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Silver Price in Guwahati
Silver is one of the sought-after precious metals in the city of Guwahati. Apart from its ever-increasing industrial usage across different domains, silver is bought in various forms from traditional ornate elaborate jewellery pieces and silverware to gift articles for festive occasions and utensils meant for ritualistic purposes. Possession of the white precious metal is considered auspicious and a sign of good luck and prosperity in addition to being a symbol of social prestige in some sections in the city.
Many consumers hailing from middle-class and upper middle-class sections in the city buy the white precious metal as they consider it as a safe haven of investment in the long term against any cash crunch and financial instability. Many investors in Guwahati buy silver coins and bars given that the white precious metal is more affordable than the yellow metal. Owing to its intrinsic value, and instant acceptability anywhere in the world, silver is held in high regard.
Trend of Silver Rate in Guwahati for October 2017 (rates per kg)
|Parameters||Silver price (per kg)|
|Silver rate on 1st October 2017||Rs.39,530 per kg|
|Silver rate on 31st October 2017||Rs.39,435 per kg|
|Highest Rate in September||Rs.40,440 per kg on 16 October|
|Lowest Rate in September||Rs.39,110 per kg on 5 and 19 October|
|Overall Monthly Performance||Decline|
October 2017 - Week 1 (1st to 8th)
- Demand for silver was trading lower than expected, with the industrial metal priced at Rs.39,530 per kg on 1 October.
- Prices fell as demand was poor, resulting in the metal falling sharply as geo-political tensions on the Korean peninsula did not affect the dollar rate too much.
- The lack of demand in spite of it being the festive season led to silver price in Guwahati plunging to Rs.39,110 per kg on 5 October.
- There was a recovery in price as a sudden surge in demand from Asia led to silver prices in Guwahati rising to Rs.39,680 per kg on 7 October.
- The relative lack of turbulent markets and a steady rise in local demand led to silver prices remaining constant at Rs.39,680 per kg on 8 October as the week ended.
October 2017 - Week 2 (9th to 15th)
- Prices were on the rise in the second week, with silver priced at Rs.39,950 per kg on 9 October following an early surge in markets.
- The renewed tension in the United States over the planned budgetary proposals led to a slight dip in the markets, which led to a rise in demand for safe-haven assets like bullion.
- Silver rose to trade at Rs.40,060 per kg on 10 October and continued to climb for the remainder of the week, trading at Rs.40,390 per kg from 12-15 October due to an ever-rising demand from Asian markets.
- Low dollar rates owing to trouble within the United States as well as disquiet over the Catalan independence vote led to unstable markets, increasing demand for silver and gold among investors.
October 2017 - Week 3 (16th to 22nd)
- Markets opened the week with silver priced at Rs.40,440 per kg on 16 October as the rise in price continued due to steady demand for the industrial metal.
- Minor fluctuations in price wre observed due to vagaries in demand, but price more or less held steady in the third week of October.
- With the beginning of Diwali, there was greater demand for silver and gold from retailers and jewellers alike, which helped keep prices steady.
- Silver traded at Rs.40,060 per kg on 18 October as higher demand for precious metals coupled with a stable U.S. dollar led to prices plunging.
- Silver rate in Guwahati were quite unsteady for the remainder of the week, with silver rising to trade at Rs.40,285 per kg on 20 October.
- Demand fell as silver ended the week priced at Rs.40,060 per kg on 21 & 22 October.
October 2017 - Week 4 & Week 5 (23rd to 31st)
- The last week of October saw the price of silver in Guwahati decline as there was a reduction in industrial demand due to unfavourable market conditions.
- Silver was priced at Rs.40,040 per kg on 23 October with the price dropping to Rs.39,780 per kg on 25 October due to a sustained decline in demand.
- Prices continued to fall with silver trading at Rs.39,435 per kg on 27 October following renewed uncertainty over the stability of the dollar rate.
- Local demand was also on the decline after the end of Diwali, resulting in lower demand for bullion by jewellers.
- Prices dropped to Rs.39,115 per kg on 29 & 30 October before stabilising at Rs.39,435 per kg on 31 October.
Trend of Silver Rate in Guwahati for September 2017 (rates per kg)
|Parameters||Silver price (per 1 kg)|
|Silver rate on 1st September||Rs.40,390 per kg|
|Silver rate on 30th September||Rs.39,530 per kg|
|Highest Rate in September||Rs.40,900 per kg on 9 and 10 September|
|Lowest Rate in September||Rs.39,530 per kg on 28 to 30 September|
|Overall Monthly Performance||Decline|
September 2017 - Week 1 (1st - 10th)
- On the 1st of September, silver was priced at Rs.40,390 and continued at the same rate till the closing hours of the 3rd.
- Silver rates in Guwahati surged significantly to Rs.41,075 per kg on the 4th because of an increase in safe-haven demand in the US. This consequently pushed silver rates up in various cities in the country.
- As investors zeroed in on the metal to balance out the economic fall out, silver rates in Guwahati surged again to Rs.41,230 per kg on the 5th.
- Another day’s price surge later, silver prices fell to Rs.41,230 per kg after the US dollar began showing signs of recovery.
- But, North Korea’s open admission about its latest nuclear test pushed silver rates back on an upward trajectory.
- By the time the week ended, silver rates in Guwahati had gone up to Rs.41,900 per kg - which was the metal’s highest rate this month.
September 2017 - Week 2 (11st - 17th)
- This week saw silver prices fall back to its decent levels after the impact of US - North Korea conflict seemed to fade.
- On the 11th, silver was trading at Rs.41,075 per kg, before falling to Rs.41,030 per kg on the 12th.
- Silver rates in Guwahati went down to Rs.40,890 per kg on the 14th as industrial demand tanked as US dollar value picked up gradually.
- Till the 17th of this month, silver rates in Guwahati remained at Rs.40,890 per kg and the week’s trading session drew to a close.
September 2017 - Week 3 (18th - 24th)
- The third week began on a relatively weaker note with the metal trading at Rs.40,440 per kg - a Rs.450 decline from the previous day’s closing rates.
- Prices fell again - this time by Rs.770 per kg - to trade at Rs.39,670 per kg on the 19th of the month.
- The 20th saw silver rates in Guwahati go up marginally to Rs.40,060 per kg before falling back to Rs.39,670 per kg on the 21st of September.
- On the 22nd, silver rates in Guwahati went up on the account of increased buying from jewellers - who stocked up to meet the upcoming festive demand.
- Silver was trading at Rs.40,040 per kg on this day and continued at the same rate till the closing hours of the week.
