Silver Rate in Jaipur

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Silver Price in Jaipur

In the traditional sense, buying precious metals like silver or gold meant buying jewelry that’s made of gold or silver. Buying silver in Jaipur wasn’t often thought of as an investment, but it is now coming into the limelight as a tradable commodity that rises in value depending on market trends. With internet access being made available to nearly everyone, market prices, fluctuations, news and factors that affect the price of silver can be tracked, measured and used to earn a profit.

Jaipur, the “Pink City”, is an ancient city which is now home to over 3 million people. With the largest SEZ in the country and a growing population of highly educated young adults, the city and its population are perfectly poised to make full use of the benefits of investing in silver as a commodity.

Trend of Silver Rate in Jaipur for December 2018 (rates per gram)

Silver Rate Trend in Jaipur in December 2018:

• The price of silver increased throughout the month of December in Jaipur due to the fall in the value of the dollar against other currencies.
• On 1 December 2018, the price of the metal opened at Rs.38,500 per kg and increased to Rs.40,700 per kg by the middle of the month.
• Due to the US-China trade truce, the markets fell resulting in investors, investing more in the bullion, thus increasing the demand for silver.
• On 31 December 2018, the price of silver had increased to Rs.41,500 per kg resulting in an incline of 7.79%.

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

Trend of Silver Rate in Jaipur for November 2018:

• Static demand from local industrial units as well as poor overseas cues saw a steady decline in silver prices in Jaipur during the month, with the industrial metal trading at Rs.40,900 per kg on 1 November.
• Prices were on the decline for most of the month as local industrial units lowered orders due to the rising cost of imports as a result of the weak rupee.
• Overseas demand was also on the decline as relatively stable markets and a steady dollar rate reduced investor reliance on the metal, as prices fell to Rs.39,700 per kg on 15 November.
• Coin makers reduced orders as retail offtake was poor in spite of the festive season, which resulted in silver falling to Rs.38,800 per kg on 30 November and recording a drop in value of 5.13%.

Trend of Silver Rate in Jaipur for October 2018 (rates per gram)

October 2018 - Week 1 (1 - 7):

• Silver prices inclined this as a result of a weak rupee which was hit by rising crude oil prices. When the week began in Jaipur, silver was priced at Rs.41,100 per kg.
• The Federal Reserve was set to meet this week and the outcome seemed negative, which led to silver prices rising to Rs.42,000 per kg on over the next few days.
• When the week drew to a close, silver rates in Jaipur dropped slightly to Rs.41,900 per kg, which was still a Rs.800 per kg incline in less than 7 days.

October 2018 - Week 2 (8 - 14):

• Silver rates had fallen to Rs.41,500 per kg when the second week of trading began on the 8th of October.
• Due to a rise in the US dollar, safe haven prices dropped which caused silver rates to drop to Rs.41,200 per kg on the 9th.
• Prices stabilised as the week progressed and the metal was seen trading at Rs.41,500 per kg on the final day of the week.

October 2018 - Week 3 (15 - 21):

• The third week started on the 15th of October, with the white metal priced at Rs.41,900 per kg - a sharp Rs.400 per kg rise from the previous week’s closing rate.
• This, however, dropped to Rs.41,400 per kg on the 17th as demand dropped considerably.
• Silver traded at Rs.41,500 per kg on the 20th of October before dropping slightly to Rs.41,400 per kg on the 21st as there was a slowdown in demand.

October 2018 - Week 4 (22 - 28):

• The penultimate week of October opened with silver trading at Rs.41,500 per kg before surging to Rs.41,900 per kg on the 24th as the rupee was teetering dangerously against the dollar and reached its lowest ever point in history.
• However, as dollar varied, and the rupee picked, up, silver rates went down to Rs.41,500 per kg when the week drew to a close.

October 2018 - Week 5 (29 - 31):

• The final week of October saw silver start strong but drop as the days progressed. When the week began on the 29th, silver was priced at Rs.41,600 per kg.
• However, as demand slowed down, rates went down to Rs.41,200 per kg before continuing at the same rate on the 31st of October as well.
• Price trends recorded a 0.24% incline this month as demand from the local market was on the higher side owing to a poorly performing rupee.

Trend of Silver Rate in Chennai for September 2018 (rates per gram)

September 2018- Week 1 (1-8)

• In Jaipur, the price of silver stood at Rs.40,000 per kg on 1st September.
• Though the price of the metal inclined on 2nd and traded at Rs.40,100 per kg, silver prices quickly declined due to muted demand and recorded a monthly low of Rs.39,500 per kg from 5th to 7th September.
• However, the ongoing trade war tension negatively affected the stock market and made investors turned towards safe-haven assets which caused silver prices to incline and close at Rs.39,700 per kg on 8th of the month.

