• Silver Rate in Delhi

    Daily Silver Rates
    Date Silver (1 gram) Bar Silver (1 Kg)
    26 May 2018 ₹ 43.6 ₹ 43,600
    25 May 2018 ₹ 43.8 ₹ 43,800
    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

    *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 Delhi

    Silver is one of the most sought-after commodities in Delhi. The national capital, with its vast population, is a major driver for silver sales in the country. Consequently, silver rates in Delhi can be accepted as a benchmark for silver rates in the country. Silver is not only popular with the ever-expanding middle class in the city, even the lower income groups rely on silver as a form of investment to hedge against inflation and market movement, while they receive the option for immediate liquidity when the need so arises.

    Silver is mainly purchased in Delhi in its physical form, which offers options such as coins, silverware, jewelry, bullions and so on. Silver is also traded by residents of Delhi in the Multi Commodity Exchange and the National Commodities and Derivatives Exchange, which offer different contracts of silver, and are available for a specified number of months in a year.

    Trend of Silver Rate in Delhi 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 Delhi 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 Delhi 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 (1-4)

    • Silver prices in Delhi were steady as the week began, with the industrial metal priced at Rs.42,600 per kg on 1 February.
    • A resurgent U.S. Dollar led to a drop in demand for silver as industrial units reduced offtake due to the higher import costs.
    • Prices fell to Rs.41,700 per kg on 3 February, with the price remaining unchanged as the week ended on 4 February.

    February 2018- Week 2 (5-11)

    • The start of the second week saw silver prices fall still further as coin makers also reduced demand.
    • Silver was priced at Rs.41,500 per kg on 5 February as demand from local industry reflected trends seen overseas, with a decrease in demand recorded.
    • Prices jumped to Rs.41,900 per kg on 6 February as markets took a tumble and investors rushed to safe-haven assets like silver to offset market losses.
    • A steady drop in price was seen as demand stagnated due to a reduction in offtake as the dollar recovered from its earlier fall.
    • Silver prices fell to Rs.40,800 per kg on 8 February amidst a universal drop in demand from industrial units as stock markets revived and interest in bullion fell.
    • Prices fluctuated due to demand vagaries, with local demand remaining constant in spite of sharp dips overseas.
    • The drop in price continued as the week drew to a close, with silver priced at Rs.40,600 per kg on 11 February.

    February 2018- Week 3 (12-18)

    • Interest in silver rose in the third week as unstable equity markets and volatility among currencies led to a rise in the metal’s value.
    • Silver opened the week trading at Rs.40,900 per kg on 12 February on renewed orders from overseas markets, especially China.
    • The rise in demand also bolstered local demand for the industrial metal, resulting in prices rising to Rs.41,400 per kg on 14 February.
    • Higher than expected inflation data led to a dip in U.S. markets, as investors were wary of monetary tightening policies and less liquidity in the economy.
    • Prices remained high for the rest of the week, with silver trading at Rs.41,700 per kg on 18 February.

    February 2018- Week 4 (19-25)

    • Fluctuations in the price of silver were observed, as local demand could not stop the decrease in value of the metal.
    • The industrial metal traded at Rs.41,600 per kg on 19 February as industrial demand dropped as markets enjoyed a bull run and the dollar was stable.
    • Prices dipped to Rs.41,200 per kg on 20 February as coin makers reduced orders and retail demand also saw a drop.
    • The possibility of a government shutdown in the U.S. led to panic across the bourses and share prices tumbled, which sent investors to silver to help stem equity losses.
    • Silver prices thus rose marginally to trade at Rs.41,600 per kg on 23 February, though local demand did not see much change.
    • A nominal dip in price saw the week close with silver trading at Rs.41,500 per kg on 25 February.

    February 2018- Week 5 (26-28)

    • There was a sharp dip in price in the last week of February as demand for silver plummeted due to unfavourable market conditions.
    • Silver opened the week strongly, trading at Rs.41,600 per kg on 26 February as markets were jittery ahead of a Federal Reserve meeting on monetary policy.
    • A slight rise in price was seen on 27 February with silver trading at Rs.41,700 per kg as positive sentiment towards the metal continued among investors.
    • A steep drop in price saw the month end with silver trading at Rs.41,200 per kg on 28 February to record a 3.28% loss in value over the course of the month.

    Trend of Silver Rate in Delhi 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):

    • Silver prices in Delhi witnessed a steady rise in prices this week due to an increased demand from local coin makers and industrial units.
    • When the month began, silver was priced at Rs.38,925 per kg, this rose to Rs.39,115 per kg on the 2nd as purchases increase.
    • On the 3rd, silver prices fell very slightly to Rs.39,110 per kg, before going up marginally to Rs.39,115 per kg on the 4th.
    • Silver rates rose on the 5th to hit Rs.39,265 per kg as demand was on the rise - a considerably strong rise compared to sub par performance of the previous few days.
    • This 6th and the 7th of January saw silver rates rise to Rs.39,355 per kg and hold on at this rate till the closing hours of the week.

    January 2018 - Week 2 (8 - 14):

    • Silver was recorded trading at Rs.39,265 per kg when the second week of January began on the 8th.
    • However, silver prices dropped to Rs.39,110 per kg on the 9th after equity markets strengthened amid a strong dollar index, causing demand to drop.
    • Silver rates continued to hold at Rs.39,110 per kg levels over the next few days as demand from industrial units and coin manufacturers remained steady.
    • Silver rates in the nizam city surged to Rs.39,265 per kg before rising further to Rs.39,355 per kg on the 13th as the US dollar seemed to weaken amid growing concerns in the US.
    • Strong industrial demand coupled with a positive trend overseas led to silver rates continue at at Rs.39,355 per kg at the time of the week’s closing on the 14th of January.

    January 2018 - Week 3 (15 - 21):

    • The third week of January started strongly due to a sudden burst in demand but rates fell as the week progressed and demand took a hit.
    • SIlver was seen trading at Rs.39,680 per kg - a Rs.325 per kg incline - when trading commenced for the week.
    • As mentioned above, rates seemed to be on the decline for much of the week after a strong start.
    • Over the 16th and the 17th of January, silver rates held on at Rs.39,670 per kg as demand seemed to drop amid poor sales.
    • Prices took a hit again on the 18th and they went down to Rs.39,265 per kg as local investors backed out from purchases as the US dollar seemed to rally.
    • At the time of closing, on the 21st, the white metal was seen trading at Rs.39,265 per kg.

