Silver Rate in Guwahati

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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 November 2019 (rates per kg)

Trend of Silver Rate in Guwahati for October 2019 (rates per kg)

• Silver rates in Guwahati were low at the starting of the month at Rs.47,000 per kg with the US-China trade war causing uncertainties to boost the dollar. This was also the lowest rate in October.
• Prices climbed to Rs.50,400 per kg on 26 and 27 October as stocks were positively impacted by the strengthening of the dollar and rise of equity markets as the US stated it was close to a trade pact with China.
• Silver prices were at Rs.50,000 per kg by the end of the month with a steady incline of 5.4% as the uncertainty around the US-China deal resulted in the metal becoming a more attractive and safe investment.

Trend of Silver Rate in Guwahati for September 2019 (rates per kg)

Trend of Silver Rate in Guwahati for August 2019 (rates per kg)

Trend of Silver Rate in Guwahati for July 2019 (rates per kg)

Trend of Silver Rate in Guwahati for June 2019 (rates per kg)

• Silver Rate in Guwahati for June 2019 opened at Rs.39,400 per kg. Due to rise in industrial and retail demand, the white metal was seen trending at Rs.39,900 per kg on June.
• Due to the rising tension due to trade war between China and the US price of silver went as high as Rs.40,100 per kg on June 16.
• Silver rate stood at Rs.41,500 per kg on June 21 and it was the highest rate for the month of June.
• An overall incline of 3.55% was recorded for silver rates and it closed at Rs.39,400 per kg.

Trend of Silver Rate in Guwahati for May 2019 (rates per kg)

• Silver prices in Guwahati dropped on weak overseas offtake and declining local industrial interest after opening at a steady Rs.40,500 per kg.
• Positive U.S. jobs data as well as a rising U.S. dollar rate capped gains from industrial orders, while local demand waned due to the rising import costs, resulting in the precious metal trading at Rs.40,200 per kg on 7 May.
• Prices fell steadily as overseas industrial interest declined, despite the Sino-U.S. trade dispute weighing on equity markets as silver traded at Rs.40,000 per kg on 13 May.
• Marginal increases in local offtake failed to boost prices as the white metal traded at Rs.39,200 per kg on 20 May before ending the month marginally higher at Rs.39,400 per kg to record an overall decline of 2.71% in value.

Trend of Silver Rate in Guwahati for April 2019 (rates per kg)

Trend of Silver Rate in Guwahati for March 2019 (rates per kg)

• Opening at Rs.42,700, the price of silver in Guwahati decreased since late in February as the U.S. Dollar recovered in the global market. Silver prices saw a downward trend through the month due to the fluctuating value of rupee and steady demand amongst local coin makers.
• After a slight increase in the first week due to recession talks surrounding the U.S. economy, silver prices decreased yet again by the middle of the month, touching the Rs.41,000 per kg mark.
• Global factors such as the rise in the interest rate in the United Kingdom, decreased demand for the bullion, and an increase in the value of the dollar resulted in the constant fluctuation of silver prices in the country and in Guwahati.
• However, the metal touched the monthly low on 29 March at Rs.40,200 per kg and finally closed the month of March at Rs.40,600 per kg on 31 March. This resulted in a percentage decline of the metal by 4.91.

Trend of Silver Rate in Guwahati for February 2019 (rates per kg)

• Conflicting overseas cues impacted local offtake as silver prices fluctuated after opening at Rs.43,900 per kg on 1 February, with an initial surge in demand boosting prices to Rs.44,100 per kg on 5 February.
• Fears over the impact of Brexit on economic growth and a volatile dollar kept prices stable but a drop in local retail demand saw silver fall to Rs.42,800 per kg on 12 February.
• Industrial demand was stable but poor offtake from Asia saw silver prices stagnate before a sudden drop in the dollar rate saw prices rise to Rs.44,000 per kg on 20 February.
• Demand from investors dropped after positive economic data as silver fell to Rs.43,500 per kg on 25 February and sluggish local demand dented prices as silver closed at Rs.43,300 per kg on 28 February to record a 1.36% loss in value.