September 2018- Week 2 (9-15)

• Amid steady demand, silver continued to trade at Rs.39,700 per kg on 9th September.
• As the value of the US dollar fell against a basket of apex currencies, silver rates inclined and traded at Rs.39,900 per kg from 11 to 13 of the month before falling to Rs.39,800 per kg on the 14.
• However, on 15 September, silver rates fell as the US dollar recovered and closed at Rs.39,500 per kg.

September 2018- Week 3 (16-22)

• The price of the metal remained unaffected on 16 September and continued to trade at Rs.39,500 per kg.
• However, silver rates inclined during the week and traded at Rs.39,700 per kg, Rs.39,800 per kg, and Rs.40,000 per kg on 17, 18, and 19 September respectively.
• As the global trade tension continued to have a negative effect on the stock market, silver rates in Jaipur further inclined and traded at Rs.40,100 per kg on 20 and 21 September before closing at Rs.40,300 per kg on the 22.

September 2018- Week 4 (23-30)

• Silver stood unaffected and traded at Rs.40,300 per kg on 23 September in Jaipur before falling to Rs.40,000 per kg on 24 due to weak domestic and overseas demand.
• However, silver prices managed to recover when the price of the metal surged to R.40,200 per kg on 25 and further inclined to Rs.40,800 per kg on 26 September.
• Silver hit a monthly high of Rs.41,200 per kg on 29 and 30 September and recorded an overall incline of 3% for the month.

Trend of Silver Rate in Chennai for August 2018 (rates per gram)

August 2018 - Week 1 (1 - 05):

• Silver opened at Rs.41,400 per kg on 01 August 2018 in Jaipur. This is also the highest recorded silver rate in Jaipur for the month of August.
• As the demand for the metal from local coin makers and jewellers fell, the price of silver fell by Rs.300 on 02 August and traded at Rs.41,100 per kg.
• After remaining stable for one day, silver prices rose by Rs.200 per kg as the demand picked up on 04 August.
• Silver closed at Rs.41,300 per kg on 05 August.

August 2018 - Week 2 (6 - 12):

• As the industrial offtake of silver was on the decline, silver prices also declined in the second week of August.
• When trading commenced, silver opened at Rs.41,300 per kg on 06 August.
• Meanwhile, positive report on the U.S economy strengthened the US dollar which caused silver prices in Jaipur to decline on 07 August. On this day, silver traded at Rs.41,200 per kg.
• A small hike in silver prices was noted on 09 August when the metal traded at Rs.41,400 per kg. On this day, silver recorded the highest silver rate in Jaipur for the month of August yet again.
• As the demand for the metal fell sharply, silver prices quickly fell on 10 August and traded at Rs.41,100 per kg. Throughout the week, demand for the metal played a huge role in determining silver prices in Jaipur.
• A small hike in silver prices was noted on the last two days of the week when the metal traded at Rs.41,200 per kg.

August 2018 - Week 3 (13 - 19):

• Silver continued to trade at Rs.41,200 per kg when the week started on 13 August.
• A sharp fall in silver prices was noted on 14 August when the price of the metal fell significantly and traded at Rs.40,900.
• As the US unemployment data was released, it looked positive for the US economy. Therefore, the value of the US dollar increased which negatively affected silver prices in Jaipur.
• Though silver prices in Jaipur increased and traded at Rs.41,100 per kg on 15 August, it quickly fell to Rs.39,900 per kg on 16 August due to weak oversea trends and muted domestic demand.
• Silver traded at Rs.40,000 per kg from 17 to 19 August.

August 2018 - Week 4 (20 - 26):

• The fourth week began with silver trading at Rs.40,000 per kg.
• After remaining steady for one day, silver prices in Jaipur increased by Rs.100 per kg and traded at Rs.40,100 on 22 August.
• However, as the value of the US dollar increased further, silver prices in Jaipur fell drastically and traded at Rs.39,900 on 23 August.
• As the local demand for the metal also fell, the lowest silver rate for the month of August in Jaipur was recorded on 24 August when the metal traded at Rs.39,800 per kg.
• Silver prices managed to pick up during the last few days of the week and closed at Rs.40,200 per kg on 26 August.

August 2018 - Week 5 (27 - 31):

• Silver continued to trade at Rs.40,200 per kg due to steady industrial demand for the metal in Jaipur.
• As the demand for the metal picked up on 28 August, silver was sold at Rs.40,400 per kg.
• As the value of the US dollar started recovering, silver prices fell marginally during the last two days of the month and closed at Rs.40,300 per kg.

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

July 2018- Week 1 (1-10)

• Silver rates for July in the city of Jaipur commenced at Rs.42,800 per kg.
• On 3 July, silver rate in Jaipur dropped to Rs.42,400 per kg. This can be linked to the decline in industrial demand for the metal.
• Silver price in Jaipur then marginally increased to Rs.42,800 per kg and stagnated for the next few days during the latter part of week 1. Industrial offtake for silver had been fluctuating during this time as well.
• The price of silver in Jaipur then rose during the end of week 1 to Rs.42,900 per kg. This rate was recorded on the 9 - 10 July. This increment can be linked to the positive market trends with regard to the metal, and the declining dollar value in relation with other currencies.

