Whoever said wishes don’t come true hasn’t explored our offers!
  • Silver Rate Today

    Silver Price In Indian Cities
    City Silver (1 gram) Bar Silver (1 Kg)
    AGRA ₹ 40.29 ₹ 40,285
    AHMEDABAD ₹ 40.29 ₹ 40,285
    ALIGARH ₹ 40.29 ₹ 40,285
    ALLAHABAD ₹ 40.29 ₹ 40,285
    AMBALA ₹ 40.29 ₹ 40,285
    AMRAVATI ₹ 40.29 ₹ 40,285
    AURANGABAD ₹ 40.29 ₹ 40,285
    BANGALORE ₹ 39.8 ₹ 39,800
    BAREILLY ₹ 40.29 ₹ 40,285
    BELGAUM ₹ 39.8 ₹ 39,800
    BELLARY ₹ 39.8 ₹ 39,800
    BHILAI ₹ 40.29 ₹ 40,285
    BHOPAL ₹ 40.29 ₹ 40,285
    BHUBANESHWAR ₹ 40.29 ₹ 40,285
    CHANDIGARH ₹ 40.29 ₹ 40,285
    CHENNAI ₹ 40.29 ₹ 40,285
    COIMBATORE ₹ 40.29 ₹ 40,285
    CUTTACK ₹ 40.29 ₹ 40,285
    DEHRADUN ₹ 40.29 ₹ 40,285
    DELHI ₹ 40.29 ₹ 40,285
    DINDIGUL ₹ 40.29 ₹ 40,285
    ERODE ₹ 40.29 ₹ 40,285
    FARIDABAD ₹ 40.29 ₹ 40,285
    GHAZIABAD ₹ 40.29 ₹ 40,285
    GULBARGA ₹ 39.8 ₹ 39,800
    GUNTUR ₹ 40.29 ₹ 40,285
    GURGAON ₹ 40.29 ₹ 40,285
    GUWAHATI ₹ 40.29 ₹ 40,285
    HALDWANI ₹ 40.29 ₹ 40,285
    HISAR ₹ 40.29 ₹ 40,285
    HOSUR ₹ 40.29 ₹ 40,285
    HYDERABAD ₹ 40.29 ₹ 40,285
    INDORE ₹ 40.29 ₹ 40,285
    JABALPUR ₹ 40.29 ₹ 40,285
    JAIPUR ₹ 40.29 ₹ 40,285
    JALGAON ₹ 40.29 ₹ 40,285
    JAMMU ₹ 40.29 ₹ 40,285
    JAMNAGAR ₹ 40.29 ₹ 40,285
    JAMSHEDPUR ₹ 40.29 ₹ 40,285
    JODHPUR ₹ 40.29 ₹ 40,285
    KAKINADA ₹ 40.29 ₹ 40,285
    KANNUR ₹ 39.8 ₹ 39,800
    KANPUR ₹ 40.29 ₹ 40,285
    KARNAL ₹ 40.29 ₹ 40,285
    KARUR ₹ 40.29 ₹ 40,285
    KOCHI ₹ 39.8 ₹ 39,800
    KOLHAPUR ₹ 40.29 ₹ 40,285
    KOLKATA ₹ 40.29 ₹ 40,285
    KOTA ₹ 40.29 ₹ 40,285
    KOZHIKODE ₹ 39.8 ₹ 39,800
    KURNOOL ₹ 40.29 ₹ 40,285
    LUCKNOW ₹ 40.29 ₹ 40,285
    LUDHIANA ₹ 40.29 ₹ 40,285
    MADURAI ₹ 40.29 ₹ 40,285
    MALAPPURAM ₹ 39.8 ₹ 39,800
    MANGALORE ₹ 39.8 ₹ 39,800
    MEERUT ₹ 40.29 ₹ 40,285
    MUMBAI ₹ 40.29 ₹ 40,285
    MYSORE ₹ 39.8 ₹ 39,800
    NAGERCOIL ₹ 40.29 ₹ 40,285
    NAGPUR ₹ 40.29 ₹ 40,285
    NANDED ₹ 40.29 ₹ 40,285
    NASIK ₹ 40.29 ₹ 40,285
    NELLORE ₹ 40.29 ₹ 40,285
    NOIDA ₹ 40.29 ₹ 40,285
    PANAJI ₹ 39.8 ₹ 39,800
    PATNA ₹ 40.29 ₹ 40,285
    PONDICHERRY ₹ 40.29 ₹ 40,285
    PRODDATUR ₹ 40.29 ₹ 40,285
    PUNE ₹ 40.29 ₹ 40,285
    RAIPUR ₹ 40.29 ₹ 40,285
    RAJAHMUNDRY ₹ 40.29 ₹ 40,285
    RAJKOT ₹ 40.29 ₹ 40,285
    RANCHI ₹ 40.29 ₹ 40,285
    RATLAM ₹ 40.29 ₹ 40,285
    SALEM ₹ 40.29 ₹ 40,285
    SANGLI ₹ 40.29 ₹ 40,285
    SHIMLA ₹ 40.29 ₹ 40,285
    SHIMOGA ₹ 39.8 ₹ 39,800
    SILIGURI ₹ 40.29 ₹ 40,285
    SOLAPUR ₹ 40.29 ₹ 40,285
    SRINAGAR ₹ 40.29 ₹ 40,285
    SURAT ₹ 40.29 ₹ 40,285
    THANE ₹ 40.29 ₹ 40,285
    THANJAVUR ₹ 40.29 ₹ 40,285
    THIRUVANANTHAPURAM ₹ 39.8 ₹ 39,800
    THRISSUR ₹ 39.8 ₹ 39,800
    TIRUCHIRAPALLI ₹ 40.29 ₹ 40,285
    TIRUNELVELI ₹ 40.29 ₹ 40,285
    TUTICORIN ₹ 40.29 ₹ 40,285
    UDAIPUR ₹ 40.29 ₹ 40,285
    UDUPI ₹ 39.8 ₹ 39,800
    VADODARA ₹ 40.29 ₹ 40,285
    VARANASI ₹ 40.29 ₹ 40,285
    VELLORE ₹ 40.29 ₹ 40,285
    VIJAYAWADA ₹ 40.29 ₹ 40,285
    VISAKHAPATNAM ₹ 40.29 ₹ 40,285
    WARANGAL ₹ 40.29 ₹ 40,285

    *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 Rate in India

    Silver is among the most traded commodities in the world. India is no exception and silver, along with gold, forms about 10% of all commodities imports to the country. Silver rates in India are directly affected by the global demand and supply scenario of the commodity. Since the 80’s, the demand for silver has outpaced its supply, with industrial demand accounting for more than half the total consumption. More than 80% of total silver production in the world is as by product of other commodities. Exclusive silver mining accounts for only 20% of the global production.

    Trend of Silver Rate in India for September 2017 (rates per kilogram)

    Graph for Silver Rate (1 gram) in India August'17
    Parameters Silver price
    September 1 Rate Rs.40,390 per kg
    September 30 Rate Rs.39,530 per kg
    Highest Rate in September Rs.40,900 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
    Percentage Change -2.12%

    September 2017 - Week 1 (1st to 10th)

    • As silver rates are direct proportional to actual demand and not the marketing conditions, trading rates didn’t see any major surges.
    • On the 1st of September, silver was trading at Rs.40,390 per kg, which then continued on to the 2nd and the 3rd of the month.
    • The 4th day saw silver rate in India went up to Rs.41,230 per kg as demand from coin makers and industrial units rose.
    • Prices went up to Rs.41,495 per kg on the 6th as a result of weak US dollar rates and a simultaneous increase in demand from industrial units.
    • The white metal’s rates increased to Rs.41,900 per kg on the 8th as North Korea’s nuclear test pushed all precious metals’ rates soaring.
    • Over the last two days of the week, i.e., the 9th and the 10th, gold was selling at Rs.31,900 per kg.

    September 2017 - Week 2 (11th to 17th)

    • Like its bullion partner gold, silver prices also saw marked fluctuations in its price due to swift changes in the demand and supply ratio.
    • Silver opened the week trading at Rs.41,075 per kg on 11 September, registering a sharp drop in price from the previous week as industrial demand fell.
    • Local demand for the white metal was also poor, resulting in silver rate in India falling to Rs.41,030 per kg on 12 September.
    • A marginal increase in local demand from coin makers led to prices briefly rising to Rs.41,075 per kg on 13 September.
    • The political uncertainty in the United States coupled with the destruction wrought by Hurricanes Harvey and Irma led to a reduction in orders from overseas customers, pushing silver prices to Rs.40,890 per kg on 14 September.
    • In spite of fluctuations in markets that led to variations in demand, silver price in India were unchanged for the remainder of the week.
    • Silver thus ended the week trading at Rs.40,890 per kg on 17 September due to poor demand and geopolitical factors that influenced demand.

    September 2017 - Week 3 (18th - 24th)

    • Silver rate in India started on a relative high of Rs.40,440 per kg on the 18th of September.
    • A strong US dollar performance had an adverse effect on silver on the 19th as the metal traded at Rs.39,680 per kg.
    • The North Korea - US conflict didn’t seem to settle down, which stoked safe-haven purchases, globally and domestically. This led to silver price in India increasing to Rs.40,060 per kg on the 20th.
    • A drop in demand on the 21st saw the white metal trade at Rs.39,670 per kg. Due to steady and sustained demand, silver rates remained unchanged till the week came to an end.

