• Silver Rate in Bangalore

    Daily Silver Rates
    Date Silver (1 gram) Bar Silver (1 Kg)
    22 Feb 2018 ₹ 41.4 ₹ 41,400
    21 Feb 2018 ₹ 41.2 ₹ 41,200
    20 Feb 2018 ₹ 41.2 ₹ 41,200
    19 Feb 2018 ₹ 41.6 ₹ 41,600
    18 Feb 2018 ₹ 41.7 ₹ 41,700
    17 Feb 2018 ₹ 41.7 ₹ 41,700
    16 Feb 2018 ₹ 41.7 ₹ 41,700
    15 Feb 2018 ₹ 41.8 ₹ 41,800
    14 Feb 2018 ₹ 41.4 ₹ 41,400
    13 Feb 2018 ₹ 41.3 ₹ 41,300

    *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 Bangalore

    Bangalore is the second largest market for precious metals in Southern India, closely behind Chennai. This metropolitan city has a vast middle class population mainly driven by the famous IT sector in the city. Silver has become popular with the residents of Bangalore mainly as a form of investment. Silver generally offers good resale value and returns, which beats inflation and provides a secure and stable commodity to customers to bank on. Silver rates in Bangalore are driven by international prices of the commodity.

    Gold is quite expensive when compared to silver, and so silver has an added advantage in the market for lower income groups in the city. The metal is sold by bullion dealers, jewelry stores, artefacts shops, silverware sellers and a variety of other outlets in the city. Silver is also available for residents in Bangalore through the national commodity exchanges MCX and NCDEX.

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

    Parameters Silver price (per kg)
    Silver rate on 1st January 2018 Rs.39,100 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.38,700 per kg on 10 and 11 January
    Overall Monthly Performance Incline
    Percentage Change 7.92%

    Trend of Silver Rate in Bangalore 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.40,000 per kg
    Highest Rate in December Rs.41,800 per kg on 01 December
    Lowest Rate in December Rs.38,200 per kg on 18 December
    Overall Monthly Performance Falling
    Percentage Change 4.31%

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

    Parameters Silver price (per kg)
    Silver rate on 1st November 2017 Rs.39,300 per kg
    Silver rate on 30th November 2017 Rs.38,500 per kg
    Highest Rate in November Rs.40,100 per kg on 20 November
    Lowest Rate in November Rs.38,500 per kg on 30 November
    Overall Monthly Performance Decline
    Percentage Change 2.0%

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

    • Silver prices in Bangalore began the week stable, with the white metal trading at Rs.39,300 per kg on 1 November.
    • Steady demand from local industrial units and steady international demand kept silver rate in Bangalore unchanged in the first week of November.
    • The fear of another nuclear test by North Korea led to demand for silver being quite high, as investors rushed to hedge their equity shares.
    • Local demand remained high in spite of stable markets, resulting in silver prices not suffering any dips in price and trading at a steady Rs.39,300 per kg as the week ended on 5 November.

    November 2017- Week 2 (6th to 12th)

    • The second week saw initial fluctuations in the price of silver as market forces and local currency markets affected demand.
    • Silver traded at Rs.39,300 per kg on 6 November as demand continued to be steady due to a strong showing in the previous week.
    • Silver rate in Bangalore jumped to Rs.40,000 per kg on 7 November as the price of silver rose following renewed geopolitical tensions in the Korean peninsula.
    • Tensions in the Gulf kingdom of Saudi Arabia also led to political instability in the region, with industry rushing to capitalise on the plunging dollar rate through more demand.
    • Silver price in Bangalore dropped to Rs.39,800 per kg on 8 November and then showed some slight fluctuations.
    • The week ended with silver priced at Rs.39,800 per kg on 12 November as markets calmed towards the end of the week.

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

    • There was very little change in the price of silver in the third week of November as local demand kept prices stable notwithstanding some fluctuations in the overseas market.
    • The industrial metal traded at Rs.39,800 per kg as the week opened on 13 November, as greater demand kept demand steady.
    • The start of the festive season in India led to an increase in retail demand for the metal, though overall prices weren’t affected significantly.
    • Silver price in Bangalore rose briefly to Rs.38,900 per kg on 15 November as international demand for the metal led to a sudden rise in price.
    • Local demand was consistent but fluctuations in international demand as well as poor demand from Asian industry kept prices flat.
    • Silver rate in Bangalore remained unchanged as the week ended on 19 November with silver trading at Rs.39,800 per kg.

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

    • Silver was priced at Rs.40,100 per kg on 20 November as the uncertainty in the Middle East led to panic buying of bullion.
    • Silver price in Bangalore fell and stabilised as the week progressed, with silver trading at Rs.39,600 per kg on 21 November due to a slight fall in local orders.
    • The strengthening U.S. dollar also led to a drop in demand from overseas markets due to the rising cost of importing the metal.
    • Silver rate in Bangalore climbed to Rs.39,800 per kg on 24 November as a firming in the price was recorded after market concerns over the nomination to replace current Fed chair Janet Yellen.
    • Markets were also on edge due to the current political situation in the United States,, which kept bullion prices high.
    • Silver ended the week trading at Rs.39,500 per kg as prices dropped sharply as the week ended.

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

    • The last week of November saw the price of silver remain stable due to relatively unchanged order volumes.
    • Silver opened the week at Rs.39,500 per kg on 27 November on account of stable trading across markets.
    • Local demand reflected international trends and there was no movement in the price for the week.
    • The month ended with silver priced at Rs.38,500 per kg on 30 November to record a 2% drop in price over the course of the month.