    January 2018 - Week 4 (22 - 28):

    • Due to a lack of clear stimulus silver rates saw little change over the fourth week of January - following the same trend as the previous week.
    • The week however, began strongly with the metal being priced at Rs.42,000 as markets opened for the week on the 22nd of January.
    • Silver continued to trade at Rs.42,000 per kg on the 23th as demand from local investors was steady.
    • The 24th saw prices change by Rs.200, which was evident with the Rs.42,200 per kg closing rate seen at the time of closing.
    • Overnight trading positions towards the 25th of January pushed silver prices to surge to Rs.43,100 per kg.
    • Silver rates held on at Rs.43,100 per kg as demand from all investor circles - i.e., coin makers, jewellers, and industries remained flat.

    January 2018 - Week 5 (29 - 31):

    • When trading began for the final week in January, silver was priced at Rs.42,700 per kg.
    • Silver prices fell to Rs.42,200 per kg on the 30th - the second day of this week as the US dollar remained strong, thanks to a firm equity market.
    • The 31st too saw silver rates continue at Rs.42,200 as the demand form the previous day continued to flourish.
    • Strong global cues and a strong local demand heralded a record-breaking change in prices for the month of January.
    • There was a 8.41% change in silver prices this month, one of the highest seen over the past few years.

    Trend of Silver Rate in Delhi 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 to 10th)

    • When trading commenced for the last month, silver rates in Delhi were holding at Rs.38,230 per kg on the 1st.
    • Strong demand coupled with positive trends overseas over led to silver price in Delhi rising to Rs.38,815 per kg on the 2nd.
    • Silver Prices plunged to Rs.37,965 per kg on the 5th before rebounding to Rs.38,395 per kg on the 6th due to an increase in demand from industrial units and coin makers.
    • The strengthening US dollar coupled with well-performing equities led to silver rate in Delhi dropping significantly over the next few days.
    • On the 7th, the white metal rates were recorded at Rs.37,235 per kg owing to the reduced industrial demand brought about by the strong US dollar index.
    • Silver rate in Delhi plunged further to Rs.36,620 per kg on the 8th before stabilising at Rs.36,715 per kg on the 9th amid the poor trends overseas.
    • The week concluded with the industrial metal holding steady at Rs.36,715 per kg on the 10th owing to a steady but subdued demand for the white metal.

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

    • The second week began with the white metal priced relatively higher at Rs.36,920 per kg on the 11th following an increase in demand from the previous week.
    • However, with the US dollar gaining against other major emerging currencies after the approval of the new US tax bill by the US Senate, silver price in Delhi plunged to Rs.36,620 per kg on the 12th.
    • On the 13th, silver rate in Delhi hit their lowest recorded monthly figure of Rs.36,545 per kg owing to the declining demand brought about the weak global cues.
    • With investors mulled over by the drawbacks of the landmark US tax reform plan, the US dollar lost its sheen. This resulted in the white metal prices rebounding to Rs.38,395 per kg on the 14th.
    • The US dollar, however, gained against a basket of other emerging currencies ahead of the monetary policy meeting by the Federal Reserve. This led to silver being priced at Rs.36,920 per kg for the remainder of the week.

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

    • Trading opened for the third week with the industrial metal priced at Rs.38,395 per kg on the 18th.
    • Uneven global trends and varying US dollar rates led to silver rates fluctuating throughout the week.
    • On the 19th, the white metal prices were holding at Rs.37,800 per kg. However, silver rates surged to Rs.38,395 per kg on the 20th owing to a steep incline in industrial demand amid a positive trend overseas.
    • Silver price in Delhi dropped again to Rs.37,705 per kg on the 21st after a decline in demand was brought about by the US dollar’s strong performance against other apex currencies.
    • However, the new tax cuts by the Federal Reserve resulted in the Asian markets’ downfall. This led to an increase in demand for safe-haven assets such as silver and gold globally.
    • When the week concluded, the white metal was recorded trading at Rs.38,395 per kg amid the strong trends overseas.

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

    • The last week commenced with silver holding steady at Rs.38,395 per kg on the 25th with steady demand by industrial units and coin manufacturers.
    • Silver rate in Delhi plunged to Rs.38,005 per kg on the 26th before rebounding to Rs.38,275 per kg the following day due to an increase in global demand brought about by the weakened US dollar.
    • The weak US dollar index coupled with a poorly performing equities market led to silver prices rising to Rs.38,815 per kg and Rs.39,265 per kg on the 29th and the 30th respectively.
    • Strong investor sentiments brought about the positive trends overseas led to silver prices in Delhi holding steady at Rs.39,265 per kg on the 31st.
    • Strong demand coupled with positive global cues resulted in Delhi registering a profit of 2.70% in silver trade during the course of the month.

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

    Parameters Silver price (per kg)
    Silver rate on 1st November 2017 Rs.38,995 per kg
    Silver rate on 30th November 2017 Rs.38,640 per kg
    Highest Rate in November Rs.40,520 per kg on 18 and 19 November
    Lowest Rate in November Rs.38,640 per kg on 30 November
    Overall Monthly Performance Decline
    Percentage Change 0.91%

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

    • The price of silver in Delhi was unstable as the month began, with the metal trading at Rs. Rs.38,995 per kg.
    • Silver price in Delhi rose to trade at Rs.39,950 per kg on 2 November due to an increase in local demand ahead of the festive season.
    • Demand also rose as investors moved to invest in silver due to poorly-performing equity markets, which bolstered demand for the industrial metal both locally as well as internationally.
    • Silver traded at Rs.39,355 per kg on 4 November as prices remained constant till the week ended on 5 November.

    November 2017- Week 2 (6 to 12)

    • Silver was priced at Rs.39,355 per kg on 6 November, with prices remaining the same from the previous week due to static demand.
    • The price of silver in Delhi rose as markets were volatile as news that Saudi Arabia had detained several of its top-ranking officials led to world markets plunging and with silver trading at Rs.40,040 per kg on 7 November.
    • Local demand capitalised on the political turmoil caused by the Saudi Arabian crisis, with silver trading at Rs.40,040 per kg on 8 & 9 November.
    • Demand fell marginally towards the middle of the week, with silver trading at Rs.39,970 per kg on 10 November.
    • There was little change in the price of silver for the rest of the week, with the metal trading at Rs.39,970 per kg on 12 November.