    September 2017 - Week 4 (25th -30th)

    • Silver prices in India fluctuated for the initial three days before stabilising over the final few days.
    • On the 25th, silver was priced at Rs.39,680 per kg, a very slight increase from the previous day’s rates.
    • Due to increased purchasing from local investors, silver rate in India went up to Rs.40,285 per kg on the 26th of September.
    • However, demand subsided due to weak global cues, which led to the white metal trading at Rs.40,040 per kg on the 27th.
    • Silver rate in India declined again on the 28th to go down to Rs.39,530 per kg.
    • But, thanks to sustained demand from industries, silver rates remained unchanged on the 29th and the 30th of the month.

    Trend of Silver Rate in India for August 2017 (rates per kilogram)

    Parameters Silver price (per 1 kg)
    August 1 Rate Rs.38,925 per kg
    August 31 Rate 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
    Percentage Change 2.86%
    Graph for Silver Rate (1 gram) in India July'17

    August ‘17 – Week 1 (1st to 6th)

    • Silver price in India fell sharply over the course of the week due to declining demand from industrial units as well as market factors.
    • The week began strong with silver trading at Rs.38,925 per kg on 1 August as consumers as well as industrial units renewed interest in the metal.
    • Prices dipped to Rs.38,455 per kg on 2 August as the U.S. dollar rate began to rise after weeks of poor performance, which prompted overseas industrial units to reduce demand due to the higher import costs.
    • Silver price in India fell still further to Rs.37,965 per kg on 3 August as markets waited for news from the U.S. Federal Reserve meeting, which led to a decrease in demand for the white metal.
    • Local demand was also muted, though prices rose to trade at Rs.38,120 per kg on 4 August.
    • Prices dropped to Rs.37,235 per kg on 5 August as local industrial units and coin makers deferred orders due to the rising cost.
    • The week ended with silver rate at Rs.37,235 per kg on 6 August.

    August ‘17 – Week 2 (7th to 13th)

    • Silver price in India opened for the 7th of August at Rs.37,295 per kg as there were no catalytic events in the local or the international market.
    • The next day, on the 8th, silver price in India went up to Rs.38,345 per kg as local demand went up marginally.
    • Rates went up again on the 9th - this time by Rs.110 - for the white metal to trade at Rs.38,455 per gram as demand remained weak.
    • On the 10th, silver rates hit the Rs.39,000 mark when they hit Rs.39,115 per kg - as conflicts involving the US pushed up the demand and consequently the prices.
    • Rates remained in the sub-Rs.39,000 mark for the rest of the week, thanks to the conflict taking mainstage in the stock market.
    • On the 11th, silver price in India went up to Rs.39,670 per kg - and as demand remained steady - didn’t see much of a change on the 12th and the 13th of the month.

    August ‘17 – Week 3 (14th to 20th)

    • The rate of silver fell over the course of the third week in India due to a drop in overseas as well as domestic demand.
    • Silver traded at Rs.39,670 per kg on 14 August, with the price remaining constant on 15 August as there as minimal fluctuation.
    • Prices dropped to Rs.38,815 per kg on 16 August as local demand plunged, with international demand also falling due to a spurt in the dollar value.
    • Demand picked up as the dollar rate fell and U.S. markets were shaky due to tensions with North Korea, with silver trading at Rs.39,530 per kg on 17 August.
    • Prices dropped as local industrial demand was on the decline, resulting in silver prices falling to Rs.39,115 per kg on 18 August.
    • The continued fluctuations across U.S. markets did not affect silver prices, which traded at Rs.39,115 per kg for the rest of the week.

    August 2017 – Week 4 (21st - 27th)

    • Silver trading saw a similar trend to that of gold, wherein prices improved gradually for the first four days before falling on the 5th day of the week.
    • On the 21st, silver was priced at Rs.39,115 per kg and continued trading at the same rate on the 22nd as well.
    • Courtesy of an improved demand from local industrial units and coin makers, silver prices went up to Rs.39,265 per kg on the 23rd.
    • As investors cashed in on some good global cues, silver price in India rose again to Rs.39,355 per kg on the 24th.
    • Due to a crash in demand in the state, silver price in India went down to Rs.38,995 per kg on the 25th of the month.
    • Rates were unchanged for the final two days of August week 3, thanks to a steady demand.

    August 2017 – Week 5 (28th - 31st)

    • Silver rate in India was at Rs.39,435 per kg on 28 August as demand rose following the renewal of tensions between the United States and North Korea over the weekend.
    • The economic impact of Hurricane Harvey and the plunging U.S. markets led to a rise in demand for the yellow metal as it traded at a monthly high of Rs.40,190 per kg on 29 August.
    • Prices remained constant as local demand was also high as markets were unstable due to ongoing internal political crises in the United States.
    • Demand fell marginally as the month ended, with silver priced at Rs.40,040 per kg on 31 August.
    Parameters Silver price (per 1 kg)
    July 1 Rate Rs.38,640 per kg
    July 31 Rate Rs.38,815 per kg
    Highest Rate in June Rs.38,815 per kg on 31 July
    Lowest Rate in June Rs.35,565 per kg 10 July
    Overall Monthly Performance Incline
    Percentage Change 0.45%
    Comparison for 1 gram Silver Rates for IndiaMay'17

    July 2017 – Week 1 (1st to 9th)

    • Silver was priced at Rs.38,640 per kg on the first day of the month in India. This rate was noted on 2 June as well.
    • There were a number of variations in the price of this metal in the country due to a number of factors such as implementation of GST, demand as well as geopolitical occurrences.
    • The value of silver improved marginally to trade at Rs.38,690 per kg on 3 July before reducing to trade at Rs.37,705 per kg on 4 July.
    • Silver traded at Rs.37,800 per kg on 5 July and reduced by Rs.200 the next day to be priced at Rs.37,600 per kg.
    • On the last two days of the week in the country, silver was priced at Rs.37,115 per kg.

    July 2017 – Week 2 (10th to 16th)

    • Silver price in India saw gradual increase over the first four days of the week.
    • On the 10th of July, silver was priced at Rs.35,565 per kg before increasing by Rs.470 on the 11th to trade at Rs.36,035 per kg.
    • Silver trading saw a significant improvement as prices went up to Rs.36,920 per kg on the 12th, thanks to a surge in domestic demand.
    • The 13th saw prices increase as well, albeit at a much lower rate to go up to Rs.37,115 per kg.
    • On 14th, silver price in India took a hit as demand fell to go down to Rs.36,545 per gram.
    • Silver rate in India bounced back up to Rs.37,115 per kg on the 15th and continued at the same rate till the end of the week on the 16th.

    July 2017 – Week 3 (17th to 23rd)

    • The price of silver in India increased marginally over the course of the week due to increased demand from the industrial sector as well as fluctuations in the market.
    • Silver rate in India was at Rs.37,180 per kg on 17 July, with the price remaining unchanged from the previous week.
    • An influx of orders from China led to silver prices rising to Rs.37,600 per kg on 18 July due to the low U.S. dollar rate, which made imports cheaper.
    • Silver price in India reached Rs.37,800 per kg on 21 July as U.S. markets continued to reel from various scandals rocking the Trump administration, which led to investors increasing their interest in bullion.
    • Silver prices rose to Rs.38,005 per kg on 22 & 23 July as local industrial demand also rose.

    July 2017 - Week 4 (24 - 31):

    • When the week began on the 24th, silver was priced at Rs.38,275 per kg, but as demand fell, rates went down to Rs.38,005 per gram on the 25th.
    • Demand fell for the second consecutive day this week and prices went down to Rs.37,965 per kg on the 26th.
    • However, as demand picked up on the 27th, silver prices surged significantly to go up to Rs.38,640 per kg on the 28th.
    • Prices dropped on the 28th to hit Rs.38,275 per kg but picked up slightly the next day for the metal to trade at Rs.38,460 per kg and traded at the same rate on the 30th as well.
    • On the last day of the week and month, silver prices surged to Rs.38,815 per kg, which also happened to be the highest silver rate for the month.
    June 1 Rate Rs.40,285 per kg
    June 30 Rate Rs.38,995 per kg
    Highest Rate in June Rs.40,895 per kg on 7 June
    Lowest Rate in June Rs.38,455 per kg on 21 & 27 June
    Overall Performance Decline
    Percentage Change -3.20%

    June 2017 - Week 1 (1st-4th):

    • Silver was seen trading at Rs.40,060 per kilogram on the 1st of June.
    • But as there was a fall in demand in local circles, prices went down to Rs.39,780 per kilogram - a decrease of Rs.280 per kg.
    • Prices gained by a significant margin as demand from all corners including coin makers and the industry rose on the 3rd.
    • Rates were seen at Rs.40,670 per kilogram - a Rs.870 increase from the previous day’s prices.
    • On the 4th, silver prices didn’t see much of a change, thanks to a sustained demand for the metal.

    June 2017 - Week 2 (5th - 11th):

    • Silver prices in India fluctuated quite a bit during the second week of June, owing to poor demand/
    • When the week began on the 5th, silver was priced at Rs.40,725 per kg and as demand went up briefly, they went up to Rs.40,890 per kg on the 6th.
    • Prices remained at Rs.40,890 per kg on the 7th but went down slightly to Rs.40,815 per kg.
    • On the 8th, silver prices slid significantly to go down to Rs.40,060 per kg - a heavy Rs.755 per kg decrease in a day’s time.
    • Thankfully, the fall didn’t continue as demand sustained at the same rate till the end of the week.

    June 2017 - Week 3 (12th-18th):

    • Silver prices during the first week of June were on the decline throughout the week due to a fall in the demand for this metal.
    • On the 12th of June, silver was priced at Rs.39,780 per kg but fell the next day to trade at Rs.39,110 per kg.
    • Due to variations in the demand for this metal, there were a lot of fluctuations noted in the silver rate in India.
    • Silver price varied between Rs.39,115 per kg to Rs.39,110 per kg and fell the next day.
    • On the last two days of the week, silver was priced at Rs.38,460 per kg due to low but steady demand.

