Silver Rate in Ahmedabad

  • Today's Silver Rate In Ahmedabad ( 15 Dec 2019 )
    ₹ 47.3
    Today's Silver Rate per gram
    Compare Silver Rate In Ahmedabad (Today & Yesterday)
    Today
    (15 Dec 2019)
    Yesterday
    (14 Dec 2019)
    Rate Change
    Silver (1 gram) ₹ 47.3 ₹ 47.3 ₹ 0 ↑
    Bar Silver (1 Kg) ₹ 47,300 ₹ 47,300 ₹ 0 ↑
    Silver Price In Ahmedabad For Last 10 Days
    Date Silver (1 gram) Bar Silver (1 Kg)
    15 Dec 2019 ₹ 47.3 ₹ 47,300
    14 Dec 2019 ₹ 47.3 ₹ 47,300
    13 Dec 2019 ₹ 47 ₹ 47,000
    12 Dec 2019 ₹ 47 ₹ 47,000
    11 Dec 2019 ₹ 46.5 ₹ 46,500
    10 Dec 2019 ₹ 46.4 ₹ 46,400
    09 Dec 2019 ₹ 46.5 ₹ 46,500
    08 Dec 2019 ₹ 46.6 ₹ 46,600
    07 Dec 2019 ₹ 46.6 ₹ 46,600
    06 Dec 2019 ₹ 47.6 ₹ 47,600

    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.

    What is the Silver Rate in Ahmedabad ?

    Silver Rate in Ahmedabad on 16 Dec 2019 for 1 gram silver is 47.0 Indian Rupee & for 1 Kg silver is 47,000 Indian Rupee.

    Trend of Silver Rate in Ahmedabad for November 2019 (rates per kg)

    Parameters Silver Price (per kg)
    November 1 Rate Rs.50,500 per kg
    November 30 Rate Rs.48,100 per kg
    Highest Rate in November Rs.50,700 per kg on 2 and 3 November
    Lowest Rate in November Rs.47,200 per kg on 9 and 10 November
    Overall Monthly Performance Decline
    Percentage Change -4.75%
    • Silver prices in Ahmedabad opened at Rs.50,500 per kg at the beginning of the month backed by the US Federal Reserve’s interest rate cut.
    • Silver prices were highest on 2 and 3 November at Rs.50,700 per kg with continuing uncertainty over the US-China trade war getting resolved.
    • By month end, silver prices were on a decline at Rs.48,100 per kg with the US-China trade war taking a turn for the worse as the US Government backed anti-government protestors in Hongkong.

    Trend of Silver Rate in Ahmedabad for October 2019 (rates per kg)

    Parameters Silver Price (per kg)
    October 1 Rate Rs.47,400 per kg
    October 31 Rate Rs.50,000 per kg
    Highest Rate in October Rs.50,400 per kg on 26 and 27 October
    Lowest Rate in October Rs.47,400 per kg on 1 October
    Overall Monthly Performance Incline
    Percentage Change 5.4%
    • Silver rates traded at Rs.47,400 per kg in Ahmedabad on 1 October. The drop-in rates happened due to the rise in dollar as the US economy growing stronger while at the same time lowered interest in the white metal as a safe investment with the US-China trade war continuing. This was also the lowest rate in October.
    • Silver prices rose to its highest by the end of the month, at Rs.50,400 per kg, just as tensions between US and China eased as the dollar capped strong gains as well.
    • The end of the month saw a steady 5.4% incline in silver rates as the dollar weakened after interest rates were cut by the Federal Reserve. This was with the caveat that further rate cuts would be paused riding on hopes of a truce in the US-China trade war which led to the incline in silver prices by month end.

    Trend of Silver Rate in Ahmedabad for September 2019 (rates per kg)

    Parameters Silver price (per kg)
    September 1 Rate Rs.51,600 per kg
    September 30 Rate Rs.48,500 per kg
    Highest Rate in September Rs.55,200 per kg on 4 September
    Lowest Rate in September Rs.48,500 per kg on 30 September
    Overall Performance Decline
    Percentage Change -6%
    • Silver prices in Ahmedabad opened at Rs.51,600 per kg on steady industrial demand despite conflicting overseas cues.
    • The metal was subject to fluctuations in demand due to tensions in the Middle East, which drove up bullion demand as prices rose to Rs.55,200 per kg on 4 September.
    • Demand was sluggish as equity markets recovered and interest in safe-haven assets fell, as silver prices dropped steadily.
    • The end of the month saw a continued fall in rates as retail demand plummeted on high import costs, with the metal ending the month at a monthly low of Rs.48,500 per kg on 30 September, with prices falling by 6% during the month.

    Trend of Silver Rate in Ahmedabad for August 2019 (rates per kg)

    Parameters Silver Price (per kg)
    August 1 Rate Rs.44,100 per kg
    August 31 Rate Rs.51,600 per kg
    Highest Rate in August Rs.52,200 per kg on 29 August
    Lowest Rate in August Rs.44,100 per kg on 1 August
    Overall Monthly Performance Incline
    Percentage Change 17%
    • The month began with silver prices in Ahmedabad opening at Rs.44,100 per kg due to declining retail demand but market volatility bolstered prices as the metal rose steadily.
    • An increase in tensions in the Middle East unsettled equity markets and impacted the dollar rate which resulted in investors increasing their bullion offtake, as the white metal rose to Rs.48,800 per kg on 13 August.
    • Prices remained static for a few days before dropping to Rs.47,800 per kg on 19 August on U.S. interest rate cut hopes and fears over a possible recession.
    • Despite fluctuations in overseas demand, local interest in silver remained high as industrial units and coin makers capitalized on a weak rupee, with prices rising to Rs.52,200 per kg on 29 August before settling at Rs.51,600 per kg when the month ended.

    Also Check Silver Price in Metro Cities

    Trend of Silver Rate in Ahmedabad for July 2019 (rates per kg)

    Parameters Silver Price (per kg)
    July 1 Rate Rs.40,500 per kg
    July 30 Rate Rs.44,800 per kg
    Highest Rate in July Rs.44,900 per kg on 25 July
    Lowest Rate in July Rs.40,400 per kg on 2 July
    Overall Monthly Performance Incline
    Percentage Change 10.61%
    • Silver rates in Ahmedabad opened relatively static at Rs.40,500 per kg on declining retail demand but market volatility bolstered prices as the metal traded at Rs.40,800 per kg on 8 July.
    • A rise in Middle East tensions unsettled markets and the dollar resulting in investors increasing their bullion offtake, as the industrial metal rose to Rs.41,300 per kg on 13 July.
    • Prices remained constant for a few days before a bullion rally led to the metal surging to Rs.44,500 per kg on 19 July on U.S. interest rate cut hopes and rising economic uncertainty.
    • Demand for silver remained high as industrial units and coin makers capitalized on a weak rupee, with prices rising to Rs.45,900 per kg on 25 July and settling at Rs.44,800 per kg when the month ended.

    Trend of Silver Rate in Ahmedabad for June 2019 (rates per kg)

    Parameters Silver Price (per kg)
    June 1 Rate Rs.39,400 per kg
    June 30 Rate Rs.40,800 per kg
    Highest Rate in June Rs.41,500 per kg on 21 June
    Lowest Rate in June Rs.39,400 per kg on 1 and 2 June
    Overall Monthly Performance Incline
    Percentage Change 3.55%
    • Demand for silver was on the rise after opening the month at Rs.39,400 per kg as renewed global uncertainty over the impact of trade disputes dented investor confidence in equity investments.
    • Prices rose to Rs.40,300 per kg on 6 June as the dollar dropped on weak U.S. jobs data, but a drop in local offtake resulted in prices falling marginally to Rs. 40,100 per kg from 14-18 June.
    • A steady U.S. dollar rate dampened interest from coin makers, but rising overseas industrial demand pushed prices up to Rs.41,500 per kg on 21 June. Local retail interest also rose on weak local equity performance, though prices dipped to Rs.41,200 per kg on 24 June.
    • Silver prices in Ahmedabad dropped marginally as the month progressed as the dollar recovered and domestic industrial demand fell, resulting in the metal trading at Rs.40,800 per kg to record a 3.55% overall rise in value during the month.

