Silver Rate in Ahmedabad Last Updated : 28 Jan 2022

  • Today's Silver Rate In Ahmedabad ( 28 Jan 2022 )

    ₹ 66.3
    Today's Silver Rate per gram

    Compare Silver Rate In Ahmedabad (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Silver (1 gram) ₹ 66.3 ₹ 67.7 ₹ -1.4 ↓
    Bar Silver (1 Kg) ₹ 66,300 ₹ 67,700 ₹ -1,400 ↓

    Silver Price In Ahmedabad For Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    28 Jan 2022 ₹ 66.3 ₹ 66,300
    27 Jan 2022 ₹ 67.7 ₹ 67,700
    26 Jan 2022 ₹ 68.5 ₹ 68,500
    25 Jan 2022 ₹ 68.4 ₹ 68,400
    24 Jan 2022 ₹ 68.8 ₹ 68,800
    23 Jan 2022 ₹ 69 ₹ 69,000
    22 Jan 2022 ₹ 69 ₹ 69,000
    21 Jan 2022 ₹ 69.3 ₹ 69,300
    20 Jan 2022 ₹ 68.8 ₹ 68,800
    19 Jan 2022 ₹ 67.3 ₹ 67,300

    Weekly & Monthly Graph of Silver Rate in Ahmedabad

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    *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.

    Silver Price in Ahmedabad

    In India, people who purchase silver do so without the express intention of using it as an investment, but rather as a form of a princely gift in the form of jewelry, or ornaments. The mindset of investing in silver in Ahmedabad is changing, however, as access to real time information on the fluctuations in the price of silver are available to a newly educated population. Silver is now being viewed as an investable commodity.

    Ahmedabad, the largest city and former capital of the state of Gujarat, is home to over 6 million people. It’s a fast growing metropolitan city with great potential and the people of this state stand perfectly poised to make the best of investing in silver as a tradable, valuable commodity.

    Historical Trend of Silver Price in Ahmedabad

    Months Lowest Silver Price Per Kg Highest Silver Price Per Kg
    December 2021 64,600 66,300
    November 2021 66,500 71,700
    October 2021 63,700 70,300
    September 2021 63,000 69,600
    August 2021 65,000 73,100
    July 2021 68,400 75,000
    June 2021 67,600 76,100
    May 2021 67,500 74,000
    April 2021 63,600 74,000
    March 2021 63,900 70,100
    February 2021 67,300 78,100
    January 2021 63,900 74,500
    December 2020 59,000 72,300
    November 2020 59,100 66,100
    October 2020 60,210 63,500
    September 2020 58,500 76,500
    August 2020 65,010 76,520
    July 2020 48,510 66,060
    June 2020 47,110 50,160
    May 2020 41,010 51,400
    April 2020 40,360 42,710
    March 2020 37,800 50,700
    February 2020 47,400 52,900
    January 2020 49,200 52,600

    Trend of Silver Rate in Ahmedabad for December 2021 (rates per kg)

    Parameters Silver Price (per kg)
    December 1 Rate Rs.66,300 per kg
    December 31 Rate Rs.66,000 per kg
    Highest Rate in December Rs.66,300 on 1, 28, and 29 December
    Lowest Rate in December Rs.64,600 per kg on 15 December
    Overall Monthly Performance Decline
    Percentage Change -0.45%
    • At the start of the month, silver price in Ahmedabad was Rs.66,300 per kg. When compared to previous month’s closing price, there was a drop of Rs.200 for every kilo in the city.
    • Silver recorded the highest price for the month on the opening day of the month and again on 28th and 29th December. The lowest price for a kilo of the bullion was charged on 15th December when it was priced at Rs.64,600.
    • The white metal closed the month at Rs.66,000 per kg. The overall performance of silver in Ahmedabad was one of decline with the percentage change standing at -0.45%.

    Trend of Silver Rate in Ahmedabad for November 2021 (rates per kg)

    Parameters Silver Price (per kg)
    November 1 Rate Rs.68,700 per kg
    November 30 Rate Rs.66,500 per kg
    Highest Rate in November Rs.71,700 on 13 and 14 November
    Lowest Rate in November Rs.66,500 per kg on 30 November
    Overall Monthly Performance Decline
    Percentage Change -3.20%
    • Silver price in Ahmedabad started the month of November at Rs.68,700 per kg. There was a drop of Rs.200 per kg when the rate was compared to the closing price of the previous month.
    • The white metal recorded its highest and lowest price for the month on 13th and 30th November. On the mentioned dates, a kilo of the precious metal cost Rs.71,700 and Rs.66,500 respectively in the city.
    • The overall performance of silver in Ahmedabad was one of decline. The percentage change recorded in the rates stood at -3.20%.

    Trend of Silver Rate in Ahmedabad for October 2021 (rates per kg)

    Parameters Silver Price (per kg)
    October 1 Rate Rs.63,700 per kg
    October 31 Rate Rs.68,900 per kg
    Highest Rate in October Rs.70,300 on 25 October
    Lowest Rate in October Rs.63,700 per kg on 1 October
    Overall Monthly Performance Incline
    Percentage Change 8.16%
    • The silver price in Ahmedabad opened the month of October standing at the rate of Rs.63,700 per kg.
    • The highest rate of the precious white metal was recorded on 25 October wherein a kilogram of silver was being traded at the rate of Rs.70,300. The lowest rate of the month was recorded on 1 October when a kilogram of silver stood at the rate of Rs.63,700 per kg.
    • There was an overall incline in the performance of the white metal in Ahmedabad with a percentage change of 8.16%.

    Trend of Silver Rate in Ahmedabad for September 2021 (rates per kg)

    Parameters Silver Price (per kg)
    September 1 Rate Rs.68,700 per kg
    September 30 Rate Rs.63,000 per kg
    Highest Rate in September Rs.69,600 per kg on from 4 to 7 September
    Lowest Rate in September Rs.63,000 per kg on 30 September
    Overall Monthly Performance Decline
    Percentage Change -8.29%
    • At the start of the month, a kilo of silver was priced Rs.68,700 per kg. When compared to previous month’s closing price, the rate of the white metal was up by Rs.300 for every kilo.
    • Silver recorded its highest and lowest price for the month in the city on 4th and 30th September. On the mentioned dates, the precious metal was priced Rs.69,600 and Rs.63,000 per kg respectively.
    • Silver price in Ahmedabad closed the month at Rs.63,000 per kg. The bullion’s overall performance in the city was one of decline with the percentage change being -0.89%.

    Trend of Silver Rate in Ahmedabad for August 2021 (rates per kg)

    Parameters Silver Price (per kg)
    August 1 Rate Rs.73,000 per kg
    August 31 Rate Rs.68,400 per kg
    Highest Rate in August Rs.73,100 per kg on 4 August
    Lowest Rate in August Rs.65,000 per kg on 7 and 8 August
    Overall Monthly Performance Decline
    Percentage Change -6.30%
    • The price of silver at the start of the month was Rs.73,000 per kg. There was no change in the price of the white metal in Ahmedabad when the rate was compared to the previous month’s closing price.
    • Silver recorded its highest and lowest price for the month in the city on 4th and 7th August. On the mentioned dates, a kilo of the precious metal cost Rs.73,100 and Rs.65,000.
    • Silver price in Ahmedabad closed the month at Rs.68,400 per kg. The overall performance of the bullion in the city was one of decline with the percentage change standing at -6.30%.

