Silver Rate in Hyderabad Today

The silver price in Hyderabad is primarily dependent on local demand, though external factors such as the U.S. dollar rate, global economic climate etc. also influence rates. While predominantly used for industrial purposes, the precious metal is also sought after by the retail sector, where it is bought as jewellery. A more comprehensive guide to silver rate in Hyderabad along with daily rates for both 1 gram as well as 1 kg of silver can be found below.
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  • Today's Silver Rate in Hyderabad( 19 Jan 2022 )

    ₹ 67.3
    Today's Silver Rate per gram

    Compare Silver Rate In Hyderabad (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Silver (1 gram) ₹ 67.3 ₹ 65.8 ₹ 1.5 ↑
    Bar Silver (1 Kg) ₹ 67,300 ₹ 65,800 ₹ 1,500 ↑

    Silver Price In Hyderabad For Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    19 Jan 2022 ₹ 67.3 ₹ 67,300
    18 Jan 2022 ₹ 65.8 ₹ 65,800
    17 Jan 2022 ₹ 65.5 ₹ 65,500
    16 Jan 2022 ₹ 65.5 ₹ 65,500
    15 Jan 2022 ₹ 65.5 ₹ 65,500
    14 Jan 2022 ₹ 66 ₹ 66,000
    13 Jan 2022 ₹ 66 ₹ 66,000
    12 Jan 2022 ₹ 65 ₹ 65,000
    11 Jan 2022 ₹ 64.6 ₹ 64,600
    10 Jan 2022 ₹ 64.3 ₹ 64,300

    Weekly & Monthly Graph of Silver Rate in Hyderabad

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    • 3 Months
    • 6 Months

    *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 Hyderabad

    Silver has been a constant commodity in this historic city. Hyderabad is one of the major cities in the South, and boasts of a large and upwardly mobile middle-class population. The city has some of the best sites dating back to centuries and has been a preferred destination for a wide range of tourists and commercial interests alike. Silver rate in Hyderabad follow the trend of international prices, albeit with the addition of a few local dynamics which also affect silver rates in the city.

    Silver is an intrinsic part of the culture of Hyderabad. The city boasts of a substantial reserve of silver, which is mainly held by private dealers. The city also has a robust precious metals market that offers a range of products and some of the best workmanship in the country.

    Today's Gold Rate in Hyderabad

    Historical Trend of Silver Price in Hyderabad

    Months Lowest Silver Price Per Kg Highest Silver Price Per Kg
    December 2021 64,600 66,300
    November 2021 66,500 71,700
    October 2021 63,700 70,300
    September 2021 63,000 69,600
    August 2021 65,000 73,100
    July 2021 71,400 75,000
    June 2021 72,900 77,500
    May 2021 71,600 78,600
    April 2021 68,500 74,600
    March 2021 68,700 73,600
    February 2021 68,700 78,100
    January 2021 65,900 75,110
    December 2020 64,600 72,300
    November 2020 60,100 68,300
    October 2020 60,210 63,500
    September 2020 58,500 76,500
    August 2020 65,010 76,520
    July 2020 48,510 66,060
    June 2020 47,110 50,160
    May 2020 41,010 51,400
    April 2020 40,360 42,710
    March 2020 37,800 50,700
    February 2020 47,400 52,900
    January 2020 49,200 52,600

    Trend of Silver Rate in Hyderabad for January 2022 (rates per kg)

    Parameters Silver price (per kg)
    January 1 Rate Rs.66,300 per kg
    January 9 Rate Rs.66,000 per kg
    Highest Rate in January   Rs.66,300 per kg on 1, 28, and 29 January
    Lowest Rate in January Rs.64,800 per kg on 10 January
    Overall Performance Decline

    January 2022 - Week 1 (1 - 9):

    • Silver opened the month of January standing at the rate of Rs.66,300 per kg in Hyderabad.
    • The price of the precious white metal witnessed an overall declining trend over the month. It recorded the highest price for the month on 1st, 28th, and 29th of January when a kilogram of gold was being sold at the rate of Rs.66,300. The lowest price was recorded on 10th of January wherein it stood at the rate of Rs.64,800 per kg.
    • In Hyderabad, the fifth week of January closed with silver being traded at the rate of Rs.65,600 per kilogram.

