• Silver Rate in Coimbatore

    Daily Silver Rates
    Date Silver (1 gram) Bar Silver (1 Kg)
    24 May 2018 ₹ 43.3 ₹ 43,300
    23 May 2018 ₹ 43.5 ₹ 43,500
    22 May 2018 ₹ 43.2 ₹ 43,200
    21 May 2018 ₹ 43.1 ₹ 43,100
    20 May 2018 ₹ 43.1 ₹ 43,100
    18 May 2018 ₹ 43 ₹ 43,000
    17 May 2018 ₹ 43.2 ₹ 43,200
    16 May 2018 ₹ 43 ₹ 43,000
    15 May 2018 ₹ 43.3 ₹ 43,300
    14 May 2018 ₹ 43.6 ₹ 43,600

    *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 Coimbatore

    Coimbatore is one of the fastest growing tier 2 cities in India and is home to some of the biggest manufacturing industries in the country. It is the second largest city in Tamil Nadu and has over 1 million residents. Silver has for long been considered auspicious and there has been a constant demand for it among the residents of Coimbatore. Varying silver rates have not deterred residents from buying it.

    Silver as an Investment in Coimbatore

    • Silver Coins – Silver coins can be purchased by weight, typically ranging from 1g to 10g or so. Silver coins offered by certain countries are considered as legal tender and can be used as currency. These coins are an excellent investment option as their value increases over time and they can offer the option of immediate liquidity when needed.

    • Silver Bars – Large investors and industrialists prefer to invest in silver bars. These bars can weigh around 1 kg and are an excellent source for those who wish to invest in large quantities of silver. These bars can be molded into jewelry or could be used for manufacturing purposes. Melting them provides instant money and makes them an attractive option.

    • Commodity Futures Exchange – Commodity future exchanges deal with large quantities of silver, generally weighing more than 1 kg a piece. Big buyers of silver can purchase it directly through commodity futures exchange.

    • Jewelry and Silverware – Jewelry has been the preferred choice of investment among most households in Coimbatore. While investing in jewelry is considered a safe option what one fails to realize is they get less value for their money. Wastage and making charges drastically reduce the value of the item in case of both jewelry and silverware.

    Trend of Silver Rate in Coimbatore 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%

    Trend of Silver Rate in Coimbatore 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%

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

    Parameters Silver price (per kg)
    Silver Rate on 1st February 2018 Rs.42,600 per kg
    Silver Rate on 28th February 2018 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 Coimbatore with the industrial metal trading at Rs.42,600 per kg - the highest recorded monthly figure - on the 1st amid the weakened US dollar and poorly performing equity markets.
    • Thanks to steady domestic demand from industrial units and coin manufacturers amid the strong trends overseas, silver price in Coimbatore remained unchanged at Rs.42,600 per kg on the 2nd.
    • With the US dollar recovering from previous days’ losses following the release of the highly anticipated US employment data, silver rate in Coimbatore plunged to Rs.41,700 per kg on the 3rd.
    • The week came to an end with silver prices holding steady at Rs.41,700 per kg on the 4th owing to a subdued but steady demand amid the firm overseas trends.

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

    • The second week began with silver trading relatively lower at Rs.41,500 per kg on the 5th amid the strengthening US dollar and equities market.
    • The dollar, however, lost against a basket of other emerging currencies and led to silver price in Coimbatore rising to Rs.41,900 per kg on the 6th.
    • Rates dropped to Rs.41,500 per kg on the 7th before plunging further to Rs.40,800 per kg on the 8th after the US dollar and equities regained lost ground in the international market.
    • The 9th witnessed silver rate in Coimbatore surging to Rs.41,000 per kg which dropped again to Rs.40,600 per kg - lowest recorded monthly figure - on the 10th after the rising US dollar led to a decline in domestic demand for the metal.
    • The week concluded with silver rates holding firm at Rs.40,600 per kg on the 11th amid global cues.

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

    • Silver prices in Coimbatore were greatly influenced by the US inflation data released during the week.
    • The week began with the white metal priced at Rs.40,900 per kg on the 12th.
    • With markets refraining from making purchases ahead of the US inflation data, the US dollar dropped. This led to silver being priced at Rs.41,300 per kg on the 13th.
    • The 14th saw silver rate in Coimbatore rising to Rs.41,400 per kg before surging further to Rs.41,800 per kg on the 15th after the dollar weakened with investors eyeing on the inflation data for clues on the pace of interest rate hikes during the year.
    • With the US dollar index touching near three-year lows in the global market, prices stabilised at Rs.41,700 per kg on the 16th.
    • With investors gravitating on safe-haven assets to hedge against inflation concerns, demand for the white metal rose. This led to silver prices holding steady at Rs.41,700 per kg until the 18th.

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

    • The week witnessed silver price in Coimbatore dropping initially before picking up amid the weakening US dollar and equity markets.
    • The week commenced with the white metal prices holding at Rs.41,600 per kg on the 19th.
    • With the US dollar regaining lost ground from the previous week’s rally of losses, silver rates plunged to Rs.41,200 per kg on the 20th.
    • Prices remained untouched at Rs.41,200 per kg the next day before rising to Rs.41,400 per kg on the 22nd following a slight incline in demand from local industries and coin makers.
    • The 23rd saw silver rate in Coimbatore surging further to Rs.41,600 per kg after demand remained strong despite the well-performing dollar and equities.
    • On the 24th, prices dropped marginally to Rs.41,500 per kg with the US dollar gaining against a basket of other major emerging currencies. Steady demand coupled with firm trends overseas resulted in the metal trading at the same rate until the end of the week.