    Trend of Silver Rate in Ahmedabad for July 2021 (rates per kg)

    Parameters Silver Price (per kg)
    July 1 Rate Rs.74,100 per kg
    July 31 Rate Rs.73,000 per kg
    Highest Rate in July Rs.75,000 per kg on 5 July
    Lowest Rate in July Rs.71,400 per kg on 28 July
    Overall Monthly Performance Decline
    Percentage Change -1.48%
    • Silver price is Ahmedabad opened at the rate of Rs.74,100 per kg for the month of July 2021.
    • The highest rate of the precious metal was recorded on 5th July 2021 wherein it stood at the rate of Rs.75,000 per kg. The lowest rate of silver during the month was recorded on 28th July 2021 when a kilogram of the white metal was being traded at the rate of Rs.71,400 per kg.
    • During the month, the price of silver witnessed an overall decline in its performance the percentage change standing at –1.48%.

    Also Check Silver Price in Metro Cities

    Trend of Silver Rate in Ahmedabad for June 2021 (rates per kg)

    Parameters Silver Price (per kg)
    June 1 Rate Rs.72,600 per kg
    June 30 Rate Rs.72,900 per kg
    Highest Rate in June Rs.76,100 per kg on 7 June
    Lowest Rate in June Rs.67,600 per kg on 19 and 20 June
    Overall Monthly Performance Incline
    Percentage Change 0.41%
    • Silver price in Ahmedabad at the start of the month was Rs.72,600 per kg. Compared to the closing price of the previous month, the rate was up by Rs.600 for every kilo.
    • The white metal recorded its highest and lowest price for the month on 7th and 19th June when a kilo cost Rs.76,100 and Rs.67,600 respectively.
    • Silver closed the month at Rs.72,900 per kg in Ahmedabad. The overall performance of the precious metal was one of incline with the percentage change standing at 0.41%.

    Trend of Silver Rate in Ahmedabad for May 2021 (rates per kg)

    Parameters Silver Price (per kg)
    May 1 Rate Rs.67,500 per kg
    May 31 Rate Rs.72,000 per kg
    Highest Rate in May Rs.74,000 per kg on 18 May
    Lowest Rate in May Rs.67,500 per kg on 1 May - 3 May
    Overall Monthly Performance Incline
    Percentage Change 6.66%
    • The price of silver in Ahmedabad was Rs.67,500 per kg on 1 May and was at its lowest between 1 May and 3 May due to a mute trend in the international market.
    • Silver rate in Ahmedabad increased in the subsequent weeks due to a weaker dollar value and hit its highest of the month at Rs.74,000 per kg on 18 May as the U.S. Treasury bond yields showed a decline.
    • At the end of the month, silver prices decreased marginally to below the Rs.73,000 per-kg mark and closed at Rs.72,000 per kg on 31 May, recording an overall incline of 6.66%.

    Trend of Silver Rate in Ahmedabad for April 2021 (rates per kg)

    Parameters Silver Price (per kg)
    April 1 Rate Rs.63,600 per kg
    April 30 Rate Rs.72,800 per kg
    Highest Rate in April Rs.74,000 per kg on 24 April – 26 April
    Lowest Rate in April Rs.63,600 per kg on 1 April
    Overall Monthly Performance Incline
    Percentage Change 14.46%
    • Silver rate in Ahmedabad opened at Rs.63,600 per kg on 1 April and was at its lowest on the same rate.
    • The price of the white metal dipped to the Rs.66,000 per-kg range in the middle of the moth after crossing Rs.72,000 per kg on 9 April as the dollar value recovered in the market.
    • At the end of the month, silver prices increased to hit its highest level on 24 April at Rs.74,000 per kg and remained steady until 26 April. Silver closed at Rs.72,800 per kg, recording an overall incline of 14.46%.

    Trend of Silver Rate in Ahmedabad for March 2021 (rates per kg)

    Parameters Silver Price (per kg)
    March 1 Rate Rs.68,200 per kg
    March 31 Rate Rs.67,300 per kg
    Highest Rate in March Rs.68,200 per kg on 1 March
    Lowest Rate in March Rs.67,300 per kg on 31 March
    Overall Monthly Performance Decline
    Percentage Change -1.31%
    • Silver prices in Ahmedabad opened the month at Rs.68,200 per kg and were at its highest on the same day. The price of the metal fluctuated throughout the month due to various factors such as the passing of the COVID-19 relief fund from the United States of America.
    • During the month, the price of silver declined drastically due to a stronger dollar and positive U.S. Treasury bond yields but recovered marginally.
    • At the end of the month, the white metal’s value closed at Rs.67,300 per kg on 31 March and recorded an overall decline of 1.31%.

    Trend of Silver Rate in Ahmedabad for February 2021 (rates per kg)

    Parameters Silver Price (per kg)
    February 1 Rate Rs.78,100 per kg
    February 28 Rate Rs.67,500 per kg
    Highest Rate in February Rs.78,100 per kg on 1 February
    Lowest Rate in February Rs.67,300 per kg on 5 February
    Overall Monthly Performance Decline
    Percentage Change -13.57%
    • Silver prices in Ahmedabad opened the month of February at Rs.78,100 per kg and were at its highest on the day. The white metal showed a declining trend throughout the month.
    • On 5 February, the price of the precious metal hit its lowest at Rs.67,300 per kg due to a strong U.S. dollar value in the international market.
    • The silver rate in the city closed the month at Rs.67,500 per kg and recorded an overall decline for the month by 13.57%.

    Trend of Silver Rate in Ahmedabad for January 2021 (rates per kg)

    Parameters Silver Price (per kg)
    January 1 Rate Rs.72,000 per kg
    January 31 Rate Rs.69,800 per kg
    Highest Rate in January Rs.72,000 per kg on 1 January – 3 January
    Lowest Rate in January Rs.63,900 per kg on 9 January – 11 January
    Overall Monthly Performance Decline
    Percentage Change 3.05%
    • In Ahmedabad, the price of silver was Rs.72,000 per kg on 1 January 2021 and was the highest price of the month. After holding steady till 3 January, it dipped and hit its lowest rate on 9 January at Rs.63,900 per kg.
    • Silver rate in Ahmedabad showed a fluctuation in prices, recovering marginally. On 15 January, the price of the metal was Rs.66,600 per kg and inclined to Rs.71,200 per kg by 20 January 2021.
    • After declining to Rs.66,700 per kg, the value of silver fluctuated and closed the month on 31 January at Rs.69,800 per kg. At the end of the month, gold prices recorded an overall decline of 3.05% for the month.