September 2017 - Week 4 (25th - 30th)
- The last week of September saw silver rates in Guwahati remain steady before one of the initial days saw prices rise considerably.
- On the 25th of September, the white metal was trading at Rs.39,670 per kg - a Rs.370 decline from the prices seen on the 24th of the month.
- With demand for the Dussehra season rising, and with jewellers and coin makers scaling up their purchases - silver rates went up to Rs.40,520 per kg on the 25th of September.
- However, this spike in demand was a one-time event, which led to prices falling on the 26th to Rs.39,780 per kg.
- After demand consolidated in the city, silver rates in Guwahati went down again on the 27th to Rs.39,530 per kg, which continued till the closing hours of the 30th.
- Silver rates in Guwahati declined by 2.12% this month, courtesy of a weak demand from both international and indian circles.
Trend of Silver Rate in Guwahati for August 2017 (rate per kg)
|Parameters||Silver price (per kg)|
|Silver Rate in 1st August||Rs.38,925 per kg|
|Silver Rate in 31st August||Rs.40,040 per kg|
|Highest Rate in August||Rs.40,190 per kg on 29 & 30 August|
|Lowest Rate in August||Rs.37,235 per kg on 5 & 6 August|
|Overall Monthly Performance||Incline|
August 2017 - Week 1 (1st - 6th)
- Silver demand seemed to be on the vane for much of week due to subdued demand, which trickled down from the previous month.
- On the 1st of August, silver was priced at Rs.38,925 per kg.
- Silver rate in Guwahati in dipped to Rs.38,455 per kg on the 2nd as there was no demand from either the coin makers or the industrial units.
- Silver rate in Guwahati slumped further to Rs.37,965 per kg on the 3rd as a result of demand still remaining weak.
- However, prices went up to Rs.38,120 per kg on the 4th as demand from coin makers and jewellers increased.
- This sudden rise in prices was an anomaly. Rates fell by nearly Rs.900 to go down to Rs.37,235 per kg as demand fell again amidst weak global demand.
- The week ended with silver still trading at Rs.37,235 per kg.
August 2017 - Week 2 (7th - 13th)
- The second week of August began on a glum note due to little change in demand.
- On the 7th, the white metal was trading at Rs.37,295 per kg. Rates surged to Rs.38,345 per kg as industrial demand pushed purchases up and subsequently the prices.
- Rates fell back again on the 9th to reach Rs.37,965 per kg as the number of purchases went down.
- The 10th saw silver rate in Guwahati rise to Rs.38,925 per kg as a direct result of the rising tensions between the US and North Korea.
- Silver price in Guwahati went up on the 11th also, to Rs.39,530 per kg, as investors —coin makers and industrial units — decided to increase their inventory.
- Over the 12th and the 13th, silver rates was seen holding at Rs.39,670 per kg as demand remained steady.
August 2017 - Week 3 (14 - 20):
- Silver rate in Guwahati fluctuated considerably towards the latter half of this week.
- On the 14th of the month, silver was trading at Rs.39,670 per kg. This rate continued on to the 15th as well, thanks to sustained purchases from various quarters of the city.
- The 16th, however, saw prices drop to Rs.38,815, due to a weak trend overseas.
- With investors ramping up their purchase, silver rates pushed back up to Rs.39,530 per kg on the 17th before falling again, to Rs.39,115 per kg.
- As demand was stable, rates remained at Rs.39,115 per kg till the end of the week.
August 2017 - Week 4 (21st - 27th)
- The US dollar bounced back during the mid week which affected global as well as local silver sales.
- On the 21st of August, silver was seen trading at Rs.39,115 per kg - the same price as seen at the closing hours of the 20th.
- Silver price in Guwahati went up to Rs.39,265 per kg on the 21st before remaining steady on the 22nd.
- The 24th saw price in Guwahati increase to Rs.39,355 per kg before dropping to Rs.38,995 per kg on the 25th as dollar rallied against other currencies.
- Silver prices remained at Rs.38,995 per kg over the final two days of this week, owing to steady demand for the metal.
August 2017 - Week 5 (28th - 31st)
- The final week of August saw silver demand remain uneven, with the metal trading at Rs.39,435 per kg on the 28th.
- Rates went up to a monthly high figure of Rs.40,190 per kg on the 29th and the 30th as jewellers ramped up their purchases to meet retail demand.
- When the month came to an end on the 31st, silver was seen trading at Rs.40,040 per kg.
- Overall, silver price trends surged by 2.86% for this month, thanks to a weak dollar and a strong domestic bullion demand.
Trend of Silver Rate in Guwahati for July 2017 (rates per kg)
|Parameters||Silver price (per kg)|
|July 1st Rate||Rs.38,640 per kg|
|July 31st 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|
July 2017 - Week 1 (1st to 9th)
- Silver prices in Guwahati started for the month of July at Rs.38,640 per kg.
- As there was a sustained buying trend from local industrial units, rates remained unchanged on the 2nd.
- The 3rd led to silver prices hitting a monthly high figure of Rs.38,690 per kg, thanks to a subpar performance on the part of the US dollar.
- Silver prices fell to Rs.37,705 per kg on the 4th before going up to Rs.37,800 as strong international demand led to a hike in local trading prices.
- Rates closed at Rs.37,115 per kg when the week ended as US jobs data pushed markets on an upward trajectory.
July 2017 - Week 2 (10th - 16th)
- The 10th of July saw silver trade at Rs.36,035 per kg - the lowest rate for the month - as US markets strengthened amidst a positive outlook.
- Rates, however, increased from the 11th onwards as media reports were ripe with claims that US President Trump’s family had colluded with Russia to win the election.
- The 12th again led to prices increase as US dollar tanked, which subsequently led to increased buying in the local market.
- Silver prices in Guwahati were holding at Rs.36,920 per kg on the 12th and 13th as investors decided to use the situation to their advantage.
- On the 14th, prices dipped to Rs.36,270 per kg as demand seemed to reach saturation levels.
- That notion, though, was short lived as purchases ramped up on the 15th to drive prices up to Rs.37,180 per kg as US economic data was headed for a fall.
July 2017 - Week 3 (17th - 23th)
- On the 17th, when the third week began, silver was priced at Rs.37,180 per kg, which then spiked to Rs.37,600 per kg on the 18th.
- The 19th as well maintained the positive growth with rates going up to Rs.37,705 per kg before a slowed down purchase brought rates down to Rs.37,600 per kg on the 20th.
- Investors, particularly those from industries and the jewellery segment, began purchasing silver more on the 21st, which led to the metal trading at Rs.37,800 per kg.
- During the last two days of the week, silver prices stabilised to hold at Rs.38,005 per kg.