    June 2017 – Week 4 (19 to 25)

    • The price of silver was on the increase in the fourth week of June as demand rose due to uncertainty in the markets.
    • Silver was priced at Rs.38,640 per kg on 19 June, with the price falling marginally during the week due to a dip in industrial demand.
    • A rally by the markets led to a dip in overseas demand, which led to a dip in demand from coin makers.
    • An increase in price was observed as the week progressed, with silver trading at Rs.38,690 per kg on 23 June as markets plunged, which led to higher demand for bullion.
    • Prices continued to rise as the week ended, with silver priced at Rs.38,925 per kg on 25 June as demand continued to be steady.

    June ’17 – Week 5 (26 to 30)

    • The price of silver fluctuated in the last week of June due to demand vagaries and the U.S. Dollar rate.
    • Silver was priced at Rs.38,925 per kg on 26 June as demand from industry increased due to a weakening U.S. Dollar.
    • Prices fell due to the rise of the U.S. Dollar which led to a decrease in export demand.
    • Silver prices rose as local demand rose in anticipation of the implementation of GST, which would increase the tax applicable on bullion.
    • Silver traded at Rs.39,115 per kg on 28 June as international demand also appeared to be recovering.
    • Prices dipped once again as the month ended, with silver trading at Rs.38,995 per kg on 30 June, registering a loss of 3.20% over the month.
    May 1st Rate Rs.40,040 per gram
    May 31st Rate Rs.40,060 per kg
    Highest Rate in May Rs.40,520 per kg on 30th May
    Lowest Rate in May Rs.37,705 per kg on 10th & 11th May
    Overall Performance Incline
    Percentage Change 0.49%

    May 2017 - Week 1 (1st-7th)

    • Silver prices during the first week of May were on the decline throughout the week due to a fall in the demand for this metal.
    • On the first day of the month of May in India, silver traded at Rs.40,040 per kg before reducing the next day.
    • As demand for this metal continued to decline from industrialists and coin makers, the rate of silver continued to fall as well.
    • Silver traded at Rs.39,115 per kg on the 2nd of May. However, there was no sign of a recovery in the rate of silver as the week progressed and the price of this precious metal continued to decline.
    • On the last two days of the week, silver was priced at Rs.28,005 per kg due to low but steady demand for this metal.

    May 2017 – Week 2 (8th -14th)

    • The price of silver in the second week of May rose over the course of the week as industrial demand continued to bolster prices in spite of a rise in the U.S. Dollar.
    • Silver traded at Rs.37,965 per kg on 8th May, with the price dropping marginally over the next few days as demand fell due to a rally by the markets following the victory of the centrist candidate in the French presidential election.
    • Silver traded at Rs.37,705 per kg on 10th May, with the price rising to Rs.37,865 per kg on 12th May as demand from Asia rose sharply.
    • Positive industrial projections led to an increase in demand for silver, which led to prices rising to Rs.38,005 per kg on 13th May.
    • The week ended with silver trading at Rs.38,005 per kg on 14th May, recording an increase of Rs.40 per kg over the course of the week.

    May 2017 - Week 3 (15th - 21st)

    • As there was good demand for silver from industries and coin makers, rates were on the increase for the entire week.
    • From the start of the week on 15th to the 17th, silver was trading at Rs.38,400 per kg.
    • Due to there being a slight increase in offtake, silver rates went up to Rs.39,200 kg on the 18th.
    • However, there was a dip in prices on the 19th as silver trading went down to Rs.38,900 per kg before bouncing back up to Rs.39,200 per kg on the 20th.
    • For the next two days of the week, silver prices remained the same - at Rs.39,200 per kg.

    May 2017 – Week 4 (22nd - 28th)

    • Silver was priced at Rs.39,265 per kg on the 22nd of May due to relatively low demand for this precious metal in India.
    • As the week progressed, there was a rise in the rate of silver due to increased demand from industrialists.
    • Rate of silver was Rs.39,670 per kg on the 24th and increased further to trade at Rs.39,950 per kg on the 25th and 26th of May.
    • As there was no indication of the U.S. Fed Reserve aggressively hiking rate of interest, silver traded steadily at Rs.40,190 per kg on the last two days of the week.

    May ’17 – Week 5 (29th to 31st)

    • Silver prices in India saw some fluctuation due to fluctuations in demand, with a slight dip in demand as the month ended.
    • Silver traded at Rs.40,285 per kg on 29th May as demand rose due to higher industrial demand in spite of a relatively high U.S. Dollar rate, as overseas markets continued to increase demand for silver.
    • The price rose to a monthly high of Rs.40,520 per kg on 30th May as local demand also increased.
    • Silver prices dipped on the last day of the month, falling sharply as it traded at Rs.40,060 per kg as stable markets and a high U.S. Dollar finally caught up with demand.
    • Silver recorded an increase in value of 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 the 15th and 16th of April
    Lowest Rate in April Rs.40,040 per kg on the 29th and 30th of April
    Overall Performance Decline
    Percentage Change -5.94%

    April 2017 - Week 1 (1st-9th)

    • Silver prices during the first week of April were on the increase throughout the week due to heightened demand with minor fluctuations. Silver traded at Rs.42,570 per kg on the 1st of April and stayed steady at this rate until the end of the next day as well.
    • However this demand could not be sustained and the rate of silver fell marginally the next day to trade at Rs.42,435 per kg.
    • Rate of silver increased slightly the next day to trade at Rs.42,730 per kg on the 4th of April.
    • The next day, rate of silver rose marginally to trade at Rs.42,775 per kg due to a fall in the rate of the U.S. Dollar.
    • As the week progressed, the rate of silver continued to improve with this metal trading at Rs.42,640 per kg on the last two days of the month.

    April 2017 - Week 2 (10th-16th)

    • Like that of gold, silver price in India seemed to be on the increase over the second week of April, owing to industrial demand.
    • On 10th, silver rate in India was at Rs.41,600 per kg which fell briefly on 11th to hit Rs.41,200 per gram as demand took a hit.
    • However, the fall was compensated by a higher demand on 12th from industrialists and coin makers, which brought prices up to Rs.42,500 per kg - an increase of Rs.1,300 per kg.
    • After that sudden surge in demand, silver prices went up marginally for the metal to trade at Rs.42,600 per kg.
    • Prices went up again on the 14th to reach Rs.42,800 per kg as demand seemed to increase from various sections of the society.
    • The 15th saw prices go up marginally by Rs.100 to hit Rs.42,900, which held on till the end of the week on the 16th.

    April 2017 - Week 3 (17th-23rd)

    • Silver prices during the third week of April were on the decrease throughout the week due to a fall in the demand for this metal.
    • On the first day of the third week of April, silver traded at Rs.43,030 per kg before reducing the next day.
    • As demand for this metal continued to decline from industrialists and coin makers, the rate of silver continued to fall as well.
    • Silver traded at Rs.42,435 per gram on the 19th and 20th of April. However, there was no sign of a recovery in the rate of gold as the week progressed and the rate of silver continued to fall.
    • Silver was priced at Rs.41,980 per kg on the 22nd and 23rd of April and fell even further on the last day of the week to trade at Rs.41,625 per kg.

    April 2017 - Week 4 (24th-30th)

    • Silver prices in India during the fourth week of April were on the decline throughout the week due to a fall in the demand for this metal.
    • On the first day of the fourth week of April, silver traded at Rs.41,625 per kg before reducing the next day.
    • As demand for this metal continued to decline from industrialists and coin makers, the rate of silver continued to fall as well.
    • Silver traded at Rs.40,520 per gram on the 26th and 27th of April. However, there was no sign of a recovery in the rate of gold as the week progressed and the rate of silver continued to fall.
    • Silver was priced at Rs.40,040 per kg on the 29th and 30th of April due to low but sustained demand for this metal.
    Comparison for 1 gram Silver Rates February '17
    March 1st Rate Rs.44,195 per kg
    March 31st Rate Rs.42,115 per kg
    Highest Rate in March Rs.44,195 per kg on 1st March
    Lowest Rate in March Rs.40,040 per kg on 15th March
    Overall Performance Decline
    Percentage Change -4.70%

    March 2017 - Week 1 (1st - 4th):

    • SIlver prices saw quite a few changes over the four-day period of March week 1.
    • On 1st March, silver was trading at Rs.44,195 per kg and increased by Rs.5 to trade at Rs.44,200 per kg on 2nd.
    • Rates fell by Rs.1,530 per kg on 3rd for the metal to trade at Rs.42,570 per kg.
    • When the week ended on 4th, silver prices had picked up by Rs.725 to trade at Rs.43,295 per kg.

    March 2017 - Week 2 (5th - 11th):

    • Silver rates in India seemed to follow a downhill path for the second week of March.
    • The week began with silver trading at Rs.43,300 per kg and went down to Rs.42,800 per kg on the 6th.
    • Rates on 7th remained the same as it was on 6th but went to Rs.42,100 per gram on 8th.
    • The last three days of March week 2 didn’t offer any respite either as rates further went down to Rs.41,500.
    • When the week ended, silver was trading at Rs.41,200 per gram.

    March 2017 - Week 3 (12th-18th):

    • Silver prices during the third week of March were on the increase throughout the week due to heightened demand.
    • However this demand could not be sustained and the rate of silver fell marginally the next day to trade at Rs.40,440 per kg.
    • Rate of silver continues to decline due to a fall in demand from both international and domestic markets. Rate of silver was Rs.40,040 per kg on the 15th of March.
    • The next day, rate of silver recovered marginally to trade at Rs.40,890 per kg due to a fall in the rate of the U.S. Dollar.
    • As the week progressed, the rate of silver continued to improve with this metal trading at Rs.40,815 per kg on the last three days of the month.