Trend of Silver Rate in Guwahati for January 2019 (rates per kg)

• The price of silver in Guwahati opened at Rs.41,500 per kg. During this time, weak overseas cues were recorded. However, steady demand from coin makers boosted prices as the metal traded at Rs.42,400 per kg on 9 January.
• Market volatility and a fluctuating dollar resulted in higher offtake from local industrial units, with retail demand also rising due to the wedding season, silver traded at Rs.42,900 per kg on 17 January.
• Prices dipped as Asian industrial demand continued to fall due to trade sanctions on China which impacted local demand as well, as silver dropped to Rs.42,100 per kg on 25 January.
• An increase in investor interest resulted in a spurt in silver rates as the month ended, with the industrial metal trading at Rs.43,900 per kg on steady retail demand.

Trend of Silver Rate in Guwahati for December 2018 (rates per gram)

Silver rate trend in Guwahati in December 2018:

• Silver opened at an increased rate in the month of December, showing an upward trend throughout the month.
• On 1 December, the metal opened at Rs.38,500 per kg increasing to Rs.41,900 per kg by the middle of the month.
• With the positive global trends of silver along with the falling of markets, the demand for silver increased in the country ahead of the wedding season. The rupee gaining against the dollar also contributed to increased silver rates.
• On 31 December, silver closed the month with a percentage incline of 7.79.

Trend of Silver Rate in Guwahati for November 2018 (rates per kg)

Silver Rate Trend in Guwahati for November 2018:

• When trading commenced for the month in Guwahati, silver rates were recorded holding at Rs.40,900 per kg on the 1st with steady demand from domestic industries and coin manufacturers. Thanks to an increase in local demand ahead of the festive season, prices surged to a monthly high of Rs.41,500 per kg on the 2nd and continued holding at the same rate for the next few days.
• However, with the US dollar dominating against a basket of other major currencies at the international level, demand for the metal dropped with investors and market participants gravitating towards the equity markets and silver was priced at Rs.40,000 per kg on the 12th.
• Weak global cues coupled with capped demand led to silver rates dropping further during the month and the white metal was recorded hovering around the Rs.40,000 per kg mark over the third week.
• With global as well as domestic demand on the decline amid the rallying dollar and rising stocks, silver rate in Guwahati finished at a monthly low of Rs.38,800 per kg on the 30th, registering 5.13% decline in prices during the month.

Trend of Silver Rate in Guwahati for October 2018 (rates per gram)

October 2018 - Week 1 (1 - 7):

• The month began with silver rate in Guwahati holding at Rs.41,100 per kg on the 1st with industrial demand on the rise amid the favourable market cues overseas.
• Rates surged to Rs.42,000 per kg - the highest recorded monthly figure - on the 3rd, thanks to strong domestic demand from local industries and coin makers amid positive global cues.
• When trading concluded for the week, the white metal was priced at Rs.41,900 per kg on the 7th, recording an Rs.800 per kg increase in silver prices during the week.

October 2018 - Week 2 (8 - 14):

• Trading opened for the second week with silver priced at Rs.41,500 per kg on the 8th with subdued but steady demand from industries and coin manufacturers amid the strengthening US dollar and equities.
• Strong dollar performances coupled with poor demand led to silver price in Guwahati dropping further to Rs.41,200 per kg on the 9th.
• However, an increase in demand from industries towards the end of the week led to silver closing at Rs.41,500 per kg on the 14th.

October 2018 - Week 3 (15 - 21):

• The third week began with silver trading at Rs.41,900 per kg on the 15th after a significant drop in the US dollar value led to domestic prices picking up over the weekend.
• However, with the greenback regaining lost ground amid the recovering equity markets, demand for the metal declined and silver was recorded trading at Rs.41,400 per kg on the 17th.
• The week progressed with the white metal prices recovering to Rs.41,900 per kg on the 19th before a drop in demand brought about by the strengthened US dollar led to rates plummeting to Rs.41,400 per kg on the last day.