July 2017 - Week 4 (24th - 31st)
- When the last week of July started, silver opened at Rs.38,120 per kg. This was due to a sustained demand from industrial units and coin makers.
- Rates went up to Rs.38,230 per kg on the 25th before going down to Rs.38,120 per kg because various sections of investors were waiting for a price correction.
- Silver rates were on the ascent on the 27th with prices reaching as high as Rs.38,690 per kg but decline considerably over the last few days of the month.
- The month ended with the white metal trading at Rs.38,640 per kg. Overall, price trends in the port city of Vizag saw a 0% change as prices picked up towards the latter half of the month after a fall during the initial days of the month.
|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 and 27 June|
|Overall Monthly Performance||Decline|
June 2017 - Week 1 (1-4):
- Barring a price drop on one of the days, silver rates largely seemed to be one the incline during the first week of June.
- When trading commenced on the 1st of the month, silver was priced at Rs.40,285 per kg.
- The 2nd saw silver rates in Guwahati drop to Rs.39,950 per kg as investors remained cautious with their purchases.
- Positive cues from the global market helped silver prices increase to Rs.40,670 per kg on the 3rd and, with demand holding steady, maintain the same prices on the 4th of the month.
June '17 - Week 2 (5th - 11th)
- Silver price in Guwahati remained at Rs.40,670 per kg on the 5th and the 6th before increasing to reach the monthly high figure of Rs.40,890 per kg on the 6th.
- In the wake of positive US job data, silver prices went down to Rs.40,815 per gram on the 8th.
- Due to the lack of domestic demand from industrial units and coin makers, silver prices went down significantly to Rs.40,060 per kg on the 9th.
- The last two days of this week, i.e., the 10th and the 11th saw silver prices remain at Rs.40,060 per kg as there was no change in purchase figures.
June'17 - Week 3 (12th - 18th)
- Overnight trading cues led to silver trading at Rs.39,780 per kg when the third week began on the 12th.
- Prices dropped further as the metal the metal got expensive in the international market.
- On the 13th, silver price in Guwahati were down to Rs.39,110 per kg due to a major fall in demand before rising slightly and coming back down to Rs.39,110 per kg on the 15th of the month.
- The 16th of June saw silver rate in Guwahati decline to Rs.38,995 per kg as demand from local players saw little signs of picking up.
- Another paltry fall followed the next day, on the 17th, as rates went down to Rs.38,460 per kg, before continuing at the same rate on the last day of the week.
June '17 - Week 4 (19th - 25th)
- This week saw silver price in Guwahati reach a 9-month low figures as demand fell further owing to a strong US dollar performance.
- When trading commenced for the week on the 19th, silver prices were recorded at Rs.38,640 per kg.
- On the 21st, silver rates fell to Rs.38,455 per kg - the lowest monthly figure - as the US dollar rose consistently due to favourable economic conditions.
- Prices rose on the 22nd to Rs.38,460 per kg before going up consistently to reach Rs.38,925 per kg by the 24th.
- This rise in demand is because of sustained precious metal purchases from industries, jewellers, and retailers.
- Silver rates remained consistent to end the week at Rs.38,925 per kg on the 25th of the month.
June'17 - Week 5 (26th - 30th)
- Precious metal prices remained unchanged on the 26th as the markets were awaiting some key economic data from the government.
- The 27th saw silver price in Guwahati hit the monthly low figure of Rs.38,455 per kg yet again ahead of the Fed Reserve chairperson’s speech.
- After the US dollar fell slightly, demand for the metal went up to Rs.39,115 per kg on the 28th and the 29th of the month.
- The last day of the month saw silver trading at Rs.38,995 per kg as investors slowly eased out of their purchasing deals.
|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 of May|
|Lowest Rate in May||Rs.37,705per kg on the 10th and 11th May|
May ’17 – Week 1 (1st – 7th)
- On the very first day of May, this precious metal was priced at Rs.40,040 per kg but due to market fluctuations, reduced over the next few days.
- There was a fall in the demand for safe-haven bullion as a result of Asian equities. Due to this, the price of silver was relatively low. Additionally, the value of the U.S. dollar gained against the yen which in turn had an impact on the price of this metal.
- On the 2nd of May, silver was priced at Rs.39,115 per kg prior to reducing the next day to trade at Rs.38,925 per kg. The fluctuation in the demand for silver had an impact on its price.
- Due to a rise in the value of the U.S. dollar, the demand for silver started to reduce. On the 5th of May, silver was priced at Rs.37,965 per kg which was also the lowest at which this metal traded at for the first week of the month.
- A slight recovery was noted in the rate of this metal as the week came to an end with silver being priced at Rs.38,005 per kg on the last two days of the week.
May ’17 – Week 2 (8th – 14th)
- After Emmanuel Macron won the French Presidential elections, the euro strengthened, thereby impacting the price of silver.
- On the first day of the second week of May, silver was priced at Rs.37,965 per kg but reduced slightly the next day to trade at Rs.37,865 per kg due to variations in the demand for this metal from domestic markets.
- With a fall in the demand for this metal from coin makers and industrialists, the price of silver continued to fall as the week progressed.
- Silver was priced at Rs.37,705 per kg on the 10th of May and this rate was noted the next day as well. This was the lowest at which silver was priced at for the month of May in Guwahati.
- On the last day of week 2 in Guwahati, silver traded at Rs.37,865 per kg.
May ’17- Week 3 (15th – 21st)
- As the value of the U.S. dollar fell, the rate of silver increased and this week saw the demand for silver increase as well.
- On the 15th of the month, silver was priced at Rs.38,230 per kg and increased to be priced at Rs.38,640 per kg on 16th of May.
- After weak manufacturing data from the U.S. reduced expectations of an interest rate hike by the U.S. Fed, the rate of silver inched higher.
- On the 17th of May, silver traded at Rs.38,995 per kg and rose to be priced at Rs.39,265 per kg on the 18th of May.
- As a rise was noted in the demand for this precious metal, the price of silver increased to trade at Rs.39,115 per kg.
May ’17 – Week 4 (22nd – 28th)
- There were a number of fluctuations witnessed in the rate of silver during the fourth week of May in Guwahati.
- Silver traded at Rs.39,265 per kg on the 22nd of May before increasing to trade at Rs.40,040 per kg on the 23rd of May.
- As Asian stocks gained, the price of silver started to marginally fall with this metal being priced at Rs.39,670 per kg on the 24th of May.
- A slight increase in the price of silver saw this metal being priced at Rs.39,950 per kg on the 25th and 26th of May due to sustained demand.
