Silver Rate in Hyderabad

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 rates in Hyderabad along with daily rates for both 1 gram as well as 1 kg of silver can be found below.
More
  • Today's Silver Rate in Hyderabad( 12 Dec 2019 )
    ₹ 47
    Today's Silver Rate per gram
    Compare Silver Rate In Hyderabad (Today & Yesterday)
    Today
    (12 Dec 2019)
    Yesterday
    (11 Dec 2019)
    Rate Change
    Silver (1 gram) ₹ 47 ₹ 46.5 ₹ 0.5 ↑
    Bar Silver (1 Kg) ₹ 47,000 ₹ 46,500 ₹ 500 ↑
    Silver Price In Hyderabad For Last 10 Days
    Date Silver (1 gram) Bar Silver (1 Kg)
    12 Dec 2019 ₹ 47 ₹ 47,000
    11 Dec 2019 ₹ 46.5 ₹ 46,500
    10 Dec 2019 ₹ 46.4 ₹ 46,400
    09 Dec 2019 ₹ 46.5 ₹ 46,500
    08 Dec 2019 ₹ 46.6 ₹ 46,600
    07 Dec 2019 ₹ 46.6 ₹ 46,600
    06 Dec 2019 ₹ 47.6 ₹ 47,600
    05 Dec 2019 ₹ 47.6 ₹ 47,600
    04 Dec 2019 ₹ 47.9 ₹ 47,900
    03 Dec 2019 ₹ 47.7 ₹ 47,700

    Weekly & Monthly Graph of Silver Rate in Hyderabad

    • 7 Days
    • 30 Days
    • 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 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.

    What is the Silver Rate in Hyderabad ?

    Silver Rate in Hyderabad on 12 Dec 2019 for 1 gram silver is 46.5 Indian Rupee & for 1 Kg silver is 46,500 Indian Rupee.

    Trend of Silver Rate in Hyderabad for November 2019 (rates per kg)

    Parameters Silver Price (per kg)
    November 1 Rate Rs.50,500 per kg
    November 30 Rate Rs.48,100 per kg
    Highest Rate in November Rs.50,700 per kg on 2 and 3 November
    Lowest Rate in November Rs.47,200 per kg on 9 and 10 November
    Overall Monthly Performance Decline
    Percentage Change -4.75%
    • The price of silver opened at Rs.50,500 per kg at the beginning of the month of November. The price was mainly affected by the US Federal Reserve interest rate cut.
    • The price of the metal increased further on the 2nd day of the month wherein it stood at Rs.50,700 per kg. This was the highest recorded price of the metal for the month of November. The main reason behind the rise in the price of the metal was the trade war between the US and China. The lowest recorded rate of silver for the month of November was Rs.47,200 per kg on the 9th and 10th of November.
    • The overall performance of the metal declined by –4.75%. On the last day of the month of November (i.e. on the 30th of November) the price of silver stood at Rs.48,100 per kg.

    Trend of Silver Rate in Hyderabad for October 2019 (rates per kg)

    Parameters Silver Price (per kg)
    October 1 Rate Rs.47,400 per kg
    October 31 Rate Rs.50,000 per kg
    Highest Rate in October Rs.50,400 per kg on 26 and 27 October
    Lowest Rate in October Rs.47,400 per kg on 1 October
    Overall Monthly Performance Incline
    Percentage Change 5.4%
    • Silver rates traded at Rs.47,400 per kg in Hyderabad on 1 October. The dip in rates came as the dollar rose with the US economy growing stronger while at the same time lowered interest in the white metal as a safe investment with the US-China trade war continuing. This was also the lowest rate in October.
    • Silver prices rose to its highest by the end of the month, at Rs.50,400 per kg, just as tensions between US and China eased as the dollar capped strong gains as well.
    • The end of the month saw a steady 5.4% incline in silver rates as the dollar weakened after interest rates were cut by the Federal Reserve. This was with the caveat that further rate cuts would be paused riding on hopes of a truce in the US-China trade war which led to the incline in silver prices by month end.

    Trend of Silver Rate in Hyderabad for September 2019 (rates per kg)

    Parameters Silver Price (per kg)
    September 1 Rate Rs.51,600 per kg
    September 30 Rate Rs.48,500per kg
    Highest Rate in September Rs.55,200 per kg on 4 September
    Lowest Rate in September Rs.48,500 per kg on 30 September
    Overall Monthly Performance Decline
    Percentage Change -6%
    • Silver rates in Hyderabad traded at Rs.51,600 per kg on 1 September on steady industrial demand, though a stable U.S. dollar capped gains from increased industrial interest.
    • A rise in tensions in the Middle East and weak markets due to economic uncertainty as a result of the U.S.-China trade conflict drove up bullion demand as prices climbed to Rs.55,200 per kg on 4 September.
    • There was a momentary lull in demand as equity markets recovered and interest in safe-haven assets fell, resulting in silver prices dropped steadily despite steady industrial offtake.
    • The end of the month saw a continued fall in rates as retail demand plummeted on high import costs, with the metal ending the month at a monthly low of Rs.48,500 per kg on 30 September, with prices falling by 6% during the month.