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

    • The third week of November saw a rise in the price of silver as tensions arising out of the Saudi government’s purge and tensions over Brexit.
    • Silver opened the week at Rs.39,870 per kg on 13 November, with the prices down due to a drop in demand from overseas.
    • Prices climbed as the week progressed due to fluctuations in the British equity markets as Brexit negotiations were flagging, leading to silver price in Delhi rising to Rs.40,140 per kg on 14 November.
    • Silver continued to make gains, with the metal trading at Rs.40,240 per kg on 15 & 16 November following an increase in orders from Asia.
    • Silver price in Delhi fell to Rs.40,040 per kg on 17 November as demand was poor domestically.
    • Orders from coin makers also rose during this time, though prices did not see much of a change.
    • Tensions with North Korea rose as the week ended, resulting in silver prices rising to Rs.40,520 per kg on 18 & 19 November.

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

    • Silver opened the week at Rs.40,440 per kg on 20 November as markets were stable after recovering from the previous week’s losses.
    • Silver price in Delhi dropped to Rs.Rs.39,780 per kg on 21 November as the market recovery led to a rise in the dollar rate, which resulted in a decrease in demand from international and domestic industry.
    • Local prices continued to dip, trading at Rs.39,265 per kg on 22 November.
    • Silver price in Delhi made small gains towards the middle of the week, trading at Rs.40,060 per kg on 23 November after a slight rise in local demand.
    • The renewal of tensions over North Korea’s nuclear capabilities and missile testing led to equity markets falling in the United States, which prompted greater demand for silver.
    • The week ended with silver prices continuing to fluctuate, trading at Rs.39,780 per kg on 26 November.

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

    • There was a drop in the price of silver in the final week of November as demand began to slow down.
    • Silver traded at Rs.39,780 per kg on 27 November as demand was unchanging, with industrial units and retail demand falling.
    • Silver price in Delhi fell to Rs.39,680 per kg on 28 November as demand continued to fall due to a reduction in orders.
    • Silver traded at Rs.39,115 per kg on 29 November as markets were buoyed by positive news from the economic front.
    • Silver prices continued to drop as the month drew to a close as the metal traded at Rs.38,640 per kg on 30 November and recording an overall loss of 0.91% in value.

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

    Parameters Silver price (per kg)
    Silver Rate on 1st October 2017 Rs.39,530 per kg
    Silver Rate on 31st October 2017 Rs.39,435 per kg
    Highest Rate in September Rs.40,440 per kg on 16 October
    Lowest Rate in September Rs.39,110 per kg on 5 and 19 October
    Overall Monthly Performance Decline
    Percentage Change -0.24%

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

    • In the first week October, silver traded low and was priced Rs.39,530 per kg due to the declining demand from the industry.
    • Silver Price in Delhi remained constant on the second day of the month and declined further as the US dollar strengthened.
    • The silver rate in Delhi dropped to the month’s lowest on 5 October to Rs.39,110 per kg due to the poor demand from the coin makers.
    • The rates inched high to Rs.39,680 per kg, and traded at the same price for the last two days of the week.

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

    • The week commenced with silver priced at Rs.39,950 per kg.
    • Prices crept up with the rising demand from buyers and retailers and also due to the rising nuclear power of North Korea.
    • The war of words between US and North Korea raised the silver rate in Delhi to Rs.40,390 per kg and kept it stable until the end of the second week.
    • Poor job data in US also factored towards the rise in the silver price in Delhi.

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

    • On the first day of third week, the silver price in Delhi reached the highest and was priced Rs.40,440 per kg owing to the diwali season.
    • The week saw a major fluctuation in the metal’s price due to the subdued demand from the buyers and the weak global cues and resulted the precious metal to be traded at Rs. 39,110 per kg on 19 October. This was the month's lowest.
    • The silver rate in Delhi bounced back to Rs.40,060 per kg and was stable till the end of the week due to the rising geopolitical tension in US, making silver a safe haven.

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

    • Silver Price in Delhi continued to remain the same as the demand for the safe haven increased owing to the instability in the US economy.
    • The rates dropped to Rs.39,780 per kg as the US dollar gained strength before it slammed to Rs.39,435 per kg on 26 and 27 October.
    • Prices dropped further on 28 and 29 October due to the growing demand of the precious metal that reduced the price to Rs.39,115 per kg.
    • Demand spiked as the month ended and plunged the silver rate in Delhi slightly in the capital.

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

    Parameters Silver price (per 1 kg)
    September 1 Rate Rs.40,390 per kg
    September 30 Rate Rs.39,530 per kg
    Highest Rate in September Rs.41,900 per kg on 9 and 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)

    • Silver started at Rs.40,390 per kg on the 1st of September.
    • Silver prices in Delhi continued to remain stable till the 3rd of the month due to stable demand from the domestic market.
    • Silver prices slightly increased on the 04th when the white metal traded at Rs.41,075 per kg.
    • As demand from local market picked up, silver prices in Delhi further picked up on the 6th of September and traded at Rs.41,495 per kg.
    • A positive jobs data made the U.S dollar strong which caused silver prices in Asia fall.
    • Meanwhile, as the news of a nuclear test by North Korea surfaced, investors all around the world rushed to invest in the bullion market which increased silver prices on the 08th. On this day, silver traded at Rs.41,675 per kg.
    • On the 9th and 10th of September, silver recorded the highest selling price for the month of Rs.41,900 per kg as many invested in the white metal.

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

    • Silver priced succumbed to strong U.S dollar and as a result of which the second week of September saw a decline in silver prices.
    • In the second week of September, silver started at Rs.41,075 per kg.
    • Due to strong U.S Dollar, demand from the local market reduced and silver rates dropped to Rs.41,030 per kg on the 12th of September before settling at Rs.41,075 per kg on the 13th of September.
    • Silver prices in Delhi did not see an increase throughout the week as U.S dollar remained strong.
    • The lowest silver rate for this week was recorded from 14th of September to 17th of September when silver was sold at Rs.40,890 per kg.

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

    • Silver in Delhi traded at Rs.40,440 per kg on 18 September as there was a minor dip in orders from Europe.
    • Prices continued to fall throughout week 3, with silver trading at Rs.39,670 per kg on 19 September.
    • A small increase in silver prices was seen on the 20th of September when the white metal traded at Rs.40,060 per kg. This slight increase can be ignored as the prices quickly fell to Rs.39,670 per kg on the 21st of September.
    • From 22nd to 24th of September, silver traded at Rs.40,040 per kg.

