Silver Rate Today

Silver Price In Indian Cities
City Silver (1 gram) Bar Silver (1 Kg)
AGRA ₹ 40.5 ₹ 40,500
AHMEDABAD ₹ 40.5 ₹ 40,500
ALIGARH ₹ 40.5 ₹ 40,500
ALLAHABAD ₹ 40.5 ₹ 40,500
AMBALA ₹ 40.5 ₹ 40,500
AMRAVATI ₹ 40.5 ₹ 40,500
AURANGABAD ₹ 40.5 ₹ 40,500
BANGALORE ₹ 40.5 ₹ 40,500
BAREILLY ₹ 40.5 ₹ 40,500
BELGAUM ₹ 40.5 ₹ 40,500
BELLARY ₹ 40.5 ₹ 40,500
BHILAI ₹ 40.5 ₹ 40,500
BHOPAL ₹ 40.5 ₹ 40,500
BHUBANESHWAR ₹ 40.5 ₹ 40,500
CHANDIGARH ₹ 40.5 ₹ 40,500
CHENNAI ₹ 40.5 ₹ 40,500
COIMBATORE ₹ 40.5 ₹ 40,500
CUTTACK ₹ 40.5 ₹ 40,500
DEHRADUN ₹ 40.5 ₹ 40,500
DELHI ₹ 40.5 ₹ 40,500
DINDIGUL ₹ 40.5 ₹ 40,500
ERODE ₹ 40.5 ₹ 40,500
FARIDABAD ₹ 40.5 ₹ 40,500
GHAZIABAD ₹ 40.5 ₹ 40,500
GULBARGA ₹ 40.5 ₹ 40,500
GUNTUR ₹ 40.5 ₹ 40,500
GURGAON ₹ 40.5 ₹ 40,500
GUWAHATI ₹ 40.5 ₹ 40,500
HALDWANI ₹ 40.5 ₹ 40,500
HISAR ₹ 40.5 ₹ 40,500
HOSUR ₹ 40.5 ₹ 40,500
HYDERABAD ₹ 40.5 ₹ 40,500
INDORE ₹ 40.5 ₹ 40,500
JABALPUR ₹ 40.5 ₹ 40,500
JAIPUR ₹ 40.5 ₹ 40,500
JALGAON ₹ 40.5 ₹ 40,500
JAMMU ₹ 40.5 ₹ 40,500
JAMNAGAR ₹ 40.5 ₹ 40,500
JAMSHEDPUR ₹ 40.5 ₹ 40,500
JODHPUR ₹ 40.5 ₹ 40,500
KAKINADA ₹ 40.5 ₹ 40,500
KANNUR ₹ 40.5 ₹ 40,500
KANPUR ₹ 40.5 ₹ 40,500
KARNAL ₹ 40.5 ₹ 40,500
KARUR ₹ 40.5 ₹ 40,500
KOCHI ₹ 40.5 ₹ 40,500
KOLHAPUR ₹ 40.5 ₹ 40,500
KOLKATA ₹ 40.5 ₹ 40,500
KOTA ₹ 40.5 ₹ 40,500
KOZHIKODE ₹ 40.5 ₹ 40,500
KURNOOL ₹ 40.5 ₹ 40,500
LUCKNOW ₹ 40.5 ₹ 40,500
LUDHIANA ₹ 40.5 ₹ 40,500
MADURAI ₹ 40.5 ₹ 40,500
MALAPPURAM ₹ 40.5 ₹ 40,500
MANGALORE ₹ 40.5 ₹ 40,500
MEERUT ₹ 40.5 ₹ 40,500
MUMBAI ₹ 40.5 ₹ 40,500
MYSORE ₹ 40.5 ₹ 40,500
NAGERCOIL ₹ 40.5 ₹ 40,500
NAGPUR ₹ 40.5 ₹ 40,500
NANDED ₹ 40.5 ₹ 40,500
NASIK ₹ 40.5 ₹ 40,500
NELLORE ₹ 40.5 ₹ 40,500
NOIDA ₹ 40.5 ₹ 40,500
PANAJI ₹ 40.5 ₹ 40,500
PATNA ₹ 40.5 ₹ 40,500
PONDICHERRY ₹ 40.5 ₹ 40,500
PRODDATUR ₹ 40.5 ₹ 40,500
PUNE ₹ 40.5 ₹ 40,500
RAIPUR ₹ 40.5 ₹ 40,500
RAJAHMUNDRY ₹ 40.5 ₹ 40,500
RAJKOT ₹ 40.5 ₹ 40,500
RANCHI ₹ 40.5 ₹ 40,500
RATLAM ₹ 40.5 ₹ 40,500
SALEM ₹ 40.5 ₹ 40,500
SANGLI ₹ 40.5 ₹ 40,500
SHIMLA ₹ 40.5 ₹ 40,500
SHIMOGA ₹ 40.5 ₹ 40,500
SILIGURI ₹ 40.5 ₹ 40,500
SOLAPUR ₹ 40.5 ₹ 40,500
SRINAGAR ₹ 40.5 ₹ 40,500
SURAT ₹ 40.5 ₹ 40,500
THANE ₹ 40.5 ₹ 40,500
THANJAVUR ₹ 40.5 ₹ 40,500
THIRUVANANTHAPURAM ₹ 40.5 ₹ 40,500
THRISSUR ₹ 40.5 ₹ 40,500
TIRUCHIRAPALLI ₹ 40.5 ₹ 40,500
TIRUNELVELI ₹ 40.5 ₹ 40,500
TUTICORIN ₹ 40.5 ₹ 40,500
UDAIPUR ₹ 40.5 ₹ 40,500
UDUPI ₹ 40.5 ₹ 40,500
VADODARA ₹ 40.5 ₹ 40,500
VARANASI ₹ 40.5 ₹ 40,500
VELLORE ₹ 40.5 ₹ 40,500
VIJAYAWADA ₹ 40.5 ₹ 40,500
VISAKHAPATNAM ₹ 40.5 ₹ 40,500
WARANGAL ₹ 40.5 ₹ 40,500

*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.

Silver Rate in India

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

Trend of silver Rate in India for December 2018 (rates per kg)

December 2018 - Week 1 (1 - 9):

Parameters Silver price (per kg)
December 1 Rate Rs.38,500 per kg
December 9 Rate Rs.40,300 per kg
Overall Weekly Performance Incline
  • Silver prices in India rose on steady industrial demand, as volatile markets and a falling dollar made silver more attractive to investors.
  • The metal opened the month trading at Rs.38,500 per kg but rose on higher offtake by local coin makers, trading at Rs.39,600 per kg on 4 December.
  • As investors faced a bleak economic outlook due to falling stock revenues, bullion orders increased and silver prices rose to Rs.40,300 per kg on 9 December to record a Rs.1,800 increase in price.

Trend of Silver Rate in India for November 2018 (rates per kg)

November 2018 - Week 1 (1 - 4):

Parameters Silver price (per kg)
November 1 Rate Rs.40,900 per kg
November 4 Rate Rs.41,500 per kg
Overall Weekly Performance Incline
  • The month began with silver rate in India recorded at Rs.40,900 per kg on the 1st with subdued industrial demand amid the weak trend overseas.
  • However, with the dollar losing considerably ahead of the US payrolls data, demand for the metal surged. This led to silver being priced at Rs.41,500 per kg over the next couple of days.
  • The week concluded with silver trading firm at Rs.41,500 per kg on the 4th owing to steady domestic demand from industrial units and coin makers amid strong global cues.

November 2018 - Week 2 (5 - 11):

Parameters Silver price (per kg)
November 5 Rate Rs.41,400 per kg
November 11 Rate Rs.40,500 per kg
Overall Weekly Performance Decline
  • The second week of trading commenced with silver rate in India holding at Rs.41,400 per kg on the 5th with subdued but steady demand from industrial units and coin manufacturers amid firm overseas trends.
  • Prices dropped to Rs.41,100 per kg on the 8th before plunging further to Rs.40,500 per kg the next day ahead of the US Federal Reserve’s monetary policy review later during the day.
  • Trading concluded for the week with the metal priced at Rs.40,500 per kg on the 11th amid the strong dollar and well-performing stock markets overseas.

November 2018 - Week 3 (12 - 18):

Parameters Silver price (per kg)
November 12 Rate Rs.40,000 per kg
November 18 Rate Rs.40,100 per kg
Overall Weekly Performance Incline
  • Trading in the third week saw silver rate in India open at Rs.40,000 per kg on 12 November on sluggish industrial offtake.
  • A rise in the U.S. dollar rate capped silver gains, as the metal traded at Rs.39,400 per kg on 14 November.
  • Following the Fed’s reiteration of its monetary tightening policy, the U.S. dollar fell and investors looked to bullion to shore up profits, driving silver prices up to Rs.40,000 per kg on 16 November.
  • The end of the week saw silver trade at Rs.40,100 per kg on 18 November as markets fell fearing adverse effects after the release of the Brexit final deal.

