Silver Rate in Hyderabad Today

Todays Silver price in Hyderabad:

  • 1 gram silver price is 74.60 Indian Rupee
  • 1 kg silver price is 74,600 Indian Rupee
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( 06 May 2021 )

    ₹ 74.6
    Today's Silver Rate per gram

    Compare Silver Rate In Hyderabad (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Silver (1 gram) ₹ 74.6 ₹ 75.3 ₹ -0.7 ↓
    Bar Silver (1 Kg) ₹ 74,600 ₹ 75,300 ₹ -700 ↓

    Silver Price In Hyderabad For Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    05 May 2021 ₹ 74.6 ₹ 74,600
    04 May 2021 ₹ 75.3 ₹ 75,300
    03 May 2021 ₹ 73.4 ₹ 73,400
    02 May 2021 ₹ 72.8 ₹ 72,800
    01 May 2021 ₹ 74 ₹ 74,000
    30 Apr 2021 ₹ 72.8 ₹ 72,800
    29 Apr 2021 ₹ 73.9 ₹ 73,900
    28 Apr 2021 ₹ 73.5 ₹ 73,500
    27 Apr 2021 ₹ 74 ₹ 74,000
    26 Apr 2021 ₹ 74 ₹ 74,000

    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
    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 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%.

    Also Check Silver Price in Metro Cities

    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.

    Trend of Silver Rate in Hyderabad for December 2020 (rates per kg)

    Parameters Silver Price (per kg)
    December 1 Rate Rs.64,600 per kg
    December 31 Rate Rs.72,300 per kg
    Highest Rate in December Rs.74,100 per kg on 21 December
    Lowest Rate in December Rs.63,400 per kg on 10 December
    Overall Monthly Performance Incline
    Percentage Change 11.9%
    • In Hyderabad, opening the month of December at Rs.64,600 per kg, silver rate showed a declining trend in the first week as it dipped to its monthly low of Rs.63,400 per kg on 10 December due to positive news surrounding the COVID-19 vaccine.
    • With the new strain of the virus seen in different countries such as the United Kingdom and Italy, the risk appetite dipped amongst investors and the white metal’s value rose in the market and hit its monthly high at Rs.74,100 per kg on 21 December.
    • As the dollar value recovered in the market, silver price in Hyderabad dipped marginally to close the month at Rs.72,300 per kg on 31 December and recorded an overall percentage incline of 11.9.

    Trend of Silver Rate in Hyderabad for November 2020 (rates per kg)

    Parameters Silver Price (per kg)
    November 1 Rate Rs.60,100 per kg
    November 30 Rate Rs.63,300 per kg
    Highest Rate in November Rs.70,000 per kg on 7 November
    Lowest Rate in November Rs.60,100 per kg on 1 November
    Overall Monthly Performance Incline
    Percentage Change 5.32%
    • At Rs.60,100 per kg, silver prices opened the month of November on 1 November and showed an inclining trend throughout the first week of the month. With the rise in COVID-19 cases, the price of the metal increased.
    • The price of silver hit its highest of the month at Rs.70,00 per kg on 7 November as the dollar value dropped in the market, prompting investors to shift to safe-haven assets.
    • At the end of the month, silver rate in Hyderabad closed at Rs.63,300 per kg, recording a percentage monthly incline of 5.32.

    Trend of Silver Rate in Hyderabad for October 2020 (rates per kg)

    Parameters Silver Price (per kg)
    October 1 Rate Rs.60,700 per kg
    October 31 Rate Rs.61,000 per kg
    Highest Rate in October Rs.63,500 per kg on 21 October
    Lowest Rate in October Rs.60,210 per kg on 8 October
    Overall Monthly Performance Incline
    Percentage Change 0.49%
    • Opening the month at Rs.60,700 per kg, silver rate in Hyderabad showed a heavily fluctuating trend throughout the month. The metal hit its lowest price of the month on 8 October at Rs.60,210 per kg.
    • With constant fluctuations in its price due to various international factors such as the fluctuating price of the dollar, the uncertainty around the U.S. stimulus package along with the U.S. elections.
    • On 21 October, the metal hit its highest price of the month at Rs.63,500 per kg and closed at Rs.61,000 per kg, recording a percentage incline of 0.49.