July 2018- Week 2 (11-17)

• The second week of July saw the silver price in Jaipur drop to Rs.42,600 per kg. Weak demand for the metal was perceived to be the reason for the dip in silver rates.
• The industrial demand for silver in Jaipur reduced further during the second week as the price of the metal from 12 - 14 July stood at roughly Rs.42,200 per kg.
• Industrial demand for the metal then stabilised while the silver price in Jaipur stabilised as well. The price of the metal as on 16 July stood at Rs.42,300 per kg.
• On 17 July, the end of week 2, the price of silver in Jaipur was recorded at Rs.42,100 per kg.

July 2018- Week 3 (18 - 24)

• The start of week 3 in July saw a decline in silver prices in Jaipur as it dropped to Rs.41,700 per kg. This was the price as recorded on 18 July. The drop in silver rates may be caused due to the drop in industrial demand for the metal.
• On 20 July the dollar value in comparison with other currencies rose which caused silver prices to drop to Rs.41,300 per kg.
• Demand for the metal increased in the following few days which led to the increment in the silver rate. The price of silver in Jaipur on 21 - 22 July stood at Rs.41,700 per kg.
• The price of the metal the declined towards the end of the week in Jaipur as it stood at Rs.41,400 per kg on 24 July.

July 2018- Week 4 (25 - 31)

• Steady industrial demand for the metal caused the price of silver to drop to Rs.41,500 per kg on 25 July.
• Due to the decline of dollar value, silver prices spiked on 26 July to Rs.41,800 per kg. However, demand for the metal dropped which naturally caused the decline in silver prices over the next few days.
• As on 28 - 29 July, the price of silver stood at Rs.41,200 per kg.
• By the end of the month, the price of silver increased as dollar rates dropped slightly. The metal stood at Rs.41,400 per kg on 30 - 31 July.

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

June 2018 - Week 1 (1 - 10):

• In Jaipur, silver was recorded trading at Rs.42,800 per kg on the 1st when the month began amid the gaining US dollar index and rising equity markets.
• The 2nd saw silver prices plummeting to Rs.42,600 per kg after the greenback rose against a basket of other major currencies at the international level. This was also the lowest monthly figure recorded in the city.
• Subdued domestic demand coupled with poor global cues led to silver rates holding at Rs.42,600 per kg until the 5th.
• With market participants banking on safe-haven assets ahead of the G7 summit, rates rebounded to Rs.43,900 per kg - an incline of Rs.1,300 per kg - amid the positive trend overseas.
• The week came to an end with silver prices in Jaipur stabilising at Rs.43,700 per kg on the 10th with subdued but steady demand from industrial units and coin makers amid firm overseas cues.

June 2018 - Week 2 (11 - 17):

• The week opened with silver rates holding at Rs.43,900 per kg on the 11th with domestic markets rising on the back of the weakened US dollar and equities.
• The 12th saw prices surging to Rs.44,000 per kg before dropping to Rs.43,900 per kg on the 13th with domestic demand flatlined by the recovering greenback.
• However, the US dollar lost significant ground against other major emerging currencies after the US Fed Reserve announced its decision to leave its interest rates untouched over the next couple of days. This led to investors and traders banking on safe-haven assets such as silver and gold globally.
• On the 14th, the white metal was recorded trading at Rs.44,300 per kg before rising further by Rs.700 to Rs.45,000 per kg on the 15th with strong demand from industries and coin amid the positive trend overseas.
• The rest of the week witnessed silver rates stabilising with demand suppressed by the recovering greenback and well-performing equities.
• Silver was priced at Rs.44,300 per kg on the 17th as the week ended with subdued but steady local demand amid the firm trends overseas.

June 2018 - Week 3 (18 - 24):

• The third week began with silver trading relatively lower at Rs.43,400 per kg after the strong dollar performance compounded with good returns on the equity markets led a decline in investor demand over the weekend.
• The 20th witnessed silver prices dropping further to Rs.43,100 per kg with domestic demand capped by the poor trend overseas.
• The week saw prices declining considerably with local demand flatlined by the strengthening greenback and well-performing equities market.
• Poor trends overseas coupled with weak industrial demand led to silver rates plunging to Rs.42,900 per kg on the 21st.
• The rest of the week saw silver prices holding at Rs.42,900 per kg with subdued but steady demand from industrial units amid the poor global cues.

June 2018 - Week 4 (25 - 30):

• The week saw silver rates initially rising before an increase in the dollar value led to prices dropping in Jaipur.
• On the 25th, the white metal was recorded trading at Rs.43,200 per kg on account of an incline in industrial offtake for the metal at the domestic level.
• However, demand dropped significantly over the next few days with local demand capped by the weak trend overseas and silver was recorded trading at Rs.43,000 per kg on the 28th.
• Silver rates in Jaipur dropped to Rs.42,800 per kg on the 29th and continued trading at the same price for the rest of the week with subdued but steady domestic demand from industrial units and coin makers amid the weak trend overseas.

