Silver Rate in Coimbatore Last Updated : 28 Jan 2021

  • Today's Silver Rate in Coimbatore( 28 Jan 2021 )

    ₹ 70.7
    Today's Silver Rate per gram

    Compare Silver Rate In Coimbatore (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Silver (1 gram) ₹ 70.7 ₹ 71.3 ₹ -0.6 ↓
    Bar Silver (1 Kg) ₹ 70,700 ₹ 71,300 ₹ -600 ↓

    Silver Price In Coimbatore For Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    27 Jan 2021 ₹ 70.7 ₹ 70,700
    26 Jan 2021 ₹ 71.3 ₹ 71,300
    25 Jan 2021 ₹ 71.4 ₹ 71,400
    24 Jan 2021 ₹ 71.4 ₹ 71,400
    23 Jan 2021 ₹ 71.4 ₹ 71,400
    22 Jan 2021 ₹ 71.5 ₹ 71,500
    21 Jan 2021 ₹ 71.3 ₹ 71,300
    20 Jan 2021 ₹ 70.7 ₹ 70,700
    19 Jan 2021 ₹ 70 ₹ 70,000
    18 Jan 2021 ₹ 69.7 ₹ 69,700

    Weekly & Monthly Graph of Silver Rate in Coimbatore

    • 7 Days
    • 30 Days
    • 3 Months
    • 6 Months

    *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.

    Trend of Silver Rate in Coimbatore for December 2020 (rates per kg)

    Parameters Silver Price (per kg)
    December 1 Rate Rs.64,600 per kg
    December 31 Rate Rs.72,300 per kg
    Highest Rate in December Rs.74,100 per kg on 21 December
    Lowest Rate in December Rs.64,600 per kg on 1 December
    Overall Monthly Performance Incline
    Percentage Change 11.9%

    Trend of Silver Rate in Coimbatore for November 2020 (rates per kg)

    Parameters Silver Price (per kg)
    November 1 Rate Rs.60,100 per kg
    November 30 Rate Rs.63,300 per kg
    Highest Rate in November Rs.70,000 per kg on 7 November
    Lowest Rate in November Rs.60,100 per kg on 1 November
    Overall Monthly Performance Incline
    Percentage Change 5.32%

    Trend of Silver Rate in Coimbatore for October 2020 (rates per kg)

    Parameters Silver Price (per kg)
    October 1 Rate Rs.60,700 per kg
    October 31 Rate Rs.61,000 per kg
    Highest Rate in October Rs.63,500 per kg on 21 October
    Lowest Rate in October Rs.60,210 per kg on 8 October
    Overall Monthly Performance Incline
    Percentage Change 0.49%

    Trend of Silver Rate in Coimbatore for September 2020 (rates per kg)

    Parameters Silver Price (per kg)
    September 1 Rate Rs.76,500 per kg
    September 30 Rate Rs.62,500 per kg
    Highest Rate in September Rs.76,500 per kg on 1 September
    Lowest Rate in September Rs.58,500 per kg on 24 September
    Overall Monthly Performance Decline
    Percentage Change -18.30%

    Trend of Silver Rate in Coimbatore for August 2020 (rates per kg)

    Parameters Silver Price (per kg)
    August 1 Rate Rs.65,010 per kg
    August 31 Rate Rs.66,370 per kg
    Highest Rate in August Rs.76,520 per kg on 8 August
    Lowest Rate in August Rs.65,010 per kg on 1 and 13 August
    Overall Monthly Performance Incline
    Percentage Change 2.09%

    Trend of Silver Rate in Coimbatore for July 2020 (rates per kg)

    Parameters Silver Price (per kg)
    July 1 Rate Rs.48,560 per kg
    July 31 Rate Rs.63,010 per kg
    Highest Rate in July Rs.66,060 per kg on 30 July
    Lowest Rate in July Rs.48,510 per kg on 5 July
    Overall Monthly Performance Incline
    Percentage Change 29.75%

    Trend of Silver Rate in Coimbatore for June 2020 (rates per kg)

    Parameters Silver Price (per kg)
    June 1 Rate Rs.50,120 per kg
    June 30 Rate Rs.48,510 per kg
    Highest Rate in June Rs.50,160 per kg on 2 June
    Lowest Rate in June Rs.47,110 per kg on 16 June
    Overall Monthly Performance Decline
    Percentage Change -3.21%

    Trend of Silver Rate in Coimbatore for May 2020 (rates per kg)