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

    Parameters Silver price (per kg)
    Silver Rate on 1st October 2017 Rs.39,800 per kg
    Silver Rate on 31st October 2017 Rs.39,300 per kg
    Highest Rate in September Rs.40,500 per kg on 16 October
    Lowest Rate in September Rs.39,100 per kg on 7 and 8 October
    Overall Monthly Performance Decline
    Percentage Change -1.25%

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

    • The first week witnessed rates plummeting considerably due to the weak overseas trends coupled with reduced domestic demand.
    • When the week commenced, the white metal was priced at Rs.39,800 per kg on the 1st of October.
    • However, the rest of the week saw prices declining against the strong US dollar amid the possibility of an interest rate hike by the US Federal Reserve in December.
    • A decrease in global demand led to silver rate in Bangalore falling to Rs.39,400 per kg on the 3rd, which rebounded to Rs.39,500 per kg on the 4th due to positive global trends.
    • The 6th, however, witnessed silver price in Bangalore hitting the lowest recorded monthly figure of Rs.39,100 per kg as markets shifted its focus from the US-North Korean geopolitical crisis to the release of the US economic data pushing the dollar higher.
    • The rest of the week saw silver rates remaining unchanged at Rs.39,100 per kg owing to subdued demand from coin manufacturers and industrial units.

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

    • The second week saw silver price in Bangalore greatly influenced due to strong global, as well as domestic cues. The industrial metal was recorded trading at Rs.39,800 per kg when the week began on the 9th.
    • Thanks to the imminent arrival of the festive season, festive demand spurred local sales in the domestic market. This led to rates rising to Rs.40,100 per kg the following day.
    • Prices remained steady at Rs.40,100 per kg over the next couple of days owing to steady demand amid positive global trends.
    • The 13th witnessed the white metal prices rising further to Rs.40,300 per kg after an increase in offtake by industrial units pushed the demand higher.
    • Thanks to steady demand for the metal, silver rate in Bangalore remained unchanged at Rs.40,300 per kg for the remainder of the week.

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

    • When trading commenced for the third week, silver was priced higher at Rs.40,500 per kg - the highest recorded monthly figure - on the 16th.
    • Poor global trends amid the strengthening dollar over the next few days led to silver rate in Bangalore plunging to Rs.40,200 per kg and Rs.40,000 per kg on the 17th and 18th respectively.
    • Domestic demand remained weak despite the arrival of Diwali in the city. This led to the silver price in Bangalore dropping uncharacteristically to Rs.39,800 per kg on the 19th.
    • Weak international trends coupled with subdued domestic demand led to the metal trading at Rs.39,800 per  kg until the 22nd

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

    • Poor global trends coupled with a strengthening dollar led to silver price in Bangalore declining significantly during the week.
    • Silver was priced at Rs.39,700 per kg on the 23rd and 24th, thanks to steady demand from industries and coin manufacturers.
    • Weak trends overseas and strong dollar rates led to rates plummeting to Rs.39,600 per kg on the 25th. However, local demand seemed to improve despite unfavourable global cues and the industrial metal prices rebounded to Rs.39,700 per kg on the 26th.
    • Global demand collapsed with investors speculating over the possible interest rate hike in December. This led to silver rate in Bangalore plunging to Rs.39,300 per kg on the 27th.
    • The 28th and the 29th witnessed the metal trading relatively higher at Rs.39,600 per kg due to an increased domestic demand amid positive global cues.
    • The month ended with silver being priced at Rs.39,300 per kg registering a loss of 1.25% in silver trade during the month of October.

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

    Parameters Silver price (per 1 kg)
    September 1 Rate Rs.40,000 per kg
    September 30 Rate Rs.39,800 per kg
    Highest Rate in September Rs.41,800 per kg on 8 September
    Lowest Rate in September Rs.39,700 per kg on 21 September
    Overall Monthly Performance Decline
    Percentage Change 0.50%

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

    • The first week witnessed silver rates rising in Bengaluru due to an increasing demand for the metal from domestic industrial units.
    • Silver opened at Rs.40,000 per kg on the 1st, which rose further to Rs.40,600 per kg the next day as the poorly performing US dollar boosted demand for silver.
    • Steady global, as well as, local demand resulted in silver rate in Bangalore rising to Rs.41,100 per kg on the 4th.
    • Demand for safe-haven assets rose significantly with North Korea’s confirmation of their two-stage thermonuclear test being successful. This led to silver prices in Bangalore surging to Rs.41,800 per kg on the 8th of September. This was also the highest recorded monthly figure in Bengaluru.
    • However, demand declined marginally towards the end of the week, and the industrial metal was trading at Rs.41,600 per kg on the 9th and the 10th.

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

    • Demand for silver fluctuated during the second week due to uneven local trade trends.
    • When trading commenced for the second week, the white metal was trading relatively low at Rs.41,000 per kg on the 11th from the previous week.
    • The strong dollar rates proved to be unfavourable for domestic silver trade, pushing local demand for the metal lower. This led to silver rates in Bengaluru plunging to Rs.40,800 per kg on the 12th.
    • However, the white metal prices rose briefly to trade at Rs.41,200 per kg the next day, but dropped soon after overseas demand for the metal declined, and silver was trading at Rs.40,800 per gram on the 14th.
    • Silver surged on the 17th to trade at Rs.41,700 per kg, thanks to surplus demand from the Asian markets as a result of declining dollar rates.