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

    • The last week saw a further decline in the price of silver in spite of continued geopolitical tensions in the United States.
    • Following the victory of incumbent Chancellor Angela Merkel in the German elections, silver traded at Rs.39,670 per kg on 25 September and briefly rose to Rs.40,520 per kg on 26 September.
    • The impending Catalan independence referendum did not appear to sway markets, which continued to rise, leading to a drop in demand for silver.
    • Prices dropped to Rs.39,530 per kg on 28th September and remained constant till the month ended on 30th September.
    • The lowest silver price recorded for the month of September in Jaipur was from 28th to 30th of September when silver was sold at Rs.39,530 per kg.
    • Silver prices for the month of September in Delhi registered a loss of 2.12%

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

    Parameters Silver price (per 1 kg)
    Silver Rate on 1st August Rs.38,925 per kg
    Silver Rate on 31st August Rs.40,040 per kg
    Highest Rate in August Rs.40,190 per kg on 29 & 30 August
    Lowest Rate in August Rs.37,235 per kg on 5 & 6 August
    Overall Monthly Performance Incline
    Percentage Change 2.86%

    August ‘17- Week 1 (1st to 6th)

    • The price of silver in the national capital was on the decline in the first week of August, with silver priced at Rs.38,925 per kg on 1 August.
    • Steady demand from both overseas industrial units as well as healthy trading saw silver prices i Delhi rise initially.
    • As the U.S. dollar rate rose after positive cues, a decline in demand for silver was observed, with the metal falling to Rs.37,965 per kg on 3 August.
    • Demand from Asian industry dropped as the dollar continued to rise, making imports more expensive and driving down prices.
    • A momentary rise in price was recorded on 4 August with silver trading at Rs.38,120 per kg but the rates fell the following day as demand could not be sustained.
    • Silver ended the week trading at Rs.37,235 per kg on 5 & 6 August, with the rise in the dollar rate and market forces attributed to the drop.

    August ‘17- Week 2 (7th to 13th)

    • Markets traded low as the second week began, leading to greater demand for the white metal across Europe and the Americas.
    • Silver opened the week at Rs.38,295 per kg on 7 August but prices dropped the following day due to declining demand.
    • The publication of U.S. jobs data initially led to a surge in U.S. markets but the poor figures resulted in markets trading flat as investors put their money into bullion.
    • Demand rose to Rs.38,925 per kg on 10 August and continued to make gains as the dollar dropped.
    • SIlver prices in Delhi reached Rs.39,530 per kg on 11 August as U.S. demand boosted prices before the metal rose higher to trade at Rs.39,670 pe kg on 11 August.
    • There was no change in the price for the remainder of the week, as stable demand and favourable market conditions led to silver ending the week at Rs.39,670 per kg on 13 August.

    August ‘17- Week 3 (14th to 20th)

    • As demand was stable, there were no drastic changes in the price of silver in the third week of August.
    • The metal opened the week at Rs.39,670 per kg on 14 August as local demand began to rise, which helped keep prices stable.
    • Prices fell marginally to Rs.38,815 per kg on 16 August due to a momentary drop in demand from overseas which also affected local prices.
    • Demand rose to Rs.39,530 per kg on 17 August as coin makers increased orders.
    • A drop in local demand led to prices falling to Rs.39,115 per kg on 18 August, with no change observed till the week ended on 20 August.

    August ‘17- Week 4 (21st to 27th)

    • Volatile markets and an increase in demand led to silver prices rising in the fourth week of August.
    • The industrial metal opened the week at Rs.39,115 per kg on 21 August, with the price remaining the same as last week due to stagnant demand.
    • Prices rose towards the middle of the week as there was an increase in war rhetoric, which resulted in markets panicking and investors switching to commodities over securities.
    • Silver traded at Rs.39,265 per kg on 22 August as higher demand from Asian industry in particular led to a rise in price.
    • In spite of overseas demand being high, domestic demand dropped, leading to a fall in the price of silver to Rs.38,995 per kg on 25 August.
    • The persistent threat of war with North Korea after the test of a new missile on 26 August led to markets falling across the world.
    • There was no change in the price of silver in spite of the drop in dollar rates and volatile markets, resulting in silver ending the week at Rs.38,995 per kg on 27 August.

    August ‘17- Week 5 (28th to 31st)

    • Prices of bullion, in particular those of silver were on the rise in the last week of August as market conditions and heightened demand pushed prices higher.
    • Silver traded at Rs.39,435 per kg on 28 August, with local industry also increasing orders due to the low U.S. dollar rate.
    • The hurricane sweeping across the United States led to markets dropping points, which led many investors to gold and silver as a way to safeguard their portfolios.
    • The metal rose to Rs.40,190 per kg on 29 August, fuelled by demand from both Asian and European retail demand.
    • A drop in demand was recorded as the month ended, with solver silver price in Delhi falling to Rs.40,040 per kg on 31 August.
    • In spite of the late rally and volatile prices, silver recorded an increase of 2.86% over the course of the month.

    Trend of Silver Rate in Delhi for July 2017 (rates per kilogram)

    Parameters Silver price
    July 1 Rate Rs.38,640 per kg
    July 31 Rate Rs.38,640 per kg
    Highest Rate in July Rs.38,690 per kg on 3 July
    Lowest Rate in July Rs.36,035 per kg on 10 July
    Overall Monthly Performance No change
    Percentage Change 0%

    July ‘17- Week 1 (1st to 9th)

    • Silver opened the month at Rs.38,640 per kg as overseas demand was steady, though local demand was muted after the imposition of the new tax regime.
    • The decline in local demand was reflected in the price as silver fell to Rs.37,705 per kg on 4 July, with the markets rising as investor sentiment was high.
    • Silver continued to fall as the week progressed, with poor industrial demand and lower demand from coin makers cited as possible reasons.
    • The week ended with silver priced at Rs.37,115 per kg on 9 July.

    July ‘17- Week 2 (10th to 16th)

    • Demand was poor in the second week as currency markets were stable and stock markets were also on the ascent.
    • Silver price in Delhi dropped to Rs.36,035 per kg on 10 July as retail demand in the metal was poor.
    • Prices rose marginally to trade at Rs.36,920 per kg on 12 & 13 July due to a sudden influx of demand from China.
    • The relative lack of political instability and the threat of sanctions on North Korea kept markets from falling too steeply.
    • Silver prices recovered as the week ended, with the industrial metal priced at Rs.37,180 per kg on 15 & 16 July.

    July ‘17- Week 3 (17th to 23rd)

    • Persistent demand from Asian industrial units as well as rise in retail demand bolstered demand for silver in the third week.
    • While there was no change in its price as the week began, silver roser to Rs.37,600 per kg on 18 July on stable demand from both overseas as well as local buyers.
    • Prices rose to Rs.37,800 per kg on 21 July as markets appeared to be on the downslide after news of an imminent repeal of Obamacare.
    • Demand rose to Rs.38,005 per kg on 22 & 23 July as coin makers also increased demand due to favourable market conditions.