    Trend of Silver Rate in Hyderabad for September 2020 (rates per kg)

    Parameters Silver Price (per kg)
    September 1 Rate Rs.76,500 per kg
    September 30 Rate Rs.62,500 per kg
    Highest Rate in September Rs.76,500 per kg on 1 September
    Lowest Rate in September Rs.58,500 per kg on 24 September
    Overall Monthly Performance Decline
    Percentage Change -18.30%
    • On 1 September, silver price in Hyderabad opened the month at Rs.76,500 per kg and was at its highest on the same day as the value of the U.S. dollar dipped against other currencies in the international market.
    • However, as the value of the dollar recovered in the market, silver rate showed a declining trend throughout the month. On 24 September, the metal dipped to hit its lowest price of the month at Rs.58,500 per kg.
    • At the end of the month, on 30 September, silver rate recovered marginally and closed the month at Rs.62,500 per kg, recording an overall percentage decline of 18.30.

    Trend of Silver Rate in Hyderabad for August 2020 (rates per kg)

    Parameters Silver Price (per kg)
    August 1 Rate Rs.65,010 per kg
    August 31 Rate Rs.66,370 per kg
    Highest Rate in August Rs.76,520 per kg on 8 August
    Lowest Rate in August Rs.65,010 per kg on 1 and 13 August
    Overall Monthly Performance Incline
    Percentage Change 2.09%
    • Silver rate in Hyderabad opened the month of August at Rs.65,010 per kg on the first of the month. The metal’s value increased to hit an all-time high at Rs.76,520 per kg on 8 August due to a dipping dollar value.
    • However, the silver price dipped as the dollar value recovered in the market and hit its lowest price of the month again on 13 August at Rs.65,010 per kg.
    • At the end of August, silver price in Hyderabad increased marginally and closed at Rs.66,370 per kg on 31 August with an incline of 2.09%.

    Trend of Silver Rate in Hyderabad for July 2020 (rates per kg)

    Parameters Silver Price (per kg)
    July 1 Rate Rs.48,560 per kg
    July 31 Rate Rs.63,010 per kg
    Highest Rate in July Rs.66,060 per kg on 30 July
    Lowest Rate in July Rs.48,510 per kg on 5 July
    Overall Monthly Performance Incline
    Percentage Change 29.75%
    • The price of silver opened the month of July at Rs.48,560 per kg in Hyderabad. When compared to the price charged on the final day of the previous month, the rate of the white metal was up by Rs.50.
    • Silver rates witnessed a lot of fluctuations over the month. Siver rate in Hyderabad recorded its highest and lowest price for the month on 30th and 5th of July when a kilo cost Rs.66,060 and Rs.48,510 respectively.
    • Silver price in Hyderabad closed the month of July at Rs.63,010 per kg. The overall performance witnessed an inclining trend in the rates with the percentage change being 29.75%.

    Trend of Silver Rate in Hyderabad for June 2020 (rates per kg)

    Parameters Silver Price (per kg)
    June 1 Rate Rs.50,120 per kg
    June 30 Rate Rs.48,510 per kg
    Highest Rate in June Rs.50,160 per kg on 2 June
    Lowest Rate in June Rs.47,110 per kg on 16 June
    Overall Monthly Performance Decline
    Percentage Change -3.21%
    • Silver prices in Hyderabad opened the month of June at Rs.50,120 per kg and increased to hit its highest price on 2 June at Rs.50,160 per kg. However, after hitting its higher price, the value of the metal dipped due to increased risk appetite of investors which economies reopening.
    • With the dipping prices of the metal, silver hit its lowest price of the month on 16 June at Rs.47,110 per kg as the rise in COVID-19 cases resulted in the subdued demand of the metal in the country.
    • In the last week of the month, silver rate in Hyderabad showed fluctuating prices and closed the month at Rs.48,510 per kg on 30 June, increasing marginally, and recording an overall percentage decline of 3.21.