Trend of Silver Rate in India for October 2018 (rates per kg)

Parameters Silver price (per kg)
October 1 Rate Rs.41,100 per kg
October 31 Rate Rs.41,200 per kg
Highest Rate in October Rs.42,200 per gram on 15 October
Lowest Rate in October Rs.39,500 per gram on 5 October
Overall Monthly Performance Incline
Percentage Change 0.24%
Graph for Silver Rate (1 gram) in India oct-1 2018
Graph for Silver Rate (1 gram) in India oct-1 2018

October 2018 - Week 1 (1 - 7):

Parameters Silver price (per kg)
October 1 Rate Rs.41,100 per kg
October 7 Rate Rs.41,900 per kg
Overall Weekly Performance Incline
  • After a prolonged period of losses, silver prices rose in the first week of October thanks to a growing demand from local industrial units.
  • Silver opened the week at Rs.41,100 per kg on steady demand from local coin makers in spite of the falling rupee value.
  • Prices rose to Rs.42,000 per kg on 3 October as investors increased bullion offtake ahead of the Federal Reserve meeting and imminent interest rate hikes.
  • Silver prices plunged to Rs.41,500 per kg on 5 October due to a resurgence in the dollar rate after the Federal Reserve raised key interest rates.
  • Fluctuating stock markets led to a greater reliance on safe-haven assets like bullion, which propelled silver rates to Rs.41,900 per kg at the end of the week.

October 2018 - Week 2 (8 - 14):

Parameters Silver price (per kg)
October 8 Rate Rs.41,500 per kg
October 14 Rate Rs.41,500 per kg
Overall Weekly Performance Constant
  • A drop in domestic demand from jewellers and industries caused the silver price in India to dip to Rs.41,500 per kg.
  • The price of the metal plummeted further on 11 October after the dollar rose in value and positive economic trends for the metal was recorded.
  • Week 2 ended with the metal remaining at Rs.41,500 per kg, staying constant in comparison to the price of silver at the start of week 2.

October 2018 - Week 3 (15 - 21):

Parameters Silver price (per kg)
October 15 Rate Rs.41,900 per kg
October 21 Rate Rs.41,500 per kg
Overall Weekly Performance Decline
  • In contrast to prevalent trends, there was a decline in silver prices in India due to poor industrial demand.
  • The week began with silver priced at Rs.41,900 per kg on 15 October but prices declined steadily.
  • The fluctuating rupee and rising demand for ornamental bullion reduced retail silver purchases, as the metal’s value fell to Rs.41,400 per kg on 17 October.
  • Prices rose to Rs.41,700 per kg on 19 October as volatile stock markets and a falling dollar led to a momentary rise in industrial demand.
  • The possibility of an interest rate hike by the Federal Reserve led to a sharp decline in bullion sales as silver prices dropped to Rs.41,500 per kg on 20 October.
  • There was no change in price as the week ended on 21 October, resulting in silver prices falling by Rs.400 per kg during the week.

October 2018 - Week 4 (22 - 28):

Parameters Silver price (per kg)
October 22 Rate Rs.41,500 per kg
October 28 Rate Rs.41,700 per kg
Overall Weekly Performance Incline
  • Silver performed better in trading this week, bolstered by increased industrial offtake from domestic and overseas buyers.
  • The industrial metal opened trading at Rs.41,500 per kg on 22 October and remained unchanged for a few days on static demand.
  • The fluctuating fortunes of the rupee affected silver orders, as coin makers reduced offtake due to rising import costs in spite of the festive season.
  • Prices rose to Rs.41,800 per kg on 25 October as investors looked to bullion as markets were volatile due to geopolitical tensions in the United States.
  • As markets across the world crashed on plummeting technology stocks, silver price also fell to Rs.41,500 per kg on 26 October.
  • There was a marginal rise in price as the week progressed, with silver trading at Rs.41,700 per kg on 28 October.

October 2018 - Week 5 (29-31):

Parameters Silver price (per kg)
October 29 Rate Rs.41,600 per kg
October 31 Rate Rs.41,200 per kg
Overall Weekly Performance Decline
  • Demand for silver was on the decline in the last week of October as local industrial units reduced offtake due to the rising cost of imports and weak overseas trends.
  • The industrial metal opened trading at Rs.41,600 per kg on 29 October, spurred on by string local demand ahead of the festive season.
  • Demand from coin makers kept prices steady before a rally by the dollar resulted in prices dropping to Rs.41,200 per kg on 30 October.
  • Fluctuations across equity markets and the imposition of fresh sanctions on Iran bolstered confidence in the dollar, as silver prices in India remained stagnant at Rs.41,200 per kg on 31 October.

Trend of Silver Rate in India for September 2018 (rates per kg)

Parameters Silver price (per kg)
September 1 Rate Rs.41,400 per kg
September 30 Rate Rs.41,200 per kg
Highest Rate in September Rs.41,400 per gram on 1 September
Lowest Rate in September Rs.39,500 per gram on 5 September
Overall Monthly Performance Decline
Percentage Change -0.48%
Graph for Silver Rate (1 gram) in India August 2018
Graph for Silver Rate (1 gram) in India August 2018

September 2018 - Week 1 (1 - 8):

Parameters Silver price (per kg)
September 1 Rate Rs.40,000 per kg
September 8 Rate Rs.39,700 per kg
Overall Weekly Performance Decline
  • Contrary to trends seen among gold rates, there was a drop in silver prices during the first week of September.
  • Prices rose to Rs.40,100 per gram on 3 September, marking a marginal gain due to the fall in the dollar rate.
  • The strengthening dollar served to cap gains from silver orders, as the industrial metal’s prices continued to drop sharply.
  • Silver fell to Rs.39,500 per kg on 4 September as coin makers reduced demand due to the rising costs associated with import.
  • There was a brief rise in rates as the metal traded at Rs.39,800 per kg on 6 September but fluctuations in demand resulted in prices falling to Rs.39,500 per kg the next day.
  • Prices rose marginally as the week ended on 8 September with silver priced at Rs.39,700 per kg, with overall prices falling over the course of the week.

September 2018 - Week 2 (9 - 14):

Parameters Silver price (per kg)
September 9 Rate Rs.39,700 per kg
September 14 Rate Rs.39,800 per kg
Overall Weekly Performance Incline
  • Silver prices saw a rise in price over the course of the week in India as increased industrial offtake and unstable markets resulted in increased demand for the metal.
  • Silver was priced at Rs.39,700 per kg when trading opened on 9 September, with no change in price from the previous week.
  • The fluctuating dollar rate and fears of a trade war led to industrial units increasing orders due to lower import costs, as the metal traded at Rs.39,800 per kg on 10 September.
  • Silver prices rose to Rs.39,900 per kg on 11 September as U.S. markets reeled from disappointing economic data.
  • Prices fell marginally as the week ended, with silver priced at Rs.39,800 per kg on 14 September.

September 2018 - Week 4 (23 - 30):

Parameters Silver price (per kg)
September 23 Rate Rs.40,300 per kg
September 30 Rate Rs.41,200 per kg
Overall Weekly Performance Incline
  • Silver prices in India saw a positive price trend as favourable market conditions as well as a fluctuating dollar led to rising orders.
  • The week began with silver priced at Rs.40,300 per kg on 23 September after a poor performance in the previous week.
  • Industrial orders were on the increase as the dollar fell on poor investor confidence, as the metal traded at Rs.40,800 per kg on 26 September.
  • The raising of interest rates by the Federal Reserve coupled with better than expected economic data led to a drop in demand for bullion.
  • Silver fell to Rs.40,200 per kg on 28 September due to a sudden fall in industrial orders, but prices recovered as the month ended.
  • A fall in rupee prompted increased export demand for the metal as silver traded at Rs.41,200 per kg on 30 September.

Trend of Silver Rate in India for August 2018 (rates per kg)

Parameters Silver price (per kg)
August 1 Rate Rs.41,400 per kg
August 31 Rate Rs.40,300 per kg
Highest Rate in August Rs.41,400 per kg on 1 August
Lowest Rate in August Rs.39,400 per kg on 16 August
Overall Monthly Performance Decline
Percentage Change -2.65%
Graph for Silver Rate (1 gram) in India July 2018
Graph for Silver Rate (1 gram) in India July 2018

August 2018 - Week 1 (1 - 5):

Parameters Silver price (per kg)
August 1 Rate Rs.41,400 per kg
August 5 Rate Rs.41,300 per kg
Overall Weekly Performance Decline
  • Silver prices were on the decline as industrial offtake was on the decline, with the industria metal opening trade at Rs.41,400 per kg as declining orders affected prices.
  • The positive report on the U.S. economy also bolstered the dollar, as local industrial orders fell sharply due to the increased cost associated with a plunging rupee.
  • There was minimal change in price over the course of the week as demand from coin makers fell as well.
  • The week ended with silver priced at Rs.41,300 per kg on 5 August, to record a Rs.100 loss in value during the week.