October 2018 - Week 4 (22 - 28):

• The week commenced with silver in Guwahati priced at Rs.41,500 per kg on the 22nd with domestic markets picking up pace amid the losing dollar value.
• The highly volatile markets coupled with the fluctuating rupee-dollar dynamic led to silver rates surging to Rs.41,900 per kg on the 24th.
• The week came to an end with the white metal priced at Rs.41,700 per kg on the 18th with subdued but steady demand from local industrial units and coin makers.

October 2018 - Week 5 (29 - 31):

• The final week began with the industrial metal priced at Rs.41,600 per kg on the 29th after a slight increase in the dollar value led to prices dropping by Rs.100 per kg from the previous week.
• Trading concluded for the month with the silver price in Guwahati holding at Rs.41,200 per kg on the 31st with poor demand for the metal amid the strengthening US dollar index and well-performing US dollar.
• Guwahati registered an incline of 0.24% in silver rates during the course of the month.

Trend of Silver Rate in Guwahati for September 2018 (rates per gram)

September 2018- Week 1 (1-8)

• When trading for silver commenced on 1st September, silver was priced at Rs.40,000 per kg and the local and international demand for the metal was stable.
• Though silver price marginally inclined on 2nd and traded at Rs.40,100 per kg, it quickly declined due to poor demand and recorded a monthly low of Rs.39,500 per kg from 5th to 7th September.
• On the other hand, investors turned towards safe-haven assets as the stock market was negatively affected due to the ongoing trade was tension which caused silver rates in Guwahati to incline and close at Rs.39,700 per kg.

September 2018- Week 2 (9-15)

• Silver continued to trade at Rs.39,700 per kg on 9th September amid steady demand.
• During the second week of September, the value of the US dollar fell against a basket of apex currencies which caused silver rates to incline and trade at Rs.39,900 per kg from 11 to 13 of the month before falling to Rs.39,800 per kg on the 14 due to poor demand.
• The US inflation data was released and the value of the US dollar fell further compared to other apex currencies which caused silver rates to incline to Rs.39,800 per kg on 14 before closing at Rs.39,500 per kg on 15.

September 2018- Week 3 (16-22)

• The demand for the metal remained unaffected and silver continued to be sold at Rs.39,500 per kg on 16 September in Guwahati.
• However, silver rates inclined during the week and traded at Rs.39,700 per kg, Rs.39,800 per kg, and Rs.40,000 per kg on 17, 18, and 19 September respectively.
• As the stock market was affected negatively due to the ongoing global trade tensions, silver rates further inclined and traded at Rs.40,100 per kg on 20 and 21 September before closing at Rs.40,300 per kg on the 22.

September 2018- Week 4 (23-30)

• On 23 September, the metal continued to trade at Rs.40,300 per kg before dipping to Rs.40,000 per kg on 24 due to poor retail demand.
• Silver prices managed bounced back and the price of the metal surged to R.40,200 per kg on 25 and further inclined to Rs.40,800 per kg on 26 September.
• On 29 and 30 September, silver rates inclined and hit a monthly high of Rs.41,200 per kg and recorded an overall incline of 3% for the month.

Trend of Silver Rate in Guwahati for August 2018 (rates per gram)

August 2018 - Week 1 (1 - 5):

• Silver traded at Rs.41,400 per kg on 1 August 2018 in Guwahati. This was also the highest recorded silver rate in Guwahati in this month.
• As the demand for the metal from local coin makers and jewellers fell, the price of metal fell by Rs.300 on 2 August and traded at Rs.41,100 per kg.
• After remaining stable for one day, silver prices rose by Rs.200 per kg as the demand picked up on 4 August.
• The month ended with the metal trading at Rs.41,300 per kg on 5 August.

August 2018 - Week 2 (6 - 12):

• As the industrial offtake of the metal was on the decline, silver prices also declined in the second week of August.
• When trading commenced, silver opened at Rs.41,300 per kg on 6 August.
• Meanwhile, positive report on the U.S economy strengthened the US dollar which caused the price of the metal in Guwahati to decline on 7 August. On this day, the precious metal traded at Rs.41,200 per kg.
• A small hike in prices was noted on 9 August when the metal traded at Rs.41,400 per kg. On this day, the metal recorded the highest rate in Guwahati for the month of August yet again.
• As the demand for silver fell sharply, silver prices quickly fell on 10 August and traded at Rs.41,100 per kg. Throughout the week, demand for the metal played a huge role in determining silver prices in Guwahati.
• A small hike in silver prices was noted on the last two days of the week when the metal traded at Rs.41,200 per kg.

