Silver Price in India Today Last Updated : 19 Oct 2021

Todays Silver price in India:

  • 1 gram silver price is 67.50 Indian Rupee
  • 1 kg silver price is 67,500 Indian Rupee
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  • Silver Price In Indian Cities

    City Silver (1 gram) Bar Silver (1 Kg)
    ADILABAD ₹ 67.5 ₹ 67,500
    AGARTALA ₹ 67.5 ₹ 67,500
    AGRA ₹ 67.5 ₹ 67,500
    AHMEDABAD ₹ 67.5 ₹ 67,500
    AHMEDNAGAR ₹ 67.5 ₹ 67,500
    AIZAWL ₹ 67.5 ₹ 67,500
    AJMER ₹ 67.5 ₹ 67,500
    AKOLA ₹ 67.5 ₹ 67,500
    ALIGARH ₹ 67.5 ₹ 67,500
    ALLAHABAD ₹ 67.5 ₹ 67,500
    AMBALA ₹ 67.5 ₹ 67,500
    AMBIKAPUR ₹ 67.5 ₹ 67,500
    AMRAVATI ₹ 67.5 ₹ 67,500
    AMRITSAR ₹ 67.5 ₹ 67,500
    ANAND ₹ 67.5 ₹ 67,500
    ASANSOL ₹ 67.5 ₹ 67,500
    AURANGABAD ₹ 67.5 ₹ 67,500
    BAHADURGARH ₹ 67.5 ₹ 67,500
    BALANGIR ₹ 67.5 ₹ 67,500
    BALASORE ₹ 67.5 ₹ 67,500
    BALLARI ₹ 67.5 ₹ 67,500
    BANGALORE ₹ 67.5 ₹ 67,500
    BANKURA ₹ 67.5 ₹ 67,500
    BAREILLY ₹ 67.5 ₹ 67,500
    BARIPADA ₹ 67.5 ₹ 67,500
    BATHINDA ₹ 67.5 ₹ 67,500
    BELGAUM ₹ 67.5 ₹ 67,500
    BERHAMPUR ₹ 67.5 ₹ 67,500
    BHADRAK ₹ 67.5 ₹ 67,500
    BHAGALPUR ₹ 67.5 ₹ 67,500
    BHARUCH ₹ 67.5 ₹ 67,500
    BHILAI ₹ 67.5 ₹ 67,500
    BHIMAVARAM ₹ 67.5 ₹ 67,500
    BHIWANI ₹ 67.5 ₹ 67,500
    BHOPAL ₹ 67.5 ₹ 67,500
    BHUBANESHWAR ₹ 67.5 ₹ 67,500
    BIDAR ₹ 67.5 ₹ 67,500
    BIJAPUR KARNATAKA ₹ 67.5 ₹ 67,500
    BIKANER ₹ 67.5 ₹ 67,500
    BILASPUR ₹ 67.5 ₹ 67,500
    BOKARO ₹ 67.5 ₹ 67,500
    CHANDIGARH ₹ 67.5 ₹ 67,500
    CHANDRAPUR ₹ 67.5 ₹ 67,500
    CHENNAI ₹ 67.5 ₹ 67,500
    CHITRADURGA ₹ 67.5 ₹ 67,500
    CHITTOOR ₹ 67.5 ₹ 67,500
    COIMBATORE ₹ 67.5 ₹ 67,500
    COOCH BEHAR ₹ 67.5 ₹ 67,500
    CUDDALORE ₹ 67.5 ₹ 67,500
    CUTTACK ₹ 67.5 ₹ 67,500
    DARJEELING ₹ 67.5 ₹ 67,500
    DAVANGERE ₹ 67.5 ₹ 67,500
    DEHRADUN ₹ 67.5 ₹ 67,500
    DEWAS ₹ 67.5 ₹ 67,500
    DHANBAD ₹ 67.5 ₹ 67,500
    DHARMAVARAM ₹ 67.5 ₹ 67,500
    DHULE ₹ 67.5 ₹ 67,500
    DIBRUGARH ₹ 67.5 ₹ 67,500
    DINDIGUL ₹ 67.5 ₹ 67,500
    DISPUR ₹ 67.5 ₹ 67,500
    DURGAPUR ₹ 67.5 ₹ 67,500
    ELURU ₹ 67.5 ₹ 67,500
    ERODE ₹ 67.5 ₹ 67,500
    FARIDABAD ₹ 67.5 ₹ 67,500
    GANDHIDHAM ₹ 67.5 ₹ 67,500
    GANDHINAGAR ₹ 67.5 ₹ 67,500
    GANGTOK ₹ 67.5 ₹ 67,500
    GAYA ₹ 67.5 ₹ 67,500
    GHAZIABAD ₹ 67.5 ₹ 67,500
    GORAKHPUR ₹ 67.5 ₹ 67,500
    GULBARGA ₹ 67.5 ₹ 67,500
    GUNTUR ₹ 67.5 ₹ 67,500
    GURGAON ₹ 67.5 ₹ 67,500
    GUWAHATI ₹ 67.5 ₹ 67,500
    GWALIOR ₹ 67.5 ₹ 67,500
    HALDWANI ₹ 67.5 ₹ 67,500
    HARIDWAR ₹ 67.5 ₹ 67,500
    HASSAN ₹ 67.5 ₹ 67,500
    HISAR ₹ 67.5 ₹ 67,500
    HOSUR ₹ 67.5 ₹ 67,500
    HOWRAH ₹ 67.5 ₹ 67,500
    HUBLI ₹ 67.5 ₹ 67,500
    HYDERABAD ₹ 67.5 ₹ 67,500
    IMPHAL ₹ 67.5 ₹ 67,500
    INDORE ₹ 67.5 ₹ 67,500
    ITANAGAR ₹ 67.5 ₹ 67,500
    JABALPUR ₹ 67.5 ₹ 67,500
    JAIPUR ₹ 67.5 ₹ 67,500
    JALANDHAR ₹ 67.5 ₹ 67,500
    JALGAON ₹ 67.5 ₹ 67,500
    JALPAIGURI ₹ 67.5 ₹ 67,500
    JAMMU ₹ 67.5 ₹ 67,500
    JAMNAGAR ₹ 67.5 ₹ 67,500
    JAMSHEDPUR ₹ 67.5 ₹ 67,500
    JHANSI ₹ 67.5 ₹ 67,500
    JIND ₹ 67.5 ₹ 67,500
    JODHPUR ₹ 67.5 ₹ 67,500
    JORHAT ₹ 67.5 ₹ 67,500
    KADAPA ₹ 67.5 ₹ 67,500
    KAITHAL ₹ 67.5 ₹ 67,500
    KAKINADA ₹ 67.5 ₹ 67,500
    KANNUR ₹ 67.5 ₹ 67,500
    KANPUR ₹ 67.5 ₹ 67,500
