Silver Rate in Chandigarh

  • Today's Silver Rate In Chandigarh ( 12 Dec 2019 )
    ₹ 47
    Today's Silver Rate per gram
    Compare Silver Rate In Chandigarh (Today & Yesterday)
    Today
    (12 Dec 2019)
    Yesterday
    (11 Dec 2019)
    Rate Change
    Silver (1 gram) ₹ 47 ₹ 46.5 ₹ 0.5 ↑
    Bar Silver (1 Kg) ₹ 47,000 ₹ 46,500 ₹ 500 ↑
    Silver Price In Chandigarh for Last 10 Days
    Date Silver (1 gram) Bar Silver (1 Kg)
    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
    05 Dec 2019 ₹ 47.6 ₹ 47,600
    04 Dec 2019 ₹ 47.9 ₹ 47,900
    03 Dec 2019 ₹ 47.7 ₹ 47,700

    Weekly & Monthly Graph of Silver Rate in Chandigarh

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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.

    Trend of Silver Rate in Chandigarh 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%
    • In Chandigarh, silver price opened the month of November at Rs.50,500 per kg. The rates increased by Rs.500 per kg when compared to the previous month’s closing price. This was accounted to the US Federal Reserve cutting its interest rates.
    • The rates of the metal jumped to its highest for the month on 2nd November due to the ongoing trade war between Washington and Beijing. On the day, every kilogram of silver cost Rs.50,700 in the union territory.
    • After staying constant for a day, silver price started to drop in Chandigarh. The prices slipped to its lowest for the month on 9 November when every kilogram cost Rs.47,200. The fluctuations in the prices continued over the month and closed at Rs.48,100 per kg in Chandigarh.

    Trend of Silver Rate in Chandigarh 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%

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

    Parameters Silver Price (per kg)
    September 1 Rate Rs.51,600 per kg
    September 30 Rate Rs.48,500per 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 Monthly Performance Decline
    Percentage Change -6%

    Trend of Silver Rate in Chandigarh 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% 

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

    Parameters  Silver Price (per kg) 
    July 1 Rate  Rs.40,500 per kg  
    July 31 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%  

    Trend of Silver Rate in Chandigarh 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 from 1 - 2 June
    Overall Monthly Performance Incline
    Percentage Change 3.55%
    • June 1st recorded the lowest rate for silver in the month at Rs.39,400 per kg on account of low industrial demand for this white metal. However, the prices started picking up during the week.
    • The prices for silver kept fluctuating during the second week due to speculations of possible rate cuts in the US Federal Reserve rates. The week closed at Rs.41,000 per kg.
    • The third week of June saw the highest rate for the white metal at Rs.41,500 per kg as recorded on the 21st after a dip in the US dollar value.
    • Silver closed at Rs.40,800 per kg with an incline of 3.55%.

    Trend of Silver Rate in Chandigarh 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 Chandigarh stood stead at the start of May when it opened at Rs.40,500 per kg. However, it saw a steady decline throughout the month as weak local demand prevailed in the city. Furthermore, the overseas trends too negatively affected the prices. As on 12 May the metal traded at Rs.40,100 per kg.
    • The existent trade war between US and China caused economic uncertainty. This, however, did not influence the value of the US dollar. This, along with investor interest in silver constantly fluctuating, caused the white metal to briefly rise on 14 May to Rs.40,400 per kg.
    • Industrial and local remained stagnant while poor trends overseas had a negative impact on the price of silver. Moreover, costlier import fees for the metal diverted investors and buyers causing the price of silver to drop further. On 26 May, it traded at Rs.30,400 per kg.
    • Global economic crises caused by the US Iran conflict did not help the offtake of bullion. The price of silver plummeted further to Rs.39,100 per kg on 29 May. The demand still remaining weak, the silver rate recovered to Rs.30,400 per kg by the end of the month. A percentage decline of 2.71 was recorded for the month.