August 2018 - Week 3 (13 - 19):

• Silver continued to trade at Rs.41,200 per kg when the week started on 13 August.
• A sharp fall in silver prices was noted on 14 August when the price of the metal fell significantly and traded at Rs.40,900 per kg.
• As the US unemployment data was released, it looked positive for the US economy. Therefore, the value of the US dollar increased. This negatively affected silver prices in Guwahati.
• Though silver prices in Guwahati increased and traded at Rs.41,100 per kg on 15 August, it quickly fell to Rs.39,900 per kg on 16 August due to weak overseas trends and muted domestic demand.
• Silver traded at Rs.40,000 per kg from 17 to 19 August.

August 2018 - Week 4 (20 - 26):

• The fourth week began with silver trading at Rs.40,000 per kg.
• After remaining steady for one day, silver prices in Guwahati increased by Rs.100 per kg and traded at Rs.40,100 on 22 August.
• However, as the value of the US dollar increased further, silver prices in Guwahati fell drastically and traded at Rs.39,900 on 23 August.
• As the local demand for the metal also fell, the lowest silver rate for the month of August in Guwahati was recorded on 24 August when the metal traded at Rs.39,800 per kg.
• The price of the metal managed to pick up during the last few days of the week and closed at Rs.40,200 per kg on 26 August.

August 2018 - Week 5 (27 - 31):

• The metal continued to trade at Rs.40,200 per kg due to steady industrial demand for the metal in Guwahati.
• As the demand for the metal picked up on 28 August, silver was sold at Rs.40,400 per kg.
• As the value of the US dollar started recovering, silver prices fell marginally during the last two days of the month and closed at Rs.40,300 per kg.
• Overall, the silver rates in Guwahati fell by 2.65% in the month of August.

Trend of Silver Rate in Guwahati for July 2018 (rates per kg)

July 2018- Week 1 (1-10)

• Silver rates for the month of July commenced at Rs.42,800 per kg in Guwahati.
• Though silver prices remained stable for one day, on 3 July, a dip in silver rates was noted. The decline can be associated with the drop in industrial demand. On this day, the price in the city declined to Rs.42,400 per kg.
• On the following days, the price of the metal rose marginally in Guwahati to Rs.42,800 per kg. However, the local industrial offtake had been fluctuating.
• At the end of the first week of July, the silver rate rose to Rs.42,900 per kg on the 9 - 10 July. This was the highest silver price recorded in the month of July in Guwahati.
• The increase in silver prices during the last few days can be linked to the positive market trends and the declining dollar value with relation to other currencies.

July 2018- Week 2 (11-17)

• The second week of July began with the silver price dropping by Rs.300 per kg to Rs.42,600 per kg. The drop in the silver rate was caused due to the poor demand for the metal.
• As the industrial demand for silver in Guwahati reduced further, the metal was traded at Rs.42,200 per kg from 12 - 14 July.
• The price of the metal increased by Rs.100 per kg and stood at Rs.42,300 per kg on 16 July. Industrial demand for the metal then stabilised and silver price in Guwahati stabilised as well.
• On 17 July, the end of week 2, the price of silver in Guwahati was recorded at Rs.42,100 per kg.

July 2018- Week 3 (18 - 24)

• A decline in silver prices in Guwahati was noted when week 3 began. The price of the metal dropped to Rs.41,700 per kg. This was the price as recorded on 18 July. Again poor demand from industrial units led to a fall in silver prices.
• On 20 July, silver rates fell further by Rs.400 per kg and traded at Rs.41,300 per kg as the dollar value in comparison with other currencies rose.
• Demand for the metal increased in the following few days which led to the increment in the silver rate. The price of silver in Guwahati on 21 - 22 July stood at Rs.41,700 per kg.
• The price of the metal then declined towards the end of the week in Guwahati as it stood at Rs.41,400 per kg on 24 July.

