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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 September 2018 (rates per gram)
|Parameters||Silver price (per kg)|
|September 1 Rate||Rs.40,000 per kg|
|September 30 Rate||Rs.41,200 per kg|
|Highest Rate in September||Rs.41,200 per kg on 29 and 30 September|
|Lowest Rate in September||Rs.39,500 per kg on 5, 7, 15-16 September|
|Overall Monthly Performance||Incline|
Trend of Silver Rate in Delhi for August 2018 (rates per gram)
|Parameters||Silver price (per kg)|
|August 1 Rate||Rs.41,400 per kg|
|August 31 Rate||Rs.40,300 per kg|
|Highest Rate in August||Rs.41,400 per kg on 1 and 9 August|
|Lowest Rate in August||Rs.39,800 per kg on 24 August|
|Overall Monthly Performance||Decline|
August 2018 - Week 1 (1 - 05):
- Silver opened at Rs.41,400 per kg on 1 August 2018 in Delhi. This is also the highest recorded silver rate in Delhi for the month of August.
- As the demand for the metal from local coin makers and jewellers fell, the price of silver fell by Rs.300 on 2 August and traded at Rs.41,100 per kg.
- After remaining stable for one day, silver prices rose by Rs.200 per kg as the demand picked up on 4 August.
- Silver closed at Rs.41,300 per kg on 5 August.
August 2018 - Week 2 (6 - 12):
- As the industrial offtake of silver was on the decline, silver prices also declined in the second week of August.
- When trading commenced, silver opened at Rs.41,300 per kg on 6 August.
- Meanwhile, positive report on the U.S economy strengthened the US dollar which caused silver prices in Delhi to decline on 7 August. On this day, silver traded at Rs.41,200 per kg.
- A small hike in silver prices was noted on 9 August when the metal traded at Rs.41,400 per kg. On this day, silver recorded the highest silver rate in Delhi for the month of August yet again.
- As the demand for the metal fell sharply, silver prices quickly fell on 10 August and traded at Rs.41,100 per kg. Throughout the week, demand for the metal played a huge role in determining silver prices in Delhi.
- A small hike in silver prices was noted on the last two days of the week when the metal traded at Rs.41,200 per kg.
August 2018 - Week 3 (13 - 19):
- Silver continued to trade at Rs.41,200 per kg when the week started on 13 August.
- A sharp fall in silver prices was noted on 14 August when the price of the metal fell significantly and traded at Rs.40,900.
- As the US unemployment data was released, it looked positive for the US economy. Therefore, the value of the US dollar increased which negatively affected silver prices in Delhi.
- Though silver prices in Delhi increased and traded at Rs.41,100 per kg on 15 August, it quickly fell to Rs.39,900 per kg on 16 August due to weak overseas trends and muted domestic demand.
- Silver traded at Rs.40,000 per kg from 17 to 19 August.
August 2018 - Week 4 (20 - 26):
- The fourth week began with silver trading at Rs.40,000 per kg.
- After remaining steady for one day, silver prices in Delhi increased by Rs.100 per kg and traded at Rs.40,100 on 22 August.
- However, as the value of the US dollar increased further, silver prices in Delhi fell drastically and traded at Rs.39,900 on 23 August.
- As the local demand for the metal also fell, the lowest silver rate for the month of August in Delhi was recorded on 24 August when the metal traded at Rs.39,800 per kg.
- Silver prices managed to pick up during the last few days of the week and closed at Rs.40,200 per kg on 26 August.
August 2018 - Week 5 (27 - 31):
- Silver continued to trade at Rs.40,200 per kg due to steady industrial demand for the metal in Delhi.
- As the demand for the metal picked up on 28 August, silver was sold at Rs.40,400 per kg.
- As the value of the US dollar started recovering, silver prices fell marginally during the last two days of the month and closed at Rs.40,300 per kg.
- Overall, the silver prices in Delhi fell by 2.65% in the month of August.
Trend of Silver Rate in Delhi for July 2018 (rates per kg)
|Parameters||Silver price (per kg)|
|July 1 Rate||Rs.42,800 per kg|
|July 31 Rate||Rs.41,400 per kg|
|Highest Rate in July||Rs.42,900 per kg from 9 - 10 July|
|Lowest Rate in July||Rs.41,200 per kg from 28 - 29 July|
|Overall Monthly Performance||Decrease|
July 2018- Week 1 (1-10)
- Due to the high demand for the metal, the price of silver in Delhi in the start of July 2018 commenced at Rs.42,800 per kg.
- Silver prices in the city then slightly dipped on 3 July. This can be associated with the drop in demand in industrial units. The price of the metal plummeted by a few points to Rs.42,400 per kg. The value of the dollar dropped as well during this time period.
- The price of the metal in the city then rose to Rs.42,800 per kg and stagnated for the next few days. The variation in local industrial offtake could have been the cause for the increment in silver prices.
- At the end of week 1 in July, on 9 - 10 July, silver rates in the city increased to Rs.42,900 per kg. This could be because of positive market trends clubbed with declining dollar rates over other currencies.
July 2018- Week 2 (11-17)
- The decline in demand for silver in Delhi caused the price of the metal to decline as well. The silver price in Delhi for the second week of July declined when compared to the latter part of week 1. The price of the metal during this time stood at Rs.42,600 per kg.
- Industrial demand for the metal dipped further which in turn decreased the silver price in Delhi. The price from 12 - 14 July stood at roughly Rs.42,200 per kg.
- Due to stable industrial demand, silver prices continued to be relatively stable. The silver rate in Delhi on 16 July stood at Rs.42,300 per kg.