    March 2017 - Week 4 (19th-25th):

    • Silver rates in India fluctuated considerably during the fourth week of March.
    • On 20th, silver was trading at Rs.41,030 per kg but went down on 21st to Rs.40,890 as industrial demand decreased.
    • As demand picked up on 21st, silver prices went up to Rs.41,340 per kg and went up again to Rs.41,435 per kg on 22nd.
    • Rates remained the same on 23rd, but went down slightly on 24th to Rs.41,340 per kg.
    • On the last day of week 4, silver was still trading at Rs.41,340 per kg.

    March 2017- Week 5 (26th-31st):

    • Silver prices in India saw some ups and downs over the course of the week.
    • On 27th, silver was trading at Rs.41,980 per kg and went up by Rs.290 to hit Rs.42,270 per kg on 28th March.
    • Rates remained unchanged on 29th before increasing again to Rs.42.435 per kg on the 30th.
    • On the last day of the March, silver prices declined by Rs.320 to hit Rs.41,115 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
    Overall Performance Incline
    Percentage Change +3.86%

    February 2017 - Week 1 (1st-4th):

    • Unlike gold prices, silver rates bore witness to a different valuation for every day of February week 1.
    • On 1st, silver was trading at Rs.42,755 per kilogram which later increased to Rs.42,835 per kilogram on 2nd.
    • The 3rd, however, saw prices decline considerably to Rs.42,080 courtesy of a strengthening market.
    • Silver prices recovered on 4th to end the business week at a rate of Rs.42,355 per kilogram.

    February 2017 - Week 2 (5th-11th)

    • The price of silver increased during the second week of February, though the increases were modest compared to gold.
    • Silver traded at Rs.42,355 per kg on 5th February, as demand from coin makers as well as industry began to increase.
    • Silver was priced at Rs.42,520 per kg on 6th February, an increase of Rs.165 per kg as domestic demand also rose, reflecting international trends.
    • Demand from the Asian markets rose as the U.S. Dollar fell heavily, trading at Rs.42,930 per kg on 7th February on fears of repercussions due to the travel ban.
    • Prices continued to rise marginally, as silver touched Rs.42,950 per kg on 9th February on sustained demand from overseas as well as industry.
    • A sharp dip in price was recorded on 10th February, as silver traded at Rs.42,375 per kg.
    • Silver prices recovered marginally, trading at Rs.42,570 per kg on 11th February to record an increase of Rs.215 per kg over the week.

    February 2017 - Week 3 (12th-18th)

    • Silver prices during the third week of February were on the increase throughout the week due to heightened demand.
    • Silver traded at Rs.42,570 per kg on 12th February as demand from coin makers as well industry was high.
    • Prices rose to Rs.43,280 per kg on 13th February as local demand also rose, though prices dipped the following day as the price fell by Rs.150 to trade at Rs.43,030 per kg.
    • A weakening of the U.S. Dollar led silver to trade higher in the subsequent days, as silver recorded a price of Rs.43,155 per kg on 15th February.
    • Prices rose to Rs.43,385 per kg on 16th February and rose to Rs.43,520 per kg on 17th February on favourable market conditions.
    • The end of the week saw silver trade at Rs.43,400 per kg on 18th February, recording an increase of Rs.830 per kg over the week.

    February 2017 - Weeks 4 & 5 (19th-28th)

    • Silver prices were volatile due to frequent fluctuations in demand due to market variations.
    • Silver was priced at Rs.43,400 per kg on 19th February, falling to Rs.43,270 per kg on 20th February.
    • Prices fell further to Rs.43,240 per kg on 22nd February before demand increased and prices rose to Rs.43,295 per kg on 23rd February.
    • Silver traded at Rs.43,680 per kg on 24th February, rising to Rs.43,910 per kg on 25th February on strong demand.
    • Silver reached Rs.44,110 per kg on 27th February before closing the month at Rs.44,165 per kg on 28th February.
    January 1st Rate Rs.39,035 per kg
    January 31st Rate Rs.41,980 per kg
    Highest Rate in January Rs.42,180 per kg on 23rd January
    Lowest Rate in January Rs.39,035 per kg on 1st January
    Overall Performance Incline
    Percentage Change +7.54%
    Comparison for 1 gram Silver Rates December '16

    January 2017 - Week 1 (1st to 7th)

    • Like with gold, silver too saw prices increase during the beginning of the week. However, as new year celebrations ended, prices began to go down during the later part of the week.
    • The week began with silver trading at Rs.39,035 per kilogram and increased slightly on the 2nd to trade at Rs.39,110.
    • On 3rd, prices increased again to trade at Rs.39,355 per gram.
    • The 4th saw prices increase significantly by nearly Rs.1,000 per kilogram to trade at Rs.40,340.
    • Business day on the 5th again saw silver prices increase to Rs.40,520 before rates climbed down for the last two days of the week.
    • On the 6th and 7th, silver prices were down to Rs.40,440 and Rs.44,390 per kilogram.

    January 2017 - Week 2 (8th to 15th)

    • Silver prices also saw increases in price as demand for bullion was high and unstable markets led consumers to invest in silver.
    • Silver was priced at Rs.40,390 per kg on 8th January, with the price rising to Rs.30,520 per kg on 9th January as industrial demand rose marginally.
    • Demand from coin makers led to prices rising to Rs.40,815 per kg on 10th January.
    • Prices rose by Rs.480 per kg to trade at Rs.41,295 per kg on 11th January.
    • Prices dipped to Rs.41,265 per kg on 12th January before falling further to Rs.41,030 per kg on 13th January as demand for silver fell.
    • Prices recovered as the week ended, with silver trading at Rs.41,230 per kg on 14th and 15th January to record an overall increase in price of Rs.830 per kg for the week.

    January 2017 - Week 3 (15th to 21st)

    • Except for a few blips, silver rates ended on a positive note during the third week of January.
    • The week began with silver trading at Rs.41,230 per kilogram, which spiked up to Rs.41,340 on the subsequent day.
    • Prices increased again on the 17th to hit Rs.41,625 and went up further more on the 18th to trade at Rs.41,895.
    • On 19th, however, prices went down a little bit for silver to trade at Rs.41,675 per kilogram which carried on till the end of 20th.
    • The week ended on a high on the 21st as silver prices had increased to Rs.41,930 per kilogram.

    January 2017- Weeks 4 & 5 (22nd to 31st)

    • There were marginal changes in the price of silver during the week.
    • Silver traded at Rs.41,930 per kg on 22nd January on increased demand from the industrial sector and coin makers.
    • Prices rose to a monthly high of Rs.42,180 per kg on 23rd January but fell to Rs.42,130 per kg the next day.
    • Decreasing demand led to a further drop in price, as silver traded at Rs.41,835 per kg on 25th January as U.S. markets strengthened.
    • Silver ended the week trading at Rs.41,980 per kg on 31st January.
    December 1st Rate Rs.40,450 per kg
    December 31st Rate Rs.39,035 per kg
    Highest Rate in December Rs.41,630 per kg on 8th December
    Lowest Rate in December Rs.38,700 per kg on 23rd December
    Overall Performance Decline
    Percentage Change -3.49%
    Comparison for 1 gram Silver Rates for India November '16

    December 2016 - Week 1 (1st to 4th)

    • Bucking the trend of demonetization, silver prices in India seems to maintain its rate over the course of the week.
    • As Rs.500 and Rs.1,000 notes were nullified, silver sales too went down as compared to the closing week of November.
    • Due to there being a lack of any catalytic event no major fluctuation in silver sales were found.

    December 2016 - Week 2 (5th to 11th)

    • At the beginning of the week on December 5th, silver began to trade at Rs.40,650 per kg and remained the same for the subsequent day on December 6th.
    • On December 7th, silver prices increased by about Rs.345 per kg as the metal went on to sell at Rs.40,995 per kg.
    • There was again an increase of Rs.500 per kg on the 8th of December as silver traded at Rs.41,495 per kg.
    • On December 9th though, prices fell by Rs.150 and stood at Rs.41,345 per kg, which held on till the end of the week on December 11th.

    December 2016 - Week 3 (12th to 18th)

    • Silver prices in the country saw rapid ups and downs over the third week of December.
    • When the week began on the 12th, silver was seen trading at Rs.40,880 per kilogram.
    • The 13th saw prices climb significantly to hit Rs.41,340 per kilogram which remained the case with the 14th as well.
    • The 15th witnessed silver prices go down to Rs.800 per kg, as the metal traded at Rs.40,415 per kilogram.
    • On the 16th of December, silver priced decreased massively by Rs.1,200 to hit Rs.39,120 per kilogram.
    • The last two days of the week came as a respite for silver prices as they increased slightly to trade at Rs.39,305 per kilogram.
    • At the end of the week on the 18th, silver traded at Rs.39,305 per kilogram.

    December 2016 - Week 4 (19th to 25th)

    • Silver rates in India during the fourth week only saw minor fluctuations.
    • The week began on the 19th with the metal trading at Rs.39,500 per kilogram and decreased to hit Rs.39,200 per kilogram.
    • On the 21st, silver prices bounced back to trade at Rs.39,500 per kilogram.
    • The 22nd saw prices decrease to Rs.39,000 per kilogram and the days went on till the end of the week without any changes.