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

    • The final week of trading in Coimbatore began with the industrial metal priced at Rs.41,600 per kg on the 26th after investors and traders remained cautious ahead of the Federal Reserve Chairman Jerome Powell’s first congressional testimony.
    • Silver rate in Coimbatore rose to Rs.41,700 per kg on the 27th with the US dollar losing against a basket of other emerging currencies in the international markets.
    • The Fed Chairman’s promise to save the country from an economic crisis while sticking to the current plan of interest rate hikes resulted in the US dollar strengthening. This led to silver being priced at Rs.41,200 per kg on the 31st.
    • Silver trade in Coimbatore recorded a decline of 3.28% in silver prices during the course of the month.

    Trend of Silver Rate in Coimbatore 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):

    • The first week saw silver rates rising considerably with an increase in domestic demand from local coin manufacturers and industries amid strong global cues towards the end of the week.
    • The month began with silver rates holding at Rs.38,925 per kg - the lowest recorded monthly figure - on the 1st.
    • Silver price in Coimbatore remained untouched at Rs.38,925 per kg on the 2nd with steady industrial demand for the metal.
    • Silver rate in Coimbatore rose to Rs.39,110 per kg on the 3rd which dropped to Rs.38,995 per kg the following day with a marginal decline in demand after the US dollar rose against other apex currencies.
    • The 5th witnessed silver prices rebounding to Rs.39,265 per kg owing to an increase in demand industries and coin makers.
    • On the 6th, silver rate in Coimbatore rose marginally to Rs.39,335 per kg and continued trading at the same rate for the remainder of the week amid the steady trends overseas.

    January 2018 - Week 2 (8 - 14):

    • Trading commenced for the week with silver rates holding steady at Rs.39,335 per kg on the 8th with little change in demand amid the firm trends overseas.
    • However, the white metal prices dropped to Rs.39,115 per kg the next day before plunging further to Rs.38,925 per kg on the 10th after the US dollar index rose against a basket of other major currencies amid the well-performing equities.
    • Silver rate in Coimbatore rebounded to Rs.39,110 per kg on the 11th after a decline in the US dollar value resulted in an increased buying by coin manufacturers and industrial units.
    • Strong domestic demand brought about by firm global cues led to silver prices holding steady at Rs.39,110 per kg on the 12th.
    • Demand, however, picked up towards the end of the week with the dollar plunging against other apex currencies in the global markets.
    • On the 13th, silver was priced at Rs.39,265 per kg before surging to Rs.39,355 per kg the following day owing to an incline in industrial demand for the metal.

    January 2018 - Week 3 (15 - 21):

    • Silver rates in in Coimbatore initially rose before dropping amid the strengthening US dollar and firmer equities during the week.
    • The week began with the white metal trading at Rs.39,670 per kg on the 15th after the weakened US dollar and equities resulted in an increased demand for the metal.
    • Steady global demand coupled with firm trends led to silver being priced at Rs.39,680 per kg on the 16th which continued trading at same rate on the 17th.
    • However, with the US greenback regaining lost ground, silver prices tumbled to Rs.39,265 per kg on the 18th which plunged further to Rs.39,115 per kg the next day.
    • Despite the poor trends overseas, demand for the metal picked up. This led to silver rates in Coimbatore surging to Rs.39,265 per kg on the 20th.
    • The week ended with the industrial metal trading steady at Rs.39,265 per kg on the 21st amid the firm trends overseas.

    January 2018 - Week 4 (22 - 28):

    • The fourth week witnessed silver prices holding steady during the initial days before surging high halfway into the week with strong safe-haven demand for the metal.
    • Trading commenced for the week with the white metal priced at Rs.39,265 per kg on the 22nd amid steady trends overseas.
    • Strong global cues coupled with steady demand from local coin makers and industrial units resulted in silver rates holding steady at Rs.39,265 per kg until the 24th.
    • However, with the US dollar and equity markets losing considerable ground in the global markets, demand for the safe-haven metal spiked. This led to silver being priced as high as Rs.40,285 per kg on the 25th.
    • The rest of the week saw silver rates holding firm at Rs.40,285 per kg owing to steady domestic and global demand amid the poorly performing US dollar and equities.

    January 2018 - Week 5 (29 - 31):

    • The last week commenced in in Coimbatore with the white metal trading at Rs.42,700 per kg on the 29th after the continued weak performance of the US dollar and equities led to an incline in safe-haven demand for the metal. This was also the highest recorded monthly figure.
    • Rates stabilised at Rs.42,200 per kg on the 30th with the US dollar index regaining lost ground in the global market.
    • Trading concluded with silver rates holding steady at Rs.42,200 per kg on the last day and Jaipur registered a profit of 8.41% in silver trade during the course of the month.

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

    Parameters Silver price (per kg)
    Silver Rate on 1st December 2017 Rs.38,230 per kg
    Silver Rate on 31st December 2017 Rs.39,265 per kg
    Highest Rate in December Rs.39,365 per kg on 30 and 31 December
    Lowest Rate in December Rs.36,545 per kg on 13 December
    Overall Monthly Performance Incline
    Percentage Change 2.70%

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

    • Silver was priced at Rs.38,230 per kg when trading started for the month of December.
    • The initial few days saw prices drop on a consistent basis owing to poor global cues and local demand.
    • Silver prices in Coimbatore dropped to Rs.38,120 per kg on the 2nd before dropping again to Rs.37,965 per kg on the 4th of December.
    • On the 5th, silver rate in Coimbatore went down again - to Rs.37,865 per kg - before falling to Rs.37,600 per kg the next day.
    • With demand seeing no signs of picking up amid a strong US dollar performance, silver rates dropped to its highlowest levels this week to trade at Rs.37,180 per kg on the 7th of the month.
    • As local demand dropped further, silver rate in Coimbatore hit Rs.36,715 per kg on the 8th of the month and this rate continued on till the end of the week.