    Parameters Silver Price (per kg)
    May 1 Rate Rs.42,530 per kg
    May 31 Rate Rs.50,100 per kg
    Highest Rate in May Rs.51,400 per kg on 25 May
    Lowest Rate in May Rs.41,010 per kg on 2 May
    Overall Monthly Performance Incline
    Percentage Change 17.79%
    • In Coimbatore, a kilo of the white metal cost Rs.42,530 at the start of the month. There was an increase of Rs.1,010 for every kilogram when compared to the price charged on the final day of the previous month. Silver recorded its lowest price for the month on 2nd May after the rates declined as the value of dollar increased in the international market. A kilo of the precious metal was retailed for Rs.41,010 in the city. The metal closed the opening week of the month at Rs.42,010 per kg.
    • The rates of silver witnessed a lot of fluctuations over the month in the city. This was accounted to tensions between the United States of America and China, increase and decrease of risk appetite and investors shifting to the equities market. A kilogram of the white metal was retailed for Rs.42,960 and Rs.48,200 respectively at the end of the second and third week of May in Coimbatore.
    • Silver recorded its highest price for the month on 25th May after the rates increased continuously since the end of the third week. A kilo of the white metal cost Rs.51,400 on the mentioned date. The rates continued to fluctuate following that and closed the month at Rs.50,100 after the rates shot up by Rs.1,540 for every kilogram. The overall performance of the metal witnessed an inclining trend in Coimbatore with the percentage change recorded being 17.79%.

    Trend of Silver Rate in Coimbatore for April 2020 (rates per kg)

    Parameters Silver Price (per kg)
    April 1 Rate Rs.40,500 per kg
    April 30 Rate Rs.41,520 per kg
    Highest Rate in April Rs.42,710 per kg on 21 April
    Lowest Rate in April Rs.40,360 per kg on 6 April
    Overall Monthly Performance Incline
    Percentage Change 2.51%
    • In Coimbatore, silver opened the month of April at Rs.40,500 per kg. Compared to the closing price of the previous month, the rates didn’t any change. Over the first week of the month, the rates remained constant for the most part before slipping to its lowest on 6th April with a kilo costing Rs.40,360. The decline in the rates was accounted to equities gaining given the signs of a slowdown in fresh coronavirus cases across the world.
    • Over the next couple of the weeks, the rates of the white metal saw a lot of fluctuations. Silver touched its highest price for the month on 21st April with a kilo of the white metal being retailed for Rs.42.710 in the city. The increase in the prices was accounted to investors finding refuge in safe-haven assets as international crude oil prices slipped due to weak demand.
    • The fluctuations continued in the final week as well and closed the month at Rs.41,520 per kg. The overall performance of the precious metal in the city saw an incline with the percentage change being 2.51%.

    Trend of Silver Rate in Coimbatore for March 2020 (rates per kg)

    Parameters Silver Price (per kg)
    March 1 Rate Rs.47,400 per kg
    March 31 Rate Rs.40,500 per kg
    Highest Rate in March Rs.50,700 per kg on 6 March
    Lowest Rate in March Rs.37,800 per kg on 19 March
    Overall Monthly Performance Decline
    Percentage Change -14.55%
    • In Coimbatore, silver opened the month of March at Rs.47,400 per kg. Compared to the previous month’s closing price, the rates didn’t see any change.
    • The rates of the white metal climbed to Rs.50,700 per kg on the 6th of March. This was the highest recorded price of the metal in the city for the entire month. The increase was accounted to the anticipated cut in the interest rates by the US Federal Reserve.
    • Silver prices slipped following that and cost Rs.44,000 per kg at the end of the second week. The rates continued to fall and recorded its lowest on 19 March as investors embarked on a selling spree to meet margin calls across markets which suffered because of the coronavirus outbreak. A kilo of the precious metal was retailed for Rs.37,800 on the day.
    • Over the next few days, the rates improved slightly as the US Federal Reserve announced unprecedented measures to absorb the impact of coronavirus on the economy. Silver closed the month at Rs.40,500 per kg after staying constant for the last eight days of the month. The overall performance of the metal showed a decline of 14.55%.