    July ‘17- Week 4 (24th to 31st)

    • While prices were high in the fourth week, there was some fluctuation in the price of silver.
    • The metal opened the week at Rs.38,120 per kg on 24 July before rising to Rs.38,690 per kg on 27 July.
    • Demand was on the rise as geopolitical tensions led to greater demand for safe-haven assets like silver.
    • Prices dropped to Rs.38,460 per kg on 29 July before the month ended with silver priced at Rs.38,640 per kg on 31 July.
    Parameters Silver price
    June 1 Rate Rs.40,285 per kg
    June 30 Rate Rs.38,995 per kg
    Highest Rate in June Rs.40,890 per kg on 7 June
    Lowest Rate in June Rs.38,455 per kg on 21 June
    Overall Monthly Performance Decline
    Percentage Change -3.20%

    June 2017 - Week 1 (1st - 4th)

    • When trading began for the month of June in Delhi, silver was trading at Rs.40,285 per kg.
    • Due to a drop in demand, silver price in Delhi wend down by Rs.385 on the 2nd to trade at Rs.39,950 per kg.
    • Thanks to a surge in domestic demand, spurred by weak US market data, prices increased by Rs.720 - bringing effective trading rates to Rs.40,670 per kg on the 3rd.
    • As there was a sustained demand for the metal on 4th, rates remained at Rs.40,670 per kg on the 4th.

    June 2017 - Week 2 (5th - 11th)

    • The second week of June began with silver prices in Delhi still holding at Rs.40,670 per kg. Rates remained unchanged on the 6th thanks to balanced off take from industrial units and coin makers.
    • Silver prices went up to Rs.40,890 per kg on the 7th - the highest rate for the entire month - as demand surged considerably.
    • On the 8th, silver prices decreased to Rs.40,725 per kg as demand fell after the unexpected rise the previous day.
    • Prices went down again on the 9th, by Rs.540, for silver to trade at Rs.40,285 per kg and went down again on the 11th to Rs.40,060 per kg as demand showed no signs of picking up.

    June 2017 - Week 3 (12th - 18th)

    • Silver rates fluctuated and subsequently decreased for most part of June week 3 due to uneven demand.
    • The 12th saw silver trade at Rs.39,680 per kg, which then declined to Rs.39,435 per kg on the 13th as local investors backed away from purchasing the metal.
    • Prices dropped again on the 14th to Rs.39,115 per kg but increased briefly to Rs.39,265 per kg on the 15th.
    • As prices decreased to Rs.38,995 per kg on the 16th, the slight hike the previous day seemed like an anomaly.
    • On the 17th, silver recorded its biggest price drop of Rs.535 to reach Rs.38,460 and remained unchanged on the 18th of the month.

    June 2017 - Week 4 (19th - 25th)

    • The fourth week began, on 19th, in Delhi with silver trading at Rs.38,460 per kg before remaining unchanged on the 20th.
    • However, as demand kept falling, silver recorded its lowest price for the month at Rs.38,455 per kg on the 21st.
    • Silver prices increased very slightly to Rs.38,460 per kg on the 22nd before going up by Rs.230 to trade at Rs.38,690 per kg on the 23rd.
    • Over the last two days of June week 4, silver traded at Rs.38,995 per kg as domestic demand seemed to pick up.

    June 2017 - Week 5 (26th - 30th)

    • The final week of June began in Delhi with silver trading at Rs.38,925 per kg.
    • However, as demand went down considerably prices decreased to Rs.38,455 per kg.
    • On the 28th, silver prices went up to Rs.39,115 per gram - a Rs.650 per kg increase from the previous day’s closing figures - as buyers flocked bullion exchanges.
    • Silver prices went back down to Rs.38,995 per kg on the 30th after the buying frenzy subsided in just a day’s time.
    • Despite some end of the month flourishes, silver prices declined at an alarming rate of 3.20% for the month of June.
    May 1st Rate Rs.40,040 per kg
    May 31st Rate Rs.40,060 per kg
    Highest Rate in May Rs.40,520 per kg on 30th May
    Lowest Rate in May Rs.37,705 per kg on 10 & 11th May
    Overall Performance Incline
    Percentage Change 0.04%
    Comparison for 1 gram Silver Rates for Delhi May'17

    May ’17 – Week 1 (1st – 7th)

    • Silver hit the market at Rs.40,040 per kg on the first day of the month in Delhi. In the first week of May, there were minor fluctuations in the price of the precious metal. Prices went down and again picked up on the last day of the week.
    • On 2nd May, the price of silver went down from Rs.40,040 per kg to Rs.39,115 per kg, a fall by Rs.925 per kg. This decline was due to upward movements in the stock market combined with the increase in the US Dollar rate.
    • In the aftermath of the French election and other geopolitical factors involving US and North Korea, the price of silver tumbled down again on 3rd May to Rs.38,925 per kg. This was a fall by Rs.190 per kg.
    • Over the course of the next few days, prices further fell as demand forces played havoc. Prices fell to the lowest in the week on 5th April, reaching Rs.37,965 per kg.
    • The next day, the precious metal recovered from the hit and reached a moderate incline of Rs.38,005 per kg. The price of silver remained the same the next day and the week came to an end at this price.

    May ’17 – Week 2 (8th – 14th)

    • The second week of May took off on a low note in Delhi with prices going downwards but prices picked up over the course of the week, leading to a moderate increase by the end of the week.
    • The week opened on 8th of May at Rs.37,965 per kg, a stumble from the previous week due to the winning of Emmanuel Macron in the French presidential election and the strengthening of the Euro against the US Dollar.
    • Prices took a hit due to the winning of a centrist candidate in France. Prices continued to drop in the next three days reaching Rs.37,705 per kg on 10th May. This was the lowest dip in the month of May.
    • The price remained the same on the next day, influenced by the political environment and a withdrawal in safe-haven buying.
    • Prices picked up from 12th of May, reaching Rs.37,865 per kg, an increase by Rs.160 per kg as demand forces came into play.
    • As industrial demand rose in Delhi, the price of the precious white metal further increased reaching Rs.38,005 on 13th May.
    • The price remained the same on the next day with demand stabilizing. The week came to an end at Rs.38,005 per kg.

    May ’17- Week 3 (15th – 21st)

    • The third week of April began on a high note in Delhi as prices opened at an inclined Rs.38,230 per kg as the US Dollar rate came down, driving the demand for the precious white metal.
    • During the course of the week, prices increased due to a fall in US manufacturing, which if increased, would have led to the US Federal Reserve increasing interest rates. On 16th May prices stood at Rs.38,640 per kg, increasing by Rs.335 on the next day when prices stood at Rs.38,995.
    • The price of the silver metal dropped slightly on 18th may, reaching a price of Rs.39,265 per kg due to a fall in industrial demand.
    • Over the course of the next two days, the price of silver continued to increase. On 19th May the price of the precious metal was Rs.38,815 per kg and it increased to Rs.39,115 on the last day of the week.

