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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 rates 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.
Trend of Silver Rate in Hyderabad for July 2017 (rates per kilogram)
|July 1 Rate||Rs.38,640 per kg|
|July 31 Rate||Rs.38,640 per kg|
|Highest Rate in July||Rs.38,690 per kg on 3 July|
|Lowest Rate in July||Rs.36,035 per kg on 10 July|
|Overall Monthly Performance||No change|
Trend of Silver Rate in Hyderabad for June 2017 (rates per kg)
|June 1 Rate||Rs.40,285 per kg|
|June 30 Rate||Rs.38,995 per kg|
|Highest Rate in June||Rs.40,890 per kg on 7 June|
|Lowest Rate in June||Rs.38,455 per kg on 21 June|
|Overall Monthly Performance||Decline|
June 2017 - Week 1 (1st - 4th)
- When the month of June began, silver rates in hyderabad started at Rs.40,285 per kg.
- But, due to a low industrial demand, prices fell to Rs.39,950 per kg on the 2nd of June.
- The 3rd saw silver price in Hyderbad increase to Rs.40,670 per kg - a Rs.720 increase - as bullion market saw some upturn in trading cues internationally.
- When the week came to an end on the 4th, silver prices were recorded at Rs.40,670 per kg, thanks to a sustained demand for the metal.
June 2017 - Week 2 (5th - 11th)
- The second week of June started on the 5th with silver trading at Rs.40,670 per kg.Prices remained unchanged on the 6th as demand from local coin makers and industrial units remained stable.
- On the 7th, silver rate in Hyderabad reached a monthly high figure of Rs.40,890 per kg as tensions involving the US grew and bullion industry as a result saw demand pick up significantly.
- Silver prices decreased on the 7th to hit Rs.40,725 per kg and then went down to Rs.40,285 per kg on the 9th as demand fell after a brief surge.
- During the last two trading days of Jube, silver prices decreased further to Rs.40,060 per kg and remained there till the end of the week on the 11th.
June 2017 - Week 3 (12th - 18th)
- Silver price in Hyderabad fell consistently during the third week of June demand for the metal fell amidst a strengthening dollar.
- On 12th, silver was trading at Rs.39,680 per kg, but decreased to Rs.39,435 per kg on the 13th due to falling demand.
- Silver prices went down on the 14th again to Rs.39,115 per kg but increased slightly to Rs.39,265 per kg on the 15th as offtake went up slightly.
- Silver prices returned to normal after an anomalous increase the previous day to end the 16th at Rs.38,995 per kg.
- During the last two days of June week 3 - the 17th and the 18th, silver prices remained at 38,460 per kg.
June 2017 - Week 4 (19th - 25th)
- The fourth week of June started in Hyderabad with silver trading at Rs.38,640 per kg which was an increase of Rs.180 from the previous day’s prices.
- On the 20th, silver rate in Hyderabad remained the same but decreased slightly to hit a monthly low of Rs.38,455 per kg - on the 21st of June.
- Rates increased in the city to Rs.38,460 per kg on the 22nd and gradually increased over the next few days as well.
- The 23rd saw silver rates hit Rs.38,690 per kg and then go up to to Rs.38,925 per kg on the 24th of June.
- When the week came to an end, silver rates in Hyderabad were recorded at Rs.38,925 per kg.
June 2017 - Week 5 (26th - 30th)
- During the final week of June 2017, silver prices in Hyderabad fluctuated considerably due to a lack of sustained demand.
- When the week began on the 26th, silver was priced at Rs.38,925 per kg, which then went down to Rs.38,455 per kg on the 27th of June.
- The 28th saw prices increase to Rs.39,115 per kg, which continued to remain the same on the 29th as well.
- On the last day of June 2017, silver prices fell marginally to reach Rs.38,995 per kg - marking a Rs.120 decline from the previous day’s rates.
- Silver rates in Hyderabad saw a change of -3.20% as a result of poor local demand and a relatively high-performing US economy and the dollar.
|May 1 Rate||Rs.40,040 per kg|
|May 31 Rate||Rs.40,060 per kg|
|Highest Rate in May||Rs.40,520 per kg on 30 May|
|Lowest Rate in May||Rs.37,705 per kg on 10 & 11 May|
May ’17 – Week 1 (1 to 7)
- Silver prices in Hyderabad in the first week of May started strong but dipped due to a decline in demand.
- Silver was priced at Rs.40,040 per kg on 1 May but fell to Rs.38,925 per kg on 3 May due to a rally by the U.S. Dollar which resulted in a reduction in export demand.
- Local demand was also affected as demand from coin makers for the white metal dropped, resulting in it trading at Rs.37,965 per kg on 5 May.
- As the week ended, silver prices rose marginally to trade at Rs.38,005 per kg on 7 May.
May ’17- Week 2 (8 to 14)
- The second week saw the price of silver continue to trade lower than expected as stock markets enjoyed a bull run, which reduced interest in bullion among investors.
- Silver was priced at Rs.38,965 per kg on 8 May amidst a slowdown in demand by industry on account of the high import cost.
- Prices fell to their lowest point for the month, trading at Rs.37,705 per kg on 10 & 11 May as industrial demand all but stagnated due to the persistently high U.S. Dollar.
- A slight recovery in demand was observed towards the middle of the week, with silver trading at Rs.38,005 per kg on 13 May.
- The price remained constant as the week ended, with silver trading at Rs.38,005 per kg on 14 May.
May ’17- Week 3 (15 to 21)
- Silver prices in the third week of May began to rise as the U.S. Dollar rate began to fall due to geo-political factors such as the impending U.S. Federal Reserve’s meeting on fiscal policy.
- The week opened with silver trading at Rs.38,230 per kg on 15 May as industrial demand began to increase following flat growth by the U.S. Dollar.