August 2018 - Week 2 (6 - 12):

Parameters Silver price (per kg)
August 6 Rate Rs.41,200 per kg
August 12 Rate Rs.41,200 per kg
Overall Weekly Performance Constant
  • Silver prices were on the decline as industrial offtake was on the decline, with the industria metal opening trade at Rs.41,200 per kg as declining orders affected prices.
  • The positive report on the U.S. economy also bolstered the dollar, as local industrial orders fell sharply due to the increased cost associated with a plunging rupee.
  • There was minimal change in price over the course of the week as demand from coin makers fell as well.
  • The week ended with silver priced at Rs.41,200 per kg on 12 August, which was recorded to be a constant trend for the week.

August 2018 - Week 3 (13 - 19):

Parameters Silver price (per kg)
August 13 Rate Rs.41,200 per kg
August 19 Rate Rs.40,000 per kg
Overall Weekly Performance Decline
  • Silver prices were on the decline as industrial offtake was on the decline, with the industria metal opening trade for Week 3 at Rs.41,200 per kg as declining orders affected prices.
  • The positive report on the U.S. economy also bolstered the dollar, as local industrial orders fell sharply due to the increased cost associated with a plunging rupee.
  • There was minimal change in price over the course of the week as demand from coin makers fell as well.
  • The week ended with silver priced at Rs.40,000 per kg on 19 August, which was recorded to be a declining trend for the week.

August 2018 - Week 4 (20 - 26):

Parameters Silver price (per kg)
August 20 Rate Rs.40,000 per kg
August 26 Rate Rs.40,200 per kg
Overall Weekly Performance Incline
  • The week began with silver rate in India holding at Rs.40,000 per kg on the 20th amid firm overseas cues.
  • Prices remained untouched at Rs.40,000 per kg the next day before an incline in industrial demand led to rates surging to Rs.40,100 per kg on the 22nd.
  • However, with the US dollar dominating against a basket of other major currencies, demand dropped considerably and silver rate in India was recorded holding at Rs.39,800 per kg on the 24th.
  • Thanks to an increase in demand from industrial units and coin makers brought about by market speculations, silver price in India rebounded to Rs.40,200 per kg on the 25th and continued trading at the same rate for the remainder of the week.

August 2018 Week 5 (27 - 31):

Parameters Silver price (per kg)
August 27 Rate Rs.40,200 per kg
August 31 Rate Rs.40,300 per kg
Overall Weekly Performance Incline
  • There was a decline in demand for silver in India over the course of the month, with the industrial metal opening the week at Rs.40,200 per kg.
  • The floods in Kerala, as well as other parts of the country, affected industrial production, which resulted in fewer industrial orders for the metal.
  • Silver traded at Rs.40,400 per kg on 28 August as the dollar fell, making imports of the metal cheaper, though demand was still sluggish.
  • Prices fell marginally to Rs.40,300 per kg on 29 August and did not change for the remainder of the week.
  • Sluggish demand and local factors contributed to a low silver price, as the month ended with the metal trading at Rs.40,300 per kg.

Trend of Silver Rate in India for July 2018 (rates per kg)

Parameters Silver price (per kg)
July 1 Rate Rs.42,800 per kg
July 31 Rate Rs.41,400 per kg
Highest Rate in July Rs.42,800 per kg on 1 and 2 July
Lowest Rate in July Rs.41,200 per kg from 27 - 29 July
Overall Monthly Performance Decline
Percentage Change -3.50%
Graph for Silver Rate (1 gram) in India June 2018
Graph for Silver Rate (1 gram) in India June 2018

July 2018 - Week 1 (1 - 7):

Parameters Silver price (per kg)
July 1 Rate Rs.42,800 per kg
July 7 Rate Rs.42,700 per kg
Overall Weekly Performance Decline
  • Silver was priced at Rs.42,800 per kg when the week began in India. This remained the same on the 2nd as demand from industries and coin makers was steady.
  • On the 3rd, silver rate in India went down to Rs.42,400 per kg after due to a strong dollar and weak demand.
  • The 4th saw rates rise up to Rs.42,800 per kg and continue at this rate till the 6th due to sustained demand from local coin makers and industrial units.
  • On the final day of the week, gold rates dropped to Rs.42,700 per kg as demand softened and so did the cues.

July 2018 - Week 2 (8 - 14):

Parameters Silver price (per kg)
July 8 Rate Rs.42,600 per kg
July 14 Rate Rs.42,200 per kg
Overall Weekly Performance Decline
  • Silver trading opened for the week in India with the metal priced at Rs.42,600 per kg on the 8th with strong demand from industries and coin makers amid the firm trend overseas.
  • With the dollar losing against a basket of other apex currencies, demand for the metal surged globally. This led to silver prices surging to Rs.42,900 per kg on the 9th.
  • Rates remained untouched at Rs.42,900 per kg the next day before an incline in the dollar value led to prices dropping to Rs.42,600 per kg on the 11th.
  • With the US threatening the Chinese by imposing additional tariffs on imports, the dollar index rose considerably. This led to prices plummeting to Rs.42,200 per kg on the 12th.
  • Subdued but steady demand from industrial units and coin manufacturers resulted in silver prices in India closing at Rs.42,200 per kg on the last day.

July 2018 - Week 3 (15 - 22):

Parameters Silver price (per kg)
July 8 Rate Rs.42,200 per kg
July 14 Rate Rs.41,700 per kg
Overall Weekly Performance Decline
  • This week began with silver opening at Rs.42,200 per kg, which then rose to Rs.42,300 per kg the next day.
  • As the dollar surged, precious metals became expensive to procure. This caused silver prices in India to plummet, first to Rs.42,100 per kg on the 17th and then to Rs.41,700 per kg on the 18th.
  • Prices fell over the next two days as well, with the metal trading at Rs.41,600 per kg and then at Rs.41,300 per kg over the 20th and 21st respectively.
  • When the week drew to a close, silver prices had inclined slightly to trade at Rs.41,700 per kg.

July 2018 Week 4 (22 - 31):

Parameters Silver price (per kg)
July 22 Rate Rs.41,700 per kg
July 31 Rate Rs.41,400 per kg
Overall Weekly Performance Decline
  • Demand for silver in India was on the wane as the rising dollar made imports more expensive.
  • Silver opened the week at Rs.41,700 per kg, with no change in price from the previous week in spite of fluctuations in the dollar rate.
  • The falling rupee made imports more expensive, which resulted in a steady decline in orders from industrial units and coin makers.
  • Fears of a trade war and increased tariffs led to stock prices falling, but investors stayed away from bullion as silver fell to Rs.41,400 per kg on 24 July.
  • A slight rise in price was recorded on 26 July, when silver rose to Rs.41,700 per kg on increased offtake from Asian industry.
  • Local demand remained poor, as silver fell to Rs.41,200 per kg on 27 July before ending the month at Rs.41,400 per kg.

Trend of Silver Rate in India for June 2018 (rates per kg)

Parameters Silver price (per kg)
June 1 Rate Rs.42,800 per kg
June 30 Rate Rs.42,,800 per kg
Highest Rate in June Rs.45,000 per kg on 15 June
Lowest Rate in June Rs.42,600 per kg from 2 June to 5 June
Overall Monthly Performance No change
Percentage Change 0
Graph for Silver Rate (1 gram) in India May 2018
Graph for Silver Rate (1 gram) in India May 2018

June 2018 - Week 1 (1st - 10th)

  • Silver was priced at Rs.42,800 per kg when trading began in India for the first week of June.
  • This dropped to Rs.42,600 per kg as cues were weak after the US dollar rose ahead of a strong US jobs data.
  • The white metal continued to trade at Rs.42,600 per kg on the 4th and the 5th as well, before rising slightly to Rs.42,900 per kg on the 6th.
  • A slight drop was recorded on the 7th and silver rate in India went down to Rs.42,800 per kg but rose to Rs.43,600 per kg on the 8th.
  • The US President Donald Trump’s tweets about the G7 summit and its failure caused the markets to plummet and silver price in India went up to Rs.43,700 per kg on the 9th.
  • The week ended with gold trading at Rs.43,700 per kg, thanks to a steady local demand.

June 2018- Week 2 (11th-17th)

  • Demand for silver was on the rise in the second week of June, with the industrial metal priced at Rs.43,900 per kg on 11 June.
  • With markets quite volatile ahead of the summit between the U.S. and North Korean leaders, demand for silver fluctuated, with the metal trading at Rs.44,000 per kg on 12 June.
  • Positive reactions to the summit buoyed the dollar index, as investors sought to capitalise on a strong equity market.
  • Silver prices dropped to Rs.43,900 per kg on 13 June, registering a minor dip in price as local industry reduced offtake.
  • As trade relations between the U.S. and China deteriorated, markets and the dollar fell on the possibility of a trade war, which led to silver prices rising to Rs.44,300 per kg on 14 June.
  • The rise in price continued, with the metal reaching Rs.45,000 per kg in early trading on 15 June, in spite of conflicting international cues.
  • The end of the week saw renewed volatility, as silver prices fell to Rs.44,300 per kg on 17 June on declining local demand due to a high dollar rate.