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

    • There was a brief rise in rates on the 11th with the white metal trading at Rs.36,920 per kg.
    • The incline, however, was short lived and prices dropped to Rs.36,620 per kg the next day before dropping to a monthly low figure of Rs.36,545 per kg.
    • A downturn in US dollar fortunes pushed demand up and silver traded at Rs.37,295 per kg on the 14th. This was mostly due to an increased off take from local jewellers and industrial units.
    • The high demand subsided and silver rates fell to Rs.37,235 per kg on the 15th before dropping again to Rs.36,920 per kg the subsequent day.
    • On the last day of this week, i.e., silver rates surged back up to Rs.37,180 per kg as fluctuations in the US market kept precious metal trading on a relative high.

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

    • Silver rates fluctuated during this week with a few ups and downs to be witnessed over the course of the next seven days.
    • On the 18th of December, the white metal was priced at Rs.37,600 per kg. This rose to Rs.38,365 per kg on the 19th before continuing at this rate till the closing hours of the 20th.
    • The 21st, however, saw prices drop to Rs.37,600 per kg as sales took a hit owing to poor demand locally.
    • Silver prices in Coimbatore remained at Rs.37,600 per kg on the 22nd before rising slightly to Rs.37,865 per kg.
    • When the week ended, the white metal was still seen trading at Rs.37,865 per kg.

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

    • The final week of December and 2017 saw silver prices start on a relative low before rising to month-high figures towards the end.
    • When trading commenced for the 25th of December, the white metal was priced at Rs.38,395 per kg. Due to a weak demand, silver rate in Coimbatore dropped to Rs.38,005 per kg the next day.
    • However, a renewed year-end demand brought about by positive global cues pushed silver rates up. The white metal traded at Rs.38,455 per kg on the 27th of December.
    • As demand remained strong amid a weak dollar, silver rate in Coimbatore surged again to Rs.38,815 per kg on the 28th of the month.
    • The 29th saw silver prices incline as well to Rs.38,925 per kg before rising to Rs.39,265 per kg the next day.
    • Silver price trends inclined by 2.70% this month, thanks to increased demand towards the final stretch of the month.

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

    Parameters Silver price (per kg)
    Silver rate on 1st November 2017 Rs.39,530 per kg
    Silver rate on 30th November 2017 Rs.38,460 per kg
    Highest Rate in November Rs.40,520 per kg on 18 and 19 November
    Lowest Rate in November Rs.38,460 per kg on 30 November
    Overall Monthly Performance Decline
    Percentage Change 2.70%

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

    • Silver opened at Rs.39,530 per kg when the first week of November began.
    • A rise in demand caused by the festive season, silver price in Coimbatore rose to Rs.39,680 per kg on the 2nd.
    • Rates increased again on the 3rd for the metal to trade at Rs.39,950 per kg as traders stocked to meet the possible rise in demand.
    • Silver rate in Coimbatore, however, dropped on the 4th for the metal to trade at Rs.39,355 per kg due to a slowdown in demand.
    • When the week ended, the white metal was still trading at Rs.39,355 per kg.

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

    • An increase in overnight trading cues led to silver trading at Rs.39,365 per kg on the 6th of November.
    • On the 7th, silver price in Coimbatore surged to Rs.39,970 per kg as the US dollar plunged in its valuation, and the bullion industry took full advantage of it.
    • Silver rate in Coimbatore went up again on the 8th, this time to trade at Rs.40,040 per kg on the 8th and continued at this rate till the closing hours of the 9th.
    • Demand dropped slightly as the US dollar made a recovery. The white metal traded at Rs.39,970 per kg on the 10th and remained unchanged for the remainder of the week.

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

    • The third week of November saw silver rate in Coimbatore increase initially as uncertainty around the middle east contributed to a rise in demand.
    • Silver opened at a relatively subdued price of Rs.39,870 per kg on the 13th of November before surging to Rs.40,040 per kg on the 14th.
    • Gold rate in Coimbatore went up again on the 15th for the white metal to trade at Rs.40,240 per kg as a strained British economy weighed in on bullion sales.
    • The 16th saw silver rate in Coimbatore drop back down to Rs.40,040 per kg as demand was subdued after the previous day’s sales.
    • Silver rates remained at Rs.40,040 per kg on the 17th before surging to Rs.40,520 per kg on the 18th as the strained relationship between the UK and the European Union took centre stage.
    • The week came to a close with the white metal still trading at Rs.40,520 per kg as demand from local circles in Coimbatore remained steady.

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

    • When trade exchanges opened on the 20th, silver price in Coimbatore had dropped to Rs.39,780 per kg. Prices continued at the same rate on the 21st before increasing to Rs.39,950 per kg on the 23rd as local demand improved briefly.
    • Silver rates dropped to Rs.39,780 per kg on the 24th of the month and continued at the same rate for the remaining days of the week.

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

    • Silver price in Coimbatore dropped on all four days of this week as demand continued to weaken as days passed.
    • On the 27th, the white metal traded at Rs.39,780 per kg, before going down to Rs.39,530 per kg on the 28th of November.
    • When the week ended, silver rates had gone down by as much as Rs.650 per kg to close at Rs.38,460 per kg.
    • Overall, silver price trend improved by 2.7% this month, due to weak global markets and strong local demand.
    Parameters Silver price (per kg)
    October 1 Rate Rs.39,530 per kg
    October 31 Rate Rs.39,435 per kg
    Highest Rate in September Rs.40,670 per kg on 16 October
    Lowest Rate in September Rs.39,110 per kg on 5 October
    Overall Monthly Performance Decline
    Percentage Change -0.24%

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

    • The price of bullion in Coimbatore increased over the course of first week, with a minor fluctuation.
    • Silver was priced Rs.39,530 per Kg for the first two days of the month due to the subdued demand from the buyers and investors.
    • The dip in the industrial demand amid the firm equity market and US dollar edged down the silver price to Rs.39,265 per Kg on 3 October.
    • The stable US dollar and recovering US economy dropped the silver price in Coimbatore to Rs.39,110 per kg, the lowest across the month. However, the demand of silver edged up towards the end of the week pushing the silver to be traded at little higher rate.
    • As the week ended, the price’s remained constant for two days, with silver priced Rs.39,680 per kg.