- The price steadily increased during the week, reaching Rs.38,995 per kg on 17 May as local demand also rose on positive trends from overseas markets.
- Silver traded at Rs.39,265 per kg on 18 May before falling to Rs.39,115 per kg on 20 May.
- The week ended with the price remaining constant at Rs.39,115 per kg on 21 May due to increased demand from industry as well as coin makers.
May ’17- Week 4 (22 to 28)
- The fourth week of May saw demand for silver fluctuate due to demand vagaries, with silver opening the week trading at Rs.39,265 per kg on 22 May.
- Prices rose to Rs.40,040 per kg on 23 May as demand spiked but the price soon fell to Rs.39,670 per kg on 24 May as demand stabilised.
- Uncertainty over the impact of GST on bullion and the economy led to increased silver purchases, though prices appeared to be unaffected in Hyderabad.
- Prices fluctuated as the week progressed, with silver trading at Rs,39,950 per kg on 25 & 26 May as demand rose due to a sudden weakening of the U.S. Dollar.
- Silver reached a high as the week drew to a close, trading at Rs.40,190 per kg on 27 & 28 May.
May ’17 – Week 5 (29 to 31)
- The last week of May saw the price of silver fluctuate due to market forces and demand vagaries.
- Silver traded at Rs.40,285 per kg on 29 May before prices rose to their monthly high of Rs.40,520 per kg on 30 May.
- Prices dipped sharply as the month ended, with silver falling to Rs.40,060 per kg on 31 May. However, prices increased 0.49% over the course of the month.
|April 1st Rate||Rs.42,570 per kg|
|April 30th Rate||Rs.40,040 per kg|
|Highest Rate in April||Rs.43,055 per kg on 15th and 16th April|
|Lowest Rate in April||Rs.40,040 on 29th and 30th April|
April 2017 - Week 1 (1st - 9th):
- In Hyderabad, silver rates were relatively on the lower side for April due to flagging demand.
- On the 1st of April, silver was trading at Rs.42,570 per kg and as days progressed, prices seemed to fluctuate considerably
- However, silver prices went down to Rs.42,435 per kg as demand from local coin makers and industrialists went down.
- Rates went up just as they went down on 4th as silver trading rocketed to Rs.42,925 per kg - a Rs.490 increase in just a day’s time.
- After that sudden increase in demand, prices corrected themselves slightly to reach Rs.42,730 per kg on 5th.
- As demand fell on the 6th, silver rates went down again to reach Rs.42,570 per kg but went back up marginally to Rs.42,640 per kg as demand went up.
- Silver prices remained largely the same over the next two days - till the 9th - as demand sustained for most of this period.
April 2017 - Week 2 (10th - 16th):
- When the second week of April began, there was a slump in silver prices.
- Rates had gone from Rs.42,640 per kg to Rs.41,625 per kg on 10th and fluctuated over the next few days.
- On 11th, prices increased marginally to hit Rs.41,675 per kg as demand also went up from various quarters of the industry as well as coin makers.
- The 12th saw prices increase again as silver trading reached Rs.42,570 per kg.
- When trading began on 13th, silver prices had seen one of its biggest inclines as rates went up to Rs.43,030 per kg - a Rs.460 increase from the previous day - as demand went up.
- Rates remained at Rs.43,030 per kg on 14th but increased to Rs.43,055 per kg on the 15th before continuing at the same rate till the end of the week.
- Rates seen on the 15th and the 16th were the highest silver prices for the month of May.
April 2017 - Week 3 (17th - 23rd):
- The third week of May saw silver prices fluctuate as demand seemed to rattle after hitting a new high for the first time in a few months.
- When the third week began on 17th, silver was trading at Rs.43,055 per kg but went down to Rs.42,775 per gram on 18th as demand went down.
- On the 19th, silver rates went down again - for the third consecutive day - as demand showed no sign of picking up.
- However, there were sustained demand on the 19th and the 20th, which lead to rates remaining at Rs.42,365 per kg on both the days.
- The 21st again saw silver price tumble - this time by Rs.365 - to reach Rs.41,980 per gram and remained the same till the end of the week on the 23rd.
April 2017 - Week 4 (24th - 30th):
- Silver rates in Hyderabad were at their worst during the last week of April.
- When the week began, silver was trading at Rs.41,435 per gram, which then went down to Rs.40, 340 per gram.
- Rates went up briefly on the 26th to reach Rs.40,520 per gram but decreased again to Rs.40,285 per kg.
- There were plenty of fluctuations in demand which brought silver rates to Rs.40,390 per gram and then to Rs.40,040 per gram.
- On the last day of April, silver was trading at Rs.40,040 - which happened to be the lowest silver rate for the entire month.
|March 1st Rate||Rs. 43,970 per kg|
|March 31st Rate||Rs. 42,115 per kg|
|Highest Rate in March||Rs. 44,100 per kg on 2nd March|
|Lowest Rate in March||Rs. 40,040 per kg on 15th March|
March ‘17 - Week 1 (1st to 5th)
- Silver prices in Hyderabad were recorded at Rs.43,970 per kg on the 1st of March.
- Prices increased by Rs.130 on the second to jump to Rs.44,100 per kg, making it the highest rate of the metal over the course of the month.
- Decline in demand from industrialists and coin makers saw prices plunge significantly on the 3rd of March, and the metal traded at Rs.42,730 per kg.
- Prices rose on the 4th of March to Rs.43,295, and they remained at the same level until the close of the week thanks to increase in demand followed by stability.
March ‘17 - Week 2 (6th to 12th)
- The price of silver on the opening day of the second week of March was Rs.42,925 – the same as the price on the closing day of the first week of the month.
- Prices dropped marginally on the next few days owing to decline in demand. They were recorded at Rs.42,570 per kg on the 7th of March, Rs.41,900 per kg on the 8th of March, and Rs.41,435 per kg on the 9th of March.