    Trend of Silver Rate in Hyderabad for May 2020 (rates per kg)

    Parameters Silver Price (per kg)
    May 1 Rate Rs.42,530 per kg
    May 31 Rate Rs.50,100 per kg
    Highest Rate in May Rs.51,400 per kg on 25 May
    Lowest Rate in May Rs.41,010 per kg on 2 May
    Overall Monthly Performance Incline
    Percentage Change 17.79%
    • In Hyderabad, silver rate opened the first week of May at Rs.42,530 per kg on 1 May and dipped substantially on 2 May to Rs.41,010 per kg with investors shifting away from the bullion and focusing on the equities market with Japanese equities showing positive trends. The price of the metal on 3 May increased marginally to Rs.42,210 per kg and further increasing to Rs.42,220 per kg on 4 May. With investors focusing on the bullion market, due to a weak dollar value in the market, the price of the metal increased on 5 May to Rs.41,520 per kg. However, on the next day, silver prices fell to Rs.41,310 per kg on 6 May and the metal closed the first week of the month with its prices increasing and crossing the Rs.42,000 per kg mark at Rs.42,010 per kg on 7 May.
    • On 8 May, opening the second week of the month, silver rate in Hyderabad was at Rs.42,060 per kg, with a marginal rise in prices. The metal saw a surge in its prices on 9 May at Rs.43,510 per kg with investors shifting towards the bullion market due to its haven appeal, with speculations of the second wave of COVID-19 cases all over the world. Bullion prices were holding steady and heading towards a bullish trend, increasing to Rs.43,620 per kg on 11 May. However, the price of the metal began to decline in the second half of the week at Rs.43,090 per kg on 12 May and further decreasing to Rs.42,950 per kg on 13 May. With the value of the U.S. dollar holding steady and capping the gains of the bullion, the price of the metal dipping due to investors shifting to the equities market. However, the metal recovered marginally on 14 May at Rs.42,960 per kg and further increased to Rs.43,160 per kg on the last day of the week on 15 May.
    • In the third week of the month, silver rate in Hyderabad opened at Rs.46,900 per kg on 16 May, increasing by Rs.3,740 per kg compared to last week’s closing price. The rise in prices was due to China imposing security law on Hong Kong creating tensions between the former with the United States of America. With investors awaiting the response of Washington concerning the issue, the price of the metal increased. However, the gains were cut short on 17 May, with the price of the metal dipping to Rs.46,710 per kg and increasing marginally to Rs.46,720 per kg on 18 May. Increasing to Rs.48,510 per kg on 19 May, the price of the metal showed a positive trend in the international market with tensions rising between the two countries. On 20 May, the price of the metal dipped yet again to Rs.47,670 per kg and increased, crossing the Rs.48,000 per kg mark at rs.48,200 per kg on 21 May. At the end of the week, silver prices closed at Rs.48,350 per kg on 23 May.
    • Silver prices in Hyderabad fluctuated heavily in the last week of the month, opening at Rs.48,360 per kg on 24 May and increasing to hit the highest price of the week and the month to Rs.51,400 per kg on 25 May. The price of the metal dipped substantially on 26 May due to profit booking amongst investors and was at Rs.48,000 per kg and with various countries relaxing lockdown restrictions all over the world, investors with a higher risk appetite shifted to the equities market expecting the economy to recover faster. The price of the metal on 27 May increased marginally to Rs.48,700 per kg. However, the metal’s prices, on higher risk appetite, dipped to Rs.47,910 per kg on 28 May and held steady at the same price on 29 May. Recovering marginally to be priced at Rs.48,560 per kg on 30 May, silver prices increased further with riots occurring all over the United States of America and closing at Rs.50,100 per kg, with a percentage incline of 17.79.