June 2018 - Week 3 (18th - 24th)

  • Silver trading opened for the week with silver prices in India holding at Rs.43,400 per gram on the 18th after rates declined by Rs.900 from the previous session amid the strengthened US dollar.
  • Silver rates rose to Rs.43,500 per kg on the 19th before plummeting to Rs.43,100 per kg on the 20th as safe-haven demand for the bullion plunged amid weak global cues.
  • Poor trends overseas coupled with weak domestic demand from coin makers and industrial units led to prices plummeting to Rs.42,900 per kg on the 21st.
  • The 22nd saw silver rates remaining untouched at Rs.42,900 per kg with subdued but steady industrial offtake for the white metal.
  • Trading concluded for the week silver rates holding firm at Rs.42,900 per kg on the 24th amid the weak trend overseas.

June 2018 - Week 4 (25th - 30th)

  • Silver prices dipped consistently over the course of this week, thanks to a weak demand in the country.
  • When the week began on the 25th, gold was priced at Rs.43,200 per kg, which dropped to Rs.43,100 per kg on the 26th.
  • Rates held steady on the 27th before dropping further to Rs.43,000 per kg as demand remained muted ahead of a strong dollar.
  • On the 29th, the precious metal’s rates went down to Rs.42,800 per kg - a Rs.200 per kg decline before trading at the same rate on the final day of the week.

Trend of Silver Rate in India for May 2018 (rates per kg)

Parameters Silver price (per kg)
May 1 Rate Rs.42,000 per kg
May 31 Rate Rs.43,100 per kg
Highest Rate in May Rs.43,800 per kg on 25 May
Lowest Rate in May Rs.42,000 per kg on 1 May
Overall Monthly Performance Incline
Percentage Change 2.61%
Graph for Silver Rate (1 gram) in India April 2018
Graph for Silver Rate (1 gram) in India April 2018

May 2018- Week 1 (1st - 6th)

  • Silver prices in India rose significantly with commodity markets riding safely on the back of worsening geopolitical uncertainties during the week.
  • The week began with silver rates holding at Rs.42,000 per kg on the 1st with subdued but steady demand from industries and coin makers amid the strong US dollar.
  • However, silver rate rebounded to Rs.42,600 per kg on the 3rd with the dollar losing against other apex currencies following the two-day Federal Reserve monetary policy meeting.
  • The week ended in India with the industrial metal trading at Rs.43,200 per kg on the 6th with strong domestic demand for the metal amid the ongoing geopolitical concerns.

May 2018 - Week 2 (7th - 13th)

  • Gold opened at Rs.3,045 per gram when trading commenced for the second week of May.
  • Prices were consistent for most of the week as demand was stable in the state.
  • From the 7th to the 11th, gold rates in Kerala remained the same - at Rs.3,045 per gram.
  • The 12th saw gold prices move up to Rs.3,056 per gram before continuing at the same rate on the final day of this week.
  • Much of this week’s rise can be contributed to the sudden change in the US dollar, which declined after the inflation data was released.
  • This data, which suggested that the outcome was weaker than expected, caused gold prices to rise this week.

May 2018 - Week 3 (14th - 20th)

  • The third week began in India with silver prices holding at Rs.43,600 per kg on the 14th with strong demand from industrial units and coin makers amid positive overseas market cues.
  • The next couple of days saw silver demand plunging on account of the recovering US dollar and equities and the white metal was priced at Rs.43,300 per kg and 43,000 per kg on the 15th and the 16th respectively.
  • Though prices rose to Rs.43,200 per kg on the 17th, a surge in the dollar value amid the well-performing stock markets led to silver prices in India plunging to Rs.43,000 per kg on the 18th.
  • Trading concluded for the week with the industrial metal priced at Rs.43,100 per kg on the 20th after a decline in the US dollar amid the US-Italian political crisis resulted in an increase in demand for safe-haven assets.

May 2018 - Week 4 (21st - 27th)

  • Although, silver isn’t a dollar-intensive metal, the changes in the greenback over the week did impact the rates.
  • When the penultimate week of May opened for trading, silver was priced at Rs.43,100 per kg, which went up to Rs.43,200 per kg the next day, owing to a slight change in demand conditions.
  • On the 23rd, silver rates in Kerala went up to Rs.43,500 per kg as demand went up after the US dollar crashed. The reason was because industrial units and coin makers began to take advantage of a weak dollar.
  • As demand eased on the 24th, silver rates dropped down to Rs.43,300 per kg.
  • The drop, however, was short lived. Silver rates surged further to Rs.43,800 per kg on the 25th as demand rocketed to new highs, while the dollar struggled to recover.
  • However, when the dollar did recover - on the next day - silver prices went down to Rs.43,600 per kg.
  • The week drew to a close with silver rates still holding at Rs.43,600 per kg.

May 2018 - Week 5 (28th - 31st)

  • When trading commenced for the final week, silver rates in India were recorded holding at Rs.43,000 per kg on the 28th.
  • Prices rose to Rs.43,100 per kg on the 29th before dropping to Rs.42,900 per kg the next day with the US greenback dominating against other apex currencies in the international markets.
  • Trading ended for the month with silver priced at Rs.43,100 per kg on the 31st with bullion markets capitalising on the political uncertainty in Italy.
  • Thanks to strong demand from industries and coin makers amid positive trends overseas, India recorded an incline of 2.61% in silver trade during the course of the month.

Trend of Silver Rate in India for April 2018 (rates per kg)

Parameters Silver price (per kg)
April 1 Rate Rs.41,400 per kg
April 30 Rate Rs.42,300 per kg
Highest Rate in April Rs.43,800 per kg on 20 and 22 April
Lowest Rate in April Rs.41,000 per kg on 5 April
Overall Monthly Performance Incline
Percentage Change 2.17%
Graph for Silver Rate (1 gram) in India March 2018
Graph for Silver Rate (1 gram) in India March 2018

April 2018- Week 1 (1st-7th)

  • Silver price in India fell over the course of the first week of April due to fluctuating demand, with the industrial metal opening the week at Rs.41,400 per kg.
  • Prices fell to Rs.41,300 per kg on 2 April as demand from industry was sporadic due to fluctuating equity markets.
  • The decline in the dollar led to an increase in demand from overseas industrial units, resulting in silver prices rising to Rs.41,600 per kg on 3 April.
  • Minor dips in local demand from coin makers led to silver trading at Rs.41,500 per kg on 5 April before a sharp drop in local demand pushed prices to Rs.41,000 per kg on 5 April.
  • The decline in price continued for the rest of week, as silver ended the week trading at Rs.41,200 per kg on 7 April.

April 2018- Week 2 (8th -15th)

  • When the week began in India, silver was priced at Rs.41,200 per gram which held on till the closing hours of the next day.
  • The 10th witness a minor price rise and silver traded at a slightly better rate of Rs.41,300 per kg as local demand improved.
  • On the 11th silver prices in India moved up to Rs.41,700 per kg due to a rise in demand brought about by strong global cues.
  • The 12th recorded a price surge as well, with silver trading at Rs.42,000 per kg amid rising demand and a slightly weak market.
  • Rates fell to Rs.41,600 per kg on the 13th as demand dropped because local investors back out of investments.
  • Silver rate in India recorded a Rs.300 increase on the 14th, to trade at Rs.41,900 per kg as the US and France’s joint airstrikes on Syria helped commodity investors to improved their positions.
  • When the week ended, silver rates were still holding at Rs.41,900p per kg.

April 2018 - Week 3 (16th - 22nd)

  • Silver trading opened in India with the industrial metal priced at Rs.42,100 per kg on the 16th with steady demand from industrial units and coin manufacturers amid firm overseas trends.
  • With investors gravitating towards safe-haven assets such as silver and gold amid the ongoing global tensions in the Korean Peninsula and Syria, silver was priced at Rs.42,200 per kg on the 17th before rising further to Rs.42,500 per kg on the 18th amid strong global cues.
  • The 19th saw silver prices surging to Rs.43,700 per kg with inflationary concerns having resurfaced in the markets amid the strongly performing base metal trade.
  • Silver prices in India were recorded holding at Rs.43,800 per kg on the 20th amid positive global cues.
  • Silver continued trading at Rs.43,800 per kg for the rest of the week with strong demand for the metal from industrial units and coin makers amid strong international market trends.

April 2018 - Week 4 (23rd - 30th):

  • In India, when the week began silver opened on a strong note and traded at Rs.43,700 per kg.
  • Demand was largely topsy-turvy this week with prices inclining and declining on a consistent basis.
  • On the 24th, rates dropped considerably for the white metal to trade at Rs.43,000 per kg - a Rs.700 per kg decline.
  • There was a brief reprieve on the 25th when silver traded at Rs.43,100 per kg and signalled a positive growth.
  • However, prices dropped back to Rs.43,000 per kg as local demand went down quite a bit.
  • Over the 27th and the 28th, silver rate in India were holding at a further lowered rate of Rs.42,800 per kg.
  • On the final day of this week, silver price in India were seen holding at Rs.42,300 per kg, a Rs.500 decline compared to the previous day.

