Silver Price in India Today Last Updated : 12 May 2021

Todays Silver price in India:

  • 1 gram silver price is 71.50 Indian Rupee
  • 1 kg silver price is 71,500 Indian Rupee
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  • Silver Price In Indian Cities

    City Silver (1 gram) Bar Silver (1 Kg)
    ADILABAD ₹ 71.5 ₹ 71,500
    AGARTALA ₹ 71.5 ₹ 71,500
    AGRA ₹ 71.5 ₹ 71,500
    AHMEDABAD ₹ 71.5 ₹ 71,500
    AHMEDNAGAR ₹ 71.5 ₹ 71,500
    AIZAWL ₹ 71.5 ₹ 71,500
    AJMER ₹ 71.5 ₹ 71,500
    AKOLA ₹ 71.5 ₹ 71,500
    ALIGARH ₹ 71.5 ₹ 71,500
    ALLAHABAD ₹ 71.5 ₹ 71,500
    AMBALA ₹ 71.5 ₹ 71,500
    AMBIKAPUR ₹ 71.5 ₹ 71,500
    AMRAVATI ₹ 71.5 ₹ 71,500
    AMRITSAR ₹ 71.5 ₹ 71,500
    ANAND ₹ 71.5 ₹ 71,500
    ASANSOL ₹ 71.5 ₹ 71,500
    AURANGABAD ₹ 71.5 ₹ 71,500
    BAHADURGARH ₹ 71.5 ₹ 71,500
    BALANGIR ₹ 71.5 ₹ 71,500
    BALASORE ₹ 71.5 ₹ 71,500
    BALLARI ₹ 71.5 ₹ 71,500
    BANGALORE ₹ 71.5 ₹ 71,500
    BANKURA ₹ 71.5 ₹ 71,500
    BAREILLY ₹ 71.5 ₹ 71,500
    BARIPADA ₹ 71.5 ₹ 71,500
    BATHINDA ₹ 71.5 ₹ 71,500
    BELGAUM ₹ 71.5 ₹ 71,500
    BERHAMPUR ₹ 71.5 ₹ 71,500
    BHADRAK ₹ 71.5 ₹ 71,500
    BHAGALPUR ₹ 71.5 ₹ 71,500
    BHARUCH ₹ 71.5 ₹ 71,500
    BHILAI ₹ 71.5 ₹ 71,500
    BHIMAVARAM ₹ 71.5 ₹ 71,500
    BHIWANI ₹ 71.5 ₹ 71,500
    BHOPAL ₹ 71.5 ₹ 71,500
    BHUBANESHWAR ₹ 71.5 ₹ 71,500
    BIDAR ₹ 71.5 ₹ 71,500
    BIJAPUR KARNATAKA ₹ 71.5 ₹ 71,500
    BIKANER ₹ 71.5 ₹ 71,500
    BILASPUR ₹ 71.5 ₹ 71,500
    BOKARO ₹ 71.5 ₹ 71,500
    CHANDIGARH ₹ 71.5 ₹ 71,500
    CHANDRAPUR ₹ 71.5 ₹ 71,500
    CHENNAI ₹ 75.9 ₹ 75,900
    CHITRADURGA ₹ 71.5 ₹ 71,500
    CHITTOOR ₹ 71.5 ₹ 71,500
    COIMBATORE ₹ 71.5 ₹ 71,500
    COOCH BEHAR ₹ 71.5 ₹ 71,500
    CUDDALORE ₹ 71.5 ₹ 71,500
    CUTTACK ₹ 71.5 ₹ 71,500
    DARJEELING ₹ 71.5 ₹ 71,500
    DAVANGERE ₹ 71.5 ₹ 71,500
    DEHRADUN ₹ 71.5 ₹ 71,500
    DEWAS ₹ 71.5 ₹ 71,500
    DHANBAD ₹ 71.5 ₹ 71,500
    DHARMAVARAM ₹ 71.5 ₹ 71,500
    DHULE ₹ 71.5 ₹ 71,500
    DIBRUGARH ₹ 71.5 ₹ 71,500
    DINDIGUL ₹ 71.5 ₹ 71,500
    DISPUR ₹ 71.5 ₹ 71,500
    DURGAPUR ₹ 71.5 ₹ 71,500
    ELURU ₹ 71.5 ₹ 71,500
    ERODE ₹ 71.5 ₹ 71,500
    FARIDABAD ₹ 71.5 ₹ 71,500
    GANDHIDHAM ₹ 71.5 ₹ 71,500
    GANDHINAGAR ₹ 71.5 ₹ 71,500
    GANGTOK ₹ 71.5 ₹ 71,500
    GAYA ₹ 71.5 ₹ 71,500
    GHAZIABAD ₹ 71.5 ₹ 71,500
    GORAKHPUR ₹ 71.5 ₹ 71,500
    GULBARGA ₹ 71.5 ₹ 71,500
    GUNTUR ₹ 71.5 ₹ 71,500
    GURGAON ₹ 71.5 ₹ 71,500
    GUWAHATI ₹ 71.5 ₹ 71,500
    GWALIOR ₹ 71.5 ₹ 71,500
    HALDWANI ₹ 71.5 ₹ 71,500
    HARIDWAR ₹ 71.5 ₹ 71,500
    HASSAN ₹ 71.5 ₹ 71,500
    HISAR ₹ 71.5 ₹ 71,500
    HOSUR ₹ 71.5 ₹ 71,500
    HOWRAH ₹ 71.5 ₹ 71,500
    HUBLI ₹ 71.5 ₹ 71,500
    HYDERABAD ₹ 75.9 ₹ 75,900
    IMPHAL ₹ 71.5 ₹ 71,500
    INDORE ₹ 71.5 ₹ 71,500
    ITANAGAR ₹ 71.5 ₹ 71,500
    JABALPUR ₹ 71.5 ₹ 71,500
    JAIPUR ₹ 71.5 ₹ 71,500
    JALANDHAR ₹ 71.5 ₹ 71,500
    JALGAON ₹ 71.5 ₹ 71,500
    JALPAIGURI ₹ 71.5 ₹ 71,500
    JAMMU ₹ 71.5 ₹ 71,500
    JAMNAGAR ₹ 71.5 ₹ 71,500
    JAMSHEDPUR ₹ 71.5 ₹ 71,500
    JHANSI ₹ 71.5 ₹ 71,500
    JIND ₹ 71.5 ₹ 71,500
    JODHPUR ₹ 71.5 ₹ 71,500
    JORHAT ₹ 71.5 ₹ 71,500
    KADAPA ₹ 71.5 ₹ 71,500
    KAITHAL ₹ 71.5 ₹ 71,500
    KAKINADA ₹ 71.5 ₹ 71,500
    KANNUR ₹ 71.5 ₹ 71,500
    KANPUR ₹ 71.5 ₹ 71,500
    KARIMNAGAR ₹ 71.5 ₹ 71,500
    KARNAL ₹ 71.5 ₹ 71,500
    KARUR ₹ 71.5 ₹ 71,500
    KAVARATTI ₹ 71.5 ₹ 71,500
    KHAMMAM ₹ 71.5 ₹ 71,500
    KHARAGPUR ₹ 71.5 ₹ 71,500
    KOCHI ₹ 71.5 ₹ 71,500
    KOHIMA ₹ 71.5 ₹ 71,500
    KOLHAPUR ₹ 71.5 ₹ 71,500
    KOLKATA ₹ 71.5 ₹ 71,500
    KOLLAM ₹ 71.5 ₹ 71,500
    KORBA ₹ 71.5 ₹ 71,500
    KOTA ₹ 71.5 ₹ 71,500
    KOZHIKODE ₹ 71.5 ₹ 71,500
    KUMBAKONAM ₹ 71.5 ₹ 71,500
    KURNOOL ₹ 71.5 ₹ 71,500
    LATUR ₹ 71.5 ₹ 71,500
    LUCKNOW ₹ 71.5 ₹ 71,500
    LUDHIANA ₹ 71.5 ₹ 71,500
    MACHILIPATNAM ₹ 71.5 ₹ 71,500
    MADURAI ₹ 71.5 ₹ 71,500
    MALAPPURAM ₹ 71.5 ₹ 71,500
    MANDYA ₹ 71.5 ₹ 71,500
    MANGALORE ₹ 71.5 ₹ 71,500
    MEERUT ₹ 71.5 ₹ 71,500
    MIRYALAGUDA ₹ 71.5 ₹ 71,500
    MOHALI ₹ 71.5 ₹ 71,500
    MUMBAI ₹ 71.5 ₹ 71,500
    MUZAFFARPUR ₹ 71.5 ₹ 71,500
    MYSORE ₹ 71.5 ₹ 71,500
    NAGAPATTINAM ₹ 71.5 ₹ 71,500
    NAGERCOIL ₹ 71.5 ₹ 71,500
    NAGPUR ₹ 71.5 ₹ 71,500
    NALGONDA ₹ 71.5 ₹ 71,500
    NANDED ₹ 71.5 ₹ 71,500
    NANDYAL ₹ 71.5 ₹ 71,500
    NASIK ₹ 71.5 ₹ 71,500
    NELLORE ₹ 71.5 ₹ 71,500
    NEW DELHI ₹ 71.5 ₹ 71,500
    NIZAMABAD ₹ 71.5 ₹ 71,500
    NOIDA ₹ 71.5 ₹ 71,500
    ONGOLE ₹ 71.5 ₹ 71,500
    PALWAL ₹ 71.5 ₹ 71,500
    PANAJI ₹ 71.5 ₹ 71,500
    PANCHKULA ₹ 71.5 ₹ 71,500
    PANIPAT ₹ 71.5 ₹ 71,500
    PANVEL ₹ 71.5 ₹ 71,500
    PATNA ₹ 71.5 ₹ 71,500
    POLLACHI ₹ 71.5 ₹ 71,500
    PONDICHERRY ₹ 71.5 ₹ 71,500
    PORT BLAIR ₹ 71.5 ₹ 71,500
    PRODDATUR ₹ 71.5 ₹ 71,500
    PUDUKKOTTAI ₹ 71.5 ₹ 71,500
    PUNDRI ₹ 71.5 ₹ 71,500
    PUNE ₹ 71.5 ₹ 71,500
    PURI ₹ 71.5 ₹ 71,500
    PURULIA ₹ 71.5 ₹ 71,500
    RAICHUR ₹ 71.5 ₹ 71,500
    RAIGANJ ₹ 71.5 ₹ 71,500
    RAIGARH ₹ 71.5 ₹ 71,500
    RAIPUR ₹ 71.5 ₹ 71,500
    RAJAHMUNDRY ₹ 71.5 ₹ 71,500
    RAJKOT ₹ 71.5 ₹ 71,500
    RAJNANDGAON ₹ 71.5 ₹ 71,500
    RANCHI ₹ 71.5 ₹ 71,500
    RATLAM ₹ 71.5 ₹ 71,500
    RATNAGIRI ₹ 71.5 ₹ 71,500
    REWA ₹ 71.5 ₹ 71,500
    REWARI ₹ 71.5 ₹ 71,500
    ROHTAK ₹ 71.5 ₹ 71,500
    ROURKELA ₹ 71.5 ₹ 71,500
    SAGAR ₹ 71.5 ₹ 71,500
    SALEM ₹ 71.5 ₹ 71,500
    SAMBALPUR ₹ 71.5 ₹ 71,500
    SANGLI ₹ 71.5 ₹ 71,500
    SATARA ₹ 71.5 ₹ 71,500
    SATNA ₹ 71.5 ₹ 71,500
    SHILLONG ₹ 71.5 ₹ 71,500
    SHIMLA ₹ 71.5 ₹ 71,500
    SHIMOGA ₹ 71.5 ₹ 71,500
    SILCHAR ₹ 71.5 ₹ 71,500
    SILIGURI ₹ 71.5 ₹ 71,500
    SIRSA ₹ 71.5 ₹ 71,500
    SIVAKASI ₹ 71.5 ₹ 71,500
    SOLAPUR ₹ 71.5 ₹ 71,500
    SONIPAT ₹ 71.5 ₹ 71,500
    SRI GANGANAGAR ₹ 71.5 ₹ 71,500
    SRIKAKULAM ₹ 71.5 ₹ 71,500
    SRINAGAR ₹ 71.5 ₹ 71,500
    SURAT ₹ 71.5 ₹ 71,500
    SURYAPET ₹ 71.5 ₹ 71,500
    TADEPALLIGUDEM ₹ 71.5 ₹ 71,500
    TENALI ₹ 71.5 ₹ 71,500
    THANE ₹ 71.5 ₹ 71,500
    THANJAVUR ₹ 71.5 ₹ 71,500
    THIRUVANANTHAPURAM ₹ 71.5 ₹ 71,500
    THOOTHUKUDI ₹ 71.5 ₹ 71,500
    THRISSUR ₹ 71.5 ₹ 71,500
    TIRUCHIRAPALLI ₹ 71.5 ₹ 71,500
    TIRUNELVELI ₹ 71.5 ₹ 71,500
    TIRUPATI ₹ 71.5 ₹ 71,500
    TIRUVANNAMALAI ₹ 71.5 ₹ 71,500
    UDAIPUR ₹ 71.5 ₹ 71,500
    UDUPI ₹ 71.5 ₹ 71,500
    UJJAIN ₹ 71.5 ₹ 71,500
    VADODARA ₹ 71.5 ₹ 71,500
    VANIYAMBADI ₹ 71.5 ₹ 71,500
    VARANASI ₹ 71.5 ₹ 71,500
    VELLORE ₹ 71.5 ₹ 71,500
    VIJAYAWADA ₹ 71.5 ₹ 71,500
    VISAKHAPATNAM ₹ 71.5 ₹ 71,500
    VIZIANAGARAM ₹ 71.5 ₹ 71,500
    WARANGAL ₹ 71.5 ₹ 71,500
    YAMUNAGAR ₹ 71.5 ₹ 71,500

