Silver Rate in Bangalore Today

Today's Silver price in Bangalore :

  • 1 gram silver price is 50.40 Indian Rupee
  • 1 kg silver price is 50,400 Indian Rupee
  • Today's Silver Rate in Bangalore( 18 Sep 2019 )
    ₹ 50.5
    Today's Silver Rate per gram
    Compare Silver Rate In Bangalore (Today & Yesterday)
    (18 Sep 2019)
    (17 Sep 2019)
    Rate Change
    Silver (1 gram) ₹ 50.5 ₹ 50.4 ₹ 0.1 ↑
    Bar Silver (1 Kg) ₹ 50,500 ₹ 50,400 ₹ 100 ↑
    Silver Price In Bangalore For Last 10 Days
    Date Silver (1 gram) Bar Silver (1 Kg)
    18 Sep 2019 ₹ 50.5 ₹ 50,500
    17 Sep 2019 ₹ 50.4 ₹ 50,400
    16 Sep 2019 ₹ 50.4 ₹ 50,400
    15 Sep 2019 ₹ 48.7 ₹ 48,700
    14 Sep 2019 ₹ 48.7 ₹ 48,700
    13 Sep 2019 ₹ 50.5 ₹ 50,500
    12 Sep 2019 ₹ 50.8 ₹ 50,800
    11 Sep 2019 ₹ 51.2 ₹ 51,200
    10 Sep 2019 ₹ 50.5 ₹ 50,500
    09 Sep 2019 ₹ 51 ₹ 51,000

    Weekly & Monthly Graph of Silver Rate in Bangalore

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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 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 rate 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 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 Bangalore 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 Bangalore 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 prices in Bangalore opened at Rs.40,500 per kg due to sluggish local demand but rose on positive overseas cues and an increase in industrial demand, trading at Rs. 41,300 per kg on 11 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 Bangalore 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% 
    • Silver price in Bangalore opened at Rs.39,400 per kg but rose steadily on rising retail and industrial demand, trading at Rs.39,900 per kg on 6 June despite a steady dollar rate.
    • Silver rate in Bangalore climbed to Rs.40,300 per kg on 9 June as the U.S.-China trade dispute and escalating tensions with Iran resulted in market volatility and higher demand for bullion, with prices rising to Rs.40,100 per kg on 16 June.
    • Interest in silver waned marginally with the metal falling to Rs.40,300 per kg on 19 June but weak manufacturing data resulted in investors increasing their bullion stakes, as silver traded at Rs.41,500 per kg on 21 June.
    • Prices began to decline as markets and the dollar recovered from their earlier losses, with the industrial metal trading at Rs.40,700 per kg on 28 June before settling at Rs.40,800 per kg on 30 June.

    Trend of Silver Rate in Bangalore 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% 
    • Silver rate in Bangalore opened the month 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 price in Bangalore 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 Bangalore 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% 
    • The month started off with the silver rate in Bangalore standing at Rs.40,600 per kg. This was the same price it stood at on the last day of the previous month.
    • An increased local and industrial demand in for the metal clubbed with a subdued dollar cause the price of silver in the city to surge to Rs.41,000 per kg on 9 April.
    • Weak economic trends and a revived dollar weakened the price of silver, and on 15 April the metal stood at its lowest for the month. Silver was trading at Rs.40,200 per kg.
    • Failing to really recover, the price of silver remained relatively stagnant, and on the 24th it still stood at Rs.40,200 per kg, also the lowest point for the metal in the month. Regaining a few points by the month-end, silver price in Bangalore on 30th stood at Rs.40,500 per kg, recording a declining trend for the month.

    Trend of Silver Rate in Bangalore 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%
    • Silver price in Bangalore saw a steady decline as the metal suffered from demand vagaries as a result of fluctuating interest from local and overseas industrial units after opening at a steady Rs.42,700 per kg.
    • A depreciating rupee and waning interest from coin makers due to rising import costs saw silver rate in Bangalore drop to Rs.41,600 per kg on 10 March before further falling to Rs.41,000 per kg on 17 March as investors switched to equities.
    • A marginal recovery in price was seen as silver rose to Rs.41,300 per kg on 23 March as fears of a global economic slowdown resulted in a rise in bullion offtake but prices dropped to Rs.41,100 per kg on 27 March as demand could not sustained.
    • Silver rates declined as the month drew to a close as local demand was unable to sustain prices, with the metal trading at Rs.40,200 per kg on 29 March before inching higher to trade at Rs.40,600 per kg on 31 March.