    Trend of Silver Rate in Ahmedabad for December 2020 (rates per kg)

    Parameters Silver Price (per kg)
    December 1 Rate Rs.64,600 per kg
    December 31 Rate Rs.72,300 per kg
    Highest Rate in December Rs.74,100 per kg on 21 December
    Lowest Rate in December Rs.63,400 per kg on 10 December
    Overall Monthly Performance Incline
    Percentage Change 11.9%
    • Silver rate in Ahmedabad opened the month of December at Rs.64,600 per kg and showed a fluctuating trend in the first week of the month, hitting its monthly low on 10 December at Rs.63,400 per kg.
    • With the rise in COVID-19 cases in the United Kingdom, the risk appetite amongst investors dipped and the price of the metal hit its highest on 21 December, crossing the Rs.74,000 per kg mark at Rs.74,100 per kg.
    • At the end of the month, silver prices dipped marginally as the value of the dollar recovered in the market and closed the month at Rs.72,300 per kg with an overall incline of 11.9%.

    Trend of Silver Rate in Ahmedabad for November 2020 (rates per kg)

    Parameters Silver Price (per kg)
    November 1 Rate Rs.60,100 per kg
    November 30 Rate Rs.63,300 per kg
    Highest Rate in November Rs.70,000 per kg on 7 November
    Lowest Rate in November Rs.60,100 per kg on 1 November
    Overall Monthly Performance Incline
    Percentage Change 5.32%
    • The price of silver was Rs.60,100 per kg on 1 November 2020 and showed an overall inclining trend for the month. The price of the metal on 1 November was the lowest in the month.
    • On 7 November, silver rate in Ahmedabad hit its highest at Rs.70,000 per kg and then showed a fluctuating trend for the rest of November due to the rise in COVID-19 cases, speculations over another stimulus package, etc.
    • At the end of November, silver rate closed the month at Rs.63,300 per kg on 30 November and recorded an overall monthly percentage incline of 5.32.

    Trend of Silver Rate in Ahmedabad for October 2020 (rates per kg)

    Parameters Silver Price (per kg)
    October 1 Rate Rs.60,700 per kg
    October 31 Rate Rs.61,000 per kg
    Highest Rate in October Rs.63,500 per kg on 21 October
    Lowest Rate in October Rs.60,210 per kg on 8 October
    Overall Monthly Performance Incline
    Percentage Change 0.49%
    • Silver price in Ahmedabad opened the month of October at Rs.60,700 per kg and was at its lowest at Rs.60,210 per kg on 8 October as the value of the dollar recovered in the market.
    • The price of the metal recovered and fluctuated to a great extent throughout the month at was at its lowest on 21 October at Rs.63,500 per kg.
    • As the speculations rose amongst investors about the U.S. aid package and the presidential elections, the price of silver increased and closed at Rs.61,000 per kg with a percentage incline of 0.49.

    Trend of Silver Rate in Ahmedabad for September 2020 (rates per kg)

    Parameters Silver Price (per kg)
    September 1 Rate Rs.76,500 per kg
    September 30 Rate Rs.62,500 per kg
    Highest Rate in September Rs.76,500 per kg on 1 September
    Lowest Rate in September Rs.58,500 per kg on 24 September
    Overall Monthly Performance Decline
    Percentage Change -18.30%
    • In September, silver price in Ahmedabad recorded a substantial decline due to various factors including the rise in the value of the dollar in the international market.
    • The metal opened the month at Rs.76,500 per kg on 1 September which was the highest price of the metal in the month. However, the silver rate declined to a great extent through the rest of the month.
    • At the end of the month, the silver price hit its lowest on 24 September at Rs.58,500 per kg and closed at Rs.62,500 per kg on 30 September with a declining percentage of 18.30.

    Trend of Silver Rate in Ahmedabad for August 2020 (rates per kg)

    Parameters Silver Price (per kg)
    August 1 Rate Rs.65,010 per kg
    August 31 Rate Rs.66,370 per kg
    Highest Rate in August Rs.76,520 per kg on 8 August
    Lowest Rate in August Rs.65,010 per kg on 1 and 13 August
    Overall Monthly Performance Incline
    Percentage Change 2.09%
    • Silver price in Ahmedabad opened the month of August was Rs.65,010 per kg and recorded an overall incline for the month.
    • Silver value increased substantially in the first half of the month, after hitting its highest price in August at Rs.76,520 per kg on 8 August with the dollar value dropping in the market.
    • Silver rate in Ahmedabad was at its lowest at the beginning of the month on 1 August and on 13 August at Rs.65,010 per kg due to the dollar value recovering. At the end of the month, silver prices closed at Rs.66,370 per kg on 31 August.

    Also Check Silver Price in NearBy Cities of Ahmedabad

    Trend of Silver Rate in Ahmedabad for July 2020 (rates per kg)

    Parameters Silver Price (per kg)
    July 1 Rate Rs.48,560 per kg
    July 31 Rate Rs.63,010 per kg
    Highest Rate in July Rs.66,060 per kg on 30 July
    Lowest Rate in July Rs.48,510 per kg on 5 July
    Overall Monthly Performance Incline
    Percentage Change 29.75%
    • Silver prices in Ahmedabad opened the month at Rs.48,560 per kg on 1 July and showed an inclining trend throughout the month due to the rise in demand of the metal.
    • Silver rate in Ahmedabad recorded its lowest price on 5 July at Rs.48,510 per kg as the value of the U.S. dollar recovered in the international market.
    • Silver rates increased at the end of the month; silver hit its highest price at Rs.66,060 per kg on 30 July and closed the month at Rs.63,010 per kg on 31 July with an overall incline of 29.75%.

    Trend of Silver Rate in Ahmedabad for June 2020 (rates per kg)

    Parameters Silver Price (per kg)
    June 1 Rate Rs.50,120 per kg
    June 30 Rate Rs.48,510 per kg
    Highest Rate in June Rs.50,160 per kg on 2 June
    Lowest Rate in June Rs.47,110 per kg on 16 June
    Overall Monthly Performance Decline
    Percentage Change -3.21%
    • For the month of June, silver price in Ahmedabad opened at Rs.50,120 per kg on 1 June and showed a heavily declining trend throughout the month. In the first half of the month, the price of the white metal dipped substantially and was priced at Rs.47,720 per kg on 15 June.
    • Silver showed continuous declines in the second half of the month as well due to recovering equities and higher risk appetite amongst investors.
    • At the end of the month, silver prices in Ahmedabad closed at Rs.48,510 per kg on 30 June and showed a percentage decline of 3.21.