Trend of Silver Rate in India for March 2018 (rates per kg)

Graph for Silver Rate (1 gram) in India February 2018
Graph for Silver Rate (1 gram) in India February 2018
Parameters Silver price (per kg)
Silver Rate on 1st March 2018 Rs.41,100 per kg
Silver Rate on 31st March 2018 Rs.41,400 per kg
Highest Rate in March Rs.41,900 per kg on 7 March
Lowest Rate in March Rs.41,000 per kg on 19 and 21 March
Overall Monthly Performance Incline
Percentage Change 0.72%

March 2018 - Week 1 (1 - 5):

  • The price of silver in India in the first week of March saw a slight appreciation as bullion was sought after due to the volatility in equity markets.
  • Silver was priced at Rs.41,100 per kg on 1 March as industrial offtake was a bit muted due to a bull run by the U.S. Dollar.
  • Demand from local industrial units was also on the decline, though prices did not slide on the static demand.
  • Silver rate in India rose to Rs.41,400 per kg on 2 March as news of the trade tariffs led to markets across the globe falling sharply.
  • Local equity markets also tumbled as industrial demand for silver was steady, which kept prices at Rs.41,600 per kg on 3 March.
  • Silver price in India remained constant for the remainder of the week due to strong demand from both international as well as domestic markets.
  • The week ended with silver trading at Rs.41,600 per kg on 5 March.

March 2018 - Week 2 (5-11):

  • When silver trading started in India for the week, the metal was priced at Rs.41,600 per kg.
  • This fell to Rs.41,400 per kg the next day as demand took a hit owing to poor sales among the industrial units and coin makers around the country.
  • On the 7th, silver prices went up to Rs.41,900 per kg as a weak dollar pushed demand for the metal up.
  • During the 8th, silver rates in Kerala fell to Rs.41,500 per kg as there was a brief decline in demand.
  • Due to poor demand, rates went down to Rs.41,300 per kg on the 9th as demand failed to seen any positive change.
  • Demand, however, improved over the final two days and silver traded at Rs.41,600 per kg.

March 2018 - Week 3 (12 - 18):

  • When trading commenced for the third week in India, the industrial metal was priced at Rs.41,600 per kg on the 12th amid the strengthening dollar and firmer equities.
  • The 13th saw silver prices dropping to Rs.41,400 per kg with demand taking a hit amid the rising greenback and positive reports from the US employment data.
  • However, the dismissal of Rex Tillerson led to the US dollar losing considerable ground in the international market. This led to silver price in India surging to Rs.41,700 per kg on the 14th.
  • With markets speculating over a possible interest rate hike next week, the US dollar and equities strengthened. This resulted in prices dropping to Rs.41,500 per kg on the 15th which plummeted further to Rs.41,300 per kg the following day.
  • Silver rate in India dropped again to Rs.41,100 per kg on the 17th owing to a decline in domestic demand from local industries and coin makers amid weak global trends.
  • When trading concluded for the week, silver rates in India were recorded holding at Rs.41,100 per kg on the 18th with markets bracing for the Federal Reserve meeting next week.

March 2018 - Week 4 (19 - 25):

  • When trading commenced on 19 March, silver was priced at Rs.41,000 per kg, with a minor dip in price from the previous week observed.
  • Local demand from industrial units was steady, as global demand was unsteady due to fluctuating markets.
  • Silver price in India rose to Rs.41,200 per kg on 20 March as coin makers increased demand due to a drop in the dollar rate.
  • Prices began to recover towards the middle of the week, with Asian industry increasing offtake due to a low dollar rate.
  • Apprehension over the Fed’s monetary policy and proposed rate hikes kept markets jittery, which led to an increase in interest in bullion.
  • Silver rate in India rose to Rs.41,600 per kg as trading closed on 22 March, as strong demand from investors due to falling equity markets drove prices higher.
  • There was no change in price for the rest of the week, as silver closed at Rs.41,600 per kg on 25 March.

March 2018 - Week 5 (26 - 31):

  • The final week began in India with silver trading at Rs.41,600 per kg on the 26th with steady demand from industrial units and coin makers.
  • The 27th saw silver prices in India surging to Rs.41,800 per kg after the rising tensions between the US and Russian led to investors gravitating on safe-haven assets such as silver during the week.
  • However, with the US dollar index gaining against other apex currencies amid the rising equity markets, silver rates in India plunged to Rs.41,500 per kg on the 28th which dropped further to Rs.41,400 per kg on the 29th amid the poor trend overseas.
  • Thanks to steady demand from industries and coin makers amid the poor trend overseas, silver prices remained unchanged at Rs.41,400 per kg for the remainder of week.
  • India recorded an incline of 0.72% in silver rates due to the positive global cues that pushed demand higher during the month.

Trend of Silver Rate in India for February 2018 (rates per kg)

Parameters Silver price (per kg)
Silver rate on 1st February 2018 Rs.42,600 per kg
Silver rate on 28th February 2018 Rs.41,200 per kg
Highest Rate in February Rs.41,600 per kg on 1 and 2 February
Lowest Rate in February Rs.40,600 per gram on 10 and 11 February
Overall Monthly Performance Decline
Percentage Change -3.28%
Graph for Silver Rate (1 gram) in India January 2018
Graph for Silver Rate (1 gram) in India January 2018

February 2018 - Week 1 (1st - 4th)

  • Trading began in India with silver priced at Rs.42,600 per kg on the 1st with an increase in offtake by industrial units and coin makers.
  • Prices remained untouched at Rs.42,600 per kg on the 2nd with steady industrial demand for the white metal.
  • The 3rd, however, saw silver rate in India plunging to Rs.41,700 per kg after the US dollar gained against other apex currencies ahead of the highly optimistic US employment data.
  • The week concluded with silver holding at Rs.41,700 per kg on the 4th with steady demand from industries and coin manufacturers.

February 2018 - Week 2 (5th -11th)

  • The white metal traded at Rs.41,500 per kg in India when trading commenced for the 5th of February.
  • Silver rate in India surged to Rs.41,900 per kg on the 6th due to demand increasing from from coin makers and industrial units went up.
  • The 7th saw demand drop, pushing silver prices down to Rs.41,400 per kg. This dropped further by Rs.600 the next day to Rs.40,800 per kg as demand failed to pick up.
  • On the 9th, silver price in India solidified marginally for the metal to trade at Rs.41,000 per kg but a falling demand caused rates to drop to Rs.40,600 per kg on the 10th.
  • The final day of this week saw little change in demand, which led to silver prices remaining at Rs.40,600 per kg.

February 2018 - Week 3 (12th - 18th)

  • The week commenced in India with silver trading at Rs.40,900 per kg on the 12th amid the weakening US dollar equities ahead of the US inflation data during the week.
  • With the US dollar losing against a basket of other emerging currencies, silver price in India rose to Rs.41,300 per kg on the 13th which surged further to Rs.41,400 per kg on the 14th amid the firm overseas trends.
  • The 15th saw silver rate in India rising for the fourth straight session with the US dollar touching near two-month lows in the world market. The industrial metal was recorded trading at Rs.41,800 per kg.
  • However, with the US dollar gaining marginally following the release of the US price data, silver rate in India plunged to Rs.41,700 per kg on the 16th.
  • The rest of the week witnessed the white metal holding firm at Rs.41,700 per kg with steady demand from industrial units and coin manufacturers.

February 2018 - Week 4 (19th - 25th)

  • Silver opened at Rs.41,600 per kg on the 19th of February, but dropped to Rs.41,200 per kg during the next day’s trade.
  • The white metal opened at RS.41,200 per kg on the 21st as well before rising to Rs.41,400 per kg on the 22nd as demand surged after the Fed Reserve minutes were being unveiled.
  • On the 23rd, silver rate in India went up to Rs.41,600 per kg before falling to Rs.41,500 per kg on the 24th of the month.
  • The final day of this week saw gold rate in India drop to Rs.41,500 per kg as demand seemed to decline slightly.

February 2018 - Week 5 (26th - 28th)

  • Trading began for the week with silver priced at Rs.41,600 per kg on the 26th amid firm overseas trends.
  • However, with the US dollar index rising against other apex currencies, silver rate in India rose to Rs.41,700 per kg on the 27th.
  • The month came to an end with the industrial metal being priced as low as Rs.41,200 per kg on the 28th owing to the strengthening US dollar and firmer equities.
  • Indian registered a decline of 3.28% in silver rates during the month.

Trend of Silver Rate in India for January 2018 (rates per kg)

Parameters Silver price (per kg)
Silver Rate on 1st January 2018 Rs.38,925 per kg
Silver Rate on 31st January 2018 Rs.42,200 per kg
Highest Rate in January Rs.43,100 per kg from 26 to 28 January
Lowest Rate in January Rs.38,925 per kg on 1 January
Overall Monthly Performance Incline
Percentage Change 8.41%
Graph for Silver Rate (1 gram) in India December2017
Graph for Silver Rate (1 gram) in India December2017

January 2018 - Week 1 (1st - 7th)

  • Silver price in India saw a gradual growth over the course of the week, thanks to steadily increasing demand from local industries and coin makers.
  • On the 1st of January, silver rate in India was Rs.38,925 per kg, which then rose to Rs.39,115 per kg on the 2nd.
  • The 3rd saw a brief blip in prices, which led to the metal trading at Rs.39,110 per kg. But, as demand increased, silver rates in India went up to Rs.39,115 per kg on the 4th.
  • Silver rate in India rose again on the 5th to hit Rs.39,265 per kg as demand was on the rise.
  • Over the final two days of this week, silver rates were seen holding at Rs.39,355 per kg.