- A considerable decline on the 10th of March saw prices tumble to Rs.40,670 per kg, after which another decline saw rates drop to Rs.40,520 per kg on the 11th.
- Prices remained unchanged on the last day of the second week of March as demand remained stable and the value of the metal at the close of trading was Rs.40, 520 per kg.
March ’17- Week 3 (13th to 19th)
- The price of silver on the first day of the third week of March was Rs.40,760 per kg thanks to a small increase in demand.
- Prices fell by Rs.320 on the second day of the third week and were recorded at Rs.40,440 per kg.
- On the 15th of March, prices hit their lowest levels in the month as they touched Rs.40,040 per kg, after which an increase by Rs.850 saw them rise to Rs.40,890 per kg on the 16th.
- A minor decline on the 17th saw prices fall to Rs.40,815 per kg and rates remained stable for the next three days, closing the third week of March at Rs.40,815 per kg.
March ’17- Week 4 (20th to 26th)
- Silver opened the penultimate week of the month at Rs.41,075 per kg, marking a small incline from the closing levels of the previous week.
- Prices fell by Rs.350 on the 21st of March and were recorded at Rs.40,725 per kg.
- On the 22nd of the month, prices rose marginally and were recorded at Rs.41,230 per kg.
- Thanks to an increase in demand, silver closed the penultimate week of March on a strong note as rates rose to Rs.41,340 before rising again and closing the seven-day period at Rs.41,435 per kg.
March ’17 – Week 5 (27th to 31st)
- The price of silver on the first day of the last week of March was recorded at Rs.41,900 per kg.
- An increase by Rs.215 on the 28th of the month saw prices rise to Rs.42,115 per kg, and stable demand ensured that prices remained the same on the 29th of the month as well.
- On the 30th of March, prices increased by Rs.320 to settle at Rs.42,435 per kg, and a decline by the same amount on the last day of the month saw the metal close March at Rs.42,115 per kg.
|February 1st Rate||Rs. 42,520 per kg|
|February 28th Rate||Rs. 44,165 per kg|
|Highest Rate in February||Rs. 44,165 per kg on 28th February|
|Lowest Rate in February||Rs. 42,115 per kg on 3rd February|
February ‘17 - Week 1 (1st to 5th)
- Silver rates in Hyderabad was quite low during the first week of the month due to relatively low demand.
- Silver was priced at Rs.42,520per kg on 1st February and rose slightly the next day to trade at Rs.42,640 per kg.
- However, this rate could not be sustained and price of silver declined to Rs.42,115 per kg.
- This could mainly be attributed to the demand for silver from industrialists and coin makers. This price was the lowest at which silver traded for the month of February.
- However, a slight recovery was noted in the rate of silver on the 4th with silver trading at Rs. 42,355 per kg. This rate was maintained until the end of the week.
February ‘17 - Week 2 (6th to 12th)
- On the second week of February, the rate of silver opened at Rs.42,520 per kg which was a little higher than the rate seen during the previous week.
- Right after this, due to increased demand from jewellers and industrialists, the price of silver jumped to trade at Rs.42,930 per kg.
- Rate of silver was at Rs.42,920 per kg which was lesser by Rs.10 as compared to the price of the previous day.
- However, a slight recovery was noted in the price of silver on the 9th with this precious metal trading at Rs.42,950 per kg.
- Prices fluctuated during the week, with silver trading at Rs.42,570 per kg on 11th February due to a sudden rise in demand. Silver was steady at this rate until the end of the week.
February ’17- Week 3 (13th to 19th)
- A slight fluctuation in the rate of the U.S. dollar led to rise in the demand for silver with this metal trading at Rs.43,280 per kg on the first day of the third week of February.
- However, demand could not be sustained and the price of silver fell to Rs.43,030 again on the 14th. There was a marginal recovery noted in the price of silver on the 15th with the price being Rs.43,115 per kg.
- Prices rose to Rs.43,385 per kg on 16th February and later rose to Rs.43,520 per kg on 17th February due to a sudden drop in the value of the U.S. Dollar as a result of a projected drop in growth rates for the month.
- Local demand kept prices stable as demand fluctuated, trading at Rs.43,400 per kg on 18th February.
- The week ended with silver trading at Rs.43,400 per kg on 19th February, due to sustained demand, recording a rise of Rs.120 in the price of silver during the third week of February.
February ’17- Weeks 4 & 5 (20th to 28th)
- The price of silver in the last two weeks of February fluctuated slightly due to U.S. Dollar rates and an unstable demand for this metal.
- Silver was priced at Rs.43,270 per kg on 20th February, with the price falling further to trade at Rs.43,240 per kg on 22nd February. Demand was slightly higher the next day as with silver trading at Rs.43,295 per kg.
- A slight increase in demand from coin makers led to silver trading at Rs.43,680 per kg on 24th February.
- Silver prices rose to Rs.43,910 per kg on 25th February, with the price increasing to Rs.44,110 per kg on 27th February.
- Silver prices continued to rise as the month ended, trading at Rs.44,165 per kg on 28th February to record an overall increase of 3.68%. This was also the highest at which silver traded for the month of February.
|January 1st Rate||Rs.39,035 per kg|
|January 31st Rate||Rs.41,900 per kg|
|Highest Rate in January||Rs.42,010 per kg on 30th January|
|Lowest Rate in January||Rs.39,035 per kg on 1st January|
January ‘17 - Week 1 (1st to 7th)
- On the first day of the new year, silver opened at Rs.39,035 per kg which then steadily increased as the days progressed.
- Due to fluctuations in U.S. dollar rate, the price of silver rose to Rs.39,110 per gram.
- On the 4th of January, the price of silver crossed the Rs.40,000 mark to trade at Rs.40,340 per kg.