    Trend of Silver Rate in Ahmedabad for May 2020 (rates per kg)

    Parameters Silver Price (per kg)
    May 1 Rate Rs.42,530 per kg
    May 31 Rate Rs.50,100 per kg
    Highest Rate in May Rs.51,400 per kg on 25 May
    Lowest Rate in May Rs.41,010 per kg on 2 May
    Overall Monthly Performance Incline
    Percentage Change 17.79%
    • Opening the month of May silver rate in Ahmedabad was at Rs.42,530 per gram on 1 May, silver prices showed a heavy incline in its prices throughout the month due to various geopolitical issues and the rise in the number of cases all over the world. In the first week of the month, the price of the metal showed a declining trend, decreasing to Rs.41,010 per kg on 2 May. The dip in prices was majorly due to increased risk appetite amongst investors and a strong value of the U.S. dollar in the international market. However, silver prices recovered marginally on 3 May to Rs.41,210 per kg and showed constant fluctuations in its price. However, on 5 May, the price of the metal increased substantially to Rs.41,520 per kg with poor economic data being released from the United States of America due to the effect of COVID-19 on the economy. At the end of the week, silver closed at Rs.42,010 per kg on 7 May.
    • The second week of the month showed a continuous inclining trend for silver. Opening the week at Rs.42,060 per kg on 8 May, the price of silver in Ahmedabad by more than Rs.1,000 per kg to be priced at Rs.43,510 per kg on 9 May. The rise in prices was due to decreased risk appetite amongst investors due to a possible second wave of COVID-19 being anticipated along with a weaker dollar value in the market. On 10 May, the price of the white metal had increased by Rs.100 to Rs.43,610 per kg and further to Rs.43,620 per kg on 11 May. However, in the latter half of the week, the price of silver faltered, decreasing to Rs.43,090 per kg on 12 May and further down to Rs.42,950 per kg on 13 May. With more focus towards equities and oil, investors shifted away from the bullion expecting the economy to recover faster, thus increasing risk appetite. On the last day of the week, the price of the metal was Rs.43,160 per kg on 15 May.
    • Silver, in the third week of the month, showed heavy inclines from the beginning of the week. Opening at Rs.46,900 per kg on 16 May, increasing by more than Rs.3,500 per kg, silver prices were at a rise due to decreased risk appetite amongst investors, due to trade tensions arising yet again between China and the United States of America, over security law being imposed on Hong Kong by China. The price of the metal dipped marginally to Rs.46,710 per kg on 17 May and increased marginally to Rs.46,720 per kg on 18 May. The metal’s prices showcased a steady incline, crossing the Rs.48,000 per kg mark and closed the third week of the month at Rs.48,250 per kg on 22 May.
    • With riots happening in the United States of America and strained trade relations between China and the U.S., risk appetite amongst investors were at a low. Dependency on the bullion market increased due to its safe-haven appeal and silver opened the last week of the month at Rs.48,350 per kg, increasing by Rs.10 compared to the previous week’s closing price. Silver rate in Ahmedabad showed heavy inclines in the next few days, crossing the Rs.50,000 per kg mark on 25 May, priced at Rs.51,400 per kg. In the next few days, silver prices dipped to below the Rs.48,000 per kg mark at Rs.47,910 per kg on 28 May and 29 May. However, the metal recovered and closed the month at Rs.50,100 per kg on 31 May with a percentage incline of 17.79.

    Trend of Silver Rate in Ahmedabad for April 2020 (rates per kg)

    Parameters Silver Price (per kg)
    April 1 Rate Rs.40,500 per kg
    April 30 Rate Rs.41,520 per kg
    Highest Rate in April Rs.42,710 per kg on 21 April
    Lowest Rate in April Rs.40,360 per kg on 6 April
    Overall Monthly Performance Incline
    Percentage Change 2.51%
    • In the month of April, silver prices showed an overall monthly inclining trend in the city of Ahmedabad. Opening the month at Rs.40,500 per kg, the price of the metal remained steady at the same price for the first week of the month due to the lockdown in place in India. With major trading centres closed, there was no effect on the white metal’s prices between 1 April to 5 April. However, on 6 April, the price of the metal dipped marginally to Rs.40,360 per kg and on 7 April, the metal’s price increased by Rs.10 to Rs.40,370 per kg. The fluctuation in prices was due to various global trends where the value of the U.S. dollar increased in the market and a marginal slowdown in the number of cases of COVID-19.
    • Silver price in Ahmedabad saw major inclines in the second week of April opening with a rise of close to Rs.1,000 per kg at Rs.41,290 per kg. The metal’s price fluctuated and remained steady, near the Rs.41,100 per kg mark for 3 consecutive days. The rise in prices was attributed to various factors including the drop in dollar value, increase in safe-haven appeal due to the rise in COVID-19 cases along with stimulus packages being released by central banks of various countries. At the end of the week, the price of the white metal was Rs.41,920 per kg.
    • The third week of the month saw major fluctuations in the prices of silver in the international market. On 16 April, a kilogram of the silver in Ahmedabad was Rs.41,860 per kg and increased marginally on 17 April at Rs.41,900 per kg. The white metal showed considerable dips in its price for the next 3 days due to crashing of crude oil prices, rise in the cases of COVID-19 along with the rise in the dollar value. However, on 21 April, the precious metal hit its monthly high at Rs.42,710 per kg and decreasing to Rs.41,660 per kg on 22 April.
    • In the last week of April saw minor fluctuations in prices of the white metal with continuous inclines and declines in the price in the international market. On 24 April, silver price in Ahmedabad was priced at Rs.42,430 per kg and increased to Rs.42,610 per kg by 27 April. However, in the last three days of the month, silver prices slipped and ended the month at Rs.41,520 per kg on 30 April. The metal recorded an overall monthly incline of 2.51%.

    Trend of Silver Rate in Ahmedabad for March 2020 (rates per kg)

    Parameters Silver Price (per kg
    March 1 Rate Rs.47,400 per kg
    March 31 Rate Rs.40,500 per kg
    Highest Rate in March Rs.50,700 per kg on 6 March
    Lowest Rate in March Rs.37,800 per kg on 19 March
    Overall Monthly Performance Decline
    Percentage Change -14.5%
    • Silver prices in Ahmedabad opened the month of March at Rs.47,400 per kg and showed an overall decline in its prices for March with investors and traders selling off their assets to hoard cash due to the effect of the Coronavirus on the global economy. On 2 March, the price of the metal increased by Rs.48,500 per kg with investors expecting a rate cut by the United States Federal Reserve in order to help the weakening economy. Silver prices increased further in the first week of the month to Rs.50,100 per kg on 4 March and closed the week at Rs.40,400 per kg. The metal hit its monthly high at Rs.50,700 per kg on 6 March.
    • The white metal’s prices fluctuated to a great extent in the second week of March. This was due to the various factors such as the value of the dollar increasing in the market, investors hoarding for cash. On 8 March, the price of the metal was Rs.50,500 per kg and decreased to Rs.49,200 per kg on 9 March. However, after hitting the Rs.50,000 per kg mark on 10 March, the metal’s prices began to dip gradually. By 15 March, a kilogram of silver was priced at Rs.44,000. The sharp fall in prices was due to investors selling their assets for cash to stabilise themselves amidst a weakened economy.
    • In the third week of March, silver prices were at Rs.43,200 per gram on 16 March and showed a declining trend till the end of the month. By 19 March, the metal had hit its monthly low at Rs.37,800 per kg. A rising dollar in the global market with investors shifting away from the bullion market resulted in the heavy fall in the prices of the bullion. On 21 March, the metal’s prices recovered marginally at Rs.40,100 per kg and increased to Rs.40,500 per kg on 25 March.
    • In the last week of the month, the metal’s prices were constant at Rs.40,500 per kg. With a few investors trading in the bullion market, the price of silver was steady in the city of Ahmedabad. At the end of the month, the price of the metal closed at Rs.40,500 per kg and recorded a percentage decline of 14.5.