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

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

• The week opened with silver rates in Jaipur holding at Rs.42,000 per kg - the lowest recorded monthly figure - on the 1st.
• Demand picked up over the next few days with investors hedging on the bullion amid the ongoing political tensions between the United States and North Korea.
• Positive trends overseas coupled with an increased industrial demand led to prices surging to Rs.42,600 per kg on the 3rd.
• Thanks to steady demand from local industries and coin makers, silver price in Jaipur remained untouched at Rs.42,600 per kg for the remainder of the week.

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

• The second week commenced with the industrial metal priced at Rs.43,200 per kg on the 7th with domestic markets tracking a firm trend overseas.
• With the US greenback regaining lost ground against other major currencies, rates dropped to Rs.43,000 per kg on the 8th.
• Silver rate in Jaipur, however, improved during the week with safe-haven demand surging amid the US-Sino trade talks and rising tensions between the US and North Korea.
• On the 9th, the white metal was recorded trading at Rs.43,100 per kg before surging to Rs.43,300 per kg on the 10th with strong investor demand globally.
• Thanks to an increase in industrial orders from Asia, prices went up further to Rs.43,500 per kg on the 11th.
• The rest of the week saw silver price in Jaipur holding steady at Rs.43,500 per kg with steady demand from coin manufacturers and industrial units amid the positive trend overseas.

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

• The week began with silver trading at Rs.43,600 per kg on the 14th with domestic markets capitalising on the weakened US dollar and equities.
• However, with the greenback recovering from its previous rally of losses, Silver price in Jaipur dropped to Rs.43,300 per kg on the 14th before plummeting further to Rs.43,000 per kg on the 15th amid the poor trend overseas.
• The 17th saw prices recovering to Rs.43,200 per kg before dropping to Rs.43,000 per kg the following day with demand held in check by the strengthened US dollar index and rising equity markets.
• The week came to an end with the white metal prices closing at Rs.43,100 per kg on the 20th following a slight increase in industrial offtake for the metal.

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

• When trading commenced for the week, silver was recorded trading at Rs.43,100 per kg on the 21st with steady domestic demand.
• With political uncertainties rising in the European continent, safe-haven demand for the metal surged. This led to silver price in Jaipur surging to Rs.43,500 per kg on the 23rd.
• Strong trend overseas coupled with consistent demand from global and domestic markets led to silver rate in Jaipur rising to Rs.43,800 per kg on the 25th.
• The week concluded with the industrial metal priced at Rs.43,600 per kg on the 27th with domestic markets capitalising on the weakened US dollar.

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

• The last week opened with silver priced at Rs.43,000 per kg on the 28th with strong performances by the dollar pushing demand lower for the white metal.
• With market sentiments revived after the news about the previously cancelled US-North Korean summit to go ahead as planned, the dollar strengthened further.
• On the 30th, the industrial metal was recorded trading at Rs.42,900 per kg with poor demand amid the weak trend overseas.
• Trading concluded for the month with silver priced at Rs.43,100 per kg on the 31st with Jaipur recording an incline of 2.61% in silver trade during the month.

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

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

• Silver was priced at Rs.41,400 per kg when trading started for the month of April in Jaipur.
• This happened due to considerable fluctuations in the US dollar brought about by a weak stock market.
• As demand increased, silver rate in Jaipur went up to Rs.41,600 per kg on the 3rd of the month before sliding to Rs.41,300 per kg on the 4th owing to an improved dollar.
• Cues remained weak for the week, and silver price in Jaipur seemed to fluctuate even more. They went down to Rs.41,000 per kg on the 5th before stabilising to end at R.41,200 per kg on the 7th.
• At the time of closing for the week, the white metal was priced at Rs.41,200 per kg.

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

• Silver rate in Jaipur were holding at Rs.41,200 per kg when the second week of April opened for trading.
• The US markets plummeted, and with it the US dollar, as demand surged in both local and international markets.
• The prime reason for this was the suspected chemical attack in Syria, which caused precious metal demand to rise.
• By the 11th, silver rate in Jaipur had risen to Rs.41,700 per kg, as an increased demand from local investors also surged.
• Demand continued to hold steady due to which rates went up to Rs.42,000 per kg on the 12th before dropping to Rs.41,600 per kg on the 13th as a gaining US dollar curbed any further advances in bullion prices.
• A rise in prices were recorded on the 14th after US strikes on Syria caused silver demand to rise. Over the 14th and 15th of the month, silver traded at RS.41,900 per kg.