    Trend of Silver Rate in Coimbatore for February 2020 (rates per kg)

    Parameters Silver Price (per kg
    February 1 Rate Rs.50,300 per kg
    February 29 Rate Rs.47,400 per kg
    Highest Rate in February Rs.52,900 per kg on 24 February
    Lowest Rate in February Rs.47,400 per kg on 29 February
    Overall Monthly Performance Decline
    Percentage Change -5.76%
    • The prices for silver in India had opened at Rs.50,300 on 1 February 2020. As the coronavirus continued to spread across various corners of the world, an increase in the demands for safe havens drove the price of silver. By the next day, the central bank of China had injected 1.2 trillion yuan ($171 billion) into the market. As a result, the price of silver skid within the first week of February.
    • The next week started with the coronavirus offset driving a reprieve for equities after China had imposed travel restrictions. After remaining flat for a few days, the price of silver fell most as investors’ risk appetite increased after many reports claimed a decline in coronavirus cases. By the end of the week, silver was priced at Rs.50,000 per kg.
    • Investors had started betting on this safe-haven metal for hedging against the impact that the virus had on the economy. This resulted in the rise of silver's price to Rs.50,400 per kg. The third week of February had closed with the white metal valued at Rs.52,400 per kg.
    • Silver stepped into the fourth week with a rise in its price to Rs.52,900 per kg. Once again, the epidemic forced investors to find their refuge in the safe-haven metal. During this week, the price of silver fell as investors had booked profits amidst a weak global market. Silver had closed at a price of Rs.47,400 per kg.

    Trend of Silver Rate in Coimbatore for January 2020 (rates per kg)

    Parameters Silver Price (per kg)
    January 1 Rate Rs.50,300 per kg
    January 31 Rate Rs.50,200 per kg
    Highest Rate in January Rs.52,600 per kg on 8 January
    Lowest Rate in January Rs.49,200 per kg on 30 January
    Overall Monthly Performance Decline
    Percentage Change -0.19%
    • The price of silver in Coimbatore opened at Rs.50,300 per kg for the month of January. When compared to the last day of December 2019, the prices of the white metal had reduced by Rs.600.
    • However, over the course of the next few days, the prices of silver increased gradually because of the tensions between Iran and the US. Silver hit its highest rate during the period and touched Rs.52,600 per kg on 8 January 2020.
    • The prices of silver fluctuated throughout the rest of the month in Coimbatore. The outbreak of the coronavirus and the signing of the trade deal ensured that the prices of silver had reduced by the end of the month.
    • Due to the reduction in prices, silver prices saw a decline of 0.19% for the month of January in Coimbatore and closed at Rs.50,200 per kg. The lowest price of silver for the month of January was Rs.49,200 per kg.

    Also Check Silver Price in NearBy Cities of Coimbatore

    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.

    FAQs on Silver Rate in Coimbatore

    1. Does the silver price in Coimbatore change daily?
    2. Yes, silver price in Coimbatore changes depending on many factors. The price of crude oil, the trend of the equities market, political and socio-economic factors along with the value of the rupee and the dollar affects silver prices in Coimbatore.

    3. Where can I buy the best quality silver in Coimbatore?
    4. You can purchase silver from the leading silver retailers and jewellers in Coimbatore.

    5. What factors affect the silver rate in Coimbatore?
    6. There are many factors which affect the silver rate in Coimbatore. Some of the factors include the value of the rupee and the dollar in the international market along with the trend of the bullion market. Apart from this, the price of crude oil and the performance of the equities market also affects silver price in India and in Coimbatore.

    Read more on Silver

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    News About Silver Rate in Coimbatore

    • Silver and gold rates show an inclining trend in the market

      Gold prices showed an inclining trend after rising for the second time in the past 2 days, rising by Rs.297 to Rs.48,946 per 10 grams in New Delhi. The yellow metal had previously closed at Rs.48,649 per 10 grams and with a positive trend seen in the international market, the gold rate increased in the country.

      Silver prices as well, increased by more than Rs.1,000 at Rs.1,404 to Rs.65,380 per kg compared to its previous closing price of Rs.63,976 per kg.

      In the international market, gold and silver prices were trading positively at $1,858 per ounce and $25.39 per ounce respectively.

      15 January 2021

    • Gold prices drop; silver prices show a steady incline

      The price of gold dipped by Rs.85 to Rs.48,811 per 10 grams on Monday, due to the appreciation of the value of the rupee. The precious metal had previously closed to Rs.48,896 per 10 grams. However, silver prices increased by Rs.144 to Rs.49,880 per kg compared to Rs.49,736 per kg.

      Spot gold prices for 24-karat in New Delhi was trading below by Rs.85 due to the appreciation of the rupee according to Tapan Patel, HDFC Securities Senior Analyst (Commodities). The value of the rupee appreciated by 17 paise and closed at 76.03 against the dollar. In the international market showed an inclining trend at $1,746 per ounce and silver priced at $17.83 per ounce.

      The price of the metal increased due to its safe-haven demand with slow economic recovery. Along with this, the rising COVID-19 cases, the risk appetite amongst investors dipped.

      22 June 2020

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