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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 February 2018 (rates per kg)
|Parameters||Silver price (per kg)|
|Silver Rate on 1st February 2018||Rs.42,600 per kg|
|Silver Rate on 28th February 2018||Rs.41,200 per kg|
|Highest Rate in February||Rs.42,600 per kg on 1 and 2 February|
|Lowest Rate in February||Rs.40,600 per gram on 10 and 11 February|
|Overall Monthly Performance||Decline|
Trend of Silver Rate in Hyderabad for January 2018 (rates per kg)
|Parameters||Silver price (per kg)|
|Silver Rate on 1st January 2018||Rs.38,925 per kg|
|Silver Rate on 31st January 2018||Rs.42,200 per kg|
|Highest Rate in January||Rs.42,700 per kg on 29 January|
|Lowest Rate in January||Rs.38,925 per kg on 1, 2 and 10 January|
|Overall Monthly Performance||Incline|
Trend of Silver Rate in Hyderabad for December 2017 (rates per kg)
|Parameters||Silver price (per kg)|
|Silver Rate on 1st December 2017||Rs.38,230 per kg|
|Silver Rate on 31st December 2017||Rs.39,265 per kg|
|Highest Rate in December||Rs.39,365 per kg on 30 and 31 December|
|Lowest Rate in December||Rs.36,545 per kg on 13 December|
|Overall Monthly Performance||Incline|
December 2017 - Week 1 (1st to 10th)
- The month began in Hyderabad with silver trading at Rs.38,230 per kg on the 1st of December.
- Silver price in Hyderabad rose to Rs.38,815 per kg on the 2nd which continued on to the next day with steady demand from industrial units and coin manufacturers.
- However, the 4th saw silver rate in Hyderabad plummeting to Rs.38,005 per kg with the US dollar strengthening after the Republican tax bill was narrowly voted for by the US Senate.
- On the 5th, silver prices declined further to Rs.37,965 per kg before surging to Rs.38,395 per kg on the 6th with the US dollar gaining against other major emerging currencies.
- Strong dollar index coupled with firmer equities in the world market led silver rates remaining low for much of the week. This resulted in silver prices falling to Rs.37,235 per kg on the 7th of December.
- The 8th witnessed silver rate in Hyderabad plunging to Rs.36,620 per kg with demand for industrial metal declining amid the poor trends overseas.
- Prices, however, recovered to Rs.36,715 per kg on the 9th due to a slight increase in global demand from industries and coin makers.
- The week concluded with the white metal holding steady at Rs.36,715 per kg on the 10th, thanks to a steady but subdued demand amid the uneven trends overseas.
December 2017 - Week 2 (11th to 17th)
- When trading opened for the second week silver was priced at Rs.36,920 per kg on the 11th with demand slightly improving from the previous week.
- However, silver price in Hyderabad dropped to Rs.36,620 per kg the next day before declining to Rs.36,545 per kg on the 13th amid the strengthening US dollar and well-performing equity markets. This was also the lowest recorded monthly figure in Hyderabad.
- A decline in the US dollar index after the dollar weakened against other major emerging currencies led to an increase in demand for the white metal. This led to silver rate surging to Rs.38,395 per kg on the 14th.
- The 15th, however, witnessed silver rate in Hyderabad plunging to Rs.36,920 per kg as demand for the metal subsided amid the strengthening dollar.
- Silver prices remained unchanged at Rs.36,920 per kg on the 16th but rebounded to Rs.37,180 per kg on the 17th with the new interest rate hike by the Fed Reserve proving to be unfavourable for the equities market.
December 2017 - Week 3 (18th to 24th)
- The week began with the white metal prices rising to Rs.38,395 per kg on the 18th due to an increase in buying from coin makers and industrial units.
- The next day saw silver price in Hyderabad dropping to Rs.37,600 per kg as a result of the strengthening dollar coupled with firmer equities.
- Prices fluctuated for most of the week due to the fluctuating dollar rates compounded by the unevenly performing world markets. Silver was priced at Rs.38,395 per kg on the 20th before plunging again to Rs.37,705 per kg on the 21st.
- The 22nd witnessed silver rate in Hyderabad rising again Rs.38,395 per kg before declining to Rs.37,965 per kg on the 23rd following the poor trends overseas.
- The industrial metal was holding steady at Rs.38,395 per kg on the 24th when the week came to an end amid the positive global cues.
December 2017 - Week 4 (25th to 31st)
- The final week of December saw silver rates start on a relatively low note but rise significantly towards the end amid the weakened US dollar which pushed demand higher for the metal.