    December 2016 - Week 5 (26th to 31st)

    • There were minor changes in the silver rate during the week.
    • Silver was priced at Rs.38,460 per kilogram on 26th December, with the price rising to Rs.28,690 per kilogram on 27th December.
    • Prices continued to rise marginally as the week progressed, with silver trading at Rs.39,345 per kilogram on 28th December.
    • Prices rose to Rs.39,680 per kilogram on 29th December before a drop in demand led to prices falling to Rs.39,630 per kilogram on 30th December.
    • Demand continued to fall, with silver trading at Rs,39,035 per kilogram on 31st December.
    1st November rate Rs.42,910 per kilogram
    30th November rate Rs.41,065 per kilogram
    Highest rate in November Rs.44,960 per kilogram on 9th November
    Lowest rate in November Rs.40,190 per kilogram on 25th November
    Overall performance Decline
    % Change -4.29%
    Comparison for 1 gram Silver Rates for India October '16

    November '16 - Week 1 (1st to 6th)

    • There was high demand for silver this week from industrialists and coin makers.
    • The wedding season also gave demand a boost in the domestic market.
    • Trends in the global market gave silver support as the dollar weakened.
    • Speculative activity also resulted in a spurt in silver rates.

    November '16 - Week 2 (7th to 13th)

    • Global trends firmed up this week leading to a rise in silver prices.
    • The shock of Donald Trump’s election led to the dollar losing strength.
    • In the domestic market, PM Modi’s strike on black money led to buyers either being reluctant or unable to purchase silver.
    • There was an increase in the offtake by industrialists and coin makers this week that led to an overall increase in silver prices.

    November '16 - Week 3 (14th to 20th)

    • Global trends worked in favour of silver as the dollar retreated from its 14-year high this week.
    • Uncertainty surrounding the U.S. economic policies under Donald Trump’s presidency led to a favourable market for silver.
    • Despite favourable market trends, silver edged lowered to four-year lows.
    • Physical demand for the metal was weakened by dull consumer sentiments.
    • In the domestic market, PM Modi’s strike on black money took a toll on the economy and created a shortage of cash.
    • There was a drastic halt in footfall in jewellery shops and showrooms.
    • Prices are expected to pick up once the economy stabilises.

    November '16 - Week 4 and 5 (21st to 30th)

    • Cash shortage across the country resulted in demand for silver dropping drastically this week.
    • Demonetisation has taken its toll on the Indian economy and has hit the silver and gold business.
    • The dollar climbed after the U.S. released positive economic data.
    • A strong dollar has favoured the U.S. Federal Reserve’s move to raise interest rates in December.
    • Silver was able to recover towards the end of the week as demand picked up.
    1st October rate Rs.45,900 per kilogram
    31st October rate Rs.43,035 per kilogram
    Highest rate in October Rs.45,900 per kilogram on 1st and 2nd October
    Lowest rate in October Rs.41,685 per gram on 7th October
    Overall performance Decline
    % Change -6.24%

    October '16 - Week 1 (1st to 7th)

    • Silver rates dropped this week as global trends resulted in a bearish market.
    • Growing talk of an interest rate hike by the U.S. Federal Reserve created a reluctant atmosphere in the global markets.
    • High demand was expected in the domestic market, but this was not the case.
    • Jewellers and retailers are pinning their hopes on demand picking up during Navaratri and Dhanteras.

    October '16 - Week 2 (8th to 14th)

    • Demand for silver picked up this week as trends in the global market were positive.
    • The U.S. Federal Reserve is uncertain of a rate hike till December, but the topic is up for discussion in November.
    • With bullish tendencies rocking the market, demand for silver got a boost.
    • Towards the end of the week, the overseas market turned gloomy in light of global and financial risks which made investors turn away.
    • Silver rates dropped as industrialists and coin makers reduced their offtake.

    October '16 - Week 3 (15th to 21st)

    • Demand for silver picked up this week.
    • Expectations of the Fed rate hike increased on 17th October leading to a fall in prices.
    • Silver prices recovered on the back of increased industrial offtake and increased domestic demand as the wedding season blossomed.
    • Global trends picked up as the market turned positive.
    • Demand for silver is expected to remain high in the domestic market.

    October '16 - Week 4 (22nd to 28th) & Week 5 (29th to 31st)

    • Increased industrial offtake by coin makers and industrial units gave silver prices a boost.
    • A weakened dollar led to positive sentiments towards gold in the global market.
    • Demand in the domestic market was driven by the festive season.
    • With the wedding season blooming in the country, demand for silver is expected to remain high.
    1st September rate Rs.45,225 per kilogram
    30th September rate Rs.45,750 per kilogram
    Highest rate in September Rs.47,820 per kilogram on 7th September
    Lowest rate in September Rs.45,600 per gram on 28th September
    Overall performance Increase
    % Change 1.16%

    September '16 - Week 1 and 2 (1st to 10th)

    • Silver prices climbed through the beginning of September.
    • Prices were affected by positive global trends on account of weak U.S. economic data.
    • Gold and silver was seen on a path of inclination as investors flocked to these metals.

    September '16 - Week 3 (11th to 17th)

    • Silver rates were impacted on account of hawkish comments from the Federal Reserve that raised the expectations of an interest rate hike this month.
    • Demand for silver dropped in the domestic and overseas markets.
    • Savvy traders played it smart and took to the sidelines as the prices plunged.
    • More volatility with silver prices is expected in the near future.

    September '16 - Week 4 (18th to 24th)

    • Silver prices climbed this week as the pressure of an interest rate hike by the U.S. Federal Reserve eased up.
    • Strong offtake by industrialists also gave silver rates a good boost.
    • Speculative demand was high amid a positive global and domestic market.
    • The trend for this week was an increase in silver rates.

    September '16 - Week 5 (25th to 30th)

    • Reduced industrial support led to a drop in silver prices this week.
    • There was also a fall in the offtake by industrialists and coin makers in the domestic market.
    • In the global market, the dollar gained strength which affected the demand for silver.
    1st July rate Rs.49,430 per kilogram
    31st July rate Rs.45,460 per kilogram
    Highest rate in July Rs.49,670 per kilogram on 1st August
    Lowest rate in July Rs.44,805 per kilogram on 29th August
    Overall performance Decline
    % Change -8.03%
    Comparison for (1 gram) Silver Rates for India July'16

    August '16 - Week 1 (1st to 7th)

    • The price of silver steadily declined as demand was muted in spite of a weak Dollar and fluctuating equity markets.
    • Silver prices rose marginally due to a sustained drop in equity markets the previous week.
    • The resurgence in the stock market due to positive economic data led to demand shrinking and overseas demand also fell.

    August '16 - Week 2 (8th-14th)

    • As gold prices rose, silver also followed suit.
    • Silver prices rose as domestic demand increased. Prices touched Rs.48,750 on 10th August.
    • There was also an increase in the offtake by industrialists and coin makers giving silver prices a strong backing.

    August '16 - Week 3 (15th-21st)

    • The prices of silver experienced a downturn through the week.
    • Reduced offtake by industrialists led to the prices declining.
    • With the dollar gaining strength, the U.S. economy is strong enough to go through with the Federal Reserve interest rate hike.
    • Overall, silver rates did not rapidly decline but managed to hold quite steady through the week.

    August '16 - Week 4 (22nd-28th)

    • The U.S. dollar has gained strength as the economy brightens up. This has led to a fall in prices of silver in the global market.
    • However, increased offtake from industrialists, jewellers and coin makers in the domestic market have kept prices stable.
    • Prices for silver are expected to rise as experts foresee better demand in the second half of 2016.

    August '16 - Week 5 (29th-31st)

    • The U.S. Federal Reserve is confident that a rate hike is possible soon as the economy is strong enough now.
    • Silver dropped on account of a stronger dollar.
    • Sluggish demand in the domestic market as well contributed to lower prices this week.
    1st July rate Rs. 46,490 per kg
    31st July rate Rs. 48,970 per kg
    Highest rate in July Rs. 49,745 per kg on July 11
    Lowest rate in July Rs. 46,490 per kg on July 1
    Overall performance Rising
    % Change +7.00%
    Comparison for (1 gram) Silver Rates for India Jun'16

    July'16 - Week 1 and 2 (1st to 10th)

    • The first week of July saw silver futures streak a two-year high reaching levels that have not been experienced since July 2014.
    • Investors favoured the metal owing to economic and political concerns that indicate the current easy monetary policies from the central banks would continue in for some more time.
    • The spikes in silver rates were due to increased expectations of the central banks providing more monetary stimulus to the market in order to counteract the negative impact of the Brexit vote.
    • Silver slipped from it’s 2-year high after the U.S. released positive job data that made the dollar stronger.

    July'16 - Week 3 (11th to 17th)

    • Silver prices were not affected drastically by market forces or prevailing economic conditions as the rate was more or less constant.
    • The silver rates saw a slight decline as market demand for the metal fell slightly as the markets stabilised on the news of the Dollar strengthening.
    • The rate of silver fluctuated as the markets strengthened as equities began to stabilise after the Brexit vote plunged them into instability in late June.
    • Prices appeared to be on the decline as the week progressed, with demand falling slightly due to reduced interest from industrial units domestically.

    July '16 - Week 4 (18th to 24th)

    • As gold rates dropped significantly this week, silver also followed suit.
    • Silver was seen on a steady decline owing to a rising dollar and weaker global markets.
    • Expectations of a U.S. Federal Reserve hike have sprung back up again.
    • The impact of the Brexit vote still lingers in the market but demand seemed to stabilise by the end of the week.

    July‘16 - Week 5 (25th to 31st)

    • The value of silver stood at Rs.47,160 on the 25th of July, after which they fluctuated over the course of the next four days as marginal increases were written off by subsequent losses.
    • On the 30th of July, silver prices per kg increased to Rs.48,970 and remained unchanged for another day, thus ending the month at the aforementioned rate.
    1st June rate Rs.38,720
    30th June rate Rs.44,725
    Highest rate in June Rs.44,725 on 30th of June
    Lowest rate in June Rs.38,720 on 1st of June
    Overall performance Rise
    % Change +15.51
    Comparison for (1gram) Silver Rates for India May'16

    Jun'16 - Week 1 (1st to 5th)

    • Silver traded steadily at the beginning of June.
    • The trend for silver indicates a steady increase as the prices have been rising at a comfortable pace.
    • With the industrial offtake, demand for silver has been stable.