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

    • The silver opened at Rs.39,950 per kg on the second week of October. The rise in the price compared to the previous week was the rising political tension between North Korea and US.
    • Silver price in Coimbatore jumped up by Rs.335 per kg due to the poor job data in US, making silver the safe haven, and raised the metal’s price to Rs.40,285 per kg on 12 October.
    • Prices continued to remain steady for last three days of the week at Rs.40,390 per kg ahead of the festive season and growing instability in the US market .

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

    • The week started with silver traded at the highest price, trading at Rs.40,670 per kg ahead of the dhanteras.
    • The silver price in Coimbatore dropped to Rs.40,060 per kg and was stable for next two days before it inched down to Rs.39,780 per kg on 19 October, due to the weak global cues.
    • The lack of demand from the investors due to the rising political tensions of Europe raised the appeal of the safe haven, as the US dollar suffered. This sparked the silver to trade at Rs.40,060 per kg for the last two days of the third week.

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

    • On the last week of October, the silver failed to attract buyers and retailers, dropping the price of the metal to Rs.39,950 per kg.
    • The week progressed only to drop the silver’s price further. The recovering US dollar and subdued industry’s demand dropped the silver rate in Coimbatore to Rs.39,670 per kg and was steady on that rate for two days.
    • The bullion’s rate suffered drastically and so the MCX silver future fell by 0.32%. This aided the silver to be traded at Rs.39,115 per kg from 28 October to 30 October.
    • Silver price in Coimbatore moved up to Rs.39,435 per kg as the demand for silver was high due to the volatility in the yellow metal’s price.
    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.41,900 per kg from 8-10 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 to 10th)

    • The price of silver in Coimbatore was on the increase as favourable market conditions as well as steady demand from coin makers and industrial units kept prices high.
    • Silver was priced at Rs.40,390 per kg on 1 September and remained the same till 3 September due to stable demand from regional coin makers.
    • In spite of a steady rise in the U.S. dollar rate, demand from overseas continued to be high, leading to silver prices rising to Rs.41,230 per kg on 4 September.
    • Fears of a nuclear threat from North Korea led to heightened demand for bullion across global markets, leading to silver prices in Coimbatore rising to Rs.41,495 per kg on 6 September.
    • The testing of a thermonuclear missile by North Korea led to the dollar rate plummeting, as industry demand for silver surged and the metal ended the week trading at Rs.41,900 per kg on 10 September.

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

    • Silver prices were slightly muted in the second week as the effects of the nuclear test waned, with silver opening the week at Rs.41,075 per kg on 11 September.
    • Local demand was steady but could not keep prices stable, as international demand stagnated due to a rise in the dollar rate.
    • Silver was priced at Rs.41,030 per kg on 12 September before rising briefly to trade at Rs.41,340 per kg on 13 September.
    • The upcoming general elections in Germany led to markets fluctuating as the far-right gained popularity.
    • In spite of favourable market conditions, silver failed to make any gains as the metal’s value fell to Rs.40,890 per kg on 14 September.
    • Silver prices in Coimbatore recovered to trade at Rs.41,030 per kg from 15-17 September.

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

    • Silver prices in in Coimbatore dropped as the week began, trading at Rs.40,440 per kg on 18 September due to weak demand from local industrial units.
    • Coin makers also reduced demand as the high dollar rate made imports quite expensive, which pushed prices lower to Rs.39,680 per kg on 19 September.
    • A sudden surge in demand resulted in silver rising to Rs.40,060 per kg on 20 September but prices dropped back to Rs.39,670 per kg on 21 September as Asian demand stagnated.
    • There was no change in price for the remainder of the week as local demand was poor.

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

    • The last week saw the occasional rise in value, though silver continued to trade flat for most of the week.
    • The industrial metal opened the week at Rs.39,680 per kg on 25 September, with the price relatively unchanged from the previous week due to stagnant demand.
    • Silver prices in Coimbatore rose to Rs.40,285 per kg on 26 September a minor dip in the markets led to increased demand for the metal.
    • Local demand rose on positive global cues, but prices dipped as overseas industrial demand was weak.
    • Silver price in in Coimbatore fell to Rs.40,040 per kg on 27 September before dropping further to Rs.39,530 per kg on 28 September.
    • The impending Catalan independence referendum kept European markets on edge, but silver did not capitalise on the situation as demand did not rise.
    • Silver ended the month priced at Rs.39,530 per kg on 30 September, recording an overall loss on value of 2.12%.
    Parameters Silver price (per kg)
    Silver Rate in 1st August Rs.38,995 per kg
    Silver Rate in 31st August Rs.40,060 per kg
    Highest Rate in August Rs.40,190 per kg on 30 August
    Lowest Rate in August Rs.37,235 per kg on 5 & 6 August
    Overall Monthly Performance Incline
    Percentage Change 2.73%

    August 2017 - Week 1 (1st-6th)

    • Poor silver trade in the global market led to silver price dropping considerably during the opening week of August.
    • The week began with silver trading at Rs.38,925 per kg on the 1st.
    • Silver trade dropped to Rs.38,230 per kg on the 2nd as the US dollar rallied to reduce the demand for the metal.
    • With the US Federal Reserve meetings in action, investors awaiting disclosure on the matter delayed their purchases due to which silver prices fell to Rs.37,965 per kg on the 3rd.
    • Silver price in Coimbatore surged to Rs.38,455 per kg on the 4th, thanks to increased demand from industries and coin makers.
    • The Federal Reserve released additional interest rates for import, due to which investors suspended their purchases. This led to silver rates touch a monthly low figure of Rs.37,235 per kg on the 5th.
    • Prices remained the same at Rs.37,235 per kg on the 6th as a result of poor global trade.

