Silver Rate in Ahmedabad Last Updated : 14 Aug 2020

Todays Silver price in Ahmedabad:

  • 1 gram silver price is 72.55 Indian Rupee
  • 1 kg silver price is 72,550 Indian Rupee
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  • Today's Silver Rate In Ahmedabad ( 14 Aug 2020 )

    ₹ 65.01
    Today's Silver Rate per gram

    Compare Silver Rate In Ahmedabad (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Silver (1 gram) ₹ 65.01 ₹ 72.55 ₹ -7.54 ↓
    Bar Silver (1 Kg) ₹ 65,010 ₹ 72,550 ₹ -7,540 ↓

    Silver Price In Ahmedabad For Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    13 Aug 2020 ₹ 65.01 ₹ 65,010
    12 Aug 2020 ₹ 72.55 ₹ 72,550
    11 Aug 2020 ₹ 75.16 ₹ 75,160
    10 Aug 2020 ₹ 74.22 ₹ 74,220
    09 Aug 2020 ₹ 74.21 ₹ 74,210
    08 Aug 2020 ₹ 76.52 ₹ 76,520
    07 Aug 2020 ₹ 73.51 ₹ 73,510
    06 Aug 2020 ₹ 71.51 ₹ 71,510
    05 Aug 2020 ₹ 65.06 ₹ 65,060
    04 Aug 2020 ₹ 65.41 ₹ 65,410

    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.

    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.
    • The white metal 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; the metal 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 prices 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 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 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 the metal 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 the metal 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. The white metal 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.

    Also Check Silver Price in Metro Cities

    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 prices 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 metal 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 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.

    Also Check Silver Price in NearBy Cities of Ahmedabad

    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.

    Read more on Silver

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    News About Silver Rate in Ahmedabad

    • 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 reaches Rs.48,350 and silver prices stand at Rs.48,600

      On Friday the rates of the yellow metal had fallen from Rs.48,750 to Rs.48,350 per 10 gram. The prices of while silver had also fallen from Rs.50,050 to Rs.48,600 per kg.

      In the city of New Delhi, the rates of 22-carat gold had dipped to Rs.47,150 per 10 gram. In Chennai, the price had been Rs.46,540. In Mumbai, the rates of gold had been Rs.46,330.

      2 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 and gold prices see a minor fall due to stagnant demand

      Gold futures saw a minor dip in prices by Rs.31 to be priced at Rs.37,571 per 10 grams due to profit-booking by investors which majorly resulted due to low demand of the metal. Gold for delivery in October was trading by Rs.31 or 0.08% for a business volume of 2,095 lots.

      Coming to silver, the price of the white metal also saw a considerable fall in prices by Rs.280 to Rs.46,505 per kg in the futures trade as investors trimmed positions due to decreased demand and weak trends

      Silver in Ahmedabad for delivery in the month of December traded lower by Rs.280 or 0.6%. The price of the metal was priced at Rs.47,525 per kg in a business turnover of 61 lots.

      In the international market, the price of silver traded at 0.29% lower at $18.02 per ounce in New York.

      27 September 2019

    • Silver rate reduce due to low demand

      Silver futures prices reduced by Rs.163 on 20 September 2019 and hit Rs.46,443 for a kg. The main reason for the reduction in prices is because of the low demand even though globally there was a gain.

      Silver futures prices for December also reduced by Rs.163 and hit Rs.46,443 for a kg. Similarly, silver futures prices for March 2020 reduced by 0.27% and hit Rs.47,513 for a kg. However, in the international market, silver prices increased by 0.31% and hit $17.94 for an ounce. According to traders, the main reason for the reduction in prices is because of the off-loading due to low demand. Gold prices also reduced by Rs.129 on 20 September 2019 and hit Rs.37,557 for 10 grams. Gold futures prices for October reduced by 0.34% and hit Rs.37,557 for 10 grams. Gold futures prices for December reduced by Rs.126 and hit Rs.38,339 for 10 grams. However, in the international market, gold prices increased by 0.36% and hit $1,511.60 for an ounce. According to analysts, the main reason for the decrease in gold futures prices is because of profit-booking in the domestic market.

      20 September 2019

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