- The week began with the white metal trading at Rs.38,395 per kg on the 25th with steady demand from the previous week.
- However, an unexpected decline in demand from industries amid the positive trends led to silver price in Hyderabad plunging to Rs.38,005 per kg on the 26th.
- With the US dollar losing against a basket of other major currencies, silver rates rose gradually during the rest of the week. Silver was priced at Rs.38,275 per kg on the 27th which further surged to Rs.38,925 per kg on the 28th.
- Though silver price in Hyderabad dropped slightly to Rs.38,815 per kg on the 29th with a decline in domestic demand, the 30th saw silver rates surging to Rs.39,265 per kg - the highest recorded monthly figure - on the 30th due to an increase in offtake by industries and coin makers.
- The last day saw silver rates holding steady at Rs.39,265 per kg owing to a strong and steady demand amid the weakened US dollar and poorly performing equities.
- Hyderabad registered a profit of 2.70% in silver trade during the course of the month.
Trend of Silver Rate in Hyderabad for November 2017 (rates per kg)
|Parameters||Silver price (per kg)|
|Silver rate on 1st November 2017||Rs.38,995 per kg|
|Silver rate on 30th November 2017||Rs.38,640 per kg|
|Highest Rate in November||Rs.40,520 per kg on 18 and 19 November|
|Lowest Rate in November||Rs.38,640 per kg on 30 November|
|Overall Monthly Performance||Decline|
November 2017- Week 1 (1st to 5th)
- Silver price in Hyderabad fluctuated as the month began due to demand vagaries, with the white metal priced at Rs. Rs.38,995 per kg.
- Silver traded at Rs.39,950 per kg on 2 November after local demand increased following a rise in order volumes prior to the festive and wedding seasons.
- Demand also rose as commodity markets took advantage of the poorly-performing equity markets, which resulted in higher demand from both local as well as international industrial units.
- Silver traded at Rs.39,355 per kg on 4 November as prices remained constant till the week ended on 5 November.
November 2017- Week 2 (6 to 12)
- The week began with silver priced at Rs.39,355 per kg on 6 November as demand was steady due to the previous week’s gains.
- The price of silver rose to Rs.40,040 per kg on 7 November as news of the arrest of several top-ranking members of the Saudi Arabian leadership threw markets into a downward spiral.
- Local demand also rose as the U.S. dollar rate plunged, resulting in silver price in Hyderabad holding steady at Rs.40,040 per kg on 8 & 9 November.
- Demand began to fall towards the middle of the week, with silver trading at Rs.39,970 per kg on 10 November.
- The price of silver in Hyderabad did not see much change for the remainder of the week as the metal ended the week priced at Rs.39,970 per kg on 12 November.
November 2017- Week 3 (13th to 19th)
- The third week saw the price of silver rise as the political unrest in Saudi Arabia and the increase in tensions with North Korea kept markets unstable.
- Silver opened the week at Rs.39,870 per kg on 13 November, with the price falling slightly due to a strong opening by markets across the world.
- Silver price in Hyderabad rose as the week progressed as markets in the United Kingdom were on the decline over a failure to break deadlock over Brexit negotiations, with silver trading at Rs.40,140 per kg on 14 November.
- Silver continued to rise, with the metal trading at Rs.40,240 per kg on 15 & 16 November as orders from Asia increased.
- Silver rate in Hyderabad fell to Rs.40,040 per kg on 17 November as market demand dropped on the heels of a steady recovery by equity markets.
- Orders from coin makers also rose during this time, though prices did not see much of a change.
- Tensions with North Korea increased as the week drew to a close, resulting in silver prices rising to Rs.40,520 per kg on 18 & 19 November.
November 2017- Week 4 (20th to 26th)
- Silver was priced at Rs.40,440 per kg on 20 November as markets performed well after the previous week’s rise in demand.
- Silver rate in Hyderabad dropped to Rs.Rs.39,780 per kg on 21 November as markets were on the recovery after falling quite heavily in the previous week.
- The decline in demand for silver in the international market resulted in local prices falling to Rs.39,265 per kg on 22 November.
- Silver price in Hyderabad rose marginally and traded at Rs.40,060 per kg on 23 November following a rise in local demand.
- The renewal of tensions over nuclear testing between between the United States and North Korea resulted in markets falling as investors turned to bullion to hedge their investments.
- The week ended with silver prices continuing to fluctuate, trading at Rs.39,780 per kg on 26 November.