    Jun'16 - Week 2 (6th to 12th)

    • Silver traded at Rs. 39,690 per kg on the 6th of June.
    • Prices shot up owing to demand and silver traded at Rs. 41,590 per kg on the 10th of June which was also the highest rate for the week.

    Jun'16 - Week 3 (13th to 19th)

    • Silver traded at Rs. 41,445 per kg on the 13th of June.
    • Prices further rose up to Rs. 42,175 per kg on the 15th of June.
    • Silver closed the week at Rs. 42,235 per kg on the last day of the week.

    Jun'16 - Week 4 (20th to 26th)

    • The rate of silver was quite steady during the third week of June with a few variations here and there.
    • Prices have seen a steady increase and this could be attributed to increased demand and global trends.
    • As the week progressed, a general increase in price was seen in most centres.

    Jun'16 - Week 5 (27th to 30th)

    • Silver rates fluctuated between the 27th and 29th of June, but prices increased to a significant extent by the last day of the month.
    • Prices were recorded at Rs.43,480 on the 27th of June and Rs.44,725 on the 30th of June.
    • Between the 27th and 30th of June, prices increased by Rs.1,245 due to increase in demand amid strengthening domestic and international trends.
    1st May rate Rs. 42,590 per kg
    31st May rate Rs. 39,065 per kg
    Highest rate in May Rs. 42,675 per kg on May 2
    Lowest rate in May Rs. 39,065 per kg on May
    Overall performance Decline
    % Change -8.27%

    May'16 - Week 1 (1st to 7th)

    • Silver rates increased marginally on the 1st of May in comparison with the previous week, but prices took a tumble and kept declining as the week wore on.
    • Prices were recorded at Rs.42,590 on the 1st of May and Rs.41,875 on the 7th of May.
    • Between the 1st and 7th of May, prices fell by Rs.715 due to decline in demand.

    May ‘16 - Week 2 (8th to 14th)

    • Silver rates remained unchanged from the previous week’s levels, but prices fluctuated throughout the week, first falling then rising before falling again to close the week at a loss.
    • Prices were recorded at Rs.41,875 on the 8th of May and Rs.41,255 on the 14th of May.
    • Between the 8th and 14th of May, prices fell by Rs.620 due to decline in demand.

    May ‘16 - Week 3 (15th to 21st)

    • Silver rates remained unchanged from the previous week’s levels, but prices fluctuated throughout the week, with price inclines and declines on alternate days.
    • Prices were recorded at Rs.41,255 on the 15th of May and Rs.40,135 on the 21st of May.
    • Between the start and end of the week, prices dropped by Rs.620 due to decline in demand.

    May ‘16 - Week 4 (22nd to 28th)

    • Silver rates steadily declined this week in comparison to the rest of the month.
    • Prices were recorded at Rs. 39,100 on the 22nd of May and Rs. 40,135 on the 28th of May.
    • The decline in prices in India can be directly attributed to global market trends. The prices have now settled above Rs. 39,000 per kg of silver.

    May ‘16 - Week 5 (29th to 31st)

    • The rate of silver remained quite steady except for a few minor fluctuations here and there.
    • The price of silver reduced as the month progressed, closing at Rs. 39,065 per kg on the 31st of May.
    • On the 1st of May, gold traded at Rs. 42,590 per kg.
    1st April rate Rs 36,780
    30th April rate Rs 42,590
    Highest rate in April Rs 42,690 on 29th
    Lowest rate in April Rs 36,000 on 4th
    Overall performance Gain/Positive
    % Change + 15.8%

    Apr'16 - Weeks 1 & 2 (1st to 10th)

    • Silver prices were up in the first 10 days of trading in the national capital.
    • Rates were Rs.36,020 on 1st and Rs.36,620 on 10th.
    • Silver registered gains on the back of firming global trends, a weak dollar, and increased offtake and healthy industrial demand.

    Apr ‘16 - Week 3 (11th to 17th)

    • Silver rates appreciated in the third week of trading.
    • Rates were Rs.37,115 on 11th and Rs.39,110 on 17th.
    • Prices gained an overall value of Rs.1,995 over the course of the week.

    Apr ‘16 - Week 4 (18th to 24th)

    • Silver posted gains in this week also.
    • Prices were Rs.38,920 on 18th and Rs.41,115 on 24th.
    • Silver gained Rs.1,195 during this week’s trading.

    Apr ‘16 - Week 5 (25th to 30th)

    • Silver had a poor start to the week, as prices fell from Rs 41,155 to Rs 40,810 on 25th.
    • A steady increase in rates was witnessed through the rest of the week.
    • Prices reached a maximum of Rs 42,690 on 29th before dropping to Rs 42,590 on 30th.
    1st March rate* Rs.37,005
    31st March rate Rs.36,495
    Highest rate in March Rs.38,640 on 18th
    Lowest rate in March Rs.36,455 on 29th
    Overall performance Loss/Negative
    % Change -1.38%

    *Rates as per New Delhi rates

    Mar'16 - Week 1 (1st to 6th)

    • Silver prices rallied in the 1st week of March.
    • Prices were Rs.37,005 on 1st and Rs.36,640 on 6th.
    • Silver rose to Rs.37,710 on 2nd before settling at Rs.36,640 for the rest of the week, a cumulative drop of Rs.365 over the week.

    Mar'16 - Mar'16 - Week 2 (7th to 13th)

    • Silver prices appreciated marginally in the 2nd week.
    • Prices were Rs.37,695 on 7th and Rs.37,710 on 13th.
    • Silver rose marginally by Rs.15 on 8th and settled at that level for the rest of the week.

    Mar'16 - Week 3 (14th to 20th)

    • Silver was up again in the 3rd week.
    • Prices were Rs.37,650 on 14th and Rs.37,865 on 20th.
    • Silver prices were volatile over the week, dropping to a low of Rs.37,710 on 16th and touching a high of Rs.38,640 on 18th.

    Mar'16 - Week 4 (21st to 27th)

    • Silver rates fell in the 4th week.
    • It was priced at Rs.37,930 on 21st and Rs.36,685 on 27th.
    • Silver prices depreciated by an overall margin of Rs.1,245 over the fourth week.

    Mar'16 - Week 5 (28th to 31st)

    • Silver prices fell marginally during the last four days of the month.
    • Prices were Rs.36,570 on 28th and Rs.36,495 on 31st.

    1st February rate*Rs.34,970
    29th February rateRs.36,295
    Highest rate in FebruaryRs.38,640 on 12th
    Lowest rate in FebruaryRs.34,970 on 1st
    Overall performanceGain/Positive
    % Change+3.79%

    *Rates as per New Delhi rates

    Week 1 (1st to 7th)

    • Silver prices rallied in the 1st week of February.
    • Prices were Rs.34,970 on 1st and Rs.36,925 on 7th.
    • Silver rose on all days of the weeks, gaining an overall amount of Rs.1,955 in trading over the week.

    Week 2 (8th to 14th)

    • Silver prices appreciated again in the 2nd week.
    • Prices were Rs.36,950 on 8th and Rs.38,525 on 14th.
    • Silver rose to Rs.38,640 by 12th before sliding down marginally to Rs.38,525 by the end of the week.

    Week 3 (15th to 21th)

    • Silver registered more profits in the 3rd week.
    • Prices were Rs.37,220 on 15th and Rs.37,930 on 21st.
    • Silver continued its appreciation going into the 3rd week, rising by a margin of Rs.710.

    Week 4 (22nd to 29th)

    • Silver rates also ended the first month of 2016 on a positive note.
    • It was priced at Rs.37,615 on 22nd and Rs.36,295 on 29th.

    Silver prices declined in the last days of February, falling by Rs.320 over the course of the week.

    4thJanuary rate*

    Rs.33,320

    31stJanuary rate

    Rs.34,930

    Highest rate in January

    Rs.35,565 on 28th

    Lowest rate in January

    Rs.33,295 on 13th

    Overall performance

    Gain/Positive

    % Change

    +4.83%

    *Rates as per New Delhi rates

    Jan '16 - Week 1 (4th to 10th)

    • Silver prices in India started 2016 on a positive note, as seasonal demand and increased offtake by industrial units spurred rates.

    • Prices were Rs.33,230 on 4th and Rs.33,865 on 10th.

    • Silver breached the 34,000 mark to rise to a high of Rs.34,200 and ended the week at a healthy Rs.33,865.

    Jan '16 - Week 2 (11th to 17th)

    • Silver continued gaining value in the 2nd week.

    • Prices were Rs.33,750 on 11th and Rs.34,335 on 17th.

    • During this week, silver touched a monthly low of Rs.33,295 on 13th.

    Jan '16 - Week 3 (18th to 24th)

    • Silver registered more profits in the 3rd week.

    • Prices were Rs.34,115 on 18th and Rs.34,425 on 24th.

    • Silver was stable within the range of Rs.34,100 to Rs.34,600 throughout the week.

    Jan '16 - Week 4 (25th to 31st)

    • Silver rates also ended the first month of 2016 on a positive note.

    • It was priced at Rs.34,435 on 25th and Rs.34,930 on 31st.

    • During the week, silver breached the 35,000 mark and also touched a monthly high of Rs.35,565 on 28th.