    August 2017 - Week 2 (7th-13th)

    • The second week witnessed a considerable increase in silver prices in Coimbator.
    • When the week began, silver was priced at Rs.37,295 per kg on the 7th.
    • Silver rate in Coimbatore rose to Rs.38,345 per kg on the 8th and furthermore to Rs.38,355 per kg on the 9th owing to increased demand in the domestic market.
    • With tensions rising between the US and North Korea, the US economy dropped due to which silver was priced at Rs.39,115 per kg on the 10th.
    • Favourable global, as well as local demand led to silver rate in Coimbatore rising to Rs.39,670 per kg on the 11th.
    • Prices remained the same at Rs.39,670 per kg on the next two days, thanks to steady industrial and domestic demand for the metal.

    August 2017 - Week 3 (14th-20th)

    • Silver traded at Rs.39,435 per kg on the 14th, when the week began.
    • Steady demand in the global markets resulted in silver trade at Rs.39,435 per kg on the 15th as well.
    • The white metal rates, however, dropped to Rs.38,640 per kg on the 16th as the US economy recouped.
    • Silver rate in Coimbatore rose to Rs.39,355 per kg on the 17th and furthermore to Rs.39,780 per kg on the 18th as overseas relations worsened between the US and North Korea.
    • Demand for the metal receded globally leading to prices drop to Rs.39,115 per kg on the 19th.
    • The week ended with silver training at Rs.39,115 per kg on the 20th.

    August 2017 - Week 4 (21st-27th)

    • Steady domestic demand resulted in silver trading at Rs.39,115 per kg on the 21st and the 22nd.
    • Prices rose to Rs.39,265 per kg on the 23rd and furthermore to Rs.39,355 per kg on the 24th, thanks to investors ramping up their purchases to meet local demands.
    • However, silver rates in Coimbatore dropped to Rs.38,995 per kg on the 25th as local demand receded.
    • Silver continued trading at Rs.38,995 per kg until the week ended, thanks to steady industrial demand.

    August 2017 - Week 5 (28th-31st)

    • The last week saw silver trade well following the US-North Korea crisis.
    • Silver traded at Rs.39,435 per kg on the 28th.
    • Prices reached a monthly high figure of Rs.40,440 per kg on the 29th as Hurricane Harvey took its toll on the US economy.
    • Silver rate in Coimbatore dropped to Rs.40,190 per kg on the 30th, and furthermore to Rs.40,040 per kg on the 31st as the week ended.
    Parameters Silver price (24 karat)
    July 1 Rate Rs.38,640 per kg
    July 31 Rate Rs.38,815 per kg
    Highest Rate in July Rs.38,815 per kg on 31 July
    Lowest Rate in July Rs.35,565 per kg on 10 July
    Overall Monthly Performance Incline
    Percentage Change 0.32%

    July ‘17- Week 1 (1 to 9)

    • Silver was trading at Rs.38,640 per kg in Coimbatore when July began.
    • Rates remained unchanged on the 2nd and the 3rd as demand was stable from coin makers and industrial units.
    • The 4th witnessed a price drop and the white metal traded at Rs.37,705 per kg as a rallying dollar brought about a weak demand.
    • After the US Independence Day frenzy simmered down, other key issues relating to Donald Trump administration came to the fore. This led to an increase in prices on the 5th to Rs.38,395 per kg.
    • Silver prices in Coimbatore dropped on the 6th of the month to Rs.37,600 per kg as investors backed out of investments after a few days of continued buying.
    • Rates went down on the 7th to hit Rs.37,115 per kg and remained unchanged on the 8th and the 9th of the month.

    July ‘17- Week 2 (10 to 16)

    • The 10th of July recorded the lowest silver prices in Coimbatore of Rs.35,565 per kg, as local demand plummeted significantly.
    • Prices increased slightly on the 11th to reach Rs.36,035 per kg and went up again on the 12th to Rs.36,920 per kg.
    • The 13th maintained the day-on-day price improvement seen for the previous few day and the metal was selling at Rs.37,115 per kg.
    • Silver rates dipped to Rs.36,545 per kg on the 14th before bouncing back and trading at Rs.37,115 per kg on the 15th and the 16th of July.

    July ‘17- Week 3 (17 to 23)

    • Due to overnight trading, silver prices had slightly increased to Rs.37,180 per kg when the third week of July began on the 17th.
    • Prices increased to Rs.38,395 per kg on the 18th before going down to Rs.37,600 per kg on the 19th, owing to high demand from domestic circles.
    • The next few days saw silver rates fall locally as demand fell.
    • When the third week of July ended, silver rates were recorded at Rs.37,965 per kg.

