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 September 2018 (rates per gram)

Parameters	Silver price (per kg)
September 1 Rate	Rs.40,000 per kg
September 30 Rate	Rs.41,200 per kg
Highest Rate in September	Rs.41,200 per kg on 29 and 30 September
Lowest Rate in September	Rs.39,500 per kg on 5, 7, 15-16 September
Overall Monthly Performance	Incline
Percentage Change	3%

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

Parameters	Silver price (per kg)
August 1 Rate	Rs.41,400 per kg
August 31 Rate	Rs.40,300 per kg
Highest Rate in August	Rs.41,400 per kg on 1 and 9 August
Lowest Rate in August	Rs.39,800 per kg on 24 August
Overall Monthly Performance	Decline
Percentage Change	-2.65%

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)

Parameters	Silver price (per kg)
July 1 Rate	Rs.42,800 per kg
July 31 Rate	Rs.41,400 per kg
Highest Rate in July	Rs.42,900 per kg from 9 - 10 July
Lowest Rate in July	Rs.41,200 per kg from 28 - 29 July
Overall Monthly Performance	Decrease
Percentage Change	-3.27%

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)

Parameters	Silver price (per kg)
June 1 Rate	Rs.42,800 per kg
June 30 Rate	Rs.42,800 per kg
Highest Rate in June	Rs.45,000 per kg on 15 June
Lowest Rate in June	Rs.42,600 per kg from 2- 5 June
Overall Monthly Performance	Stable
Percentage Change	0.00%

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)

Parameters	Silver price (per kg)
May 1 Rate	Rs.42,000 per kg
May 31 Rate	Rs.43,100 per kg
Highest Rate in May	Rs.43,800 per kg on 25 May
Lowest Rate in May	Rs.42,000 per kg on 1 May
Overall Monthly Performance	Incline
Percentage Change	2.61%

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)

Parameters	Silver price (per kg)
April 1 Rate	Rs.41,400 per kg
April 30 Rate	Rs.42,300 per kg
Highest Rate in April	Rs.43,800 per kg on 20 and 22 April
Lowest Rate in April	Rs.41,000 per kg on 5 April
Overall Monthly Performance	Incline
Percentage Change	2.17%

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)

Parameters	Silver price (per kg)
March 1 Rate	Rs.41,100 per kg
March 31 Rate	Rs.41,400 per kg
Highest Rate in March	Rs.41,900 per kg on 7 March
Lowest Rate in March	Rs.41,000 per kg on 19 and 21 March
Overall Monthly Performance	Incline
Percentage Change	0.72%

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)

Parameters	Silver price (per kg)
Silver Rate on 1st February 2018	Rs.42,600 per kg
Silver Rate on 28th February 2018	Rs.41,200 per kg
Highest Rate in February	Rs.42,600 per kg on 1 and 2 February
Lowest Rate in February	Rs.40,600 per gram on 10 and 11 February
Overall Monthly Performance	Decline
Percentage Change	-3.28%

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

Parameters	Silver price (per kg)
Silver rate on 1st January 2018	Rs.38,925 per kg
Silver rate on 31st January 2018	Rs.42,200 per kg
Highest Rate in January	Rs.42,700 per kg on 29 January
Lowest Rate in January	Rs.38,925 per kg on 1, 2 and 10 January
Overall Monthly Performance	Incline
Percentage Change	8.41%

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.