- The rate of silver rose due to increased demand on the last two days of the fourth week and the metal was priced at Rs.40,190 per kg.
May ’17 – Week 5 (29th – 31st)
- As a result of market instability, a large number of variations were noted in the rate of silver during the final week of the month in Guwahati.
- Easing stock markets in Asia and geopolitical issues resulted in a marginal increase in the rate of silver.
- Silver was priced at Rs.40,285 per kg on the 29th of the month before increasing to a monthly high of Rs.40,520 per kg on the 30th of May.
- On the last day of May in Guwahati, this metal traded 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 15th & 16th April|
|Lowest Rate in April||Rs.40,040 per kg on 29th & 30th April|
April ’17- Week 1 (1st to 9th)
- Silver prices in Guwahati fluctuated in the first week of April, though prices rose as the week ended.
- Silver traded at Rs.42,570 per kg on 1st April, with the price rising marginally as industrial units increased demand.
- A relatively low U.S. Dollar also led to a rise in international demand as exports were more affordable, which pushed prices to Rs.42,775 per kg on 5th April.
- Prices dipped slightly due to fluctuations in demand, with silver trading at Rs.42,570 per kg on 7th April.
- The week ended with silver priced at Rs.42,640 per kg on 9th April as local demand dipped in spite of an increase in silver demand globally.
April ’17 – Week 2 (10th to 16th)
- An increase in demand from coin makers as well as higher demand from industrial units overseas led to silver prices rising in the second week of April.
- Silver was priced at Rs.41,625 per kg on 10th April as overseas demand led to prices rising, with silver trading at Rs.42,640 per kg on 12th April.
- Prices continued to rise as the U.S. markets fell due to geo-political factors such as the North Korean missile launches, which in turn led to the U.S. Dollar losing value and an increase in demand for silver.
- Silver traded at Rs.43,030 per kg on 14th April, with the jump in price attributed to higher demand from investors keen to offset market losses as well as coin makers due to favourable conditions.
- Silver ended the week trading at a monthly high of Rs.43,055 per kg on 16th April as demand rose due to conducive market conditions.
April ’17 – Week 3 (17th to 23rd)
- Silver prices were stable as the week began but dipped due to a fall in demand as markets recovered.
- Silver was priced at Rs.43,030 per kg on 17th April but prices dropped in the subsequent days as the U.S. Dollar rose following robust trading on the bourses that saw stocks recovering after the previous week’s steep fall.
- Prices dropped to Rs.42,080 per kg on 21st April as overseas industrial demand dropped due to the rising cost of imports, which also led to a fall in domestic demand.
- Silver prices fell to Rs.41,980 per kg as the week ended on 23rd April.
April ’17 – Week 4 (24th to 30th)
- The fall in the price of silver continued as demand dropped sharply due to a general decline in orders across verticals.
- Silver was priced at Rs.41,635 per kg on 24th April, with the price dropping to Rs.40,520 per kg on 26th April amidst waning interest from jewellers and coin makers due to steep import costs.
- The European markets also rose as the French presidential candidate favouring European integration appeared to be in the lead, which led to a further reduction in demand for silver.
- Prices dropped to Rs.40,190 per kg on 28th April before closing the month at Rs.40,040 per kg on 30th April, resulting in a 5.94% decline in price over the course of the month.
|March 1st Rate||Rs.43,970 per kilogram|
|March 31st Rate||Rs.42,115 per kilogram|
|Highest Rate in March||Rs.44,100 per kilogram on March 2nd|
|Lowest Rate in March||Rs.40,040 per kilogram on March 15th|
March ‘17 - Week 1 (1st to 5th)
- Silver opened trading for the month of March at Rs.43,970 per kilogram.
- Increased industrial demand for the metal saw it marginally climb to Rs.44,100 per kilogram on March 2nd.
- A stronger US Dollar in light of expected US Federal Interest Rate hikes saw silver drop to Rs.42,730 per kilogram on March 3rd.
- Increased industrial demand and demand from coin makers saw silver recover to Rs.43,295 per kilogram for March 4th and March 5th.
March ‘17 - Week 2 (6th to 12th)
- A decline in demand from coin makers saw Silver open the second week of trading at Rs.42,925 per kilogram.
- Drop in industrial demand saw Silver slump to Rs.41,435 per kilogram on March 9th.
- An expected US Federal Interest Rate hike saw silver plummet to Rs.40,670 per kilogram on March 10th.
- Silver saw a further decline to Rs.40,520 per kilogram on March 11th and March 12th.
March ’17- Week 3 (13th to 19th)
- A marginal increase in demand from coin makers saw Silver open the third week of trading at Rs.40,760 per kilogram.
- A strong US Dollar and slump in industrial demand for the precious metal saw Silver drop to Rs.40,040 per kilogram on March 15th.
- Propped up by a slight increase in industrial demand, Silver climbed to Rs.40,890 per kilogram on March 16th.
- Silver remained stable and closed the week’s trading at Rs.40,815 per kilogram.
March ’17- Weeks 4 (20th to 26th)
- Sustained demand from coin makers and industry saw Silver open the week’s trading at Rs.41,075 per kilogram.
- An increase in trading in the FOREX market saw Silver rates drop to Rs.40,725 per kilogram on March 21st.
- Sustained demand for the precious metal saw Silver climb to Rs.41,435 per kilogram on March 24th.
- Sustained demand stabilized Silver at Rs.41,340 per kilogram to close the week’s trading.
March ’17- Weeks 5 (27th to 31st)
- Sustained demand by industry saw Silver open the week’s trading at Rs.41,900 per kilogram.
- A weakened US Dollar saw Silver climb further to Rs.42,115 per kilogram on March 28th and March 29th.
- Increase in demand for Silver saw it further climb to Rs.42,435 per kilogram on March 30th.
- Silver closed the month’s trading at Rs.42,115 per kilogram.
|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)
- There were a number of fluctuations noted in the price of silver during the first week of February in Guwahati.
- Silver opened at Rs.42,520 per kg on the 1st due to steady demand for this metal in both international and domestic markets.
- The rate of silver rose to Rs.42,640 per kg on the 2nd due to increased demand. However, this could not be sustained and silver prices declined the next day to trade at Rs.42,115 per gram on the 3rd of February. This was also the lowest rate at which silver traded for the month of February in Guwahati.
- Due to a fall in the value of the U.S. dollar and resulting increase in demand, the rate of silver rose to Rs.42,355 per gram on the 4th of the month.
- Silver closed the first week of February by trading at Rs.42,355 per kg which was the same rate as that of the previous day due to steady demand.
February ‘17 - Week 2 (6th to 12th)
- During the second week, silver traded at Rs.42,520 per kg which was slightly higher than that of the previous day.