    Trend of Silver Rate in Hyderabad for December 2021 (rates per kg)

    Parameters Silver price (per kg)
    December 1 Rate Rs.66,300 per kg
    December 31 Rate Rs.66,000 per kg
    Highest Rate in December   Rs.66,300 per kg on 1, 28, and 29 December
    Lowest Rate in December Rs.64,800 per kg on 10 December
    Overall Performance Decline

    December 2021 - Week 1 (1 - 5):

    • Silver opened the month of December standing at the rate of Rs.66,300 per kg in Hyderabad.
    • The price of the precious white metal witnessed an inclining trend over the month. It recorded the highest price for the month on 4th and 5th of December when a kilogram of gold was being sold at the rate of Rs.65,500. The lowest price was recorded on 2nd and 3rd December wherein it stood at the rate of Rs.65,300 per kg.
    • In Hyderabad, the first week of December closed with silver being traded at the rate of Rs.65,500 per kilogram.

    December 2021 - Week 2 (6 - 12):

    • Silver opened the month of December standing at the rate of Rs.66,300 per kg in Hyderabad.
    • The price of the precious white metal witnessed an inclining trend over the month. It recorded the highest price for the month on 8th of December when a kilogram of gold was being sold at the rate of Rs.65,600. The lowest price was recorded on 10th December wherein it stood at the rate of Rs.65,100 per kg.
    • In Hyderabad, the second week of December closed with silver being traded at the rate of Rs.65,600 per kilogram.

    December 2021 - Week 3 (13 - 19):

    • Silver opened the month of December standing at the rate of Rs.66,300 per kg in Hyderabad.
    • The price of the precious white metal witnessed an inclining trend over the month. It recorded the highest price for the month on 8th of December when a kilogram of gold was being sold at the rate of Rs.65,600. The lowest price was recorded on 10th December wherein it stood at the rate of Rs.65,100 per kg.
    • In Hyderabad, the second week of December closed with silver being traded at the rate of Rs.65,600 per kilogram.

    December 2021 - Week 4 (20 - 26):

    • Silver opened the month of December standing at the rate of Rs.66,300 per kg in Hyderabad.
    • The price of the precious white metal witnessed an inclining trend over the month. It recorded the highest price for the month on 8th of December when a kilogram of gold was being sold at the rate of Rs.65,600. The lowest price was recorded on 10th December wherein it stood at the rate of Rs.65,100 per kg.
    • In Hyderabad, the second week of December closed with silver being traded at the rate of Rs.65,600 per kilogram.

    December 2021 - Week 5 (27 - 31):

    • Silver opened the month of December standing at the rate of Rs.66,300 per kg in Hyderabad.
    • The price of the precious white metal witnessed an overall declining trend over the month. It recorded the highest price for the month on 1st, 28th, and 29th of December when a kilogram of gold was being sold at the rate of Rs.66,300. The lowest price was recorded on 10th of December wherein it stood at the rate of Rs.64,800 per kg.
    • In Hyderabad, the fifth week of December closed with silver being traded at the rate of Rs.65,600 per kilogram.

    Trend of Silver Rate in Hyderabad for November 2021 (rates per kg)

    Parameters Silver price (per kg)
    November 1 Rate Rs.68,700 per kg
    November 30 Rate Rs.66,500 per kg
    Highest Rate in November Rs.71,700 per kg on 13 and 14 November
    Lowest Rate in November Rs.66,500 per kg on 30 November
    Overall Performance Decline

    November 2021 - Week 1 (1 - 7):

    • Silver price in Hyderabad was Rs.68,700 per kg at the start of the first week of November. The price of the bullion was down by Rs.200 when compared to the closing price of the previous month.
    • The bullion recorded the highest and lowest price for the month so far on 2nd and 3rd November. A kilo of silver was priced Rs.68,900 and Rs.67,600 respectively on the mentioned dates.
    • The white metal closed the opening week of the month on Rs.68,700 per kg. The overall performance of the bullion in the city remained stable.