    Trend of Silver Rate in Bangalore 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%
    • Silver traded at Rs.43,900 per kg on 1 February, rising steadily to Rs.44,100 per kg on 5 February as local demand and overseas investor interest was high.
    • Prices fell as the U.S. dollar rebounded which reduced local industrial offtake as silver price in Bangalore dropped to Rs.42,700 per kg on 14 February though overseas industrial orders remained constant.
    • Fears over the impact of Brexit and the ongoing Sino-U.S. trade dispute resulted in volatility across equity markets as investors sought safe-haven bullion, resulting in silver rate in Bangalore rising to Rs.44,000 per kg on 20 February.
    • Conflicting cues and falling demand from coin makers affected prices towards the end of the month, with overseas interest also waning due to a more hawkish Federal Reserve stance as silver traded at Rs.43,300 per kg on 28 February.

    Trend of Silver Rate in Bangalore 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%?
    Comparison for 1 gram Silver Rates for Bangalore January'19

    Silver Rate Trend in Bangalore for January 2019:

    • Silver rate in Bangalore was at Rs.41,500 per kg on 1 January and rose to Rs.42,600 per kg on 10 January as local industrial demand was on the rise due to favourable market cues.
    • Asian industrial demand was muted due to the trade sanctions on China which was reflected in a slight dip in price when silver traded at Rs.42,100 per kg on 19 January.
    • Market uncertainty over the impact of Brexit and the U.S. government shutdown resulted in renewed investor interest in bullion as silver prices recovered to trade at Rs.43,200 per kg on 26 January.
    • The surge in demand for silver from coin makers and retail sales boosted the metal’s value significantly as silver price in Bangalore closed the month at Rs.43,900 per kg to record a rise of 5.78% during the month.

    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.

    Also Check Silver Price in Other Cities

    Read more on Silver

    News About Silver Rate in Bangalore

    • Silver Gains on Rising Demand from Coin Makers and Industrial Units

      Silver prices rose as increased offtake by coin makers bolstered demand for the industrial metal. The industrial metal closed at Rs.39,090 per kg to record a rise of Rs.90 as industrial offtake also rose on positive global cues.

      Dovish comments from major central banks as well as rising tensions in the Middle East increased bullion’s appeal globally.

      Despite the rise in silver futures, there was no change in the price of silver coins which traded flat at Rs.80,000 for the purchase and Rs.81,000 for the sale of 100 pieces.

      24 June 2019

    • Silver Rates Fall on Sluggish Demand and Weak Global Cues

      Silver and gold rates fell in trading as well overseas cues and a drop in demand impacted prices. Silver prices fell by Rs.370 to trade at Rs.40,680 per kg as industrial demand was on the decline. Coin makers also reduced orders due to weak trends from overseas. 

      Positive U.S. economic data boosted the dollar rate and led to a revival across equity markets, which diminished bullion’s appeal among investors.  

      On the global front spot silver fell by 0.22% to trade at $15.64 per ounce.  

      Meanwhile gold prices also dropped marginally on subdued demand from jewellers. Gold fell by Rs.120 to trade at Rs.34,080 for 10 grams. International demand for gold was also weak as the metal fell by 0.28% to trade at $1,310.20 per ounce. 

      1 March 2019

    • Silver Shines on Industrial Demand Surge, Gold Muted

      Silver rates in Bangalore rose on a spurt in demand from industrial units and coin makers. Silver prices rose by Rs.118 to trade at Rs.40,386 per kg on the futures market as local industrial units took advantage of a low dollar rate and market instability to increase their long positions. 

      Gold prices on the other hand saw muted demand from overseas which was reflected in local trading. The yellow metal traded at Rs.33,510 for 10 grams on the futures market to reflect a miniscule rise of Rs.7.  

      Weak retail demand and reduced offtake by jewellers reduced the yellow metal’s appeal, though a firming trend could boost flagging demand.

      25 February 2019

    • Bullion Drops on Sliding Demand, Overseas Cues

      There was a slight drop in both gold and silver prices as lacklustre demand and static overseas trends impacted rates. Gold traded 0.11% lower on the Multi-Commodity Exchange (MCX) to open at Rs.33,329 for 10 grams.  

      Similarly, the price of silver dropped by 0.15% to trade at Rs.40,303 per kg as industrial demand was static. Overseas demand for the metal was also poor as traders awaited the State of the Union address for indications on the Sino-U.S. trade talks. A marginal recovery in the dollar rate also reduced demand for bullion due to the increase in import cost for non-dollar buyers. 

      Analysts expect gold to meet some resistance as the dollar appears to be recovering, though predictions for silver remain robust.

      6 February 2019

    • 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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