    Trend of Silver Rate in Hyderabad for August 2019 (rates per kg)

    Parameters Silver Price (per kg)
    August 1 Rate Rs.44,100 per kg
    August 31 Rate Rs.51,600 per kg
    Highest Rate in August Rs.52,200 per kg on 29 August
    Lowest Rate in August Rs.44,100 per kg on 1 August
    Overall Monthly Performance Incline
    Percentage Change 17%
    • Silver rates in Hyderabad opened the month at Rs.44,100 per kg on weak retail demand but market volatility bolstered prices as the metal rose steadily.
    • An increase in tensions in the Middle East unsettled equity markets and impacted the dollar rate which resulted in investors increasing their bullion offtake, as the white metal rose to Rs.48,800 per kg on 13 August.
    • Prices remained static for a few days before dropping to Rs.47,800 per kg on 19 August on U.S. interest rate cut hopes and fears over a possible recession.
    • Despite fluctuations in overseas demand, local interest in silver remained high as industrial units and coin makers capitalized on a weak rupee, with prices rising to Rs.52,200 per kg on 29 August before settling at Rs.51,600 per kg when the month ended.

    Also Check Silver Price in Metro Cities

    Trend of Silver Rate in Hyderabad for July 2019 (rates per kg)

    Parameters Silver Price (per kg)
    July 1 Rate Rs.40,500 per kg
    July 30 Rate Rs.44,800 per kg
    Highest Rate in July Rs.44,900 per kg on 25 July
    Lowest Rate in July Rs.40,400 per kg on 2 July
    Overall Monthly Performance Incline
    Percentage Change 10.61%
    • Silver prices in Hyderabad opened relatively static at Rs.40,500 per kg on declining retail demand but market volatility bolstered prices as the metal traded at Rs.40,800 per kg on 8 July.
    • An increase in tensions in the Middle East unsettled equity markets and the dollar which resulted in investors increasing their bullion offtake, as the industrial metal rose to Rs.41,300 per kg on 13 July.
    • Prices were constant for a few days before a bullion rally led to the metal surging to Rs.44,500 per kg on 19 July on U.S. interest rate cut hopes and rising economic uncertainty.
    • Domestic interest in silver remained high as industrial units and coin makers capitalized on a weak rupee, with prices rising to Rs.45,900 per kg on 25 July and settling at Rs.44,800 per kg when the month ended.

    Trend of Silver Rate in Hyderabad for June 2019 (rates per kg)

    Parameters Silver Price (per kg)
    June 1 Rate Rs.39,400 per kg
    June 30 Rate Rs.40,800 per kg
    Highest Rate in June Rs.41,500 per kg on 21 June
    Lowest Rate in June Rs.39,400 per kg on 1 and 2 June
    Overall Monthly Performance Incline
    Percentage Change 3.55%
    • The month began with silver prices in Hyderabad trading at Rs.39,400 per kg but a steady increase in local and industrial offtake led to prices rising to Rs.40,300 per kg on 8 June.
    • The release of U.S. jobs data momentarily boosted equity markets as the dollar also rose, but bullion demand continued to climb as the metal traded at Rs.40,100 per kg from 14-18 June.
    • Prices jumped to Rs.41,500 per kg on 21 June as growing tensions between the U.S. and Iran led to market instability, leading to higher demand for silver. A drop in the dollar rate bolstered local retail demand.
    • A rally by equity markets and declining coin maker interest saw prices fall slightly, as the industrial metal traded at Rs.40,800 per kg when the month ended on 30 June.

    Trend of Silver Rate in Hyderabad for May 2019 (rates per kg)

    Parameters Silver Price (per kg)
    May 1 Rate Rs.40,500 per kg
    May 31 Rate Rs.39,400 per kg
    Highest Rate in May Rs.40,500 per kg on 1 and 2 May
    Lowest Rate in May Rs.39,200 per kg from 20-22 May
    Overall Monthly Performance Decline
    Percentage Change -2.71%
    • Silver prices in Hyderabad opened relatively stable at Rs.40,500 per kg but a reduction in overseas interest resulted in prices sliding for the rest of the month.
    • Prices fell to Rs.40,300 per kg on 7 May as a recovering U.S. dollar made the metal more expensive for local buyers, with prices dropping to Rs.40,000 per kg on 13 May.
    • Retail demand fell steeply as the weak rupee and rising equity markets deterred local demand, with the metal trading at Rs.39,500 per kg on 18 May.
    • Coin makers also reduced offtake due to rising import costs, though industrial demand remained constant and prevented prices from dropping too steeply. Despite this silver rates in Hyderabad fell to Rs.39,400 per kg when the month ended.