    1 st December rate Rs.34,040
    31 st December rate Rs.33,405
    Highest rate in December Rs.35,050 on 5th and 6th
    Lowest rate in December Rs.33,050 on 18th
    Overall performance Loss/Negative
    % Change -1.86%
    Dec'15 - Week 1 (1stto 7th)
    • Silver Rates in India were up in the 1st week of December.
    • Rates were around Rs.34,040 on 1st and Rs.35,015 on 7th.
    • Silver had a mostly positive first week except for 3rd when prices dropped below Rs.34,000 to settle at Rs.33,660.
    • Silver breached Rs.35,000-mark for the first time this month on 5th when prices touched Rs.35,050.
    Dec'15 - Week 2 (8thto 14th)
    • Silver lost value during the 2nd week.
    • Prices were around Rs.34,415 on 8th and Rs.33,670 on 14th.
    • Silver was stable in the range of Rs.33,915 to Rs.34,415 till 13th before prices dropped by Rs.340 on 14th to rest at Rs.33,670.
    Dec'15 - Week 3 (15thto 21st)
    • Silver Rates were stable overall in the 3rd week.
    • Silver was priced at Rs.33,230 on 15th and Rs.33,900 on 21st.
    • Silver had a stable 3rd week except for 18th and 19th when prices fluctuated by Rs.800 to end at the same level on 19th.
    Dec'15 - Week 4 and Week 5 (22ndto 28th, 29thto 31st)
    • Silver Rates depreciated marginally in the last weeks of December.
    • Rates were Rs.34,020 on 22nd and Rs.33,405 on 31st.
    • Prices stayed a little over Rs.34,000 till 28th before dropping substantially by Rs.785 on 29th to settle at Rs.33,490.
    • There was slight fluctuations in the next two days as silver ended the month and year at Rs.33,405.
    1stNovember rate Rs.32,500
    30thNovember rate Rs.30,100
    Highest rate in November Rs.32,500 on 1st
    Lowest rate in November Rs.30,000 on 19th and 20th
    Overall performance Loss/Negative
    % Change -7.38%
    Nov '15 - Week 1 (1st to 7th)
    • Silver Rates in India depreciated in the 1st week of November.
    • Prices were around Rs.32,500 on 1st and Rs.30,750 on 7th.
    • Prices dropped throughout the week without trading in the positive for any day.
    Nov '15 - Week 2 (8th to 14th)
    • Silver dropped again in the 2nd week.
    • Prices were around Rs.32,500 on 8th and Rs.30,200 on 14th.
    • Prices once again fell all through the week though not as steeply as the first week.
    Nov '15 - Week 3 (15th to 21st)
    • Silver Rates were stable overall in the 3rd week.
    • Prices were about Rs.30,200 on 15th as well as on 21st.
    • Silver depreciated to a monthly low of Rs.30,000 on 19th and 20th before rallying back to Rs.30,200 on 21st.
    Nov '15 - Week 4 and Week 5 (22nd to 28th, 29th to 30th)
    • Silver Rates depreciated marginally in the last weeks of November.
    • Prices were about Rs.30,200 on 22nd and Rs.30,100 on 30th.
    • Silver breached Rs.30,500 mark on 27th before stabilizing at the month ending rate of Rs.30,100 by 30th.

    Factors Affecting Silver Rates in India

    There are a lot of factors at play that impact silver prices in India. Even though silver rates have shown a steady increase over the last two decades, the historical trends should not be taken as a benchmark when considering future price volatility. Investment in silver as a commodity has gained steam in the country, and investors need to factor in various variables if they are to make decent profits from silver in the short/long run.

    1. Large investors: The silver market is much smaller than the gold market. As such, large investors or traders can potentially influence silver prices. A point in case here is Warren Buffet buying 130 million troy ounces of silver in 1997 at $4.50/ounce, which impacted market prices.
    2. Oil prices: Mining of silver is an energy-intensive process, and so silver prices are correlated with oil prices, the primary energy source in today’s world. Also, imported silver requires a strong logistics platform backed by consistent oil supply. Volatility in oil prices cause dynamic prices of both gold and silver.
    3. Industrial demand: As India moves towards greater industrialization, the need for silver as an industrial commodity has seen a spike in recent times. This is touted to drive silver prices in the near future and beyond.
    4. Import duties: As silver is primarily imported in India, silver rates are directly affected by the import duty applicable on imports. A higher import duty translates to higher silver prices in India.
    5. US Dollar fluctuation: Silver prices are inversely affected by the USD Index. This means that a strengthening USD can decrease silver rates in India, while a weakening Dollar signals increasing silver prices.
    6. Gold prices: In general, silver prices follow the upward/downward trend of gold closely. If there is a spike in demand for gold leading to increase in its price, silver will follow suit. Similarly, any decrease in gold prices will see a greater decrease in silver prices.
    7. Trade deficits: The greater the amount of imported commodities, the more will be a country’s trade deficit. As the trade deficit increases, the government may take step in to take counteractive steps to curb import of commodities, such as it did in the last couple of years to rein in gold imports.
    8. Inflation: As commodities like gold and silver are preferred choices of customers to hedge their funds in times of financial stress owing to inflation, prices of silver tend to increase when inflation is high.
    9. Large Concentrated Short Position:3 or 4 of the largest silver traders currently hold 90% of all short silver contracts. This sort of concentration of a publicly traded commodity in the hands of few can have significant implications on prices of silver in the short and long run.

    Silver Measurements

    Silver is measured in troy weight and grams. Silver may sell in troy ounces, million ounces, grams, kilograms, tonnes, short tonne, metric tonnes, tolas etc.

    Silver fineness is measured as the percentage of silver in the resulting alloy. For instance, a fineness of 900 implies 90% silver in the final product. Fineness is the parts of silver per 1000 parts. Usually copper is added to silver to produce more durable coins. Silver may also be measured in carats similar to how gold is measured.

    Silver Demand in India

    Silver has the dual usefulness of being a precious metal as well as an industrial metal. World over, silver is primarily traded for its industrial implications, however Indian silver imports are largely for jewelry and silverware. India is among the top 5 silver consumers in the world. About 60% of silver consumption in India is from the rural population who view it as a solid savings commodity.

    India does not produce silver in a significant scale and most of the silver has to be imported from outside the country. Moreover, silver demand has been on the rise in major growing economies like India and China during the past few years. Nascent industries such as medicine, manufacturing etc. are picking up demand for silver, and this may soon translate to higher levels of imports.

    Silver Commodity Trading in India

    Silver as a commodity is traded in three commodity exchanges in India:

    1. Multi Commodity Exchange (MCX).
    2. National Commodity & Derivatives Exchange (NCDEX).
    3. National Multi Commodity Exchange (NMCE).
    MCX

    Silver is traded in 3 contract types:

    Silver Mini (SILVERM)
    • Trading units of 5 kg.
    • Base value of 1 kg.
    • Price quotation: Ex-Ahmedabad.
    • Maximum order size of 600 kg.
    • Daily price limit of 4%.
    • Tick size (minimum price movement) of Re. 1 per kg.
    • Upper limit on positions: 60 MT for all silver contracts combined for individual investors. 300 MT or 15% of market wide open positions for a member collectively investing for all clients.
    • Purity grade 999 and fineness 999.
    Silver Micro (SILVERMIC)
    • Trades from Monday to Friday.
    • Trading units of 1 kg.
    • Base value of 1 kg.
    • Price quotation: Ex-Ahmedabad.
    • Maximum order size of 600 kg.
    • Daily price limit of 4%.
    • Tick size (minimum price movement) of Re. 1 per kg.
    • Upper limit on positions: 60 MT for all silver contracts combined for individual investors. 300 MT or 15% of market wide open positions for a member collectively investing for all clients.
    • Purity grade 999 and fineness 999.
    Silver 1000 (SILVER 1000)
    • Trades from Monday to Friday.
    • Trading units of 5 kg.
    • Base value of 1 kg.
    • Price quotation: Ex-New Delhi.
    • Maximum order size of 600 kg.
    • Daily price limit of 4%.
    • Tick size (minimum price movement) of Re. 1 per kg.
    • Upper limit on positions: 60 MT for all silver contracts combined for individual investors. 300 MT or 15% of market wide open positions for a member collectively investing for all clients.
    • Purity grade 999 and fineness 999.
    NCDEX

    Silver Futures Contract (SILVERHEDG)

    • Trades from Monday to Friday.
    • Trading units of 30 kg.
    • Price quotation: Ex-New Delhi.
    • Maximum order size of 1,500 kg.
    • Daily price limit of 4%.
    • Tick size (minimum price movement) of Re. 1 per kg.
    • Upper limit on positions: 100 MT or 5% of market wide open positions for all silver contracts for clients. 1,000 MT or 20% of market wide open positions for a member collectively investing for all clients.
    • Purity grade 999 and fineness 999.

    Check Out Silver price of top Cities of India

    Silver Rate in Chennai Silver Rate in Bangalore Silver Rate in Mumbai
    Silver Rate in Delhi Silver Rate in Pune Silver Rate in Kolkata

    FAQs

    Why is the silver rate increasing?

    The rising market volatility and the weakened currency markets, especially the Dollar, are attributed to the rise in the silver rate.

    Why are silver coins/bars considered a good investment option?

    Given the current monetary policies that are pushing down the value of currencies the world over, investing in silver will give you strong returns.

    Silver coins, usually sold by government mints, can be verified and liquidated quickly if the need arises.

    Silver bars have the lowest premium over the spot price and are also easy to carry and transport, making it a good idea of you’re looking at building your portfolio quickly.

    Is silver a good investment in 2016?

    Predictions tend to favour a good run for silver in 2016 given the uncertain condition of the global economy. The global markets appear to have reacted badly to the US Federal Reserve’s rate cut, leading to even more instability in an already volatile market.

    While silver by itself is a volatile investment, it looks set for a bull run after a long period of price stagnation, making it a good idea to invest before the prices rise.