    Trend of Silver Rate in Ahmedabad for February 2020 (rates per kg)

    Parameters Silver Price (per kg)
    February 1 Rate Rs.50,300 per kg
    February 29 Rate Rs.47,400 per kg
    Highest Rate in February Rs.52,900 per kg on 24 February
    Lowest Rate in February Rs.47,400 per kg on 29 February
    Overall Monthly Performance Decline
    Percentage Change -5.76%
    • Throughout the month of February, silver rates in Ahmedabad have fluctuated due to various global factors, most importantly, the effect of the Coronavirus on the world and its economy. At the beginning of the month, silver opened at Rs.50,300 per kg and had suffered a major fall by 10 February to be priced at Rs.49,900 per kg. This was majorly due to China liquidating funds and providing stability to its economy due to which risk appetite had increased.
    • By 15 February, the price of the white metal had increased marginally to Rs.50,000 per kg after constant fluctuations in its price. After there was a momentary drop in the number of new cases of the virus in China, the price of silver had eased in the market. However, due to the sudden spike in the number of cases and deaths in the world, the safe-haven demand of the metal increased globally, including India.
    • The third week of the month proved to be beneficial for the traders investing in the bullion market. Immediately after 15 February, China had reported a total of 5,000 new cases with 121 deaths. Due to this, the value of the metal had increased in the global market due to increased demand amidst fears. On 18 February, silver prices had increased to Rs.50,400 per kg increasing to Rs.52,400 per kg, its highest of the month, on 22 February.
    • With the Coronavirus spreading fast, reporting cases all over the world, the price of the white metal was at a continuous rise in the last week of the month as well. Safe-haven buying had increased drastically with flights being cancelled in and out of China by major airports. However, in the last week, due to the price rallies, investors booked profits, resulting in a dip in the metal’s prices. At the end of the month, the metal closed at Rs.47,400 per kg.

    Trend of Silver Rate in Ahmedabad for January 2020 (rates per kg)

    Parameters Silver Price (per kg)
    January 1 Rate Rs.50,300 per kg
    January 31 Rate Rs.50,200 per kg
    Highest Rate in January Rs.52,600 per kg on 8 January
    Lowest Rate in January Rs.49,200 per kg on 30 January
    Overall Monthly Performance Decline
    Percentage Change -0.19%
    • Silver opened the first month of 2020 at Rs.50,300 per kg. The rates of the white metal were down by Rs.600 for every kilogram when compared to the rates charged on the last day of the previous month.
    • The rates of silver increased gradually over the first week and touched the highest for the month on 8 January when every kilo of the precious metal cost Rs.52,600 in the city.
    • With the outbreak of coronavirus in China raising concerns over the demand of silver, the rates of the white metal started to fluctuate considerably since 10 January. Weakening dollar, escalating tensions in the Middle East and concerns regarding the trade deal between Washington and Beijing also played its part.
    • Silver closed the month at Rs.50,200 per kg after reducing to its lowest for the month the previous day. The overall performance of the white metal in Ahmedabad was -0.19%, trending downwards.

    What Are The Factors Affecting Silver Rate In Ahmedabad?

    Silver prices in Ahmedabad are affected by many national and international factors. Since silver rates are dependent on the international value of the metal, important factors affecting its price are fluctuating demand and the trend of the equities market. Apart from this, geopolitical factors also play a major role in determining the silver rates along with the value of the U.S. dollar in the market. The trend of gold prices in the market also has a direct effect on silver prices in the city.

    Investing in Silver in Ahmedabad

    Silver coins are available in various weightages, from many vendors. It’s important to ensure that your silver is embossed, marked, stamped or engraved in some way that certifies its purity and the fact that it is real silver. A certificate is also usually issued along with your silver. The coins can be bought in weights from 10 grams to 500 grams. The corresponding risk and reward is marginally lesser because the amount and weight of silver being held is in a lesser quantity.

    Silver bullion is for those who wish to invest in larger quantities of silver, in the form of bars that range from 500 grams up to 5 kilos. Investing in larger quantities is marginally cheaper, and the silver bullion in your possession will appreciate or depreciate, bringing with it greater risk and reward, as it being held in a larger physical quantity. Most bullion bars are also embossed with serial numbers, which makes it hard to counterfeit them.

    Silver coins and bullion is immediately and instantly tradable for up to 75% of its value in the market at that particular date, and can be held for longer periods of time to ensure a higher price. In this way, it can be collected and used as a safety net that appreciates over time. Collectors and those not proactively involved in managing their silver investment portfolio chose this option, as the silver passively increases its own value.

    Silver jewelry is among the most expensive forms of silver available, as it incurs a 10% making charge and a 15% melting charge at the time of sale. It is the most popular form of silver bought and sold in India. It is bought and either held for its craftsmanship, or given as a gift during one of the many festivals and marriages that involve the purchase or gifting of precious metals as assets with aesthetic appeal.

    Banks also sell silver, and this is a highly secured form of owning the precious metal. Banks like ICICI, HDFC, Kotak, etc. will always give you the purest form of certified silver, but at a price that’s usually higher than the current market rate.

    Market Rates & Silver Price Trend in Ahmedabad

    The silver rate fluctuates due to many market forces like inflation, demand and supply, movements in the stock market, etc. The price of silver in Ahmedabad has remained mostly constant over the last few months, staying between Rs.39 and Rs.41 (per gram), and is more stable than gold. Detailed study of the fluctuations in prices and the reasons for the same can be used to your advantage as an investor.

    Buying Silver in Ahmedabad

    One can buy silver coins, bars and bullion in many retail outlets across Ahmedabad like Silver Emporium, Raj Jewellers, Malabar Gold and Diamonds, Kantilal Shivali Zaveri, Chandi Khazana, Al-Haq Jewellers, and a number of merchants around the city.

    When buying silver in Ahmedabad, it is highly recommended that you buy from a well-established and certified dealer. Ensure that the silver is marked, stamped, engraved or in some way certified and determined to be authentic silver of established purity. Ensure that you also get a certificate of authenticity which contain details of weight, amount purchased, purity and current rate.

    FAQ's On Silver Rate in Ahmedabad

    1. How is the silver purity connected to silver rate in Ahmedabad?
    2. Silver price will always be higher for silver of high quality and purity.

    3. What is the standard silver purity in Ahmedabad?
    4. The standard silver purity in Ahmedabad is 94.79% with that being the percentage of pure silver and the rest being other metals such as copper.

    5. Where will I get the best silver rate in Ahmedabad?
    6. It is best to buy silver from reputed or leading jewelers in Ahmedabad.

    7. Where can I buy silver bars in Ahmedabad?
    8. You can buy silver bars for investment in Ahmedabad from leading banks.

    9. Which has a lower silver price in Ahmedabad – silver coins or bullion bars?
    10. Silver bullion bars have a lower price than silver coins in Ahmedabad as it is less expensive to produce.