Trend of Silver Rate in Guwahati for December 2017 (rates per kg)

Parameters	Silver price (per kg)
Silver Rate on 1st December 2017	Rs.38,230 per kg
Silver Rate on 31st December 2017	Rs.39,265 per kg
Highest Rate in December	Rs.39,365 per kg on 30 and 31 December
Lowest Rate in December	Rs.36,545 per kg on 13 December
Overall Monthly Performance	Incline
Percentage Change	2.70%

December 2017 - Week 1 (1st to 10th)

• Silver was trading at Rs.38,230 per kg on the 1st when the month began in Guwahati.
• Silver price in Guwahati rose to Rs.38,815 per kg on the 2nd after a decline in the US dollar index led to an incline in demand from industries and coin makers.
• With the US Senate having approved the country’s biggest tax reform plan, the dollar began to regain lost ground. This led to silver prices dropping to Rs.38,005 per kg on the 4th before plunging further to Rs.37,965 per kg the following day.
• The 6th saw silver rate in Guwahati rebounding to Rs.38,395 per kg with an increase in industrial demand for the metal.
• The rise in demand, however, couldn’t keep up against the strong US dollar and this led to silver prices dropping to Rs.37,235 per kg on the 7th.
• Poor global cues coupled with reduced demand for the metal saw prices declining further to Rs.36,620 per kg on the 8th.
• When the week ended, the industrial metal was recorded trading slightly higher at Rs.36,715 per kg due to a surge in demand brought about by the weakening of the US dollar.

December 2017 - Week 2 (11th to 17th)

• When trading opened for the second week silver was priced at Rs.36,920 per kg on the 11th with demand slightly improving from the previous week.
• However, silver price in Guwahati dropped to Rs.36,620 per kg the next day before declining to Rs.36,545 per kg on the 13th amid the strengthening US dollar and well-performing equity markets. This was also the lowest recorded monthly figure in the city.
• A decline in the US dollar index after the dollar weakened against other major emerging currencies led to an increase in demand for the white metal. This led to silver rate surging to Rs.38,395 per kg on the 14th.
• The 15th, however, witnessed silver rate in Guwahati plunging to Rs.36,920 per kg as demand for the metal subsided amid the strengthening dollar.
• Prices remained unchanged at Rs.36,920 per kg on the 16th but rebounded to Rs.37,180 per kg on the 17th with the new interest rate hike by the Fed Reserve proving to be unfavourable for the equities market.

December 2017 - Week 3 (18th to 24th)

• Silver was priced at Rs.38,395 per kg when the third week commenced on the 18th.
• However, the 19th saw silver rate in Guwahati declining to Rs.37,600 per kg with the US dollar gaining against other major emerging currencies and the well-performing equities market.
• Silver prices fluctuated for much of the week due to the unevenly performing US dollar and vagaries in demand for the industrial metal.
• On the 20th, the white metal was recorded trading at Rs.39,395 per kg which plunged to Rs.37,705 per kg on the 21st with a steep decline in demand by industrial units and coin makers against the strong US dollar index.
• The next couple of days saw the metal prices varying significantly amid the uneven global cues that influenced demand for the industrial metal. Silver was priced at Rs.38,395 per kg on the 22nd before dropping to Rs.37,965 per kg on the 23rd.
• The week ended with the white metal prices stabilising at Rs.38,395 per kg on the 24th amid the positive trends overseas.

December 2017 - Week 4 (25th to 31st)

• The last week commenced with silver holding steady at Rs.38,395 per kg on the 25th with steady demand by industrial units and coin manufacturers.
• Silver rate in Guwahati plunged to Rs.38,005 per kg on the 26th before rebounding to Rs.38,275 per kg the following day due to an increase in global demand brought about by the weakened US dollar.
• The weak US dollar index coupled with a poorly performing equities market led to silver prices rising to Rs.38,815 per kg and Rs.39,265 per kg on the 29th and the 30th respectively.
• Strong investor sentiments brought about the positive trends overseas led to silver prices in Guwahati holding steady at Rs.39,265 per kg on the 31st.
• Strong demand coupled with positive global cues resulted in Guwahati recording an incline of 2.70% in silver prices during the course of the month.