    Trend of Silver Rate in Hyderabad for April 2020 (rates per kg)

    Parameters Silver Price (per kg)
    April 1 Rate Rs.40,500 per kg
    April 30 Rate Rs.41,520 per kg
    Highest Rate in April Rs.42,710 per kg on 21 April
    Lowest Rate in April Rs.40,360 per kg on 6 April
    Overall Monthly Performance Incline
    Percentage Change 2.51%
    • Opening at Rs.40,500 per kg, silver prices in April should a fluctuating trend in the international and national bullion market in Hyderabad. With the lockdown in full effect in India during the first week of April, major bullion trading centres were shut to prevent the spread of COVID-19. With no trade being done, the price of the metal remained steady till 5 April. On 6 April, silver prices dipped marginally to Rs.40,360 per kg due to increased risk appetite amongst investors with the increasing value of the U.S. dollar in the international market. On 7 April, silver prices increased marginally to Rs.40,370 per kg and closed the week at the same price.
    • In the second week of the month, silver price in Hyderabad opened at Rs.41,290 per kg with decreased risk appetite amongst investors with the rise in new COVID-19 cases all over the world. After being priced at Rs.41,290 per kg on 8 April, the price of the metal dipped marginally to Rs.40,960 per kg and further increasing to Rs.41,000 per kg on 10 April. The rise in prices was continuous due to decreased risk appetite amongst investors along with central banks and the United States Federal Reserve releasing stimulus packages to help sustain the economy. On 11 April, a kilogram of silver was priced at Rs.41,100 per kg increasing by a mere Rs.100 and held steady on 12 April as well with no change in prices. With no respite from COVID-19 and the continuous rise in new cases all over the world, the haven appeal of silver increased to a great extent, with its price rising to Rs.41,310 per kg on 14 April and increasing to Rs.41,920 per kg on 15 April. The metal ended the week at the highest price till the date of the metal.
    • The third week of April saw silver prices constantly fluctuating with continuous inclines and declines due to various global factors affecting the prices on a frequent level. Opening the week on 16 April, silver was priced in Hyderabad at Rs.41,860 per kg, down marginally by Rs.60 per kg compared to the closing price of the previous week. The metal’s prices increased to Rs.41,900 per kg on 17 April yet again. However, with possible reports of a vaccine being talked about, the risk appetite amongst investors increased and prompted them towards the stock market, hitting silver prices to a great extent. Dipping by Rs.690 in one day, the price of silver was Rs.41,210 per kg on 18 April. With the aftermath of reports of a possible vaccine, the metal’s prices were relatively stagnant on 19 April at Rs.41,160 per kg and increasing marginally to Rs.41,170 per kg on 20 April. However, on 21 April, with reports of a possible vaccine being false and a rumour, the price of the metal surged to hit its highest of the week and the month at Rs.42,710 per kg and ended the week at Rs.41,420 per kg on 23 April.
    • Silver prices showed mixed signals in the last week of the month, with heavy inclines in the first few days of the week. On 24 April, silver was priced in Hyderabad at Rs.42,430 per kg and increased to Rs.42,540 per kg on 25 April. The rise in prices was majorly due to a surge in COVID-19 cases all over the world. With this, investors shifted back to the bullion market due to its safe-haven appeal. By 26 April, the price of the metal was priced at Rs.42,600 per kg, very close to its monthly high and increased to Rs.42,610 per kg on 27 April. However, in the last 3 days of the month, the price of the metal dipped extensively with many countries talking about easing their lockdown restrictions and with larger countries such as the United States of America reopening their essential businesses. With increased risk appetite, investors shifted to the bullion market and silver rate in Hyderabad closed the month at Rs.41,520 per kg on 30 April with an overall percentage incline of 2.51.

    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 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

    • Gold prices below the Rs.46,500 per 10-gram mark; silver prices fall marginally

      Gold futures in India witnessed a substantial decline in the domestic market following a negative trend seen in the international market. Gold prices dipped by more than Rs.700 at Rs.717 to Rs.46,102 per 10 grams due to a drop in its international prices.

      Silver prices also recorded a decline by more than Rs.1,000 to below the Rs.68,500 per-kg mark. The value of silver dipped by Rs.1,274 to Rs.68,239 per kg. On the Multi Commodity Exchange, gold futures for April delivery were trading 0.84% lower at Rs.46,505 per 10 grams. Silver futures were trading lower as well by 0.58% at Rs.68,967 per kg.