    November 2021 - Week 2 (8 - 14):

    • A kilo of silver was priced Rs.69,100 in Hyderabad at the start of the second week of November. The price of the bullion was up by Rs.400 per kilo when compared to the closing price of the previous week.
    • While the price of the precious metal remained unchanged on 9th November, it increased over the week and recorded the highest price for the month so far on 13th November.
    • Silver price in Delhi closed the week at Rs.71,700 per kg, the highest recorded price for the month so far. The overall performance of the bullion was one of incline.

    November 2021 - Week 3 (15 - 21):

    • Silver price in Hyderabad opened the third week of November at Rs.70,000 per kg. There was a decline of Rs.700 in the price of the yellow metal when the price was compared to what was charged at the end of the previous week.
    • In Hyderabad, the price of the precious metal witnessed slight fluctuations over the week. A kilo of silver was priced at Rs.70,400 on 20th November.
    • Silver closed the week at the same price after the rate saw no change on the final day. The bullion’s overall performance in the city witnessed an inclining trend.

    November 2021 - Week 4 (22 - 30):

    • A kilo of silver was priced Rs.70,400 per kg in Hyderabad at the start of the final week of November. When compared to previous week’s closing price, the rate of the white metal saw no change in the city.
    • Silver price in Hyderabad witnessed fluctuations over the week and was priced at Rs.68,000 per kg on 26th November.
    • The white metal closed the week at Rs.66.500 per kg. This was the lowest recorded price of the precious metal for the month of November. Silver’s overall performance in Hyderabad was one of decline.

    Trend of Silver Rate in Hyderabad for October 2021 (rates per kg)

    Parameters Silver Price (per kg)
    October 1 Rate Rs.63,700 per kg
    October 31 Rate Rs.68,900 per kg
    Highest Rate in October Rs.70,300 on 25 October
    Lowest Rate in October Rs.63,700 per kg on 1 October
    Overall Monthly Performance Incline
    Percentage Change 8.16%
    • In Hyderabad, silver price at the start of the month was Rs.63,700 per kg. Compared to previous month’s closing price, the rate of the white metal was up by Rs.700 for every kilogram.
    • While the opening price of the precious metal was the lowest for the month, the highest price was recorded on 25th October. On the mentioned date, a kilo of the precious metal cost Rs.70,300.
    • Silver price in Hyderabad closed the month at Rs.68,900 per kg. The overall performance of the white metal was one of incline and the percentage change recorded in the rates stood at 8.16%.

    Trend of Silver Rate in Hyderabad for September 2021 (rates per kg)

    Parameters Silver Price (per kg)
    September 1 Rate Rs.68,700 per kg
    September 30 Rate Rs.63,000 per kg
    Highest Rate in September Rs.69,600 per kg from 4 to 7 September
    Lowest Rate in September Rs.63,000 per kg on 30 September
    Overall Monthly Performance Decline
    Percentage Change -8.29%
    • Silver price in Hyderabad opened the month of September at Rs.67,8000 per kg. Compared to the closing price of the previous month, the rate of the white metal was up by Rs.300 for every kilo.
    • The white metal recorded its highest and lowest price for the month on 4th and 30th September. On the mentioned dates, a kilo of the precious metal cost Rs.69,600 and Rs.63,000 respectively.
    • The overall performance of silver was one of decline in Hyderabad. The percentage change recorded in the rates stood at –8.29%.

    Trend of Silver Rate in Hyderabad for August 2021 (rates per kg)

    Parameters Silver Price (per kg)
    August 1 Rate Rs.73,000 per kg
    August 31 Rate Rs.68,400 per kg
    Highest Rate in August Rs.73,100 per kg on 4 August
    Lowest Rate in August Rs.65,000 per kg on 8 August
    Overall Monthly Performance Decline
    Percentage Change -6.30%
    • Silver price in Hyderabad opened at Rs.73,000 per kg. Compared to July’s closing price, no change was recorded in the price of the white metal.
    • The white metal recorded its highest and lowest price for the month on 4th and 8th August. On the mentioned dates, a kilo cost Rs.73,100 and Rs.65,000 respectively.
    • The overall performance of silver during the month witnessed a declining trend with the percentage change being -6.30%.