- Price of silver rose to Rs.40,520 per kg which was the highest at which silver traded at for the first week of January. However, this momentum could not be sustained and prices reduced to Rs.40,440 the next day.
- On the last day of the week, silver traded at Rs.40,390 per kg which was lower than the previous day but was nevertheless an indicator of a rise in the price of silver.
January ‘17 - Week 2 (8th to 14th)
- Silver prices continued to rise in the second week of January due to favourable market conditions and stable demand.
- Silver was priced at Rs.40,390 per kg on 8th January, price remaining stable due to consistent demand for this metal.
- Price of silver increased to Rs.40,520 per kg the next day due to an increase in demand.
- Prices rose to Rs.40,760 per kg on 10th January as demand from Asian markets was high, silver rose to Rs.41,360 per kg on 11th January.
- Due to an increase in demand, silver traded at Rs.41,370 per kg on 12th January but fell the subsequent day to trade at Rs.41,230 per kg.
- Due to market conditions that were favourable and the harvest festival of Sankranthi, towards the 14th of January, the price of silver shot up to Rs.41,230 which was also the price of this precious metal the previous day and continued until the 15th of January.
January ’17- Week 3 (15th to 21st)
- At the beginning of the third week of January, the price of silver was steady from the previous week due to sustained demand.
- Rate of silver in the third week was relatively high and was on an upward streak with minor fluctuations.
- Silver was priced at Rs.41,340 per kg on 16th January and rose to Rs.41,625 per kg on 17th January.
- A marginal drop in industrial demand led to silver trading at Rs.41,675 per kg on 20th January as the week ended with silver trading at Rs.41,930 per kg on 21st January.
January ’17- Weeks 4 & 5 (22nd to 31st)
- Silver prices in the last two weeks of January were quite stable due to consistent demand.
- Silver traded at Rs.41,930 per kg on 22nd January but reduced the next day to trade at Rs.41,860 per kg.
- Prices dipped marginally following the Lunar New Year, as silver was priced at Rs.41,955 per kg on 24th January.
- Silver prices fluctuated as the month ended, closing at Rs.41,900 per kg on 31st January to register a rise of 7.33%.
|December 1st Rate||Rs.40,450 per kg|
|December 31st Rate||Rs.39,035 per kg|
|Highest Rate in December||Rs.41,630 per kg on 8th December|
|Lowest Rate in December||Rs.38,700 per kg on 23rd December|
December '16 - Week 1 (1st to 4th)
- The price of silver in December was high as demand from the industrial sector rose.
- Silver traded at Rs.40,450 per kg on 1st December, with the price rising to Rs.40,795 per kg on 2nd December.
- Increased demand overseas led to prices rising to Rs.41,070 per kg on 3rd December, with the price staying constant as the week ended.
- Higher industrial demand and strong overseas demand were factors that led to a rise in price.
December '16 - Week 2 (5th to 11th)
- The second week saw silver prices fluctuate due to demand.
- Silver was priced at Rs.41,055 per kg on 5th December but the price fell to Rs.40,820 per kg the following day due to fluctuations in demand.
- A drop in the U.S. Dollar rate led to demand rising marginally, resulting in silver reaching Rs.41,630 per kg on 8th December.
- Due to low retail demand, prices fell as the week ended, with silver trading at Rs.41,345 per kg on 11th December.
December '16 - Week 3 (12th to 18th)
- Price fell in the third week due to decreasing demand from industry as well as low overseas demand.
- Silver traded at Rs.40,880 per kg on 12th December, with prices falling due to the U.S. Dollar strengthening.
- Domestic demand continued to be low due to scrutiny of bullion purchases, which dissuaded many consumers from purchasing silver in spite of it being the festive season.
- Silver ended the week trading at Rs.39,305 per kg on 18th December due to declining demand.
December '16 – Week 4 (19th to 25th)
- Demand from Asian markets reduced, which led to an overall decline in silver bookings, pushing prices down.
- Silver was priced at Rs.39,435 per kg, a marginal increase from the previous week, though prices fell for the rest of the week on poor demand.
- Currency markets were strong as investor sentiment was high, which led to lowered demand for safe haven assets like gold and silver.
- Silver traded at a monthly low of Rs.38,700 per kg on 23rd December before stabilising and ending the week at Rs.38.725 per kg on 25th December.
December '16 – Week 5 (26th to 31st)
- Prices failed to improve in the last week of December, though there was a marginal increase.
- Silver traded at Rs.38,460 per kg on 26th December as domestic retail demand showed signs of improving.
- The currency shortage began to improve, which led to an increase in purchases.
- Though international demand was muted, silver prices rose marginally, trading at Rs.39,630 per kg on 30th December.
- Prices fell as the month ended, resulting in silver being priced at Rs.39,035 per kg on 31st December, registering an overall decline in price.
|November 1st Rate||Rs.42,910 per kilogram|
|November 30th Rate||Rs.41,055 per kilogram|
|Highest Rate in November||Rs.44,960 per kilogram on 9th of November|
|Lowest Rate in November||Rs.40,190 per kilogram on the 25th of November|
November '16 - Week 1 (1st to 6th):
- At the beginning of the month on the 1st, silver traded at Rs.42,910 per kilogram.
- The next day on the 2nd, prices saw a significant increase as silver traded at Rs.44,385 per kilogram.
- The next two days on the 3rd and 4th too saw some fluctuations as silver traded at Rs.44,645 and 43,855 per kilogram respectively.
- Prices,however, stabilised during the last two days of the week as silver began to trade at Rs.44,180 per kilogram.
November '16 - Week 1 (7th to 13th):
- When the second week started on the 7th, silver prices fell slightly as the metal traded at Rs.43,685 per kilogram.
- On the 8th, prices increased slightly to hit Rs.43,855 per kilogram, a Rs.170 increase from the previous day.