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

• Change in overnight cues helped silver rate in Jaipur to open at Rs.42,100 per kg - a Rs.200 increase from the previous week’s closing price.
• Silver price in Jaipur surged consistently over the next few days as a number of conflicts relating to the US helped safe haven assets to gain considerably.
• The 19th saw silver trade at RS.43,700 per kg -a strong rise of over Rs.1000 per kg before another rise was recorded on the 20th.
• During the 20th and the 22nd - the final day of the week, silver traded at Rs.43,800 per kg - the month’s highest rate - as demand was on the rise amid a weak dollar.

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

• The final week of April opened for trading with the metal trading at Rs.43,700 per kg. This week saw the US dollar gain considerably against other major currencies.
• A rising dollar brought about a decline in silver prices this week.
• On the 24th, silver rate in Jaipur went down to Rs.43,000 per kg before inclining slightly to Rs.43,100 per kg on the 25th.
• By the 27th and 28th, silver price in Jaipur went down to Rs.42,800 per kg as local demand plummeted ahead of a weak demand.
• On the final day of this month, silver was seen holding at Rs.42,300 per kg - a Rs.1400 drop compared to the week’s opening rates.
• Silver rates in Jaipur recorded a 2.17% incline this month, thanks to strong cues from all over the world.

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

March 2018 – Week 1 (1 – 4):

• The first week witnessed silver price in Jaipur rising with shaky equity markets and dollar performances pushing demand higher for the white metal during the week.
• The week began in Jaipur with silver priced a Rs.41,100 per kg on the 1st amid firm overseas trends.
• Rates surged to Rs.41,400 per kg on the 2nd after the US dollar index lost against a basket of other major emerging currencies in the international market.
• The weakened US dollar coupled with bullish demand for the metal led to silver rate in Jaipur rising to Rs.41,600 per kg on the 3rd.
• Strong trends overseas coupled with steady demand from local industrial units and coin makers led to silver rates holding firm at Rs.41,600 per kg for the remainder of the week.

March 2018 – Week 2 (5 – 11):

• The second week saw silver prices fluctuating considerably with uneven global cues leading to vagaries in demand during the week.
• When the week began, the industrial metal prices were recorded holding at Rs.41,600 per kg on the 6th steady demand from industrial units and coin manufacturers.
• Prices plunged to Rs.41,400 per kg on the 7th after demand took a hit after the dollar index rose against a basket of other emerging currencies in the international market.
• The 8th saw silver rates surging to Rs.41,900 per kg following an increase in industrial offtake in the domestic level after industries tracked a firm trend overseas.
• But with the greenback regaining lost ground from its previous session’s decline, prices dropped to Rs.41,500 per kg on the 8th.
• On the 9th, silver rate in Jaipur dropped further to Rs.41,300 per kg as the US dollar rose amid the well performing equity markets.
• Thanks to an increase in domestic demand from local jewellers and retailers over the next few days, prices rebounded to Rs.41,600 per kg on the 10th and continued trading at the same rates for the rest of the week.

March 2018 – Week 3 (12 – 18):

• Trading commenced for the week with the white metal priced at Rs.41,600 per kg on the 12th with demand remaining unchanged from the previous week.
• The US dollar rose after the US employment data reported an increase in the number of jobs associated to the country’s economy. This led to silver being priced at Rs.41,400 per kg on the 13th.
• Silver price in Jaipur rose to Rs.41,700 per kg on the 14th after the greenback lost significant ground with markets shaken by the abrupt dismissal of Rex Tillerson the US Secretary of State by the White House.
• However, with markets speculating over the possibilities of a Fed rate hike by the central bank next week, the dollar rebounded. This led to silver prices dropping to Rs.41,500 per kg on the 15th.
• The next couple of days saw silver rates dropping significantly amid the rising dollar and recovering equities. The white metal was priced at Rs.41,300 per kg on the 16th before plunging further to Rs.41,100 per kg on the 17th amid the poor market trends overseas.
• When the week came to an end, the industrial metal prices were recorded holding at Rs.41,100 per kg on the 18th with subdued demand by industrial units and coin makers amid weak global cues.

March 2018 – Week 4 (19 – 25):

• Trading opened for the week with the white metal priced relatively lower at Rs.41,000 per gram on the 19th following a slight decline in demand from the previous week.
• Thanks to an increase in demand from local coin manufacturers and industrial units, prices surged to Rs.41,200 per kg on the 20th.
• Though rates plunged to Rs.41,000 per gram the next day, silver price in Jaipur soon rebounded with investors and traders banking on the metal to hedge against the uneven equities and the metal was recorded trading at Rs.41,500 per kg on the 22nd.
• With markets cautious ahead of the US Federal Bank monetary policy announcement on future Fed rate hikes, demand for the white metal remained strong over the next few days. Silver was priced at Rs.41,600 per kg on the 23rd amid the firm overseas trends.
• The week came to an end with prices remaining untouched at Rs.41,600 per kg on the 25th with the bullion market following strong trends overseas.