    Trend of Silver Rate in Ahmedabad for May 2019 (rates per kg)

    Parameters Silver Price (per kg)
    May 1 Rate Rs.40,500 per kg
    May 31 Rate Rs.39,400 per kg
    Highest Rate in May Rs.40,500 per kg on 1 and 2 May
    Lowest Rate in May Rs.39,200 per kg from 20-22 May
    Overall Monthly Performance Decline
    Percentage Change -2.71%
    • The silver rate in Ahmedabad at the start of May traded at Rs.40,500 per kg as industrial demand remained muted due to a steady U.S. dollar, which capped gains.
    • Despite ongoing tensions over the Sino-U.S. trade crisis, demand was sluggish as steady equities reduced investor interest in bullion, with local retail sales dropping steadily.
    • Weak demand from coin makers and a rally by the dollar resulted in silver rates in Ahmedabad plunging to a low of Rs.39,200 per kg on 20 May, though there was a marginal recovery as the week progressed due to fluctuating equity performance globally.
    • The end of the month saw silver rise to Rs.39,400 per kg as fears of a global trade war resulted in higher bullion offtake overseas, though the metal lost 2.71% in value during the month.

    Trend of Silver Rate in Ahmedabad for April 2019 (rates per kg)

    Parameters Silver Price (per kg)
    April 1 Rate Rs.40,600 per kg
    April 30 Rate Rs.40,500 per kg
    Highest Rate in April Rs.41,000 per kg on 1 April
    Lowest Rate in April Rs.40,200 per kg on 15 and 24 April
    Overall Monthly Performance Decline
    Percentage Change -0.24%

    Trend of Silver Rate in Ahmedabad for March 2019 (rates per kg)

    Parameters Silver Price (per kg)
    March 1 Rate Rs.42,700 per kg
    March 31 Rate Rs.40,600 per kg
    Highest Rate in March Rs.42,700 per kg on 1 March
    Lowest Rate in March Rs.40,200 per kg on 29 March
    Overall Monthly Performance Decline
    Percentage Change -4.91%
    • Interest in silver was on the decline as a reduction in industrial offtake impacted prices significantly, after the metal opened the month at Rs.42,700 per kg.
    • Silver prices in Ahmedabad dropped to Rs.41,500 per kg on 11 March after a period of relative stability as positive economic data boosted equity investments, with the metal dropping to Rs.41,000 per kg on 15 March.
    • Prices recovered marginally on renewed interest from coin makers as the rupee depreciated against the dollar, though prices initially fell to Rs.40,900 per kg on 19 March before rising to Rs.41,400 per kg on 24 March.
    • Fears of a global economic recession abated and reduced investor interest in bullion as silver prices fell towards the end of the month, with the metal trading at Rs.40,200 per kg on 30 March before recovering marginally to close at Rs.40,600 per kg on 31 March.

    Trend of Silver Rate in Ahmedabad for February 2019 (rates per kg)

    Parameters Silver Price (per kg)
    February 1 Rate Rs.43,900 per kg
    February 28 Rate Rs.43,300 per kg
    Highest Rate in February Rs.44,100 per kg on 5 February
    Lowest Rate in February Rs.42,700 per kg on 14 February
    Overall Monthly Performance Decline
    Percentage Change -1.36%
    • Rising interest in bullion and volatile equity markets propped up silver prices in Ahmedabad as the month began, with the metal trading at Rs.43,900 per kg on 1 February and rising to Rs.44,100 per kg on 6 February.
    • Fluctuations in retail offtake due to the dollar rate saw prices drop marginally to Rs.43,100 per kg on 12 February, as industrial units also reduced offtake due to the rising cost of imports.
    • Overseas demand was muted as Asian industrial orders were static which impacted global offtake, as silver rates fell to Rs.42,700 per kg on 14 February before investor interest bolstered demand to Rs.43,600 per kg on 18 February.
    • Prices fluctuated marginally as the ongoing Sino-U.S. trade talks and upcoming Fed report reduced investor interest in silver, resulting in the metal falling to Rs.43,300 per kg on 28 February and recording a 1.36% drop in value.

    Trend of Silver Rate in Ahmedabad for January 2019 (rates per kg)

    Parameters Silver Price (per kg)
    January 1 Rate Rs.41,500 per kg
    January 31 Rate Rs.43,900 per kg
    Highest Rate in January Rs.43,900 per kg on 30 and 31 January
    Lowest Rate in January Rs.41,400 per kg on 2 January
    Overall Monthly Performance Incline
    Percentage Change 5.78%
    • An increase in offtake from local industrial units and positive overseas cues resulted in silver prices in Ahmedabad rising steadily during the month.
    • The industrial metal traded at Rs.41,500 per kg on 1 January but prices soon rose to Rs.42,800 per kg on 10 January as coin makers increased orders due to cheaper import rates associated with a weak dollar.
    • Prices dipped for a few days as Asian demand continued to drop and local demand could not maintain rates, with silver trading at Rs.41,800 per kg on 22 January.
    • Fears over Brexit and rising market volatility resulted in an overall rise in bullion, as silver prices rose to Rs.42,100 per kg on 25 January before closing the month at Rs.43,900 per kg.

    Trend of Silver Rate in Ahmedabad for December 2018 (rates per gram)

    Parameters Silver Price (per kg)
    December 1 Rate Rs.38,500 per kg
    December 31 Rate Rs.41,500 per kg
    Highest Rate in December Rs.41,500 per kg on 31 December
    Lowest Rate in December Rs.38,500 per kg on 1 December
    Overall Monthly Performance Incline
    Percentage Change 7.79%

    Silver Rate Trend in Ahmedabad in December 2018:

    • In December 2018, due to the fall of the dollar against other currencies, the price of silver gradually increased through the month.
    • Silver opened the month at Rs.38,500 per kg and increased through the month. Post the US-China trade truce, the markets fell leading to the weakening of the dollar and the strengthening of the bullion.
    • Investors shifted focus to invest in the metal which led to global demand and hence the price of silver increased.
    • On 31 December, silver was priced at Rs.41,500 per kg recording a percentage incline of 7.79.

    Trend of Silver Rate in Ahmedabad for November 2018 (rates per kg)

    Parameters Silver price (per kg)
    November 1 Rate Rs.40,900 per kg
    November 30 Rate Rs.38,800 per kg
    Highest Rate in November Rs.41,500 per kg from 2-4 and 6 November
    Lowest Rate in November Rs.38,800 per kg on 30 November
    Overall Monthly Performance Decline
    Percentage Change -5.13%

    Silver Rate Trend in Ahmedabad for November 2018:

    • In line with trends seen across most cities, there was a sharp decline in silver rates in Ahmedabad as the rupee continued to fall against the dollar, pressuring local industrial demand for the metal.
    • The metal opened the month at Rs.40,900 per kg but prices dropped on poor offtake from overseas industrial units, as the ongoing Sino-U.S. trade dispute continued to affect Asian orders.
    • Prices dipped sharply towards the middle of the month, falling to Rs.39,800 per kg on 20 November as the dollar recovered on news of a possible interest rate hike and investors pulled out of bullion investments.
    • Silver rates failed to recover from the steady drop in overall demand, trading at Rs.38,800 per kg on 30 November to record a fall of 5.13% during the month.

    Trend of Silver Rate in Ahmedabad for October 2018 (rates per gram)

    Parameters Silver price (per kg)
    October 1 Rate Rs.41,100 per kg
    October 31 Rate Rs.41,200 per kg
    Highest Rate in October Rs.42,000 per kg on 3 October
    Lowest Rate in October Rs.41,100 per kg on 1 and 2 October
    Overall Monthly Performance Incline
    Percentage Change 0.24%

    October 2018 - Week 1 (1 - 7):

    • When trading began for the week, silver in Ahmedabad was recorded trading at Rs.41,000 per kg on the 1st with steady demand from local industries and jewellers.
    • With the dollar value dropping amid market speculations ahead of the US Fed Reserve meeting, silver prices surged to Rs.42,000 per kg on the 3rd.
    • Trading closed for the week with silver priced at Rs.41,900 per kg on the 7th, recording a Rs.800 incline in silver rates from the first day’s price.