January 2018 - Week 2 (8th - 14th)

  • When the second week began silver was recorded trading at Rs.39,265 per kg on the 8th of January.
  • However, silver price in India dropped to Rs.39,110 per kg on the 9th after equity markets strengthened amid a strong dollar index.
  • Silver rate in India remained unchanged at Rs.39,110 per kg for the next couple of days owing to steady demand from industrial units and coin manufacturers.
  • On the 12th, prices surged to Rs.39,265 per kg before rising further to Rs.39,355 per kg on the 13th following a decline in the US dollar value.
  • Strong industrial demand coupled with a positive trend overseas led to silver rates in India hold steady at Rs.39,355 per kg when the week concluded on the 14th.

January 2018 - Week 3 (15th - 21st)

  • Silver opened at Rs.39,680 per kg when the week began. Rates, however, seemed to be on the decline for the rest of the week.
  • The 16th and the 17th saw silver rate in India hold at Rs.39,670 per kg as demand seemed to drop, owing to poor sales.
  • Silver prices in India went down again on the 18th to hit Rs.39,265 per kg as local investors backed out in numbers.
  • Prices remained at the Rs.39,265 per kg for the remaining days of the week.

January 2018 - Week 4 (22nd - 28th)

  • In India, silver price failed to see too many changes as demand largely remained steady.
  • On the 22nd of January, silver was priced at Rs.42,000.
  • With demand from local buyers holding steady, silver continued to trade at Rs.42,000 per kg on the 23th of January.
  • The 24th witnessed some change in prices, albeit a Rs.200 one, as prices were recorded at Rs.42,200 per kg at the time of closing.
  • Changes in overnight trading positions cause silver price in India to increase to Rs.43,100 per kg when markets opened on the 25th. As demand from local coin makers and industrial units remained steady, silver prices didn’t see any changes.
  • From the 26th to the 28th of January, silver rate in India continued at Rs.43,100 per kg as demand from all concerned parties remained flat.

January 2018 - Week 5 (29th - 31st)

  • When trading began for the last week in India, silver was priced at Rs.42,700 per kg on the 29th.
  • A rise in the US dollar index coupled with firmer equity markets led to silver rate in India dropping to Rs.42,200 per kg on the 30th.
  • Prices remained unchanged at Rs.42,200 per kg on the 31st with steady demand for the metal from industrial units and coin makers.
  • The month of January saw silver rate in India inclining by 8.41% owing to the strong global cues that pushed demand higher for the white metal.
Graph for Silver Rate (1 gram) in India November 2017
Graph for Silver Rate (1 gram) in India November 2017
Parameters Silver price (per kg)
Silver Rate on 1st December 2017 Rs.38,230 per kg
Silver Rate on 31st December 2017 Rs.39,265 per kg
Highest Rate in December Rs.39,365 per kg on 30 and 31 December
Lowest Rate in December Rs.36,545 per kg on 13 December
Overall Monthly Performance Incline
Percentage Change 2.70%

December 2017 - Week 1 (1st - 10th)

  • India witnessed silver prices gradually declining before stabilising towards the end of the week amid poor global trends compounded with reduced domestic demand.
  • The week began with the industrial metal priced at Rs.38,230 per kg on the 1s.
  • The next couple of days saw the metal trading at relatively lower Rs.38,120 per kg before dropping further to Rs.37,965 per kg on the 4th due to subdued demand from industrial units and coin makers.
  • Poor global trends coupled with reduced industrial demand led to silver price in India declining to Rs.37,600 per kg and Rs.37,180 per kg on the 6th and the 7th respectively.
  • The 8th recorded the white metal trading the lowest at Rs.36,715 per kg in nearly four months after the dollar regained its lost ground amid the newly passed US tax reform bill during the week.
  • With markets cautious ahead of the US central bank’s monetary policy meeting to be held during the month, silver rate in India remained low at Rs.36,715 per kg for the remainder of the week.

December 2017 - Week 2 (11th - 17th)

  • Silver was trading at Rs.36,920 per kg when the week began on the 11th of December.
  • A steady local demand kept the metal’s prices unchanged on the 12th. But, a slight wobble led to a price drop of Rs.75 and the metal was selling at Rs.36,545 per kg on the 13th.
  • The 14th saw a considerable price increase and the metal traded at Rs.37,295 per kg. This was due to positive cues from the global market brought about by the latest Fed rate hike.
  • On the 15th, silver rate in India dropped to Rs.37,235 per gram as demand seemed to go down after the burst seen on the 14th.
  • The 16th saw silver price in India drop for the metal to trade at Rs.36,920 per kg.
  • The final day of the week witnessed a price increase. This was due to increased demand from local industries and coin makers.
  • When the week ended on the 17th, silver was priced at Rs.37,180 per kg.

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

  • When trading commenced in India, silver was priced relatively lower at Rs.37,600 per kg on the 18th as the US tax bill moved a step closer to approval.
  • However, with investors speculating over the ultimate impact of the US tax overhaul on the country’s economic growth, equity markets muted. This led to silver price in India surging to Rs.38,395 per kg on the 19th.
  • Steady industrial demand coupled with positive trends overseas led to silver holding steady at Rs.38,395 per kg on the 20th.
  • However, the US Senate’s decision to clear the tax bill resulted in a stronger dollar index and firmer equities. This led to silver rate in India plunging to Rs.37,600 per kg on the 21st.
  • With equities market on the decline in the Asian trade, an increased demand for the industrial metal resulted in the white metal being priced at Rs.37,865 per kg on the 23rd and the 24th.

December 2017 - Week 4 (25th - 31st)

  • Though there were a few blips during the initial few days, silver rates improved as the week progressed.
  • On the 25th of December, the white metal was priced at Rs.38,395 per kg before dropping to Rs.38,005 per kg the next day.
  • However, with positive cues rolling in from the overseas markets, silver prices in India rose to Rs.38,455 per kg on the 26th of December.
  • The 27th again saw silver rates incline - this time to trade at Rs.38,815 per kg. This then increased to Rs.38,925 per kg as demand from local industrial units and coin makers remained steady.
  • On the 30th, the white metal traded at Rs.39,265 per kg with local demand remaining in touch with that in the international market.
  • When the week ended, silver was seen trading at Rs.39,264 per kg.
Parameters Silver price (per kg)
Silver rate on 1st November 2017 Rs.39,530 per kg
Silver rate on 30th November 2017 Rs.38,460 per kg
Highest Rate in November 2017 Rs.40,520 on 18 and 19 November
Lowest Rate in November 2017 Rs.39,355 per kg on 4 November
Overall Monthly Performance Decline
Percentage Change -2.70%
Graph for Silver Rate (1 gram) in India October 2017

November 2017 - Week 1 (1st - 5th)

  • Silver rate in India started on a relatively somber note for the first week of November.
  • The white metal traded at Rs.39,530 per kg on the 1st before selling at Rs.39,680 per kg on the 2nd, thanks to increased offtake from industries.
  • On the 3rd, silver price in India surged to Rs.39,950 per kg due to a steadily rising demand from investors.
  • However, silver prices slumped to Rs.39,355 per per kg on the 4th as the high demand seen over the previous few days couldn’t be sustained.
  • The final day of this week saw silver rates remain at Rs.39,355 per kg.

November 2017 - Week 2 (6th - 12th)

  • When trading commenced in India, silver price in India were recorded relatively higher at Rs.39,365 per kg.
  • The white metal was priced at Rs.39,970 per kg on the 7th, before rising to Rs.40,040 per kg on the 8th on account of an increased offtake by industries and coin manufacturers.
  • Thanks to steady industrial demand, rates remained unchanged at Rs.40,040 per kg the next day as well.
  • However, silver rate in India dropped to Rs.39,970 per kg on the 10th, as a weak trend overseas resulted in a subdued local demand.
  • Prices remained unchanged at Rs.39,970 per kg for the rest of the week, owing to steady offtakes by industrial units and coin makers.

November 2017 - Week 3 (13th - 19th)

  • Silver trading in India began for the week with the metal trading at Rs.39,870 per kg.
  • Due to a surge in demand, silver rate in India went up to Rs.40,040 per kg on the 14th before going up again to Rs.40,240 per kg on the 15th.
  • The 16th, though saw demand for the metal drop due to a strong US dollar. At the time of closing on this day, the white metal was trading at Rs.40,040 per kg.
  • On the 18th, silver price in India surged significantly to Rs.40,520 per kg as demand from industries and coin makers surged.
  • When the week ended, silver rates were still seen holding at Rs.40,520 per kg.