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

    • The third week opened with the industrial demand trading steady at Rs.41,700 per kg as overseas demand stabilised over the weekend.
    • However, prices dropped to Rs.39,800 per kg on the 19th as demand from the European continent declined due to the upcoming elections in Germany.
    • Silver rates in Bengaluru fluctuated over the next few days due to varying international and local demands, and the metal was trading at Rs.39,700 per kg on the 21st.
    • Prices declined as the revised Fed rate hike resulted in reduced local demand, and silver was trading at Rs.39,800 per kg on the 24th.

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

    • The final week of September opened silver trading at Rs.39,600 per kg on the 25th.
    • The arrival of the festive season on the 26th pushed demand higher for the metal. This led to silver rates in Bengaluru surging to Rs.40,500 per kg in Bengaluru.
    • European markets surged high with Angela Merkel emerging victorious in the German elections. This resulted in silver prices declining to Rs.39,800 per gram on the 28th with reduced demand for the industrial metal.
    • Prices remained unchanged at Rs.39,800 per gram for the remainder of the week with steady demand from domestic investors and coin manufacturers.

    Trend of Silver Rate in Bangalore for August 2017 (rates per kg)

    Parameters Silver price (per 1 kg)
    Silver Rate on 1st August Rs.38,900 per kg
    Silver Rate on 31st August Rs.40,000 per kg
    Highest Rate in August Rs.40,200 per kg on 29 August
    Lowest Rate in August Rs.37,500 per kg from 7-9 August
    Overall Monthly Performance Incline
    Percentage Change 2.82%

    August ‘17- Week 1 (1st to 6th)

    • Demand for silver fluctuated in the first week of August as there was a drop in industrial demand following a rise in the dollar rate.
    • Silver price in Bangalore was at Rs.38,900 per kg on 1 August but prices fell to Rs.38,100 per kg on 3 August as overseas demand declined.
    • The imposition of GST led to a reduction in demand from local industry as well as retail demand, which contributed to the lowered prices.
    • Silver rate in Bangalore fell to Rs.37,800 per kg on 5 August and prices remained the same as the week ended on 6 August.

    August ‘17- Week 2 (7th to 13th)

    • Prices continued to be on the decline as industry awaited the results of the U.S. non-farm jobs market data, leading to silver trading at Rs.37,500 per kg on 7 August.
    • With jobs data poorer than expected, there was a spike in demand for bullion and silver prices in Bangalore rose to Rs.38,900 per kg on 10 August.
    • A drop in the dollar rate in response to escalating threats from North Korea led to increased demand for safe-haven assets like silver, resulting in prices rising to Rs.39,500 per kg on 11 August.
    • Demand remained steady as prices stayed constant for the rest of the week ending 13 August.

    August ‘17- Week 3 (14th to 20th)

    • Demand was steady as the week began on 14 August with silver priced at Rs.39,500 per kg due to steady demand from overseas industrial units.
    • A minor dip in price was recorded towards the middle of the week as local demand fell slightly, with silver trading at Rs.39,300 per kg on 18 August.
    • The geopolitical tensions engulfing the U.S. coupled with a poor run by the dollar led to sustained demand for bullion.
    • Silver price in Bangalore rose marginally as the week drew to a close, trading at Rs.39,400 per kg on 20 August.

    August ‘17- Week 4 (21st to 27th)

    • Silver prices fluctuated in the fourth week of August as there was some market turbulence which impacted industrial orders.
    • The industrial metal traded at Rs.39,100 per kg on 21 August as a brief rise in the markets led to lowered demand for silver.
    • The volatile markets led to prices fluctuating over the next few days as silver traded at Rs.39,400 per kg on 22 August before dropping to Rs.39,200 per kg on 23 August.
    • Prices stabilised as the week progressed following an increase in orders from China, as silver traded at Rs.39,400 per kg from 24-27 August.

    August ‘17- Week 5 (28th to 31st)

    • The last week of August saw silver prices in Bangalore rise as the tense geopolitical situation in the Korean peninsula as well as troubles in Europe led to higher demand for safe-haven assets.
    • Silver was priced at Rs.39,600 per kg on 28 August after a rise in local demand over the weekend.
    • Demand from coin makers was also on the increase as silver prices in Bangalore rose to Rs.40,200 peer kg on 29 August.
    • While demand was stable, prices dipped marginally as the month ended with silver ending at Rs.40,000 per kg on 31 August.
    Parameters Silver price
    July 1 Rate Rs.39,600 per kg
    July 31 Rate Rs.38,700 per kg
    Highest Rate in July Rs.39,600 per kg from 1- 3 July
    Lowest Rate in July Rs.37,000 per kg on 10 July
    Overall Monthly Performance Decline
    Percentage Change -2.27%

    July ‘17- Week 1 (1 to 9)

    • The price of silver in Bangalore was on the decline in the first week of Bangalore as there was a late rally by markets ahead of the G20 summit.
    • Silver traded at Rs.39,600 per kg on 1 July and remained steady for a few days as there was minimal fluctuation in demand.
    • Prices dipped to Rs.38,800 per kg on 4 July due to a rise in markets ahead of American independence day.
    • The upcoming G20 summit led investors to be cautiously optimistic, which resulted in a fall in silver prices as they traded at Rs.38,000 per kg on 7 July.
    • Silver prices dropped to Rs.37,700 per kg as the week ended on 9 July, with prices falling due to a drop in industrial demand.