    *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
    May 12th 2021 71.50 -0.10
    May 11th 2021 71.60 -0.10
    May 10th 2021 71.50 0
    May 09th 2021 71.50 0
    May 08th 2021 71.50 -0.40
    May 07th 2021 71.90 - 2.00
    May 06th 2021 69.90 +0.20

    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
    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
    September 2020 58,500 76,500
    August 2020 65,010 76,520
    July 2020 48,510 66,060
    June 2020 47,110 50,160
    May 2020 41,010 51,400
    April 2020 40,360 42,710
    March 2020 37,800 50,700
    February 2020 47,400 52,900
    January 2020 49,200 52,600

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

    Parameters Silver price (per kg)
    May 1 Rate Rs.67,500 per kg
    May 7 Rate Rs.71,900 per kg
    Highest Rate in May Rs.71,900 per kg on 7 May
    Lowest Rate in May Rs.67,500 per kg on 1 May - 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.

    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

    December 2020 - Week 1 (1 - 6):

    • In India, silver opened the first week of December at Rs.64,600 per kg. When compared to the closing price of the previous month, the price of the white metal was down by Rs.100.
    • The price of silver climbed to Rs.67,500 per kg on 4th December. This was the highest recorded price of the white metal for the month till date.
    • Silver price in India remained unchanged over the next two days and closed the week at Rs.67,500 per kg. The white metal witnessed an inclining trend in the rates over the week.

    December 2020 - Week 2 (7 - 13):

    • Opening the second week of the month at Rs.63,910 per kg on 7 December, the price of the metal increased substantially to Rs.65,500 per kg on 8 December as investors speculated the developments of the COVID-19 vaccine.
    • On 9 December, the price of the metal dipped to Rs.64,400 per kg and further to Rs.63,400 per kg on 10 December due to vaccine optimism and shift of interest to the equities market.
    • The price of the metal on 11 December was Rs.63,410 per kg and decreased to Rs.63,200 per kg on the following day. At the end of the week, silver prices showed a marginal incline and closed at Rs.63,600 per kg.

    December 2020 - Week 3 (14 - 20):

    • Silver price in India opened the third week of December at Rs.67,400 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.
    • While the price of the white metal dropped the next day, it climbed in the country over the remainder of the week. Silver recorded its highest price for the month till date on 18th December when a kilo was retailed for Rs.71,500.
    • The price of silver didn’t see any change over the next two days and closed the week at Rs.71,500 per kg. The overall performance of the precious metal witnessed an inclining trend in the rates.

    December 2020 - Week 4 (21 - 27):

    • Silver rate in India opened the fourth week of the month at Rs.70,700 per kg which was the highest price of the metal in the week. On the next day, silver prices decreased to Rs.69,600 per kg.
    • On 23 December, silver rates dropped substantially to Rs.66,900 per kg and further to Rs.66,600 per kg on 24 December as the risk appetite amongst investors increased in the market. On 25 December, a kg of silver was priced at Rs.66,610 per kg.
    • On 26 December, the metal’s price increased as investors awaited on the U.S. government’s stimulus package announcement and was Rs.67,600 per kg and closed the week at the same price on 27 December.

    December 2020 - Week 5 (28 - 31):

    • Silver opened the fifth week of December at Rs.73,400 per kg in India. The price of the white metal was up by Rs.2,200 for every kilogram when the price was compared to the closing price of the previous week.
    • Over the next two days, the price of silver slipped in the country. A kilo of the precious metal was retailed for Rs.68,800 on 30th December.
    • Silver price in India increased on the final day of the year and closed at Rs.72,300 per kg. The overall performance of the white metal was one of 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

    November 2020 - Week 1 (1 - 8):

    • In India, silver prices opened the month of November at Rs.60,100 per kg which was the lowest price of the week. On 2 November, the price of the metal increased to Rs.61,700 per kg and further to Rs.61,900 per kg on 3 November.
    • On 4 November, the price of the white metal dipped to Rs.61,200 per kg and increased to hit its weekly high at Rs.66,100 per kg on 5 November as investors shifted towards the bullion market.
    • The price of the metal on 6 November dipped to Rs.64,500 per kg and increased to Rs.65,400 per kg on 7 November, closing the week at Rs.65,410 per kg on 8 November.

    November 2020 - Week 2 (9 - 15):

    • Silver price in India opened the second week of November at Rs.65,400 per kg. When compared to the price charged on the final day of the previous week, the rate was down by Rs.10 for every kilogram.
    • While the price of silver slipped in the country the following day, the rate of the white metal fluctuated over the next few days and was retailed for Rs.63,800 on 14th November.
    • Silver price closed the week at Rs.63,600 per kg with the overall performance recording an inclining trend in the country.

    November 2020 - Week 3 (16 - 22):

    • Silver rate in India opened the third week of the month at Rs.63,610 per kg on 16 November and was steady on the following day at the same price. On 18 November, the price of the metal dipped to Rs.62,900 per kg.
    • The value of silver dipped further and substantially to Rs.62,100 per kg on 19 November due to higher risk appetite amongst investors and positive news on the COVID-19 vaccine.
    • The price of the metal on 20 November was Rs.61,600 per kg, dipping further. However, silver rate recovered marginally and closed the week at Rs.62,300 per kg on 22 November.

    November 2020 - Week 4 (23 - 30):

    • Silver rate in India opened the last week of November at Rs.62,300 per kg on 23 November and dipped by more than Rs.2,000 to Rs.60,000 per kg on 24 November on a stronger dollar value in the international market.
    • On 26 November, the price of silver increased marginally by Rs.50 to Rs.60,050 per kg and decreased yet again on 27 November at Rs.59,600 per kg.
    • Silver prices on 28 November was Rs.59,200 per kg and remained steady on the following day. However, the metal recorded its monthly low on 30 November at Rs.59,100 per kg and closed at the same rate.

    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

    October 2020 - Week 1 & 2 (1 -11):

    • Silver price in India opened at Rs. 60,700 per kg on 1 October and on 4 October increased to Rs.61,210 per kg as the demand for the white metal increased in the international market.
    • On 5 October, the price of silver dipped marginally to Rs.60,600 per kg and increased yet again to Rs.62,000 per kg on 6 October. Silver rates fluctuated to a great extent for the rest of the week and was Rs.60,600 per kg on 7 October.
    • On 9 October, the silver rate was Rs.60,600 per kg and increased to Rs.62,900 per kg on 10 October. At the end of the week, silver closed at Rs.62,910 per kg on 11 October.

    October 2020 - Week 3 (12 - 18):

    • Silver price in India opened the third week of October at Rs.62,920 per kg. There was an increase of Rs.10 for every kilogram when compared to the closing price of the previous week.
    • Silver recorded its highest price for the month till date on 13th October when a kilo was retailed for Rs.63,100.
    • The price of the white metal saw slight fluctuations over the week and closed at Rs.61,700 per kg. The overall performance of silver witnessed an inclining trend.

    October 2020 - Week 4 (19 - 25):

    • Silver rate in India opened the fourth week of the month at Rs.61,350 per kg and increased to Rs.62,000 per kg on 20 October due to a decreasing risk appetite amongst investors. On 21 October the price of the metal hit its monthly high at Rs.63,500 per kg.
    • On 22 October, the price of silver dipped marginally to Rs.63,000 per kg and dipped further to below the Rs.63,000 per kg mark at Rs.62,600 per kg.
    • Decreasing marginally by Rs.100, silver prices were at Rs.62,500 per kg on 23 October and held steady, closing at the same rate, recording an overall weekly incline.

    October 2020 - Week 5 (26 - 31):

    • Silver rate in India opened the fifth week of October at Rs.61,800 per kg. When compared to the closing price of the previous week, there was a drop of Rs.700 for every kilogram.
    • The price of the white metal improved gradually over the week before dropping again on the final day of the month.
    • In India, silver closed the week at Rs.61,000 per kg. The overall performance of silver witnessed an inclining trend.

    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

      September 2020 - Week 1 (01 - 06):

    • In India, silver prices showed an overall declining trend throughout the first week of September opening at Rs.76,500 per kg. The price of the metal at the beginning of the week was its highest.
    • On 3 September, with the value of the dollar rising in the international market, silver rate in India dipped to hit its lowest price of the week at Rs.65,800 per kg. However, as the dollar value recovered, the price of the metal dipped.
    • On the last day of the week, the silver rate closed at Rs.67,210 per kg recording an overall decline for the week as the rising COVID-19 cases all over the world providing support for the metal.

    September 2020 - Week 2 (7 - 13):

    • Silver rate in India at the start of the second week of September was Rs.67,220 per kg. Compared to the price charged on the final day of the previous week, the rate was up by Rs.10 per kilogram.
    • In India, the price of silver saw slight fluctuations over the week. On 10th September, a kilo of silver was retailed for Rs.68,560.
    • Silver price in India closed the week at Rs.67,900 per kg. The metal’s overall performance in the country witnessed a declining trend.

    September 2020 - Week 3 (14 - 20):

    • Silver price in India opened the third week of September at Rs.67,910 per kg. When compared to the price charged on the final day of the previous week, the rate was up by Rs.10.
    • While the price of silver climbed in the country the following day, the rate of the white metal slipped over the next few days.
    • Silver price closed the week at Rs.67,900 per kg with the overall performance recording a declining trend in the country.