    July ‘17- Week 4 (24 to 31)

    • Silver rate in Coimbatore fluctuated during the final week of July due to unstable demand.
    • On the 24th, the white metal was trading at Rs.38,275 per kg before falling to Rs.38,005 per kg on the 25th.
    • Rates fell again on the 26th to Rs.37,965 per kg before surging to Rs.38,640 per kg on the 27th of the month.
    • Prices fell and rose again before closing on a monthly high of Rs.38,815 per kg on the 31st of July.
    • Silver rate trend in Coimbatore rose by 0.32% in Coimbatore, thanks to a sustained demand from local businesses.
    Parameters Silver price
    June 1 Rate Rs.40,060 per kg
    June 30 Rate Rs.38,640 per kg
    Highest Rate in June Rs.40,890 per kg from 6-7 June
    Lowest Rate in June Rs.38,455 per kg on 21 June
    Overall Monthly Performance Decline
    Percentage Change -3.54%

    June ‘17- Week 1 (1st to 4th)

    • Silver prices in the city of Coimbatore rose in the first week of June following a poor run in the previous month.
    • The white metal traded at Rs.40,060 per kg on 1 June before prices fell marginally to Rs.39,780 per kg on 2 June due to a minor dip in demand.
    • A drop in the U.S. dollar rate due to the continuing scandals plaguing the Trump administration led to an increase in demand for silver as prices rose to Rs.40,670 per kg on 3 & 4 June.

    June ‘17- Week 2 (5th to 11th)

    • Prices rose in the second week as weak markets as well as a low U.S. dollar rate led to higher demand for safe-haven assets like gold and silver.
    • Silver was priced at Rs.40,725 per kg on 5 June before rising to Rs.40,890 per kg on 6 & 7 June as industrial demand rose exponentially.
    • Local demand was also high as global cues led to an increase in demand for silver, as silver traded at Rs.40,815 per kg on 8 June.
    • Prices fell sharply as the week drew to a close, with silver falling to Rs.40,060 per kg on 9 June due to a decline in demand from Asian markets as well as domestic industrial units.
    • There was no change in the rate as the week ended on 11 June, with silver continuing to trade at Rs.40,060 per kg.

    June ‘17- Week 3 (12th to 18th)

    • There was a decline in the price of silver as demand was saturated, with industrial units reducing their orders.
    • Silver was priced at Rs.39,780 per kg on 12 June before falling further to trade at Rs.39,100 per kg on 13 June.
    • The markets staged a recovery during the week as positive U.S. jobs data in the previous week continued to bolster stock prices.
    • Bullish markets led to an increase in the dollar rate, which led to silver prices slipping to Rs.38,995 per kg on 16 June.
    • Demand continued to drop as silver traded at Rs.38,460 per kg on 17 & 18 June due to a decrease in local as well as overseas demand.

    June ‘17- Week 4 (19th to 25th)

    • The fourth week opened with silver prices falling to Rs.38,815 per kg on 19 June as the commodity markets showed sluggish movement of the white metal.
    • Prices dropped to Rs.38,460 per kg on 20 June as European markets were on the rise, which led to reduced demand from investors as well as industry.
    • A slight increase in Asian demand led to silver prices rising to Rs.38,925 per kg on 23 June, with the price staying steady till the end of the week.

    June ‘17- Week 5 (26th to 30th)

    • Silver prices were on the decline in the last week of the month, trading at Rs.38,815 per kg on 26 June as there was an increase in local demand.
    • Coin makers also increased demand, which led to prices reaching Rs.39,110 per kg on 28 June.
    • The price dipped unexpectedly on the last day of the month, resulting in silver trading at Rs.38,640 per kg on 30 June.
    • Silver prices declined by 3.54% over the course of the month due to poor demand from coin makers as well as industry.
    May 1st Rate Rs.40,040 per kg
    May 31st Rate Rs.40,190 per kg
    Highest Rate in May Rs.40,440 per kg on 30th of May
    Lowest Rate in May Rs.37,800 per kg on the 9th of May
    Overall Performance Incline
    Percentage Change 0.37%

    May ’17 – Week 1 (1st – 7th)

    • The rate of silver on the first of May in Coimbatore was Rs.40,040 per kg but this rate was not sustained over the next few days.
    • The demand for precious metals as a safe-haven reduced as a result of Asian equities, resulting in a fall in the price of silver. The value of the U.S. Dollar increased in comparison to the Japanese Yen.
    • Silver was priced at Rs.38,925 per kg on the 3rd of May before falling to trade at Rs.38,230 per kg on the 4th.
    • A combination of geopolitical factors along with reduction in the demand for this metal resulted in silver being priced at Rs.38,120 per kg on the 5th of the month and continued to reduce thereafter.
    • On the 6th of May, silver was priced at a weekly low of Rs.38,005 per kg on account of reduced demand. The next day, silver continued to trade at the above rate in Coimbatore.

    May ’17 – Week 2 (8th – 14th)

    • On the first day of the second week of May, silver traded at Rs.37,865 per kg which was lower than the price noted during the previous week.
    • There were a few geopolitical factors that affected the rate of silver such as Emmanuel Macron’s win in the French Presidential Elections resulting in the strengthening of the euro.
    • On the 9th of May, silver was priced at Rs.37,800 per kg but increased marginally thereafter to trade at Rs.37,865 per kg on the 10th and 11th of May.
    • There were a number of variations noted in the rate of silver during the second week of May due to varying demand.
    • The price of silver increased marginally on the 12th of May to be priced at Rs.38,005 per kg on account of increased demand.
    • Silver continued to trade steadily at this rate until the end of the week due to sustained demand from industrialists.

    May ’17- Week 3 (15th – 21st)

    • During the third week of May, a fall was noted in the value of the U.S. Dollar resulting in a rise in the rate of silver on certain days.
    • Silver opened the third week of May by trading at Rs.38,230 per kg which was marginally higher than the rate noted during the previous week.
    • On the 16th of May, rate of silver increased marginally to be priced at Rs.38,640 per kg as a result of higher demand from coin makers.
    • A demand was noted for silver as the value of the U.S. Dollar reduced, resulting in a rise in the rate of silver.
    • The U.S. manufacturing data was quite weak and this reduced the expectations of a high hike in the rate of interest by the U.S. Federal Reserve.
    • Silver traded at Rs.38,995 per kg on the 17th of May but fell on the 18th to trade at Rs.39,355 per kg.
    • Due to a fall in the demand for this precious metal from coin makers, silver was priced at Rs.39,115 per kg on the 19th. This rate of silver was noted until the 21st of the month.