    Trend of Silver Rate in Hyderabad for July 2021 (rates per kg)

    Parameters Silver Price (per kg)
    July 1 Rate Rs.74,100 per kg
    July 31 Rate Rs.73,000 per kg
    Highest Rate in July Rs.75,000 per kg on 5 July
    Lowest Rate in July Rs.71,400 per kg on 28 July
    Overall Monthly Performance Decline
    Percentage Change -1.48%
    • Silver price is Hyderabad opened at the rate of Rs.74,100 per kg for the month of July 2021.
    • The highest rate of the precious white metal was recorded on 5th July 2021 wherein it stood at the rate of Rs.75,000 per kg. The lowest rate of silver during the month was recorded on 28th July 2021 when a kilogram of the precious metal was being traded at the rate of Rs.71,400 per kg.
    • During the month, the price of silver witnessed an overall decline in its performance the percentage change standing at –1.48% in Hyderabad.

    Trend of Silver Rate in Hyderabad for June 2021 (rates per kg)

    Parameters Silver Price (per kg)
    June 1 Rate Rs.76,800 per kg
    June 30 Rate Rs.72,900 per kg
    Highest Rate in June Rs.77,500 per kg on 7 June
    Lowest Rate in June Rs.72,900 per kg on 30 June
    Overall Monthly Performance Decline
    Percentage Change -5.07%
    • Silver price in Hyderabad was Rs.76.800 per kg on 1st June. The price of the white metal was up by Rs.4,800 when compared to the closing price of the previous month.
    • The price of the white metal witnessed fluctuations over the month. Silver recorded its highest price for the month on 7th June when a kilo cost Rs.77,500.
    • The precious metal closed at Rs.72,900 per kg. It was the lowest recorded price of silver for the month of June in the city. The overall performance was one of decline with the recorded percentage change being -5.07%

    Trend of Silver Rate in Hyderabad for May 2021 (rates per kg)

    Parameters Silver Price (per kg)
    May 1 Rate Rs.74,000 per kg
    May 31 Rate Rs.72,000 per kg
    Highest Rate in May Rs.78,600 per kg on 18 May
    Lowest Rate in May Rs.71,600 per kg on 30 May
    Overall Monthly Performance Incline
    Percentage Change 2.70%
    • In Hyderabad, silver prices showed an overall inclining trend for the month of May, opening at Rs.74,000 per kg on 1 May. The price of the metal saw constant fluctuations during the month due to international trends and additional factors affecting silver prices.
    • The price of the white metal increased during the third week of May and hit its monthly high on 18 May at Rs.78,600 per kg due to a weaker dollar value and lower U.S. Treasury bond yields.
    • However, at the end of the month, the price of silver decreased due to investors booking profits and decreased to its lowest on 30 May at Rs.71,600 per kg. On 31 May, silver prices closed at Rs.72,000 per kg, recording an overall incline of 2.70%.

    Also Check Silver Price in Metro Cities

    Trend of Silver Rate in Hyderabad for April 2021 (rates per kg)

    Parameters Silver Price (per kg)
    April 1 Rate Rs.68,500 per kg
    April 30 Rate Rs.72,800 per kg
    Highest Rate in April Rs.74,600 per kg on 23 April
    Lowest Rate in April Rs.63,600 per kg on 1 April
    Overall Monthly Performance Incline
    Percentage Change 6.27%
    • Silver, in Hyderabad, opened the month priced at Rs.68,500 per kg on 1 April and had increased to cross the Rs.70,000 per-kg mark by 7 April due to a weaker dollar.
    • The price of the white metal increased throughout the month and hit its monthly high on 23 April at Rs.74,600 per kg due to lower U.S. Treasury bond yields.
    • At the end of the month, silver closed at Rs.72,800 per kg on 30 April and recorded an overall inclined percentage of 6.27.