    October 2018 - Week 2 (8 - 14):

    • The week began with the white metal priced at Rs.41,500 per kg on the 8th with subdued but steady demand from domestic industrial units and coin makers amid the firm trend overseas.
    • Silver rates in Ahmedabad dropped to Rs.41,200 per kg the following day with demand on the decline amid the recovering decline.
    • The week came to an end with silver trading at Rs.41,500 per kg on the 14th - the same rate as on the week’s start.

    October 2018 - Week 3 (15 - 21):

    • Trading commenced for the week with silver rate in Ahmedabad holding at Rs.41,900 per kg on the 15th.
    • Though prices dropped to Rs.41,400 per kg on account of poor local demand over the next couple of days, demand picked up gradually amid the tumbling equity markets and silver was priced at Rs.41,700 per kg on the 19th.
    • The last two days saw the industrial metal priced at Rs.41,500 per kg and Rs.41,400 per kg respectively with the market participants refraining from purchases amid the weak trends overseas.

    October 2018 - Week 4 (22 - 28):

    • The penultimate week began with silver price in Ahmedabad holding at Rs.41,500 per gram with subdued but steady demand from jewellers and industries amid favourable market cues.
    • The volatile markets coupled with the falling rupee value, however, led to silver rates surging to Rs.41,900 per kg on the 24th.
    • Trading closed for the week with silver finishing at Rs.41,700 per kg on the 28th with investor demand stabilizing amid the regaining dollar.

    October 2018 - Week 5 (29 - 31):

    • The final week started off with silver trading at Rs.41,600 per kg on the 29th as domestic markets failed to capitalise on the previous week’s gains.
    • Poor domestic demand coupled with weak global cues led to silver prices holding at Rs.41,200 per kg for the remainder of the month.
    • Silver trade witnessed a rise of 0.24% in price trends owing to the rising crude oil prices and dropping rupee that led to prices surging during the course of the month.

    Trend of Silver Rate in Ahmedabad for September 2018 (rates per gram)

    Parameters Silver price (per kg)
    September 1 Rate Rs.40,000 per kg
    September 30 Rate Rs.41,200 per kg
    Highest Rate in September Rs.41,200 per kg on 29 and 30 September
    Lowest Rate in September Rs.39,500 per kg on 5, 7, 15-16 September
    Overall Monthly Performance Incline
    Percentage Change 3%

    September 2018- Week 1 (1-8)

    • When the trading for silver opened for the month of September, the metal was priced at Rs.40,000 per kg.
    • However, in the following days silver rates drifted and hit Rs.40,000 on 3th and further slipped and hit a monthly low of Rs.39,500 per kg on 5th September.
    • However, during the end of the week, silver prices recovered and closed at Rs.39,700 per kg as the ongoing trade war negatively affected the stock market and investors preferred safe-haven assets.

    September 2018- Week 2 (9-15)

    • The price of silver remained unchanged and continued to trade at Rs.39,700 per kg on the first day of the week as the local demand for the metal was stable.
    • Meanwhile, the value of the dollar weakened as the US inflation data was not as bad as expected and it dimmed the policy tightening case proposed by the US Federal Reserve.
    • Silver rates inclined and traded at Rs.39,900 per kg from 11 to 13 of the month before falling to Rs.39,800 per kg on the 14 due to poor demand.
    • Fluctuating dollar fortunes led to a dip in silver rates on 15 September, silver rates dropped and closed at Rs.39,500 per kg.

    September 2018- Week 3 (16-22)

    • The price of silver stood at Rs.39,500 per kg on 16 September and quickly recovered during the week as the US dollar fluctuated due to trade war tension and steady local demand.
    • As the demand for the metal picked up, silver prices surged and traded at Rs.39,700 per kg on 17 and further increased to Rs.39,800 per kg and Rs.40,000 per kg on 18 and 19 September respectively.
    • The price of silver further inclined and traded at Rs.40,100 per kg on 20 and 21 September before closing at Rs.40,300 per kg on 22 as the value of the rupee fell and the global trade tensions continued.

    September 2018- Week 4 (23-30)

    • At the beginning of the fourth week, silver traded at Rs.40,300 per kg on 23 September in Ahmedabad.
    • Silver rates fell to Rs.40,000 per kg on 24 September due to weak demand. However, the price of the metal quickly recovered and surged to Rs.40,200 per kg on 25 and further inclined to Rs.40,800 per kg on 26 September.
    • On 29 and 30 September, silver prices in Ahmedabad hit a monthly high of Rs.41,200 per kg and recorded an overall incline of 3% for the month.

    Trend of Silver Rate in Ahmedabad for August 2018 (rates per gram)

    Parameters Silver price (per kg)
    August 1 Rate Rs.41,400 per kg
    August 31 Rate Rs.40,300 per kg
    Highest Rate in August Rs.41,400 per kg on 1 and 9 August
    Lowest Rate in August Rs.39,800 per kg on 24 August
    Overall Monthly Performance Decline
    Percentage Change -2.65%

    August 2018 - Week 1 (1 - 05):

    • Silver was traded at Rs.41,400 per kg on 1 August 2018 in Ahmedabad. The first day of the month, the highest silver rate was recorded for August in the city. This was mainly due to the steady retail and industrial demand for the metal.
    • On 2 August, the price of the metal fell due to a fall in demand and traded at Rs.41,100 per kg.
    • On 4 August, as the retail demand for silver picked up, the price of the metal increased by Rs.200 per kg and traded at Rs.41,300 per kg.
    • On 5 August, silver closed at Rs.41,300 per kg.

    August 2018 - Week 2 (6 - 12):

    • Silver continued to trade at Rs.41,300 per kg on 6 August.
    • The value of the US dollar increased compared to other currencies as the US unemployment data revealed positive changes for the economy.
    • Silver prices fell to Rs.41,200 per kg as the value of the US dollar inclined.
    • On 9 August, silver rate in Ahmedabad increased slightly and traded at Rs.41,400 per kg. On this day, silver recorded the highest silver rate in Ahmedabad once again for the month.
    • On 10 August, silver rates fell and traded at Rs.41,100 per kg due to poor local demand. Throughout the week, demand for the metal played a huge role in determining silver prices in Ahmedabad.
    • Silver closed at Rs.41,200 per kg.

    August 2018 - Week 3 (13 - 19):

    • Silver continued to trade at Rs.41,200 per kg on 13 August.
    • On 14 August, as the local demand for the metal fell, there was a fall in silver prices in Ahmedabad. On this day, silver traded at Rs.40,900 per kg.
    • As the value of the dollar further increased, the price of the metal fell further in Ahmedabad
    • As the demand for the metal remained stable throughout, the incline in the value of the US dollar did not cause silver rates to fall. Silver prices rose to Rs.41,100 per kg on 15 August.
    • However, due to weak overseas trend, silver rates fell to Rs.39,900 per kg on 16 August.
    • Silver traded at Rs.40,000 per kg from 17 to 19 August.

    August 2018 - Week 4 (20 - 26):

    • Silver started at Rs.40,000 per kg on 20 August.
    • On 22 August, the price of silver fell by Rs.100 per kg and traded at Rs.40,100 per kg.
    • Silver rates fell significantly as the value of the US dollar grew stronger and stronger and traded at Rs.39,900 on 23 August.
    • As the local demand for the metal also fell, the lowest silver rate for the month of August in Ahmedabad was recorded on 24 August when the metal traded at Rs.39,800 per kg.
    • On 26 August, silver closed at Rs.40,200 per kg.

    August 2018 - Week 5 (27 - 31):

    • Silver continued traded at Rs.40,200 per kg on 27 August as the demand for the metal did not drop in the city.
    • Silver was sold at Rs.40,400 per kg on 28 August.
    • As the value of the US dollar started recovering, silver prices fell marginally during the last two days of the month and closed at Rs.40,300 per kg.
    • Overall, silver prices marked a 2.65% declining curve for the month of August in Ahmedabad.