July 2018- Week 4 (25 - 31)

• Steady industrial demand for the metal caused the price of silver to rise to Rs.41,500 per kg on 25 July.
• Also, due to the decline of dollar value, silver prices spiked on 26 July to Rs.41,800 per kg. However, demand for the metal dropped which naturally caused the decline in silver prices over the next few days.
• As on 28 - 29 July, the price of silver stood at Rs.41,200 per kg. This was the lowest silver rate recorded for the month of July in Guwahati.
• By the end of the month, the price of silver increased as dollar rates dropped slightly. The metal stood at Rs.41,400 per kg on 30 - 31 July.

Trend of Silver Rate in Guwahati for June 2018 (rates per kg)

June 2018- Week 1 (1-10)

• Silver price in Guwahati showed signs of volatility, with the metal opening the week at Rs.42,800 per kg on stable demand from industrial units.
• The recent rally by the dollar ahead of the summit between the United States and North Korea caused some turbulence on the commodity exchanges, as silver prices fell to Rs.42,600 per kg on 2 June.
• Local industrial offtake fluctuate based on the dollar rate, as the rupee fell heavily against the dollar for most of the week.
• Prices were stable for the remainder of the week, as investor sentiment moved towards bullion, as silver ended the week priced at Rs.43,700 per kg on 10 June.

June 2018- Week 2 (11-17)

• The positive market trend continued in spite of the dollar gaining on other currencies, as silver opened the second week priced at Rs.43,900 per kg on 11 June.
• Industrial offtake kept prices stable, as both local as well as overseas industrial units increased order volumes ahead of a possible trade war.
• Silver price in Guwahati jumped to Rs.44,000 per kg on 12 June before surging to Rs.45,000 per kg on 15 June on sharp dips in the dollar rate.
• The fear of a global trade war led to renewed pressure on the dollar as investors looked to bullion as a safe haven.
• Prices stabilised towards the end of the week, with silver trading at Rs.44,300 per kg on 17 June.

June 2018- Week 3 (18-24)

• Silver in Guwahati was priced at Rs.43,400 per kg on 18 June as prices fluctuated following the rapid drop in the dollar rate last week.
• Demand for bullion was on the decline as equity markets recovered amidst positive investor sentiment, with industrial offtake falling steadily.
• Silver price in Guwahati fell to Rs.42,900 per kg on 21 June as investors looked to short sell bullion, which affected silver sales as well.
• The continued drop in demand for silver from industrial units led to stagnating sales locally, though overseas demand kept pace with previous sessions.
• There was some fluctuation in prices towards the end of the week, though silver did not see much change in price.

June 2018- Week 4 (25-30)

• The last week of June saw silver price in Guwahati decline steadily due to poor demand from industrial units, resulting in silver prices dropping steadily.
• The industrial metal was priced at Rs.43,200 per kg when trading opened on 25 June, with local coin makers reducing offtake due to the rising dollar rate.
• Stable local equity markets coupled with overseas trends led to silver prices falling to Rs.43,100 per kg on 26 June.
• The Federal Reserve meeting and a possible interest rate hike led to increased pressure on bullion, as silver rate in Guwahati tumbled to Rs.42,800 per kg on 29 June.
• There was no change in price as the month ended, with silver remaining unchanged from the month’s opening price.

Trend of Silver Rate in Guwahati for May 2018 (rates per kg of silver)

May 2018- Week 1 (1st - 6th)

• The month began with silver priced at Rs.42,000 per kg in Guwahati as demand for silver was stable as a result of steady orders from industrial units.
• Political conditions such as the impending trade wars between the U.S., and China as well as the U.S.-North Korea tensions led to equity markets performing poorly, which led to higher demand for safe-haven assets like bullion.
• Silver price in Guwahati rose to Rs.42,600 per kg on 3 May before declining orders led to a marginal drop in prices.
• A rise in the dollar rate as well as stable economic markets locally led to silver prices falling to Rs.41,100 per kg on 6 May.