    Trend of Silver Rate in Hyderabad for March 2021 (rates per kg)

    Parameters Silver Price (per kg)
    March 1 Rate Rs.72,510 per kg
    March 31 Rate Rs.68,700 per kg
    Highest Rate in March Rs.73,600 per kg on 2 March
    Lowest Rate in March Rs.67,400 per kg on 11 March
    Overall Monthly Performance Decline
    Percentage Change -5.25%
    • In Hyderabad, silver prices were Rs.72,510 per kg on 1 March and were at its highest level on 2 March at Rs.73,600 per kg as the value of the U.S. Dollar dipped in the market.
    • However, the silver rate in Hyderabad showed a fluctuating trend through the month, dipping to its lowest price of the month on 11 March at Rs.67,400 per kg.
    • Recovering marginally, the price of the white metal closed the month at Rs.68,700 per kg on 31 March and recorded an overall percentage decline of 5.25.

    Trend of Silver Rate in Hyderabad for February 2021 (rates per kg)

    Parameters Silver Price (per kg)
    February 1 Rate Rs.78,100 per kg
    February 28 Rate Rs.67,500 per kg
    Highest Rate in February Rs.78,100 per kg on 1 February
    Lowest Rate in February Rs.67,300 per kg on 5 February
    Overall Monthly Performance Decline
    Percentage Change -13.57%
    • In Hyderabad, silver prices in February showed an overall decline, opening at its highest price of the month at Rs.78,100 per kg and declining to its lowest on 5 February at Rs.67,300 per kg due to the recovery of the U.S. dollar in the market.
    • The value of the white metal showed continuous fluctuations throughout the month due to various factors such as the rise and fall of COVID-19 cases and the value of the U.S. Dollar and the performance of the U.S. Treasury yields.
    • At the end of the month, the silver rate in Hyderabad closed at Rs.67,500 per kg and recorded an overall monthly decline of 13.57%.

    Trend of Silver Rate in Hyderabad for January 2021 (rates per kg)

    Parameters Silver Price (per kg)
    January 1 Rate Rs.72,000 per kg
    January 31 Rate Rs.69,800 per kg
    Highest Rate in January Rs.72,000 per kg on 1 January – 3 January
    Lowest Rate in January Rs.63,900 per kg on 9 January – 11 January
    Overall Monthly Performance Decline
    Percentage Change 3.05%
    • The price of silver in Hyderabad was Rs.72,000 per kg on 1 January and was at its highest on the same day until 3 January. Silver prices fluctuated through the month and recorded an overall decline in prices.
    • In the second week of the month, the price of the metal dipped to below the Rs.64,000 per kg mark at Rs.63,900 kg and was the lowest value of the metal during the month. Silver prices declined as the U.S. dollar recovered in the market.
    • Closing at Rs.69,800 per kg on 31 January, silver rate in Hyderabad recorded an overall decline percentage of 3.05% during the month.

    Also Check Silver Price in NearBy Cities of Hyderabad

    Historical Silver Price in Hyderabad

    The city of Hyderabad also called the ‘City of Pearls’, is among the top growing cities in South India, as well as, in the country. Hyderabad is home to people from all sects and has a growing population of middle-class and upper-middle-class.

    The city attracts many tourists every year with many historical structures present in the city and silver is an important metal in the city. There are many private sellers of the metal along with gold and is considered auspicious to the people of the city.

    Silver Rates in Hyderabad

    The value of silver in Hyderabad is majorly dependent on the silver prices in the international market along with other factors such as the value of the U.S. dollar and the performance of the stock market daily.

    The metal is extensively bought for industrial purposes since it is used for the making of many products used daily. Silver is also bought in the retail market as silverware, jewellery, etc.

    The Trend Of Silver Rate In Hyderabad

    Silver is extensively bought in the city of Hyderabad and is almost as equal in demand when compared to gold in the city. Silver is usually bought in its physical form in the city such as coins, silverware and jewellery. The price of silver is highly dependent on the price of the metal in the National Capital Region along with being dependent on the price of gold in the country. The value of silver in the international market also plays a factor in the determination of the metal’s value in the country.

    Silver is a precious metal and serves as an asset and as currency if ever the stock market and equities take a hit in the international market.