    July ‘17- Week 2 (10 to 16)

    • Silver price in Bangalore were more or less stable in the second week of July as the repercussions of the G20 summit as well as political crises in the United States led to market volatility.
    • The week opened with silver priced at Rs.37,000 per kg on 10 July as demand was poor due to the high dollar rate as well as bullish market sentiment.
    • Gold rate in Banglore rose to Rs.38,000 per kg on 12 July as local demand increased due to continued political uncertainty in the United States.
    • Markets recovered as U.S. jobs data showed declining unemployment, which boosted markets and led to silver falling to Rs.37,300 per kg on 13 July.
    • Prices fluctuated for the rest of the week, trading at Rs.36,700 per kg on 14 July before rising to trade at Rs.37,300 per kg on 15 July.
    • The week ended with silver priced at Rs.37,300 per kg on 16 July.

    July ‘17- Week 3 (17 to 23)

    • There was a gradual increase in the price of silver in Bangalore as industrial demand and demand from coin makers increased.
    • Silver was priced at Rs.37,400 per kg on 17 July before prices rose to Rs.37,800 per kg from 18-20 July due to an increase in local demand.
    • The U.S. dollar also dropped on fresh allegations of collusion between the Trump team and Russia, leading to higher demand for safe-haven assets like silver.
    • Silver traded at Rs.38,400 per kg on 22 July as Asian demand also rose following the dip in the dollar rate.
    • The possible repeal of the U.S. health care program led to U.S. markets crashing, which resulted in an increase in silver demand.
    • Silver ended the week trading at Rs.38,300 per kg on 23 July due to favourable market conditions.

    July ‘17- Week 4 (24 to 31)

    • Silver price in Bangalore in the last week of July were stable with a few fluctuations in price, as the metal traded at Rs.38,300 per kg on 24 July.
    • Demand dropped slightly as the metal traded at Rs.38,100 per kg on 26 July due to market vagaries.
    • Prices soon recovered, with silver priced at Rs.38,700 per kg on 27 July as demand from coin makers was on the increase due to low dollar rates.
    • Demand was consistent as the month drew to a close, with silver trading at Rs.38,700 per kg from 29-31 July.
    • In spite of a rise in price towards the end of the month, silver prices fell by 2.27%.
    Parameters Silver price
    June 1 Rate Rs.40,500 per kg
    June 30 Rate Rs.39,100 per kg
    Highest Rate in June Rs.40,600 per kg from 5-8 June
    Lowest Rate in June Rs.38,600 per kg on 20 & 21 June
    Overall Monthly Performance Decline
    Percentage Change -3.45%

    June ‘17- Week 1 (1st to 4th)

    • Silver prices in the first week of June in Bangalore fluctuated due to changes in demand, with silver opening the week strongly at Rs.40,500 per kg.
    • Prices dipped to Rs.39,800 per kg on 2 June due to a decline in local demand as markets strengthened due to positive cues at the beginning of the month.
    • International demand was steady, which helped prices rise to Rs.40,400 per kg on 3 & 4 June.

    June ‘17- Week 2 (5th to 11th)

    • Prices were on the increase as domestic troubles led to U.S. markets floundering, which led to increased demand from investors.
    • Silver was priced at Rs.40,600 per kg on 5 June as local demand also spiked due to positive cues from overseas.
    • Prices remained constant for the next few days as the U.S. dollar also dropped on poor economic performance.
    • Silver dropped in value as markets began to recover from their initial losses, trading at Rs.40,200 per kg on 9 June.
    • The week ended with silver trading at Rs.39,900 per kg on 11 June.

    June ‘17- Week 3 (12th to 18th)

    • The third week saw a decline in demand for silver among industrial units due to a slowdown in production in Asia.
    • Silver traded at Rs.39,700 per kg on 12 June as the U.S. dollar rate strengthened, driving demand for silver lower.
    • The metal traded at Rs.39,200 per kg on 14 June in spite of market fluctuations, as industrial units failed to increase orders.
    • Prices were more or less stable for the remainder of the week, with a few minor fluctuations occurring due to demand vagaries.
    • Silver ended the week trading at Rs.39,000 per kg on 18 June due to a decrease in industrial demand both domestically as well as overseas.

    June ‘17- Week 4 (19th to 25th)

    • The white metal did not recover from its previous week’s loss in value, trading at Rs.38,700 per kg on 19 June due to static demand.
    • Silver prices in fact continued to drop due to a decline in industrial orders from both Europe as well as Asia, resulting in the metal trading at Rs.38,600 per kg on 20 & 21 June.
    • Slight improvements in the price were observed as the week progressed, with silver priced at Rs.38,900 per kg on 22 June though this was short-lived.
    • The week ended with silver priced a Rs.39,000 per kg on 25 June, the price rising marginally due to an increase in demand from local coin makers.