    Trend of Silver Rate in Chandigarh 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 9 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 Chandigarh 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%
    • At the start of the month of March, Chandigarh saw a decline in value of silver from the previous month as it traded at Rs.42,700 per kg. As the white metal dipped in value, the US dollar rose in value over other currencies. Despite its poor start to the month, this was the highest the metal traded at in March.
    • Silver rate in Chandigarh further stooped in value after it was faced with adverse economic conditions. Specifically, the European Central Bank postponing their decision to hike rates of interest was one of the major factors that stunted the metal’s growth. On the 7th, it was priced at Rs.41,000 per kg.
    • Silver was priced at its lowest for the month on 29th as it traded at Rs.40,200 per kg. Unusually, equities too depleted in value at the same time.
    • The metal in Chandigarh experienced a percentage decline of 4.91, and the month ended with silver being priced at Rs.40,600 per kg.

    Trend of Silver Rate in Chandigarh 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%
    • During the beginning of the month, the US Dollar was volatile and the overseas demand for the metal fluctuated. Amid poor trends overseas, silver opened at Rs.43,900 per kg on 01 February in Chandigarh.
    • As the value of the US Dollar fell due to the ongoing political tension, silver rates surged and hit a monthly high of Rs.44,100 per kg on 5 February.
    • In the following days, as the value of the dollar and equities fell due to the on-going Brexit uncertainty and the Sino-US trade crisis, the price of the silver fell to a monthly low of 42,700 per kg 14 February.
    • During the end of the month, the economic data that was released in the US, indicating that the value of the dollar is going to surge due to which silver prices fell and closed at Rs.43,300 per kg on 28 February. Silver rates fell by 1.36% during the month.

    Trend of Silver Rate in Chandigarh 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%
    • Silver traded at Rs.41,500 per kg on 1 January amid some fluctuation due to the volatile dollar before steady local demand helped raise prices to Rs.42,400 per kg on 9 January.
    • The weak dollar prompted increased interest from local coin makers, with retail sales also rising due to the festive season as silver rates in Chandigarh rose to Rs.42,900 per kg on 19 January.
    • Weak offtake from Asia due to the ongoing trade sanctions against China dampened demand as silver dropped to Rs.41,800 per kg on 22 January but increased investor interest raised prices to Rs.43,200 per kg on 26 January.
    • Despite the end of the government shutdown and a recovery in the dollar rate, demand for silver remained high and the metal’s price surged to Rs.43,900 per kg on 31 January.

    Silver Price in Chandigarh

    People in Chandigarh prefer buying silver as it is affordable when compared to gold. It also provides better returns than gold. Silver prices will steadily rise in the medium to long term as the bullion rises. It has managed to remain stable all over the world during the times of financial uncertainty. Silver has also been called as the ‘poor man’s gold’ due to its availability and low pricing in Chandigarh.

    Silver as an Investment:

    Jewelry - Buying silver as a jewelry or artefact is a common habit in India. A lot of households use silver cutlery. Women like wearing silver ornaments. But, when you resell the jewelry, the making charges of about 10% is deducted and a melting charges is levied, which lowers the silver jewelry’s rate of return.

    Coins and bars - Silver can be bought in coins and bars. Silver coins are used in India for gifting or during the puja ceremonies in certain religion. The silver purchases are high during the wedding season.

    The banks on the other hand also offer silver coins and bars and give an assay certification as well, but they won’t buy the silver back from you. Whereas, dealers and jewelers will buy the silver back from you.

    Silver bullion - You can buy small quantities of pure silver at Bullion India at the lowest possible price with an option for free storage for no fee or brokerage. The market rates are reasonable and the quality is assured. It is easy to open and operate the account as minimum documentation is required. You can redeem the holding and take physical delivery of the bullion at your doorstep.

    The rates are based on various indicators and information provided. People tend to buy silver despite the prices being high as they believe that the silver bullion value will rise in the future.

    Where can you Buy Silver from in Chandigarh

    You can buy silver in Chandigarh at Kalyan Jewellers, Tanishq, Raj Sons Jewellers, Delhi Jewellers, Subash Chander Deluxe Jewellers Verma, B R Jewellers, Malik Jewellers, Shree Jewellers, Talwarsons Jewellers, etc. The jewelers will offer silver in the form of ornament, coins, bars and in any other customized form that the customer will require.

    Also Check Silver Price in NearBy Cities of Chandigarh

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