      18 February 2021

    • Value of gold drops for the second consecutive day; silver prices at Rs.66,000 per kg

      Gold prices dropped to Rs.48,800 per 10 grams and silver prices dipped by Rs.200 to Rs.66,000 per kg. In New Delhi, the price of 22-karat gold was Rs.47,800 per 10 grams after declining by Rs.100 and in Chennai, the price was Rs.46,220 per 10 grams. In Mumbai, 22-karat gold was priced at Rs.47,800 per 10 grams and in Chennai, 24-karat gold was Rs.50,620 per 10 grams.

      In the international market, gold prices eased due to the recovery of the U.S. dollar. Spot gold was dipped by 0.2% and was at $1,840 per ounce. Gold futures of U.S. also declined by 0.3% to Rs.1,838.60 per ounce.

      29 January 2021

    • Gold Expected to hit new high in 2021, Silver Rs.90,000

      The price of gold rose 27%, while silver prices surged 50% for the year 2020. The price of gold in global markets rose 25% higher for the year 2020 and recorded its biggest yearly gain in a decade.

      Analysts expect the precious metals to continue growing for the year due to various reasons. The decline in US dollar and uncertainty regarding the Covid-19 vaccination for large populations are two of the biggest reasons which will compel investors to turn to precious metals which are also considered safe havens.

      05 January 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

    • Gold and silver prices see an inclining trend in the market

      Gold contracts for delivery in December was trading higher at Rs.50,500 per 10 grams, increasing by more than Rs.400. In the previous session, the metal’s price had declined marginally by Rs.85 to Rs.50,064 per 10 grams.

      Silver prices have showed a stronger trend as well on the Multi Commodity Exchange. The price of the white metal had increased by Rs.1,980 and was trading at Rs.69,500 per kg. In the previous session, silver had closed at Rs.67,509 per kg.

      In the international market, the rate of gold increased by 1%. Spot gold was trading at $1,894.44 per ounce soon after hitting a weekly high at $1,900.04 per ounce. U.S. gold futures increased by 0.9% to $1,899.10 per ounce.

      29 December 2020

    • Gold prices rise by Rs.45, and silver rates increase by Rs.407

      Gold rates had increased by Rs.45 and reached Rs.48,273 per 10 gram in the national capital. 

      The metal had closed at Rs.48,228 per 10 gram. Silver rates had increased by Rs.407 and reached Rs.59,380 per kg. 

      01 December 2020

    • Gold prices reach Rs.50,910, and silver rates increase by 0.85%

      The price of spot gold had increase by 0.02% and reached Rs.50,910 from Rs.50,900. This was lower than last week’s price of Rs.50,935.71 by 0.05%. The international spot gold rates had increased by 0.15%. The final value of the metal was $1,907.1 per Troy ounce. The rate is now 0.34% higher than the average gold rates that had been seen $1,900.6.

      05 November 2020

    • Gold prices hold steady at Rs.52,890 per 10 grams; silver price at Rs.61,500 per kg

      The price of gold held steady on 27 October at Rs.52,890 per 10 grams and silver was trading at Rs.61,500 per kg. In the capital city, the price of 22-karat gold was Rs.49,400 per 10 grams and Rs.47,230 per 10 grams in Chennai. The value of 24-karat gold in Chennai was Rs.51,410 per 10 grams.

      On the Multi Commodity Exchange, gold futures for December increased marginally by 0.17% to Rs.50,925 per 10 grams. Silver futures were priced at Rs.61,980 per kg.

      In the international market, the price of gold dipped below the $1,900 per ounce levels and was at its lowest in more than one week. This was majorly due to the rise in the value of the dollar and uncertainty around the U.S. stimulus package.

      27 October 2020

    • Silver and gold prices record marginal inclines

      The price of gold increased by Rs.10 to Rs.50,540 per 10 grams on 17 October compared to closing at Rs.50,530 per 10 grams in its previous session. 22-karat gold was priced at Rs.49,540 per 10 grams compared to its previous closing price of Rs.49,530 per 10 grams.