- Due to the decline in dollar value over other currencies, the price of silver in Delhi then increased towards the end of the week and stood at Rs.42,100 per kg on 17 July.
July 2018- Week 3 (18 - 24)
- The price of silver in the third week of July declined when compared to the previous week of July. The price of the metal on 18 July stood at Rs.41,700 per kg. This can be associated with decreased industrial demand for silver during the same time.
- The value of the dollar in comparison with other currencies then rose on 20 July causing the silver price in Delhi to drop further. The metal was valued at Rs.41,300 per kg on 20 July.
- Demand for the metal increased in the following few days which led to the increment in the silver rate. The price of silver in Delhi on 21 - 22 July stood at Rs.41,700 per kg.
- The price of the metal declined towards the end of the week in Delhi as it stood at Rs.41,400 per kg on 24 July.
July 2018- Week 4 (25 - 31)
- Steady industrial demand for the metal caused the price of silver to drop to Rs.41,500 per kg on 25 July.
- Due to the decline of dollar value, silver prices spiked on 26 July to Rs.41,800 per kg. However, demand for the metal dropped which naturally caused the decline in silver prices over the next few days.
- As on 28 - 29 July, the price of silver stood at Rs.41,200 per kg.
- By the end of the month, the price of silver decreased as dollar rates dropped slightly. The metal stood at Rs.41,400 on 30 - 31 July.
Trend of Silver Rate in Delhi for June 2018 (rates per kg)
|Parameters||Silver price (per kg)|
|June 1 Rate||Rs.42,800 per kg|
|June 30 Rate||Rs.42,800 per kg|
|Highest Rate in June||Rs.45,000 per kg on 15 June|
|Lowest Rate in June||Rs.42,600 per kg from 2 to 5 June|
|Overall Monthly Performance||Steady|
June 2018 - Week 1 (1 - 10):
- The week commenced with silver rate in Delhi opening at Rs.42,800 per kg on the 1st before plummeting to a monthly low of Rs.42,600 per kg the next day after the US dollar gained against a basket of other major emerging currencies amid the rising equities.
- Poor demand coupled with weak global cues led to silver prices remaining untouched at Rs.42,600 per kg until the 5th.
- However, with investors banking on the bullion amid market speculations ahead of the G7 summit, demand for the metal surged over the next few days.
- Silver was recorded trading at Rs.43,700 per kg on the 10th as the week came to an end with strong investor demand coupled positive trend overseas.
June 2018 - Week 2 (11 - 17):
- Trading began for the week with the industrial metal priced at Rs.42,900 per kg on the 11th with domestic markets capitalising on the weakened US dollar and equities.
- Demand for safe-haven assets rose considerably as the greenback and stocks tumbled after the US Fed Reserve decided to leave its benchmark interest rates unaltered in the monetary policy meeting during the week.
- Silver price in Delhi surged to Rs.45,000 per kg - the highest recorded monthly figure - on the 15th amid the strong market trend overseas.
- However, with the dollar recovering over the next couple of days, demand for the metal stabilised and silver was recorded trading at Rs.44,300 per kg on the 17th.
June 2018 - Week 3 (18 - 24):
- The third week began with silver priced at Rs.43,400 per kg on the 19th after a surge in the dollar value led to domestic rates dropping by Rs.900 from the previous session.
- Strong US dollar performances coupled with good returns on equities and stocks led to silver rate in Delhi dropping to Rs.43,100 per kg on the 20th.
- Poor demand coupled with weak market trends led to silver prices finishing at Rs.42,900 per kg on the last day of the week.
June 2018 - Week 4 (25 - 30):
- Silver was recorded trading at Rs.43,200 per kg on the 25th when the week began amid positive overseas trends brought about by a slight decline in the dollar value.
- However, with domestic demand held in check by the recovering US dollar index, prices dropped towards the end of the week.
- The week concluded with todays silver rate in Delhi holding at Rs.42,800 per kg with steady local demand from industries and coin makers.
Trend of Silver Rate in Delhi for May 2018 (rates per kg of silver)
|Parameters||Silver price (per kg)|
|May 1 Rate||Rs.42,000 per kg|
|May 31 Rate||Rs.43,100 per kg|
|Highest Rate in May||Rs.43,800 per kg on 25 May|
|Lowest Rate in May||Rs.42,000 per kg on 1 May|
|Overall Monthly Performance||Incline|
May 2018 - Week 1 (1 - 6):
- Trading commenced for the month with the industrial metal priced at Rs.42,000 per kg on the 1st. This was also the lowest recorded monthly figure in Delhi.
- An increase in demand from market participants amid the deteriorating US-North Korean relations led to silver rates rising to Rs.42,600 per kg on the 3rd.
- Steady demand from industries and coin makers brought about by the positive trend overseas led to silver prices remaining untouched at Rs.42,600 per kg for the rest of the week.
May 2018 - Week 2 (7 - 13):
- The second week opened with silver rates holding at Rs.43,200 per kg on the 7th with strong demand from investors amid the rising trade war concerns.
- Rates dropped to Rs.43,000 per kg on the 8th with the dollar regaining lost ground against other emerging currencies at the international level.
- Demand, however, picked up as the week progressed with tensions rising between North Korea and the United States during the week.
- Firm trend overseas coupled with strong demand from industrial units and coin makers led to silver rates rising to Rs.43,300 per kg on the 10th which surged further to Rs.43,500 per kg on the 11th.
- Trading concluded for the week with the white metal trading firm at Rs.43,500 per kg on the 13th with steady domestic demand amid the firm trend overseas.