November 2017- Week 5 (27th to 30th)
- The final week of November saw silver prices dip due to a steady drop in demand.
- Silver was priced at Rs.39,780 per kg on 27 November due to static demand from industrial units and coin makers alike.
- Silver rate in Hyderabad fell to Rs.39,680 per kg on 28 November as demand dropped following a market recovery.
- Prices continued to plunge as silver traded at Rs.39,115 per kg on 29 November following the recovery of equity markets.
- Silver price in Hyderabad continued to drop as the month drew to a close as the metal traded at Rs.38,640 per kg on 30 November and recording an overall loss of 0.91% in value.
|Parameters||Silver price (per kg)|
|October 1 Rate||Rs.39,530 per kg|
|October 31 Rate||Rs.39,435 per kg|
|Highest Rate in September||Rs.40,440 per kg on 16 October|
|Lowest Rate in September||Rs.39,110 per kg on 5 and 19 October|
|Overall Monthly Performance||Decline|
October 2017 - Week 1 (1st-8th):
- Silver opened the week trading at Rs.39,500 per kg on the 1st of October.
- Silver Price in Hyderabad remained untouched at Rs.39,500 per kg the next day as well, thanks to steady demand from coin makers and industrial units.
- The next couple of days witnessed rates plunging after the dollar strengthened against other major emerging currencies amid the possibility of an interest rate hike by the US central bank.
- This led to silver rate in Hyderabad dropping to Rs.39,110 per kg on the 5th. This was also the lowest recorded monthly figure in Hyderabad.
- Strong global cues coupled with an increased local demand led to prices rising over the next few days and the industrial metal was trading at Rs.39,680 per kg on the 7th.
- The week concluded with the metal trading steady at Rs.39,680 per kg owing to steady demand from industries and coin makers.
October 2017 - Week 2 (9th-15th):
- Positive global trends coupled with strong domestic demand led to silver rate in Hyderabad rising during the second week of October.
- When the week began, the industrial metal was recorded trading at Rs.39,950 per kg on the 9th.
- Local demand surged with the imminent arrival of the festive season. This led to silver price Hyderabad rising to Rs.40,060 per kg and Rs.40,285 per kg on the 10th and the 11th respectively.
- Strong global cues coupled with an improved demand amid the festive season led to the white metal being priced at Rs.40,390 per kg for the remainder of the week.
October 2017 - Week 3 (16th-22nd):
- The week began with silver being priced at Rs.40.440 per kg on the 16th. This was also the highest monthly figure recorded in Hyderabad.
- However, with the dollar strengthening amid poor overseas trends, demand for the metal plummeted over the next few days. The silver rate in Hyderabad was at Rs.40,060 per kg on the 18th.
- Silver Price in Hyderabad declined further to Rs.39,110 per kg on the 19th after a decline in industrial demand in the domestic markets.
- Thanks to the imminent arrival of Diwali, domestic demand picked up significantly pushing higher to Rs.40,285 per kg on the 20th.
- Steady local demand led to the white metal trading at Rs.40,060 per kg for the remainder of the week.
October 2017 - Week 4 & Week 5 (23rd-31st):
- A firm US economy coupled with other poor international trends led to silver rates dropping significantly during the week.
- The week opened with the white metal trading at Rs.40,040 per kg on the 23rd, which rose to Rs.40,060 per kg on account of an increased buying from industrial units and coin manufacturers the next day.
- The 25th, however, witnessed silver price in Hyderabad plunging to Rs.39,780 per kg due to a decline in global demand for the metal.
- The next couple of days saw rated declining further to Rs.39,435 per kg after local demand dipped in the wake of the strengthening US economy.
- Poor domestic demand coupled with weak trends overseas led to Silver rate in Hyderabad plunging to Rs.39,115 per kg on the 28th and the 29th.
- Thanks to an increase in demand from industrial units and coin makers, the month ended with the white metal prices rising to Rs.39,435 per kg on the 31st.
|Parameters||Silver price (per 1 kg)|
|Silver Rate on 1st September 2017||Rs.40,390 per kg|
|Silver Rate on 30th September 2017||Rs.39,530 per kg|
|Highest Rate in September||Rs.41,900 per kg on 9 and 10 September|
|Lowest Rate in September||Rs.39,530 per kg on 28 to 30 September|
|Overall Monthly Performance||Decline|
- Silver started at Rs.40,390 per kg on the 1st of September.