    Read more on Silver

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    News About Silver Rate in Ahmedabad

    • Silver futures prices in India jump by 0.20% on 11 January 2022

      On 11 January 2022, silver futures prices on MCX in India jumped by Rs.123 or 0.20% and are at Rs.60,790 for a kg. On 10 January 2022, silver prices in the spot market were at Rs.60,351 per kg. In the international markets, silver prices jumped by 0.4% and were at $22.55 for an ounce. Like silver, gold futures prices on MCX jumped as well on 11 January.

      11 January 2022

    • Silver trading at Rs.60,900 per kg on Thursday

      Silver was trading at Rs.60,900 per kg in Delhi on Thursday. The rate saw a decline of Rs.600 when compared to yesterday’s price. The price of the white metal in Mumbai was Rs.60,900 while in Chennai it was Rs.64,600.

      Gold price also recorded a decline on Thursday. The price charged for 10 grams of 24-karat gold saw a drop of Rs.240 and was trading at Rs.47,910 in Mumbai. In Delhi, Kolkata, and Chennai consumers were required to shell out Rs.51,430, Rs.49,800, and Rs.49,300 respectively. It needs to be mentioned here that the price of gold varies across states in the country due to factors like excise duty, state taxes, and making charges.

      16 December 2021

    • Silver rates fall by Rs.81 in the national capital on 1 December 2021

      According to HDFC Securities, silver prices in the national capital fell by Rs.81 on 1 December 2021 and were at Rs.61,031 for a kg. In the last session, the prices of the white metal closed at Rs.61,112 per kg. In the global markets, silver rates traded flat and were at $22.74 for an ounce. Like silver, gold prices fell in the national capital as well. Gold prices fell by Rs.302 and were at Rs.46,848 for 10 grams. In the previous session, the prices of the yellow metal closed at Rs.47,150 for 10 grams.

      01 December 2021

    • Silver prices remain high on 8 November 2021

      The price of silver futures increased to Rs.391, or by 0.61%, to settle at Rs.64,723 per kg. In the spot market, silver prices were at Rs.63,551 per kg on 5 November 2021. Silver prices had reduced by Rs.500 during the review period in November. In the global market, spot silver increased by 0.3% to settle at $24.25 per ounce.

      08 November 2021

    • Silver futures plunge by nearly 0.52% on Wednesday

      On the Multi Commodity Exchange (MCX), silver price plunged by nearly 0.52 percent or Rs.316.5 per kg on Wednesday. Following the drop in the rates, a kilo of the white metal cost Rs.60,874. The precious metal recorded a decline in the global market as well with the price slipping by 0.06% to cost $25.2 per troy ounce.

      Gold price however increased since yesterday and was trading at Rs.46,680. The average gold price observed in the week was up by 0.79%. In the international market, the rate was up by 0.18% to cost $1,816.7 per troy ounce. On the MCX, gold futures in the country saw an increase of 0.38% to cost Rs.46,637 per 10 grams. The dollar to rupee conversion increased to Rs.74.6 as compared to previous close of Rs.74.5.

      06 October 2021

    • Silver prices fall in India on 20 August 2021

      On 20 August 2021, silver prices fell by Rs.1,000 and were at Rs.62,500 for a kg. Like silver, gold prices fell on 20 August 2021 as well. 22-carat gold prices fell by Rs.370 and were at Rs.46,130 for 10 grams. In the last session, the prices of the yellow metal closed at Rs.46,500 per 10 grams. Gold jewellery prices in India depend on the making charges, state taxes, and excise duty. The prices of 22-carat gold in Delhi and Mumbai are at Rs.46,420 and Rs.46,130 for 10 grams, respectively. 24-carat gold prices fell by Rs.370 and were at Rs.47,130 for 10 grams. The prices of 24-carat gold in Delhi and Mumbai are at Rs.50,450 and Rs.47,130 for 10 grams, respectively.

      20 August 2021

    • Gold and Silver Prices on 5 August 2021

      The price of 10 grams of 22-carat gold dipped by Rs.10 to Rs.46,950 on Thursday, 5 August 2021. Silver was selling at Rs.68,000 per kilogram, up Rs.400 from Wednesday, 4 August 2021.The price of 24-carat gold was Rs.47,950 per 10 grams, down Rs.10 from the previous day.

      05 August 2021

    • Silver price records an incline of Rs.50

      Compared to Sunday’s price, the rate of silver witnessed an increase of Rs.50 on Monday in the country. The hike in the rates saw a kilo of the white metal cost Rs.67,100.

      It needs to be mentioned here that as per the data released from the Commerce Ministry, silver imports recorded a drop of 93.7 percent during the first quarter of 2021-22.

      Gold price on Monday didn’t see any change in the country. 10 grams of 22-karat gold was retailed for Rs.46,850 in Delhi, Rs.46.870 in Mumbai, and Rs.45,060 in Chennai. In India, the price of 24-karat gold stood at Rs.47,870 per 10 grams.

      26 July 2021

    • Silver futures prices fall in India on 12 July 2021

      Silver futures prices on MCX in India fell by Rs.232 or 0.33% on 12 July 2021 and were at Rs.69,025 for a kg. According to the Indian Bullion and Jewellers Association, silver prices in the spot market closed at Rs.68,789 on 9 July 2021. In the international markets, silver prices jumped by 0.6% and were at $26.23 for an ounce. Like silver, gold futures prices also fell in India on 12 July 2021. Gold futures prices on MCX fell by 0.40% and were at Rs.47,732 for 10 grams. Gold prices in the spot market were at Rs.47,863 for 10 grams. Spot gold prices in the global markets jumped by 0.1% and were at $1,809.34.

      13 July 2021

    • Silver futures prices on MCX jump by 0.35% on 23 June 2021

      Silver futures prices on MCX jumped by Rs.237.70 or Rs.0.35% on 23 June 2021 and were at Rs.67,912 for a kg. In the international markets, the prices of the white metal rose by 0.77% and were at $26.00 for an ounce. Like silver, gold futures prices jumped as well in India. Gold futures prices on MCX jumped by 0.13% and were at Rs.46,899 for 10 grams. In the last session, the prices of the yellow metal fell by Rs.61 or 0.14%. In the international markets, the prices of gold jumped by 0.15% and were at $1,781.40 for an ounce.

      23 June 2021

    • Silver futures slip by 0.55 percent on Wednesday

      On Wednesday, silver futures on the Multi Commodity Exchange (MCX) slipped by 0.55 percent or Rs.398 to cost Rs.71,850 per kg. In the spot market, silver was priced at Rs.72.413 on Tuesday as per the Indian Bullion and Jewellers Association. The rate of the white metal was down by 0.1 percent in the international market and was trading at $27.88 per ounce.

      Gold prices on Wednesday declined from a near five-month high recorded on Tuesday as global spot gold prices came down by 0.1 percent to cost $1,898.58 per ounce. US gold futures eased by 0.2 percent and was trading at $1,901.90 per ounce. On the MCX, gold futures shed 0.12 percent or Rs.61 to cost Rs.49,364 for every 10 grams.