May 2018 - Week 3 (14 - 20):
- Trading opened for the week with the industrial metal prices relatively higher at Rs.43,600 per kg on the 14th with bullion markets tracking a positive trend overseas.
- However, the next few days saw silver prices affected by the recovering dollar due to which investor demand plunged.
- Poor global cues coupled with weak domestic demand led to silver rates dropping to Rs.43,300 per kg and Rs.43,000 per kg on the 15th and the 16th respectively.
- Though silver prices recovered to Rs.43,200 per kg the next day, an increase in the dollar value coupled with good returns on equities led to rates plunging to Rs.43,000 per kg on the 18th.
- The week came to an end with the white metal priced at Rs.43,100 per kg on the 20th with subdued demand from local industries and coin makers.
May 2018 - Week 4 (21 - 27):
- The fourth week began with silver trading at Rs.43,100 per kg on the 21st amid the firm trend overseas.
- Thanks to an increase in safe-haven demand during the week, silver rates rose to Rs.43,500 per kg on the 23rd.
- The 24th saw prices dropping to Rs.43,300 per kg before surging to Rs.43,800 per kg - the highest recorded monthly figure - on the 25th with strong demand from industries and coin makers.
- The week ended with the industrial metal trading at Rs.43,600 per kg on the 27th after demand subdued amid the rising dollar and equities.
May 2018 - Week 5 (28 - 31):
- The final week began with silver trading at Rs.43,000 per kg on the 28th with domestic demand held in check by the strong US dollar and equities.
- Poor global trends coupled with reduced investor demand led to silver prices in Delhi holding at Rs.42,900 per kg on the 30th.
- The month came to an end with silver priced at Rs.43,100 per kg on the last day of trading amid positive trend overseas.
- Delhi registered a profit of 2.61% in silver trade during the course of the month.
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|
April 2018 - Week 1 (1 - 7):
- Silver was priced at Rs.41,400 per kg when trading started for the month of April in Ahmedabad.
- This happened due to considerable fluctuations in the US dollar brought about by a weak stock market.
- As demand increased, silver rates went up to Rs.41,600 per kg on the 3rd of the month before sliding to Rs.41,300 per kg on the 4th owing to an improved dollar.
- Cues remained weak for the week, and silver prices seemed to fluctuate even more. They went down to Rs.41,000 per kg on the 5th before stabilising to end at R.41,200 per kg on the 7th.
- At the time of closing for the week, the white metal was priced at Rs.41,200 per kg.
April 2018 - Week 2 (8 - 15):
- Silver rates were holding at Rs.41,200 per kg when the second week of April opened for trading.
- The US markets plummeted, and with it the US dollar, as demand surged in both local and international markets.
- The prime reason for this was the suspected chemical attack in Syria, which caused precious metal demand to rise.
- By the 11th, silver rates in Ahmedabad had risen to Rs.41,700 per kg, as an increased demand from local investors also surged.
- Demand continued to hold steady due to which rates went up to Rs.42,000 per kg on the 12th before dropping to Rs.41,600 per kg on the 13th as a gaining US dollar curbed any further advances in bullion prices.
- A rise in prices were recorded on the 14th after US strikes on Syria caused silver demand to rise. Over the 14th and 15th of the month, silver traded at RS.41,900 per kg.
April 2018 - Week 3 (16 - 22):
- Change in overnight cues helped silver rates to open at Rs.42,100 per kg - a Rs.200 increase from the previous week’s closing price.
- Prices surged consistently over the next few days as a number of conflicts relating to the US helped safe haven assets to gain considerably.
- The 19th saw silver trade at RS.43,700 per kg -a strong rise of over Rs.1000 per kg before another rise was recorded on the 20th.
- During the 20th and the 22nd - the final day of the week, silver traded at Rs.43,800 per kg - the
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|
March 2018 - Week 1 (1 - 4):
- Silver trading began in Delhi with the white metal priced at Rs.41,100 per kg on the 1st with steady domestic demand amid positive overseas trends
- The week saw silver rates surging considerably with the weakening US dollar and equities pushing demand higher for the industrial metal.
- The 2nd saw prices rising to Rs.41,400 per kg which surged further to Rs.41,600 per kg the following day with strong markets trends pushing demand higher at the domestic level.
- The week came to an end with silver rates holding at Rs.41,600 per kg on the 4th with steady demand from local industries and coin manufacturers.
March 2018 - Week 2 (5 - 11):
- Trading opened for the week with the industrial metal priced at Rs.41,700 per kg on the 5th with silver capitalising on its gains from the previous session.
- However, with the US dollar rising against a basket of emerging currencies, demand for the metal plunged. This led to silver being priced at Rs.41,400 per kg on the 6th.
- Rates rose to Rs.41,900 per kg the next day following an increase in industrial offtake at the domestic level.
- Prices dropped to Rs.41,500 per kg on the 8th before plummeting to Rs.41,300 per kg on the 9th on account of subdued demand from local industrial units and coin manufacturers.
- Trading concluded for the week with silver rates in Delhi holding at Rs.41,600 per kg on the 11th following an increase ind industrial demand.
March 2018 - Week 3 (12 - 18):
- The week commenced with silver trading at Rs.41,600 per kg on the 12th on account of steady demand from industries and coin manufacturers amid firm overseas trends.
- Rates dropped to Rs.41,400 per kg on the 13th before rebounding to Rs.41,700 per kg the next day amid market uncertainties following the firing of Rex Tillerson, the US Secretary of State by the White House.
- Prices plunged to Rs.41,500 per kg on the 15th with investors banking on the well-performing equities amid the rising US dollar.