Trend of Silver Rate in Guwahati for November 2017 (rates per kg)

Parameters	Silver price (per kg)
Silver rate on 1st November 2017	Rs.38,995 per kg
Silver rate on 30th November 2017	Rs.38,640 per kg
Highest Rate in November 2017	Rs.40,520 per kg on 18 and 19 November
Lowest Rate in November 2017	Rs.38,640 per kg on 30 November
Overall Monthly Performance	Decline
Percentage Change	0.91%

November 2017 - Week 1 (1st to 5th):

• When trading commenced for the month of November, silver was priced at Rs.38,995 per kg on the 1st.
• A sudden increase in domestic demand ahead of the festive season led to Silver rate in Guwahati surging to Rs.39,950 per kg on the 2nd.
• A weakened dollar coupled with poorly performing equities resulted in Silver price in Guwahati remaining high for much of the week.
• Steady demand coupled with positive trends overseas led to silver trading steady at Rs.39,355 per kg on the 4th and the 5th.

November 2017 - Week 2 (6th to 12th):

• The second week opened with the industrial metal priced at Rs.39,355 per kg on the 6th after steady industrial demand from the previous week.
• Demand for the safe-haven metal surged after the surprise arrests of the Saudi diplomats in the Middle East leading to political uncertainty. This led to Silver rate in Guwahati surging to Rs.40,040 per kg on the 7th.
• Steady demand coupled with positive global trends led to Silver price in Guwahati remaining unchanged at Rs.40,040 per kg on the next couple of days.
• The 10th, however, witnessed prices declining to Rs.39,970 per kg after world markets recovered from the initial downfall.
• Despite the weak overseas trends, domestic demand for the metal remained steady from industrial units and coin manufacturers. This led to rates remaining untouched at Rs.39,970 per kg until the 12th.

November 2017 - Week 3 (13th to 19th):

• The week commenced with the white metal priced at Rs.39870 per gram on the 13th.
• Prices surged to Rs.40,140 per kg on the 14th after the UK markets tumbled following the Brexit fallout.
• The increase in safe-haven demand led to Silver rate in Guwahati rising during the week and the industrial metal was recorded trading at Rs.40,240 per kg the next day.
• Though prices remained unchanged at Rs.40,240 per kg on the 16th, silver rates declined to Rs.40,040 per kg on the 17th as the dollar gained against other apex currencies.
• With the geopolitical crisis in the Korean peninsula and the United States intensifying, investors gravitated towards safe-haven assets such as silver. This led to Silver rate in Guwahati surging to Rs.40,520 per kg on the 18th.
• Steady global as well as domestic demand from industries and coin manufacturers led to silver rates holding steady at Rs.40,520 per kg for the rest of the week.

November 2017 - Week 4 (20th to 26th):

• The fourth week opened with silver trading at Rs.40,440 per kg on the 20th with world markets stabilising after the previous week’s downfall.
• The US dollar strengthened against a basket of other major emerging currencies amid firm equities market. This led to Silver rate in Guwahati declining to Rs.39,780 per kg on the 21st which plunged further to Rs.39,265 per kg on the 22nd.
• With tensions rising between the US and North Korea, safe-haven demand rose for the white metal pushing prices back to Rs.40,060 per kg on the 23rd.
• The week concluded on the 26th with silver holding at Rs.39,780 per kg on the 26th owing to steady demand from industrial units and coin makers.

November 2017 - Week 5 (27th to 30th):

• Poor local demand coupled with weak trends overseas led to Silver rate in Guwahati declining significantly during the week.
• When the weak commenced, silver was recorded trading at Rs.39,780 per kg on the 27th.
• Silver price in Guwahati plunged to Rs.39,680 per kg on the 28th after demand from industries and coin makers dropped during the week.
• Poor global trends coupled with reduced domestic demand led to silver being priced at Rs.38,640 per kg when the month concluded.
• Guwahati registered a loss of 0.91% in silver trade during the month owing to a poorly performing dollar coupled with weak trends overseas.

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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Silver Rate in Patna

Silver Rate in Ranchi

Also Know: Gold Rate in Guwahati