    How much is one gram of silver worth?

    One gram of silver is worth Rs. 44.26 at current market rates. (as on 19th May16)

    How much does one troy ounce of silver cost?

    One troy ounce of silver (equal to approximately 31 grams) costs Rs. 1139.96 approximately. (as on 19th May16)

    How much is one kilogram of silver worth?

    One kilogram of silver (in the form of a silver bar) is currently worth Rs. 44, 258. (as on 19th May16)

    Where can I buy silver bars in India?

    If you’re looking at investing in silver, you can buy silver bars from public as well as private sector banks. You can also choose to buy silver bars from jewellers.

    What are the advantages of buying silver coins from a bank?

    Buying silver coins from a bank assures you of the quality and authenticity of the silver. Each silver purchase from a bank comes with a quality certificate. The bank would sell the silver to you at the prevalent market rate, reducing the chance of you paying too much for the silver.

    What is the best silver bullion to buy?

    While there is no ‘best silver’ to buy, there are certain advantages to buying silver coins. They are easy to transport and liquidate, making them a good investment. They are also easy to collect compared to silver bars, and junk silver coins can be bought at below the spot price.

    What is hallmarking?

    Hallmarking is the process of officially recording and determining the precious metal content in gold or silver articles. It is used as a guarantee of purity of the metal article and is universally accepted in many countries.

    What are the benefits of buying hallmarked bullion?

    Buying hallmarked bullion assures the customer that the article being bought is genuine and is of a specific purity and grade.

    What should one look for in a hallmarked silver article?

    A hallmarked silver article will contain the following:

    • A BIS hallmark on the surface of the article
    • A purity grade (ranging from 999.9 to 999 for fine silver).
    • Jeweller’s identification mark
    • Year of marking
    • Hallmarking centre’s identification mark (logos as displayed on the BIS website)

    What are some tips on buying silver?

    • Start small, especially if you’re buying from a dealer.
    • Shop around to find the best rate if you’re buying coins as most dealers will charge a premium over spot price. Find a dealer who charges the lowest price.
    • Always do your research before buying to ensure you’re not being defrauded.
    • If you’re looking to buy and keep, invest in bullion such as silver bars instead of coins, whose value fluctuates depending on its demand from time to time.

    Is investing in silver stocks a better idea than investing in the metal?

    Silver stocks are dependent on the silver mining business, whereas silver bullion is dictated purely based on market demand and is considered a better investment option than silver stocks.

    How liquid is bulk silver and will the dealer buy it back from me?

    Silver coins will usually be bought back in bulk, with the dealer exchanging your silver for regular currency. However the rate at which the silver is bought back would depend on the prevailing market conditions.

    When is the best time to buy silver?

    While most investors generally buy silver when the financial markets and economy are experiencing a downturn, this is one of the worst times to buy since bullion prices are always higher given the uncertainty of currency and stocks. The best time to buy would be when markets are somewhat stable, resulting in the rate being relatively low.

    Will the bank levy a charge or premium if I buy silver from them?

    Yes, most banks will levy a premium on bullion sold by them, which would depend on the market scenario at the time. Buying from a bank is generally a safer options since this bullion comes with a quality certificate and is guaranteed by the bank and an external agency.

    Will I have to pay tax on my silver purchase?

    You will be charged VAT (value Added tax) on your bullion purchase at the time of purchase. If you have bought silver bullion above Rs. 5 lakh in cash, you will be required to pay tax of 1% at source (at the time of purchase).

    Where can I sell my silver bullion in India?

    You can sell bullion (in the form of coins and bars) to authorised bullion dealers. Banks are not allowed to buy back bullion sold by them.

    What are the advantages of investing in silver?

    • In times of economic upheaval, bullion in the form of gold and silver appreciates in price as they assure guaranteed returns on selling.
    • Silver is set to appreciate in value, making it a good investment choice.
    • Silver is cheaper to invest in than gold, enabling all individuals to safeguard their wealth by investing in it.
    • Silver has greater value as it is used in industry for a number of purposes, making it more valuable than gold.
    • Silver reserves are nearly exhausted as the metal has not been mined in decades, creating a ‘silver deficit’ and driving up its value and price.
    Also Know: Gold Rate in India

    Read more on Silver

    Other Products

    Read Silver Rate India news or Enjoy it on the go Google Play

    • Gold rates drop due to subdued demand, silver trade rebound

      Gold trade took a downturn yet again for the fifth consecutive session with gold prices dropping by Rs.75 per 10 grams in Mumbai on Wednesday. This downtrend in the trade was a result of subdued demand from retailers and stockists.

      However, silver surged by Rs.80 per kg, thanks to renewed offtake from industries and coin makers coupled with strong global cues. On Wednesday, pure gold (99.9 purity) dropped by Rs.75 to Rs.29,425 per 10 grams from the previous day's price of Rs.29,500 per 10 grams.

      Gold, in the global market, rose in early trade as the US dollar value dropped due to talks on the appointment of a new dovish Federal Reserve chairman in the next year. In Europe, gold rose to $1,281.30 an ounce in early trade after having touched its lowest price since mid-August on Tuesday. Meanwhile, silver rates climbed to $16.80 an ounce in the European trade.

      4th October 2017

    • While gold prices rise, silver still recovers

      Taking positive leads in the global market, gold prices have gone up in between the increased buying from the local jewellers. Currently the numbers show that silver has increased by Rs.345. Pure 99.5 gold stands at Rs.195, rising by Rs.30, 065 per 10 grams from Tuesday’s closing of Rs.29, 870. 99.9% pure gold increased by Rs.30, 215 per 10 grams.

      However, silver which was Rs.40,515 per kg increased to Rs.40,860 this Wednesday.

      Even globally, gold prices have stood higher. US investors considered US inflation data as that will provide the road map of the US interest rate rise. Spot gold at an early trade was up 0.1% at $1,332.48 an ounce and silver was flat at $17.91 an ounce as of september 13, 2017.

      13th September 2017

    • Silver imports drop significantly in Gujarat

      As silver prices have increased over the last month, trading has largely been affected. The state of Gujarat in particular has seen one of the worst performances in August with imports falling by 97.99% for the month.

      Bullion Federation’s national secretary, Haresh Acharya spoke about this and said that silver demand doesn’t work like gold and the metal’s imports aren’t driven by demand. It is instead dependent on prices and whenever silver prices are low, demand tends to increase.

      He further said that over 25% of silver imports are mostly used by industrial entities and when prices go down, these establishments procure more and more of the metal.

      4th September 2017

    • Silver prices decline after hitting 13-month highs despite conflict

      While gold has been enjoying some increased demand in the global market, demand for silver seems to have gone down slightly during yesterday’s trading session.

      At present, the conflict between the US and North Korea have surged up as the Kim Jong Un-led nation fired missiles above Japanese land. This move led to gold rates surging as safe-haven buying saw a major increase after investors flocked the markets.

      However, silver rates went down after hitting a intraday high that went above JUly 2016 levels, painting a bearish picture over the metal’s near-future prospects.

      31st August 2017

    • Gold & Silver Rise On Higher Demand From Industry

      Bullion prices rose in early trading as there was an increase in demand from industry and investors. Gold rose to Rs.29,206 for 10 grams in early trading on August 28th, 2017.

      Silver prices rose to trade at Rs.39,125 per kg, an increase of 0.29%.

      Positive global cues as well as uncertainty over the U.S. President’s threat to shut down NAFTA (North American Free Trade Agreement) buoyed sales of bullion.

      28th August 2017

    • Silver rates decline while that of gold remains steady

      Silver rates fell below Rs.40,000 per kg mark on the 21st due to a muted demand from local industrial units and coin makers.

      Traders from the local circle suggested that this fall in silver prices is vastly due to a decreased demand from the local market. Despite low demand, the white metal’s rates were curbed from further falling due to a positive demand internationally.

      In the global stage, silver price rose by 0.47% to $17.02 per ounce while that of gold rose by 0.31% to $1,288 per ounce in Singapore.

      22nd August 2017

    • Silver Prices Drop As Dollar Stabilises

      The price of silver was on the decline due to a revival in fortunes by the U.S. dollar as August began. Silver futures fell to $16.66 per troy ounce on August 1st, 2017 as investors looked ahead.

      The U.S. dollar index traded at 92.97 after recovering from historic lows over the past month. Silver prices had been low for most of July 2017 due to speculation and poor demand.

      2nd August 2017

    • Gold demand rises in domestic markets; silver falls

      Gold prices surged by Rs.160 per 10 gram quantity during the trading hours of 24th July to hit near three-week high figures in the national market.

      Prices were reportedly holding at Rs.29,150 per 10 gram when trading began but as the day progressed, they went to Rs.29,310 per 10 gram as demand from local jewellers surged. This was a breakaway from the international trading rates, which remained rather sluggish throughout the day.

      Silver rates, however, fell to Rs.39,100 per kg - Rs.250 decrease - as global cues, and consequently, the local demand remained negative.

      25th July 2017

    • Precious metals(gold and Silver) are plunging lower on global cues

      Gold prices are falling for the past 10 consecutive days below the mark of Rs.28,000 by Rs.390 per 10 grams. The dip in the demand is observed globally and there are multiple factors affecting the prices. Additionally, the Silver prices have dropped below the Rs.36,000 mark by Rs.1,220 per kilogram. The import of precious metal in India is currently low due to the implementation of GST and increased gold prices. Moreover, the banks are also hesitating on importing precious metal since it could cost more due to the new tax scheme.

      14th July 2017

    • For more related news /update on silver price visit: Silver News

    Silver Rate - Sitemap

    Silver Rate In Metro Cities
    Silver Rate In Other Capitals
    Silver Rate In Other Major Cities
    Silver Rate In States
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.