- On the 9th prices hit Rs.44,960, the highest silver trading rate for the month and fell significantly at the end of the week to close at Rs.42,005 per kilogram.
November '16 - Week 3 (14th to 20th)
- The third week beginning on the 14th saw silver trade at Rs.41,760.
- However, as demonetization of Rs.500 and Rs.1,000 intensified, prices began to fall for the rest of the week.
- Courtesy of PM Modi’s assault on black money, silver prices ended at just Rs.40,735 per kilogram.
November '16 - Week 4 and 5 (21st to 30th)
- Silver traded at Rs.40,890 per kilogram on 21st November.
- Prices seemed to fluctuate this week as the nation faced a massive cash crunch.
- The lowest trading price of Rs.40,190 per kilogram was witnessed during the 25th of the month.
- Rates of silver increased towards the end of the week as demand picked up.
- Silver traded at Rs.41,055 per kilogram at the time of closing on 30th November.
- Overall, Hyderabad saw silver prices decline by about -4.32% for the month of November.
|October 1st Rate||Rs.45,900 per kg|
|October 31st Rate||Rs.43,035 per kg|
|Highest Rate in October||Rs.45,900 per kg on 1st and 2nd October|
|Lowest Rate in October||Rs.41,780 per kg on 15th and 16th October|
October ’16- Weeks 1 & 2 (1st-9th)
- Silver was priced at Rs.45,900 per kg on 1st October as demand was steady and markets were weak, prompting interest in silver.
- The price began to drop as demand reduced in the international market, with the domestic market seeing a drop in industrial demand.
- Prices fell sharply towards the end of the week as the markets stabilised, resulting in demand for silver dropping.
- Silver traded at Rs.41,800 per kg on 9th October to record a fall in price of Rs.4,100 per kg from the start of the week.
October ’16- Week 3 (10th- 16th)
- Prices recovered marginally due to an increase in demand from jewellers due to the ongoing festive season.
- Silver traded at Rs.42,600 per kg on 10th October and stayed steady in spite of markets stabilising and overall low demand internationally.
- The price fell as the week progressed as domestic markets also rose due to strong industrial data.
- Silver traded at Rs.41,780 per kg on 16th October, marking a decline in price of Rs.820 per kg from the beginning of the week.
October ’16- Week 4 (17th-23rd)
- Prices fluctuated due to markets being unstable, with silver trading at Rs.41,970 per kg on 17th October.
- Prices rose in the next few days before stabilising as demand stagnated.
- International demand was on par with domestic demand as the U.S. Dollar fell against other global currencies.
- Silver traded at Rs.42,130 per kg on 23rd October, with the price reflecting an increase of Rs.160 per kg from the start of the week.
October ’16- Week 5 (24th-31st)
- Silver prices made some gains during the week as a result of higher demand.
- Silver was priced at Rs.42,330 per kg on 24th October as demand from domestic and overseas markets saw an increase.
- The U.S. economic data revealed poorer than expected results, leading to markets falling and silver demand rising.
- Silver traded at Rs.43,035 per kg on 31st October after a late rally, an increase of Rs.705 per kg from the price at the start of the week.
|1st Day||Rs.45,225 per kilogram|
|Last Day||Rs.45,750 per kilogram|
|Highest Price||Rs.47,820 per kilogram on 7th September|
|Lowest Price||Rs.45,225 per kilogram on 1st September|
September '16 - Week 1 (1st to 4th)
- Silver rates picked up in the month of September.
- Silver traded Rs.45,225 per kilogram on 1st September, the lowest price for the entire month.
- As the expectations of an interest rate hike by the U.S. Federal Reserve settled down, demand for silver rose.
- By the end of the week, silver had risen by 3.39%, trading at Rs.46,760 per kilogram.
September '16 - Week 2 (5th to 11th)
- The second week of September started out strong but there were fluctuations through the week.
- On 5th September, silver traded at Rs.46,760 per kilogram.
- With high demand, prices rose to Rs.47,820 per kilogram on 7th September, the highest recorded price for the month.
- The market played off on hawkish comments by the U.S. Federal Reserve stating that an interest rate hike is possible.
- Silver rates dropped to Rs.46,835 per kilogram by the end of the week.
September '16 - Week 3 (12th to 18th)
- Market trends turned bearish this week as anticipation of a Fed rate hike grew strong.
- Silver traded at Rs.45,715 per kilogram on 12th September.
- Demand took a hit in the global and domestic market.
- At the end of the week, silver prices fell to Rs.45,370 per kilogram, a marginal decrease in prices.
September '16 - Week 4 (19th to 25th)
- Taking into account the upcoming U.S. presidential elections, the Federal Reserve took a decision to put the rate hike on hold for now.
- Investors, industrialists and coin makers increased their appetite.
- At the start of the week, silver traded at Rs.46,110 per kilogram.
- The highest price for this week was recorded on 22nd September at Rs.47,590 per kilogram.
- There was a slight drop in prices on 23rd September to Rs.47,535 per kilogram. Prices were constant for the rest of the week.
September '16 - Week 5 (26th to 30th)
- Domestic demand dropped on account of global bearish tendencies.
- On 26th September, silver traded at Rs.46,950 per kilogram.
- By the end of the month, silver traded low at Rs.45,750 per kilogram.
- The trend for this month was a 1.16% increase.
|1st August||Rs.49, 430 per kg|
|31st August||Rs.45, 460 per kg|
|Highest Price||Rs.49, 670 per kg on 03rd August|
|Lowest Price||Rs.44, 805 per kg on 29th August|
|Trend||Decline in silver prices|
August '16 – Weeks 1 (1st to 7th)
- The month started with silver prices at Rs.49, 430 per kg.