    September 2020 - Week 4 (21 - 27):

    • Silver rate in India opened the fourth week of September at Rs.67,800 per kg on 21 September and showed a heavy decline due to various factors such as the price of the dollar increasing in the market.
    • On 22 September, the metal’s price dipped to Rs.61,300 per kg, declining by more than Rs.6,000. Silver price plummeted further on the following day and hit its lowest of the month on 24 September at Rs.58,500 per kg.
    • The price of the white metal increased marginally as the rising number of COVID-19 cases all over the world provided support for the metal. On 27 September, the metal closed at Rs.59,000 per kg.

    September 2020 - Week 5 (28 - 30):

    • Silver price in India opened the final week of September at Rs.59,000 per kg. There was no change in the rates when compared to the closing price of the previous week.
    • The price of the white metal climbed over the next two days and closed the month of September at Rs.62,500 per kg.
    • Silver’s overall performance in the country witnessed a declining trend.

    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

    August 2020 - Week 1 (1 - 9):

    • Silver price in India opened the first week of August at Rs.65,010 per kg and increased by more than Rs.100 to Rs.65,120 per kg on the following day.
    • The demand for silver increased substantially amongst investors due to the constant rise in COVID-19 cases all over the world and due to various geopolitical factors.
    • On 6 August, silver rate in India crossed the Rs.70,000 per kg mark and was at its highest on 8 August at Rs.76,520 per kg. The silver price was Rs.74,210 per kg on the last day of the week.

    August 2020 - Week 2 (10 - 16):

    • In India, the price of silver opened the second week of August at Rs.74,220 per kg. The rates were up by Rs.10 when compared to the closing price of the previous week.
    • Over the week, the rate of silver fluctuated in India. While the rates climbed on 11th August, it slipped over the next two days and recorded its lowest price for the month on 13th August with a kilo costing Rs.65,010. Silver rates improved over the latter half of the week and closed at Rs.68,010 per kg. The overall performance of silver witnessed an inclining trend.

    August 2020 - Week 3 (17 - 23):

    • In August, silver price in India opened the third week of the month at Rs.68,020 per kg on 17 August and increased by Rs.890 on the following day with the dollar value dropping.
    • On 19 August, silver rate in India crossed the Rs.71,000 per kg mark at Rs.71,110 per kg due to global economic uncertainties. However, as the value of the dollar recovered, the silver price dipped to Rs.68,110 per kg on 20 August.
    • On 21 August, the price of silver dipped below the Rs.68,000 per kg mark at Rs.67,010 per kg and closed the week at Rs.67,110 per kg.

    August 2020 - Week 4 (24 - 31):

    • The price of silver in India opened the final week of August at Rs.67,120 per kg. Compared to the closing price of the previous week, the rate of the white metal was up of Rs.10 in the country.
    • Over the week, silver rates fluctuated in the country. A kilo of silver was retailed for Rs.67,530 on 27th August.
    • Silver price in India closed the week at Rs.66,370 per kg. Silver's overall performance in the country witnessed an inclining trend.

    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

    July 2020 - Week 1 (01 - 05):

    • In India, silver prices showed a declining trend for the first week of July, opening at Rs.48,560 per kg, increasing marginally by Rs.50 compared to the closing price of the previous week. The price of the white metal increased on 2 July to cross the Rs.50,000 per kg mark at Rs.50,060 per kg with investors shifting towards the bullion market due to the rise in COVID-19 cases all over the world.
    • However, on 3 July, the value of silver dipped substantially to below the Rs.49,000 per kg mark to Rs.48,610 per kg with investors shifting back to the equities marker amidst positive data being shown in the United States of America along with the possibility of a vaccine for COVID-19.
    • On 4 July, silver rate in India dipped further to Rs.48,560 per kg as investors waited for more updates on the economic data of the country. Decreasing further, silver price closed the week at Rs.48,510 per kg which was the lowest recorded price of the metal in the week.

    July 2020 - Week 2 (06 - 12):

    • Opening the second week of the month, silver price in India were trading at Rs.48,520 per kg on 6 July and increased substantially to cross the Rs.49,000 per kg mark on the next day. On 7 July, the value of the white metal was Rs.49,610 per kg with the rise in COVID-19 cases all over the world which scientists were terming as the second wave of the virus. On 8 July, the price of silver dipped by Rs.310 to Rs.49,300 per kg as the value of the U.S. dollar recovered marginally in the market, increasing the risk appetite of the investors
    • The price of silver in India fluctuated throughout the week, increasing to cross the Rs.50,000 per kg mark at Rs.50,030 per kg on 9 July and increasing to cross the Rs.51,000 per kg mark at Rs.51,910 per kg on 10 July. With the rise in fresh cases in the United States of America and India, risk appetite amongst investors dipped to a great extent and safe-haven demand for the metal rose.
    • On 11 July, silver rate in India increased marginally to Rs.51,960 per kg and hit the highest price in 7 years at Rs.52,000 per kg on 12 July supported by increased safe-haven demand, closing the week recording an overall weekly incline.

    July 2020 - Week 3 (13 - 19):

    • In India, silver rate opened the third week of July at Rs.52,010 per kg. Compared to the closing price of the previous week, the rate of the white metal was up by Rs.10.
    • Over the week, the rates of silver witnessed an inclining trend in the country. The increase in the rates saw the white metal record its highest price for the month till date on 16th July when a kilo was retailed for Rs.53,010.
    • While the rates slipped over the next two days, it recovered somewhat on the final day of the week. Silver price in India closed the week at Rs.52,910 per kg.

    July 2020 - Week 4 (20 - 26):

    • Silver price in India opened the fourth week of July at Rs.52,290. There was an increase of Rs.10 in the rates when compared to the closing price of the previous week.
    • The price of silver witnessed an inclining trend in the rates over the week. The increase in the rates saw the white metal record its highest price for the month till date on 24th July when a kilo was retailed for Rs.62,010.
    • Silver rates closed the penultimate week of the month at Rs.61,210 per kg in India.

    July 2020 - Week 5 (27 - 31):

    • Silver price in India opened the last week at Rs.61,220 per kg with a marginal incline compared to the previous week’s closing. The metal showed heavy inclines in the week due to the rise in safe-haven demand of the metal.
    • The metal on 28 July, increased by Rs.3,000 and was priced at Rs.64,710 per kg and further increased to cross the Rs.66,000 per kg mark at Rs.66,010 per kg.
    • On 30 July, silver rate in India hit its highest of the month at Rs.66,060 per kg and dipped substantially on 31 July and closed at Rs.63,010 per kg.

    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

    June 2020 - Week 1 (1 - 7):

    • Silver was priced at Rs.50,120 on 1st of June in India. Compared to what was charged on the final day of the previous month, the rates were up by Rs.20. The rates climbed to its highest for the month till date on 2nd June when a kilo of the white metal cost Rs.50,160. The increase in the rates was accounted to jitters over increasing tensions between Washington and Beijing, protests in major cities of the United States of America, and a weakening dollar.
    • The rates of silver in India slipped considerably the following day and was priced Rs.48,900 per kg. The drop in the rates was seen as the risk- on sentiment was boosted after equity markets rallied on economic optimism and hopes of further stimulus measures.
    • While silver rate in India improved slightly on 4th June, the rates slipped again on 5th and 6th of June. The drop saw silver record its lowest price for the month till date with a kilo costing Rs.47,400 per kg. There was a minimal increase in the rates on the final day of the week and closed at Rs.47,410 per kg. The overall performance of the metal witnessed an inclining trend.

    June 2020 - Week 2 (8 - 15):

    • Silver prices opened the second week of the month at Rs.47,450 per kg on 9 June and showed an overall declining trend due to increased risk appetite and low demand amongst investors. On 10 June, the price of the white metal increased to cross the Rs.48,000 per kg mark at Rs.48,200 per kg and further increasing to Rs.48,310 per kg on 11 June. The rise in prices was majorly due to dipped risk appetite amongst investors with the rising number of new COVID-19 cases all over the world. Along with this, a dip in the value of the dollar in the international market resulted in the rise in silver prices.
    • On 12 June, the price of the metal increased to Rs.48,510 per kg which was the highest price of the month. The rise in the price was due to investors awaiting the economic data from the United States of America. However, from 13 June, the price of the metal began declining from Rs.48,510 per kg to Rs.48,460 per kg on 13 June.
    • Silver prices saw a substantial decline on 14 June when the price of the metal dipped to below the Rs.48,000 per kg level to Rs.47,710 per kg. A rise in the dollar value in the international market limited the gains of the metal and closed at Rs.47,720 per kg on 15 June recording an overall decline in prices.

    June 2020 - Week 3 (16 - 21):

    • In India, silver opened the third week of June at Rs.47,110 per kg. This was the lowest recorded price of silver for the month till date. Compared to the closing price of the previous week, the rates were down by Rs.610 for every kilo.
    • Silver rates shot up the next up before declining again on 18th and 19th June in India. The fall in the rates was seen after data showed lower jobless claims in the United States of America.
    • Over the last two days of the week, the rates of silver saw an increase as a rise in coronavirus cases raised concerns of new lockdowns. Silver rate in India closed the week at Rs.48,670 per kg with the overall performance witnessing a declining trend.

    June 2020 - Week 4 (22 - 30):

    • In India, silver rate opened the fourth and final week of June at Rs.48,680 per kg. There was an increase of Rs.10 in the rates when compared to what was charged on the final day of the previous week.
    • While silver price in India increased the following day as well, it dropped to Rs.47,610 per kg on 26 June as investors flock to the safety of the dollar as the number of coronavirus cases increased.
    • The rates of silver increased in India over the last four days of the week and closed at Rs.48,510 per kg. The overall performance witnessed a declining trend in the rates.

    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.

    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 2020?
    6. Yes, investing in silver will be a wise decision in 2020 due to a wide range of reasons. Given that the year 2020 began with several geographical and political events already taking place, the dependency on the stock market and equities have been hit to a certain extent. 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 more on Silver

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    • Silver rates jump by Rs.1,282 in the national capital on 4 May 2021

      According to HDFC Securities, silver prices in India jumped by Rs.1,282 in the national capital on 4 May 2021 and were at Rs.70.270 per kg. In the previous session, the prices of the white metal were at Rs.68,988 for a kg. In the international markets, the prices of silver were at $26.90 for an ounce. Like silver, gold jumped in the national capital as well. The prices of gold jumped by Rs.97 and were at Rs.4,758 for 10 grams. In the previous session, the prices of the yellow metal closed at Rs.46,661 for 10 grams.

      04 May 2021

    • Gold price grows marginally to trade above Rs.46,000, silver falls

      Prices of gold grew marginally on Tuesday as the rate of 10 grams of 22-carat-gold rose Rs.10 to end at Rs.45,080.

      The price of 24-carat gold rose by Rs.10 and went up to Rs.46,080 per 10 grams.

      However, the price of silver dropped as it traded at Rs. 684 for 10 grams from Rs.692 of the previous day.

      The price of gold in New Delhi is Rs.46,410 for 22-carat while for 24-carat gold, it is Rs.50,630.

      The rate of 22-carat gold in Chennai is Rs.44,960, while for 24-carat the price is Rs.49,040 per 10 grams.

      The price of the 22-carat yellow metal in Kolkata for 10 grams, the price is Rs.46,910, while for 10 grams of 24-carat gold, the price is Rs.49,610.

      The price of the 22-carat gold in Mumbai is Rs.45,080 for 10 grams while for 24-carat it is Rs.46,080.

      The rate of silver was Rs.68,400 in New Delhi, Mumbai and Kolkata for one kilogram.