    KARIMNAGAR ₹ 67.5 ₹ 67,500
    KARNAL ₹ 67.5 ₹ 67,500
    KARUR ₹ 67.5 ₹ 67,500
    KAVARATTI ₹ 67.5 ₹ 67,500
    KHAMMAM ₹ 67.5 ₹ 67,500
    KHARAGPUR ₹ 67.5 ₹ 67,500
    KOCHI ₹ 67.5 ₹ 67,500
    KOHIMA ₹ 67.5 ₹ 67,500
    KOLHAPUR ₹ 67.5 ₹ 67,500
    KOLKATA ₹ 67.5 ₹ 67,500
    KOLLAM ₹ 67.5 ₹ 67,500
    KORBA ₹ 67.5 ₹ 67,500
    KOTA ₹ 67.5 ₹ 67,500
    KOZHIKODE ₹ 67.5 ₹ 67,500
    KUMBAKONAM ₹ 67.5 ₹ 67,500
    KURNOOL ₹ 67.5 ₹ 67,500
    LATUR ₹ 67.5 ₹ 67,500
    LUCKNOW ₹ 67.5 ₹ 67,500
    LUDHIANA ₹ 67.5 ₹ 67,500
    MACHILIPATNAM ₹ 67.5 ₹ 67,500
    MADURAI ₹ 67.5 ₹ 67,500
    MALAPPURAM ₹ 67.5 ₹ 67,500
    MANDYA ₹ 67.5 ₹ 67,500
    MANGALORE ₹ 67.5 ₹ 67,500
    MEERUT ₹ 67.5 ₹ 67,500
    MIRYALAGUDA ₹ 67.5 ₹ 67,500
    MOHALI ₹ 67.5 ₹ 67,500
    MUMBAI ₹ 67.5 ₹ 67,500
    MUZAFFARPUR ₹ 67.5 ₹ 67,500
    MYSORE ₹ 67.5 ₹ 67,500
    NAGAPATTINAM ₹ 67.5 ₹ 67,500
    NAGERCOIL ₹ 67.5 ₹ 67,500
    NAGPUR ₹ 67.5 ₹ 67,500
    NALGONDA ₹ 67.5 ₹ 67,500
    NANDED ₹ 67.5 ₹ 67,500
    NANDYAL ₹ 67.5 ₹ 67,500
    NASIK ₹ 67.5 ₹ 67,500
    NELLORE ₹ 67.5 ₹ 67,500
    NEW DELHI ₹ 67.5 ₹ 67,500
    NIZAMABAD ₹ 67.5 ₹ 67,500
    NOIDA ₹ 67.5 ₹ 67,500
    ONGOLE ₹ 67.5 ₹ 67,500
    PALWAL ₹ 67.5 ₹ 67,500
    PANAJI ₹ 67.5 ₹ 67,500
    PANCHKULA ₹ 67.5 ₹ 67,500
    PANIPAT ₹ 67.5 ₹ 67,500
    PANVEL ₹ 67.5 ₹ 67,500
    PATNA ₹ 67.5 ₹ 67,500
    POLLACHI ₹ 67.5 ₹ 67,500
    PONDICHERRY ₹ 67.5 ₹ 67,500
    PORT BLAIR ₹ 67.5 ₹ 67,500
    PRODDATUR ₹ 67.5 ₹ 67,500
    PUDUKKOTTAI ₹ 67.5 ₹ 67,500
    PUNDRI ₹ 67.5 ₹ 67,500
    PUNE ₹ 67.5 ₹ 67,500
    PURI ₹ 67.5 ₹ 67,500
    PURULIA ₹ 67.5 ₹ 67,500
    RAICHUR ₹ 67.5 ₹ 67,500
    RAIGANJ ₹ 67.5 ₹ 67,500
    RAIGARH ₹ 67.5 ₹ 67,500
    RAIPUR ₹ 67.5 ₹ 67,500
    RAJAHMUNDRY ₹ 67.5 ₹ 67,500
    RAJKOT ₹ 67.5 ₹ 67,500
    RAJNANDGAON ₹ 67.5 ₹ 67,500
    RANCHI ₹ 67.5 ₹ 67,500
    RATLAM ₹ 67.5 ₹ 67,500
    RATNAGIRI ₹ 67.5 ₹ 67,500
    REWA ₹ 67.5 ₹ 67,500
    REWARI ₹ 67.5 ₹ 67,500
    ROHTAK ₹ 67.5 ₹ 67,500
    ROURKELA ₹ 67.5 ₹ 67,500
    SAGAR ₹ 67.5 ₹ 67,500
    SALEM ₹ 67.5 ₹ 67,500
    SAMBALPUR ₹ 67.5 ₹ 67,500
    SANGLI ₹ 67.5 ₹ 67,500
    SATARA ₹ 67.5 ₹ 67,500
    SATNA ₹ 67.5 ₹ 67,500
    SHILLONG ₹ 67.5 ₹ 67,500
    SHIMLA ₹ 67.5 ₹ 67,500
    SHIMOGA ₹ 67.5 ₹ 67,500
    SILCHAR ₹ 67.5 ₹ 67,500
    SILIGURI ₹ 67.5 ₹ 67,500
    SIRSA ₹ 67.5 ₹ 67,500
    SIVAKASI ₹ 67.5 ₹ 67,500
    SOLAPUR ₹ 67.5 ₹ 67,500
    SONIPAT ₹ 67.5 ₹ 67,500
    SRI GANGANAGAR ₹ 67.5 ₹ 67,500
    SRIKAKULAM ₹ 67.5 ₹ 67,500
    SRINAGAR ₹ 67.5 ₹ 67,500
    SURAT ₹ 67.5 ₹ 67,500
    SURYAPET ₹ 67.5 ₹ 67,500
    TADEPALLIGUDEM ₹ 67.5 ₹ 67,500
    TENALI ₹ 67.5 ₹ 67,500
    THANE ₹ 67.5 ₹ 67,500
    THANJAVUR ₹ 67.5 ₹ 67,500
    THIRUVANANTHAPURAM ₹ 67.5 ₹ 67,500
    THOOTHUKUDI ₹ 67.5 ₹ 67,500
    THRISSUR ₹ 67.5 ₹ 67,500
    TIRUCHIRAPALLI ₹ 67.5 ₹ 67,500
    TIRUNELVELI ₹ 67.5 ₹ 67,500
    TIRUPATI ₹ 67.5 ₹ 67,500
    TIRUVANNAMALAI ₹ 67.5 ₹ 67,500
    UDAIPUR ₹ 67.5 ₹ 67,500
    UDUPI ₹ 67.5 ₹ 67,500
    UJJAIN ₹ 67.5 ₹ 67,500
    VADODARA ₹ 67.5 ₹ 67,500
    VANIYAMBADI ₹ 67.5 ₹ 67,500
    VARANASI ₹ 67.5 ₹ 67,500
    VELLORE ₹ 67.5 ₹ 67,500
    VIJAYAWADA ₹ 67.5 ₹ 67,500
    VISAKHAPATNAM ₹ 67.5 ₹ 67,500
    VIZIANAGARAM ₹ 67.5 ₹ 67,500
    WARANGAL ₹ 67.5 ₹ 67,500
    YAMUNAGAR ₹ 67.5 ₹ 67,500