March 2018 – Week 5 (26 – 31):

• The last week saw silver price in Jaipur rising initially before the recovering US dollar and equities resulted in muting the demand as the week progressed.
• Silver was priced at Rs.41,600 per kg on the 26th when the week began with firm market trends from the previous week.
• The 27th witnessed an increase in demand for safe-haven assets with tensions rising between the US and Russian and investors and traders banking on the commodity to hedge against a possible trade war scenario. This led to silver prices surging to Rs.41,800 per kg.
• However, with the US dollar regaining lost ground from its previous rally of losses, silver rates in Jaipur plunged to Rs.41,500 per kg on the 28th.
• Poor domestic demand compounded by weak market trends overseas led to silver rates dropping further to Rs.41,400 per kg on the 29th.
• The month came to an end with the industrial metal prices holding firm at Rs.41,400 per kg on the 31st with subdued but steady demand by coin makers and industries amid weak global cues.
• Thanks to the firm overseas trends that pushed demand higher, Jaipur recorded an increase of 0.72% in silver prices over the course of the month.

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

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

• February silver trading recorded some weak numbers because domestic demand was low amidst a resurgent US dollar.
• When trading started for the 1st of February, the white metal was priced at Rs.42,600 per kg. This was the highest rate for the month, made possible by a weak dollar after the latest employment data was made public.
• On the 2nd, silver prices were holding steady as demand for the metal was stable from all sections of investors.
• Silver rates fell to Rs.41,700 per kg on the 3rd, as the impending release of the US jobs data kept investors on their toes, who decided to keep themselves safe from risk.
• The week ended with silver continuing to trade at Rs.41,700 per kg as the job data turned out to be comparatively better.

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

• Silver rates fell to Rs.41,500 per kg when the second week of February commenced on the 5th of February.
• On the 6th, silver prices in Jaipur went up to Rs.41,900 per kg owing to a rise in local demand. This then fell to Rs.41,400 per kg as weak global cues acted as a weak stimuli, which pushed local demand down.
• The 8th saw silver prices drop to Rs.40,800 per kg local demand continued to weaken while the US dollar continued to make gains.
• On the 9th, rates rose marginally to Rs.41,000 per kg as a slightly positive global cues pushed silver rates up.
• The final two days of this week, i,e., the 10th and the 11th saw silver trade at Rs.40,600 per kg as stock markets got the better of bullion traders.

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

• When the third week’s trading commenced on the 12th, silver prices had moved up to Rs.40,800 per kg. The rise was due to the poor inflation figures in the US.
• Silver prices rose gradually over the course of this week as inflation halted the dollar’s surge and safe haven demand kicked in.
• On the 13th, silver traded at Rs.41,300 per kg which then rose to Rs.41,400 per kg the next day as global cues remained positive.
• During the 15th, silver prices went up to Rs.41,800 per kg before dropping to Rs.41,700 per kg on the 16th.
• The week ended with silver trading at Rs.41,700 per kg.

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

• On the 19th of February, silver was priced at Rs.41,600 per kg, which then fell to Rs.41,200 per kg on the 20th after the US dollar bounced back.
• The 21st saw silver prices remained unchanged before rising to Rs.41,400 per kg the next day due to a surge in demand from coin makers and industrial units.
• From the 22nd to the 25th, silver traded at Rs.41,500 per kg.

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

• Silver prices were recorded at Rs.41,600 per kg when the final week’s trading commenced on in Jaipur.
• Rates surged to Rs.41,700 per kg on the 27th as markets were volatile and investors took advantage of this.
• On the final day of the month, silver traded at Rs.41,200 per kg.
• Silver prices recorded a 3.28% dip in this month owing to strong dollar and weaker than expected local demand.

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

January 2018 - Week 1 (1 - 7):

• The first week saw silver rates rising considerably with an increase in domestic demand from local coin manufacturers and industries amid strong global cues towards the end of the week.
• The month began with silver rate in Jaipur holding at Rs.38,925 per kg - the lowest recorded monthly figure - on the 1st.
• Prices remained untouched at Rs.38,925 per kg on the 2nd with steady industrial demand for the metal.
• Silver price in Jaipur rose to Rs.39,110 per kg on the 3rd which dropped to Rs.38,995 per kg the following day with a marginal decline in demand after the US dollar rose against other apex currencies.
• The 5th witnessed silver prices rebounding to Rs.39,265 per kg owing to an increase in demand industries and coin makers.
• On the 6th, rates rose marginally to Rs.39,335 per kg and continued trading at the same rate for the remainder of the week amid the steady trends overseas.