November 2017 - Week 4 (20th - 26th)

  • Silver began strong in India but tapered off as the week progressed.
  • On the 20th, the white metal was priced at Rs.40,285 per kg. Rates fell to Rs.39,780 per kg on the 21st as demand from industries and coin makers dropped.
  • Silver price in India was same on the 22nd but surged to Rs.39,950 per kg, thanks to positive cues from the global market.
  • The 24th again saw silver rate in India fall to Rs.39,780 per kg before continuing at the same rate till the week’s end.

November 2017 - Week 5 (27th - 30th)

  • Silver prices in India dropped over the course of this week due to poor demand from both local and international market.
  • On the 27th of November, the white metal traded at Rs.39,780 per kg.
  • Due to poor demand from local industries and coin makers, silver price in India fell to Rs.39,580 per kg on the 28th.
  • Rates fell again on the 29th to Rs.39,110 per kg. Reports claimed “today’s silver rate in India” dropped because of a strong US market showing.
  • The final day of the month didn’t seen no change in trend either as the metal’s rates fell to close at Rs.38,460 per kg.
Graph for Silver Rate (1 gram) in India september'17
Parameters Silver price (per kg)
Gold Rate on 1st October 2017 Rs.39,530 per kg
Gold Rate on 31st October 2017 Rs.39,435 per kg
Highest Rate in October 2017 Rs.40,670 per kg on 16 October
Lowest Rate in October 2017 Rs.39,110 per kg on 5 October
Overall Monthly Performance Decline
Percentage Change -0.24%

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

  • India’s silver rate fluctuated in the first week of October, though there was an overall increase in the value of the industrial metal.
  • Silver was priced at Rs.39,530 per kg on 1 October and remained steady for the next day as industrial units sought to capitalise on the poor U.S. dollar rate.
  • Demand dropped as the dollar rate began a steady recovery, resulting in silver prices in India falling to Rs.39,265 per kg on 3 October.
  • Continued fluctuations in the silver rate in India were recorded, with silver trading at Rs.39,355 per kg on 4 October.
  • Silcer price in India fell to Rs.39,110 per kg on 5 October as the sharp drop in international demand led to a decline in price.
  • Demand rose marginally as silver traded at Rs.39,115 per kg 6 October.
  • A sudden drop in the dollar rate led to silver demand surging, as the metal ended the week trading at Rs.39,680 per kg on 7 October.

October 2017 - Week 2 (8th -14th)

  • Silver prices in India was affected by both international factors and local demand.
  • This week began with silver being priced at Rs.39,680 per kg.
  • But, rates went up to Rs.39,950 per kg on the 9th, as demand from domestic markets surged.
  • On the 10th, silver prices went up again to Rs.40,190 per kg as the local investors were taking advantage of strong cues from international markets.
  • Silver rates in India rose for the fourth consecutive day this week as prices went up to Rs.40,285 per kg on the 11th of October.
  • With demand surging for a fifth straight day, silver rates increased to Rs.40,440 per kg. This was due to the fast approaching Diwali season.
  • However, demand fell on the 13th, as silver rates went down to Rs.40,390 per kg.
  • The week ended with the white metal still trading at Rs.40,390 per kg.

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

  • Silver rates in India fluctuated considerably this week as demand for the metal was rather on the uneven side.
  • On the 15th of October, silver was trading at Rs.40,390 per kg but increased to Rs.40,670 per kg as demand from local industrial units and coin makers surged.
  • As demand declined, silver rate in India fell to Rs.40,060 per kg on the 17th and remained unchanged on the 18th of October.
  • The 19th, however, saw rates dip to Rs.39,780 per kg as demand reached saturation point.
  • Rates went back up to Rs.40,040 per kg as festive demand stoked purchases from the jewellers and the coin makers around the country.
  • When the week ended on the 21st, gold was trading at Rs.40,060 per kg.

October 2017 - Week 4 (22nd -28th)

  • The fourth week witnessed silver price in India fluctuating on account of global factors, and varying domestic demand.
  • The white metal was trading at Rs.40,060 per kg on the 22nd, when trading commenced in the country.
  • With the dollar strengthening against other apex currencies, silver rate in India dropped to Rs.39,950 per kg on the 23rd with subdued demand from retailers, industries and jewellers.
  • Rates, however, recovered to be priced at Rs.40,040 per kg the next day amid a weaker greenback and increased global demand.
  • The 25th witnessed silver trading lower at Rs.39,670 per kg on account of reduced demand from industrial units and coin manufacturers.
  • Thanks to steady and sustained local demand, prices remained unchanged at Rs.39,670 per kg the next day as well.
  • Silver price in India dropped further on the 27th to Rs.39,435 per kg with the US dollar gaining over the euro after the European Central Bank policy extension.
  • The week ended with the industrial metal trading low at Rs.39,115 per kg, as demand for the metal declined in the country.

October 2017 - Week 5 (29th -31st)

  • Silver rate in India opened for the month at Rs.39,115 per kg on the 29th of October.
  • A stable demand saw silver prices continue at Rs.39,115 per kg on the 30th of October as well.
  • Due to a spurt in demand from industries, silver prices surged to Rs.39,435 per kg on the 31st of the month.
Graph for Silver Rate (1 gram) in India August'17
Parameters Silver price
September 1 Rate Rs.40,390 per kg
September 30 Rate Rs.39,530 per kg
Highest Rate in September Rs.40,900 per kg on 9 and 10 September
Lowest Rate in September Rs.39,530 per kg on 28 to 30 September
Overall Monthly Performance Decline
Percentage Change -2.12%

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

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

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

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

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

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

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

  • Silver prices in India fluctuated for the initial three days before stabilising over the final few days.
  • On the 25th, silver was priced at Rs.39,680 per kg, a very slight increase from the previous day’s rates.
  • Due to increased purchasing from local investors, silver rate in India went up to Rs.40,285 per kg on the 26th of September.
  • However, demand subsided due to weak global cues, which led to the white metal trading at Rs.40,040 per kg on the 27th.
  • Silver rate in India declined again on the 28th to go down to Rs.39,530 per kg.
  • But, thanks to sustained demand from industries, silver rates remained unchanged on the 29th and the 30th of the month.
Parameters Silver price (per 1 kg)
August 1 Rate Rs.38,925 per kg
August 31 Rate Rs.40,040 per kg
Highest Rate in August Rs.40,190 per kg on 29 & 30 August
Lowest Rate in August Rs.37,235 per kg on 5 & 6 August
Overall Monthly Performance Incline
Percentage Change 2.86%
Graph for Silver Rate (1 gram) in India July'17

August ‘17 – Week 1 (1st to 6th)

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

August ‘17 – Week 2 (7th to 13th)

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

August ‘17 – Week 3 (14th to 20th)

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

August 2017 – Week 4 (21st - 27th)

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

August 2017 – Week 5 (28th - 31st)

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

July 2017 – Week 1 (1st to 9th)

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

July 2017 – Week 2 (10th to 16th)

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

July 2017 – Week 3 (17th to 23rd)

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

July 2017 - Week 4 (24 - 31):

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

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

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

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

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

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

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

June 2017 – Week 4 (19 to 25)

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

June ’17 – Week 5 (26 to 30)

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

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

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

May 2017 – Week 2 (8th -14th)

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

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

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

May 2017 – Week 4 (22nd - 28th)

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

May ’17 – Week 5 (29th to 31st)

  • Silver prices in India saw some fluctuation due to fluctuations in demand, with a slight dip in demand as the month ended.
  • Silver traded at Rs.40,285 per kg on 29th May as demand rose due to higher industrial demand in spite of a relatively high U.S. Dollar rate, as overseas markets continued to increase demand for silver.
  • The price rose to a monthly high of Rs.40,520 per kg on 30th May as local demand also increased.
  • Silver prices dipped on the last day of the month, falling sharply as it traded at Rs.40,060 per kg as stable markets and a high U.S. Dollar finally caught up with demand.
  • Silver recorded an increase in value of 0.49% over the course of the month.
April 1st Rate Rs.42,570 per kg
April 30th Rate Rs.40,040 per kg
Highest Rate in April Rs.43,055 per kg on the 15th and 16th of April
Lowest Rate in April Rs.40,040 per kg on the 29th and 30th of April
Overall Performance Decline
Percentage Change -5.94%

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

  • Silver prices in India saw some ups and downs over the course of the week.
  • On 27th, silver was trading at Rs.41,980 per kg and went up by Rs.290 to hit Rs.42,270 per kg on 28th March.
  • Rates remained unchanged on 29th before increasing again to Rs.42.435 per kg on the 30th.
  • On the last day of the March, silver prices declined by Rs.320 to hit Rs.41,115 per kg.
February 1st Rate Rs.42,520 per kg
February 28th Rate Rs.44,165 per kg
Highest Rate in February Rs.44,165 per kg on 28th February
Lowest Rate in February Rs.42,115 per kg on 3rd February
Overall Performance Incline
Percentage Change +3.86%

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

July‘16 - Week 5 (25th to 31st)

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

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

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

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

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

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

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

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

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

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

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

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

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

May ‘16 - Week 2 (8th to 14th)

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

May ‘16 - Week 3 (15th to 21st)

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

May ‘16 - Week 4 (22nd to 28th)

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

May ‘16 - Week 5 (29th to 31st)

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

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

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

Apr ‘16 - Week 3 (11th to 17th)

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

Apr ‘16 - Week 4 (18th to 24th)

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

Apr ‘16 - Week 5 (25th to 30th)

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

*Rates as per New Delhi rates

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

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

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

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

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

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

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

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

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

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

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

*Rates as per New Delhi rates

Week 1 (1st to 7th)

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

Week 2 (8th to 14th)

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

Week 3 (15th to 21th)

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

Week 4 (22nd to 29th)

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

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

4thJanuary rate*

Rs.33,320

31stJanuary rate

Rs.34,930

Highest rate in January

Rs.35,565 on 28th

Lowest rate in January

Rs.33,295 on 13th

Overall performance

Gain/Positive

% Change

+4.83%

*Rates as per New Delhi rates

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

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

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

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

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

  • Silver continued gaining value in the 2nd week.