    *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.

    Last 7 days Silver Rate in India.

    Date Silver Rate (1 gram) Price Change
    Oct 18th 2021 67.50 +0.10
    Oct 17th 2021 67.40 0
    Oct 16th 2021 67.40 -0.30
    Oct 15th 2021 67.70 +1.10
    Oct 14th 2021 66.60 +0.80
    Oct 13th 2021 65.80 0
    Oct 12th 2021 65.80 0
    Oct 11th 2021 65.80 -0.10
    Oct 10th 2021 65.90 0

    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 rate 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.

    Also check : Gold Rate in India

    Silver Price in India

    Historical Trend of Silver Price in India

    Months Lowest Silver Price Per Kg Highest Silver Price Per Kg
    September 2021 63,000 69,600
    August 2021 65,000 73,100
    July 2021 68,400 75,000
    June 2021 67,600 73,400
    May 2021 67,500 74,000
    April 2021 63,600 74,000
    March 2021 62,800 68,200
    February 2021 67,300 75,200
    January 2021 63,900 72,000
    December 2020 59,000 72,300
    November 2020 59,100 66,100
    October 2020 60,210 63,500

    Trend of Silver Rate in India for October 2021 (rates per kg)

    Parameters Silver price (per kg)
    October 1 Rate Rs.63,700 per kg
    October 10 Rate Rs.65,900 per kg
    Highest Rate in October Rs.65,900 per kg on 9 and 10 October
    Lowest Rate in October Rs.63,700 per kg on 1 October
    Overall Performance Incline

    October 2021 - Week 1 (1 - 10):

    • Silver price in India opened the first week of October at Rs.63,700 per kg. The price of the precious metal was up by Rs.700 for every kilo when the rate was compared to the previous month’s closing price.
    • The price of the precious white increased gradually over the week and recorded its highest price on 9th October when a kilo cost Rs.65,900.
    • The white metal didn’t see any change on the final day of the week and closed at Rs.65,900 per kg. Silver’s overall performance in the country witnessed an inclining trend.

    Trend of Silver Rate in India for September 2021 (rates per kg)

    Parameters Silver price (per kg)
    September 1 Rate Rs.68,700 per kg
    September 30 Rate Rs.63,000 per kg
    Highest Rate in September Rs.69,600 per kg from 4 to 7 September
    Lowest Rate in September Rs.63,000 per kg on 30 September
    Overall Performance Decline

    September 2021 - Week 1 (1 - 5):

    • Silver price in India opened the first week of September at Rs.68,700 per kg. The price of the precious metal increase by Rs.300 per kg when compared to the previous closing rate.
    • The price of the precious white metal recorded its lowest price for the month on 3rd September wherein a kilogram of the metal was being traded at the rate of Rs.67,800. The highest price of the metal was recorded on the 4th and 5th of September when a kilogram of silver was being sold at the rate of Rs.69,600.
    • The first week of September closed with silver being traded at the rate of Rs.69,600 per kilogram. The overall performance of silver in the country witnessed an incline during the month.

    September 2021 - Week 2 (6 - 12):

    • Silver price in India opened the first week of September at Rs.68,700 per kg. The price of the precious metal increase by Rs.300 per kg when compared to the previous closing rate.
    • The price of the precious white metal recorded its lowest price for the month on 3rd September wherein a kilogram of the metal was being traded at the rate of Rs.67,800. The highest price of the metal was recorded on the 4th and 5th of September when a kilogram of silver was being sold at the rate of Rs.69,600.
    • The first week of September closed with silver being traded at the rate of Rs.69,600 per kilogram. The overall performance of silver in the country witnessed an incline during the month.

    September 2021 - Week 3 (13 - 19):

    • Silver price in India opened the first week of September at Rs.68,700 per kg. The price of the precious metal increase by Rs.300 per kg when compared to the previous closing rate.
    • The price of the precious white metal recorded its lowest price for the month on 18 and 19 September wherein a kilogram of the metal was being traded at the rate of Rs.64,200. The highest price of the metal was recorded from 4 to 7 September when a kilogram of silver was being sold at the rate of Rs.69,600.
    • The third week of September closed with silver being traded at the rate of Rs.64,200 per kilogram. The overall performance of silver in the country witnessed a decline during the month.

    September 2021 - Week 4 (20 - 26):

    • Silver price in India opened at Rs.63,500 per kg on 20th September. The price of the white metal was down by Rs.700 for every kilo when the rate was compared to the previous week’s closing price.
    • The price of the white metal climbed in the country over the next two days before witnessing constant changes till 25th September.
    • The precious metal closed the fourth week of September at Rs.64,100 per kg. The overall performance of silver in the country was one of decline.

    September 2021 - Week 5 (27 - 30):

    • Silver price in India opened the first week of September at Rs.68,700 per kg.
    • The price of the precious white metal recorded its lowest price for the month on 30 September wherein a kilogram of the metal was being traded at the rate of Rs.63,000. The highest price of the metal was recorded from 4 to 7 September when a kilogram of silver was being sold at the rate of Rs.69,600.
    • The month of September closed with silver being traded at the rate of Rs.63,000 per kilogram. The overall performance of silver in the country witnessed a decline during the month.

    Trend of Silver Rate in India for August 2021 (rates per kg)

    Parameters Silver price (per kg)
    August 1 Rate Rs.73,000 per kg
    August 31 Rate Rs.68,400 per kg
    Highest Rate in August Rs.73,100 per kg on 4 August
    Lowest Rate in August Rs.65,000 per kg on 7 and 8 August
    Overall Performance Decline

    August 2021 - Week 1 (1 - 8):

    • Silver price in India opened the fourth week of August at Rs.72,900 per kg. The price of the white metal was up by Rs.4,500 per kg in the country when the rate was compared to the previous week’s closing price.
    • The price of the precious metal witnessed fluctuations in the country over the week. While the rate declined on 20th and 21st August, it shot up on 22nd and 23rd of the month before declining again on 24th August.
    • Silver closed the penultimate week of the month on Rs.72,000 per kg in India. The overall performance of the precious metal witnessed a declining trend.

    August 2021 - Week 2 (9 - 15):

    • Silver price in India opened the second week of August at Rs.68,700 per kg. The price of the white metal was up by Rs.3,700 per kg in the country when the rate was compared to the previous week’s closing price.
    • Over the week, the price of the precious metal witnessed fluctuations in the country. While silver price witnessed a gradual decline till 12th August, it increased in the latter half of the week.
    • Silver closed the week at Rs.68,200 per kg in the country. The overall performance of the precious metal was one of decline.

    August 2021 - Week 3 (16 - 22):

    • Silver price in India opened the first week of August at Rs.73,000 per kg.
    • The price of the precious white metal recorded its lowest price for the month on 7th and 8th August wherein a kilogram of the metal was being traded at the rate of Rs.65,000. The highest price of the metal was recorded on 4th August during the month when a kilogram of silver was being sold at the rate of Rs.73,100.
    • The third week of August closed with silver being traded at the rate of Rs.66,600 per kilogram. The overall performance of silver in the country witnessed a decline during the month.