- Silver traded at Rs.49,670 per kg on the third day of the week which was also the highest silver rate recorded in the month of August. There was a moderate increase in silver price on day 5 of the week however it declined thereafter.
- Silver closed at Rs.47, 255 per kg on the last day of first week.
August '16 – Week 2 (8th to 14th)
- Silver opened at Rs.47, 460 per kg and remained steady for one day before silver prices increased.
- There was an increase in silver prices on the third day of the week. Silver prices increased from Rs.47, 460 to Rs.48, 595 per kg.
- Silver prices decreased during the last three days of the week and closed at Rs.47, 750 per kg.
August '16 – Week 3 (15th to 21st)
- Silver opened at Rs.47, 750 per kg which was the highest silver rate marked in the 3rd week of August.
- Silver prices continued to dip with minor fluctuations throughout the week.
- Silver closed at Rs.46, 690 per kg which was the lowest silver rate noted in the third week of the month.
August '16 – Week 4 (22nd to 28th)
- Following the weak trend overseas, silver prices declined slightly throughout the fourth week of the month.
- No significant increase or decrease in silver prices notes throughout the week. Silver prices remained almost steady.
- Silver closed at Rs.45, 040 per kg on the last day of fourth week of the month.
August '16- Week 5 (29th to 31st)
- On the first day of the week, silver traded at Rs.44, 805 per kg which is the lowest silver rate reported in the month of August.
- The decline in silver price throughout the week can be due to expected U.S rate hike, lack of demand from jewellers and positive U.S employment data.
- Silver prices increased in the last two days of the week and closed at Rs.45, 460 per kg.
|1st Day||Rs.46,490 per kg|
|Last Day||Rs.48,970 per kg|
|Highest Price||Rs.49,745 per kg on 11th July|
|Lowest Price||Rs.46,490 per kg on 1st July|
July'16 - Week 1 and 2 (1st to 10th)
- At Rs.46,490 per kg, silver was at its lowest price at the beginning of the month.
- Price of silver increased slightly to Rs.47,920 per kg the next day and stayed steady until the 3rd.
- Price of silver increased steadily after that to cost Rs.49,265 per kg on the 7th which was the highest for the week.
- Price of silver declined marginally after that to close at Rs.47,720 per kg on the last day of the second week.
July'16 - Week 3 (11th to 17th)
- On the 11th which was the first day of week 3, silver was priced at Rs.49,745 per gram which the highest for the month and the next day rates fell marginally though it managed to stay above the Rs.49,000 mark.
- Price of silver reduced even further as the week progressed with minor fluctuations.
- On the final day of the week, silver was priced at Rs.48,840 per kg and continued decreasing post that.
July '16 - Week 4 (18th to 24th)
- As compared to week, 4, there was a marginal decline in the price of silver. This decline can be attributed to due a decrease in demand.
- There were minor fluctuations noted in the price of silver as the week progressed.
- On the final day of the week, the price of silver was Rs.47,420 per kg which was relatively quite high.
July‘16 - Week 5 (25th to 31st)
- Price of silver declined again in the final week of the month although this decrease was minor and prices bounced back the next day.
- The highest rate of silver seen during the week was on the last two days of the month wherein silver was priced at Rs.48,970 per kg.
|June 1st Rate||Rs.38,640 per kg|
|June 30th Rate||Rs.44,635 per kg|
|Highest Rate in June||Rs.44,635 per kg on the 30th of June|
|Lowest Rate in June||Rs.38,640 per kg on the 1st of June|
June 2016 – Week One(June 1st to June 4th)
- Silver traded at Rs.38,640 per kg on the 1st of June.
- The rate of silver increased to Rs.38.865 on the 3rd of June due to heavy demand.
- Silver traded at Rs.39.755 per kg on the 4th of June.
Jun'16 - Week 2 (5th to 11th)
- Silver traded at Rs.39,755 per kg on the 5th of June.
- Price dropped down to Rs.39,585 per kg on the 8th of June.
- Silver traded at Rs.41,265 per kg on the 9th of June.
- Silver traded at Rs,41,510 per kg on the 11th of June.
Jun'16 - Week 3 (12th to 18th)
- Silver remained unchanged at Rs.41,510 on the 12th of June.
- Silver rose to Rs.41,935 per kg on the 13th of June.
- Silver hit the highest for the week on the 16th of June at Rs,42,985 per kg.
- Prices dropped down during the next two days as silver traded at Rs.42,235 per kg on the 18th of June.
Jun'16 - Week 4 (19th to 25th)
- Silver traded at Rs.42,235 per kg on the 18th of June.
- As demand increased, the price of silver increased to Rs.42,405 on the 21st of June.
- The price of silver further rose over the week and hit the highest for the week on the 24th of June at Rs.43,465 per kg.
Jun'16 - Week 5 (26th to 30th)
- Silver remained unchanged at Rs.43,465 per kg on the 25th and 26th of June.
- The price of silver dropped down to Rs.43,245 on the 28th of June owing to low demand in the domestic and global market.
- Silver closed the month at Rs.44,635 on the 30th of June.
|1st May rate||Rs. 42,590|
|31st May rate||Rs. 39,065|
|Highest rate in May||Rs. 42,675 on 2nd of May|
|Lowest rate in May||Rs. 38,795 on 30th of May|
May '16 - Weeks 1 and 2 (1st to 8th)
- The price of silver traded at a high at the start of the week but fell slightly towards the end of the week.
- Silver traded at Rs. 42,590 on the 1st of May and at Rs. 41,875 on the 8th of May.
- The price dropped on the 3rd due to a fall in demand but rates evened out over the rest of the week.
- The relatively weak Dollar and stock market led to a higher demand for silver.
May '16 -Week 3 (9th to 15th)
- Silver prices dipped at the start of the week but rallied and recouped some of their losses by the end of the week.