    Trend of Silver Rate in Ahmedabad for July 2018 (rates per kg)

    Parameters Silver price (per kg)
    July 1 Rate Rs.42,800 per kg
    July 31 Rate Rs.41,400 per kg
    Highest Rate in July Rs.42,900 per kg from 9 - 10 July
    Lowest Rate in July Rs.41,200 per kg from 28 - 29 July
    Overall Monthly Performance Decrease
    Percentage Change -3.27%

    July 2018- Week 1 (1-10)

    • The month of July commenced with the silver price in Ahmedabad at Rs.42,800 per kg.
    • The city saw a slight dip in the silver price on 3 July due to the reduction in industrial demand. Silver price in Ahmedabad dropped marginally to Rs.42,400 per kg.
    • The price of the metal then rose to Rs.42,800 and remained stagnant for the following few days. This can be linked to the local industrial offtake that had been fluctuating.
    • At the end of week 1, during 9 - 10 July, the silver rate increased to Rs.42,900 per kg. Positive market trends along with the value of the dollar declining over other currencies may have been the cause for the increment.

    July 2018- Week 2 (11-17)

    • During the beginning of the second week of July, the silver price dropped to Rs.42,600, due to the drop in demand for the metal.
    • As industrial demand for silver reduced during the second week of July, the price of the metal dropped as well. The price from 12 - 14 July stood at roughly Rs.42,200.
    • Demand for silver then stabilised, and silver prices continued to be relatively stable. Silver rate in Ahmedabad on 16 July stood at Rs.42,300 per kg.
    • The price then increased towards the end of the week, and stood at Rs.42,100 per kg on 17 July.

    July 2018- Week 3 (18 - 24)

    • The price of silver on the third week of July declined when compared to the previous week of July. The price of the metal on 18 July stood at Rs.41,700 per kg. This can be associated to decreased industrial demand for silver during the same time.
    • Due to the rise in dollar value, silver prices fell further to Rs.41,300 per kg on 20 July.
    • Demand for the metal increased in the following few days which led to the increment in the silver rate. The price of silver in Ahmedabad on 21 - 22 July stood at Rs.41,700 per kg.
    • The price of the metal the declined towards the end of the week in Ahmedabad as it stood at Rs.41,400 per kg on 24 July.

    July 2018- Week 4 (25 - 31)

    • Steady industrial demand for the metal caused the price of silver to drop to Rs.41,500 per kg on 25 July.
    • Due to the decline of dollar value, silver prices spiked on 26 July to Rs.41,800 per kg. However, demand for the metal dropped which naturally caused the decline in silver prices over the next few days.
    • As on 28 - 29 July, the price of silver stood at Rs.41,200 per kg.
    • By the end of the month, the price of silver increased as dollar rates dropped slightly. The metal stood at Rs.41,400 on 30 - 31 July.

    Trend of Silver Rate in Ahmedabad for June 2018 (rates per kg)

    Parameters Silver price (per kg)
    June 1 Rate Rs.42,800 per kg
    June 30 Rate Rs.42,800 per kg
    Highest Rate in June Rs.45,000 per kg on 15 June
    Lowest Rate in June Rs.42,600 per kg from 2 to 5 June
    Overall Monthly Performance Steady
    Percentage Change 0.00%

    June 2018 - Week 1 (1 - 10):

    • Trading commenced for the month with silver in Ahmedabad priced at Rs.42,800 per kg on the 1st with steady local demand from coin manufacturers and industrial units amid firm global cues.
    • With the US dollar recovering lost ground amid the well-performing equities, demand for the metal dropped and silver price was recorded holding at Rs.42,600 per kg.
    • Demand, however, picked up over the next couple of days as investors and market participants speculated over contradicting opinions between heads of the participating nations at the G7 summit.
    • Trading ended for the week with silver rate in Ahmedabad holding at Rs.43,700 per kg o the 10th with strong industrial offtake by coin makers and industries amid favourable market trends.

    June 2018 - Week 2 (11 - 17):

    • The week began with silver in Ahmedabad trading at Rs.43,900 per kg on the 11th as local demand stabilised amid the recovering greenback and rising stock markets.
    • However, with the US dollar index losing against other apex currencies ahead of the US Federal Reserve’s two-day monetary policy review, demand surged during the week.
    • Silver price was recorded holding at Rs.45,000 per kg - the highest recorded monthly figure - on the 15th with strong global demand coupled with positive market cues.
    • The week concluded with silver rate closing at Rs.44,300 per kg on the 17th, thanks to subdued but steady demand from local industrial units and coin manufacturers amid the firm trend overseas.

    June 2018 - Week 3 (18 - 24):

    • The third week began with silver in Ahmedabad trading at Rs.43,400 per kg on the 18th with poor demand from local industries amid the strong US dollar and equities.
    • With domestic demand suppressed by the strengthening greenback, prices dropped further during the week and silver rate in Ahmedabad was recorded holding at Rs.43,100 per kg on the 20th.
    • Silver price declined further during the week with retailers and industries refraining from making purchases. The white metal was recorded trading at Rs.42,900 per kg on the 21st.
    • Poor demand coupled with weak global cues led to silver finishing at Rs.42,900 per kg on the 24th.

    June 2018 - Week 4 (25 - 30):

    • When trading commenced for the last week, silver was priced at Rs.43,200 per kg on the 25th with domestic markets picking up pace amid the losing dollar and equities.
    • However, with the US dollar index regaining lost ground against a basket of other major currencies, demand for the metal plunged over the next couple of days and silver was recorded trading at Rs.43,000 per kg.
    • Weak global cues coupled with reduced domestic demand from industries and coin manufacturers led to silver being priced at Rs.42,800 per kg on the 30th.
    • Thanks to steady demand from domestic markets brought about by positive cues overseas, silver trade remained consistent for much of the month in Ahmedabad.

    Trend of Silver Rate in Ahmedabad for May 2018 (rates per kg of silver)

    Parameters Silver price (per kg)
    May 1 Rate Rs.42,000 per kg
    May 31 Rate Rs.43,100 per kg
    Highest Rate in May Rs.43,800 per kg on 25 May
    Lowest Rate in May Rs.42,000 per kg on 1 May
    Overall Monthly Performance Incline
    Percentage Change 2.61%

    May 2018 - Week 1 (1st - 6th):

    • In Ahmedabad, trading opened for the month with the white metal priced at Rs.42,000 per kg on the 1st as domestic demand declined amid the poor trend overseas.
    • Demand, however, picked up over the next couple of days with tensions between the US and North Korea supporting investor demand for safe-haven assets such as the bullion.
    • An increase in industrial offtake for the metal brought about by the positive trend overseas led to silver being priced at Rs.42,600 per kg on the 3rd.
    • Trading concluded for the week with silver rate in Ahmedabad holding firm at Rs.42,600 per kg on the 6th with steady demand from coin manufacturers and industries amid positive global cues.

    May 2018 - Week 2 (7th - 13th):

    • The week began with silver priced at Rs.43,200 per kg on the 7th as market speculations amid the US-Sino trade talks led to prices surging by Rs.600 from the previous session.
    • Trading witnessed slight drops in demand before rising geopolitical tensions helped safe-haven demand improving during the week.
    • With the US dollar rising against a basket of other apex currencies, silver was recorded trading at Rs.43,000 per kg on the 8th.
    • As the week progressed, the US stock markets tumbled with market participants speculating on the US-North Korean summit, pushing demand higher for commodity assets such as gold and silver.
    • The industrial metal was recorded trading at Rs.43,300 per kg on the 10th before surging further to Rs.43,500 per kg on the 11th with steady investor demand amid the positive trend overseas.
    • The week came to an end with the white metal priced at Rs.43,500 per kg on the 13th with consistent demand from industries and coin makers.

    May 2018 - Week 3 (14th - 20th):

    • The third week began with silver prices holding at Rs.43,600 per kg on the 14th as the US dollar lost ground after the news about the US-North Korean summit being called off broke out.
    • The greenback, however, recovered over the next few days with the dollar index improving against other major currencies. This led to industrial demand dropping during the week.
    • On the 15th, silver was recorded trading at Rs.43,300 per kg before plummeting to Rs.43,000 per kg on the 16th amid the weak trend overseas.
    • Prices rebounded to Rs.43,200 per kg on the 17th, but with global demand held in check by the strong dollar, silver rate in Ahmedabad dropped to Rs.43,000 per kg on the 18th.
    • The week ended with silver price in Ahmedabad closing at Rs.43,100 per kg on the 20th.