- Poor trends overseas coupled with reduced demand for the metal led to silver rates dropping further to Rs.41,300 per kg the next day.
- The week came to an end with the white metal’s prices holding at Rs.41,100 per kg on the 18th amid the weak trend overseas.
March 2018 - Week 4 (19 - 25):
- Silver prices in Delhi were recorded holding at Rs.41,000 per kg - the lowest monthly figure - on the 19th with the strengthening US dollar suppressing domestic demand for the industrial metal.
- Though rates recovered to Rs.41,200 per kg the next day, the well-performing equities coupled with steady dollar performances resulted in prices dropping to Rs.41,000 per kg on the 21st.
- The dollar, however, lost ground over the next few days with market participants speculating ahead of the US Federal Reserve monetary policy meeting. This led to silver being priced at Rs.41,500 per kg and Rs.41,600 per kg on the 22nd and the 23rd respectively.
- Thanks to steady demand from industrial units and coin makers amid the firm overseas trends, silver rates remained untouched at Rs.41,600 per kg for the rest of the week.
March 2018 - Week 5 (26 - 31):
- When trading commenced for the final week, silver was priced at Rs.41,600 per kg on the 26th on account of steady domestic demand amid positive global cues.
- The next day saw silver rates surging to Rs.41,800 per kg with tensions rising between Russia and the US pushing demand higher for safe-haven assets such as silver and gold.
- However, with the US dollar gaining against a basket of other emerging currencies amid recovering equities, silver rates in Delhi plunged to Rs.41,500 per kg on the 28th.
- Poor trends overseas compounded with declining industrial demand for the metal led to silver rates closing at Rs.41,400 per kg on the 31st.
- Delhi recorded a profit of 0.72% in silver trade due to the rising geopolitical tensions and positive market trends that pushed dem
Trend of Silver Rate in Delhi for February 2018 (rates per kg)
|Parameters||Silver price (per kg)|
|February 1 Rate||Rs.42,600 per kg|
|February 28 Rate||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 kg on 10 and 11 February|
|Overall Monthly Performance||Decline|
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)|
|January 1 Rate||Rs.38,925 per kg|
|January 31 Rate||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|
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 New Delhi for February 2017 (rates per kg)
|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|
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%.
Trend of Silver Rate in Delhi for January 2017 (rates per kg)
|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|
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%.
|December 1st Rate||Rs.40,450 per kg|
|December 31st Rate||Rs.39,035 per kg|
|Highest Rate in December||Rs.41,630 per kg on 8th December|
|Lowest Rate in December||Rs.38,700 per kg on 23rd December|
December '16 - Week 1 (1st to 4th)
- The price of silver in Delhi was Rs.40,450 per kg on 1st December, as stable industrial demand kept prices high in spite of weak retail demand.
- Prices rose to Rs.40,795 per kg on 2nd December as international markets also registered an increase in demand for silver.
- The week ended with silver trading at Rs.41,070 per kg on 4th December, as steady demand from both international and domestic markets kept prices high.
December '16 - Week 2 (5th to 11th)
- Prices rose as demand continued to be steady, with silver trading at Rs.41,055 per kg on 5th December.
- Prices rose to Rs.41,630 per kg on 8th December, the highest rate in December as market fluctuations led to higher demand for the metal.
- Low retail demand due to the ongoing currency shortage following demonetisation led to prices dropping marginally.
- Siler ended the week trading at Rs.41,345 per kg on 11th December in spite of international demand being high.
December '16 - Week 3 (12th to 18th)
- Silver fell as the week progressed due to lower than expected demand from the industrial sector.
- Signs of an apparent slowdown in Asian markets led to markets falling, which kept silver demand high at Rs.41,345 per kg on 12th December.
- Demand fell during the week as markets recovered, with silver falling to Rs.40,605 per kg on 15th December.
- Poor domestic demand kept prices low, resulting in silver trading at Rs.39,305 per kg on 18th December.
December '16 – Week 4 (19th to 25th)
- Prices continued to drop as stock markets enjoyed a good run, as demand for silver fell sharply.
- Silver was priced at Rs.39,435 per kg on 19th December, with the price falling to Rs.38,815 per kg on 22nd December.
- The U.S. Dollar made gains during the festive season as festive buying kept the currency afloat.
- Silver fell to a record monthly low of Rs.38,700 per kg on 23rd December as domestic demand also dropped.
- Prices recovered marginally to close the week at Rs.39,725 per kg on 25th December.
December '16 – Week 5 (26th to 31st)
- Silver prices fluctuated in the last week of December as consumer sentiment was mixed.
- Silver traded at Rs.39,460 per kg on 26th December, with prices rising as markets dropped on fears of an economic slowdown in Asia.
- An increase in retail demand also boosted silver prices, with the metal trading at Rs.39,680 per kg on 30th December.
- The price dropped sharply as the year ended, with silver trading at Rs.39,035 per kg on 31st December, to record an overall decrease of 3.49% in value.
|November 1st Rate||Rs.42,910 per kilogram|
|November 30th Rate||Rs.41,055 per kilogram|
|Highest Rate in November||Rs.44,960 per kilogram on 9th of November|
|Lowest Rate in November||Rs.40,190 per kilogram on the 25th of November|
November '16 - Week 1 (1st to 6th):
- The month of November witnessed massive fluctuations with regards to silver prices and demonetization played a major part in it.
- At the beginning of the month on the 1st, silver traded at Rs.42,910 per kilogram.
- On 2nd, prices increased significantly as silver traded at Rs.44,385 per kilogram.
- The 3rd and 4th of November as well saw some fluctuations as silver traded at Rs.44,645 and 43,855 per kilogram respectively.