    May ’17 – Week 4 (22nd – 28th)

    • Silver hit the market on 22nd May at Rs.39,265 per kg prompted by a gain in the Asian markets. In the fourth week of May, prices took an upward trend due to a rise in safe-haven buying.
    • Prices increased again on 23rd May to Rs.40,040 per kg only to fall the next day to Rs.39,670 per kg. This was due to the Manchester blast, which, pulled down the price of the precious metal as investors took a pause.
    • From 25th May onwards, prices continued to increase as the US dollar weakened as chances of the US Federal Reserve increasing interest rates looked bleak.
    • On 25th May the price stood at Rs.39,950 per kg. The price remained the same on the next day.
    • On the last of the week, the price of the precious white metal stood at Rs.40,190 per kg, an incline over the course of the week.

    May ’17 – Week 5 (29th – 31st)

    • The fifth week was a hopeful one for Delhi as there was an incline in the prices of silver due to geopolitical developments and bleak Asian stock market data. Silver opened at the market on 29th May at Rs.40,285 per kg.
    • On the next day, there was a rise in price by Rs.235 per kg, reaching Rs.40,520 per kg compared to the previous day’s Rs.40,285 per kg.
    • On the last day of May in Delhi, silver was priced at Rs.40,060 per kg, recording an incline of 0.04% in the price.
    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 the 15th and 16th of April
    Lowest Rate in April Rs.40,040 per kg on the 29th and 30th of April
    Overall Performance Decline
    Percentage Change -5.94%

    April ‘17 - Week 1 (1st to 9th)

    • On the first day of April in the city of Delhi, silver was trading at Rs.42,570 per kg which was a rate noted in most cities across the country. As a result of continued demand, the rate of this precious metal remained the same on the 2nd of April as well.
    • It was observed that U.S. Fed projected a very cautious tone with respect to change in rate of interest, affecting the price of silver.
    • Silver traded at Rs.42,435 per kg on the third day of the month and rose to Rs.42,730 per kg on the 4th.
    • As a result of sluggish economic data from the U.S, the price of silver varied.
    • The rate of silver fluctuated between Rs.42,775 per kg on the 5th and Rs.42,570 per kg on the 7th of April due to varying demand.
    • On the last two days of the week, silver traded steadily at Rs.42,640 per kg.

    April ‘17 - Week 2 (10th to 16th)

    • There are a number of factors that have an effect on the rate of silver, such as demand. As there were variations in the demand for this metal from coin makers in domestic and international markets, the rate of silver varied during the second week of the month.
    • On the first day of the second week of April, silver traded at Rs.41,625 per kg and increased to Rs.41,780 per kg on the 11th of April.
    • Due to increased demand for this metal from industrialists, the rate of silver was Rs.42,775 per kg on the 13th and continued to rise thereafter.
    • As the demand for this precious metal increased, this metal was priced at Rs.43,055 per kg on the last two days of the week. This was also the highest at which silver was priced for the entire month.

    April ’17- Week 3 (17th to 23rd)

    • Compared to the rates noted during the first and second week of April, silver traded at a lower price on the 17th due to a rise in the value of the U.S. Dollar.
    • The rate of silver was quite low during the third week of the month and variations were also seen in its price.
    • This metal traded at Rs.42,775 per kg on the 18th of the month and reduced the next day. On the 19th and 20th of the month, the rate of silver was Rs.42,435 per kg.
    • On the last two days of the week, silver was priced at Rs.41,980 per kg due to a fall in the demand.

    April ’17- Weeks 4 (24th to 30th)

    • As the week progressed, the rate of silver was relatively low with a few minor changes in the rate. On the 24th, silver was priced at Rs.41,625 per kg and continued to reduce on account of low demand from coin makers.
    • The French presidential elections had an impact on the rate of silver as well. Centrist candidate Emmanuel Macron won the first round.
    • Between the 25th of April and the 27th of April, silver rates varied between Rs.41,435 per kg and Rs.40,520 per kg.
    • On the 29th and 30th of April, silver was priced at Rs.40,040 per kg which was also the lowest at which this metal was priced at for the month of April.
    • A decline of 5.94% was noted in the rate of silver for the month of April in Delhi.
    Comparison for 1 gram Silver Rates for Delhi February '17
    March 1st Rate Rs.43,970 per kg
    March 31st Rate Rs.42,115 per kg
    Highest Rate in March Rs.44,100 per kg on 2nd March
    Lowest Rate in March Rs.40,040 per kg on 15th March
    Overall Performance Decline
    Percentage Change 3.61%

    March ‘17 - Week 1 (1st to 5th)

    • Demand for silver in Delhi started off decently well before falling eventually.
    • On 1st, silver in Delhi was priced at Rs.43,970 per kg which then gained to reach Rs.44,100 per gram.
    • But as demand from industries and coin makers took a hit, prices went down by Rs.1,370 per kg to Rs.42,730 per kg on 3rd.
    • The sudden fall was curbed by an increase in demand, which took prices up to Rs.43,295 per kg on the 4th.
    • Though silver prices stabilised on the 5th and remained unchanged, the same couldn’t be said for the 6th as rates went down to Rs.42,925 per kg.

    March 2017 - Week 2 (6th - 12th):

    • When week 2 began on 6th, silver prices had dropped to Rs.42,925 as demand fell over the weekend.
    • Rates further fell on 7th to reach Rs.42,570 per kg and then went down again on 8th to hit Rs.41,900 per kg.
    • Things weren’t any different on 9th as well as silver prices fell for the fourth consecutive to end at Rs.41,435 per kg.
    • The 10th followed the same downward trend as demand from all key industrial sectors fell with prices going down to Rs.40,670 per kg.
    • Rates however, consolidated over the last two days, i.e, 11th and 12th as the metal was seen trading at Rs.40,520 per kg.

    March 2017 - Week 3 (13th - 19th):

    • When trading began on 13th, silver prices had gone up slightly to Rs.40,760 per kg but decreased considerably to Rs.40,440 per kg on 14th.
    • On 15th, again, prices went down by Rs.400 to reach Rs.40,040 per kg.
    • After consecutive drops, silver price picked up by Rs.850, as demands spiked, to trade at Rs.40,890 per kg.
    • The steep increase turned out to be a one-off incident as prices went up slightly on 17th to reach Rs.40,815 per kg.
    • Over the next two days till the end of the week, prices remained unchanged as demand consolidated.