May 2018- Week 2 (7th - 13th)

• The second week saw demand for silver rise marginally due to wildly fluctuating equity markets and currency markets.
• The week began with silver trading at Rs.43,200 per kg on 7 May due to steady demand from industrial as well as retail sectors.
• Tensions between the U.S. and North Korea dominated equity market predictions and led to profit-booking by some investors.
• Demand rose in spite of a steady dollar ahead for talks between the United States and North Korea, which also had Asian stocks trading high.
• Local demand was steady but demand vagaries led to the industrial metal trading at Rs.43,600 per kg on 13 May.

May 2018- Week 3 (14th - 20th)

• Prices rose to Rs.43,600 per kg as the third week began as investors assessed the impact of the upcoming summit between the U.S. and North Korea.
• Overseas demand for the industrial metal was quite high as markets were low and the dollar rate was poor, resulting in increased demand for bullion.
• Silver fell to to Rs.43,000 per kg on 16 May as local industrial demand increased on positive market cues and futures buying.
• Silver price in Guwahati were high for most of the week as international cues bolstered local demand and kept prices steady.
• A slight dip in price was recorded towards the end of the week as the dollar rate began to recover and equity markets also made some gains.
• Silver ended the week priced at Rs.43,100 per kg on 20 May.

May 2018- Week 4 (21st - 27th)

• Demand for silver was steady but there was a drop in the industrial metal’s value over the fourth week of May.
• The outcome of the Fed Reserve meeting and U.S. industrial data due to be released led to investors being more bullish as interest in bullion fell.
• Silver opened the week at Rs.43,100 per kg on 20 May after an early rally but silver price in Guwahati dropped on poor demand for the rest of the week.
• As tensions between China and the U.S. appeared to be easing, equity markets and the dollar rose, leading to lower imports of silver.
• Prices rose to Rs.43,500 per kg on 23 May before continuing to rise on positive demand cues

May 2018- Week 5 (28th-31st)

• The last week of May saw demand for the industrial metal on the decline due to lower investor interest in bullion ahead of the much anticipated North Korea- U.S. summit.
• Silver opened the week at Rs.43,000 per kg on 28 May before prices dropped to Rs.42,900 per kg on 30 May.
• Poor local demand also contributed to the drop in price, though silver recovered marginally to end the month at Rs.43,100 per kg.

Trend of Silver Rate in Guwahati for April 2018 (rates per kg)

April 2018- Week 1 (1st - 7th)

• The price of silver rose for most of the first week in Guwahati on strong global cues as well as increased local demand.
• Silver was priced at Rs.41,400 per kg amidst strong demand from industrial units and coin makers alike.
• Market turbulence and lack of overseas interest led investors to invest in bullion due to declining returns from equities, which fuelled a rise in price.
• Prices rose to Rs.41,600 per kg on 3 April before falling to Rs.41,000 per kg on 5 April due to a minor dip in local demand.
• The week ended with silver priced at Rs.41,200 per kg on 7 April after a slight increase in price.

April 2018- Week 2 (8th - 15th)

• The second week of April saw silver prices remain more or less constant at the start of the week before favourable market conditions led to a rise in price.
• The industrial metal opened the week at Rs.41,200 per kg on 8 April due to stagnant local demand, though international demand remained steady.
• Escalating trade tensions between the United States and China led to further market turbulence which kept demand for bullion high.
• Silver prices rose to Rs.42,000 per kg on 12 April after news of a chemical attack in Syria, though prices normalised over the next few days.
• The week ended with silver priced at Rs.41,900 per kg on 15 April.

April 2018- Week 3 (16th - 22nd)

• Political uncertainty along with renewed fears of a global trade war led to equity markets performing poorly as bullion demand grew.
• Silver traded at Rs.42,100 per kg on 16 April as local demand was steady due to a weak U.S. Dollar and favourable cues.
• Prices rose to Rs.43,800 per kg on 20 April as global equity markets analysed the consequences of a U.S.-led airstrike on Syria, fuelling higher demand for bullion.
• Rising interest from Asian industry due to favourable market conditions also kept global demand for silver high and helped keep local prices steady.
• The week ended with silver prices at Rs.43,800 per kg on 22 April due to consistent demand.