- Prices,however, stabilised during the last two days of the week as prices reduced and silver began to trade at Rs.44,180 per kilogram.
November '16 - Week 1 (7th to 13th):
- At the start of the second week on the 7th, silver prices fell slightly as the metal traded at Rs.43,685 per kilogram.
- On the 8th, prices increased slightly by Rs.170 to hit Rs.43,855 per kilogram.
- The 9th of the month saw the highest pricing for silver as the metal traded at Rs.44,960 per kilogram.
- The rapid surge and downfall in demand was primarily due to the demonetization scheme introduced by the Narendra Modi-led government.
- End of the week on 13th, however, prices fell significantly to close at Rs.42,005 per kilogram.
November '16 - Week 3 (14th to 20th)
- During the third week beginning on the 14th, silver traded at Rs.41,760 per kilogram.
- However, as demonetization of Rs.500 and Rs.1,000 intensified, prices began to fall for the rest of the week.
- Prices fell massively throughout the week as government introduced stricter steps for jewellery buyers to follow.
- Due to PM Modi’s strike on black money, silver prices ended at just Rs.40,735 per kilogram.
November '16 - Week 4 and 5 (21st to 30th)
- Silver traded at Rs.40,890 per kilogram on 21st November.
- Prices seemed to fluctuate this week as the nation faced a massive cash crunch.
- The lowest trading price of Rs.40,190 per kilogram was seen during the 25th.
- Rates of silver increased towards the end of the week as demand picked up.
- Silver traded at Rs.41,055 per kilogram at the time of closing on 30th November.
- Overall, Delhi witnessed silver prices go down by about -4.32% for the entirety of November.
|1st Day||Rs.45,900 per kilogram|
|Last Day||Rs.43,035 per kilogram|
|Highest Price||Rs.45,900 per kilogram on 1st and 2nd October|
|Lowest Price||Rs.41,685 per kilogram on 7th October|
October 2016 – Week 1 and 2 (1st to 9th)
- Silver traded at Rs.45,900 per kilogram at the start of the week.
- Prices of silver declined this week as the market overseas was bearish.
- By 9th October, silver was trading at Rs.41,800 per kilogram.
- The drastic drop could be attributed to rising expectations of the interest rate hike by the U.S. Federal Reserve.
- Retailers and jewellers anticipated demand picking up during the festive season.
October 2016 – Week 3 (10th to 16th)
- Silver traded at Rs.42,600 per kilogram on 10th October, a slight improvement from last week’s fall.
- The boost in silver rates was short lived as prices started to fall again.
- Coin makers and industrialists reduced their offtake.
- By the end of the week, silver was trading at Rs.41,780 per kilogram.
- Low demand was a result of a gloomy global market in which investors were reluctant.
October 2016 – Week 4 (17th to 23rd)
- On 17th October, silver prices were down as expectations of the Fed rate hike increased.
- Demand slowly picked up through the week as market trends turned positive.
- On 22nd and 23rd October, silver was trading at Rs.42,130 per kilogram.
- The boost in demand could be attributed to the wedding season in the domestic market.
October 2016 – Week 5 (24th to 31st)
- This week, silver traded in the range of Rs.42,000 to Rs.43,000 per kilogram.
- There wasn’t an increase in demand as expected but silver managed to trade at a steady pace.
- On 24th October, the price of silver was Rs.42,330 per kilogram.
- Silver prices climbed on account of increased offtake by coin makers and industrial units.
- The highest price for the metal this week was achieved on 31st October with silver trading at Rs.43,035 per kilogram.
- Demand is expected to grow in the domestic market with the wedding season blossoming.
|1st Day||Rs.45,225 per kilogram|
|Last Day||Rs.45,750 per kilogram|
|Highest Price||Rs.47,820 per kilogram on 7th September|
|Lowest Price||Rs.45,225 per kilogram on 1st September|
September '16 - Week 1 (1st to 4th)
- Silver opened at Rs.45,225 per kilogram.
- Due to constant demand from the domestic market, silver prices increased slightly by Rs.435 per kilogram and traded at Rs.45,610 per kilogram on the second day of the week.
- Silver further rose and closed at Rs.46,760 per kilogram on 04th of September.
September '16 - Week 2 (5th to 11th)
- There was a slight decrease in prices on 06th of September when silver traded at Rs.46,695 per kilogram.
- However, investors put aside Fed rate hike speculations and increased their sliver intake which increased silver prices in the capital city on 07th of September when silver traded at Rs.47,820 per kilogram which is also the highest silver rate recorded in the month.
- Silver prices managed to reduce gradually throughout the second half of the week due to poor demand from the local spot markets.
- Silver closed at Rs.46,835 per kilogram on 11th of September.
September '16 - Week 3 (12th to 18th)
- Silver prices dropped and traded at Rs.45,715 per kilogram on 12th September.
- Despite poor trend aboard, silver prices managed to avoid major fluctuations as demand from local market poured in.
- Silver traded at Rs.45,825 per kilogram on 15th September which is the highest silver rate recorded for this week.
- Silver prices closed at Rs.45,320 per kilogram which is also the lowest rate at which silver traded this week.
September '16 - Week 4 (19th to 25th)
- Silver prices increased on the first day of the week when it traded at Rs.46,110 per kilogram.
- As demand from jewellers and coin makers increased, silver prices rose and traded at Rs.47,590 per kilogram on 22nd September.
- Silver rates drifted slightly to Rs.47,535 per kilogram on 23rd September and settled at the same price till the end of the week.