    June ‘17- Week 5 (26th to 30th)

    • The final week of June saw the metal’s value fluctuate due to conflicting cues from the local and international markets.
    • Silver was priced at Rs.39,000 per kg on 26 June following which the price fell to Rs.38,700 per kg on 27 June due to demand vagaries.
    • An increase in orders from the industrial as well as retail markets locally led to silver prices rising to Rs.39,300 per kg on 28 June.
    • Prices dropped as the month drew to a close, with silver trading at Rs.39,100 per kg on 30 June to record a drop in value of 3.45% over the course of the month.
    Parameters Silver Price in Bangalore
    May 1st Rate Rs.40,600 per kg
    May 31st Rate Rs.40,500 per kg
    Highest Rate in May Rs.40,600 per kg on 1st of May
    Lowest Rate in May Rs.38,100 per kg on 11th and 12th of May
    Overall Performance Decline
    Percentage Change -0.24%

    May 2017 - Week 1 (1st - 7th):

    • In Bangalore, silver prices seemed to hit a bottom within the first week of May as demand for the metal plunged.
    • On the 1st of May, silver was trading at Rs.40,600 per kg - which happened to be the highest rate for the entire month.
    • After demand dipped significantly, silver rates went down by Rs.1,100 to reach Rs.39,500 per kg on the 2nd.
    • Prices fell for the third day in a row as they were recorded at Rs.39,300 per kg on the 3rd of May.
    • On the 4th, silver prices went down again to Rs.38,500 per kg - a Rs.800 decrease - as demand from local jewellers went down.
    • When the week came to a close, silver was seen trading at Rs.38,400 per kg.

    May 2017 - Week 2 (8th - 14th):

    • When trading began on the 8th of May, silver prices were still holding at Rs.38,400 per kg but fell to Rs.38,200 per kg on the 9th.
    • On the 10th, silver prices hit a new low as they went down to Rs.38,100 per gram and remained unchanged on the 11th as well.
    • Prices, as seen on the 10th and the 11th were the lowest silver rates recorded for the month.
    • Over the next few days, silver prices began to increase gradually, signalling an uptick in demand.
    • On the 12th, silver was priced at Rs.38,200 per kg, which then went up to Rs.38,300 per kg on the 13th.
    • During the last day of the week - on 14th - silver prices were seen holding at Rs.38,300 per kg as there was a sustained demand in the local market.

    May 2017 - Week 3 (15th - 21st):

    • As demand went up during the closing hours of the week, silver rates went up to Rs.38,400 per kg on the 15th.
    • Rates were recorded at Rs.38,400 per kg during the 16th and the 17th as demand consolidated, while also showing signs that it could go up.
    • The 18th saw silver prices go up significantly after two weeks of mediocre trading to reach Rs.39,200 per kg.
    • However, the Rs.600 increase seen during the previous business day seemed like a one-off as prices went down to Rs.38,900 per kg on the 19th.
    • But, demand fluctuated again - this time for the positive - for silver rates to go up to Rs.39,200 at the end of the 20th.
    • Prices didn’t change when the week came to an end, thanks to a relatively safe consolidation period.

    May 2017 - Week 4 (22nd - 28th):

    • The first two days of week 4 i.e., the 22nd and the 23rd, didn’t see any change in silver prices as they still remained at Rs.39,200 per kg.
    • On the 24th, prices went up by Rs.500 to reach Rs.39,700 per kg paving the way for a late surge towards the end of the month.
    • Prices increased to Rs.40,000 per kg on the 25th and remained there till the closing hours of the 26th.
    • Over the final two days of May week 4, silver prices were recorded at Rs.40,300 per kg.

    May 2017 - Week 5 (29th - 31st):

    • When the final week of May began in Bangalore, silver was trading at Rs.40,200 per kg - a small dip of Rs.100 from the previous day.
    • However, rates went up to Rs.40,500 per gram on the 30th and remained there till the end of the week and the month.
    • Overall, silver prices saw a decline of just Rs.100, when compared to the rates on the 1st of the month.
    • Despite some late rally, silver price trends still remained on the negative side as a decline of 0.24% was recorded in Bangalore.
    April 1st Rate Rs.42,500 per kg
    April 30th Rate Rs.40,600 per kg
    Highest Rate in April Rs.42,900 per kg on 4th, 15th & 16th April
    Lowest Rate in April Rs.40,600 per kg from 27th-30th April
    Overall Performance Decline
    Percentage Change -4.47%

    April ’17- Week 1 (1st to 9th)

    • The price of silver was steady as the week began, with prices rising as demand from industry increased.
    • Silver traded at Rs.42,500 per kg on 1st April, with the price dropping marginally to Rs.42,300 per kg on 3rd April due to a slight dip in domestic demand.
    • Prices rose to a monthly high of Rs.42,900 per kg on 4th April as markets tumbled due to fears of an escalating crisis between the United States and North Korea.
    • The price of silver declined marginally due to a dip in demand, with silver trading at Rs.42,500 per kg from 6th to 9th April.

    April ’17 - Week 2 (10th to 16th)

    • The second week of April saw the price of silver rise marginally due to continued fluctuations in market rates, which bolstered demand for the metal.
    • Silver was priced at Rs.41,600 per kg on 10th April as industrial demand was steady in spite of geo-political tensions leading to a drop in the U.S. Dollar.
    • Prices rose as the week progressed, with silver trading at Rs.42,600 per kg on 13th April as demand from coin makers increased as the U.S. Dollar traded lower against global currencies.
    • Prices stabilised and rose as the week ended, with silver reaching its monthly high rate for a second time, trading at Rs.42,900 per kg on 16th April on strong demand from overseas markets.