      Silver prices increased by Rs.100 to Rs.61,700 per kg compared to its closing price in the previous session at Rs.61,600 per kg.

      The price of gold in Mumbai was Rs.49,540 per 10 grams for 22-karat gold and Rs.50,540 per 10 grams for 24-karat gold. In Delhi, 24-karat gold was priced at Rs.53,750 per 10 grams. On the Multi Commodity Exchange, gold futures for December delivery decreased to Rs.50,653 per 10 grams.

      In the international market, gold prices dipped as the value of the U.S. dollar increased in the market and uncertainty over another stimulus package to be released before the elections.

      18 October 2020

    • Gold prices dip by Rs.694; silver prices record an incline

      Gold price in the domestic market recorded a decline of Rs.694 and was Rs.51,215 per 10 grams in New Delhi on 7 October 2020. As the value of the rupee appreciated against the dollar, the price of gold took a hit according to various sources. The metal had previously closed at Rs.51,909 per 10 grams.

      Silver prices increased marginally by Rs.126 to Rs.63,427 per kg compared to its previous closing price. The value of the rupee strengthened by 13 paise against the U.S. dollar, settling at 73.33 due to a positive trend in the domestic equities market.

      In the international market, gold was trading at $1,892 per ounce, gaining compared to its price in the previous session and silver was trading flat at $23.73 per ounce.

      8 October 2020

    • Gold rates increase and silver stands at Rs.70,000

      Gold rates in India had gained for the second next session and had tracked positive cues in the international market. The rates of gold and silver had increased over 1.50% in the international market and it had been backed by a weak U.S. dollar. The U.S. Federal Reserve's policy commentary for a lot more inflation tolerance had supported the bullion.

      1 September 2020

    • Silver prices increase by Rs.502 for a kg on 19 August 2020

      According to the details provided by the Indian Bullion and Jewellers Association, silver prices increased by Rs.502 on 19 August and were at Rs.69,998 for a kg. Silver futures prices increased by 0.61% and were at Rs.69,575 for a kg. Unlike silver, the prices of gold decreased from Rs.54,111 to Rs.53,815 for 10 grams. Gold prices in India are inclusive of making charges, state taxes, and excise duty. Gold futures prices for the month of October on MCX increased by 0.56% and were at Rs.53,573 for 10 grams. Spot gold prices in the international markets rose by 0.7% and were at $1,999.76 for an ounce. Gold prices in India are inclusive of 3% GST and 12.5% import duty. Gold prices have increased significantly this year due to the coronavirus outbreak and the tensions between China and the US.

      19 August 2020

    • Silver price plunge by Rs.3,112

      Due to selling pressure, the price of the white metal was down by Rs.3,112 in the country. Following the decline, a kilo was retailed for Rs.69,540. In the previous session, a kilogram of silver was trading at Rs.72,562. In the global market, an ounce of silver cost $27.43. It must be noted here that gold price also recorded a drop as international rates declined. In the national capital, the price of the yellow metal was down by Rs.640 and was retailed for Rs.54,269 for every 10 grams. The price of gold was quoted at $1,988 per ounce in the international oil market.

      19 August 2020

    • Silver rates slip on Friday

      Silver rates plunged by 0.81 percent on Friday and cost $27.3 per troy ounce. On the Multi Commodity Exchange (MCX), silver futures were down by 1.22 percent and was retailed for Rs.70,209 per kg. Spot gold rates in India however saw an increase of 0.02 percent even though global gold prices witnessed a drop of 0.14 percent. On the MCX, gold futures plunged by 0.65 percent to cost Rs.52,801 for every 10 grams. However, the gold spot price increased to Rs.52,260. Among other precious metals, platinum fell by 0.31 percent to cost $957.5 per troy ounce. It must be noted here that the dollar to rupee conversion today increased to Rs.74.9 when compared to the previous close of Rs.74.8. The increase might push the price of the yellow metal higher in the domestic markets.