- Silver prices were Rs. 41,725 on the 9th of May and Rs. 41,255 on the 15th of May.
- Prices fell due to a slump in silver demand but the weak Dollar pushed prices up to maintain a stable rate.
- Speculation of a Fed rate hike resulted in the Dollar gaining some ground towards the end of the week, which caused a slide in silver prices.
May '16 - Week 4 (16th to 22nd)
- Silver prices continued to slide throughout the week on strong data from the stock markets.
- Silver continued to trade at Rs. 41,255 on the 16th of May and fell by the end of the week, trading at Rs. 40,135 for a kg.
- A US Federal Reserve rate hike and a stronger US Dollar contributed to the slide in silver prices.
- The markets also began to stabilise as the Dollar gained ground against bullion, adding to pressure on silver, leading to it dropping.
May '16 - Weeks 5 and 6 (23rd to 31st)
- Silver prices fell further, as the market was buoyed by a stronger Dollar and positive data from the manufacturing industry.
- Silver traded at Rs. 40,060 on the 23rd of May and at Rs. 39,065 on the 31st of May.
- Weaker demand in the light of the recovering Dollar also led to prices falling.
|April 1st Rate||Rs.37,015|
|April 30th Rate||Rs.42,590|
|Highest Rate in April||Rs.42,590 on the 30th of April|
|Lowest Rate in April||Rs.35,765 on the 4th of April|
|Overall Performance||Gain / Positive|
Apr'16 - Weeks 1 & 2 (1st to 10th)
- Silver rates fluctuated widely during the first ten days of trading after which they began picking up and maintaining consistency towards the end of the week.
- Prices were recorded at Rs.36,780 on the 1st of the month and Rs.36,620 on the tenth day of the month.
- Firming international and domestic cues in addition to increase in industrial demand and higher offtake ensured that there was no further decline in prices.
Apr ‘16 - Week 3 (11th to 17th)
- Silver prices fluctuated during the third week of trading as rates first increased and then decreased before rising again at the end of the week.
- Prices were recorded at Rs.37,115 on the 11th of April and Rs.39,110 by the end of the seven-day period.
- Prices were on the up by almost Rs.2000 over the third week of trading, marking a significant increase owing to increase in demand and strong global cues.
Apr ‘16 - Week 4 (18th to 24th)
- The fourth week of April also witnessed fluctuations in silver rates as prices remained unchanged for the first two days before increasing on the following two days and then dipping marginally and remaining constant until the end of the week.
- Prices were recorded at Rs.38,920 on the first day of the week and Rs.41,155 on the last.
- Over the course of the week, prices jumped by more than Rs.2200, making the penultimate week of trading record the highest gains in the month of April.
Apr ‘16 - Week 5 (25th to 30th)
- Silver rates were mostly on the rise during the final week of trading.
- Prices were recorded at Rs.40,520 on the first day of the week and Rs.42,590 on the last day of the month.
- The month ended on a good note for jewellers and traders as prices during the final week were the highest in the month.
|1st March rate||Rs.37,005|
|31st March rate||Rs.36,495|
|Highest rate in March||Rs.38,640 on 18th|
|Lowest rate in March||Rs.36,455 on 29th|
Mar'16 - Week 1 (1st to 6th)
- Silver prices declined in the first week of March.
- Prices were Rs.37,005 on 1st and Rs.36,640 on 6th.
- Prices were mostly stable over the week except for 2nd and third when they fluctuated between Rs.37,710 and Rs.36,640.
Mar'16 - Mar'16 - Week 2 (7th to 13th)
- Silver appreciated in the 2nd week.
- Prices were Rs.37,695 on 7th and Rs.37,710 on 13th.
- There was no major fluctuation as prices touched Rs.37,710 on 8th and remained there for the rest of the days.
Mar'16 - Week 3 (14th to 20th)
- Silver had some more gains in the 3rd week.
- Prices were Rs.37,650 on 14th and Rs.37,865 on 20th.
- Prices appreciated to Rs.38,640, the highest rate in March on 18th before falling back to Rs.37,865 by 20th.
Mar'16 - Week 4 (21st to 27th)
- Silver declined in the 4th week.
- Rates were Rs.37,930 on 21st and Rs.36,685 on 27th.
- Prices appreciated at the start of the week before declining towards the end.
Mar'16 - Week 5 (28th to 31st)
- Silver lost some more value in the last days of the month.
- Prices were Rs.36,570 on 28th and Rs.36,495 on 31st.
|1st February rate||Rs.34,970|
|29th February rate||Rs.36,295|
|Highest rate in February||Rs.38,640 on 12th|
|Lowest rate in February||Rs.34,970 on 1st|
Week 1 (1st to 7th)
- Silver gained value coming into February.
- Rates were Rs.34,970 on 1st and Rs.36,925 on 7th.
- Silver was up on consecutive days in the week to rise by a margin of Rs.1,955 overall.
Week 2 (8th to 14th)
- Silver was up once more in February.
- Rates were Rs.36,950 on 8th and Rs.38,525 on 14th.
- Silver traded in negative on 10th and 11th before rallying to Rs.38,640 on 12th and ending the week at a slightly lower Rs.38,525.
Week 3 (15th to 21th)
- Silver rates were marginally up during third week’s trading.
- Prices were Rs.37,220 on 15th and Rs.37,930 on 21st.
- Silver rose by Rs.710 in a week that saw very less fluctuations.
Week 4 (22nd to 29th)
- Silver shed some of the gains in the last days of the month.
- Rates were Rs.37,615 on 22nd and Rs.36,295 on 29th.
- Silver rose to Rs.37,815 by 24th before sliding gradually to Rs.36,295 to end the month on an overall positive note.
4 th January rate
31 st January rate
Highest rate in January
Rs.35,565 on 28th
Lowest rate in January
Rs.33,295 on 13th
Jan '16 - Week 1 (4 th to 10 th )
Silver gained value in the 1st week of trading in 2016.
