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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 July 2017 (rates per kilogram)
|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|
Trend of Silver Rate in Delhi for June 2017 (rates per kg)
|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|
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|
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|
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.
|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|
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|
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|
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|
Read more on Silver
- Interesting Facts About Silver
- Silver’s Industrial Demand
- Why Buy Silver?
- Silver Bars And Coins Investments
- Silver Jewellery In India
- Silver Price in COMEX
News About Silver Rate in Delhi
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%.
17th 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.
7th 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.
31st 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.
31st 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.
19th 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.
16th Febuary 2016
Higher Demand from Jewellers Hikes Gold Prices by Rs. 85
Standard gold prices in the bullion market on Thursday increased by Rs. 85 to Rs. 26,380 for 10 gram, following a rise in demand from jewellers. This is the second consecutive day that gold prices are showing a rise in India amid weak global market growth.
A similar rise was seen for pure gold of 99.9 purity, to close at Rs. 26,530 per 10 gram from Rs. 26,445 earlier.
Prices of gold in the global market fell because of the slowdown from a tentative bounce-back in European equities.
Silver prices, meanwhile, fell because of lower demand and speculative sales.
22nd January 2016
Gold slips again at the bullion market
The price of gold slipped by Rs 210 per 10 grams at the bullion market, tracking a weak global trend amid low demand from jewellers and retailers. Standard gold (99.5 purity) rates dropped by Rs 210 and ended at Rs 25,795 per 10 grams from yesterday's price of Rs 26,005.
Rate of pure gold (99.9 purity) fell by similar margin of Rs 210 to close at Rs 25,945 per 10 grams compared to yesterday’s Rs 26,155.
Spot gold was priced at $1,094.20 an ounce in early trade, with a slight change from late on Monday. The rate of US gold futures for February delivery slipped to $1.80 an ounce at $1,094.40.
13th January 2016