January 2018 - Week 2 (8 - 14):

• The week began with the industrial metal trading steady at Rs.39,355 per kg on the 8th amid firm trends overseas.
• Silver price in Jaipur plunged to Rs.39,115 per kg on the 9th which dropped further to Rs.38,925 per kg the following day with the US dollar strengthening amid firm equities markets which pushed demand lower for the metal.
• The 11th, however, saw silver rates climbing up to Rs.39,110 per kg following an increase in demand from local coin makers and industrial units.
• Steady demand coupled with positive trends overseas resulted in silver prices remaining untouched at Rs.39,110 per kg on the 12th.
• With the US dollar losing against a basket of other emerging currencies in the international markets, demand for the metal surged.
• Silver was recorded trading at Rs.39,265 per kg on the 13th before rising to Rs.39,355 per kg on the 14th amid strong global cues.

January 2018 - Week 3 (15 - 21):

• Silver rates in India initially rose before dropping amid the strengthening US dollar and firmer equities during the week.
• The week began with the white metal trading at Rs.39,670 per kg on the 15th after the weakened US dollar and equities resulted in an increased demand for the metal.
• Steady global demand coupled with firm trends led to silver being priced at Rs.39,680 per kg on the 16th which continued trading at same rate on the 17th.
• However, with the US greenback regaining lost ground, silver prices tumbled to Rs.39,265 per kg on the 18th which plunged further to Rs.39,115 per kg the next day.
• Despite the poor trends overseas, demand for the metal picked up. This led to rates surging to Rs.39,265 per kg on the 20th.
• The week ended with the industrial metal trading steady at Rs.39,265 per kg on the 21st amid the firm trends overseas.

January 2018 - Week 4 (22 - 28):

• The fourth week witnessed silver prices holding steady during the initial days before surging high halfway into the week with strong safe-haven demand for the metal.
• Trading commenced for the week with the white metal priced at Rs.39,265 per kg on the 22nd amid steady trends overseas.
• However, with the US dollar and equity markets losing considerable ground in the global markets, demand for the safe-haven metal spiked. This led to silver being priced as high as Rs.40,285 per kg on the 25th.
• The rest of the week saw silver rates holding firm at Rs.40,285 per kg owing to steady domestic and global demand amid the poorly performing US dollar and equities.

January 2018 - Week 5 (29 - 31):

• The last week commenced in Jaipur with the white metal trading at Rs.42,700 per kg on the 29th after the continued weak performance of the US dollar and equities led to an incline in safe-haven demand for the metal. This was also the highest recorded monthly figure.
• Silver rate in Jaipur stabilised at Rs.42,200 per kg on the 30th with the US dollar index regaining lost ground in the global market.
• Trading concluded with silver rates holding steady at Rs.42,200 per kg on the last day and Jaipur registered a profit of 8.41% in silver trade during the course of the month.

Trend of Silver Rate in Jaipur for December 2017 (rates per kg)

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

• The week began with the white metal trading at Rs.38,230 per kg on the 1st of December.
• On the 2nd, prices rose to Rs.38,815 per kg due to an increase in demand by industries and coin makers brought about by the positive trend overseas.
• The 5th, however, saw silver rate in Jaipur dropping to Rs.37,965 per kg after the US dollar gained against a basket of other emerging currencies following the approval of the landmark US tax reform bill.
• Though silver price in Jaipur rebounded to Rs.38,395 per kg on the 6th, the strengthened US dollar index coupled with firmer equities market led to rates declining to Rs.37,235 per kg the next day.
• A marginal decline in industrial demand brought about by an increase in the US dollar value resulted in silver prices dropping to Rs.36,620 per kg on the 8th.
• Demand, however, slightly picked up towards the end of the week and silver was recorded trading at Rs.36,715 per kg on the 10th.

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

• The second week began with the white metal priced relatively higher at Rs.36,920 per kg on the 11th following an increase in demand from the previous week.
• However, with the US dollar gaining against other major emerging currencies after the approval of the new US tax bill by the US Senate, silver price in Jaipur plunged to Rs.36,620 per kg on the 12th.
• On the 13th, silver rate in Jaipur hit their lowest recorded monthly figure of Rs.36,545 per kg owing to the declining demand brought about the weak global cues.
• With investors mulled over by the drawbacks of the landmark US tax reform plan, the US dollar lost its sheen. This resulted in the white metal prices rebounding to Rs.38,395 per kg on the 14th.
• The US dollar, however, gained against a basket of other emerging currencies ahead of the monetary policy meeting by the Federal Reserve. This led to silver being priced at Rs.36,920 per kg for the remainder of the week.

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

• When the week began, the white metal was priced at Rs.38,395 per kg on the 18th of December.
• On the 19th, silver rate in Jaipur plunged to Rs.37,600 per kg following a rise in the US dollar compounded by the poorly performing equities.
• Though prices rebounded to Rs.38,395 per kg on the 20th, the following day, witnessed silver rates plunging again to Rs.37,705 per kg owing to an unexpected decline in domestic demand from industries and coin manufacturers.
• Silver rate in Jaipur rose to Rs.38,395 per kg on the 22nd before declining again to Rs.37,965 per kg the next day amid positive overseas trends.
• When the week concluded, the industrial metal was recorded trading at Rs.38,395 per kg, thanks to steady demand amid the positive global cues.