      21 April 2021

    • Gold trades near 45.5k, silver expensive by Rs.400

      The price of gold traded at R.45,494 per gram as it rose 0.32% or Rs.145. The price of silver also rose 0.63% to Rs.64,970 per kg.

      The spot price of gold dropped by Rs.15 to Rs.44,949 in New Delhi. The price of silver also slipped by Rs.216 to Rs.64,222 per kg.

      07 April 2021

    • Silver rates gain marginally in India on 8 April 2021

      Silver rates jumped marginally by Rs.1.30 per gram on 8 April 2021. Individuals will have to pay Rs.663 for 10 grams. In the previous session, the prices of the white metal were at Rs.650 for 10 grams. The prices of silver in Hyderabad and Chennai were at Rs.70,500 for a gram. In Kolkata, Mumbai, and Delhi, the prices of silver were at Rs.66,300 for a kg. Gold prices increased across all the metros in India as well on 8 April. In the global markets, the prices of the yellow metal fell by 0.04% and were at $1,736.90 for an ounce. Over the last 30 days, gold rates have jumped by 3.21% in the global markets.

      08 April 2021

    • Gold prices trading lower; silver prices fall substantially

      Gold prices were trading lower by Rs.15 in New Delhi at Rs.44,949 per 10 grams due to a mute trend seen in the international market. The yellow metal had previously closed at Rs.44,964 per 10 grams.

      Silver prices declined by Rs.216 to Rs.64,222 per kg compared to its previous close of Rs.64,438 per kg. In the international market, gold prices were $1,727 per ounce while silver prices were trading flat at $24.78 per ounce.

      06 April 2021

    • Gold prices dip below Rs.44,600 while silver prices dip by Rs.200

      Futures of silver and gold traded lower on 30 March 2021 influenced by the US dollar that was stronger and treasury yields that were higher, sparking hopes of an economic turnaround with increasing Covid-19 vaccinations the world over. On the Multi Commodity Exchange (MCX) futures of gold went down by 0.33%, which was lower by Rs.149, to settle at Rs.44,549 for 10 grams. Futures of silver also reduced by Rs.194, or by 0.30%, to settle at Rs.63,980 per kg. Prices of spot gold in New Delhi also reduced by Rs.147 to settle at Rs.44,081 for 10 gram on 26 March while silver prices increased by Rs.1,036 to settle at Rs.64,276 per kilogram.

      30 March 2021

    • Silver rates in India fall by almost Rs.300 on 23 March 2021

      Due to the gains in the value of the dollar and the equity markets, silver rates in India fell by nearly Rs.300 on 23 March 2021. However, the increase in the number of coronavirus cases ensured that the losses were limited. Silver futures prices fell by 0.43% and were at Rs.66,049 for a kg. In the spot market, silver rates fell by Rs.1,533 and were at Rs.65,319 for a kg. Like silver, gold rates also fell in India on 23 March 2021. Gold futures prices on MCX fell by 0.23% and were at Rs.44,801 for 10 grams. Gold prices in the national capital fell by Rs.302 on 22 March 2021 and were at Rs.44,269 for 10 grams.

      23 March 2021

    • Silver prices rise while gold prices record a decline in the market

      Gold prices on 8 March had dropped by Rs.122 to Rs.44,114 per 10 grams in Delhi due to a weak trend seen in the international market. The price of the metal had previously closed at Rs.44,236 per 10 grams in the previous session.

      Silver prices, however, showed an incline by more than Rs.500 to Rs.65,534 per kg compared to Rs.64,947 per kg in its previous session. According to analysts, the weak trend of gold prices in COMEX resulted in a slump in prices.

      In the international market, gold was trading lower at $1,699 per ounce and silver prices were trading higher at $25.31 per ounce.

      16 March 2021

    • Silver rates show marginal gains; gold prices fall in the domestic market

      Gold prices in Delhi dipped by Rs.250 to Rs.43,430 per 10 grams for 22-karat gold and 24-karat gold as well declined to Rs.44,430 per 10 grams. Silver prices showed a marginal incline in the state. 24-karat gold in Chennai was priced at Rs.45,860 per 10 grams.

      In Kolkata, the value of 24-karat gold was Rs.46,480 per 10 grams and Rs.44,430 per 10 grams in Mumbai.

      Silver prices increased marginally by Rs.2 to Rs.66,700 per kg in the market compared to its previous closing price. In Delhi, Kolkata and Mumbai, the rate of the white metal was Rs.66,700 per kg whereas, in Chennai and Hyderabad, it was priced at Rs.71,100 per kg.

      In the international market, gold prices dipped marginally by 0.19% to $,1713.20 per ounce and had declined by 5.62% in the previous month.

      15 March 2021

    • Rate of gold at Rs.45,940 per 10 grams; silver prices at Rs.67,510 per kg

      Gold prices increased marginally by Rs.10 to Rs.45,940 per 10 grams on 2 March 2021 while silver was trading at Rs.67,510 per kg in the domestic market. In New Delhi, the value of 22-karat gold was Rs.45,200 per 10 grams, increasing by Rs.360 and in Chennai, it was Rs.43,550 per 10 grams. 24-karat gold in Chennai increased by Rs.270 to Rs.47,510 per 10 grams.

      In the international market, gold prices were down as the value of the U.S. dollar rose. Spot gold traded lower by 0.6% at $1,723.30 per ounce and U.S. gold futures were also trading lower by 0.3% at $1,723 per ounce.

      01 March 2021

    • Substantial rise seen in gold and silver prices as international rates incline

      Gold prices in India surged by Rs.337 on 23 February to Rs.46,372 per 10 grams due to a positive trend seen in the international prices of the yellow metal. In its previous session, gold had closed at Rs.46,035 per 10 grams.

      Silver showed substantial gains, rising by more than Rs.1,000 at Rs.1,149 to Rs.69,667 per kg compared to its previous closing rate of Rs.68,518 per kg. In the international market, gold prices were holding steady at $1,808 per ounce and silver prices were trading at $28.08 per ounce.

      23 February 2021

    • Price of silver down by Rs.6 for every 10 grams

      The rate of the white metal was down by Rs.6 for every 10 grams on Thursday. In Delhi, 10 grams of silver cost Rs.696 as a kilogram cost Rs.69,600. The price was similar in Mumbai and Kolkata. In Chennai and Hyderabad, a kilogram of the precious metal cost Rs.73,600.

      Gold price also declined on Thursday with 10 grams of the 24-karat gold costing Rs.46,690 while 10 grams of 22-karat gold cost Rs.45,690. In the international market, the price of the yellow metal was up by 0.35 percent to cost $1,782.10 per ounce. It must be mentioned here that in the last 30 das, the performance of the yellow metal had declined by 3.01 percent.

      18 February 2021

    • Silver rates jump by Rs.340 in India on 8 February 2021

      Silver prices in India on 8 February 2021 jumped by Rs.340 and were at Rs.68,391 for a kg. In the previous session, the prices of the white metal closed at Rs.68,051 per kg. In the international markets, silver rates increased and were at $27.16 for an ounce. Like silver, gold rates increased in India as well. Gold prices increased by Rs.94 on 8 February and were at Rs.46,977 per 10 grams. The main reason for the increase in prices was a recovery in the international markets. In the global markets, gold rates increased and were at $1,815 for an ounce.

      09 February 2021

    • Gold and silver open lower

      Prices of gold in in India slipped on the MCX at Rs.47,227, falling Rs.29 previously. Price of silver in India also dropped with MCX Silver for March delivery being traded at Rs.68,584.

      Prices of Gold and silver have seen a tremendous fall in India after the Union Budget.

      On international markets, prices of gold remained flat as the hopes of a fiscal stimulus in the US came into existence once again after the US jobs data which were disappointing were released.

      08 February 2021

    • Decline in gold and silver prices by Rs.322 and Rs.972 respectively

      The prices of gold reduced by Rs.322 to settle at Rs.47,135 per 10 gram in New Delhi on 4 February 2021, which was a fourth consecutive fall. Previously, it had settled at Rs.47,457 per 10 gram. The prices of silver also reduced by Rs.972 to settle at Rs.67,170 per kg, when it was previously Rs.68,142 per kg.

      05 February 2021

    • Dip in gold and silver prices on 3 February 2021

      Domestic gold futures on 3 February saw a fluctuation in prices with gold prices slipping to Rs.47,387 per 10 gm, less Rs.232, with a corresponding global decline in prices. Silver prices declined to Rs.67,605 per kg, a decrease by Rs.1955. Multi Commodity Exchange (MCX) gold futures ranged from Rs.47,725 and Rs.47,955. Silver futures trading higher at Rs.68,616, which was 1.59% higher.

      04 February 2021

    • Silver rates fall in India on 2 February 2021

      Following a muted trend in the international markets, silver futures prices fell in India on 2 February 2021. Silver futures prices fell by 1.90% and were at Rs.72,269 for a kg. In the previous session, the prices of the white metal were at Rs.73,666 per kg. In the international markets, the prices of the white metal fell by 1.5% and were at $28.54 for an ounce. On 1 February, the prices of the white metal jumped by 7.3% and were at $30.03 for an ounce. Like silver, gold rates fell in India on 2 February 2021 as well.

      03 February 2021

    • Gold prices rise to Rs.49,450 per 10 grams; silver prices record substantial inclines

      Silver prices were trading at Rs.73,000 per kg while gold prices increased from Rs.48,960 per 10 grams to Rs.49,450 per 10 grams in the domestic markets. 22-karat gold in New Delhi had increased by Rs.190 to Rs.48,150 per 10 grams and in Chennai, dipped to Rs.46,250 per 10 grams.

      In Mumbai, gold prices increased to Rs.48,450 per 10 grams. However, 24-karat gold in Chennai was valued at Rs.50,450 per 10 grams.

      In the international market, silver prices increased substantially by 11.2% with the social media hype surrounding the white metal. Spot gold prices were higher by 0.8% to $1,860.93 per ounce and U.S. gold futures increased to $1,863.90 per ounce.

      02 February 2021

    • Gold and silver rates witness a decline in the national marke

      Gold and silver prices saw a decline in the market. The price of the metal dipped by Rs.10 as the value of 22-karat gold was Rs.47,990 per 10 grams and 24-karat gold was priced at Rs.48,990 per 10 grams.

      In Delhi, 22-karat gold was priced at Rs.47,890 per 10 grams and 24-karat gold was priced at Rs.52,240 per 10 grams whereas in Chennai, 24-karat gold was priced at Rs.50,650 per 10 grams and the price of 22-karat gold was Rs.46,160 per 10 grams. 10 grams of 22-karat gold was Rs.48,480 per 10 grams in Kolkata and 24-karat gold was trading at Rs.51,180 per 10 grams.

      Silver prices in Delhi were Rs.65,900 per kg, and in Chennai and Hyderabad, the price of the metal was Rs.70,700 per kg.

      In the international market, gold prices dipped by 0.38% to $1,837.50 per ounce.

      29 January 2021

    • Silver rates fall by Rs.200 in India on 27 January 2021

      Silver prices in India fell by Rs.200 on 27 January and were at Rs.66,500 for a kg. Unlike silver, the prices of gold remained stable for the second day in a row. The prices of the yellow metal were at Rs.49,330 for 10 grams. Gold rates are different in every state because of making charges, taxes, and excise duty. On 26 January, the prices of gold fell in the global markets due to the worries of the coronavirus aid package. Spot gold prices fell by 0.2% and were at $1,851.26 for an ounce. Gold futures prices in the US fell by 0.2% as well and were at $1,850.90 for an ounce.