    August 2021 - Week 4 (23 - 31):

    • In India, silver opened the fourth week of August at Rs.66,700 per kg. Compared to previous week’s closing price, the rate of the precious metal was up by Rs.100.
    • Silver price witnessed a lot of fluctuations in the country. The price climbed over the next three days before recording a decline on 27th August. On the mentioned date, a kilo of the white metal cost Rs.67,900.
    • The rate continued to see changes and closed the week at Rs.68,400 per kg. The overall performance of silver in the country was one of decline

    Trend of Silver Rate in India for July 2021 (rates per kg)

    Parameters Silver price (per kg)
    July 1 Rate Rs.74,100 per kg
    July 31 Rate Rs.73,000 per kg
    Highest Rate in July Rs.75,000 per kg on 5 July
    Lowest Rate in July Rs.68,400 per kg on 17 and 18 July
    Overall Performance Decline

    July 2021 - Week 1 (1 - 4):

    • Silver price in India opened the first week of July at Rs.74,100 per kg. When compared to the closing price of the previous week, the rate was up by Rs.1,200.
    • The price of the white metal slipped over the remainder of the week. The highest and lowest price for the month till date was recorded on 1st and 4th July with a kilo costing Rs.74,100 and Rs.69,200 respectively.
    • The overall performance of silver in the country witnessed a declining trend.

    July 2021 - Week 2 (5 - 11):

    • Silver price in India opened the first week of July at Rs.74,100 per kg. Compared to the previous week’s closing price, the rate was up by Rs.1,200.
    • The price of the white metal slipped over the remainthe next day and recorded its lowest price for the month till date. A kilogram of silver cost Rs.67,600 in the country on 20th July
    • Silver price in India shot up over the next few days and recorded the highest price for the month till date on 23rd July when a kilo cost Rs.73,400. While the price witnessed a slight decline on the penultimate day of the week, it recovered and closed at Rs.73,400 per kg. The overall performance of silver in the country was one of incline.

    July 2021 - Week 3 (12 - 18):

    • Silver price in India opened the first week of July at Rs.74,100 per kg.
    • The price of the precious white metal recorded its lowest price for the month on 3rd and 4th July wherein a kilogram of the metal was being traded at the rate of Rs.69,200. The highest price of the metal was recorded on 5th July during the month when a kilogram of silver was being sold at the rate of Rs.75,000.
    • The third week of the month closed with silver being traded at the rate of Rs.68,400 per kilogram. The overall performance of silver in the country witnessed a decline during the month.

    July 2021 - Week 4 (19 - 25):

    • Silver price in India opened the fourth week of July at Rs.72,900 per kg. The price of the white metal was up by Rs.4,500 per kg in the country when the rate was compared to the previous week’s closing price.
    • The price of the precious metal witnessed fluctuations in the country over the week. While the rate declined on 20th and 21st July, it shot up on 22nd and 23rd of the month before declining again on 24th July.
    • Silver closed the penultimate week of the month on Rs.72,000 per kg in India. The overall performance of the precious metal witnessed a declining trend.

    July 2021 - Week 5 (26 - 31):

    • Silver price in India opened the first week of July at Rs.74,100 per kg.
    • The price of the precious white metal recorded its lowest price for the month on 17th and 18th July wherein a kilogram of the metal was being traded at the rate of Rs.68,400. The highest price of the metal was recorded on 5th July during the month when a kilogram of silver was being sold at the rate of Rs.75,000.
    • The month closed with silver being traded at the rate of Rs.73,000 per kilogram. The overall performance of silver in the country witnessed a decline during the month.

    Trend of Silver Rate in India for June 2021 (rates per kg)

    Parameters Silver price (per kg)
    June 1 Rate Rs.72,600 per kg
    June 30 Rate Rs.72,900 per kg
    Highest Rate in June Rs.73,400 per kg on 23 June and from 25 – 27 June
    Lowest Rate in June Rs.67,600 per kg on 19 and 20 June
    Overall Performance Incline

    June 2021 - Week 1 (1 - 4):

    • Silver rate in India opened the month of June at Rs.72,600 per kg on 1 June and decreased marginally to Rs.71,900 per kg on 2 June due to the international trend of the metal.
    • On 3 June, the price of the white metal increased to hit its highest of the week at Rs.72,900 per kg due to a weaker dollar value.
    • However, at the end of the week, silver price in India decreased as the dollar value recovered and closed at Rs.70,800 per kg on 4 June.

    June 2021 - Week 2 (5 - 11):

    • Silver price in India at the start of the second week of June was Rs.71,600 per kg. When compared to the closing price of the previous week, the rate was up by Rs.800 for every kilogram.
    • Over the week, the price of the white metal witnessed slight fluctuations in the country till 9th June. The rate shot up in the last two days of the week.
    • Silver closed the week at Rs.72,400 per kg. The overall performance of silver was one of decline.

    June 2021 - Week 3 (12 - 18):

    • Silver price in India stood at the rate of Rs.71,600 per kg at the opening of the third week of June.
    • The highest rate of the metal was recorded on 3rd June wherein a kg of silver was being traded at the rate of Rs.72,900.
    • Silver closed the third week standing at the rate of Rs.67,700 per kg. The overall performance of silver witnessed a decline.

    June 2021 - Week 4 (19 - 25):

    • In India, silver opened the fourth week of June at Rs.67,600 per kg. Compared to the rate charged at the end of the previous week, the rate was down by Rs.100 for every kilogram.
    • The price of the white metal slipped further the next day and recorded its lowest price for the month till date. A kilogram of silver cost Rs.67,600 in the country on 20th June
    • Silver price in India shot up over the next few days and recorded the highest price for the month till date on 23rd June when a kilo cost Rs.73,400. While the price witnessed a slight decline on the penultimate day of the week, it recovered and closed at Rs.73,400 per kg. The overall performance of silver in the country was one of incline.

    June 2021 - Week 5 (26 - 30):

    • Silver opened the final week of June at Rs.73,400 per kg in India. The opening price of the white metal was similar to the closing price of the previous week. This was the highest recorded price of silver for the month.
    • While the price of the white metal remained unchanged the next day, it recorded a sharp decline on 28th June and a kilogram cost Rs.67,900.
    • Silver price in India increased on the final two days of the month and closed at Rs.72,900 per kg. The overall performance of the white metal was one of incline.

    Trend of Silver Rate in India for May 2021 (rates per kg)

    Parameters Silver price (per kg)
    May 1 Rate Rs.67,500 per kg
    May 31 Rate Rs.72,000 per kg
    Highest Rate in May Rs.74,000 per kg on 18 May
    Lowest Rate in May Rs.67,500 per kg on 1 - 3 May
    Overall Performance Incline

    May 2021 - Week 1 (1 - 7):

    • Silver rate in India opened the month at Rs.67,500 per kg on 1 May and held steady till 3 May due to a mute trend in the market.
    • On 4 May, the price of the white metal increased to Rs.70,000 per kg on a weaker dollar value in the market. On 5 May, silver prices declined marginally to Rs.69,700 per kg.
    • Increasing marginally to Rs.69,900 per kg on 6 May, silver rates hit its weekly high on 7 May at Rs.71,900 per kg, recording an overall incline for the week.

    May 2021 - Week 2 (8 - 14):

    • Silver rate in India opened the second week of May at Rs.71,500 per kg. The price of the white metal was down by Rs.400 for every kilogram when the rate was compared to the closing price of the previous week.
    • The price of silver witnessed slight fluctuations in the country on 11th and 12th May before slipping considerably.
    • Silver closed the week at Rs.70,500 per kg. The overall performance of the white metal in the country witnessed an inclining trend.