- Silver prices continued to remain stable till the 3rd of the month due to stable demand from the domestic market.
- Silver prices in Hyderabad slightly increased on the 04th when the white metal traded at Rs.41,075 per kg.
- As demand from local market picked up, silver prices in Hyderabad further picked up on the 6th of September and traded at Rs.41,495 per kg.
- A positive jobs data made the U.S dollar strong which caused silver prices in Asia fall.
- Meanwhile, as the news of a nuclear test by North Korea surfaced, investors all around the world rushed to invest in the bullion market which increased silver prices on the 08th. On this day, silver traded at Rs.41,675 per kg.
- On the 9th and 10th of September, silver recorded the highest selling price for the month of Rs.41,900 per kg as many invested in the white metal.
- Silver priced succumbed to strong U.S dollar and as a result of which the second week of September saw a decline in silver prices.
- In the second week of September, silver started at Rs.41,075 per kg.
- Due to strong U.S Dollar, demand from the local market reduced and silver rates dropped to Rs.41,030 per kg on the 12th of September before settling at Rs.41,075 per kg on the 13th of September.
- Silver prices in Hyderabad did not see an increase throughout the week as U.S dollar remained strong.
- The lowest silver rate for this week was recorded from 14th of September to 17th of September when silver was sold at Rs.40,890 per kg.
- Silver in Hyderabad traded at Rs.40,440 per kg on 18 September as there was a minor dip in orders from Europe.
- Silver price in Hyderabad continued to fall throughout week 3, with silver trading at Rs.39,670 per kg on 19 September.
- A small increase in silver prices was seen on the 20th of September when the white metal traded at Rs.40,060 per kg. This slight increase can be ignored as the prices quickly fell to Rs.39,670 per kg on the 21st of September.
- From 22nd to 24th of September, silver traded at Rs.40,040 per kg.
- The last week saw a further decline in the price of silver in spite of continued geopolitical tensions in the United States.
- Following the victory of incumbent Chancellor Angela Merkel in the German elections, silver traded at Rs.39,670 per kg on 25 September and briefly rose to Rs.40,520 per kg on 26 September.
- The impending Catalan independence referendum did not appear to sway markets, which continued to rise, leading to a drop in demand for silver.
- Prices dropped to Rs.39,530 per kg on 28th September and remained constant till the month ended on 30th September.
- The lowest silver price recorded for the month of September in Jaipur was from 28th to 30th of September when silver was sold at Rs.39,530 per kg.
- Silver prices for the month of September in Hyderabad registered a loss of 2.12%
|Parameters||Silver price (per 1 kg)|
|Silver Rate on 1st August||Rs.38,925 per kg|
|Silver Rate on 31st August||Rs.40,040 per kg|
|Highest Rate in August||Rs.40,190 per kg on 29 & 30 August|
|Lowest Rate in August||Rs.37,235 per kg on 5 & 6 August|
|Overall Monthly Performance||Incline|
August ‘17- Week 1 (1st to 6th)
- Silver price in Hyderabad, began the week quite stable, with the metal trading at Rs.38,925 per kg on 1 August.
- A rise in the dollar rate led to a drop in demand for the industrial metal, as local demand continued to be poor.
- Silver rate in Hyderabad dropped to Rs.37,965 per kg on 3 August as the markets began a recovery after a sustained bout of low trading, as Asian markets also reduced orders.
- Poor demand from local industrial units due to GST was another factor leading to the decline of silver price in Hyderabad.
- A marginal rise in price was recorded on 4 August as silver traded at Rs.38,120 per kg but poor demand led to prices dropping to Rs.37,235 per kg as the week ended on 6 August.
August ‘17- Week 2 (7th to 13th)
- Silver price in Hyderabad rose as European markets suffered due to political tensions as well as continued ambiguity over Brexit talks.
- The week opened with silver trading at Rs.38,295 per kg on 7 August, and prices rising to Rs.38,345 per kg on 8 August due to volatile U.S. markets.
- Following the release of U.S. non-farm jobs data, there was a rise in demand for bullion due to lower than expected figures, with demand from overseas also rising.
- The industrial metal traded at Rs.39,530 per kg on 11 August, with prices remaining unchanged for the remainder of the week.
August ‘17- Week 3 (14th to 20th)
- Demand was steady as overseas industrial units kept demand constant, though local demand was still muted.
- Silver opened the week at Rs.39,670 per kg on 14 August, with the price reflecting no change from last week due to stable demand.