    April ’17 - Week 3 (17th to 23rd)

    • Silver prices fluctuated as markets began to recover from the previous week’s slump, which led to a decrease in industrial demand.
    • Silver traded at Rs.42,800 per kg on 17th April before prices fell as local demand picked up on global cues, resulting in a fall in demand for silver.
    • Prices dropped to Rs.41,800 per kg on 21st April as the U.S. Dollar strengthened on positive trading, with European markets also showing signs of a recovery.
    • The week ended with silver trading at Rs.41,900 per kg on 23rd April, as sagging demand from industry and poor local demand led to a drop in the price of silver.

    April ’17 - Week 4 (24th to 30th)

    • The last week of April saw the price of silver drop further, as market forces and flagging demand resulted in decreased demand.
    • Silver traded at Rs.41,500 per kg on 24th April amidst a decline in demand from coin makers.
    • Positive economic data projections and an expectation of better than expected job data figures led to the U.S. economy strengthening, which in turn led to a lowering of demand for silver.
    • A rising U.S. Dollar led to a drop in export demand for the metal, which further brought down its price, with silver trading at Rs.40,700 per kg on 26th April.
    • Silver traded at Rs.40,600 per kg from 27th to 30th April as demand could not keep pace, resulting in an overall loss of 4.47% in the value of the metal over the course of the month.
    March 1st Rate Rs. 43,900 per kg
    March 31st Rate Rs. 42,100 per kg
    Highest Rate in March Rs. 44,000 per kg on 2nd March
    Lowest Rate in March Rs. 40,300 per kg on 15th March
    Overall Performance Decline
    Percentage Change -4.10%

    March ‘17 - Week 1 (1st to 5th)

    • Silver prices in Bangalore were recorded at Rs.43,900 per kg on the 1st of March.
    • Prices increased by Rs.100 on the second day of the month to escalate to Rs.44,000 per kg, making it the highest recorded rate in the month of March.
    • Silver prices were subject to a decline by Rs.1300 on the third of March owing to a decline in demand from industrialists and coin makers, dragging them down to Rs.42,700 per kg.
    • Prices increased by Rs.600 on the 4th and rose to Rs.43,300 where they remained for another week to close the week at a decline of Rs.600 in comparison with the start of the week.

    March ‘17 - Week 2 (6th to 12th)

    • The price of silver on the opening day of the second week of March was Rs.42,800, recording a decline of Rs.500 from the closing levels of the previous week.
    • Prices remained unchanged on the second day of the week thanks to consistent demand and the lack of any major international events.
    • On the 8th of March, silver prices fell by Rs.700 to settle at Rs.42,100 per kg, after which another decline by Rs.600 on the 9th of the month saw them dip to Rs.41,500 per kg.
    • Silver prices remained stable on the 10th of March as no changes were recorded from the 9th.
    • Prices then fell by Rs.300 to Rs.41,200 on the 11th of March, and they remained unchanged for the following few days as demand grew stable.
    • Silver closed the second week of March at a decline of Rs.1600 in comparison with the first day of the week.

    March ’17- Week 3 (13th to 19th)

    • Prices on the first day of the third week of March were stable from their previous levels, trading at Rs.41,200 per kg on the 13th and 14th of March.
    • Silver prices tumbled again on the 15th of the month, when they hit Rs.40,300, making it the lowest recorded rate of the metal during March.
    • Prices increased by Rs.900 on the 16th and went back to their previous levels of Rs.41,200 per kg.
    • A drop in prices by Rs.400 on the 17th saw them fall to Rs.40,800 per kg, after which an increase by Rs.100 saw them stand at Rs.40,900 per kg on the 18th and 19th of March.

    March ’17- Week 4 (20th to 26th)

    • Silver opened the penultimate week of the month at Rs.41,100 per kg, marking a small incline from the closing levels of the previous week.
    • On the 21st of March, prices declined by Rs.300 to settle at Rs.40,800 per kg, and then increased by Rs.400 on the 22nd to settle at Rs.41,200 per kg.
    • Prices remained stable on the 23rd before an increase of Rs.100 saw them rise to Rs.41,300 per kg on the 24th of March.
    • Prices increased by Rs.400 on the 25th of March and remained unchanged on the 26th as well, closing the penultimate week of the month at Rs.41,700 per kg.

    March ’17 – Week 5 (27th to 31st)

    • The price of silver on the first day of the last week of March was recorded at Rs.41,700 per kg as there was no change in rates from the closing levels of the fourth week.
    • On the 28th of March, an increase by Rs.400 saw prices rise to Rs.42,100 per kg, and stable demand ensured that prices remained the same until the end of the month.
    • The last week of March experienced an incline, albeit by just Rs.400, and the overall decline in prices from the first day of the month to the last was 4.10%.
    February 1st Rate Rs. 41,500 per kg
    February 28th Rate Rs. 43,900 per kg
    Highest Rate in February Rs. 43,900 per kg on 28th February
    Lowest Rate in February Rs. 41,500 per kg from 1st to 7th February
    Overall Performance Rise
    Percentage Change +5.78%

    February ‘17 - Week 1 (1st to 5th)

    • Silver prices in Bangalore was stable during the first week due to muted but sustained demand for this precious metal.
    • Silver was priced at Rs.41,500 per kg on 1st February and was steady at this rate until the end of the first week of the month.
    • This could mainly be attributed to the demand for silver from industrialists and coin makers. This price was the lowest at which silver traded for the month of February.
    • It is also quite unusual for a demand as stable as the one noted in the first week of February for silver.