      27 January 2021

    • Gold records a drop in prices; silver prices rise in the national market

      Gold prices showed a weak trend in the national market for the third consecutive day. On the Multi Commodity Exchange, gold futures declined by 0.02% to Rs.49,131 per 10 grams. However, silver prices showed a positive trend increasing by 0.4% while gold prices had dipped by 0.5% in its previous session.

      Silver prices on the MCX increased to Rs.66,885 per kg with hopes of an additional stimulus package by the U.S. Government. In the international market, gold prices were higher due to rising expectations of a stimulus package. Spot gold rates had inclined by 0.3% to $1,858.57 per ounce.

      25 January 2021

    • Silver prices record inclines of more than Rs.1,000 in the domestic market

      Silver prices rose by Rs.1,227 to Rs.66,699 per kg in the domestic market compared to its previous closing price of Rs.65,472 per kg. Gold prices, as well, recorded an incline, rising by Rs.575 to Rs.49,125 per 10 grams as the metal showed a strong trend in the global markets.

      Gold has previously closed at Rs.48,550 per 10 grams. In the international market, gold prices were trading firm at $1,870.50 per ounce and silver prices were trading higher at $25.83 per ounce.

      According to sources, the spot gold prices in New Delhi saw inclines for the fourth consecutive day as gold prices surged in the international market.

      21 January 2021

    • Price of 10 grams of gold increases by Rs.200; silver rates show an incline

      Gold prices along with silver were trading positive in the market after continuous declines. The price of gold in Delhi was Rs.50,500 per 10 grams and silver was priced at Rs.69,000 per kg. According to experts, the price of spot gold may reach the Rs.51,000 – Rs.52,000 per 10-gram mark in the upcoming fortnight.

      Silver futures for March delivery on the Multi Commodity Exchange gained Rs.738 and was priced at Rs.67,728 per kg. The stop loss of silver is put at Rs.66,300 per kg and the target price is at Rs.68,900 per kg.

      20 January 2021

    • Gold sees an increase in value by Rs.117; silver prices jump by more than Rs.500

      Gold prices rose by Rs.117 to Rs.48,332 per 10 grams in New Delhi on 18 January as international prices of the metal showed a recovery in the market. The value of the dollar dipping in the market also resulted in the rising prices of the metals.

      Silve prices also increased by Rs.541 to Rs.64,657 per kg compared to its previous closing price of Rs.48,215 per 10 grams. The rupee appreciated against the U.S. dollar by 21 paise and settled at 73.28.

      In the international market, the price of the yellow metal was $1,834 per ounce and silver prices were trading at $25 per ounce.

      18 January 2021

    • Silver prices increase while gold rate dips in the market

      Gold prices dipped by Rs.108 while silver prices increased by Rs.144 on Wednesday in New Delhi as the value of the dollar in the market increased. The price of the yellow metal was Rs.48,877 per 10 grams and had previously closed at Rs.48,985 per 10 grams.

      Silver prices, on the other hand, increased by Rs.144 to Rs.65,351 per kg compared to its previous closing price of Rs.65,207 per kg. The rupee had closed at 73.15 against the U.S. dollar and had appreciated by 10 paise.

      In the international market, the price of gold traded positive at $1,857 per ounce and silver was trading at a flat rate of $25.48 per ounce.

      15 January 2021

    • Gold prices see a fall; silver rates rise due to international trends

      The price of 22-karat gold dipped marginally by Rs.16 and was at Rs.4,831 per gram and Rs.48,310 per 10 grams. The price of the metal in the previous session was Rs.48,150 per 10 grams. 24-karat gold, as well, dipped by Rs.160 at Rs.49,310 per 10 grams.

      In Delhi, the price of 22-karat gold was Rs.48,050 per 10 grams, dipping by Rs.410 and 24-karat gold was priced at Rs.52,420 per 10 grams after decreasing by Rs.440. A gram of gold in Chennai was Rs.46,800 per 10 grams for 22-karat and 24-karat gold was priced at Rs.51,054 per 10 grams after falling by Rs.226.

      Silver prices increased marginally by Rs.9 to Rs.64,800 per kg in Delhi, Kolkata and Mumbai. The price of the white metal in Chennai and Hyderabad was Rs.69,600 per kg.

      14 January 2021

    • After continuous declines, gold and silver prices recover and show a positive trend

      Gold prices increased on 11 January by Rs.389 to Rs.48,866 per 10 grams in New Delhi after a positive trend was seen in the metal’s price in the international market. As the value of the rupee depreciated, the price of the metal increased. The yellow metal had previously closed at Rs.48,477 per 10 grams.

      Silver prices as well increased by more than Rs.1,000 at Rs.1,137 to Rs.64,726 per kg compared to its previous closing price of Rs.63,589 per kg.

      In the international market, gold prices were trading positively at $1,853 per ounce while silver prices quoted a flat trend at $25.14 per ounce.

      13 January 2021

    • Gold and silver rates see a substantial drop due to international trends

      Gold and silver prices in the Indian market due to a negative trend in the international market. On the Multi Commodity Exchange, gold futures for February dipped to Rs.48,760 per 10 grams, falling by 0.42%. The value of the metal saw losses amounting to Rs.2,350 in two days. In the previous session, gold prices had dipped by Rs.2,050 per gram.

      Silver rate as well dipped by 0.5% to Rs.63,914 per kg. Silver prices saw a fall of Rs.6,100 per kg compared to its previous closing price.

      In the international market, gold prices showed a negative trend with a strong trend seen in the equities market. The price of gold was $1,836.30 per ounce after it sank by 0.7% and 3.4% on Friday. Silver prices dipped by 2.4%,

      12 January 2021

    • Gold and silver rates increase

      Gold and silver prices had edged higher and recovered from a fall during the last session. Gold futures have also risen by 0.54% and reached Rs.50,781 per 10 gram. Silver futures had risen by 0.23% and reached Rs.69,580 per kg. Gold rates had dipped by Rs.1,230 per 10 gram and silver prices had dipped by Rs.1,700 per kg.

      Internationally, the gold rates had risen after it had dipped during the previous trading session. Spot gold prices had increased by 0.2% and reached $1,992.81 per ounce. 

      07 January 2021

    • Gold rates increase by 0.04% and silver dips by 0.78%

      Spot gold prices increased by 0.04% and had reached Rs.51,340 and increased from Rs.51,320. It had been higher than the current week average of Rs.50,408.57 by 1.85%. Even though the global gold rates ($1946.1) had dipped by 0.17%, the spot gold rates in India (Rs.51,340) had seen a growth of 0.04%. The international spot gold prices rates had dipped and reached $1946.1 per troy ounce. This rate level is 3.72% higher than average gold rate observed in the past 30 days ($1873.8).

      06 January 2021

    • Silver rates jump by 2% in India on 4 January 2021

      Silver prices in India increased by 2% on 4 January 2021. Silver futures prices on MCX jumped by 1.97% and were at Rs.69,466 for a kg. In the previous session, the prices of the white metal closed at Rs.68,123 per kg. Like silver, gold prices in India on MCX increased as well. The main reason for the increase in prices was the increase in the number of coronavirus cases. Gold futures prices for the month of February jumped by 1.9% and were at Rs.50,844 for 10 grams.

      05 January 2021

    • Gold contracts trading higher; Silver prices increase marginally

      Gold prices on the Multi Commodity Exchange were trading higher by 0.22% at Rs.50,151 per 10 grams. Silver futures for March delivery was also trading higher at Rs.68,756 per kg, by 0.97%.

      According to experts, gold is said to have support near the Rs.49,550 per 10-gram levels and silver will be having support near the Rs.67,500 per kg levels. In the international market, gold February contracts were at $1,882.90 per ounce and silver futures for March delivery showed a weaker trend, settling at $26.22 per ounce.

      Gold futures for February delivery was settled at Rs.50,039 per 10 grams in the Indian markets.

      03 January 2021

    • Silver rates in India increase marginally on 29 December 2020

      Silver rates increased marginally in the national capital on 29 December 2020 and were at Rs.68,156 for a kg. When compared to the previous session, the prices gained by Rs.36. In the previous session, the prices of the white metal were at Rs.68,120 for a kg. In the global markets, the prices of silver were flat and were at $26.26 for an ounce. Like silver, gold prices increased marginally as well in Delhi. The prices of gold increased by Rs.39 and were at Rs.49,610 for 10 grams. Gold rates increased in the international markets as well and were at $1,883 for an ounce.

      30 December 2020

    • Rate of gold surges by 0.9%; silver prices follow suit

      Gold prices on 28 December increased due to a positive trend seen in the international market. The value of the metal on the Multi Commodity Exchange inclined to Rs.50,518 per 10 grams. Silver prices also increased to Rs.69,546 per kg.

      The price of the metal in Chennai was Rs.51,680 per 10 grams whereas, in Mumbai, it was Rs.49,756 per 10 grams. The gold rate was among the highest in Delhi at Rs.53,235 per 10 grams and Rs.50,996 per 10 grams in Kerala.

      22-karat gold prices also saw an incline at Rs.47,360 per 10 grams in Chennai and Rs.48,815 per 10 grams in Delhi.

      29 December 2020

    • Gold rates show an incline; silver prices rise by 3%

      Spot gold price in India had increased to Rs.49,740 per 10 grams on 28 December compared to its previous closing price at Rs.49,730 per 10 grams. However, the rate of gold was lower than the weekly average price at Rs.49,804.28 per 10 grams.

      The rate of spot gold had increased by 0.02% despite the global price of the metal dipping by 0.77%. On the Multi Commodity Exchange, gold futures had increased by 0.19% to Rs.50,858 per 10 grams. Silver prices, as well, saw an incline by almost 2% to Rs.69,424 per kg, increasing by Rs.1,388.

      In the international market, global spot prices dipped to $1,895 per ounce, declining by 0.77%. Silver prices gained in the market by 3% to $26.6 per ounce.

      28 December 2020

    • Gold and silver rates decrease in India following a decrease in global rates

      The price of gold on 23 December slumped on the back of a dip in prices globally. On the Multi Commodity Exchange, the price of gold decreased to settle at Rs.50,081 while the price of silver also took a downturn to settle at Rs.66,775 rupees per kilogram. The price of 24 karat gold was as follows across the major cities and states in India: Chennai (Rs.52,191), Mumbai (Rs.49,754), Bangalore (Rs.51,395), Delhi (Rs.53,447), Kerala (Rs.51,137), Hyderabad (Rs.51,393), Kolkata (Rs.51,910), and Pune (Rs.51,244).

      24 December 2020

    • Prices of gold and silver decline in India

      Gold prices decreased by Rs.252 to settle at Rs 49,506 per 10 grams in New Delhi on 23 December 2020. Previously, the price per 10 grams was Rs.49,758. The price of silver also slumped by Rs.933 to settle at Rs.66,493 per kilogram from the previous price point of Rs.67,426 per kilogram. In the international markets, gold had gains at $1,868 per ounce while silver remained the same at $25.53 per ounce.

      23 December 2020

    • Silver prices in Delhi jump on 21 December 2020

      Prices in silver increased in India on 21 December 2020 because of the decrease in the number of coronavirus cases and the corona vaccine. Apart from the Indian markets, silver rates increased in the international markets. Silver futures prices increased by 3% and were at Rs.69,874. In the international markets, silver prices jumped by 0.9% and were at $26.01. Gold futures prices on MCX jumped by 0.75% and were at Rs.50,678.

      22 December 2020

    • Gold prices rise up to a month-high rate while silver rates surge to Rs.3,600

      Gold and silver prices have witnessed a surge in its prices in the Indian market. The rates jumped up after top US lawmakers agreed to a COVID-19 economic relief package of $900 billion.

