 1 Gram | 0.71 USD |
| 1 Troy Ounce ≈ 0,031 Kilogram | Silver Price Per 1 Kilogram | 707.96 USD |
| 1 Troy Ounce ≈ 1,097 Ounce | Silver Price Per 1 Ounce | 20.07 USD |
What was the highest price of silver in the last 10 years?
Silver Price in USD per Troy Ounce for Last 10 Years
| Current Price | $22.37 |
|---|---|
| 10 Year High | $37.23 |
| 10 Year Low | $12.01 |
| 10 Year Change | $-10.27 (-31.46%) |
What was the highest spot price for silver?
Historical silver price action. Silver hit US$48.70 per ounce, the highest silver price to date, towards the end of the 1970s.
What was the highest price of silver in 2011?
2011 Silver Price Record High over $49.50 oz USD on April 28, 2011 The all time record silver price was hit on April 28, 2011 with Silver spot prices exceeding $49.50 oz intraday. Only about 4 months later, an all time record gold price was also reached after US debt was downgraded.
How many ounces are in a regular ounce of silver?
An ounce is not a “regular” ounce when paying the spot on Silver price. When Americans refer to ounces, they generally are referring to avoirdupois ounces. The price of Silver per ounce is always measured in troy ounces, which are equal to 1.09711 avoirdupois ounces. One troy ounce equals 31.1035 grams.
What is the all time record silver price?
The all time record silver price was hit on April 28, 2011 with Silver spot prices exceeding $49.50 oz intraday.
Where can I find information on the silver price?
You can access information on the Silver price in British Pounds (GBP), Euros (EUR) and US Dollars (USD) in a wide variety of time frames from live prices to all time history. The default representation of Silver price is usually in Troy Ounces, but above we give the option to show Grams and Kilograms as well.