September '16 - Week 5 (26th to 30th)
- Silver prices further drifted to Rs.46,950 per kilogram on 26th September.
- As Fed rate hike speculation began again, silver prices fell and traded at Rs.46,505 per kilogram on 27th September.
- Silver prices drifted and closed at Rs.45,750 per kilogram.
|Highest Price||Rs.49,670 per kilogram on 3rd August|
|Lowest Price||Rs.44,805 per kilogram on 29th August|
August '16 – Weeks 1 (1st to 7th)
- Silver traded high at Rs.49,430 on 1st August.
- The month started strong on account of a weak dollar.
- Prices fluctuated through the week as there were fluctuations in the equity market as well.
- Silver hit the highest rate for the month of August on 3rd August at Rs.49,670 per kilogram.
- Prices dropped to Rs.47,255 per kilogram by the end of the week.
August '16 – Week 2 (8th to 14th)
- Initially, prices rose slightly to Rs.47,460 per kilogram on 8th August.
- An increase in domestic demand led to silver trading at Rs.48,595 per kilogram, the highest for the week, on 10th August.
- Silver rates slipped but maintained a stable rate of Rs.47,750 per kilogram by the end of the week.
August '16 – Week 3 (15th to 21st)
- Silver prices declined through the week due to a strong dollar coupled with a reduced offtake by industrialists.
- Silver traded at Rs.47,750 per kilogram on 15th August.
- Silver rates soon slipped to Rs.46,690 per kilogram by the end of the week as expectations of a Fed rate hike grew strong.
August '16 – Week 4 (22nd to 28th)
- The declining trend continued into the fourth week of August as the U.S. economic data was strong.
- Silver traded at Rs.45,800 per kilogram on 22nd August.
- Silver received some support in the domestic market from industrialists, jewellers and coin makers.
- Prices fell to Rs.45,040 per kilogram by the end of the week.
August '16 - Week 5 (29th to 31st)
- On 29th August, the lowest rate for silver was recorded for the month at Rs.44,805 per kilogram.
- The steep fall can be attributed to the growing speculations of an interest rate hike by the U.S. Federal Reserve.
- Demand in the domestic market was down and silver closed the month at Rs.45,460 per kilogram.
|July 1st Rate||Rs.46,490 per 1 kg|
|July 31st Rate||Rs.48,970 per 1 kg|
|Highest Rate in July||Rs.49,745 per 1 kg on 11th of July|
|Lowest Rate in July||Rs.46,490 per 1 kg on July 1st|
July'16 - Week 1 and 2 (1st to 10th)
- Silver traded at Rs.46,490 per 1 kg on the 1st of July.
- The price of silver rose to Rs.48,965 per kg on the 4th of July.
- Silver hit a whooping Rs.49,265 per kg on the 7th of July.
- Silver closed at Rs.49,745 per kg on the 10th of July.
July'16 - Week 3 (11th to 17th)
- Silver traded at Rs.49,745 per kg the 11th of July.
- The price steadily climbed up to Rs.49,235 per kg on the 12th of July.
- Silver witnessed a decline as prices dropped down to Rs.48.840 per kg on the 16th of July and remained the same on the 17th.
July '16 - Week 4 (18th to 24th)
- Silver opened the week at Rs.48,360 per kg on 18th of July.
- Prices dropped down to to Rs.46,665 per kg on the 21st of July.
- Silver price increased to Rs.47,880 per kg on the 22nd of July.
- The precious metal closed the week at 47,420 per kg on the 24th of July.
July‘16 - Week 5 (25th to 31st)
- Silver traded at Rs.47,595 per kg on the 26th of July.
- The price of silver dropped down by Rs.220 on the 27th of July at Rs. 47,375 per kg.
- Silver hit Rs.48,785 per kg on the 29th of July.
- Silver closed the month at Rs.48,970 per kg on the 31st of July.
|June 1st Rate||Rs. 38,640 per 1 kg|
|June 30th Rate||Rs. 44,635 per 1 kg|
|Highest Rate in June||Rs. 44,635 per 1 kg for 1 kg for 30th June|
|Lowest Rate in June||Rs. 44,635 per 1 kg on June 1st|
Jun'16 - Week 1 (1st to 4th)
- Silver trade at Rs. 38, 640 per 1 kg on the 1st of June.
- Silver price rose by Rs.185 per kg on the 2nd of June at Rs. 38,825 per kg.
- Silver traded at Rs.39,755 per kg on the 4th of June.
Jun'16 - Week 2 (5th to 11th)
- There was no change in Silver prices on 5th as it traded at Rs. 39,755 per kg.
- The price of silver came down by Rs.65 from Rs. 39,755 per kg to Rs. 39,690 per kg on the 6th of June.
- Silver witnessed a further decline as prices dropped down to Rs. 39,585 per kg on the 8th of June.
- Prices steadily increased over the week and silver traded at Rs.41,510 per kg on the 11th of June.
Jun'16 - Week 3 (12th to 18th)
- Silver traded at Rs.41,510 per kg with no change in the price on 12th of June.
- The price steadily climbed up to Rs.41,935 per kg on the 14th of June.
- Silver hit the highest for the week on the 16th of June at Rs.42,985 per kg.
- Silver closed the third week of June at Rs.42,235 per kg on the 18th of June.
Jun'16 - Week 4 (19th to 25th)
- Silver opened the week at Rs.42,235 per kg on 19th of June.
- Prices shot up to Rs.42,405 per kg on the 21st of June.
- Silver price dropped down to Rs.42,020 per kg on the 22nd of June.
Jun'16 - Week 5 (26th to 30th)
- Silver traded at Rs.43,465 per kg on the 26th of June.