      The gold futures for the month of February 2021 jumped by 1.4% to a one-month high of Rs.51,009 per 10 gram on MCX. Silver, on the other hand, jumped up by 5.4% or Rs.3,600 to Rs.71,549 per kg. The previous session had witnessed the gold future to edge at 0.17% after 3 days of up move lower after it had fallen 0.6%.

      21 December 2020

    • Silver falls by more than Rs.600 while gold records a dip of Rs.460

      Gold prices have dropped by Rs.460 to Rs.48,371 per 10 grams in New Delhi on 14 December. The fall in price was majorly due to a weaker international trend in the market due to vaccine optimism. Gold had previously closed at Rs.48,831 per 10 grams in the earlier session.

      Following suit, silver prices declined to Rs.62,469 per kg, falling by Rs.629 compared to its previous closing price of Rs.63,098 per kg.

      The rupee appreciating against the dollar also played a role in the fall in gold prices in the market, according to sources. The rupee had strengthened by 5 paise against the U.S. dollar on Monday.

      In the international market, gold prices dipped to $1,830 per ounce and silver prices remained flat at $23.82 per ounce.

      16 December 2020

    • Gold prices fall to Rs.49,046 per 10 grams; silver falls too due to a stronger dollar value

      The price of gold dipped by Rs.145 to Rs.49,046 per 10 grams in Mumbai. The fall in price was due to the rise in the dollar value in the market. With positive trends surrounding the vaccine development for COVID-19, the risk appetite amongst investors grew and focus shifted away from the bullion market.

      Gold rate has dropped by Rs.270 in the domestic market during the week and has traded at a low in the majority of the sessions. 22-karat gold was priced at Rs.44,296 per 10 grams in Mumbai and 24-karat gold was priced at Rs.49,046 per 10 grams.

      With the dollar trading higher at 90.99, increasing by 0.19%, the bullion market took a hit. Silver prices also declined by Rs.368 to Rs.62,232 per kg compared to its previous closing price.

      15 December 2020

    • Silver prices decline by Rs.634; rate of gold declines

      Dropping by Rs.534, gold prices were at Rs.48,652 per 10 grams in Delhi with the metal’s global trends showing negative trends as well. In the previous session, the yellow metal had closed at Rs.49,186 per 10 grams. Silver prices declined by Rs.628 to Rs.62,711 per kg compared to Rs.63,339 per kg in the previous session.

      In the international market, the price of gold was $1,835 per ounce and silver was priced flat at $23.84 per ounce.

      11 December 2020

    • Gold prices record marginal incline; silver prices decline

      Gold prices on 7 December increased marginally by Rs.10 to Rs.49,340 per 10 grams from Rs.49,330 per 10 grams in its previous session. The price of both 22-karat gold and 24-karat gold saw a price increase by Rs.10.

      In New Delhi, the price of 24-karat gold was Rs.52,650 per 10 grams and 22-karat gold was priced at Rs.48,060 per 10 grams. In Mumbai and Chennai, 24-karat gold was Rs.49,340 per 10 grams and Rs.50,760 per 10 grams respectively.

      On the Multi Commodity Exchange, gold futures dipped by 0.19% to Rs.49,209 per 10 grams. Silver prices dipped to Rs.63,900 per kg from its previous closing price of Rs.64,010 per kg, declining by Rs.110. On the MCX, silver futures for December Rs.63,848 per kg.

      07 December 2020

    • Gold rates increase by Rs.675 and silver prices increase by Rs.1,280

      Gold rates had risen by Rs.675 and reached Rs.48,169 per 10 gram. This reflected the gains in global precious gold prices. During the previous trade, gold had closed at Rs.47,494 per 10 gram. Silver prices had risen by Rs.1,280 and reached Rs.62,496 per kg.

      04 December 2020

    • Increase in gold and silver prices in December after a crash in November

      The price of gold increased after dipping to over Rs.2,800 per 10 gram in November while the prices of silver increased by over 1%. Gold prices in India in December started on a firm note after a fall of approximately 6% in November. On the Multi Commodity Exchange, gold February futures traded at Rs. 172 which was 0.36% more at Rs.48,090 per 10 gram. The silver March futures traded at Rs.60,955 per kg which an increase of Rs.733 or 1.22%.

      02 December 2020

    • Gold rate increases; silver prices see a dip

      The price of gold increased marginally by Rs.57 to Rs.49,767 per 10 grams in New Delhi after closing at Rs.49,710 per 10 grams in the previous session.

      However, gold prices recorded a decline of Rs.185 from Rs.61,536 per kg to Rs.61,351 per kg. In the international market, gold was trading at $1,870.10 per ounce after it dropped by less than 1%. Spot gold in the international market was trading at $1,866.96 per ounce after dropping by 0.22%.

      Due to the lockdown being implemented in Europe and Canada, risk appetite amongst investors was lower due to which the price of the metal was trading higher.

      30 November 2020

    • Gold and silver trade with negative bias

      Gold and silver have traded with a negative bias and the focus has shifted to the equity markets. On the MCX, the gold futures for December had been trading at Rs.48,755 (up by 0.4%). Many experts have suggested buying gold futures at Rs.49,000.

      27 November 2020

    • Gold price drops by Rs.1,900, touches Rs.48,850; Silver up Rs.50

      The rate of 24-carat gold on Friday dropped by Rs.1,900, from Rs.50,750 per 10 gram to Rs.48,850 per 10 gram. The price of 22-carat gold price stands currently at Rs.47,850 per 10 gram.

      In Delhi and Mumbai, the price of 24-carat gold Rs.51,990 per 10 gram and Rs.48,850 per 10 gram, while the prices of 22-carat gold is recorded to be at Rs.47,660 per 10 gram and Rs.47,850 per 10 gram. In Chennai, 22-carat and 24-carat gold rates are Rs.46,130 per 10 gram and Rs.50,310 per 10 gram, respectively.

      In Kolkata and Bangalore, the prices of 22-carat gold are Rs.50,090 per 10 gram and Rs.45,610 per 10 gram, while 24-carat gold is recorded to be at Rs.52,490 per 10 gram and Rs.49,760 per 10 gram.

      26 November 2020

    • Gold slumps for 2nd consecutive day, no change in silver price today

      the price of gold dropped for second consecutive day to come down Rs.5 per 1 gram, for 22-carat quality, costing Rs 4,975 for each gram. The drop in price was similar for 24-carat quality, costing Rs.5,075 per gram.

      The 10-gram of 22-carat quality gold, was recorded to be at Rs.49,750, and for 24-carat gold, the price was Rs.50,750.

      The prices of silver metal remained unchanged in India recorded to be Rs.600 per 10 gram.

      25 November 2020

    • Gold price falls again, silver rate down as well

      Prices of gold and silver dropped on Tuesday in Indian market as their weak trend continued. December gold futures slipped Rs.450 or 0.9% to Rs.49,051 per 10 gram and silver futures dropped 0.9% or Rs.550 to Rs.59,980 per kg on Multi Commodity Exchange (MCX). Prices of the yellow metal had slipped Rs.750 or 1.5% per 10 gram and silver fell Rs.1,628 or 2.6% per kg in the previous session.

      Spot gold dropped 0.6% to $1,824.91 per ounce. It had dropped as much as 2.2% on Monday to hit a four-month low. US gold futures fell 0.8% at $1,823.90. Silver slumped about 1% to $23.35 an ounce.

      24 November 2020

    • Gold and silver prices show a declining trend during the week

      Spot gold prices showed a negative trend throughout the week as investors kept a lookout for the announcements regarding the vaccine for COVID-19 which dipped the demand for the precious metal.

      After Pfizer and BioNTech expressed that their COVID-19 vaccine was found to be 95% effective in their final Phase-3 trials, risk appetite was at its peak amongst investors. Gold prices had marginally increased to Rs.50,114 per 10 grams in Delhi, showing an incline of Rs.3. The metal had previously closed at Rs.50,111 per 10 grams.

      Silver prices also increased by Rs.451 from Rs.61,572 per kg to Rs.62,023 per kg. The rise in prices was majorly due to the rupee depreciation. In the international market, gold prices were higher at $1,877 per ounce and silver was trading at $24.20 per ounce.

      22 November 2020

    • Value of silver dips by Rs.532; gold prices dip

      Gold prices dipped by Rs.357 to Rs.50,253 per 10 grams in Delhi. The metal had previously closed at Rs.50,610 per 10 grams and the fall in price was due to the appreciating value of the rupee against the dollar.

      Silver prices, as well, followed suit and dipped by Rs.532 to Rs.62,639 per kg compared to its previous closing price of Rs.63,171 per kg. Gold prices also dipped due to a mute demand in the market as hopes of a COVID-19 vaccine increased risk appetite amongst investors.

      In the international market, gold prices were at $1,882 per ounce and silver prices were trading at $24.57 per ounce.

      18 November 2020

    • Silver rates stable in the national capital on 16 November 2020

      Silver prices were stable in the national capital on 16 November 2020 and were at Rs.63,600 for a kg. Silver futures prices for the month of December on MCX were at Rs.63,608 per kg. The prices of gold increased by Rs.10 and were at Rs.50,960 for 10 grams. The prices of the yellow metal vary in India and depend on the making charges, state taxes, and excise duty. Gold futures prices for the month of December on MCX jumped and were at Rs.50,992 for 10 grams.

      16 November 2020

    • Gold jewellery demand falls, silver prices fly high

      Although people gathered in crowds to buy gold and silver jewellery for Dhanteras, jewellers said that the response had been limited to just 60% when they compared it to the previous years. The price of 22 carat gold had dipped by more than Rs.2,000 and reached Rs.48,900 for 10 grams.

      14 November 2020

    • Gold prices drop substantially; silver follows suit

      Gold and silver prices fell substantially on 10 November 2020 after Pfizer said that the experimental vaccine for COVID-19 which is 90% effective in preventing the disease. In New Delhi, the price of gold dipped by Rs.662 to Rs.50,338 per 10 grams. Silver prices also fell by Rs.1,431 per kg to Rs.62,217 per kg compared to its previous close of Rs.63,648 per kg.

      The price of gold may be corrected after the buying may increase due to the festival time of Diwali and Dhanteras, according to Tapan Patel, HDFC Securities Senior Analyst (Commodities).

      In the international market, gold prices were trading at $1,886 per ounce and silver prices were trading flat at $24.31 per ounce.

      13 November 2020

    • Silver prices fall in India on 11 November ahead of the Dhanteras 2020

      Due to a weak global trend, the prices of silver fell in India on 11 November 2020. Silver futures prices fell by 0.35% and were at Rs.62,832 per kg. Dhanteras is considered as a good time to buy gold and falls on 13 November 2020. Like silver, gold prices fell in India as well on 11 November 2020. Gold futures prices for the month of December on MCX fell by 0.15% and were at Rs.50,425 for 10 grams. On 9 November 2020, gold rates fell by Rs.2,500 for 10 grams.

      12 November 2020

    • Gold rises marginally, silver gains Rs.451

      Price of gold saw a muted trend in New Delhi on Wednesday, as it grew marginally by Rs.3 to Rs.50,114 per 10 gram amid choppy global prices. The precious metal had ended at Rs.50,111 per 10 gram in the previous day.

      Price of silver grew Rs.451 to Rs.62,023 per kilogram from Rs.61,572 per kilogram in the previous trade.

      In the international market, gold was trading marginally higher at USD 1,877 per ounce, while silver was quoted flat at USD 24.20 per ounce.