Prices were Rs.33,230 on 4th and Rs.33,865 on 10th.
Silver breached the 34,000-mark and rose to Rs.34,220 on 8th.
Prices slid to Rs.33,865 on 9th and were stable on 10th.
Jan '16 - Week 2 (11 th to 17 th )
Silver gained more value in the 2nd week.
Rates were Rs.33,750 on 11th and Rs.34,335 on 17th.
Silver rose continuously over the week except on 11th when it dropped to Rs.33,750 from Rs.33,865.
Jan '16 - Week 3 (18 th to 24 th )
Silver continued the positive run through the 3rd week also.
Rates were Rs.34,115 on 18th and Rs.34,425 on 24th.
Silver dropped marginally to Rs.34,070 on 19th before rising to Rs.34,800 by 21st.
Prices slid to Rs.34,480 on 22nd and again to Rs.34,425 on 23rd.
Jan '16 - Week 4 (25 th to 31 st )
Silver appreciated in the final week of the month.
It was priced at Rs.34,435 on 25th and Rs.34,930 on 31st.
Prices were mostly on the upward trend, touching a high of Rs.35,565 on 28th before losing some value over the next 3 days to end the month at Rs.34,930.
|Highest rate in December||Rs.35,050 on 5th and 6th|
|Lowest rate in December||Rs.33,050 on 18th|
- Silver Rates appreciated in the 1st week of the month.
- Rates were Rs.34,040 on 1st and Rs.35,015 on 7th.
- Silver fell on 3rd to sub-34,000 level before rallying on 5th to touch Rs.35,050.
- Silver prices declined in the 2nd week.
- Rates were Rs.34,415 on 8th and Rs.33,670 on 14th.
- Silver fell below 34,000 for the first time in the week on 11th and again on 14th to end lower at Rs.33,670.
- Silver Rates were up in the 3rd week.
- Prices were Rs.33,230 on 15th and Rs.33,900 on 21st.
- Silver was stable within the week-start and week-end rates all through the week.
- Silver Rates were once again mostly stable in the final weeks of December.
- Prices were Rs.34,020 on 22nd and Rs.33,405 on 31st.
- Silver was stable at a little over 34,000 all through 4th week but fell below this mark in the 5th week when it traded in Rs.33,490, Rs.33,545 and Rs.33,405.
|1st November rate||Rs.36,665|
|Highest rate in November||Rs.36,850 on 2nd|
|Lowest rate in November||Rs.33,725 on 23rd|
- Silver Rates depreciated in the 1st week of the month.
- Rates were Rs.36,665 on 1st and Rs.35,220 on 7th.
- Silver rose marginally to Rs.36,850 on 2nd before falling over the next 2 days to rest at Rs.35,820 on 5th.
- Silver dropped to Rs.35,220 on 7th from Rs.35,825 on 6th.
- Silver prices declined again in the 2nd week.
- Rates were Rs.35,220 on 8th and Rs.34,090 on 14th.
- Silver rose by Rs.1,045 on 9th to Rs.36,265 before depreciating consecutively till 13th to Rs.34,050.
- There was a marginal gain of Rs.40 on 14th when silver was selling at Rs.34,090.
- Silver Rates were stable overall in the 3rd week.
- Prices were Rs.34,090 on 15th and Rs.34,005 on 21st.
- Silver appreciated to Rs.34,485 on 16th before settling at Rs.34,090 again by 20th.
- Prices dropped to Rs.34,005 on 21st.
- Silver Rates were once again mostly stable in the final weeks of November.
- Prices were Rs.34,005 on 22nd and Rs.33,940 on 30th.
- Silver dropped to a low of Rs.33,725 on 23rd but otherwise stayed between Rs.34,090 and Rs.34,290 till 29th.
- Prices dropped to Rs.33,940 on 30th from Rs.34,090.
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.
Silver Rates in Hyderabad in 2015
Per kg silver rate in Hyderabad at the start of 2015 was Rs.36,192. This increased to Rs.40,582 by 21st January, and stayed above Rs.37,000 for the most part of February. The first half of March saw prices declining to Rs.35,465 by 17th March, before a short recovery which brought prices to Rs.39,082 by 27th March. Prices once again stabilized at around Rs.37,000 over the course of April, before increasing demands for the metal took prices to Rs.43,566 by 18th May. Price per kg of silver in Hyderabad on 16th June was Rs.39,768.
Also Check Silver Price in NearBy Cities of Hyderabad
|Silver Rate in Chennai||Silver Rate in Bangalore||Silver Rate in Vijayawada|
|Silver Rate in Mysore||Silver Rate in Ahmedabad||Silver Rate in Visakhapatnam|
|Also Know: Gold Rate in Hyderabad|
Read more on Silver
- Some Facts About Silver
- Global Silver Demand
- Hallmarking Of Silver
- Buying Silver Bars And Coins
- Why Should You Invest In Silver?
- Learn About the Silver Price in COMEX
Silver Rate - Sitemap
News About Silver Rate in Hyderabad
Silver, spot gold prices increase on weak dollar index
Price of spot gold and silver increased due to a weak dollar index. The spot price of 99.9% gold was Rs.28,710 per gram which was an increase of Rs.70 as compared to the previous week. Gold of 99.5% purity had also increased by Rs.70 per 10 gram. The price of spot silver went up by Rs.125 per kg. Dealers of bullion attribute this increase in gold and silver rates to the falling of the dollar index.
The dollar index fell to a five and a half week low of 99.99 in the Asian session due to dovish tone from the US Federal Reserve due to which prices are increasing. Gold futures traded at Rs.28,550 per 10 gram which was an increase of Rs.40 from the previous week.
21st March, 2017