- Right after this, due to higher demand from industrialists, the price of silver rose to trade at Rs.42,930 per kg.
- Price of silver was Rs.42,950 per kg on the 9th of February thanks to sustained but lower demand for this metal.
- The price of silver fell to Rs.42,375 per kg on the 10th due to reduction in the demand for this precious metal.
- Prices fluctuated during the week, with silver continued trading at Rs.42,570 per kg on 12th February due to a sudden rise in demand.
February ’17- Week 3 (13th to 19th)
- A minor variation in the rate of the U.S. dollar led to sudden decrease in the demand for silver with this metal trading at Rs.43,280 per kg on the first day of the third week of February.
- This demand was however not very steady and fluctuated throughout the week. On the 14th of February, the price of silver plunged to Rs.43,030 per kg.
- Prices rose to Rs.43,115 per kg on 15th February and later rose to Rs.43,385 per kg on 16th February due to a sudden drop in the value of the U.S. Dollar.
- Local demand kept prices stable as demand fluctuated, trading at Rs.43,520 per kg on 17th February.
- The week ended with silver trading at Rs.43,400 per kg on 19th February, due to steady demand.
February ’17- Weeks 4 & 5 (20th to 28th)
- The price of silver in the last two weeks of February fluctuated slightly varying demand for this precious metal from industrialists and coin makers.
- Silver was priced at Rs.43,270 per kg on 20th February, before rising slightly to trade at Rs.43,285 on the 21st of February.
- There was an increase in demand for this metal resulting in prices rising to trade at Rs.43,240 per kg on the 22nd of February.
- A slight increase in demand led to silver trading at Rs.43,680 per kg on 24th February.
- Silver prices continued to trade at Rs.43,910 per kg on 25th February, with the price staying steady the next day as well.
- Silver prices continued to rise as the month ended, trading at Rs.44,165 per kg on 28th February to record an overall rise of 3.86%. This was also the highest at which silver traded for the month of February.
|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 prices in Guwahati rose in the first week of January as demand from the industrial sector as well as coin makers increased.
- Silver was priced at Rs.39,035 per kg on 1st January and rose to Rs.39,530 per kg on 3rd January on increased demand due to a fluctuating U.S. Dollar.
- Prices continued to increase as domestic demand also rose, with silver trading at Rs.40,670 per kg on 5th January before falling slightly due to a dip in demand.
- Silver was priced at 40,390 per kg as the week ended on 7th January, registering a weekly rise in price of Rs.1,355 per kg due to higher industrial demand.
January ‘17 - Week 2 (8th to 14th)
- Silver prices continued to rise in the second week of January as markets were volatile, which resulted in higher demand for bullion.
- Silver was priced at Rs.40,390 per kg on 8th January as local demand for silver increased.
- Demand from coin makers also pushed prices higher, with silver trading at Rs.40,815 per kg on 10th January.
- Market fluctuations kept demand for silver high, as the metal traded at Rs.41,295 per kg on 11th January.
- Prices fell to Rs.41,030 per kg on 13th January before closing the week at Rs.41,230 per 14th January.
January ’17- Week 3 (15th to 21st)
- The third week saw prices of silver continue to rise, though there were a few fluctuations in demand.
- Silver was priced at Rs.41,230 per kg on 15th January, as a rise in industrial demand led to prices rising to Rs.41,560 per kg on 16th January.
- A drop in the U.S. Dollar led to higher demand for silver as the metal traded at Rs.41,805 per kg on 19th January.
- Global markets took their cue from the U.S. stocks, which were shaky due to the impending transfer of power, resulting in a rise in demand for silver.
- Silver ended the week trading at Rs.41,930 per kg on 21st January, recording a weekly increase of Rs.700 per kg.
January ’17- Weeks 4 & 5 (22nd to 31st)
- Prices in the last two weeks of January were stable for the most part, with a few fluctuations towards the end of the month.
- Silver was priced at Rs.41,930 per kg on 22nd January and rose to a monthly high of Rs.42,180 per kg on 23rd January as markets dropped, which boosted demand for silver.
- Prices regularised during the week, with silver trading at Rs.41,835 per kg on 25th January.
- The Lunar New Year holiday led to a decrease in demand from Asian markets, which led to silver falling to Rs.41,075 per kg on 27th January.
- Prices rose marginally as the month ended, with silver trading at Rs.42,010 per kg on 30th January.
- The month ended with silver priced at Rs.41,980 per kg.
|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 2016 - Week 1 (1st to 4th):
- Guwahati saw silver prices fluctuate during the month of December.
- On 1st, silver was seen trading at Rs.40,450 per kg but climbed to Rs.40,795 on the 2nd.
- The 3rd saw prices gain a little more when compared to the previous day for silver to trade at Rs.41,070.
- When the week ended on the 4th, silver was seen trading at Rs.41,070 per kg, as it increased by Rs.570.
December 2016 - Week 2 (5th to 11th):
- Week 2 began with silver trading at Rs.41,055 per kg and witnessed quite a bit of fluctuations for the next few days.
- On 9th, silver prices increased to Rs.41,290 per kg courtesy of a sudden upswing in global demand.
- When the week ended on 11th, silver prices were up by a little bit which helped th metal trade at Rs.41,345 per kg.
December 2016 - Week 3 (12th to 18th):
- As there was no major catalytic factors around the world, silver prices seemed to go down over the third week of December.
- When week 3 began on the 12th, silver was seen trading at Rs.41,345 per kg.
- However, prices decreased significantly to hit Rs.40,605 per kg on 15th.
- On 18th, at the end of the week, silver was seen trading at Rs.39,305 per kg as global trends saw a further decrease.
December 2016 – Week 4 (19th to 25th):
- Silver prices continued on its downward trend during the fourth week as well/
- When the week began on the 19th, silver was trading at Rs.39,345 per kg but fell considerably to hit Rs.38,815 per kg on the 22nd.
- Prices dropped further to Rs.38,700 per kg on the 23rd, but gained a little bit more on the 24th.
- At the end of week 4, silver traded at Rs.38,725 per kg as demand saw a slight increase on Christmas.
December 2016 – Week 5 (26th to 31st):
- The last week of 2016 saw silver prices improve when compared to the previous four weeks.
- On 26th of December, silver prices fell from previous week’s prices to hit Rs.Rs.38,460 per kg .
- Silver traded at Rs.39,680 per kg on 29th as markets saw some fluctuations.
- The last day of the year silver prices fell to Rs.39,035 per kg, as 2016 came to an end.