April 2018- Week 4 (23rd - 30th)

• Demand for silver fell marginally in the last week of April as the dollar rose amidst recovering equity markets which resulted in fewer orders from local industry.
• The industrial metal opened the week at Rs.43,700 per kg on 23 April before dropping to Rs.43,000 per kg on 24 April due to falling demand.
• Investors awaited the minutes of the Fed Reserve meeting and Sino-U.S. trade talk results, further reducing interest in bullion.
• Prices fell to Rs.42,800 per kg on 27 April as coin makers reduced offtake due to higher import costs associated with a strengthening dollar.
• Silver prices were steady before ending the month at Rs.42,300 per kg on 30 April to register a gain of 2.17%.

Trend of Silver Rate in Guwahati for March 2018 (rates per kg)

March 2018 - Week 1 (1st - 4th)

• Silver was priced at Rs.41,100 per kg when trading began in Guwahati for the month of March.
• Prices began on a slightly stronger note, thanks to a strong demand from industries and coin makers alike.
• The 2nd saw silver rates rise to Rs.41,400 per kg before rising further to Rs.41,600 per kg on the 3rd as demand rose while equity markets fell owing to a poor dollar.
• When the week ended, silver prices were recorded at Rs.41,600 per gram as demand was steady.

March 2018 - Week 2 (5th - 11th)

• The second week began with silver opening at Rs.41,700 per kg - a Rs.100 incline from the previous day. This was due to an steady rise in local demand from coin makers and industrial units.
• Prices dropped to Rs.41,400 per kg the next day as the US dollar recovered and demand from precious metals dropped as a result.
• Demand couldn’t be halted for long, though. Rates surged to Rs.41,900 per kg on the 7th as demand surged in the local circles and prices rebounded.
• Over the next few days, however, silver rates in Guwahati dropped as a rise in the US dollar and the subsequent drop in demand helped with this. The metal traded at Rs.41,500 per kg and Rs.41,300 per kg over the 8th and 9th respectively.
• The week drew to a close with prices rising slightly to Rs.41,600 per kg.

March 2018 - Week 3 (12th - 18th)

• The third week opened at Rs.41,600 per kg but dropped to Rs.41,400 per kg on the 13th as demand fell after jobs data showed an improvement.
• On the 14th, silver rates went up to Rs.41,700 per kg as markets fell after US president Donald Trump fired Rex Tillerson, the Secretary of State.
• After the abrupt rise, silver rates dropped to Rs.41,500 per kg on the 15th and fell again to Rs.41,300 per kg on the 16th as markets recovered.
• When trading concluded for this week, silver was trading at Rs.41,100 per kg.

March 2018 - Week 4 (19th - 25th)

• Silver rates were holding at Rs.41,000 per kg - a Rs.100 drop from the previous day’s trading rates.
• This went up to Rs.41,200 per kg on the 20th before falling to Rs.41,100 per kg on the 21st. Rates, though, rose on the 22nd to Rs.41,500 per kg on the 23rd as well as sales rebounded.
• On the 24th, silver prices in Guwahati went up to Rs.41,600 per kg as markets capitalised on a slightly uncertainty over the latest Fed meeting.
• On the final day of the week, silver was still trading at Rs.41,600 per kg.

March 2018 - Week 5 (26th - 31st)

• When the final week’s trading started, silver was priced at Rs.41,600 per kg. This rose to Rs.41,800 per kg on the 27th as a number of issues including the trade war axis between the US and China helped push demand up.
• As demand dropped ahead of weak cues, silver rates went down to Rs.41,500 per kg and fell further as the week progressed.
• When the week and month ended, silver was priced at Rs.41,400 per kg.
• Overall, a 0.72% change in price trends were recorded this month, which could have been higher if not for the fall over the final week.