      11 November 2020

    • Silver prices dip; the rate of gold increases in the national market

      The price of gold increased marginally by Rs.10 at Rs.51,190 per 10 grams for 22-karat gold and Rs.52,190 per 10 grams for 24-karat gold. The rise in the price of Rs.10 was seen in both the qualities of gold. However, the price of 22-karat gold in Delhi is marginally lesser than the national trend.

      In Kolkata, the price of gold increased by Rs.10 for 22-karat and 24-karat gold. The price of 22-karat gold was Rs.49,510 per 10 grams and Rs.52,710 per 10 grams for 24-karat gold.

      Silver showed a marginal decline in its prices in the national market at Rs.65,400 per kg in different cities such as Bengaluru, Mumbai and Delhi. The price of silver in Chennai is higher than most of the other cities at Rs.70,000 per kg.

      10 November 2020

    • Silver futures increase by 1.22% to cross the Rs.65,00 per kg mark

      Silver prices increased in the market on 6 November to Rs.65,039 per kg as investors showed increased interest in the white metal. The metal’s value increased after the U.S. dollar showed a weak trend in the market.

      The price of the metal had increased by 5.4% on COMEX and its value increased on the support of gold prices in the country after the central bank had proposed another stimulus package for economic recovery.

      In the futures market, silver prices for December delivery hit an intraday high of Rs.65,427 per kg on the Multi Commodity Exchange and an intraday low of Rs.64,024 per kg. The white metal increased by Rs.786 for December contracts and was priced at Rs.65,039 per kg for a turnover of 14,556 lots.

      For a turnover of 2,243 lots, the metal’s contracts for March increased by Rs.774 to Rs.66,729 per kg.

      08 November 2020

    • Gold rate crosses Rs.51,000 per 10 grams; silver prices at Rs.62,400 per kg

      In India, gold prices crossed the psychological level of Rs.51,000 per 10 grams on 5 November 2020. Gold futures for October delivery increased by Rs.530 at Rs.51,350 per 10 grams after closing the previous session at Rs.50,820 per 10 grams.

      Silver futures for September also increased by more than Rs.1,000 to Rs.62,445 per kg after hitting its intraday low of Rs.62,711 per kg.

      Spot gold in the international market increased marginally by 0.3% to $1,909.41 per ounce and U.S. gold futures increased by 0.7% to $1,909.80 per ounce.

      06 November 2020

    • Gold prices trading above the Rs.50,000 per 10-gram range; silver prices at Rs.61,650 per kg

      Gold prices have been trading below the psychological level of Rs.50,000 per 10 grams due to the uncertainty on the developments of the U.S. Presidential election along with the rise in COVID-19 cases all over the world.

      On the Multi Commodity Exchange, gold futures for October delivery dipped by Rs.170 and was at Rs.50,898 per 10 grams. Silver September futures were trading lower by Rs.350 at Rs.61,670 per kg after trading at an intraday low of Rs.61,612 per kg.

      Comex gold was trading flat at $1,890.40 per ounce and the U.S. gold futures were holding steady at $1,892.00 per ounce. Spot gold prices were down by 0.1% at $1,892.52 per ounce. Silver prices remained steady at $24.03 per ounce.

      05 November 2020

    • Gold and silver prices increase amidst depreciation of Indian Rupee

      In India, the gold and silver rates had seen an increase and this was supported by strong international trends. The depreciation of the Indian Rupee also had a huge role to play in the increase in the prices. Gold traded higher by Rs.103 and reached Rs.51,286 per 10 gram. Silver prices had increased by Rs.793 and reached Rs.62,155 per kilogram.

      04 November 2020

    • Gold price shows an incline; silver rates rise

      Gold futures for December increased in on 2 November with a positive trend seen in the international market. Silver prices as well, increased by 1% after recording declines in the previous week. On the Multi Commodity Exchange, gold contracts for December increased by 0.09% at Rs.50,745 per 10 grams. Silver futures were trading at a rise of 1.1% at Rs.61,580 per kg.

      In the previous week, the precious metals had recorded declines as the value of the dollar recovered in the market. Gold prices had dipped by 1.33% to $1,878.70 per ounce and silver dipped by almost 4% and was priced at $23.71 per ounce.

      03 November 2020

    • Gold trends at Rs.51,940 per 10 gm, silver priced at Rs.60,100 per kg

      In New Delhi, 22-carat gold prices dipped to Rs.49,210 for 10 gm. In Chennai, the prices of 22-carat gold dipped to Rs.47,610 while for 24-carat gold it was Rs.51,940 for 10 gm. The price of gold in Mumbai was Rs.49,960. On Friday, the price of gold per 10 grams dropped from Rs.52,670 to Rs.51,940. The price of silver for one kilogram was Rs.60,100. On the Multi Commodity Exchange (MCX) of India, the gold futures of December dipped by 0.83% to Rs.50,700 for 10 grams. The December silver futures were priced at Rs.60,920 per kg. In the international market, gold gained $1,873 per ounce while silver remained flat at $23.32 per ounce.

      02 November 2020

    • Silver prices reduce in India due to weak demand in the global markets

      Due to a fall in global rates, the prices of silver reduced in India as well on 29 October 2020. In Delhi, silver prices fell by Rs.1,277 and were at Rs.60,098 for a kg. In the previous session, the prices of the white metal closed at Rs.61,375 for a kg. Silver futures prices fell by 0.06% and were at Rs.60,100 for a kg. In the previous session, the prices of the white metal fell by 3.3% or Rs.2,080 for a kg. Like silver, the prices of the yellow metal also fell on 29 October. Gold prices fell by Rs.121 and were at Rs.50,630 for 10 grams. In the previous session, the prices of gold were at Rs.50,751 for 10 grams.

      30 October 2020

    • Silver prices fall by Rs.1,277 for a kg in India on 29 October

      In Delhi, the prices of silver declined by Rs.1,277 on 29 October 2020 and were at Rs.60,098 for a kg. In the last session, the prices of the white metal closed at Rs.61,375 for a kg. In the global markets, silver rates traded flat and were at $23.30 for an ounce. Similar to silver, gold prices fell by Rs.121 and were at Rs.50,630 for 10 grams. In the previous trade, the prices of the yellow metal closed at Rs.50,751 for 10 grams. In the global markets, gold prices increased slightly and were at $1,878 for an ounce. According to a Senior Analyst from HDFC Securities, the prices of gold fell in India because of a strong dollar.

      29 October 2020

    • Silver prices plunge in India on 26 October 2020

      On 27 October 2020, silver prices increased by Rs.620 in India and are at Rs.62,000 for a kg. Like silver, gold prices increased across the major cities in India as well on 27 October. In the national capital, the prices of 22-carat and 24-carat gold are at Rs.49,410 and Rs.52,900 for 10 grams, respectively. The prices of 22-carat gold and 24-carat gold in Kolkata are at Rs.49,960 and Rs.51,510 for 10 grams, respectively. In Chennai, the prices of 22-carat gold and 24-carat gold are at Rs.47,240 and Rs.51.240 for 10 grams, respectively.

      27 October 2020

    • Silver prices plunge in India on 26 October 2020

      Silver rates fell in India on 26 October due to a strong US dollar and the stimulus package announced by the US. Silver futures prices fell by 1.12% and were at Rs.61,749 for a kg. In the previous session, silver prices fell by 0.3%. In the international markets, the prices of silver fell by 0.5% and were at $24.45 for an ounce. Like silver, gold futures prices for the month of December also fell and were at Rs.50,679 for 10 grams. In the last session, the prices of the yellow metal fell by 0.2%. In the international markets, spot gold prices fell by 0.1% and were at $1,899.41 for an ounce.

      27 October 2020

    • Silver prices increase slightly in India on 27 October 2020

      Silver rates fell in India on 26 October due to a strong US dollar and the stimulus package announced by the US. Silver futures prices fell by 1.12% and were at Rs.61,749 for a kg. In the previous session, silver prices fell by 0.3%. In the international markets, the prices of silver fell by 0.5% and were at $24.45 for an ounce. Like silver, gold futures prices for the month of December also fell and were at Rs.50,679 for 10 grams. In the last session, the prices of the yellow metal fell by 0.2%. In the international markets, spot gold prices fell by 0.1% and were at $1,899.41 for an ounce.

      26 October 2020

    • Gold witnesses decrease in price, and silver rates dip

      During the festive season, the rates of gold had seen a decreased by a small margin (Rs.2 per gram). The precious metal which has been considered as an investment by many has made its way to cross Rs.50,000. The rate of the metal had dipped by Rs.20 per 10 grams for all qualities of gold. The 22-carat gold was being sold at Rs.50,100 and 24-carat gold was sold at Rs.51,100.

      Gold prices on 22 October 2020 increased by Rs.512 after it recorded a decline in its previous session. Priced at Rs.51,415 per 10 grams, the metal’s prices increased after a positive trend in the international market and the appreciating value of the rupee.

      The precious metal had previously closed at Rs.50,903 per 10 grams. Following suit, silver prices also inclined by more than Rs.1,000 to Rs.64,015 per kg compared to its previous closing price of Rs.62,567 per kg.

      In the international market, gold prices increased to $1,921 per ounce and silver prices increased marginally to $25.10 per ounce.

      23 October 2020

    • Silver and gold rate jumps after the previous session's declines

      Gold prices on 22 October 2020 increased by Rs.512 after it recorded a decline in its previous session. Priced at Rs.51,415 per 10 grams, the metal’s prices increased after a positive trend in the international market and the appreciating value of the rupee.

      The precious metal had previously closed at Rs.50,903 per 10 grams. Following suit, silver prices also inclined by more than Rs.1,000 to Rs.64,015 per kg compared to its previous closing price of Rs.62,567 per kg.

      In the international market, gold prices increased to $1,921 per ounce and silver prices increased marginally to $25.10 per ounce.

      22 October 2020

    • Gold and silver rates see a drop in the country

      After a marginal incline in the price of gold and a rise in silver during the previous session, gold prices dipped in the country by Rs.280 as 22-karat gold is priced at Rs.49,640 per 10 grams and Rs.50,640 per 10 grams for 24-karat gold.

      Gold prices dipped by Rs.390 in Hyderabad after it was affected by the floods and consecutive days of heavy rain. The price of the metal in the city was Rs.46,700 per 10 grams for 22-karat gold. 24-karat gold prices dipped by more than Rs.700 to Rs.50,950 per 10 grams.

      Silver prices decreased by Rs.620 to be priced at Rs.62,000 per kg across different cities in the country. In the international market, the price of gold was trading at $1,918.90 per ounce.

      20 October 2020

    • Silver and gold prices see significant inclines due to international trends

      Gold prices increased by Rs.182 in the previous session on 19 October 2020 to Rs.51,740 per 10 grams in New Delhi. The rise in the price of the metal was majorly due to the gain of the metal’s value in the international market. The gold rate had previously closed at Rs.51,558 per 10 grams.

      The silver rate also increased by Rs.805 to Rs.63,714 per kg when compared to Rs.62,909 per kg which was its previous closing price.

      In the international market, gold prices had increased to $1,909 per ounce and silver prices also saw gains at $24.64 per ounce.

      19 October 2020

    • Gold prices decline; silver rate falls due to mute international trends

      Gold prices in India along with silver prices decreased after a muted trend was seen in the international market. On the Multi Commodity Exchange, gold futures for December delivery dipped for the second day by 0.22% to Rs.50,437 per 10 grams. Silver futures dropped by 0.7% to Rs.61,250 per kg.

      In the previous session, gold prices had dipped by 0.3% and silver prices had increased by 0.2%. In the international market, gold rates were above the $1,900 per ounce levels as investors awaited on the decision for another stimulus package to be released before the elections. Spot gold was priced at $,1900.21 per ounce and silver was trading at $24.20 per ounce.