    May 2021 - Week 3 (15 - 21):

    • In India, silver opened the third week of May at Rs.71,000 per kg. When compared to the closing price of the previous week, the price of the white metal was up by Rs.500.
    • The price of silver shot up in the country after remaining stagnant on 16th May. Silver recorded its highest price for the month till date on 18th May when a kilo was retailed for Rs.74,000.
    • Silver price in India closed at Rs.71,200 per kg after the rates slipped over the last three days of the week. The overall performance of silver recorded in the country was one of incline.

    May 2021 - Week 4 (22 - 28):

    • The silver rate in India was Rs.71,100 per kg on 22 May and increased by Rs.100 on the following day to Rs.71,200 per kg due to international trends of the metal. On 24 May, silver recorded further inclines and was priced at Rs.71,400 per kg.
    • As the dollar value recovered in the market and the U.S. Treasury bond recorded positive yields, silver prices declined to Rs.71,200 per kg on 25 May. However, on 26 May, silver recorded a weekly high at Rs.72,700 per kg.
    • The price of the white metal, on 27 May declined to Rs.71,400 per kg as investors booked profits and the dollar value recovered. At the end of the week, silver prices closed at Rs.72,000 per kg.

    May 2021 - Week 5 (29 - 31):

    • Silver price in Delhi opened at Rs.71,600 per kg for the last week of the month and held steady until the following day at the same rate.
    • At the end of the week, silver rate in the country increased by Rs.400 due to a fall in the dollar value and closed at Rs.72,000 per kg on 31 May.

    Trend of Silver Rate in India for April 2021 (rates per kg)

    Parameters Silver price (per kg)
    April 1 Rate Rs.63,600 per kg
    April 30 Rate Rs.72,800 per kg
    Highest Rate in April Rs.74,000 per kg on 24, 25, 26, and 27 April
    Lowest Rate in April Rs.63,600 per kg on 1 April
    Overall Performance Incline

    April 2021 - Week 1 (1 - 4):

    • A kilo of silver cost Rs.63,600 in India at the start of the first week of April. Compared to the closing price of the previous month, the rate was up by Rs.800 for every kilogram.
    • Silver recorded its highest price for the month till date on 2nd April when a kilo cost Rs.65,000.
    • Silver price in India closed the week at the same price as the rate didn’t see any change. The overall performance of the precious metal witnessed an inclining trend.

    April 2021 - Week 2 (5 - 11):

    • In India, silver prices were Rs.65,000 per kg on 5 April and were steady at the same rate on 6 April due to a steady trend seen in the international market for the metal. On 7 April, the price of the white metal increased to Rs.65,900 per kg.
    • Increasing further to cross the Rs.66,000 per-kg mark at Rs.66,600 per kg on 8 April, the price of the metal was at its highest of the month and week at Rs.72,100 per kg on 9 April as investors shifted to the bullion market.
    • Silver prices, however, declined on the following day to Rs.67,000 per kg on 10 April and closed at the same price on 11 April.

    April 2021 - Week 3 (12 - 18):

    • In India, the price of silver at the start of the week was Rs.66,900 per kg. Compared to the closing price of the previous week, the rate was down by Rs.100 for a kilogram.
    • Silver price in India witnessed a lot of fluctuations in the country over the week and closed at Rs.68,600 per kg.
    • The overall performance of the white metal in the country witnessed an inclining trend.

    April 2021 - Week 4 (19 - 25):

    • Silver rate in India was Rs.68,600 per kg on 19 April and saw a mute trend in the market as the price of the metal remained the same on 20 April. On 21 April, the price of the white metal increased by Rs.200 to Rs.68,800 per kg.
    • The value of 1 kg silver on 22 April hit the Rs.70,000 per-kg mark on 22 April due to a weaker dollar value in the market and the rising COVID-19 cases resulted in the rise in the metal’s value. The price of silver dipped on 23 April to Rs.68,900 per kg.
    • Silver prices hit its highest value of the month on 24 April at Rs.74,000 per kg supported by a weak dollar and lower U.S. Treasury bond yields. The price of the metal remained the same on the following day.

    April 2021 - Week 5 (26 - 30):

    • Silver price in India at the start of the final week of April was Rs.74,000 per kg. This was the highest recorded price of the precious metal for the month. There was no change in the price of the white metal when the rate was compared to the closing price of the previous week.
    • While the price of silver remained unchanged the following day, it fluctuated over the remainder of the week.
    • The white metal closed the month at Rs.72,800 per kg. Silver’s overall performance in the country was one of incline.

    Trend of Silver Rate in India for March 2021 (rates per kg)

    Parameters Silver price (per kg)
    March 1 Rate Rs.68,200 per kg
    March 31 Rate Rs.62,800 per kg
    Highest Rate in March Rs.68,200 per kg on 1 March
    Lowest Rate in March Rs.62,800 per kg on 31 March
    Overall Performance Decline

    March 2021 - Week 1 (1 - 7):

    • Silver price in India opened the first week of March at Rs.68,200 per kg. Compared to the price charged on the final day of the previous week, the rate was up by Rs.700 for every kilo. This was the highest recorded price of silver for the month till date.
    • The price of silver fluctuated over the next two days and slipped further on 4th and 5th March to recorded its lowest price for the month till date on 5th March when a kilo was retailed for Rs.65,420.
    • Silver rate increased slightly on 6th March and closed the week at Rs.65,700 per kg. The rates witnessed a declining trend in the country over the opening week.

    March 2021 - Week 2 (8 - 14):

    • Silver rate in India opened the second week of the month at Rs.66,500 per kg and declined to Rs.66,200 per kg on 9 March. On the following day, the price of the metal increased to Rs.66,700 per kg.
    • With a lowering dollar value in the market, silver prices increased to cross the Rs.67,000 per-kg mark at Rs.67,400 per kg and further to Rs.67,600 per kg on 12 March.
    • However, with the U.S. dollar recovering in the market, the white metal’s value dipped below the Rs.67,000 per-kg mark at Rs.66,900 per kg and closed the week at the same rate, recording an overall incline.

    March 2021 - Week 3 (15 - 21):

    • In India, silver opened the third week of March at Rs.66,900 per kg. There was no change in the price of the fuel when the rate was compared to what was charged on the final day of the previous week.
    • The price of the white metal saw some fluctuations in the country over the next few days. A kilo was retailed for Rs.67,300 per gram in the country on 18th March.
    • The price remained stagnant for the next two days before recording a slight increase on the final day of the week and closing at Rs.67,500. The overall performance of silver in the country witnessed a declining trend.

    March 2021 - Week 4 (22 - 28):

    • Silver rate in India opened the last week of the month at Rs.66,600 per kg and was steady at the same rate on the following day due to mute trends in the international market. On 24 March, the price of the white metal declined by Rs.700 to Rs.65,300 per kg.
    • Increasing marginally by Rs.400 on 25 March to Rs.65,700 per kg, the price of the white metal declined yet again by Rs.700 to Rs.65,000 per kg on 26 March.
    • On 27 March, silver price in India declined by Rs.100 due to the inclining value of the dollar and closed the week at Rs.64,700 per kg recording an overall weekly decline.

    March 2021 - Week 5 (29 - 31):

    • A kilo of silver cost Rs.65,700 in India at the start of the final week of March. The price of the white metal was up by Rs.1,000 when compared to the closing price of the previous week.
    • In the country, silver price dropped over the next two days. The rate of the white metal went down by Rs.2,900 for every kilogram.
    • Silver price in India closed the month at Rs.62,800 per kg, the lowest recorded price for the month. The overall performance of the precious metal in the country was one of decline.