    May 2018 - Week 4 (21st - 27th):

    • Trading opened for the week with silver rate in Ahmedabad holding at Rs.43,100 per kg on the 21st with consistent industrial demand at the domestic level.
    • With political uncertainties rising in Europe and the Middle East, investors gravitated towards assets considered safer during the week. This led to prices rising to Rs.43,500 per kg on the 23rd.
    • Silver rate in Ahmedabad plunged to Rs.43,300 per kg on the 24th before rebounding to Rs.43,800 per kg - the highest recorded monthly figure - on the 25th amid the strong market trend overseas.
    • Trading closed for the week with the white metal priced at Rs.43,600 per kg on the 27th as demand stabilised amid the recovering US dollar and equities.

    May 2018 - Week 5 (28th - 31st):

    • When trading began for the final week, silver rate in Ahmedabad were recorded holding at Rs.43,000 per kg on the 28th with domestic demand capped by the strong greenback.
    • Prices rose to Rs.43,100 per kg on the 29th before plummeting to Rs.42,900 per kg on the 30th on account of revived market sentiments on the US-North Korean summit cues.
    • Trading came to an end with the white metal priced at Rs.43,100 per kg on the 31st with subdued but steady demand for the industrial metal.
    • Thanks to the strong global cues and market trends that pushed demand higher for safe-haven assets, Ahmedabad registered an increase of 2.61% in silver price in Ahmedabad during the course of the month.

    Trend of Silver Rate in Ahmedabad for April 2018 (rates per kg)

    Parameters Silver price (per kg)
    April 1 Rate Rs.41,400 per kg
    April 30 Rate Rs.42,300 per kg
    Highest Rate in April Rs.43,800 per kg on 20 and 22 April
    Lowest Rate in April Rs.41,000 per kg on 5 April
    Overall Monthly Performance Incline
    Percentage Change 2.17%

    April 2018 - Week 1 (1st - 7th):

    • Silver was priced at Rs.41,400 per kg when trading started for the month of April in Ahmedabad.
    • This happened due to considerable fluctuations in the US dollar brought about by a weak stock market.
    • As demand increased, silver rate in Ahmedabad went up to Rs.41,600 per kg on the 3rd of the month before sliding to Rs.41,300 per kg on the 4th owing to an improved dollar.
    • Cues remained weak for the week, and silver price in Ahmedabad seemed to fluctuate even more. They went down to Rs.41,000 per kg on the 5th before stabilising to end at R.41,200 per kg on the 7th.
    • At the time of closing for the week, the white metal was priced at Rs.41,200 per kg.

    April 2018 - Week 2 (8th - 15th):

    • Silver rate in Ahmedabad were holding at Rs.41,200 per kg when the second week of April opened for trading.
    • The US markets plummeted, and with it the US dollar, as demand surged in both local and international markets.
    • The prime reason for this was the suspected chemical attack in Syria, which caused precious metal demand to rise.
    • By the 11th, silver price in Ahmedabad had risen to Rs.41,700 per kg, as an increased demand from local investors also surged.
    • Demand continued to hold steady due to which rates went up to Rs.42,000 per kg on the 12th before dropping to Rs.41,600 per kg on the 13th as a gaining US dollar curbed any further advances in bullion prices.
    • A rise in prices were recorded on the 14th after US strikes on Syria caused silver demand to rise. Over the 14th and 15th of the month, silver traded at RS.41,900 per kg.

    April 2018 - Week 3 (16th - 22nd):

    • Change in overnight cues helped silver rates to open at Rs.42,100 per kg - a Rs.200 increase from the previous week’s closing price.
    • Silver price in Ahmedabad surged consistently over the next few days as a number of conflicts relating to the US helped safe haven assets to gain considerably.
    • The 19th saw silver trade at RS.43,700 per kg -a strong rise of over Rs.1000 per kg before another rise was recorded on the 20th.
    • During the 20th and the 22nd - the final day of the week, silver traded at Rs.43,800 per kg - the month’s highest rates as demand was on the rise amid a weak dollar.

    April 2018 - Week 4 (23rd - 30th):

    • The final week of April opened for trading with the metal trading at Rs.43,700 per kg. This week saw the US dollar gain considerably against other major currencies.
    • A rising dollar brought about a decline in silver prices this week.
    • On the 24th, silver rates went down to Rs.43,000 per kg before inclining slightly to Rs.43,100 per kg on the 25th.
    • By the 27th and 28th, silver rate in Ahmedabad went down to Rs.42,800 per kg as local demand plummeted ahead of a weak demand.
    • On the final day of this month, silver was seen holding at Rs.42,300 per kg - a Rs.1400 drop compared to the week’s opening rates.
    • Silver price in Ahmedabad recorded a 2.17% incline this month, thanks to strong cues from the international market.

    Trend of Silver Rate in Ahmedabad for March 2018 (rates per kg)

    Parameters

    Silver price (per kg)

    March 1 Rate

    Rs.41,100 per kg

    March 31 Rate

    Rs.41,400 per kg

    Highest Rate in March

    Rs.41,900 per kg on 7 March

    Lowest Rate in March

    Rs.41,000 per kg on 19 and 21 March

    Overall Monthly Performance

    Incline

    Percentage Change

    0.72%

    March 2018 – Week 1 (1 – 4):

    • The first week witnessed silver prices rising with shaky equity markets and dollar performances pushing demand higher for the white metal during the week.
    • The week began in Ahmedabad with silver priced a Rs.41,100 per kg on the 1st amid firm overseas trends.
    • Rates surged to Rs.41,400 per kg on the 2nd after the US dollar index lost against a basket of other major emerging currencies in the international market.
    • The weakened US dollar coupled with bullish demand for the metal led to silver price in Ahmedabad rising to Rs.41,600 per kg on the 3rd.
    • Strong trends overseas coupled with steady demand from local industrial units and coin makers led to silver rates holding firm at Rs.41,600 per kg for the remainder of the week.

    March 2018 – Week 2 (5 – 11):

    • The second week began with silver price in Ahmedabad holding at Rs.41,600 per kg on the 5th amid firm trends from the previous week.
    • The 6th saw prices plunging to Rs.41,400 per kg following a decline in demand with the rising dollar and equities.
    • Silver rate in Ahmedabad surged to Rs.41,900 per kg on the 7th as demand surged with the US dollar index tumbling amid an unevenly performing equities market.
    • The dollar, however, regained lost ground from the previous day’s losses due to which demand declined. This led to prices dropping to Rs.41,500 per kg on the 8th.
    • Silver prices plunged further to Rs.41,300 per kg the next day after the US greenback held on to its gains from its previous session.
    • However, the next couple of days saw demand picking up due to market uncertainties which pushed the dollar lower.
    • The week came to an end with the industrial metal trading at Rs.41,600 per kg on the 11th with steady demand from industries and coin makers.

    March 2018 – Week 3 (12 – 18):

    • Trading commenced for the week with the white metal priced at Rs.41,600 per kg on the 12th with demand remaining unchanged from the previous week.
    • The US dollar rose after the US employment data reported an increase in the number of jobs associated to the country’s economy. This led to silver being priced at Rs.41,400 per kg on the 13th.
    • Silver price in Ahmedabad rose to Rs.41,700 per kg on the 14th after the greenback lost significant ground with markets shaken by the abrupt dismissal of Rex Tillerson the US Secretary of State by the White House.
    • However, with markets speculating over the possibilities of a Fed rate hike by the central bank next week, the dollar rebounded. This led to silver rate in Ahmedabad dropping to Rs.41,500 per kg on the 15th.
    • The next couple of days saw silver rates dropping significantly amid the rising dollar and recovering equities. The white metal was priced at Rs.41,300 per kg on the 16th before plunging further to Rs.41,100 per kg on the 17th amid the poor market trends overseas.
    • When the week came to an end, the industrial metal prices were recorded holding at Rs.41,100 per kg on the 18th with subdued demand by industrial units and coin makers amid weak global cues.

    March 2018 – Week 4 (19 – 25):

    • The fourth week began with silver trading at Rs.41,000 per kg on the 19th with the greenback holding on its previous rally of gains in the international market.
    • The 20th saw silver rate in Ahmedabad rebounding to Rs.41,200 per kg with demand improving after the domestic bullion tracked a positive market trend overseas.
    • Demand, however, couldn’t keep up against the strong dollar and equities and prices dropped to Rs.41,000 per kg on the 21st.
    • With investors and stockists gravitating towards safe-haven assets amid the unevenly performing share markets, demand for the white metal rose. This led to silver being priced at Rs.41,500 per kg the following day.
    • Silver price in Ahmedabad surged further to Rs.41,600 per kg on the 23rd after demand rose with overseas markets bracing for a possible US interest rate hike by the Federal Reserve during the month.
    • When trading concluded for the month, the metal was priced at Rs.41,600 per kg on the 25th with steady demand from industrial units and coin makers amid the positive overseas trends.