- Overall, silver prices in Guwahati saw a change of -3.46% for the month of December.
|November 1st Rate||Rs.42,910 per kg|
|November 30th Rate||Rs.41,055 per kg|
|Highest Rate in November||Rs.44,960 per kg on 9th November|
|Lowest Rate in November||Rs.40,190 per kg on 25th November|
November '16 - Week 1 (1st to 6th)
- The price of silver was high as the month began as consistent demand from the industrial sector kept prices high.
- Silver was priced at Rs.42,910 per kg on 1st November as retail demand also increased due to the festive season.
- The upcoming U.S. election and uncertainty over the results led to markets falling, which led to silver demand increasing.
- Silver traded at Rs.44,180 per kg on 6th November.
November '16 - Week 2 (7th to 13th)
- Silver prices stayed high as demand was high due to fluctuating markets and consistent demand from industry.
- Silver was priced at Rs.43,685 per kg on 7th November as U.S. markets fell on the news of Donald Trump securing the U.S. presidency.
- The surprise announcement of the demonetisation of Rs.1,000 and Rs.500 notes led domestic markets to slide, which led investors to invest in bullion.
- Silver prices reached a high of Rs.44,960 per kg on 9th November but slipped as the week ended to Rs.42.005 per kg on 13th November.
November '16 - Week 3 (14th to 20th)
- The currency shortage led to demand for silver falling during the week.
- Silver traded at Rs.41,760 per kg on 14th November as markets began to rise, which led to interest in silver declining.
- Overseas demand also fell as currency markets stabilised after the uncertainty of the previous week.
- Silver prices fluctuated during the week but ended at Rs.40,735 per kg on 20th November as demand was low.
November '16 - Week 4 and 5 (21st to 30th)
- Silver prices fell as industrial demand failed to meet expectations.
- Domestic retail demand was also low due to the currency shortage and strict regulation of bullion purchases.
- Silver traded at Rs.40,890 per kg on 21st November as international demand also slowed due to a strong stock market and a resurgent U.S. Dollar.
- Silver fell to Rs.40,190 per kg on 25th November as retail demand all but ceased.
- Prices rose marginally as the month ended, with silver trading at Rs.41,055 per kg on 30th November.
|October 1st Rate||Rs.45,900|
|October 31st Rate||Rs.43,035|
|Highest Rate in October||Rs.45,900 on October 1st and October 2nd|
|Lowest Rate in October||Rs.41,685 on October 7th|
October ’16 – Weeks 1 and 2 (1st to 9th)
- The price of silver stood at Rs.45,900 on the 1st of October, and rates remained stable on the 2nd too.
- Prices then began their gradual decline until the 8th, when they hit Rs.41,800 per gram and remained unchanged on the 9th as well.
- The overall decline in prices between the start of the month and the 9th of October was Rs.1,100.
October ’16 – Week 3 (10th to 16th)
- Silver was priced at Rs.42,600 on the first day of the third week of October, marking an increase of Rs.800 from the last day of the previous week.
- Prices then fell by Rs.15 and the rate per kg was recorded at Rs.42,585 on the 11th and 12th of October, after which they began falling on a consistent basis for the next three days.
- Silver prices were recorded at Rs.41,780 on the 15th of the month and they remained stable on the 16th to close the week at the aforementioned rate.
- The third week of October ended with silver rates declining by Rs.820 in comparison with the previous week.
October ’16 – Week 4 (17th to 23rd)
- Silver rates were recorded at Rs.41,970 at the start of the fourth week of October thanks to an increase on the first day of the week.
- An increase of Rs.320 on the second day of the week saw prices climb to Rs.42,290 after which they first declined by Rs.20, and the increased by Rs.20 on the following two days to remain at Rs.42,290 on the 20th of October.
- Prices fell on the 21st of October, but a rise on the 22nd to Rs.42,130 saw rates remain constant for one more day and close the week at Rs.42,130 per kg.
- Silver prices rose by Rs.160 between the start and the end of the fourth week of October.
October ’16 – Week 5 (24th to 31st)
- Silver prices were recorded at Rs.42,330 on the 24th of October was thanks to an increase in rates from the closing levels of the fourth week.
- Rates increased over the next two days in succession before a decline on the 27th saw them plunge to Rs.42,295.
- Prices were recorded at Rs.42,500 on the 28th and then declined to remain cosntant for two days at Rs.42,270.
- A relatively big increase on the last day of the month saw prices climb to Rs.43,035 and end the month strongly.
|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 prices rose in the beginning of the month.
- Positive global trend overseas impacted silver prices.
- Silver climbed up as investors flocked to these metals.
- Silver trading opened at Rs.45,225 per kilogram in September.
- The rate climbed Rs.46,760 per kilogram around 3rd and 4th of the month.
- The week’s incline was recorded at 3.39%.
September '16 - Week 2 (5th to 11th)
- The looming Fed rate hike led to fluctuation in silver prices this week.
- Silver was recorded at Rs.46,760 per kilogram on the 5th of September.
- The highest was achieved on 7th, at Rs.47,820 per kilogram, this week.
- With hopes of the rate hike, silver prices dipped to Rs.46,835 per kilogram on 10th and 11th of the month.
September '16 - Week 3 (12th to 18th)
- Owing to hawkish comments from the Federal Reserve, silver continued to drop in the third week of the month.
- A weak global trend also led to a decline in demand for silver.
- Silver traded at Rs.45,715 per kilogram on 12th September.
- A fall in offtake from industrialists and coin makers resulted in the lowering of silver demand in the domestic market.
- Silver lost Rs.1,465 per kilogram by the end of week 3, trading at Rs.45,370 per kilogram on 17th and 18th September.
September '16 - Week 4 (19th to 25th)
- Silver price reached Rs.46,110 per kilogram on 19th September.
- Fed rate hike has been put on hold, due to which Silver climbed up this week.
- The Fed rate hike was put aside till the end of the year owing to presidential elections which is around the corner.
- Silver reached its peak this week on 22nd September at Rs.47,590 per kilogram.
- Although demand went high, prices fell marginally to Rs.47,535 per kilogram on 23rd September and maintained the same rate for the remainder of the week.
September '16 - Week 5 (26th to 30th)
- Silver dipped this week due to weak industrial support.
- Silver traded at Rs.46,950 per kilogram on 26th September.
- The strengthening dollar led to a weakened global trend.
- Silver fell to Rs.45,750 per kilogram by 30th September.
- Although silver fell this week, September recorded an increase of 1.16%.
|1st August||Rs.49, 430 per kg|
|31st August||Rs. 45, 460 per kg|
|Highest Price||Rs.49, 670 per kg on 03rd August|
|Lowest Price||Rs.44, 805 per kg on 29th August|
|Trend||Decline in silver prices|
August '16– Weeks 1 (1st to 7th)
- Silver opened at Rs.49, 430 per kg at the beginning of the week and performed well for the first 5 days of the week.