    May ’17 – Week 4 (22nd – 28th)

    • On the 22nd of May, silver was priced at Rs.39,435 per kg which was higher than the rate of silver noted during the previous week.
    • As the week progressed, a number of variations were noted in the price of silver in Coimbatore.
    • Silver traded at Rs.39,680 per kg on the 24th of May before rising to Rs.39,950 per kg on the 25th.
    • Due to a sudden surge in the demand for this metal from coin makers and industrialists, silver was priced at Rs.40,190 per kg on the 26th of the month.
    • This rate of silver was noted until the end of the fourth week of May in Coimbatore.

    May ’17 – Week 5 (29th – 31st)

    • Easing stock markets coupled with geopolitical issues resulted in a slight increase in the price of silver.
    • Silver was priced at Rs.40,285 per kg on the 29th of May before shooting up to a monthly high of Rs.40,440 per kg on the 30th of the month.
    • Silver closed at Rs.40,190 per kg on the 31st of May recording an incline of 0.37% in the price of this metal.
    April 1st Rate Rs.42,570 per kg
    April 30th Rate Rs.40,040 per kg
    Highest Rate in April Rs.43,055 per kg on 15th and 16th April
    Lowest Rate in April Rs.40,040 on 29th and 30th April
    Overall Performance Decline
    Percentage Change -0.059%

    April 2017 - Week 1 (1st - 9th):

    • In Coimbatore, silver prices fluctuated considerably over the course of the first week as demand was steady.
    • On 1st of April, silver was priced at Rs.42,570 per kg, which didn’t change on the 2nd as there was a sustained demand for the metal.
    • However, silver prices went down to Rs.42,435 per kg as demand from local coin makers and industrialists went down.
    • Prices went down after that sudden increase on the 4th to go down to Rs.42,730 per kg on 5th.
    • As demand fell on the 6th, silver rates went down again to reach Rs.42,570 per kg but went back up marginally to Rs.42,640 per kg as demand went up.
    • Silver prices remained largely the same over the next two days - till the 9th - as demand sustained for most of this period.

    April 2017 - Week 2 (10th - 16th):

    • When the second week of April began, there was a slump in silver prices.
    • Rates had gone from Rs.42,640 per kg to Rs.41,625 per kg on 10th and fluctuated over the next few days.
    • On 11th, prices increased marginally to hit Rs.41,675 per kg as demand also went up from various quarters of the industry as well as coin makers.
    • The 12th saw prices increase again as silver trading reached Rs.42,570 per kg.
    • When trading began on 13th, silver prices had seen one of its biggest inclines as rates went up to Rs.43,030 per kg - a Rs.460 increase from the previous day - as demand went up.
    • Rates remained at Rs.43,030 per kg on 14th but increased to Rs.43,055 per kg on the 15th before continuing at the same rate till the end of the week.
    • Rates seen on the 15th and the 16th were the highest silver prices for the month of April.

    April 2017 - Week 3 (17th - 23rd):

    • The third week of April saw silver prices fluctuate as demand seemed to rattle after hitting a new high for the first time in a few months.
    • When the third week began on 17th, silver was trading at Rs.43,055 per kg but went down to Rs.42,775 per gram on 18th as demand went down.
    • On the 19th, silver rates went down again - for the third consecutive day - as demand showed no sign of picking up.
    • However, there were sustained demand on the 19th and the 20th, which lead to rates remaining at Rs.42,365 per kg on both the days.
    • The 21st again saw silver price tumble - this time by Rs.365 - to reach Rs.41,980 per gram and remained the same till the end of the week on the 23rd.

    April 2017 - Week 4 (24th - 30th):

    • Silver rates in Coimbatore were at their worst during the last week of April.
    • When the week began, silver was trading at Rs.41,435 per gram, which then went down to Rs.40, 340 per gram.
    • Rates went up briefly on the 26th to reach Rs.40,520 per gram but decreased again to Rs.40,285 per kg.
    • There were plenty of fluctuations in demand which brought silver rates to Rs.40,390 per gram and then to Rs.40,040 per gram.
    • On the last day of April, silver was trading at Rs.40,040 - which happened to be the lowest silver rate for the entire month.
    • Silver prices declined at a rate of 0.059% for the month of April in Coimbatore
    February 1st Rate Rs. 42,755 per kg
    February 28th Rate Rs. 44,085 per kg
    Highest Rate in February Rs. 44,140 per kg on 28th February
    Lowest Rate in February Rs. 42,080 per kg on 3rd February
    Overall Performance Incline
    Percentage Change +3.11%

    February 2017 - Week 1 (1st to 5th):

    • Silver prices saw a number of fluctuations during the first week of February owing to the performance of the metal industry.
    • On 1st, silver was trading at Rs.42,755 per kg as demand from both domestic and international markets were robust.
    • SIlver price went up to Rs.42,835 per kg on 2nd due as demand increased.
    • However, demand couldn’t sustain which brought rates down to Rs.42,080 per gram on 3rd of February - making it the lowest rate for the metal for the entire month.
    • When week 1 of February came to an end silver was trading at Rs.42,355 per kg.

    February 2017 - Week 2 (6th to 12th):

    • When week 2 began on 6th, silver was trading at Rs.42,505 per kg and went up to Rs.42,730 per kg as demand increased from both jewellers and industrialists.
    • On 9th, silver prices went up marginally to Rs.42,775 per kg as demands sustained.
    • The 10th saw prices fall to Rs.42,365 per kg on as demand went down in the domestic market after a brief surge over the previous two days.
    • On 11th rates went up to Rs.42,570 per kg as the US dollar seemed to weaken slightly, leading to the sudden increase in prices.
    • The second week of February ended with silver still trading at Rs.42,570 per kg.