    March 2018 – Week 5 (26 – 31):

    • The final week began in Ahmedabad with the industrial metal trading firm at Rs.41,600 per kg on the 26th amid firm market trends.
    • On the 27th, silver prices rose to Rs.41,800 per kg following an incline in safe-haven demand for the metal with diplomatic relations between the US and Russia deteriorating.
    • However, with the US dollar index rising against a basket of other major emerging currencies amid firmer equities. Silver rate in Ahmedabad plunged to Rs.41,500 per kg the next day.
    • Strong dollar performances coupled with rising equites led to silver rates dropping further to Rs.41,400 per kg on the 29th.
    • Subdued but steady demand from industrial units and coin makers despite the poor trends overseas led to silver price in Ahmedabad remaining untouched at Rs.41,400 per kg for the rest of the month.
    • Positive trends overseas coupled with improved domestic demand for the metal led to silver prices in Ahmedabad rising by 0.72% over the course of the month.

    Trend of Silver Rate in Ahmedabad for February 2018 (rates per kg)

    Parameters Silver price (per kg)
    February 1 Rate Rs.42,600 per kg
    February 28 Rate Rs.41,200 per kg
    Highest Rate in February Rs.42,600 per kg on 1 and 2 February
    Lowest Rate in February Rs.40,600 per gram on 10 and 11 February
    Overall Monthly Performance Decline
    Percentage Change -3.28%

    February 2018 - Week 1 (1st - 4th):

    • The month began in Ahmedabad with the white metal trading at Rs.42,600 per kg on the 1st after the US dollar weakened ahead of the US employment data. This was also the lowest monthly figure recorded in the city.
    • Silver rate in Ahmedabad remained unaltered at Rs.42,600 per kg on the 2nd owing to strong domestic demand amid the positive global cues.
    • However, the US dollar index rose against other emerging currencies after the US payrolls data proved to be stronger than expected. This led to silver price in Ahmedabad plunging to Rs.41,700 per kg on the 3rd.
    • Thanks to the subdued but steady demand from industries and coin manufacturers, the rest of the week saw the industrial metal prices holding steady at Rs.41,700 per kg on the 4th.

    February 2018 - Week 2 (5th - 11th):

    • When trading commenced for the second week, silver was priced relatively lower at Rs.41,500 per kg on the 5th after demand for the metal declined amid weak global cues.
    • Though rates rose to Rs.41,900 per kg the next day, silver prices plunged to Rs.41,400 per kg on the 7th with the US dollar index rising against other apex currencies in the international market.
    • Poor trends overseas compounded by weak demand resulted in silver rate in Ahmedabad dropping further to Rs.40,800 per kg on the 8th.
    • The 9th saw the white metal rates rebounding to Rs.41,000 per kg following an unexpected incline in domestic demand despite the poor trend overseas.
    • However, with the dollar and equities market performing well in the international trade, silver price in Ahmedabad plummeted to Rs.40,600 per kg on the 10th. This was also the lowest recorded monthly figure in the city.
    • The week concluded with the industrial metal trading at Rs.40,600 per kg on the 11th with poor demand amid the weak trends overseas.

    February 2018 - Week 3 (12th - 18th):

    • Poor dollar performances coupled with weakly performing equities resulted in silver prices rising considerably during the course of the week.
    • The week began with silver priced relatively higher at Rs.40,900 per kg on the 12th with the US dollar losing ground ahead of the US inflation data.
    • The next couple of days saw silver rate in Ahmedabad rising after markets awaited the inflation data for clues on the pace of Fed rate hikes during the year. The white metal was recorded trading at Rs.41,300 per kg on the 13th before rising to Rs.41,400 per kg on the 14th amid the positive trends overseas.
    • Prices surged to Rs.41,800 per kg on the 15th before plunging to Rs.41,700 per kg on the 16th with the US dollar strengthening following the US inflation data.
    • With investors and traders gravitating on safe-haven assets to hedge against inflation concerns, demand for the metal surged. This led silver price in Ahmedabad holding steady at Rs.41,700 per kg for the remainder of the week.

    February 2018 - Week 4 (19th - 25th):

    • The fourth week commenced with the industrial metal priced at Rs.41,600 per kg on the 19th.
    • However, silver rate in Ahmedabad plunged to Rs.41,200 per kg the next day after the US dollar strengthened against other emerging currencies.
    • Though rates remained untouched at Rs.41,200 per kg on the 21st amid the poor trends overseas, silver price in Ahmedabad rebounded to Rs.41,400 per kg the next day with an increase in demand from local industries and coin manufacturers.
    • Prices surged further to Rs.41,600 per kg on the 23rd with the US dollar index and equities market losing in the international market.
    • The 24th saw rates declining slightly to Rs.41,500 per kg after domestic demand stabilised amid the firm trends overseas.
    • Thanks to steady demand from industries and coin makers, the rest of the week saw silver trading firm at Rs.41,500 per kg amid the positive trend overseas.

    February 2018 - Week 5 (26th - 28th):

    • When trading commenced for the last week, silver prices in Ahmedabad were recorded holding at Rs.41,600 per kg on the 26th.
    • Silver rate in Ahmedabad surging to Rs.41,700 per kg on the 27th as markets were shaky.
    • The month came to an end with the industrial metal trading at Rs.41,200 per kg on the 28th with silver trade in Ahmedabad registered a loss of 3.28% during the course of the month.

    Trend of Silver Rate in Ahmedabad for January 2018 (rates per kg)

    Parameters Silver price (per kg)
    Silver rate on 1st January 2018 Rs.38,925 per kg
    Silver rate on 31st January 2018 Rs.42,200 per kg
    Highest Rate in January Rs.42,700 per kg on 29 January
    Lowest Rate in January Rs.38,925 per kg on 1, 2 and 10 January
    Overall Monthly Performance Incline
    Percentage Change 8.41%

    January 2018 - Week 1 (1 - 7):

    • When trading began in Ahmedabad, silver was recorded trading at Rs.38,925 per kg on the 1st This was also the lowest recorded monthly figure in the city.
    • Thanks to steady demand from local coin makers and industrial units, prices remained untouched at Rs.38,925 per kg the next day.
    • Silver rate in Ahmedabad surged to Rs.39,110 per kg on the 3rd before plunging to Rs.38,995 per kg on the 4th after demand for the metal declined amid the strengthening US dollar.
    • However, demand picked up with the dollar index losing against a basket of other emerging currencies towards the end of the week.
    • Silver price in Ahmedabad rose to Rs.39,265 per kg on the 5th which rose further to Rs.39,355 per kg on the 6th following an increase in demand amid the positive trends overseas.
    • Steady demand coupled with strong global cues resulted in silver rates remaining untouched at Rs.39,355 per kg for the remainder of the week.

    January 2018 - Week 2 (8 - 14):

    • Silver price in Ahmedabad were recorded holding steady at Rs.39,355 per kg on the 8th when the week began amid positive overseas trends.
    • However, with the US dollar gaining against other apex currencies in the global markets, demand for the metal declined. This led to the metal being priced Rs.39,115 per kg and Rs.38,925 per kg on the 9th and the 10th respectively.
    • However, with demand picking up after an increase in offtake by industries and coin makers, prices surged to Rs.39,110 per kg on the 11th.
    • Strong global cues coupled with steady domestic demand resulted in the white metal prices remaining untouched at Rs.39,110 per kg the following day.
    • Silver rates rose to Rs.39,265 per kg on the 13th which surged further to Rs.39,355 per kg on the 14th due to a decline in the US dollar index value in the international markets.