- Highest silver rate for the month was marked on 03rd August when silver trade at Rs.49,670 per kilogram.
- Silver closed at Rs.47, 255 per kilogram on 7th of August.
August '16 – Week 2 (8th to 14th)
- Silver prices slightly increased on the first 2 days of the week and traded at Rs.47,460 per kilogram.
- Silver prices continued to climb on 10th and 11th of August when silver was traded at Rs.48,595 per kilogram and Rs.48,330 per kilogram, respectively.
- The week concluded with a downward curve as silver prices declined from 12th to 14th August due to muted demand from domestic participants.
- Silver closed at Rs.47,750 per kilogram.
August '16– Week 3 (15th to 21st)
- Major fluctuations in silver prices was not reported in the 3rd week of August but a declining trend was noted.
- Silver opened at Rs.47,750 and managed to avoided significant prices changes til the 19th of August.
- Due to weak trend overseas and positive U.S employment data, silver prices fell and touched Rs.46,690 per kilogram on 20th August and closed at the same price on 21st August.
August '16 – Week 4 (22nd to 28th)
- Despite Fed rate hike prediction, silver managed to shun drastic fall in silver prices this week.
- Silver opened at Rs.45,800 per kilogram and a slight increase of Rs.135 per kilogram was noted on 23rd August.
- Silver further drifted to Rs.45,015 per kilogram mid-week before settling at Rs.45,040 per kilogram on 28th august.
August '16 - Week 5 (29th to 31st)
- The lowest silver rate in the month of August was recorded this week on 29th August when silver traded at Rs.44,805 per kilogram.
- Fed rate hike interpretation and muted demand from jewellers and coin makers led to decline in silver prices on 30th of August when silver traded at Rss.45,485 per kilogram.
- Silver drifted further and closed at Rs.45,460 per kilogram.
|1st Day||Rs.46,490 per kg|
|Last Day||Rs.48,970 per kg|
|Highest Price||Rs.49,745 per kg on 11th July|
|Lowest Price||Rs.46,490 per kg on 1st July|
July'16 - Week 1 and 2 (1st to 10th)
- On the first day of the month, the price of silver was at its lowest, costing Rs.46,490 per kg.
- There was a minor increase noted in the price after that to Rs.47,920 per kg and this price was maintained until the 3rd of July.
- Minor fluctuations were noted in silver rates and on the 6th there was a sharp incline in the price of silver to Rs.49,300 per kg.
- Rate of silver decreased slightly to close at Rs.47,720 per kg on the last day of the week.
July'16 - Week 3 (11th to 17th)
- The highest price of silver for the month was seen on the 11th at Rs.49,745 per kg.
- A minor decline of Rs.500 was seen in the rate of silver the next day and continued to reduce even further throughout the week.
- Silver prices stayed steady at Rs.48,840 per kg on the last two days of week 3.
July '16 - Week 4 (18th to 24th)
- A minor decline was seen on the first day of week 4 to Rs.48,360 per kg and continued declining after that as well.
- There were fluctuations noted in the price of silver as the week progressed.
- Price of silver fell drastically to cost Rs.46,665 per kg on the 21st which was also the lowest for the fourth week.
- On the final day of the week, the price of silver was Rs.47,420 per kg.
July‘16 - Week 5 (25th to 31st)
- Fluctuations were witnessed in the rate of silver throughout the week.
- Silver prices varied between Rs.47,160 per kg to Rs.47,375 per kg before rising slightly.
- On the final two days of the week, the price of silver was steady at Rs.48,970 per kg.
|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 traded at Rs. 38, 640 per 1 kg on the 1st of June.
- Silver price surged by Rs.225 per kg on the 3nd of June at Rs. 38,865 per kg.
- Silver traded at Rs.39,755 per kg on the 4th of June.
Jun'16 - Week 2 (5th to 11th)
- Silver traded at Rs. 39,755 per kg on the 5th of June as there was no change in the price from the previous week.
- 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 remained unchanged and traded at Rs.41,510 per kg on the 12th of June.
- Silver hit Rs.41,935 per kg on the 14th of June.
- Silver traded at Rs.42,958 per kg on the 16th of June.
- The price declined further over the week and silver hit Rs.42,235 on the 18th of June.
Jun'16 - Week 4 (19th to 25th)
- Silver traded at Rs.42,235 per kg on the 19th of June.
- Due to heavy demand in the global market,the price of silver rose to Rs.42,405 per kg on the 21st of June.
- The price of silver relatively increased over the week and hit Rs.43,465 per kg on the 24th of June.
- The price of silver remained unchanged on the 25th of June at Rs.43,465 per kg.
Jun'16 - Week 5 (26th to 30th)
- Silver traded at Rs.43,465 per kg on the 25th and 26th of June.
- The price further increased to 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 of May|
|Lowest rate in May||Rs. 38,795 on 30th of May|
May '16 - Weeks 1 and 2 (1st to 8th)
- Prices of silver in Guwahati began the week strong but fell as demand slumped.
- The price of silver on the 1st of May was Rs. 42,590 per kg and the price rose to the monthly high of Rs. 42,675 on the 2nd of May as demand was high.
- The price dropped as the week progressed, with demand slowing on the domestic front, trading at Rs. 41,595 per kg.
- Silver traded at Rs. 41,875 per kg on the 8th of May, a slight increase on the earlier rate.
May '16 -Week 3 (9th to 15th)
- Silver prices fell as demand from international markets dropped, impacting domestic demand.
- The Dollar made slight gains during the week, which resulted in silver trading lower than usual.
- Silver traded at Rs. 41,725 per kg on the 9th of May, with the price dipping further on the following day.
- As the markets fluctuated, silver made a resurgence, climbing to Rs. 41,570 per kg before dropping to Rs. 41,255 on the 15th of May.
May '16 - Week 4 (16th to 22nd)
- Silver prices stayed constant for the first half of the week but dipped later in the week as the possibility of an interest rate hike in June gathered momentum.
- Silver retailed at Rs. 41,255 per kg on the 16th of May and rose the following day on market volatility.
- The prices soon fell as stock markets rallied as data indicated the possibility of a rate hike in June, with the Dollar gaining on other currencies.
- Silver traded at Rs. 40,135 per kg on the 22nd of May, a fall of Rs. 1,120 since the start of the week.