      02 June 2021

    • Spot silver price in India today

      On 21 May 2021, precious metals such as silver witnessed a drop. Silver dropped by 0.01% and now stands at $2.78 per Troy ounce.

      The silver futures on MCX drops down by almost 0.56% or Rs.402.8 per kg and stands at the price level of Rs.71,920 per kg.

      21 May 2021

    • Gold rates drop by more than Rs.300; silver prices incline

      Gold prices in Delhi dipped by Rs.317 to Rs.46,382 per 10 grams due to the international trend of the metal. In the previous session, the precious metal had closed at Rs.46,699 per 10 grams in the domestic market.

      Silver prices, however, recorded an incline of Rs.2,328 to cross the Rs.70,000 per-kg mark at Rs.70,270 per kg compared to its previous closing price of Rs.67,942 per kg.

      In the international market, gold prices were trading lower at $1,776 per ounce and silver recorded a flat trend at $26.42 per ounce.

      06 May 2021

    • Silver prices fall in India on 9 April 2021

      Silver rates in India fell marginally on 9 April 2021. The prices of silver fell due to a strong dollar. However, over the course of the week, the prices of the white metal gained by Rs.1,894. On MCX, silver prices jumped in three sessions out of the five sessions. Currently, the ration between spot gold and silver is at 69.07 to 1. Silver futures prices for the month of May fell by Rs.540 and were at Rs.66,961 per kg. Silver futures prices for the month of July fell by 0.68% and were at Rs.68,051 for a kg.

      09 April 2021

    • Gold prices fall by Rs.1 on 30 March while silver increases marginally

      On 30 March 2021, the prices of gold declined with 1 gram of 22-carat gold costing Rs.4,298, which was Rs.1 less than the price at the previous session. The price of 22 carat gold for 10 grams was Rs.42,980 which was Rs.10 lower than the previous day. The price of 24-carat gold also declined by Rs.10 from the previous session to settle at Rs.43,980. The prices of gold in various cities were as follows: In New Delhi, 22-carat gold cost Rs.44,070 per 10 grams and Rs.48,070 for 24-carat gold. In Chennai, the cost of 10 grams of 22-carat gold was Rs.42,240 while the cost of 10 grams of 24-carat gold was Rs.46,080. In Kolkata, the cost of 10 grams of 22-carat gold was Rs.44,200 while the cost of 10 grams of 24-carat gold was Rs.46,920. In Mumbai, it was Rs.42,980 for 10 grams of 22-carat gold while the same weight in 24-carat gold cost Rs.43,980. Silver prices saw a marginal increase of Rs.10 to settle at Rs.657 for 10 grams. Silver Rates in in Mumbai, Delhi, and Kolkata for one kilogram was Rs.65,700 while in Hyderabad and Chennai it was Rs.69,300.

      30 March 2021

    • Gold prices fall in metro cities; silver rates show substantial declines

      Silver and gold prices showed a decline in their prices on 5 March due to international trends of the metal. 22-karat gold had dipped by Rs.47 to Rs.43,900 per 10 grams compared to its previous rate of Rs.44,370 per 10 grams. 24-karat gold also declined by the same rate from Rs.45,370 per 10 grams to Rs.44,900 per 10 grams.

      Silver prices also showed a marginal decline by Rs.1,700 as the price of the metal dipped to Rs.66,200 per kg compared to Rs.67,900 per kg.

      In New Delhi, the value of 24-karat gold was Rs.47,950 per 10 grams and in Chennai, it was Rs.46,020 per 10 grams.

      The value of gold in the international market showed a fall by 0.17% to $1,694.10 per ounce.

      05 March 2021

    • Gold prices held steady below the Rs.47,000 per 10-gram mark; silver prices incline

      The rate of gold and silver saw an incline in the market after a positive trend seen in the international market. Gold futures on the Multi Commodity Exchange was trading marginally higher by 0.05% at Rs.46,281 per 10 grams. Silver prices also inclined by 0.36% to Rs.69,691 per kg.

      According to sources, gold prices traded near the $1,810 per ounce levels in the international market at COMEX after seeing some losses due to a positive U.S. bond yield.

      In the spot market, gold prices increased by Rs.337 to Rs.46,372 per 10 grams and silver prices saw a substantial incline by more than Rs,1,000 to Rs.69,667 per kg.

      In the international market, spot gold increased by 0.2% to $1,809.17 per ounce and U.S. gold futures were trading at $1,807.30 per ounce. Silver prices increased marginally to $27.73 per ounce.

      24 February 2021

    • Gold rates and silver rates witness a decline in the domestic market

      Gold prices recorded a decline as the U.S. dollar recovered in the international market. On the Multi Commodity Exchange, gold prices dipped by 0.33% to Rs.48,702 per 10 grams, recording a consecutive decline for 5 days. In its previous session, gold prices had dipped by 0.11%

      Silver prices, as well, dipped by 1% to Rs.65,866 per kg. Silver, on the previous day, had declined by 0.64%.

      In the international market, gold prices had decreased as well. Spot gold had decreased by 0.3% to $1,839.21 per ounce. Silver prices also had dipped by 0.2% to $25.18 per ounce.

      28 January 2021

    • Gold prices increase to Rs.50,070, and silver rates gain 2.43%

      Spot gold rates in India have increased to Rs.50,070 from Rs.50,060. It had been above the average gold rates observed over the week (Rs.50,028.5) by 0.08%.

      Spot gold rates in India stand at Rs.50,070 and this had grown by 0.02%. The price had been lower than the international gold spot growth rate (1.19%). The international spot rate is $1921.3. The global spot rates had grown according to the current close with a value of $1,921.3 per troy ounce. The overall growth was 1.19%. The rate is 2.77% higher than average gold price which were observed over the past month ($1,868).

      05 January 2021

    • Gold and silver prices fall for second consecutive day

      In Indian markets, the prices of silver and gold slumped again for the second day in a row, remaining lower than even the highest price in August, which was Rs.56,200, although it has risen higher than the lowest price point of Rs.48,000. On the Multi Commodity Exchange (MCX), gold futures edged were 0.06% lower at Rs.50,050 per 10 grams while silver was lower by 0.08% to settle at Rs.66,820 per kg.

      24 December 2020

    • Gold price rises by Rs.45 to Rs.48,273, Silver gains Rs.407

      Prices of gold grew Rs.45 to Rs.48,273 per 10 gram in New Delhi on Tuesday.

      Silver prices also rose Rs.407 to Rs.59,380 per kg, compared with Rs.58,973 per kg in the previous trade.

      The spot rupee grew 4 paise stronger against the dollar during the day.

      In the global market, gold and silver traded higher at $1,812 and $23.34 per ounce, respectively.

      01 December 2020

    • Gold plunges Rs.1,049, silver tumbles Rs.1,588

      Prices of gold slumped by Rs.1,049 to Rs.48,569 per 10 gram in New Delhi on Tuesday following weak global trends and rupee appreciation.

      Previously, the yellow metal had closed at Rs.49,618 per 10 gram.