    February ‘17 - Week 2 (6th to 12th)

    • The second week saw silver opening at the same rate as the previous week at Rs.41,500 and was steady at this price until the 7th of February.
    • Right after this, due to increased demand from jewellers and industrialists, the price of silver jumped by over Rs.1,000 to trade at Rs.42,700 per kg.
    • Rate of silver was steady at Rs.42,700 per kg thanks to sustained demand for this metal.
    • However, this demand could not be sustained and the price of this precious metal fell by Rs.300 to trade at Rs.42,400 on the 10th of February.
    • Prices fluctuated during the week, with silver trading at Rs.43,000 per kg on 11th February due to a sudden rise in demand. Silver was steady at this rate until the end of the week.

    February ’17- Week 3 (13th to 19th)

    • A slight fluctuation in the rate of the U.S. dollar led to rise in the demand for silver with this metal trading at Rs.43,200 per kg on the first day of the third week of February.
    • However, demand could not be sustained and the price of silver fell to Rs.43,000 again on the 14th. Rate of silver was steady until the 15th of February.
    • Prices rose to Rs.43,300 per kg on 16th February and later rose to Rs.43,400 per kg on 17th February due to a sudden drop in the value of the U.S. Dollar as a result of a projected drop in growth rates for the month.
    • Local demand kept prices stable as demand fluctuated, trading at Rs.43,500 per kg on 18th February.
    • The week ended with silver trading at Rs.43,500 per kg on 19th February, due to sustained demand, recording a rise of Rs.300 in the price of silver during the third week of February.

    February ’17- Weeks 4 & 5 (20th to 28th)

    • The price of silver in the last two weeks of February fluctuated slightly due to U.S. Dollar rates and an uncertain market along with unstable demand.
    • Silver was priced at Rs.43,300 per kg on 20th February, with the price falling further to trade at Rs.43,200 per kg on 22nd February. Demand was stable the next day as well with silver trading at the same rate.
    • A slight increase in demand from coin makers led to silver trading at Rs.43,400 per kg on 24th February.
    • Silver prices rose to Rs.43,400 per kg on 25th February, with the price increasing to Rs.43,800 per kg on 27th February.
    • Silver prices continued to rise as the month ended, trading at Rs.43,900 per kg on 28th February to record an overall increase of 5.78%. This was also the highest at which silver traded for the month of February.
    January 1st Rate Rs.39,600 per kg
    January 31st Rate Rs.41,500 per kg
    Highest Rate in January Rs.41,700 per kg on 23rd January
    Lowest Rate in January Rs.39,200 per kg on 2nd January
    Overall Performance Incline
    Percentage Change +4.79%

    January ‘17 - Week 1 (1st to 7th)

    • The price of silver saw an increase in the first week of January in Bangalore as demand rose due to fluctuations in the U.S. Dollar rate.
    • Silver traded at Rs.39,600 per kg on 1st January as demand was still poor due to lower than usual industrial demand.
    • Prices fell to Rs.39,200 per kg on 2nd January due to poor demand before recovering to trade at Rs.39,900 per kg on 4th January.
    • Heightened demand from coin makers and higher domestic demand led to prices reaching Rs.40,300 per kg on 5th January.
    • Consistent demand from the industrial sector kept prices stable, with silver ending the week trading at Rs.40,300 per kg on 7th January.

    January ‘17 - Week 2 (8th to 14th)

    • Silver prices continued to rise in the second week of January due to stable demand and favourable market conditions.
    • Silver was priced at Rs.40,300 per kg on 8th January, the price remaining unchanged as demand was consistent.
    • Prices rose to Rs.40,500 per kg on 10th January as demand from Asian markets was high, as silver rose to Rs.41,020 per kg on 11th January.
    • Demand increased further, with silver trading at Rs.41,200 per kg on 12th January but fell the subsequent day to trade at Rs.40,700.
    • Silver traded at Rs.40,700 per kg on 14th January as the U.S. Dollar rose.

    January ’17- Week 3 (15th to 21st)

    • Prices rose marginally in the third week, though demand fluctuated due to market forces.
    • Silver was priced at Rs.40,700 per kg on 15th January and rose to Rs.41,200 per kg on 16th January..
    • Demand rose as the U.S. Dollar continued to fall, as silver traded at Rs.41,500 per kg on 18th & 19th January.
    • A marginal drop in industrial demand led to silver trading at Rs.41,400 per kg on 20th January as the week ended with silver trading at Rs.41,100 per kg on 21st January.

    January ’17- Weeks 4 & 5 (22nd to 31st)

    • Silver prices in the last two weeks of January were relatively stable as demand was consistent.
    • Silver traded at Rs.41,200 per kg on 22nd January and rose by Rs.600 per kg to trade at Rs.41,700 per kg on 23rd January, the highest rate for the month.
    • Prices dipped marginally due to a lowering of demand following the Lunar New Year, as silver was priced at Rs.41,600 per kg on 24th January.
    • Speculation over the outcome of the U.S. Federal Reserve meeting to be held towards the end of the month led to markets rising slightly, which lowered demand for bullion.
    • Silver traded at Rs.41,400 per kg on 26th & 27th January before falling to Rs.40,500 per kg on 28th January on stagnant demand from industry.
    • Silver prices fluctuated as the month ended, closing at Rs.41,500 per kg on 31st January to register a rise in price of 4.79%.