    Trend of Silver Rate in India for February 2021 (rates per kg)

    Parameters Silver price (per kg)
    February 1 Rate Rs.73,300 per kg
    February 28 Rate Rs.67,500 per kg
    Highest Rate in February Rs.75,200 per kg on 25 February
    Lowest Rate in February Rs.67,300 per kg on 5 February
    Overall Performance Decline

    February 2021 - Week 1 (1 - 7):

    • Silver rate in India showed a positive trend at the beginning of the first week of February, opening at Rs.73,300 per gram and hitting its weekly high soon after on 2 February at Rs.74,000 per kg in the domestic market.
    • However, with a lower risk appetite and an inclining value of the U.S. dollar, silver prices began to decline to Rs.69,000 per kg on 3 February and further to Rs.68,500 per kg on 4 February. The price of the white metal was at its lowest on 5 February at Rs.67,300 per kg.
    • The value of the precious metal recovered to Rs.68,700 per kg on 6 February after hitting its lowest and closed the week at the same rate recording an overall decline in prices.

    February 2021 - Week 2 (8 - 14):

    • Silver price in India opened the second week of the month at Rs.68,700 per kg and increased to cross the Rs.70,000 per-kg mark at Rs.70,200 per kg on 9 February. The price of the metal dipped to Rs.69,600 per kg on 10 February due to profit takings.
    • The price of the white metal dipped to Rs.68,400 per kg on 11 February and increased to Rs.68,700 per kg on 12 February.
    • Silver prices increased to Rs.69,200 per kg on 13 February and closed the week at the same rate, recording an overall incline for the week.

    February 2021 - Week 3 (15 - 21):

    • Silver opened the third week of February at Rs.69,200 per kg in India. The price of the white metal was similar to the closing price of the previous week.
    • While the price of silver shot up to Rs.70,200 per kg the next day, it declined over the next two days and was priced Rs.69,500 per kg on 18th February.
    • A kilogram of silver cost Rs.72,300 on 19th February before slipping and closing the week at Rs.69,000 per kg. The overall performance of silver in India saw a declining trend.

    February 2021 - Week 4 (22 - 28):

    • In India, silver prices opened the last week of February at Rs.69,000 per kg and showed an overall declining trend for the week. On the following day, the rate of the white metal crossed the Rs.70,000 per-kg range at Rs.70,500 per kg and remained steady on 24 February.
    • On 25 February, silver prices recorded its highest price of the month at Rs.75,200 per kg due to a weaker dollar value in the market. However, due to profit-taking and the dollar value recovering, silver prices dipped to Rs.69,600 per kg on 26 February.
    • The price of the white metal declined further to Rs.67,500 per kg on 27 February and closed the month at the same rate.

    Trend of Silver Rate in India for January 2021 (rates per kg)

    Parameters Silver price (per kg)
    January 1 Rate Rs.72,000 per kg
    January 31 Rate Rs.69,800 per kg
    Highest Rate in January Rs.74,500 per kg on 8 January
    Lowest Rate in January Rs.63,900 per kg on 9 January
    Overall Performance Decline

    January 2021 - Week 1 (1 - 9):

    • Silver price in India opened the year and month at Rs.72,000 per kg and showed a declining trend for the week, dipping to Rs.69,600 per kg on 4 January. On 5 January, the price of the metal recovered marginally at Rs.70,400 per kg.
    • The price of the white metal dipped marginally to Rs.70,200 per kg on the following day. However, on 7 January, silver prices hit their weekly high at Rs.71,410 per kg.
    • On the following day, however, the metal’s price dipped to Rs.70,100 per kg and dropped substantially on 9 January to Rs.63,900 per kg which was its lowest value of the week.

    January 2021 - Week 2 (10 - 16):

    • Silver opened the second week of December at Rs.69,000 per kg in India. Compared to the closing price of the previous week, the rate of the white metal was up Rs.5,100 for every kilogram.
    • Over the course of the week, silver price fluctuated in India. While the rate dropped on 11th December, it climbed and went up to Rs.70,700 per kg on 13th December.
    • Silver price in India continued to see fluctuations over the next three days before closing at Rs.69,700 per kg. The overall performance of silver witnessed a declining trend.

    January 2021 - Week 3 (17 - 23):

    • Silver price in India opened the third week of January at Rs.69,700 per kg on 17 January and held steady at the same price on 18 January. However, silver prices recorded an incline on 19 January at Rs.70,600 per kg.
    • Increasing further and crossing the Rs.71,000 per-kg mark at Rs.71,200 per kg on 20 January, the price of the precious metal dipped drastically to Rs.67,100 per kg as the risk appetite amongst investors grew as the value of the dollar recovered.
    • However, the price of the yellow metal increased to cross the Rs.71,000 per-kg mark at Rs.71,500 per kg on 22 January and closed the week at Rs.71,400 per kg on 23 January.

    January 2021 - Week 4 (24 - 31):

    • In India, silver opened the final week of January at Rs.71,400 per kg. There was no change in the price of the white metal when the rate was compared to the closing price of the previous week.
    • The price of silver dropped considerably in the country over the next few days and a kilo was retailed for Rs.65,900 on 28th January.
    • Silver price in India increased gradually on 29th and 30th January before slipping again a closing the week at Rs.69,800 per kg. The overall performance of silver witnessed a declining trend.

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

    Parameters Silver price (per kg)
    December 1 Rate Rs.64,600 per kg
    December 31 Rate Rs.72,300 per kg
    Highest Rate in December Rs.74,100 per kg on 21 December
    Lowest Rate in December Rs.63,400 per kg on 10 December
    Overall Performance Incline

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

    Parameters Silver price (per kg)
    November 1 Rate Rs.60,100 per kg
    November 30 Rate Rs.59,100 per kg
    Highest Rate in November Rs.66,100 per kg on 5 November
    Lowest Rate in November Rs.59,100 per kg on 30 November
    Overall Performance Decline

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

    Parameters Silver price (per kg)
    October 1 Rate Rs.60,700 per kg
    October 31 Rate Rs.61,000 per kg
    Highest Rate in October Rs.63,500 per kg on 21 October
    Lowest Rate in October Rs.60,210 per kg on 8 October
    Overall Performance Incline

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

    Parameters Silver price (per kg)
    September 1 Rate Rs.76,500 per kg
    September 30 Rate Rs.62,500 per kg
    Highest Rate in September Rs.76,500 per kg on 1 September
    Lowest Rate in September Rs.58,500 per kg on 24 September
    Overall Performance Decline

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

    Parameters Silver price (per kg)
    August 1 Rate Rs.65,010 per kg
    August 31 Rate Rs.66,370 per kg
    Highest Rate in August Rs.76,520 per kg on 8 August
    Lowest Rate in August Rs.65,010 per kg on 1 and 13 August
    Overall Performance Incline

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

    Parameters Silver price (per kg)
    July 1 Rate Rs.48,560 per kg
    July 31 Rate Rs.63,010 per kg
    Highest Rate in July Rs.66,060 per kg on 30 July
    Lowest Rate in July Rs.48,510 per kg on 5 July
    Overall Performance Incline

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

    Parameters Silver price (per kg)
    June 1 Rate Rs.50,120 per kg
    June 30 Rate Rs.48,510 per kg
    Highest Rate in June Rs.50,160 per kg on 2 June
    Lowest Rate in June Rs.47,110 per kg on 16 June
    Overall Performance Decline

    Factors affecting Silver price 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 Price History

    Silver is a metal which is ductile, malleable and lustrous. It is considered one of the precious metals having a unique currency code in the market like gold and palladium. Silver, due to its wide range of properties such as being a good conductor of electricity, etc. Has been widely in demand due to its usage in many industrial applications.