      Silver also dropped by Rs.1,588 to Rs.59,301 per kg from Rs.60,889 per kg in the previous trade.

      In the international market, gold was trading lower at USD 1,830 per ounce and silver remained flat at USD 23.42 per ounce.

      24 November 2020

    • Silver rates trending at Rs.61,000 for a kg on 10 November 2020

      The prices of silver are trending at Rs.61,000 for a kg on 10 November 2020. Silver futures prices for the month of December are at Rs.60,725 for a kg. Silver rates increased by Rs.694 and are at Rs.65,699 for a kg. In the previous session, silver rates were at Rs.65,005 for a kg. Gold futures prices for the month of December fell by 4.80% and were at Rs.49,665 for 10 grams. Spot gold prices in the international markets fell by 5.1% and are at $1,852.82 for an ounce.

      09 November 2020

    • Silver price trending at Rs.67,000 per kg

      The white metal was trending at Rs.67,000 per kg on Monday. On the Multi Commodity Exchange (MCX), silver December futures were trading at Rs.61,316 per kg. It must be noted here that silver has recorded a drop of 9.4 percent to cost $24.25, its lowest level in over a month.

      Gold rates also fell on Monday and was trading at Rs.54,760 for every 10 grams. In the national capital, the price charged for 10 grams of the 22-karat gold was Rs.50,200 while in Mumbai and Chennai, it cost Rs.50,300 and Rs.49,340 respectively. On the MCX, October gold futures fell by 2.4 percent to cost Rs.50,471 for every 10 grams.

      22 September 2020

    • Gold prices reach Rs.54,820 per 10 gm, and silver increases to Rs.68,560

      Gold prices increased to Rs.54,820 from Rs.54,600 per 10 gm, and silver increased to Rs.68,560 from Rs.67,900 per kg. In New Delhi, the price of 22-carat gold had been Rs.50,250 per 10 gm, and in Chennai, it jumped to Rs 49,250. In Mumbai, the rate was Rs 49,490, according to the Good Returns website. The price of 24-carat gold in Chennai was Rs 53,720 per 10 gm. On the MCX, October gold futures had decreased by 0.72% to Rs.51,774 per 10 gm, and silver September futures had been at Rs.68,991 per kg. In the previous trade, the precious metal had closed at Rs 52,104 per 10 gram. Silver prices also gained Rs 875 to Rs 69,950 per kilogram from its previous close of Rs 69,075 per kilogram.

      14 September 2020

    • Gold rates dip to Rs.52,319 and silver stands at Rs.66,153

      The gold prices had fallen to Rs.52,319 per 10 gram and silver rates had dipped to Rs.66,153 per kg. In New Delhi, rates of 22-carat gold plunged to Rs.51,200 from Rs.51,850 per 10 gram during the previous trade. The rate of 24-carat was at Rs.55,850. In Chennai, the price for 22-carat dipped to Rs.50,840 and 24-carat had been Rs.55,460. In Mumbai, 22-carat had been sold at Rs.50,990. On the MCX, October gold futures had dipped by 1.07% to Rs.52,061 and September silver futures had been down by 0.36% at Rs.67,719 from Rs.68,129.

      23 August 2020

    • Gold rate drops to below the Rs.54,000 per 10-gram mark; silver prices plummet

      Gold prices dipped to Rs.53,951 per 10 grams, declining by Rs.577 on 12 August 2020 while silver prices also recorded a fall by more than Rs.1,000 to Rs.71,211 per kg from Rs.72,354 per kg.

      In New Delhi, the price of 22-karat gold dropped to Rs.53,450 per 10 grams and 24-karat gold was priced at rs.54,750 per 10 grams. In Chennai, the price of 22-karat gold was Rs.53,140 per 10 grams and 24-karat gold was Rs.58,030 per 10 grams.

      On the Multi Commodity Exchange, gold futures dropped by nearly 6% to Rs.51,739 per 10 grams while silver futures recorded a higher drop by 12% to Rs.66,347 per kg due to the U.S. dollar value recovering in the market.

      In the international market, the gold value dropped by 4.3% on 11 August which was its worst fall in 7 years due to the rising risk appetite amongst investors as Russia registered the world’s first COVID-19 vaccine.

      12 August 2020

    • Gold prices drop whereas silver rates peaks to cross the Rs.53,000 per kg mark

      On Tuesday, gold prices dipped from Rs.49,110 per 10 grams to Rs.49,050 per 10 grams. On the other hand, the price of silver increased and crossed the Rs.53,000 per kg mark at Rs.53,150 per kg compared to its previous closing price at Rs.52,910 per kg.

      In New Delhi, the value of 22-karat gold increased to Rs.47,850 per 10 grams and was at Rs.46,950 per 10 grams in Chennai. The value of 24-karat gold in Chennai was Rs.51,240 per 10 grams. On the Multi Commodity Exchange, gold futures recorded an increase of 0.12% to Rs.49,027 per 10 grams while silver futures for September increased to Rs.54,005 per kg.

      On Monday, the value of gold had fallen marginally by Rs.31 to Rs.49,916 per 10 grams due to a weak trend in the international market.

      21 July 2020

    • Silver futures gain by 0.25 percent

      Even though gold was trading close to the flatline, silver futures gained on Friday. The white metal gained 0.25 percent or Rs.126 to cost Rs.51,217 per kilogram. Gold futures were down 0.01 percent and was trading at Rs.48,875 for every 10 grams. It must be noted here that traders waited for clear signals before taking a bet as equities are racing ahead on hopes of swift recovery in economic activities.

      In the international market, the yellow metal was set for a fifth straight weekly gain as it remained near the technical $ 1,800-per-ounce threshold. Spot gold was trading at $1,801.47 per ounce after increasing by 1.5 percent while U.S. gold futures increased by 0.2 percent to $1,806.80. On Thursday, the holdings of SPDR Gold Trust had slipped by 0.15 percent to 1,200.82 tonnes and silver had dipped by 0.4 percent to $18.60.

      10 July 2020

    • Gold prices show an incline; silver shows positive trends

      With fresh COVID-19 cases surging across various countries, gold prices saw an incline in the international market due to increased safe-haven demand. The price of the metal increased from Rs.47,314 per 10 grams to Rs.47,540 per 10 grams according to the Indian Bullion and Jewellers Association.

      In the National Capital Region, 22-karat gold was priced at Rs.46,000 per 10 grams compared to Rs.45,530 per 10 grams in the city of Chennai. On the Multi Commodity Exchange, gold futures for August increased to Rs.47,593 per 10 grams with an incline percentage of 1.21. Silver futures for July also showed a 2% incline and was priced at Rs.48,315 per kg.

      In the international market, gold prices saw a fluctuating trend with fresh COVID-19 cases being reported all over the world. The price of the metal showed an incline with spot gold increasing by 0.2% at $1,727.86 per ounce and U.S. gold futures increased by 0.5% at $1,736.20 per ounce.

      Gold and silver prices both showed steady inclines with Beijing’s government raising its emergency response level for COVID-19 from II to III.

      17 June 2020

    Silver Rate In Metro Cities
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