    January 2018 - Week 3 (15 -21):

    • The third week saw silver prices rising initially before plummeting on poor global cues towards the end of the week.
    • Silver was recorded trading relatively higher at Rs.39,680 per kg on the 15th as demand for the metal picked up amid the weakening equities and the US greenback.
    • Silver Price in Ahmedabad dropped slightly to Rs.39,670 per kg on the 16th and continued to remain unchanged at the same rate the next day.
    • The US dollar, however, regained lost ground and pushed demand lower for the industrial metal. This led to silver being priced at Rs.39,265 per kg on the 18th.
    • Though the white metal prices dropped to Rs.39,115 per kg on the 19th, silver rates rebounded to Rs.39,265 per kg on the 20th following an uncharacteristic increase in demand in the domestic markets.
    • Steady demand from coin manufacturers and industries despite the weak global cues resulted in the industrial metal being priced at Rs.39,265 per kg for the rest of the week.

    January 2018 - Week 4 (22 -28):

    • Strong safe-haven demand compounded by positive global cues resulted in silver rates rising significantly during the week.
    • When trading began for the week, the industrial metal was priced at Rs.39,265 per kg on the 22nd.
    • Steady domestic demand from local coin makers and industrial units amid the firm trends overseas resulted in the metal prices holding steady at Rs.39,265 per kg until the 24th.
    • The 25th, however, saw silver rates surging to Rs.40,285 per kg on the 25th after investors and traders speculating over possible US government shutdown concerns ramped up safe-haven purchases.
    • Thanks to strong global demand amid the strong global cues, prices remained untouched at Rs.40,285 per kg until the end of the week.

    January 2018 - Week 5 (29 - 31):

    • The final week commenced with silver opening on a stronger note with the metal priced at Rs.42,700 per kg - the highest recorded monthly figure- on the 29th with an increased domestic demand brought about the positive trends overseas.
    • However, with markets eyeing on the two-day monetary policy meeting at the US Federal Reserve, the US dollar surged.
    • The strengthening greenback coupled with firmer equities resulted in silver rates holding steady at Rs.42,200 per kg on the 30th and the 31st.
    • Silver prices in Ahmedabad rose by 8.41% owing to the strong trends that pushed rates higher during the month.

    Trend of Silver Rate in Ahmedabad for December 2017 (rates per kg)

    Parameters Silver price (per kg)
    Silver Rate on 1st December 2017 Rs.41,800 per kg
    Silver Rate on 31st December 2017 Rs.43,000 per kg
    Highest Rate in December Rs.43,000 per kg on 30 December
    Lowest Rate in December Rs.40,100 per kg on 06 December
    Overall Monthly Performance Increasing
    Percentage Change 2.87%

    December2017 - Week 1 (1st to 10th)

    • Trading opened in Ahmedabad with silver priced at Rs.38,230 per kg on the 1st of December.
    • However, with the US dollar rising significantly in the global markets, prices plunged to Rs.38,120 per kg on the 2nd.
    • Silver rates remained unchanged at Rs.38,120 per kg on the 3rd before plummeting further to Rs.37,965 per kg the following day with subdued demand from coin manufacturers and industries amid the poor trend overseas.
    • The strong US dollar index coupled with well-performing equities led to silver rates declining further during the week.
    • The industrial metal was priced at Rs.37,600 per kg on the 6th before dropping to Rs.37,180 per kg on the 7th.
    • With the US Senate approving the country’s biggest tax system overhaul plan, the US dollar rose against a basket of other emerging currencies. This led to silver prices plummeting to Rs.36,715 per kg on the 8th.
    • Rates remained unchanged at Rs.36,715 per kg for the remainder of the week with investors and markets equally cautious ahead of the US Federal Reserve’s monetary policy meeting during the month.

    December 2017 - Week 2 (11th to 17th)

    • The second week commenced with silver trading relatively higher at Rs.36,920 per kg on the 11th owing to a slight increase in industrial demand for the metal.
    • Though prices remained steady at Rs.36,920 per kg the next with sustained demand, the 13th saw rates declining to Rs.36,545 per kg amid the strengthening US dollar and rising equities.
    • The Federal Reserve’s decision to raise its benchmark interest rates had a negative impact on the equities market. This led to silver rates surging to Rs.37,295 per kg on the 14th.
    • However, demand couldn’t keep up against the recovering dollar during the week. This led to the white metal prices plunging to Rs.37,235 per kg on the 15th which dropped further to Rs.36,920 per kg on the following day.
    • Thanks to an increased demand from industrial units and coin makers, rates rebounded to Rs.37,180 per kg on the 17th as the week came to an end.

    December 2017 - Week 3 (18th to 24th)

    • Silver was priced at Rs.37,600 per kg on the 18th when the week began.
    • Prices surged to Rs.37,600 per kg the next day with stockists and traders speculating on the impact of the tax system overhaul on the US economy.
    • The 20th saw silver rates remaining unchanged at Rs.38,395 per kg with steady demand from industries and coin makers amid the positive trend overseas.
    • Though prices declined to Rs.37,600 per kg on the 21st, silver rates rebounded to Rs.37,865 per kg on the 23rd with the new US tax cuts proving to be unfavourable for the Asian stock market.
    • Steady industrial demand coupled with strong global cues led to the white metal prices remaining unchanged at Rs.37,865 per kg for the remainder of the week.

    December 2017 - Week 4 (25th to 31st)

    • When trading commenced for the last week, silver rates were recorded holding at Rs.38,395 per kg on the 25th.
    • However, with the US dollar attempting to make a comeback from its previous week’s losses, prices dropped to Rs.3,005 per kg the next day.
    • Positive investor sentiments amid the positive global trends led to rates surging significantly towards the end of the week.
    • On the 27th, the industrial metal was priced at Rs.38,815 per kg which surged further to Rs.38,825 per kg on the 28th amid the weakened US dollar and poorly performing equities.
    • The 30th saw silver prices rise to Rs.39,265 per kg with an increase in domestic demand amid the positive trends overseas.
    • The week concluded with the industrial metal prices holding firm at Rs.39,265 per kg on the 31st and Ahmedabad registered a profit of 2.70% in silver trade during the course of the month.

    Trend of Silver Rate in Ahmedabad for November 2017 (rates per kg)

    Parameters Silver price (per kg)
    Silver rate on 1st November 2017 Rs.38,995 per kg
    Silver rate on 30th November 2017 Rs.38,640 per kg
    Highest Rate in November Rs.40,520 per kg on 18 and 19 November
    Lowest Rate in November Rs.38,640 per kg on 30 November
    Overall Monthly Performance Decline
    Percentage Change 0.91%

    November 2017- Week 1 (1st to 5th)

    • The month began with silver trading at Rs.38,995 per kg on 1 November in Ahmedabad, with prices fluctuating due to demand vagaries.
    • Silver traded at Rs.39,950 per kg on 2 November as local demand jumped due to a sudden increase in orders from industry.
    • Demand continued to rise as markets were unsteady, spurring demand from industrial units both locally as well as overseas.
    • Silver traded at Rs.39,355 per kg on 4 November as prices remained constant till the week ended on 5 November.

    November 2017- Week 2 (6 to 12)

    • The week opened with silver priced at Rs.39,355 per kg on 6 November as demand from the previous week kept prices steady.
    • Silver rate in Ahmedabad surged to Rs.40,040 per kg on 7 November as uncertainty in the Middle East over Saudi Arabia’s surprise corruption purge threw markets awry.
    • Local demand also rose as the dollar suffered a drastic plunge, resulting in silver price in Ahmedabad holding steady at Rs.40,040 per kg on 8 & 9 November.
    • Demand began to dip as the week progressed, with silver priced at Rs.39,970 per kg on 10 November.
    • There was no change in price as the week drew to a close, with silver maintaining its price of Rs.39,970 per kg on 12 November.

    November 2017- Week 3 (13th to 19th)

    • The third week saw the price of silver touch its monthly high due to continued market fluctuation over the political uncertainty in Saudi Arabia as well as the ongoing tensions with North Korea.
    • Silver traded at Rs.39,870 per kg on 13 November, dipping marginally due to a strong opening by markets across the world.
    • Silver price in Ahmedabad soon rose as the Brexit fallout had the U.K. markets tumbling, with silver surging to Rs.40,140 per kg on 14 November.
    • Silver continued to make gains as the metal rose to Rs.40,240 per kg on 15 & 16 November, with increased orders from Asian industrial units.
    • Coin makers also saw a rise in orders, though prices did not see much of a change.
    • Silver rate in Ahmedabad dipped to Rs.40,040 per kg on 17 November as demand regularised following a recovery by the markets.
    • Tensions with North Korea flared up again as the week drew to a close, resulting in silver jumping to Rs.40,520 per kg on 18 & 19 November.