    Silver is mainly used in jewellery and silverware in India and it is majorly imported from other countries and the value of the metal has been steady for many years, gradually recovering from its low value. Due to this, silver is among the best stable commodities to invest in due to its stability in prices and as it is considered a safe-haven asset without market dependency.

    Those who wish to invest in silver closely follow its trend in various markets and indexes to understand when to buy the metal, when to hold or when to sell. Apart from local demand, the international trend in prices impacts silver rates in India.

    Silver is traded on the Multi Commodity Exchange and its pricing depends on demand and the production apart from the value of gold and the international market.

    Sterling Silver is a commodity which comprises of 95% silver and 5% copper and is used in electronics, film photography, solar panels and other applications.

    Importance of Checking Silver Price in India

    Before you buy silver, it is important to first check the silver price in India. This is because the silver rate in India can change from one seller to the next, based on various economic factors both locally and globally. There is also the issue of making charges, which can vary greatly from one jeweler to the other. Buying silver without checking the price can result in loss of money if you buy silver at a higher price from one place when you could get it from a lower price from another. This is why it is important to check silver prices in India regularly before you actually buy it as it can help you to save money and not result in any financial losses. The best way to track silver rates in India is through online news portals as well as the newspaper. Compare the prices and also compare prices in different shops and then make the final decision of buying your precious silver. This way you can not only buy silver that suits your budget, but also make sure that it is good quality silver that will last ya lifetime.

    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.

    Read more on Silver

    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.

    FAQs About Silver

    1. Why is the silver rate increasing?
    2. The rising market volatility and the weakened currency markets, especially the Dollar, are attributed to the rise in the silver rate.

    3. Why are silver coins/bars considered a good investment option?
    4. 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.

    5. Is investing in silver a wise decision in 2021?
    6. Yes, investing in silver will be a wise decision in 2021 due to a wide range of reasons. Given that the year 2021 began with countries reeling from the COVID-19 pandemic and with a third wave in sight, the demand for silver did see a rise.

      Even with many countries opening up their economy, the demand for silver has held steady with minor fluctuations and declines.

      Silver has been recovering from all-time lows from the past few years and with the dependency on the bullion increasing, the value of the metal has been showcasing a constant inclining trend in the market. Recently, the white metal has hit high prices in the market with the value of the dollar fluctuating and the rise in COVID-19 cases all over the world.

      Most investors, after the World Health Organisation declared COVID-19 as a pandemic affecting more than 9 million people, have shifted away from the equities market and are focused towards the bullion.

      Silver has been recovering from all-time lows from the past few years and with the dependency on the bullion increasing, the value of the metal has been showcasing a constant inclining trend in the market. Recently, the white metal has hit high prices in the market with the value of the dollar fluctuating and the rise in COVID-19 cases all over the world.

      There are many factors which play a role in the value of silver in the bullion market. With the economy struggling, constant stimulus packages have been disbursed by the central banks of various countries which has boosted the value of silver in the market. Apart from this, the trend of the metal since the beginning of January till now has been on an overall incline. Even with fluctuations in prices depending on international trends, the value of silver stays strong as with its value, it can offer investors a good investment opportunity and diversify investments portfolios.

    7. How much is one gram of silver worth?
    8. According to the current market rates, silver is priced at Rs.41.50 per gram. (as on 16 July 2019)

    9. How much does one troy ounce of silver cost?
    10. One troy ounce of silver (approximately 31 grams) is worth Rs.1,290.79 approximately. (as on 9 March 2018)

    11. How much is one kilogram of silver worth?
    12. A kilogram of silver (in the form of a silver bar) costs Rs.41,500 at current market rates. (as on 16 July 2019)

    13. Where can I buy silver bars in India?
    14. 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.

    15. What are the advantages of buying silver coins from a bank?
    16. 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.

    17. What is the best silver bullion to buy?
    18. 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.

    19. What is hallmarking?
    20. 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.

    21. What are the benefits of buying hallmarked bullion?
    22. Buying hallmarked bullion assures the customer that the article being bought is genuine and is of a specific purity and grade.

    23. What should one look for in a hallmarked silver article?
    24. 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)
    25. 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.
    26. Is investing in silver stocks a better idea than investing in the metal?
    27. 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.

    28. How liquid is bulk silver and will the dealer buy it back from me?
    29. 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.

    30. When is the best time to buy silver?
    31. 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.

    32. Will the bank levy a charge or premium if I buy silver from them?
    33. 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.

    34. Will I have to pay tax on my silver purchase?
    35. 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).

    36. Where can I sell my silver bullion in India?
    37. 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.

    38. 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.

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

    • Silver prices in India on 12 October 2021

      Silver prices in India on 12 October 2021 saw a sharp dip from the prices on 11 October. There was a difference of Rs.4,200 from the previous day's trading price to settle at Rs.61,700 per kg today.

      12 October 2021

    • Silver price slip on MCX and the international market

      The price of silver plunged on Wednesday. A decline in the rate was seen both on the Multi Commodity Exchange (MCX) and the global market. While silver futures recorded a fall of nearly 0.08% on the MCX, a drop of 0.06% was seen in the international market. Following the drop in the rates, a kilo of the white metal cost Rs.60,643 on the MCX and $25.2 for a troy ounce globally.

      Gold Price in India also recorded a decline since yesterday and was trading at Rs.46,030. The rate slipped even though global gold price experienced growth of 0.18%. Following yesterday's trend, Globally, gold price was clocked at $1816.7 per troy ounce. On the MCX, the yellow metal was priced at Rs.45,825 per 10 gram.

      29 September 2021

    • Silver futures prices jump marginally on 16 September 2021

      Silver futures prices on MCX jumped by Rs.177 or 0.28% and were at Rs.64,370 for a kg. In the global markets, silver rates were steady and were at $23.83 for an ounce. Unlike silver, gold futures rates fell marginally on 16 September. Gold futures prices on MCX fell by Rs.18 or 0.04% and were at Rs.46,878 for 10 grams. Spot gold and silver prices have remained almost stable for the last two weeks. Spot gold prices in the global markets changed little and were at $1,792.86 for an ounce. Gold futures prices in the US traded flat and were at $1,795 for an ounce.

      16 September 2021

    • Silver rates stable in India on 6 September 2021

      When compared to 5 September, the prices of silver remained the same in India on 6 September 2021. The prices of silver in India are at Rs.65,200 for a kg. Unlike silver, gold prices jumped in India on 6 September 2021. Gold rates jumped by Rs.10 and are at Rs.47.410 for 10 grams. Gold jewellery prices in India vary in every state and depend on the making charges, state taxes, and excise duty. The prices of 24-carat gold in Delhi, Mumbai, Chennai, and Kolkata are at Rs.50,910, Rs.47,410, Rs.49,060, and Rs.49,710 for 10 grams, respectively.