- A minor surge in local markets led to a drop in silver prices in Hyderabad, with the metal trading at Rs.38,815 per kg on 16 August, though global demand and prices remained high due to steady trading volumes.
- The fluctuating markets and unstable dollar rate led to silver demand rising, with European markets also seeing a rise in demand for the metal.
- Silver was priced at Rs.39,530 per kg on 17 August, but there was a decline in the price due to demand vagaries as the metal dropped to Rs.39,115 per kg on 18 August.
- Prices remained the same as the week drew to a close on 20 August.
August ‘17- Week 4 (21st to 27th)
- Demand for silver rose towards the middle of the week, with prices remaining static as the week opened on 21 August, with the metal priced at Rs.39,115 per kg.
- Volatile markets and fluctuations in currency markets led to higher demand for bullion, as local investors also sought to capitalise on the conducive market conditions.
- The industrial metal traded at Rs.39,265 per kg on 22 August and rose to Rs.39,355 per kg on 24 August on stable demand from overseas industrial units as well as coin makers.
- Fears of further aggression by North Korea as well as the economic impact of the hurricane season resulted in U.S. markets plunging, but there was minimal impact on the local silver rates.
- Silver price in Hyderabad dropped to Rs.38,995 per kg on 25 August, remaining unchanged for the remainder of the week.
- The missile test by North Korea did not affect prices in Hyderabad, as local demand kept prices stable.
August ‘17- Week 5 (28th to 31st)
- An increase in the price of silver was recorded due to a rise in demand for safe-haven assets as the implication of the missile test by North Korea was felt across markets.
- In Hyderabad, silver was priced at Rs.39,435 per kg on 28 August, with a rise in local demand also boosting prices.
- Markets continued to suffer from the impact of the missile test and the resultant tensions between North Korea and the United States, with most industrial units taking advantage of low dollar rates to increase imports of silver.
- Silver rate in Hyderabad reached Rs.40,190 per kg on 29 August, aided by an increase in demand from domestic coin makers and retail demand.
- A slight drop in demand was recorded towards the end of the month, with silver trading at Rs.40,040 per kg on 31 August and recording an increase of 2.86%.
|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|
July ‘17- Week 1 (1st to 9th)
- Fluctuating markets and conflicting cues from overseas buyers led to silver prices being unstable in the first week of July.
- The white metal traded at Rs.38,640 per kg on 1 July on steady demand from overseas but the dip in local demand led to prices falling to Rs.37,705 per kg on 4 July.
- U.S. independence and poor demand from coin makers led to silver prices falling to Rs.37,115 per kg on 7 July.
- Relative calm on the geopolitical front led to minimal impact on the commodity exchanges as the week ended with silver still priced at Rs.37,115 per kg on 9 July.
July ‘17- Week 2 (10th to 16th)
- The second week began with silver priced at Rs.36,035 per kg on 10 July due to poor trading in the metal over the weekend.
- Local demand was poor as the U.S. dollar rate was high and markets were stable, leading to lower demand for safe-haven assets like silver.
- Investors were also cautious of investing in silver ahead of a possible rate hike announcement by the Federal Reserve, which led to silver prices trading at low Rs.36,270 per g on 14 July.
- Demand spiked as the week drew to a close as markets plunged following the announcement of the repeal of Obamacare in spite of there being no replacement for the program.
- Silver price in Hyderabad rose to Rs.37,180 per kg on 15 July, with the prices remaining the same as the week ended on 16 July.
July ‘17- Week 3 (17th to 23rd)
- Consistent demand from overseas industrial units as well as a rise in retail demand led to silver prices remaining stable in the third week.
- Silver was priced at Rs.37,180 per kg on 17 July as coin makers helped boost demand, with local demand also beginning to increase.
- The rise of geopolitical tensions between North Korea and the United States led to higher demand for safe-haven assets like bullion, which led to silver prices rising to Rs.37,600 per kg on 20 July.
- Demand continued to rise as the week progressed, with silver prices reaching Rs.38,005 per kg on 22 July.
July ‘17- Week 4 (24th to 31st)
- Prices were high but there was some fluctuation due to demand vagaries in the last week of July.
- Silver was priced at Rs.38,120 per kg on 24 July before prices rose to Rs.38,690 per kg on 27 July.
- Demand dropped to Rs.38,460 per kg on 29 July in spite of an increase in local demand as Asian demand was on the decline.
- A late rally led to silver prices ending the month at Rs.38,640 per kg on 31 July, reflecting no change in the price.
|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%.
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