    Silver as an Investment in Bangalore

    Silver has gradually increased its share in the local commodities market. Silver generally offers good returns and the metal can be readily sold any time a person wants to, as there is a good demand for the metal and it offers good resale value. Silver is purchased by Bangalore residents in the forms of:

    Physical silver: Physical silver encompasses categories such as bullions including bars and ingots, jewelry and ornament, silverware and other utensils, and coins, among others. Silver is also a pretty popular gifting item, and sees a seasonal spike in sales during festivals and marriage seasons. Jewelry stores sell silver at a premium over market prices due to workmanship and other costs in designing the pure metal. Bullion dealers offer the cheapest option for silver rates in Bangalore, however they generally sell silver in larger quantities, which can be expensive and call for a greater level of safety on investments. Coins are available in different purities and can be purchased from a variety of places including banks.

    Silver contracts: Silver contracts in the city can be purchased from the national commodities exchanges including NCDEX and MCX. Out of these MCX is recognized as a global silver trading market and is quite popular in and out of the country. Contracts are available for base quantities of 1kg of silver and at purities of 999 and 995 parts per thousand.

    Silver Rate in Bangalore in 2015

    2015 has seen an average price of around Rs.37,000 per kg of silver in Bangalore. Price per kg at the beginning of the year was Rs.35,968, which increased to Rs.40,572 by 21st January. Prices continued to stay upwards of Rs.37,500 over January and most of February, before falling to Rs.36,178 on 23rd February. The next peak was seen on 28th March at Rs.39,068. Prices once again fell to sub-37,000 on 9th April, before recovering to Rs.39,945 by 29th April. May saw price per kg of silver again breach the 40,000 mark, and went on to rally till Rs.43,538 on 18th May before gradually declining to Rs.39,762 on 16th June.

    Also Check Silver Price in NearBy Cities of Bangalore

    Silver Rate in Chennai Silver Rate in Hyderabad Silver Rate in Mumbai
    Silver Rate in Coimbatore Silver Rate in Mysore Silver Rate in Pondicherry
    Also Know: Gold Rate in Bangalore

    Read more on Silver

    News About Silver Rate in Bangalore

    • Silver Prices Set To Rise In September?

      The price of silver looks set to rise after making a 0.5% gain in the past week. Silver prices today stood at $17.18 per ounce. Silver prices rose to trade at $17.05 per ounce in the past week but could rise as the U.S. debt ceiling deadline draws near.

      A failure to raise the debt ceiling could result in markets falling and an increase in demand for silver. The recent dollar trades have also been a positive cue for silver prices, as the U.S. Dollar Index fell by 91 basis points to 92.52.

      The flagging dollar rate and uncertainty over the possibility of an interest rate hike by the U.S. Federal Reserve could push silver towards an ascent in the coming month.

      28 August 2017

    • Silver Rates Fall Marginally In Trading After Dollar Recoups Losses

      Silver prices dipped in trading on Tuesday, 22nd August, 2017 after the U.S. dollar recouped some of its losses and markets calmed.

      Silver futures for September delivery fell by 0.2% to trade at $16.99 per troy ounce.

      Tensions between North Korea and the United States once again ignited a rush for bullion but the dollar rebounded after back-to-back losses, climbing 0.5% in trading.

      Following the dollar’s positive turn, global markets also rose, stimulated by the recent boost. Chinese stocks also rose as Eurozone bourses were in the green after a period of negative trading.

      22 August 2017

    • Silver Prices Climb To Rs.38,000 Due To Weak Dollar

      Silver prices rose to Rs.38,000 per kg today as bullion demand rose due to a weak U.S. dollar. Speculation as well as industrial offtake led to increased demand for the white metal. Silver ended the day trading at Rs.38,355 per kg on August 1st, 2017.

      Gold prices were also on the upswing, with the yellow metal trading at Rs.28,540 for 10 grams in the national capital in early trading on August 1st, 2017. Poor U.S. economic data as well as the decreasing chances of a rate hike this year led to an increase in demand for bullion.

      31 July 2017

    • Gold Rates Increase by Rs.100; Silver Reclaims Rs.42,000 Mark

      Gold prices jumped up Rs.100 and settled at Rs.29430 per 10 grams owing to a positive overseas trend. Domestic jewellers were also responsible for the hike in rates. Silver, on the other hand, reclaimed the Rs.42,000 mark per kilogram by rising by Rs.200 thanks to enhanced offtake by coin makers and industrial units. According to traders, gold prices hit a month’s high as the dollar grew weaker following President Trump’s failure to implement his healthcare legislation. Across the world, gold prices increased by 1.22% to $1258.10 per ounce, making it the highest recorded rate since the 28th of February. Silver prices increased by 0.96% to $17.91 per ounce in Singapore.

      28 March 2016

    • Price Of Silver Reaches Highest Point For 2016

      The price of silver, which had been on the rise for the last few days, has reached its highest for 2016 at USD 15.80 per troy ounce as recorded on Comex division. This is a rise of 1.3% since February 11, 2016. The relative strength has been above 60 and the resistance has now been pegged at USD 15.83. The price of silver has also improved by about 7% since March which has been attributed to the improvement in the global financial markets. This improvement has also helped silver ETFs improve their performance which was recorded at an improvement of 0.5% for the iShare Silver Trust which uses the London Silver Fix Price as its benchmark.

      16 March 2016

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