      14 August 2020

    • Silver prices reduce to Rs.62,955 for a kg on 12 August 2020

      Silver futures prices on MCX fell by around 6% and were at Rs.62,955 for a kg. In the international markets, silver prices reduced by 2.84% and were at $24.10 for an ounce. Like silver, gold prices reduced in India as well. Gold futures prices on MCX fell by 3.0% and were at Rs.50,581 per 10 grams. In the previous session, gold prices fell by Rs.1,517.43 or 5.61% for 10 grams. In the global markets, gold prices continued to fall and were at $1,889.70 for an ounce. In the case of inflation or currency debasement, investors move towards gold. Gold prices in India are inclusive of 3% GST and 12.5% import duty.

      12 August 2020

    • Gold and silver prices drop after 7 days of continuous incline

      On Tuesday, 28 July 2020, gold and silver prices fell after rising for the previous week. Gold prices dipped by Rs.187 to Rs.52,846 per 10 grams compared to its previous closing price of Rs.53,033 per 10 grams. Silver prices fell by Rs.1,933 to Rs.64,297 per kg compared to Rs.66,230 per kg in its previous session.

      In the international market, the price of gold was $1,9,23 per ounce and silver was trading at $23.60 per ounce. According to sources, the drop in price was due to investors booking profits and the value of the U.S. dollar increasing in the market.

      28 July 2020

    • Silver rate may touch all-time high of Rs.75,000 per kg

      Over the last few days, silver has taken center stage given that the rates have increased substantially. In this month alone, the price of the white metal’s has jumped by about 25 percent. The recent spike in the rates have made experts feel that silver prices could even touch its all-time high of Rs.75,000 per kg which was seen in the month of April in 2011. The precious metal closed Thursday at Rs.60,785 per kg which was a seven-year high. The increase in the rates has been witnessed as investors look for a hedge against a possible rise in inflation as countries roll out stimulus packages in the wake of the Covid-19 pandemic. A weak US dollar and lower yields are also supporting prices. It must be noted here that the ratio of gold price to that of silver has fallen to 81-82 from lifetime high of 124 in March given the increase in silver rates.

      24 July 2020

    • Gold prices increase and silver rises by 2%

      The gold rates in India had sold much higher on the Multi Commodity Exchange (MCX) and had tracked gains in the international spot rates which had increased to a high.

      The gold futures for the month of August had increased by 0.14% to Rs.49,097 per 10 grams and this is against Rs.49,027 and the opening price of Rs.49,078 on the MCX. The silver futures had increased by 2.19% at Rs 55,188 per kg. The prices opened at Rs 54,802 as compared to the previous close of Rs 54,005 per kg.

      21 July 2020

    • Gold and silver prices to surge due to economic instability and surge in global COVID-19 cases

      Gold prices in the international market were trading above the $1,800 per ounce levels indicating a positive trend due to fresh global economic outlook and the rise in COVID-19 cases. According to experts, the value of gold and silver is expected to increase with gold prices expected to hit the Rs.51,000 per 10 grams mark and silver prices to rise up to the Rs.53,000 per kg levels.

      Anuj Gupta, Deputy Vice President – Commodities and Currencies Research at Angel Broking stated that on 7 July, the bullion had traded on the higher side and gold prices increased by 1.19% and silver prices rose by 0.83%. The safe-haven demand for these metals is rising due to the surge in COVID-19 cases all over the world. With the economic slowdown and the global economic forecast at a low, the bullion market is in high demand.

      According to Prithviraj Kothari, National President, India Bullion and Jewellers Association, gold prices have reached a new range of between $1,800 - $1,850 per ounce while silver prices were holding strong at the $18 per ounce mark. Investors all around the world have indulged in the buying of gold and silver and that was supporting the bullion market.

      9 July 2020

    • Gold, and silver rates reduce as profit booking increase

      The prices of gold and silver had seen profit booking and reduced. As the markets across the world had been on an upward trend, there were hopes of a fast swift economic recovery. Gold rates had dipped by Rs.42 to Rs.48,964 per 10 gram in Delhi and during the previous trading session, the metal had closed at Rs.49,006 per 10 gram.

      7 July 2020

    Silver Rate In Metro Cities
    Silver Rate In Other Capitals
    Silver Rate In Other Major Cities
    Silver Rate In States

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