    February 2017- Week 3 (13th to 19th):

    • The 13th saw silver prices go up significantly as US dollar crashed, which caused rates to go up to Rs.43,245 per kg.
    • As the demand couldn’t be sustained rates went down to Rs.43,030 per kg on 14th February.
    • On 15th, prices rose to Rs.43,110 per kg and then increased to Rs.43,480 per kg and remained the same on 16th as well.
    • The third week of February ended with silver trading at Rs.43,400 per kg, owing to a sustained demand.

    February 2017- Weeks 4 & 5 (20th to 28th):

    • As demands varied from various sectors including jewellers, coin makers, and industrialists, silver prices fluctuated quite a bit over the last two weeks.
    • On 20th, silver was trading at Rs.43,300 per kg and increased slightly to trade at Rs.43,085 on 21st February.
    • As coin makers begun more silver, prices went up to Rs.43,910 - an increase of Rs.610 in within a couple of days.
    • Silver prices remained at Rs.43,910 per kg on 25th February, as demand remained steady over the course of the days.
    • Demand increase further as silver was seen trading at Rs.44,085 per kg on the last day of February.
    • All in all, Coimbatore saw silver price trends increase by 3.11% for the month of February.
    January 1st Rate Rs.39,035 per kg
    January 31st Rate Rs.41,900 per kg
    Highest Rate in January Rs.42,010 per kg on 30th January
    Lowest Rate in January Rs.39,035 per kg on 1st January
    Overall Performance Rise
    Percentage Change +7.33%

    January 2017 - Week 1 (1st to 7th):

    • On the first day of the new year, silver opened at Rs.39,035 per kg which was also the lowest at which silver traded at for the month.
    • However, due to a rise in demand in both domestic as well as international markets, the price of silver started to increase.
    • Price of silver rose from Rs.39,035 per kg seen on the first day to Rs.39,110 per kg on the second of January.
    • As buyers started purchasing more of this precious metal, the price of silver continued to increase.
    • Silver rate rose to Rs.40,520 per kg on the 5th of the month which was the highest rate at which silver traded for the first week of January.
    • On 6th, however, prices went down to Rs.40,440 per gram which was a decrease of Rs.80 per kg.
    • When the first week of January ended, silver was trading at to Rs.40,390 per gram.

    January 2017 - Week 2 (8th to 14th):

    • There was an increase noted in the demand for silver in Asian markets which was reflected in the rate of silver in India during the second week of January.
    • On the 8th of January, the price of silver was Rs.40,390 which was the same as the previous day.
    • Due to a further increase in demand, the price of silver rose to Rs.40,520 per kg on the 9th of January and increased even further to trade at Rs.40,360 per kg on the 10th.
    • On 11th, silver prices increased to Rs.41,360 due to sustained demand for this metal. However, the next day the demand for silver reduced and the silver was priced at Rs.41,230 per kg on 12th.
    • Demand for this metal increased again due to the harvest festival of pongal in Coimbatore.
    • The second week of January ended with silver trading at Rs.41,230 per gram.

    January 2017 - Week 3 (15th to 21st):

    • At the beginning of the third week of January, silver was priced at Rs.41,230 per gram - the same price as the last day of the previous week.
    • As Donald Trump’s economic policy began to take shape, markets started fluctuating resulting in variations in the rate of silver.
    • On 16th, silver was trading at Rs.41,360 per kg and went up to Rs.Rs.41,895 per kg on 18th.
    • However, this demand for silver could not be sustained as the festive season ended the previous week.
    • Rates went down slightly on 19th to reach Rs.41,675 per kg and continued at the same price on 20th as well.
    • On the last day of the third week of January, the price of silver was Rs.41,930 per gram.

    January 2017 - Weeks 4 & 5 (22nd to 31st):

    • Continuing from the rate of the previous day, silver traded at Rs.41,930 per kg on the 22nd of January which was relatively high as a result of sustained demand.
    • There were a number of variations noted in the price of silver during the last week of January.
    • On the 24th, the price of silver was Rs.41,995 per kg.
    • Rates went down to Rs.41,435 per kg on the 25th as markets fluctuated both in India and abroad.
    • Rates increased to Rs.42,010 per kg on 30th due to an increase in industrial demand.
    • Rates dropped to 27th to Rs.41,075 per kg and continued at the same rate till the closing hours of 29th.
    • The month of January came to an end with silver prices trading at Rs.41,900 per kg.
    • Coimbatore saw the rate of silver increase by 7.33%.

    Silver Price Trend in Coimbatore

    The current rate of silver in Coimbatore is Rs 37,115 per kg (as of June 2015). The rates have hovered around Rs 38,000 over the last year, reaching a maximum of Rs 43,000 in April 2014 and a minimum of around Rs 33,000 in December 2014. Prices have reached a stable point and they are expected to increase in the future, making this the right time to invest in silver.

    Where to Buy Silver in Coimbatore

    Silver can be purchased from all major jewelers in Coimbatore. Some of the major jewelers that offer special rates on silver are Malabar Gold, Kalyan Jewellers, Josco Jewellers, Karpagam Jewellers and Joyalukkas. Silver can also be purchased from certain bank branches, though the silver purchased here is a bit more expensive compared to jewelers. There are plenty of small jewelers and pawn shops across the city which sell silver, catering to any need an individual might have.

    Also Check Silver Price in NearBy Cities of Coimbatore

    Silver Rate in Chennai Silver Rate in Bangalore Silver Rate in Madurai
    Silver Rate in Trichy Silver Rate in Mysore Silver Rate in Pondicherry
    Also Know: Gold Rate in Coimbatore

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