      The recovery of the U.S. dollar in the market has affected the demand and the price of silver and gold after the precious metals had hit all-time highs at the beginning of August.

      18 October 2020

    • Silver futures prices fall by Rs.680 in India on 13 October 2020

      Silver futures prices for the month of October fell by Rs.680 on 13 October and were at Rs.62,417 for a kg. In the previous session, the prices of the white metal closed at Rs.6,098 for a kg. In the international markets, the prices of silver fell by 1.5% and closed at $24.73 for an ounce. Gold prices fell in India as well on 13 October after increasing for three days in a row. So far in 2020, the prices of gold have increased by 26%. The main reason for the increase in the prices was the coronavirus outbreak and the subsequent lockdown across the world.

      14 October 2020

    • Silver prices fall by more than 1%; gold prices plummet

      In India, gold futures for December was trading below the Rs.51,000 per 10 grams due to a mute trend in the international market. Gold contracts for December on the Multi Commodity Exchange traded lower by 0.60% to Rs.50,800 per 10 grams. Silver futures for December also traded lower by 1.3% to Rs.62,221 per kg.

      In the international market, gold prices settled at $1,928.90 per ounce and silver prices showed a weaker trend and were at $25.27 per ounce. Both the metals were trading positive due to the weaker trend of the rupee. However, with the rising value of the dollar in the international market, the value of the precious metals decreased.

      13 October 2020

    • Silver futures prices increase in India on 12 October 2020

      Silver futures prices on MCX gained by around 1.0% and were at Rs.63,734 for a kg. In the international markets, the prices of silver gained by 0.27% and were at $23.80 for an ounce. Spot gold prices increased in India as well. Spot gold prices increased by 0.14% and were at Rs.50,560 for 10 grams. In the international markets, the prices of spot gold fell by 0.37% and were at $1892.70 for an ounce. Gold futures prices on MCX remained stable in India on 12 October 2020 and were at Rs.51,087 for 10 grams.

      12 October 2020

    • Silver price cross the mark of Rs.60,000 per kg

      The silver rate slipped below the mark of Rs.60,000 today. Silver September futures traded at Rs.60,608 per kg today after recording an increase of Rs.160. It must be noted here that the futures of the white metal had hit the lifetime high of Rs.77,949 on 7th August this year. In the international market, the price of silver slipped by 0.3 percent and was trading at $23.78 per ounce.

      The price of gold steadied and traded above the key psychological level of Rs 50,000 given a flat trend was recorded in the overseas market. In the Multi Commodity Exchange (MCX), Gold October futures was trading at Rs.50,114 for every 10 grams. While Comex gold was trading flat at $1,883 per ounce, US gold futures recorded a drop of 0.22 percent and was trading at $1,887 per ounce. Spot gold was trading at $1,884.64 per ounce.

      9 October 2020

    • Silver futures prices fall in India on 7 October due to low demand

      On 7 October 2020, silver futures prices in India fell by Rs.546 and were at Rs.60,025 for a kg. The main reason for the reduction in prices was a low demand. Silver futures prices for the month of December on MCX fell by 0.9% or Rs.546 and were at Rs.60,025 per kg. The fall in the prices was over a business turnover of 16,404 lots. In New York, silver prices reduced by 0.51% and were at $23.80 for an ounce. Silver prices have been reduced in India after hitting record highs in the month of August.

      8 October 2020

    • Price of Gold and Silver today

      The price of gold on Wednesday rose following the global rates. On MCX, the gold rates fell by Rs.570 to Rs.52,250 while the prices of silver are at Rs.62,000.

      In Delhi, the price of 22-carat gold rose by Rs.500 to Rs.49,400 per 10 gm and that of 24-carat gold remained stable at Rs.53,350. The price of gold in Chennai was at Rs.48,450 for 22-carat gold and that of 24-carat is at Rs.52,850.

      The rate of gold in Kolkata is at Rs.49,920 for 10-grams of 22-carat with and the rate of 10 grams of 24-carat is at Rs. 52,830. In Mumbai, the price of 22-carat gold was recorded at Rs.49,420 and Rs.50,420 for 24-carat.

      7 October 2020

    • Silver rates record a decline; gold prices fall marginally due to a strong dollar

      Gold prices in the Indian market dipped on 31 October 2020 due to a weak global trend amidst the rise in the U.S. dollar value. On the Multi Commodity Exchange, gold futures for October dipped by Rs.177 to Rs.50,450 per 10 grams after it hit an intraday low of Rs.50,350 per 10 grams.

      Silver futures for September were trading at Rs.61,255 per kg, declining by Rs.1,210 after hitting an intraday low of Rs.61,020 per kg. In the international market, spot gold dropped by 0.5% to $1,889.66 per ounce. The metal, in its previous session, had hit a one-week high at $1,899.12 per ounce.

      U.S. gold futures declined by 0.4% to $1,895.40 per ounce and COMEX gold was trading at $1,890 per ounce, down by 0.20%. Silver prices in the international market were trading at $23.91 per ounce, down by 1.1%.

      1 October 2020

    • Silver prices reduce in India on 30 September 2020

      Silver prices in India fell by Rs.1,146 or 1.83% and are at Rs.61.320 for a kg. Gold futures prices for the month of October on MCX remained unchanged and are at Rs.50,681 for 10 grams. In the global markets, the prices of gold reduced as investors were waiting for details on the US Presidential debate. Spot gold prices fell by 0.1% and are at $1,896.03 for an ounce. Gold futures prices in the US fell by 0.1% as well and were at $1,889.70 for an ounce. The demand for gold in India has seen an increase over the last few days.

      30 September 2020

    • Price of gold and silver falls

      Prices of gold and silver have fallen following last week’s trend. According to a report by IBJA, the price of yellow metal fell by Rs.397 per 10 gram as on September 28 as compared to the opening rates on September 25. Meanwhile, the price of silver dropped by Rs.1,571 per kg.

      On MCX, gold futures dropped by 0.4% to Rs.49,460 per 10 gram and silver fell by 1% to Rs.58,473 per kg.

      In the previous week the price of gold had dropped by around Rs.2,000 per gram while silver had fallen by Rs.9,000 per kg.

      This fall in the gold prices is due to the recovery of the US dollar. This trend came into effect when investors decided to wait as the US government prepares for its next stimulus.

      However, the rising case of coronavirus in Europe has significantly raised anxiety in global markets. With no concrete news on Covid-19 vaccines, the market seems to plummet and will be the case in days to come.

      28 September 2020

    • Crash in gold and silver prices

      Gold and silver prices decreased for the third day in a row. Compared to last month’s highest price of Rs.56,200, this month gold is approximately Rs.6,000 lesser for every 10 grams. Reasons for the crash in prices of gold are many, ranging from the US dollar holding steady to the uncertainty over stimulus packages by the US Federal Reserve. The US dollar is currently holding high for 8 weeks in a row compared to other currencies. Globally, prices of gold were on a six-week low. Spot gold fell to 1% and was at $1880.46 per ounce. This was due to the coronavirus pandemic continuing its spread across Europe and investors growing wary around the US Federal Reserve’s stimulus packages. Silver also fell to $23.25 per ounce, 4.8% less, which is a two-month low with previous session prices being $23.04. The holdings for Exchange Traded Funds (EFTs) in the largest gold-backed ETF in the world, SDPR Gold Trust, fell to 1,278.23 tonnes, which was a decrease of 0.05%.

      On the MCX, gold futures were priced at Rs.49,764 per 10 gram, which was down 1.2%. Silver future prices were Rs.58,851 per kg, which was a drop of 4%. In the previous session, gold prices fell by Rs.100, extending the Rs.1,200 drop of 21 September 2020 while silver also dipped on 22 September 2020, adding to the loss on the previous day of Rs.6,000.

      25 September 2020

    • Gold and silver rates witness major changes due to a rise in the dollar index

      The price of gold saw a major change on 22 September due to a declining trend of the metal in the international market. 24-karat gold was priced at an average of Rs.50,765 per 10 grams according to sources. The value of 22-karat gold dipped by Rs.865 to Rs.48,715 per 10 grams.

      On 21 September, the value of the metal dipped by 3% and due to heavy selling in the equities market, the demand for gold dipped. The dollar index rose in the international market as well. Silver prices were down by more than Rs.1,000 to Rs.60,060 per kg.

      In the international market, gold prices on the COMEX market were trading between $1,890 and $1,910 per ounce.

      23 September 2020

    • Silver prices fall by Rs.6,000 for a kg on 21 September

      Following a sell-off in the international markets, the prices of silver crashed in India on 21 September 2020. Silver futures prices fell by Rs.6,000 and were at Rs.61,802 for a kg. In the previous session, silver prices fell by 0.2%. Gold prices were reduced in the country as well. Gold futures prices on MCX fell by Rs.1,500 and were at Rs.50,300 per 10 grams. In the previous session, gold prices gained by 0.52%. After hitting record highs of Rs.56,000 in August, gold prices have reduced in India. In the international markets, spot gold prices fell and are below $1,900 for an ounce. A strong dollar ensured that the prices of gold fell.

      21 September 2020

    • Silver price drops by Rs.945

      On Monday, the silver rate recorded a drop of Rs.945. The decline in the rates was accounted to a weak global trend and rupee appreciation. The white metal was trading at Rs.68,289 per kilogram. In the international market, silver was quoted at $26.50 per ounce.

      Gold rates also declined and was trading at Rs.52,423 for every 10 grams in the national capital. When compared to the price recorded in the previous trade, the price was down by Rs.326. In the global market, the yellow metal was trading at $1,940 per ounce.

      21 September 2020

    • Gold prices witness a rise after a sharp fall while silver rates climb up

      After witnessing a sharp fall in the previous session, both gold and silver prices in India have climbed up higher. On MCX, the gold futures climbed up by 0.7% to Rs.51,670 per 10 grams. Silver futures climbed up by 0.8% and now stands at Rs.68,500 per kg.

      In the previous session, the gold futures had dropped 1% which rounded out to about Rs.500. Silver, on the other hand, had dropped by around 1.5% which rounded up to Rs.1,050 per kg. Gold is now trading in range after it had hit a record high of Rs.56,200.

      16 September 2020

    • Silver prices decline in India on 16 September 2020

      Silver prices in the national capital fell by Rs.517 and were at Rs.70,553 for a kg. In the previous session, the prices of the white metal were at Rs.71,070 for a kg. In the international markets, the prices of silver were flat and were at $27.40 for an ounce. Like silver, the prices of gold were reduced in the national capital as well. Gold prices were reduced by Rs.137 and were at Rs.53,030 for 10 grams. In the previous session, gold prices closed at Rs.53,167 for 10 grams. In the international markets, the prices of gold increased and were at $1,967.7 for an ounce.

      16 September 2020

    • Gold futures increase to Rs.51,752, and silver reaches Rs.69,000

      The domestic gold and silver futures had rebounded as the U.S. dollar had halted the gains, and had made the metals cheaper for all dealing in other currencies. Multi Commodity Exchange (MCX) gold futures had increased by Rs.350/0.68% and stood at Rs.51,752, and silver futures had settled at Rs.69,005 and was up by 0.82%. The gold and silver contracts had increased to Rs.51,851 and Rs.69,768. In the international market, gold gained 1.04 per cent to $1,975.20 per ounce at the strongest level recorded as the U.S. dollar retreated on weaker-than-expected US jobs data and as the European Central Bank had kept the policy unchanged. Silver had increased 2.51% to $27.76 per ounce.

      14 September 2020

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

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