    March 2017 - Week 4 (20th - 26th):

    • When business day began on 20th, silver prices had picked up slightly from the precious day to to trade at Rs.41,075 per kg.
    • But as demand went down, silver prices also went down to Rs.40,725 per gram which then went up to Rs.41,230 per kg on 22nd.
    • The next two days saw silver rates pick up as demand seemed to increase.
    • On 23rd, silver was priced at Rs.41,340 per kg and then increased to Rs.41,435 per kg on 24th.
    • The last two days of week 4 saw silver prices hold at Rs.41,340 per kg.

    March 2017 - Week 5 (27th - 31st):

    • The last week of March saw silver prices pick up in Delhi.
    • On 27th, silver was priced at Rs.41,900 which then increased to Rs.42,115 per kg on 28th.
    • As there was no change in demand, prices remained unchanged on 29th but went up to Rs.42,435 per kg on 30th.
    • On the last day of March, silver prices took a hit to end at Rs.42,115 per kg.
    • Silver price trends in Delhi saw a decline of -3.61% for the month of March.
    February 1st Rate Rs.42,520 per kg
    February 28th Rate Rs.44,165 per kg
    Highest Rate in February Rs.44,165 per kg on 28th February
    Lowest Rate in February Rs.42,115 per kg on 3rd February
    Overall Performance Incline
    Percentage Change +3.86%

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

    • The rate of silver in Delhi during the first week of February was relatively low owing to a reduction in demand for this precious metal from industrialists and coin makers.
    • Silver traded at Rs.42,520 per kg on 1st February, with the rate rising to Rs.42,640 per kg on 2nd February .
    • A reduction in demand for this meta led to a decrease in price, as silver traded at Rs.42,115 per kg on 3rd February. This was also the lowest at which silver traded for the month of February.
    • Rates rose slightly as the week ended, with silver trading at Rs.42,335 per kg on 5th February. A weekly decrease of Rs.165 per kg was recorded in the rate of silver.

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

    • On the first day of the second week of the month, silver traded at Rs.42,520 per kg on 6th February, with the rates increasing to Rs.42,930 per kg on 7th February on higher demand from industrialists.
    • Prices varied during the week, with silver trading at Rs.42,950 per kg on 9th February before declining to Rs.42,375 per kg on 10th February due to a slump in industrial demand.
    • An rise in local demand led to rates increasing slightly as silver traded at Rss.42,570 per kg on 11th February.
    • Rate of silver remained unchanged as the week ended, with silver trading at Rs.42,570 per kg on 12th February.

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

    • A rise in the value of the U.S. Dollar led to silver demand being muted as the week began, with the metal trading at Rs.43,280 per kg on 13th February.
    • Rate of silver rose to Rs.43,115 per kg on 15th February and later rose to Rs.43,520 per kg on 17th February due to a sudden drop in the value of the U.S. Dollar due to a the U.S. Fed showing no signs of changing interest rates.
    • International as well as local demand kept prices stable as demand fluctuated, trading at Rs.43,400 per kg on 18th February.
    • The week ended with this precious metal trading at Rs.43,400 per kg on 19th February, recording a weekly increase of Rs.120 per kg.

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

    • The rate of silver in the last two weeks of February fluctuated due to U.S. Dollar rates and varying demands for this metal in the local market.
    • Silver was priced at Rs.43,270 per kg on 20th February, with the rate falling further to trade at Rs.43,240 per kg on 22nd February.
    • A slight increase in demand from industrial units led to silver trading at Rs.43,680 per kg on 24th February.
    • Silver rates rose to Rs.43,910 per kg on 25th February, with the price rising to Rs.44,110 per kg on 27th February.
    • Silver rates continued to rise as the month ended, trading at Rs.44,165 per kg on 28th February to record an overall increase of 3.86%.
    January 1st Rate Rs.39,035 per kg
    January 31st Rate Rs.41,980 per kg
    Highest Rate in January Rs.42,180 per kg on 23rd January
    Lowest Rate in January Rs.39,035 per kg on 1st January
    Overall Performance Rise
    Percentage Change +7.54%
    Comparison for 1 gram Silver Rates for Delhi January '17

    January ‘17 - Week 1 (1st to 7th)

    • Silver traded at a promising rate of Rs.39,035 per kg on the first day of the first month of the year.
    • Due to sustained demand and positive market conditions, the price of silver increased the next day to trade at Rs.39,065 per gram.
    • However, this demand could not be sustained and price of silver reduced marginally to trade at Rs.39,530 per kg on the 3rd of January.
    • Demand picked up both in domestic as well as international markets due to which the rate of silver rose to Rs.40,285 per gram on the 4th of the month.
    • Due to a further increase in demand, the price of silver continued increasing and traded at Rs.40,670 per kg but reduced after that.
    • Silver closed at Rs.40,390 per kg on the last day of the week.

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

    • Silver prices continued to rise in the second week of January due to stable demand and favourable market conditions.
    • Silver was priced at Rs.40,390 per kg on 8th January, the price remaining unchanged as demand was consistent.
    • Prices rose to Rs.40,815 per kg on 10th January as demand from markets in Asia was high, as silver rose to Rs.41,295 per kg on 11th January.
    • Demand could not be sustained however, and silver traded at Rs.41,265 per kg on 12th January but fell the following day to trade at Rs.41,030.
    • Silver traded at Rs.40,700 per kg on 14th January as the U.S. Dollar rose.
    • Due to the festive season of harvest, the price of silver was relatively high thanks to increase in demand.

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

    • Prices rose marginally in the third week, though demand fluctuated due to markets.
    • Silver was priced at Rs.41,230 per kg on 15th January and rose to Rs.41,560 per kg on 16th January.
    • Demand rose as the U.S. Dollar continued to reduce, as silver traded at Rs.41,990 per kg on 18th January.
    • The week ended with silver trading at Rs.41,930 per kg on 21st January.

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

    • Silver prices in the last two weeks of January were quite stable as demand was consistent in both domestic as well as international markets.
    • Silver traded at Rs.41,930 per kg on 22nd January which was a continuation of the previous day’s price. Price of silver shot up to Rs.42,1480 per kg on 23rd January, the highest rate for the month.
    • Prices dipped marginally due to a lowering of demand on 24th January.
    • Speculation over the outcome of the U.S. Federal Reserve meeting to be held towards the end of the month led to a decrease in price.
    • Silver traded at Rs.41,435 per kg on 26th January before falling to Rs.41,075 per kg on 28th on stagnant demand from industry.
    • Silver prices fluctuated towards the end of January, closing at Rs.41,980 per kg on 31st January and registered a rise of 7.54%.