    Trend of Silver Rate in Hyderabad for April 2019 (rates per kg)

    Parameters Silver Price (per kg)
    April 1 Rate Rs.40,600 per kg
    April 30 Rate Rs.40,500 per kg
    Highest Rate in April Rs.41,000 per kg on 1 April
    Lowest Rate in April Rs.40,200 per kg on 15 and 24 April
    Overall Monthly Performance Decline
    Percentage Change -0.24%
    • The silver rate in Hyderabad at the start of the month of April stood at Rs.40,600 per kg. The price remained stagnant from the end of the previous month.
    • As the local and industrial demand for the white metal rose amid a repressed dollar value, the price of silver in the city too inclined and traded at Rs.41,000 per kg on 9 April.
    • Following the surge, weak economic trends prevailed, and the value of silver then plummeted to Rs.40,200 per kg on 15 April. This was the lowest price point of the metal for the month.
    • The price of the metal then never really recovered, and stood at Rs.40,200 per kg on the 24th. This was also the lowest point for the metal in the month. The metal the marginally rose to Rs.40,500 per kg at the end of the month, recording a declining percentage trend of 0.24% for the month.

    Trend of Silver Rate in Hyderabad for March 2019 (rates per kg)

    Parameters Silver Price (per kg)
    March 1 Rate Rs.42,700 per kg
    March 31 Rate Rs.40,600 per kg
    Highest Rate in March Rs.42,700 per kg on 1 March
    Lowest Rate in March Rs.40,200 per kg on 29 March
    Overall Monthly Performance Decline
    Percentage Change -4.91%
    • Silver price in Hyderabad saw some fluctuation as a rising U.S. dollar capped possible gains from steady local industrial demand after the metal traded at Rs.42,700 per kg on 1 March.
    • Silver rate in Hyderabad fell to Rs.41,500 per kg from 11-14 March as retail interest waned, with a resurgent U.S. dollar rate also capping gains which resulted in prices dropping to Rs.41,000 per kg on 17 March.
    • Despite fears of a global economic recession, silver prices dropped to Rs.40,800 per kg on 18 March before recovering briefly to trade at Rs.41,300 per kg on 24 March on a late rally by bullion.
    • Prices rose to Rs.41,400 per kg on 25 March on increased industrial offtake due to a momentary dip in the dollar rate due to renewed fears over Brexit but silver plunged to Rs.40,200 per kg on 29 March before rising marginally to close the month at Rs.40,600 per kg.

    Trend of Silver Rate in Hyderabad for February 2019 (rates per kg)

    Parameters Silver Price (per kg)
    February 1 Rate Rs.43,900 per kg
    February 28 Rate Rs.43,300 per kg
    Highest Rate in February Rs.44,100 per kg on 5 February
    Lowest Rate in February Rs.42,700 per kg on 14 February
    Overall Monthly Performance Decline
    Percentage Change -1.36%
    • On 1 February, silver traded at Rs.43,900 per kg in Hyderabad, slowly inclining to Rs.44.100 per kg on 5 February amid incline in domestic demand and overseas investor interest was high.
    • Silver price in Hyderabad declined as the US dollar appreciated which reduced local industrial offtake as prices dropped to Rs.42,700 per kg on 14 February despite constant orders from overseas market.
    • With fears over Brexit and the trade war between the US and China resulted in volatility across equity markets, investors chose safe-haven bullion prompting sliver rate in Hyderabad rising to Rs.44,000 on 20 February.
    • Declining demand from coin makers and conflicting global cues affected silver prices towards the end of the month, with overseas interest declining amid a more hawkish Federal Reserve stance as the industrial metal traded at Rs.43,300 per kg on the last day of the month.

    Trend of Silver Rate in Hyderabad for January 2019 (rates per kg)

    Parameters Silver Price (per kg)
    January 1 Rate Rs.41,500 per kg
    January 31 Rate Rs.43,900 per kg
    Highest Rate in January Rs.43,900 per kg on 30 and 31 January
    Lowest Rate in January Rs.41,400 per kg on 2 January
    Overall Monthly Performance Incline
    Percentage Change 5.78%
    Comparison for 1 gram Silver Rates for Hyderabad January'19
    • Trading opened for the month with silver trading at Rs.41,500 per kg on the 1st on account of steady demand from local industrial units and coin makers amid the firm trend overseas.
    • Silver price in Hyderabad surged to Rs.42,200 per kg on the 9th with domestic markets ramping up purchases amid the losing US dollar index. Strong trends coupled with rising demand led to silver trading at Rs.42,600 per kg on the 15th.
    • However, silver trade witnessed a slight drop in demand following a decline in Asian orders and silver rate in Hyderabad were recorded holding at Rs.41,800 per kg on the 22nd.
    • Demand for the metal surged towards the end of the month with market participants and investors gravitating towards the bullion amid the Brexit negotiations and the white metal was recorded trading at a monthly high of Rs.43,900 per kg on the 31st. Silver rates in Hyderabad surged by 5.78% during the course of the month.