- The price of silver dropped down by Rs.55 on the 27th of June at Rs. 43,410 per kg.
- Silver hit Rs.43,980 per kg on the 29th of June.
- Silver closed the month at Rs.44,635 per kg on the 30th of June.
|1st May rate||Rs. 42,590|
|31st May rate||Rs. 39,065|
|Highest rate in May||Rs. 42,675 on 2nd May|
|Lowest rate in May||Rs. 38,795 on 30th May|
May '16 - Weeks 1 and 2 (1st to 8th)
- Silver prices started off the month strong, trading at Rs. 42,590 per kg on the 1st and at Rs. 41,875 on the 8th of May.
- Strong demand from international markets pushed prices up by Rs. 85 on the 2nd of May, but prices dropped again on the 3rd as demand evened out.
- The weak Dollar and unstable financial markets contributed to silver demand staying stable, with a few minor fluctuations.
- Prices fell on the 6th of May by Rs. 240 on bullish demand but stabilised over the rest of the week.
- The prices were constant for the rest of the week, trading only slightly lower than the beginning of the month.
May '16 -Week 3 (9th to 15th)
- Silver prices fell at the start of the week and dropped during the rest of the week due to domestic demand being weak.
- Silver traded at Rs. 41,725 on the 9th of May, a fall of Rs. 100 from the previous week due to sluggish demand.
- The prices continued to mid-week, with silver trading at Rs. 40,890 due to lowered demand from industrial units.
- The Dollar weakened slightly, which spurred trading in silver and prices rose by Rs. 530 per kg on 11th of May.
- Prices steadied the rest of the week, trading at Rs. 41,255 per kg on the 15th of May.
May '16 - Week 4 (16th to 22nd)
- The price of silver rose towards the start of the month but dropped again as demand slackened due to speculation regarding the interest rate hike by the U.S. Federal Reserve.
- Silver retailed at Rs. 41,255 on the 16th of May and rose by Rs. 290 per kg on the 17th of May.
- Prices dropped slightly over the rest of the week as the U.S. Dollar grew stronger against other global currencies, making silver cost more.
- Silver ended the week at Rs. 40,135 per kg, a drop of Rs. 1,020 per kg from the start of the week.
May '16 - Weeks 5 and 6 (23rd to 31st)
- Silver prices fell over the course of the week, hitting the lowest price of the month as strong data on the U.S. manufacturing industry boosted the Dollar.
- Silver traded at Rs. 40,060 per kg on the 23rd of May, as the stock markets rallied and the Dollar strengthened.
- The price of silver fell sharply in the next few days as global markets rallied, further bringing down the price of silver.
- Silver traded at Rs. 39,065 per kg on the 31st of May.
|April 1st Rate||Rs.36,780|
|April 30th Rate||Rs.42,590|
|Highest Rate in April||Rs.42,690 on the 29th of April|
|Lowest Rate in April||Rs.36,000 on the 4th of April|
|Overall Performance||Gain / Positive|
Apr'16 - Weeks 1 & 2 (1st to 10th)
- Silver rates were on the decline during the first four days of trading after which they began picking up and remained consistent for the remainder of the ten-day period.
- Prices were recorded at Rs.36,780 on the 1st of the month and Rs.36,620 on the tenth day of the month.
- Prices became stable towards the end of the week thanks mainly to firming international and domestic cues in addition to increase in industrial demand and higher offtake.
Apr ‘16 - Week 3 (11th to 17th)
- Silver rates recorded a steady increase during the third week of the month.
- Prices were recorded at Rs.37,115 on the first day of the week and Rs.39,110 by the end of the seven-day period.
- Prices rose by almost Rs.2000 over the third week of trading, demonstrating a significant increase as domestic and global cues strengthened amidst a rise in industrial demand.
Apr ‘16 - Week 4 (18th to 24th)
- Silver rates fluctuated during the fourth week of April, but increased overall over the course of the week.
- Prices were recorded at Rs.38,920 on the first day of the week and Rs.41,155 on the last.
- The increase in price was more than Rs.2200 during the seven-day period, making the penultimate week of trading record the highest gains this month.
Apr ‘16 - Week 5 (25th to 30th)
- Silver rates increased for most parts of the week, with marginal losses on certain days not causing too much of a disruption in trends.
- Prices were recorded at Rs.40,810 on the first day of the week and Rs.42,590 on the last day of the month.
|1st March rate||Rs.37,005|
|31st March rate||Rs.36,495|
|Highest rate in March||Rs.38,640 on 18th|
|Lowest rate in March||Rs.36,455 on 29th|
Mar'16 - Week 1 (1st to 6th)
- Silver prices were down during the start of March.
- Prices were Rs.37,005 on 1st and Rs.36,640 on 6th.
- Rates were stable from 3rd onwards at Rs.36,640.
Mar'16 - Mar'16 - Week 2 (7th to 13th)
Prices were marginally up in the 2nd week.
- Rates were Rs.37,695 on 7th and Rs.37,710 on 13th.
- There was minimal fluctuations as silver closed the week Rs.15 higher than week starting rates.
Mar'16 - Week 3 (14th to 20th)
- Silver gained Rs.215 in the 3rd week.
- Prices were Rs.37,650 on 14th and Rs.37,865 on 20th.
- Silver appreciated to Rs.38,640 during this week, the highest rate this month.
Mar'16 - Week 4 (21st to 27th)
- There were drop in rates during the 4th week.
- Rates were Rs.37,930 on 21st and Rs.36,685 on 27th.