    Silver as an Investment in Hyderabad

    Silver is quite popular as a form of investment in Hyderabad. A significant part of the population owns physical silver in one form or the other, and also considers it while hedging against inflation. Silver has been a mainstay in segments such as jewelries, coins, idols, artefacts etc. in the city. The following investment options are pursued by people from Hyderabad:

    Jewelries: This is the most popular commodity among the residents of Hyderabad, and also the country at large. Jewelries form the mainstay of the precious metal business in Hyderabad, and there are a lot of stores and outlets to cater to the needs of the people. Silverware and other gifting items are also commonly sold in the city.

    Coins: Silver coins are a popular commodity owing to their easy availability and liquidity options. Coins are sold by both private dealers and banks at a premium over the market rates. These are available in different purities as well as quantity of silver, making them a versatile and somewhat cheaper solution than buying bulk.

    Bullions: Bullions are sold in larger quantities, generally over 1 kg of silver per piece of the metal. Bullions are also available in various purities, and can be purchased at market rates of silver. This makes them the cheapest option among physical silver products, as per market prices. Also, customers should ensure they only approach well-respected dealers only as these deals are done for substantial amount of money and reliability becomes an issue.

    Commodity exchange: Silver is also available as a tradable commodity in exchanges such as NCDEX and MCX. These exchanges sell silver on futures contracts and are open for 6 months in a year. The base quantity is generally set at 1 kg of silver. Commodity exchanges allow customers to trade the metal without actually holding the metal in hand.

    FAQs on Silver Rate in Hyderabad

    1. Where can I get the best quality silver in Hyderabad?
    2. You can purchase the best quality silver in the top retail silver stores in the city. Apart from this, you can also purchase silver at almost all jewellery stores in Hyderabad.

    3. Will the silver price in Hyderabad keep changing?
    4. Yes, the silver price keeps changing due to various factors which include the value of the rupee against the U.S. dollar, the price of crude oil, the trend of the equities market, etc.

    5. What international factors affect the silver rate in Hyderabad?
    6. There are many international factors which affect the silver rate in Hyderabad since the gold and silver market in India is dependant on the international bullion market. Crude oil prices, the value of international currencies, etc. Play a major role in the silver prices in India and Hyderabad.

    Read more on Silver

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    News About Silver Rate in Hyderabad

    • Silver Rate on 18 January 2022

      Silver futures on Tuesday, 18 January 2022 was up by Rs.55 which is a 0.99% increase. The silver futures were priced at Rs.61,953 per kg.

      18 January 2022

    • Silver price plunge by Rs.597

      On Tuesday, the price of silver plunged by Rs.597 was trading at Rs.60,625 per kg. Gold price was also down in the national capital as the rate of the yellow metal was down by Rs.302. Following the drop, 10 grams of gold cost Rs.46,814. In the international market, gold was trading at $1,804 per ounce while silver remained flat at $22.83 per ounce.

      04 January 2022

    • Gold price jumps Rs.41, silver dips Rs.667

      According to HDFC Securities, the gold price jumped Rs.41 to Rs.47,217 per 10 gram in New Delhi. In the previous trade, gold was sold at Rs.47,176 per 10 gram. The price for silver dropped Rs.667 to Rs.61,337 per kg from Rs.62,004 per kg. In the international market, gold was being sold with gains at $1,794 per ounce while silver was flat at $22.94 per ounce.

      01 December 2021

    • Gold price gained Rs.137 while silver price witnesses a decline by Rs.160

      In New Delhi, the gold prices increased by Rs.137 to Rs.47,311 per 10 gram amidst the rupee depreciation. Previously, gold traded at Rs.47,174 per 10 gram. The price for silver was reduced by Rs.160 to Rs.63,482 per kg.

      In the previous trade, one kg of silver was sold at Rs.63,642. Indian Rupee witnessed a dip by 31 paise to close at 74.37 against the US dollar. The global prices for gold and silver were $1,827 per ounce and $24.30, respectively.

      11 November 2021

    • Silver futures prices in India plunge on 12 October 2021

      Silver futures prices on MCX in India fell by Rs.43.30 or 0.07% on 12 October and were at Rs.61,905 for a kg. In the international markets, the prices of the white metal fell by 0.06% and were at $25.20 for an ounce. Unlike silver, gold futures prices jumped in India on 12 October 2021. Gold futures prices on MCX jumped by 0.18% and were at Rs.47,151 for 10 grams. In the last session, the prices of the yellow metal jumped by Rs.84.90 or 0.3%. In the global markets, gold prices jumped to $1,1816.70 for an ounce.