      06 September 2021

    • Silver price plunge by 0.06 percent in the global market on Monday

      The price of silver in the international market declined on Monday. The rate of the white metal plunged by 0.06 percent to cost $25.2 per troy ounce. However, the rate shot up in the Multi Commodity Exchange (MCX) and grew by nearly 1.52 percent to be trading at Rs.64,255 per kg. Gold price in both the global and Indian market experienced growth. While the growth recorded in the global market was 0.18 percent, it experienced growth of 0.02 percent in the Indian market. On the MCX, gold futures jumped by 0.15 percent to cost Rs.47,489 per 10 grams while in the international market an ounce of the yellow metal cost $1,816.7. 

      30 August 2021

    • Silver prices fall by Rs.100 in India 19 August 2021

      Silver prices in India fell by Rs.100 on 19 August 2021 and are at Rs.63,500 for a kg. Unlike silver, gold prices jumped in India on 19 August 2021. 22-carat gold prices jumped by Rs.70 and are at Rs.46,500 for 10 grams. In the last session, the prices of gold closed at Rs.46,430 for 10 grams. Gold jewellery prices in India depend on the making charges, state taxes, and excise duty. Prices of 24-carat gold in India jumped by Rs.70 and are at Rs.47,500 for 10 grams.

      19 August 2021

    • Silver futures prices fall in India on 12 August 2021

      Silver futures prices on MCX in India fell by Rs.182.40 or 0.29% on 12 August 2021 and were at Rs.62,897 for a kg. In the international markets, the prices of the white metal fell by 0.06% and were at $25.2 for an ounce. Like silver, gold futures prices fell in India as well. Gold futures prices on MCX fell by 0.02% and were at Rs.46,342 for 10 grams. In the previous session, the prices of gold fell by Rs.9.30 or 0.9%. In the global markets, the prices of the yellow metal jumped by 0.18% and were $1,816.70 for an ounce.

      12 August 2021

    • Indian Silver Prices on 26 July 2021

      Silver retailed for Rs.67,100 per kg in Delhi, Mumbai, and Kolkata on Monday 26 July 2021. The price of silver was high in Chennai where it was priced at Rs.72,000 per kg. Silver futures were also trading 0.22% higher at Rs.67,169 per kg.

      26 July 2021

    • Silver futures prices fall in India on 22 July 2021

      Silver futures prices for the month of September in India fell on 22 July 2021 and were at Rs.67,036 for a kg. Like silver, gold futures prices also fell in India. Gold futures prices for the month of August on MCX were at Rs.47,450 for 10 grams. Over the last three days, gold prices have fallen twice. The main reason for the fall in prices was a weak trend in the global markets. Spot gold prices in the international markets fell by 0.3% and were at $1,798.27 for an ounce. Gold futures prices in the US fell by 0.3% and were at $1,798.70 for an ounce.

      19 July 2021

    • Silver futures prices in India fall by Rs.252.70 on 19 July 2021

      Silver futures prices on MCX in India fell by Rs.252.70 on 19 July and were at Rs.68,299 for a kg. Unlike silver, gold futures prices on MCX jumped by 0.1% and were at Rs.48,100 for 10 grams. In the last session, the prices of the yellow metal fell by Rs.57.70 for 10 grams. Spot gold prices in India were at Rs.48,180 for 10 grams. In the international markets, spot gold prices jumped on 19 July and were at Rs.1,813.90 for an ounce. According to several experts, gold prices are expected to increase in the coming weeks.

      19 July 2021

    • Gold and Silver Prices in India Remain Stable in July

      There has been no change observed in spot gold prices since yesterday (Rs.47810). The spot gold price has been on par with the average gold price that was observed this week (Rs.47848.6).

      Moreover, no change has been observed in the global ($1802.8) and Indian spot gold price (Rs.47810).

      The gold prices have remained stable in the global markets after a slight increase in the previous sessions. Gold prices for today were quoted at $1802.8 per Troy ounce. This gold price level is 3.5% higher than the average gold price that has been recorded in the past 30 days ($1739.7).

      Unlike gold prices, silver prices saw a fall today when silver plunged 2.85% to $26.0 Troy ounce. Similarly, platinum prices also saw a fall today. The platinum price fell 0.63% to $1099.5 per Troy ounce.

      In India, gold was valued at Rs.47719 per 10 grams on the Multi Commodity Exchange (MCX), with a change of Rs.176.6. Moreover, in the Indian spot market, the 24k gold value was quoted at Rs.47810. Meanwhile, silver plunged 0.35% or Rs.242.2 per kg to the price of Rs.69196 per kg.

      13 July 2021

    • Spot gold prices jump by 0.7% in India on 7 July 2021

      Spot gold prices in India jumped by 0.7% on 7 July 2021 and were at Rs.47,760 for 10 grams. In the previous session, the prices of the yellow metal closed at Rs.47,750 for 10 grams. Spot gold prices are above the average gold rates that were observed this week. The average gold prices this week were at Rs.47,425.70 per 10 grams. Spot gold prices in the global markets were at $1,800.2 for an ounce. Spot gold prices in the international markets jumped by 0.13%. Gold futures prices on MCX jumped by 0.08% and were at Rs.47,730 for 10 grams. In the last session, gold futures prices jumped by 0.27%.

      07 July 2021

    • Silver futures prices for the monthly trade flat in India on 21 June 2021

      Silver futures prices on MCX in India for the month of July fell by 0.06% on 21 June 2021 and were at Rs.67,560 for a kg. On 18 June 2021, silver prices in the international markets fell. Silver futures prices for the month of July settled at $25.83 for an ounce. Gold futures prices for the month of August on MCX jumped by 0.42% and were at Rs.46,925 for 10 grams. Spot gold prices in the international markets jumped by 0.5% and were at $1,772.34 for an ounce.

      21 June 2021

    • Silver rates fall by Rs.400 in India on 15 June 2021

      On 15 June 2021, the prices of silver fell by Rs.400 in India and were at Rs.71,900 for a kg. In the previous session, the prices of the white metal closed at Rs.72,300 per kg. Like silver, gold prices also fell and were at Rs.47,760 for 10 grams. In the last session, the prices of the yellow metal closed at Rs.47,720 for 10 grams. The prices of 22-carat gold in Delhi, Chennai, and Mumbai are at Rs.47,650 per 10 grams, Rs.45,750 per 10 grams, and Rs.47,760 for 10 grams, respectively. The prices of 25-carat gold jumped by Rs.30 on 15 June. In the previous session, gold prices closed at Rs.48,730 for 10 grams.

      15 June 2021

    • Gold spot rate and silver price in India on 7 June 2021

      Gold spot rate has witnessed a hike of 0.02% in India. The value of the precious metal now stands at Rs.49,320 for 10 gram as opposed to the former rate of Rs.49,310.

      The rate is also higher by 0.58% when compared to the average of the previous week. The global price of gold witnessed a drop of 0.26% whereas the spot gold prices in India witnessed a hike of 0.02%

      07 June 2021

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