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

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

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

  • Silver registered more profits in the 3rd week.

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

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

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

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

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

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

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

Factors Affecting Silver Rates in India

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

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

Silver Measurements

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

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

Silver Demand in India

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

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

Silver Commodity Trading in India

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

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

Silver is traded in 3 contract types:

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

Silver Futures Contract (SILVERHEDG)

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

Check Out Silver price of top Cities of India

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

FAQs

Why is the silver rate increasing?

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

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

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

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

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

Is investing in silver a wise decision in 2018?

Silver, being a volatile investment is expected to show bullish characteristics after its long period of sluggishness in the previous year with predictions tending to assist an effective run during 2018. Silver prices are expected to surge significantly with the US Federal Reserve planning to raise the number of interest rates hikes from three to four during the year. Hence, investing in silver before the rise in silver rates can be a good option in 2018.

How much is one gram of silver worth?

According to the current market rates, silver is priced at Rs.41.50 per gram. (as on 09 March 2018)

How much does one troy ounce of silver cost?

One troy ounce of silver (approximately 31 grams) is worth Rs.1,290.79 approximately. (as on 09 March 2018)

How much is one kilogram of silver worth?

A kilogram of silver (in the form of a silver bar) costs Rs.41,500 at current market rates. (as on 09 March 2018)

Where can I buy silver bars in India?

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

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

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

What is the best silver bullion to buy?

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

What is hallmarking?

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

What are the benefits of buying hallmarked bullion?

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

What should one look for in a hallmarked silver article?

A hallmarked silver article will contain the following:

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

What are some tips on buying silver?

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

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

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

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

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

When is the best time to buy silver?

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

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

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

Will I have to pay tax on my silver purchase?

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

Where can I sell my silver bullion in India?

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

What are the advantages of investing in silver?

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

Read more on Silver

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  • Silver prices rise but gold prices take a hit ahead of poor global cues

    As per commodity news on September 6th, silver gained on the previous day’s rates while that of gold took a hit as cues weakened.

    On 6th, gold was priced at Rs.31,200 per 10 gram in the local bullion market, - a Rs.50 decline from the previous day. The prices were low due to a subdued demand from the local jeweller market, which was coupled with a poor demand overseas.

    In the national market at Delhi, gold of 99.5% and 99.9% purity traded at Rs.31,050 per 10 gram and Rs.31,200 per 10 gram - both shedding Rs.50 per 10 gram.

    Silver prices though rose by Rs.150 to trade at Rs.37,850 per kg às inquiries from industrial units and  coin makers surged.

    Reports suggested that the fall in gold prices was due to a weak trends overseas followed by a strong dollar which strengthened further to hit one-week high after global tensions rose in emerging markets. Slower demand from jewellers and retailers also added to the drop in prices in the domestic market.

    6 September 2018

  • Gold, Silver Dip On Strong Dollar

    Gold prices fell as the U.S. Dollar strengthened on positive cues, but losses were mitigated as investors were concerned about potential military action in Syria and concerns over a trade war with China.

    Spot gold in the United States fell by 1.24% to trade at $1,336.11 per ounce on 11th April, 2018 as the Dollar index made gains against other global currencies.

    The possibility of armed retaliation against Syria caused jitters across global stock markets, which kept gold from falling too steeply due to the rally by the Dollar.

    Silver prices also dropped by 0.84% to trade at $16.49 per ounce on poor industrial offtake.

    11 April 2018

  • Silver Futures Dip On Sluggish Demand

    Silver prices in New Delhi fell by 0.21% to trade at Rs.38,277 per kg on 19 March, 2018 after weak trends overseas led to a dip in interest in the metal.

    The May delivery on the MCX fell by Rs.81 for 131 business lot. International markets saw an even steeper dip in silver prices, with the metal trading 0.43% lower at $16.26 per ounce in Singapore.

    19 March 2018

  • Silver likely to gain this year, say analysts, pointing to possible growth

    If reports from some of the world’s leading securities firm is any thing to go by, silver is likely to improve its standing as the year progresses. Silver, among the cheapest of all precious metals, was deemed as the ugly duckling by investors recently as its dynamic was one of the weakest among most metals. The analysts further said that while silver is unlikely to be profitable in the near future, investments for the future would yield interesting results. Gold, on the other hand, remained in the $1,329 range, on Thursday, as recent demand pushed prices up. However, the US jobs report which was expected to be released on Friday kept rates in check.

    2 March 2018

  • Silver rates plunge by Rs.171 after traders cut risks

    Poor global cues coupled with reduced domestic demand resulted in silver prices dropping by Rs.171 per kg to trade at Rs.38,075 per kg after traders and participants cut down purchases to reduce exposure. According to traders, the decline in silver rates were mainly due to the poor performance of the bullion against the strengthened US dollar and other poor trends in international markets that reduced demand for gold as a safe-haven asset. At the MCX, silver lost by 0.45% - a drop of Rs.171 - to Rs.38,075 per kg amid the poor overseas trends.

    1 March 2018

  • Silver futures down by 0.17% amid poor overseas trends

    Silver prices dropped by 0.17% to Rs.38,646 per kg in silver futures with investors and traders cutting down their risks taking into account of poor trends from international markets. According to analysts, the drop in silver futures was due to the strengthening of the US greenback after the US Federal Reserve Chairman Jerome Powell promised to prevent the country’s economy from worsening any further while sticking onto the pace of the gradual interest rate hikes. Silver for delivery in May declined by Rs.67 per kg -a drop of 0.17% - to be priced at Rs.38,646 per kg in 1,724 lots at the Multi Commodity Exchange. In the same line, the industrial metal for delivery in March also dropped by 0.16% - down by Rs.60 - to Rs.38.112 per kg in a business turnover of 2,119 lots.

    28 February 2018

  • Silver futures drop by 0.65% amid poor global cues

    Silver rates dropped by 0.65% to Rs.38,390 per kg in futures on Thursday after traders and investors cut down purchases in order to reduce their exposure amid the poor trends in international markets. According to experts, the decline in silver price futures was attributed to the US Federal Reserve meeting that indicated a rise in US interest rate which pushed the US dollar index higher against other apex currencies. Thus, reducing demand for the bullion as a safe-haven asset. At the MCX, silver rates for delivery in March dropped by Rs.250 per kg to Rs.38,390 per kg in 1,063 lots. Similarly, the delivery for May also was recorded by a decline of 0.57% - a drop of Rs.225 per kg - to Rs.38,935 per kg in a business turnover of 204 lots.

    22 February 2018

  • Silver futures plunges 0.62% amid weak overseas trends

    Silver prices dropped by 0.62% to Rs.38,315 per kg in silver futures after investors and traders cut down their exposure amid weak global cues. According to analysts, the decline in silver rates in futures trade can be mainly attributed to the traders who refrained from making purchases to bring down risks amid the poor trend overseas. At the MCX, silver futures for March plunged by 0.62% or Rs.238 per kg to trade at Rs.38,815 per kg in a turnover of 620 lots. Similarly, silver futures for May was also down by 0.56% or Rs.218 per kg to Rs.38,859 per kg in a business turnover of 253 lots.

    20 February 2018

  • Silver prices surges 0.50% on positive overseas cues

    Silver futures for May was recorded trading higher by 0.50% or Rs.194 per kg to Rs.39,099 per kg in a turnover of 7 lots at the Multi Commodity Exchange after speculators ramped up their purchases on account of strong global cues. Following the same line, silver futures for March were also up by 0.50% or Rs.193 per kg to Rs.38,531 per kg in a business turnover of 419 lots.

    7 February 2018

  • Silver trade expected to surge by mid-year

    Investors and traders and expect silver rates to hit the Rs.40,000 - Rs.41,000 per kg by July-August due to an increasing demand for electric vehicles and solar panels in the market. The industrial metal was recorded trading at Rs.39,237 per kg during the closing hours for the year. According to reports, demand for silver utilised in solar photovoltaic process surged by 23% during the previous year.

    2 January 2018

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