      12 October 2021

    • Gold Price on 19 August 2021

      Gold was priced at Rs.47,510 on Thursday, 19 August 2021. It is 0.6% higher than this week's average of Rs.47227.1. The price of gold was greater than the previous day's value of Rs.47500.

      19 August 2021

    • Silver witnesses a decline of Rs.400

      On Wednesday, the price of silver witnessed a decline of Rs.400 for every kilo when compared to yesterday’s closing price. Following the drop in the rates, a kilo of the white metal cost Rs.67,100. 22-karat gold price was also down marginally with 10 grams costing Rs.46,660 in Mumbai. In Delhi and Chennai, consumers were required to shell out Rs.46,750 and Rs.45,040 per 10 grams. The price of 24-karat gold was down by Rs.210 when compared to yesterday’s rate and was trading at Rs.47,660 per 10 gram. It needs to be mentioned here that gold prices in the global market remained below the mark of $1,800 per ounce on Tuesday. Spot gold was trading flat at $1,796.75 per ounce.  

      28 July 2021

    • Gold and silver prices drop

      Prices of both gold and silver fell to a more than one-week low due to the value of dollar rising as investors turned their attention towards Federal Reserve's policy review this week.

      Prices of gold on MCX dropped 0.62% or Rs.303 at Rs.48,600 per 10 grams. The value of silver also slipped 0.62% or Rs.449 to Rs.71,778 per kg.

      In the spot market, gold of highest purity was retailing at Rs.49,028 and silver was being sold at Rs.72,139 on Friday. Spot gold fell 0.5% at $1,867.51 per ounce. US gold futures dropped 0.5% to $1,871.10 per ounce. Silver fell 0.4% to $27.78 per ounce, while palladium grew eased 0.1% to $2,773.19. Platinum decreased 0.8% to $1,141.

      15 June 2021

    • Gold prices show an incline in the market; silver prices fall marginally

      Gold rates for June delivery increased by 0.36% on the Multi Commodity Exchange to hit an intraday high of Rs.47,770 per 10 grams. 24-karat gold was being sold at Rs.46,999 per 10 grams in the spot market while 22-karat gold was priced at Rs.45,390 per 10 grams.

      Silver prices had declined marginally by 0.31% and were Rs.71,454 per kg which was its intraday low. In the spot market, silver rates were Rs.68,835 per kg.

      In the international market, gold prices had increased and were on track for its best week in 5 months due to a weaker dollar value in the market and lower U.S. Treasury yields. Investors awaited U.S. non-farm payroll data due to be released today.

      Spot gold in the market was $1,815.88 per ounce and U.S. gold futures were at $1,816.40 per ounce. Silver prices increased by 0.3% to $27.26 per ounce.

      10 May 2021

    • Silver rates go above the mark of Rs.69,500

      The price of silver recovered on Thursday thanks to a drop in the bond yield in the international market. The futures of the white metal were up by 0.42 percent to cost R.69,524 per kg. In the global market, silver eased by 0.1 percent to cost $27.33 per ounce.

      Gold rates also inched higher. At the Multi Commodity Exchange (MCX), the futures of the yellow metal were up by 0.40 percent to cost Rs.46,424 for every 10 grams. Spot gold price was up by 0.1 percent to cost $1,777.06 per ounce while US gold futures were up by 0.3 percent to cost $1.777.40.

      Among other metals, platinum added 1.4 percent while palladium was up 0.2 percent.

      19 February 2021

    • In the midst of poor domestic trade, gold and silver edge higher

      The future prices of gold and silver traded with gains in the domestic market despite the international markets being closed for trading.

      This came right after the US President Donald Trump demanded an increase in the coronavirus relief checks to $2,000. The precious metals are used as a hedge against the inflation. They usually barge in when money is pushed into the system.

      04 January 2021

    Silver Rate In Metro Cities
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