    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 2019

    Per kg silver rate in Hyderabad at the start of 2019 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 of silver per kg in Hyderabad on 16th June was Rs.39,768.

    Also Check Silver Price in NearBy Cities of Hyderabad

    Read more on Silver

    Silver Rate - Sitemap

    News About Silver Rate in Hyderabad

    • Price of gold and silver increases in Hyderabad

      The price of gold increased on Wednesday, 20 November after recording a low in the prices earlier this week. The cost of the metal increased by Rs.240 for 10 grams. Due to this, the prices of silver also increased.

      Gold was priced at Rs.39,910 per 10 grams in Hyderabad after recording an increase of Rs.240. 22-karat gold followed suit and increased by Rs.220 to be priced at Rs.36,580 per 10 grams.

      The rise in prices was majorly due to increased local demand from jewellers amidst the weak demand overseas. Due to the rise in demand, the price of silver also recorded an increase by Rs.65 to be priced at Rs.47,865 per kg in Hyderabad. As the wedding season is underway, the demand for gold and silver in Hyderabad has increased considerably. Apart from Hyderabad, the price of gold has also seen an increase in the cities of Vijayawada and Vishakhapatnam as well.

      Not only in South India, gold prices saw an increasing trend in the north as well, where an increase of Rs.250 was recorded in the National Capital Region of New Delhi. 24-karat gold was priced at Rs.38,550 per 10 grams and Rs.37,350 per 10 grams for 22-karat gold.

      21 November 2019

    • Silver Prices Slip On Futures Market On Low Demand

      Silver futures for December fell by 0.46% on weak overseas demand and poor local offtake, trading at Rs.46,166 per kg in a business turnover of 2,614 lots.

      Spot silver also fared similarly, trading at Rs.50,050 per kg in Hyderabad as a rise in the dollar rate and slump in industrial demand impacted prices.

      On the international market, spot silver traded 0.37% lower at $17.85 per ounce in New York. The recent drop in bullion’s safe-haven appeal has been cited as a reason behind the price slump, as investors switched to riskier assets like equities.

      27 September 2019

    • Silver Prices Dip Ahead Of Cabinet Meeting

      There was a marginal drop in bullion prices ahead of a Cabinet meeting which could indicate an economic revival. Silver futures for September inched lower by Rs.51 to trade at Rs.45,919 per kg.

      There was a drop in gold prices as well, with the yellow metal inching lower on the spot market. Jewellers have welcomed the move, which could revive sluggish sales in the run-up to the festive season.

      On the international market, Comex silver traded nearly flat at $18.14 per ounce as investors put off bullion purchases despite recessionary fears. Global central banks have also been reducing key interest rates in an attempt to boost flagging economies.

      28 August 2019

    • Silver Sees A Boost As Industrial Offtake Increases

      Silver prices rose by Rs.350 on increased offtake by industrial units and coin makers as well as a firming overseas trend.

      Silver ready surged by Rs.350 to trade at Rs.42,300  per kg while weekly-based delivery climbed to Rs.41,546 per kg, recording a rise of Rs.511.

      Demand for silver coins also received a boost after a prolonged period of stagnation. Coins rose by Rs.1,000, priced at Rs.85,000 for the purchase and Rs.86,0000 for the sale of 100 pieces.

       In line with the rise in silver prices, there was a surge in gold rates as well, bolstered by higher retail offtake and jeweller interest. The recent uncertainty in the Persian Gulf and rising tensions between Iran and the United States increased bullion’s appeal.

      24 July 2019

    • Silver Prices Slide on Reduced Industrial Offtake

      Silver prices in Hyderabad fell for a second consecutive day as weak demand from coin makers and industrial units affected rates. Silver ready dropped by Rs.180 to trade at Rs.38,400 per kg with losses capped by steady overseas offtake. Weekly-based silver delivery did not see much change in price and traded at Rs.37,448 per kg.  

      There was no change in silver coins which traded at Rs.80,000 for the purchase and Rs.81,000 for the sale of 100 pieces. 

      Overseas, silver traded at $15.06 per ounce as bullion demand remained steady despite a rise in the U.S. dollar rate.  

      2 April 2019

    • 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.

      21 March 2017

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

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.