- Prices rose on 22nd before declining over the rest of the week to end Rs.1,245 lower.
Mar'16 - Week 5 (28th to 31st)
- Silver prices declined in the last week of the month.
- Prices were Rs.36,570 on 28th and Rs.36,495 on 31st.
|1st February rate||Rs.34,970|
|29th February rate||Rs.36,295|
|Highest rate in February||Rs.38,640 on 12th|
|Lowest rate in February||Rs.34,970 on 1st|
Week 1 (1st to 7th)
- Silver prices improved in the first week of February.
- Rates were Rs.34,970 on 1st and Rs.36,925 on 7th.
- Silver was trading positively all through the week, gradually rising to a high of Rs.36,925 by 7th.
Week 2 (8th to 14th)
- Silver was positive again in the second week.
- Rates were Rs.36,950 on 8th and Rs.38,525 on 14th.
- Silver rates declined till 11th before rising substantially on 12th to Rs.38,640 and settling at Rs.38,525 for the week.
Week 3 (15th to 21th)
- Silver rates appreciated by Rs.710 in this week.
- Prices were Rs.37,220 on 15th and Rs.37,930 on 21st.
- Silver mostly traded in the positive for the week except for the odd day when prices fell marginally.
Week 4 (22nd to 29th)
- Silver prices fell for the first time on a weekly basis this month.
- Prices were Rs.37,615 on 22nd and Rs.36,295 on 29th.
- Prices declined gradually all over the week before dropping substantially on 29th to fall to Rs.36,295.
4 th January rate
31 st January rate
Highest rate in January
Rs.35,565 on 28th
Lowest rate in January
Rs.33,295 on 13th
Jan '16 - Week 1 (4 th to 10 th )
Silver gained value in trading sessions in the 1st week of January.
Rates were Rs.33,230 on 4th and Rs.33,865 on 10th.
Silver appreciated to a high of Rs.34,220 on 8th before settling at Rs.33,865 to end the week.
Jan '16 - Week 2 (11 th to 17 th )
Silver rates rose again in the 2nd week.
Rates were Rs.33,750 on 11th and Rs.34,335 on 17th.
Silver dropped to Rs.33,295 on 13th but rallied to Rs.34,220 on 14th and then settled at a slightly higher Rs.34,335 for the rest of the week.
Jan '16 - Week 3 (18 th to 24 th )
Prices of silver appreciated in the 3rd week.
Prices were Rs.34,115 on 18th and Rs.34,425 on 24th.
Silver gained value to rise to Rs.34,800 on 21st but lost some of the value on the next day as prices settled at Rs.34,425.
Jan '16 - Week 4 (25 th to 31 st )
Silver continued its gains on the back of increased industrial offtake and greater demand for coins.
Prices were Rs.34,435 on 25th and Rs.34,930 on 31st.
Silver rose to the monthly high of Rs.35,565 on 28th and settled at Rs.34,930 to end the month.
|Highest rate in December||Rs.35,050 on 5th and 6th|
|Lowest rate in December||Rs.33,050 on 18th|
- Silver Rates appreciated in the 1st week of December.
- Prices were Rs.34,040 on 1st and Rs.35,015 on 7th.
- Silver first lost value this month when it dropped to Rs.33,660 on 3rd.
- Prices appreciated from then on and breached 35,000-mark for the first time this month on 4th when silver was trading at Rs.35,050.
- Prices fell marginally on 7th to Rs.35,015.
- Silver Rates depreciated in the 2nd week.
- Rates were Rs.34,415 on 8th and Rs.33,670 on 14th.
- Prices this week were mostly stable around Rs.34,000, but fell on 14th to Rs.33,670 to end the week on a negative note.
- Silver Rates were up in the 3rd week again.
- Prices were Rs.33,230 on 15th and Rs.33,900 on 21st.
- The third week turned out to be stable for silver as prices stayed in the range of 33,000-34,000 all through the week.
- Silver dropped marginally in the last days of December.
- Prices were Rs.34,020 on 22nd and Rs.33,405 on 31st.
- Silver traded in the positive or neutral till 26th when it was priced at Rs.34,055.
- Prices appreciated marginally to Rs.34,275 on 27th before losing the gains and ending almost Rs.600 lower than 34,000 at Rs.33,405 on 31st.
|1st November rate||Rs.37,300|
|30th November rate||Rs.33,940|
|Highest rate in November||Rs.37,300 on 1st, 2nd and 3rd|
|Lowest rate in November||Rs.33,940 on 30th|
- Silver Rates were lower in the 1st week of November.
- Prices were Rs.37,300 on 1st and Rs.35,800 on 7th.
- Silver was stable in the first 3 days before trading in negative on 4th, 5th and 7th to drop to Rs.35,800 by the end of the week.
- Silver Rates dropped again in the 2nd week.
- Rates were Rs.35,800 on 8th and Rs.34,665 on 14th.
- Prices crossed 36,000 mark on 9th to touch Rs.36,100 but lost the gains on the next day to drop to Rs.35,410.
- Silver further fell on 11th and 12th to stabilize at Rs.34,655 for the rest of the week.
- Silver Rates declined in the 3rd week again.
- Prices were Rs.34,665 on 15th and Rs.34,100 on 21st.
- Prices were stable throughout the week with only one negative session on 18th that brought rates down to Rs.34,100 and ended the week at the same level.
- Silver dropped marginally in the last days of November.
- Prices were Rs.34,025 on 22nd and Rs.33,940 on 30th.
- Silver appreciated on 26th and 27th to breach 34,300 mark but dropped back to Rs.34,090 on 28th and again to Rs.33,940 on 30th.
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|