    November 2017- Week 4 (20th to 26th)

    • Silver traded at Rs.40,440 per kg on 20 November as commodity markets opened strongly after the previous week’s surge in demand.
    • Prices slowly began to regularise themselves as silver rate in Ahmedabad fell to Rs.39,780 per kg on 21 November, though local demand was steady.
    • The overall decline in demand in the international market led to local prices dropping to Rs.39,265 per kg on 22 November.
    • Prices recovered as silver traded at Rs.40,060 per kg on 23 November due to a sudden rise in local demand following a market downturn.
    • Demand was subject to the fluctuating markets, which led to the white metal trading at Rs.40,040 per kg on 24 November as tensions with North Korea dominated the markets.
    • The week ended with silver rate in Ahmedabad continuing to fluctuate, trading at Rs.39,780 per kg on 26 November.

    November 2017- Week 5 (27th to 30th)

    • The final week of November saw silver prices dip due to a steady drop in demand.
    • The industrial metal opened the week trading at Rs.39,780 per kg on 27 November, the price remaining unchanged from the previous week due to muted trading on the commodity exchanges.
    • Silver price in Ahmedabad fell to Rs.39,680 per kg on 28 November as the initial surge of demand petered out following a market recovery.
    • Silver rate in Ahmedabad fell to Rs.39,115 per kg on 29 November as the U.S. economy appeared to be on the upswing in spite of the internal and economic turmoil enveloping the country.
    • Silver prices continued to drop as the month drew to a close as the metal traded at Rs.38,640 per kg on 30 November.

    Trend of Silver Rate in Ahmedabad for October 2017 (rates per kg)

    Parameters Silver price (per kg)
    Silver Rate on 1st October 2017 Rs.39,530 per kg
    Silver Rate on 31st October 2017 Rs.39,435 per kg
    Highest Rate in September Rs.40,440 per kg on 16 October
    Lowest Rate in September Rs.39,110 per kg on 5 and 19 October
    Overall Monthly Performance Decline
    Percentage Change -0.24%

    October 2017 - Week 1 (1st-8th):

    • The week commenced with the industrial metal priced at Rs.39,530 per kg.
    • Steady domestic demand from industrial units and coin makers led to silver price in Ahmedabad remaining unchanged on the 2nd as well.
    • However, strong equity markets coupled with firmer dollar led rates plunging to Rs.39,265 per kg on the 3rd.
    • Prices declined over the next few days with investors speculating over the possibility of a new Fed rate hike in December. This led to silver rate in Ahmedabad plummeting to Rs.39,110 per kg - the lowest recorded monthly figure - on the 5th.
    • Thanks to strong global trends, prices recovered towards the end of the week with a significant increase in domestic demand. This led to the white metal being priced at Rs.39,680 per kg on the 7th and 8th.

    October 2017 - Week 2 (9th-15th):

    • Positive global trends coupled with strong domestic demand led to silver rate in Ahmedabad rising during the second week of October.
    • When the week began, the industrial metal was recorded trading at Rs.39,950 per kg on the 9th.
    • Local demand surged with the imminent arrival of the festive season. This led to silver price in Ahmedabad rising to Rs.40,060 per kg and Rs.40,285 per kg on the 10th and the 11th respectively.
    • Strong global cues coupled with an improved demand amid the festive season led to the white metal being priced at Rs.40,390 per kg for the remainder of the week.

    October 2017 - Week 3 (16th-22nd):

    • The third week commenced with the industrial metal trading at Rs.40,440 per kg - the highest recorded monthly figure - on the 16th.
    • However, the next few days saw the metal prices declining on account of weak overseas trends amid strong equities market and a firmer dollar. The white metal was priced at Rs.40,060 per kg and Rs.39,110 per kg on the 18th and the 19th.
    • Thanks to the arrival of Diwali, festive demand surged domestically pushing prices higher to Rs.40,285 per kg on the 20th.
    • Steady demand from industrial units and coin makers led to silver being priced at Rs.40,060 per kg for the rest of the week.

    October 2017 - Week 4 & Week 5 (23rd-31st):

    • A firm US economy coupled with other poor international trends led to silver rate in Ahmedabad dropping significantly during the week.
    • The week opened with the white metal trading at Rs.40,040 per kg on the 23rd, which rose to Rs.40,060 per kg on account of an increased buying from industrial units and coin manufacturers the next day.
    • The 25th, however, witnessed silver price in Ahmedabad plunging to Rs.39,780 per kg due to a decline in global demand for the metal.
    • The next couple of days saw rated declining further to Rs.39,435 per kg after local demand dipped in the wake of the strengthening US economy.
    • Poor domestic demand coupled with weak trends overseas led to rates plunging to Rs.39,115 per kg on the 28th and the 29th.
    • Thanks to an increase in demand from industrial units and coin makers, the month ended with the silver price in Ahmedabad rising to Rs.39,435 per kg on the 31st.

    Trend of Silver Rate in Ahmedabad for September 2017 (rates per kg)

    Parameters Silver price (per 1 kg)
    Silver rate on 1st September Rs.40,390 per kg
    Silver rate on 30th September Rs.39,530 per kg
    Highest Rate in September Rs.40,900 per kg on 9 and 10 September
    Lowest Rate in September Rs.39,530 per kg on 28 to 30 September
    Overall Monthly Performance Decline
    Percentage Change -2.12%

    September 2017 - Week 1 (1st - 10th)

    • The first extended week of September was the best period for silver trading this month with prices rising routinely over the 10-day period.
    • On the 1st of September, silver was priced at Rs.40,390 per kg. This continued till the 3rd as there was sustained demand from local investors.
    • The 4th saw prices rise in Ahmedabad to Rs.41,075 per kg as demand surged amidst a weak performance from the US dollar.
    • Silver rates in Ahmedabad ascended further to Rs.41,495 per kg on the 6th and rose again to Rs.41,675 per kg on the 8th day of the week.
    • The 9th and the 10th were the apex period for silver sales this month as the metal’s rates reached a monthly high figure of Rs.41,900 per kg.

    September 2017 - Week 2 (11th - 17th)

    • When the second week of September began, silver rates had fallen to Rs.41,075 per kg as the US dollar’s resurgence put local demand on the backburner.
    • The 12th saw silver prices in Ahmedabad drop to Rs.41,030 per kg as the greenback affected local sales considerably.
    • Silver prices in Ahmedabad fell again on the 14th to reach Rs.40,890 per kg trading cues gave no signs of improving.
    • However, there was a steady demand for the metal from the 15th to the end of the week - and silver rates remained at Rs.40,890 per kg.

    September 2017 - Week 3 (18th - 24th)

    • The third week saw silver open trading at Rs.40,440 per kg before dropping to Rs.39,670 per kg on the 19th as trade volume figures slipped.
    • There was a brief increase in sales on the 20th, which saw the metal trade at Rs.40,040 per kg.
    • The next day, however, saw rates in Ahmedabad fall back to Rs.39,670 per kg due to a slump in demand from overseas units.
    • Prices picked up on the 22nd for the metal to trade at Rs.40,040 per kg, and as demand was stable, rates remained the same till the end of the week.

    September 2017 - Week 4 (25th - 30th)

    • The final week saw silver prices in Ahmedabad rise for a brief period as jewellers and coin makers increased their purchases to meet the upcoming festive season demand.
    • On the 25th of September, silver was trading at Rs.39,670 per kg. This figure went up to Rs.40,520 per kg on the 26th as there was a sudden spike in trade volumes.
    • However, silver rates in Ahmedabad went down to Rs.39,780 per kg on the 27th as demand dropped down after the previous day’s relatively bus session.
    • The white metal’s rates dropped down to Rs.39,530 per kg - the month’s lowest rates as amount of purchases came to a near-screeching halt.
    • A poor demand in both local and international markets saw silver rates decline by 2.12% for this month.

    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.

    Also Check Silver Price in NearBy Cities of Ahmedabad

    Read more on Silver

    Silver Rate - Sitemap

    News About Silver Rate in Ahmedabad

    • 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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