    Silver as an Investment in Delhi

    Silver is considered to be a good bet for savings-oriented investment by the residents of Delhi. It is popular among the rural classes also as it offers a means of stability and easy liquidity to them when the need arises. Silver is primarily purchased as silverware or jewelry in Delhi, followed by a decent demand for coins and other products such as idols and lamps. Major areas where investment in silver is seen in the national capital are:

    Physical silver: These are available in the form of jewelry, ornaments, silverware, bars, coins and other varieties. Physical silver can be purchased from the multitude of jewelry and precious metal stores and dealers spread throughout the city. Customers get a large number of options to choose from, owing to the historic city’s centuries old interest in the shiny metal. There are dedicated silver-sellers also operating in the city, who provide various products and options to customize as per customers’ choice.

    Silver contracts: Silver contracts are available from the Multi Commodity Exchange (MCX) and National Commodities and Derivatives Exchange (NCDEX). The exchanges offer silver in different purities such as 999 and 995 purity, and offer contracts on silver of various weights. In general, silver is priced and sold in base units of 1 kg.

    Silver Rates in Delhi

    Here’s a look at the silver rates in Delhi since the start of 2015.

    Price for silver per kg at the start of this year was Rs.36,088. Prices continued to rise over the next few weeks and peaked at Rs.40,508 on 21st January. Prices stayed above Rs.37,000 level through most of February, before falling to Rs.36,142 on 23rd February. Prices declined again over the course of March and bottomed out on 18th March at Rs.35,216. This was followed by a mini rally that brought prices up to Rs.39,066 on 27th March. Prices stayed around Rs.37,000 level over the month of April, before reaching a peak of Rs.43,336 on 18th May. Price per kg of silver on 16th June was Rs.39,746.

    Also Check Silver Price in NearBy Cities of Delhi

    Silver Rate in Chandigarh Silver Rate in Indore Silver Rate in Jaipur
    Silver Rate in Pune Silver Rate in Ahmedabad Silver Rate in Nagpur
    Also Know: Gold Rate in Delhi

    Read more on Silver

    News About Silver Rate in Delhi

    • Silver rates drop by Rs.98 per kg

      On Monday, silver rates in New Delhi were recorded lower than expected with the industrial trading at Rs.39,139 per kg owing to a decline silver futures as industries and coin makers halted purchases due to the day off in world markets. According to Multi Commodity Exchange (MCE), silver futures for March was priced at Rs.39,139 per kg - Rs.98 or 0.25% lower - in a 170 lots business turnover.

      1st January 2018

    • Slight rise in Silver price on Wednesday

      The increased purchase of gold in the domestic market helped the yellow metal rebound its price in both global and domestic markets.

      The price of silver also seen a rise with one kg metal traded at Rs. 40,860 on Wednesday, a Rs. 345 increase from the previous day.

      Price of standard gold rose by Rs. 195 and reached Rs. 30,065 per 10 grams, with pure gold also witnessing a similar margin at Rs 30,215 per 10 grams.

      15 September 2017

    • Silver Futures Rates In New Delhi Rise Due To High Overseas Demand

      Silver rates in New Delhi rose as demand for the white metal firmed overseas, with futures rising to Rs.39,880 per kg.

      Silver futures for December delivery rose by Rs.407 to trade at Rs.39,880 per kg in early trading on the Commodity Exchange for 54 lots. The 1.03% rise in price was a result of a firm global trend as the U.S. dollar fell against the basket of global currencies. The Fed’s decision to keep interest rates as they are was a major reason behind the increase in futures trade Silver futures for September 2017 also rose to Rs.39,358 per kg in 492 lots, rising by 1.02%.

      17 August 2017

    • Silver Prices In Delhi Fall On Weak Demand

      Silver prices in Delhi were on the decline today, 7th August, 2017 due to weak demand from markets. Silver price dropped by Rs.62 to trade at Rs.37,200 per kg for September delivery on the commodity exchange.

      Weak demand was cited as the reason behind the decline, with futures for December 2017 delivery also dropping to Rs.37,790 per kg, a loss of 0.15%.

      International silver prices were also poor, with the white metal trading at $16.23 per ounce in Singapore due to a strong recovery by the U.S dollar.

      7 August 2017

    • Silver Futures Rise To Rs.38,488 Per Kilo in Delhi

      The price of silver rose to Rs.38,488 per kg on 27th July, 2017 as higher global trend led to an increase in demand.

      The white metal rose by Rs.397 per kg in a single day of trading in Delhi for September 2017 delivery for 1,330 lots.

      With the U.S. dollar falling after the U.S. Federal Reserve’s position on slowing down monetary tightening, demand for bullion increased.

      31 July 2017

    • Silver Futures Fall On Weak Demand

      Silver futures fell to Rs.41,954 per kg due to a reduction in speculator bets on 31st march, 2017. The price fell by Rs.193 per kg for delivery in May at the Multi Commodity Exchange on 31st March, 2017.

      Delivery for July 2017 also fell by Rs.159 per kg to trade at Rs.42,420 per kg in a turnover of 6 lots.

      Profit-booking at current rates and a weak overseas trend were cited as the main reasons for the drop in price.

      Silver prices on the international markets were also low due to reduced offtake.

      31 March 2017

    • MCX outlook for gold and silver “sideways to bullish”

      The current outlook (intraday) for Gold futures trading at the MCX (Multi Commodity Exchange) in India seems sideways to bullish, intraday support of 28200 has been noted for MCX gold with an April delivery date. Intraday resistance, however, is expected around the range of 29600. Silver, too, shows signs of moving the same way as gold in the MCX. MCX Silver for delivery in March has intraday support of 37000, and resistance has been expected at 37620.

      Concerns about the global economy and eventual financial volatility are holding the US Federal Reserve away from hiking US interest rates, encouraging support for the yellow metal which held steady at $1,230 (ounce) on Friday.

      19 Febuary 2016

    • With weak global trends, gold futures dip 0.8%

      With the global markets in a disarray and demand also being muted, gold futures have taken a dip by 0.8%. The price of gold being on the rise and the dollar also dropping, the precious metal are proved to be a safe-haven, forcing the future to drop. Even silver prices fell by another Rs. 278 amounting to Rs. 36,810 for a kilogram in futures trade today. The prices then picked up with the industrial units offtake, by Rs. 305 taking the price of silver to Rs. 37,515 per kilogram.

      16 Febuary 2016

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