Trend of Silver Rate in Guwahati for February 2018 (rates per kg)

Trend of Silver Rate in Guwahati for January 2018 (rates per kg)

January 2018 - Week 1 (1st - 7th):

• When trading began in Guwahati, silver was recorded trading at Rs.38,925 per kg on the 1st This was also the lowest recorded monthly figure in the city.
• Thanks to steady demand from local coin makers and industrial units, prices remained untouched at Rs.38,925 per kg the next day.
• Silver rate in Guwahati surged to Rs.39,110 per kg on the 3rd before plunging to Rs.38,995 per kg on the 4th after demand for the metal declined amid the strengthening US dollar.
• However, demand picked up with the dollar index losing against a basket of other emerging currencies towards the end of the week.
• Silver price in Guwahati rose to Rs.39,265 per kg on the 5th which rose further to Rs.39,355 per kg on the 6th following an increase in demand amid the positive trends overseas.
• Steady demand coupled with strong global cues resulted in silver rates remaining untouched at Rs.39,355 per kg for the remainder of the week.

January 2018 - Week 2 (8th - 14th):

• Silver prices were recorded holding steady at Rs.39,355 per kg on the 8th when the week began amid positive overseas trends.
• However, with the US dollar gaining against other apex currencies in the global markets, demand for the metal declined. This led to the metal being priced Rs.39,115 per kg and Rs.38,925 per kg on the 9th and the 10th respectively.
• However, with demand picking up after an increase in offtake by industries and coin makers, silver price in Guwahati surged to Rs.39,110 per kg on the 11th.
• Strong global cues coupled with steady domestic demand resulted in the white metal prices remaining untouched at Rs.39,110 per kg the following day.
• Silver rate in Guwahati rose to Rs.39,265 per kg on the 13th which surged further to Rs.39,355 per kg on the 14th due to a decline in the US dollar index value in the international markets.

January 2018 - Week 3 (15th -21st):

• The third week saw silver prices rising initially before plummeting on poor global cues towards the end of the week.
• Silver was recorded trading relatively higher at Rs.39,680 per kg on the 15th as demand for the metal picked up amid the weakening equities and the US greenback.
• Silver price in Guwahati dropped slightly to Rs.39,670 per kg on the 16th and continued to remain unchanged at the same rate the next day.
• The US dollar, however, regained lost ground and pushed demand lower for the industrial metal. This led to silver being priced at Rs.39,265 per kg on the 18th.
• Though the white metal prices dropped to Rs.39,115 per kg on the 19th, silver rate in Guwahati rebounded to Rs.39,265 per kg on the 20th following an uncharacteristic increase in demand in the domestic markets.
• Steady demand from coin manufacturers and industries despite the weak global cues resulted in the industrial metal being priced at Rs.39,265 per kg for the rest of the week.

January 2018 - Week 4 (22nd -28th):

• Strong safe-haven demand compounded by positive global cues resulted in silver rates rising significantly during the week.
• When trading began for the week, the industrial metal was priced at Rs.39,265 per kg on the 22nd.
• Steady domestic demand from local coin makers and industrial units amid the firm trends overseas resulted in the metal prices holding steady at Rs.39,265 per kg until the 24th.
• The 25th, however, saw silver rate in Guwahati surging to Rs.40,285 per kg on the 25th after investors and traders speculating over possible US government shutdown concerns ramped up safe-haven purchases.
• Thanks to strong global demand amid the strong global cues, silver price in Guwahati remained untouched at Rs.40,285 per kg until the end of the week.

January 2018 - Week 5 (29th - 31st):

• The final week commenced with silver opening on a stronger note with the metal priced at Rs.42,700 per kg - the highest recorded monthly figure- on the 29th with an increased domestic demand brought about the positive trends overseas.
• However, with markets eyeing on the two-day monetary policy meeting at the US Federal Reserve, the US dollar surged.
• The strengthening greenback coupled with firmer equities resulted in silver rate in Guwahati holding steady at Rs.42,200 per kg on the 30th and the 31st.
• Silver price in Guwahati rose by 8.41% owing to the strong trends that pushed rates higher during the month.

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