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  • Silver Rate in Guwahati

    Daily Silver Rates
    Date Silver (1 gram) Bar Silver (1 Kg)
    26 Oct 2016 ₹ 42.9 ₹ 42,900
    25 Oct 2016 ₹ 42.54 ₹ 42,535
    24 Oct 2016 ₹ 42.33 ₹ 42,330
    23 Oct 2016 ₹ 42.13 ₹ 42,130
    22 Oct 2016 ₹ 42.13 ₹ 42,130
    21 Oct 2016 ₹ 42.08 ₹ 42,075
    20 Oct 2016 ₹ 42.49 ₹ 42,490
    19 Oct 2016 ₹ 42.27 ₹ 42,270
    18 Oct 2016 ₹ 42.29 ₹ 42,290
    17 Oct 2016 ₹ 41.97 ₹ 41,970

    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Silver Price in 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 August 2016 (rates per kg)

    Factor August
    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
    Change -8.03%

    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
    Trend Rise
    Change +5.33%

    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
    Overall Performance Rising
    Percentage Change +15.51%

    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
      Overall performance   Loss/Negative
      % Change   -8.27%

    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
    Percentage Change +15.8%

    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
    Overall performance Loss/Negative
    % Change -1.38%

    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 rateRs.34,970
    29th February rateRs.36,295
    Highest rate in FebruaryRs.38,640 on 12th
    Lowest rate in FebruaryRs.34,970 on 1st
    Overall performanceGain/Positive
    % Change+3.79%

    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

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    Also Know: Gold Rate in Guwahati

    Read more on Silver

    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

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