May '16 - Weeks 5 and 6 (23rd to 31st)
- Silver dipped further in the last week of May, as speculation of a rate hike in June and positive data from the U.S. job market kept the Dollar and stock market high.
- Silver retailed at Rs. 40,060 per kg, with the price declining as the week progressed.
- Prices stabilised around the Rs. 39,600-mark mid-week, though they continued to decline.
- The biggest drop was on the 30th of May, when prices fell to Rs. 38,795 as the economy anticipated better-than-expected figures from the job market.
- The price rose by Rs. 270 on the 31st of May to close the month at Rs. 39,065 per kg.
|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 declined during the first four days of the month after which they increased steadily for two days gaining stability for 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 April.
- Prices began to increase on the fifth day of trading as international and domestic trends grew stronger amidst an increase in industrial demand.
Apr ‘16 - Week 3 (11th to 17th)
- Silver rates increased steadily 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 on the last.
- The overall increase in prices over the week exceeded Rs.2000.
Apr ‘16 - Week 4 (18th to 24th)
- Silver rates fluctuated during the week and became stable on the last two days of trading.
- Prices were recorded at Rs.38,920 on the 18th of April and Rs.41,155 on the 24th.
- The increase in prices over the week exceeded Rs.2200, making it the best trading week for jewellers in April.
Apr ‘16 - Week 5 (25th to 30th)
- Apart from a slight decline in prices on the fourth and last day of trading, silver prices increased consistently over the last week of April.
- 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)
- Prices were down in the first week of trading this month.
- Prices were Rs.37,005 on 1st and Rs.36,640 on 6th.
- Silver appreciated on 2nd before losing out the gains and then some on 3rd.
Mar'16 - Mar'16 - Week 2 (7th to 13th)
- Silver managed to perform positively in the second week.
- Rates were Rs.37,695 on 7th and Rs.37,710 on 13th.
- Silver posted a net gain of Rs.15 during the week.
Mar'16 - Week 3 (14th to 20th)
- The gains were bigger in the third week.
- Rates were Rs.37,650 on 14th and Rs.37,865 on 20th.
- Silver ended the week Rs.215 higher, with a monthly high of Rs.38,640 observed on 18th.
Mar'16 - Week 4 (21st to 27th)
- Prices reverted back to declining trend in the fourth week.
- Rates were Rs.37,930 on 21st and Rs.36,685 on 27th.
- There was a net loss of Rs.1,245 in the week.
Mar'16 - Week 5 (28th to 31st)
- Prices continued falling in the fifth week also.
- 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 was trading in the positive in the first week.
- Prices were Rs.34,970 on 1st and Rs.36,925 on 7th.
- Silver had a highly profitable week in which it rose by almost Rs.2,000 and didn’t have a single negative session.
Week 2 (8th to 14th)
- The second week was again profitable for silver.
- Rates were Rs.36,950 on 8th and Rs.38,525 on 14th.
- Silver started out weakly, losing some value till 11th before rallying on 12th and stabilizing on 13th and 14th.
Week 3 (15th to 21th)
- Silver was gainful in third week also, albeit the gains were less than the first 2 weeks.
- Prices were Rs.37,220 on 15th and Rs.37,930 on 21st.
- Silver was mostly stable over the week with no substantial rises or gains as it closed the week Rs.710 higher.
Week 4 (22nd to 29th)
- Silver traded in the negative towards the end of February.
- Prices were Rs.37,615 on 22nd and Rs.36,295 on 29th.
- Silver lost value on all days of the week before stabilizing towards the end at Rs.36,295.
Silver as an investment
Silver, also known as ‘poor man’s gold’, is in demand in the city of Guwahati given that the white precious metal is within the reach of many small investors (10 grams of silver coin is pegged at Rs.340 as of December 2015). Silver is viewed as a safe hedge against overall inflation in the country and economic uncertainty. Many consumers in Guwahati consider sterling grade silver as a robust form of investment in the long term. Sterling grade, also known as grade 925, consists of 92.5% silver and 7.5% copper.
Physical silver: Many consumers in Guwahati buy silver coins and bars which are the most preferred and conventional form of investment. Silver is also widely sought in the form of ornate silverware in addition to various traditional ornaments. There are several major jewellery stores across the city of Guwahati which sell different kinds of silver articles from decorative artefacts to items used for ritualistic purposes. Specially designed pieces of jewellery such as anklets, toe-rings, necklaces and bracelets among many others are also in demand.
Silver contracts: Silver is traded in National Multi Commodity Exchange (NMCE), Multi Commodity Exchange (MCX) and National Commodity & Derivatives Exchange (NCDEX). SILVERM (silver mini) and SILVER (1000) are traded in units of 5 kg while Silver micro (SILVERMIC) is traded in 1 kg (unit). SILVERHEDG is traded in units of 30 kg. The base value of Silver mini, Silver micro and Silver 1000 is 1 kg while the maximum order size is 600 kg with purity grade 999.
Silver rate in Guwahati
The rate of silver in Guwahati depends on various national and international economic factors. The price of 1 kg of silver was pegged at Rs.40185 in January 2015. The rate of silver decreased by -3.5% to Rs.38768 in the month of February. The slide continued in the following months of March and April when price of the white precious metal fell by -4.5% and -1% to Rs. 37413 and Rs.37000 respectively. The price of silver decreased further in the latter part of 2015 barring a mini rally in the month of May when it rose marginally by 3.5% to Rs.38321. The price of the precious metal, however, plummeted in the month of June when it was pegged at Rs.37955. The rate of silver fell by -5.1% to Rs.36019 in the month of July and continued to decrease further in the following months of August and September to Rs.35978. Barring minor fluctuations, the price of silver hovered around Rs.35,234 in the month of October but fell by -3.2% to Rs.34100 in November. 1 kg of silver was pegged at Rs.34343 in December.
Also Check Silver Price in NearBy Cities of Guwahati
|Silver Rate in Kolkata||Silver Rate in Patna||Silver Rate in Ranchi|
|Also Know: Gold Rate in Guwahati|
Read more on Silver
- Silver – Poor Man’s Gold
- Silver Bars and Silver Coins
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- Why Should You Invest in Silver?
- Are Long Term Silver Investments a Good Idea?
News About Guwahati Silver Rate
Volatility in Gold scares away Indian buyers
The yellow metal had a really good start this year, in fact it has been the best in three decades and global investors have piled on gold as a safe haven from the financial turmoil in 2016. But the buyers in India have not been so enthusiastic about investing in the yellow metal. Buyers usually shy away from investing in gold when it is volatile. Bullion rose by 19% to %1,263.48 an ounce this year after the indication by Federal Reserve that it might delay further interest rate increases.
17th February 2016