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

• The final week of December saw silver rates start on a relatively low note but rise significantly towards the end amid the weakened US dollar which pushed demand higher for the metal.
• The week began with the white metal trading at Rs.38,395 per kg on the 25th with steady demand from the previous week.
• However, an unexpected decline in demand from industries amid the positive trends led to silver price in Jaipur plunging to Rs.38,005 per kg on the 26th.
• With the US dollar losing against a basket of other major currencies, silver rate in Jaipur rose gradually during the rest of the week. Silver was priced at Rs.38,275 per kg on the 27th which further surged to Rs.38,925 per kg on the 28th.
• Though prices dropped slightly to Rs.38,815 per kg on the 29th with a decline in domestic demand, the 30th saw silver rates surging to Rs.39,265 per kg - the highest recorded monthly figure - on the 30th due to an increase in offtake by industries and coin makers.
• The last day saw silver rate in Jaipur holding steady at Rs.39,265 per kg owing to a strong and steady demand amid the weakened US dollar and poorly performing equities.
• The city of Jaipur registered a profit of 2.70% in silver trade during the course of the month.

Trend of Silver Rate in Jaipur for November 2017 (rates per kg)

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

• SIlver price in Jaipur fluctuated as the month began due to demand vagaries, with the white metal priced at Rs. Rs.38,995 per kg.
• Silver traded at Rs.39,950 per kg on 2 November after a rise in local demand due to a rise in order volumes ahead of the festive season.
• Demand also increased as commodity markets took advantage of the fluctuating equity markets, which led to higher demand from both local as well as international industrial units.
• Silver traded at Rs.39,355 per kg on 4 November as prices remained constant till the week ended on 5 November.

November 2017- Week 2 (6 to 12)

• The week opened with silver priced at Rs.39,355 per kg on 6 November as demand was consistent due to the previous week’s gains.
• Silver price in Jaipur climbed to Rs.40,040 per kg on 7 November as the political uncertainty in the Middle East due to Saudi Arabia’s sudden political purge led to markets falling globally.
• Local demand followed trends seen overseas as the dollar suffered a drastic plunge, resulting in silver price in Jaipur holding steady at Rs.40,040 per kg on 8 & 9 November.
• Demand began to fall towards the middle of the week, with silver trading at Rs.39,970 per kg on 10 November.
• The price of silver did not see much change for the remainder of the week as the metal ended the week priced at Rs.39,970 per kg on 12 November.

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

• The third week saw the price of silver rise exponentially as equity markets continued to fluctuate due to the political unrest in Saudi Arabia and the increase in tensions with North Korea.
• Silver traded at Rs.39,870 per kg on 13 November, with the price dropping marginally due to a strong opening by markets across the world.
• Prices increased as the week progressed due to U.K. markets falling over the perceived economic fallout from Brexit, resulting in silver rate in Jaipur rising to Rs.40,140 per kg on 14 November.
• Silver continued to rise, with the metal priced at Rs.40,240 per kg on 15 & 16 November due to increased orders from Asian industrial units.
• Silver price in Jaipur fell to Rs.40,040 per kg on 17 November as market demand dropped following the steady recovery by equity markets.
• Coin makers also increased demand for the white metal, though prices did not see much of a change.
• Tensions with North Korea flared up as the week drew to a close, resulting in silver prices rising to Rs.40,520 per kg on 18 & 19 November.

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

• Silver traded at Rs.40,440 per kg on 20 November as markets performed well after the previous week’s rise in demand.
• The price of silver fell as markets recovered from the previous week’s losses, with the metal priced at Rs.39,780 per kg on 21 November, though local demand was steady.
• The drop in demand for silver in the international market led to local prices falling to Rs.39,265 per kg on 22 November.
• Silver ratein Jaipur rose marginally and traded at Rs.40,060 per kg on 23 November following a rise in local demand.
• The rising tensions between the United States and North Korea led to markets falling and a rush to invest in safe haven assets like silver.
• The week ended with silver prices continuing to fluctuate, trading at Rs.39,780 per kg on 26 November.

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

• The final week of November saw silver prices dip due to a steady drop in demand.
• Silver opened the week trading at Rs.39,780 per kg on 27 November, as prices remained constant due to muted trading on the commodity exchanges.
• The price of silver dropped to Rs.39,680 per kg on 28 November as demand dropped following a market recovery.
• Prices fell further, trading at Rs.39,115 per kg on 29 November as equity markets began to recover.
• Silver prices continued to drop as the month drew to a close as the metal traded at Rs.38,640 per kg on 30 November and recording an overall loss of 0.91% in value.

Market Rates & Silver Price Trend in Jaipur

Investing in Silver in Jaipur

Silver coins – It is important to ensure that your silver is embossed, marked, stamped or engraved in some way that certifies its purity and the fact that it is real silver. A certificate is also usually issued along with your silver. The coins can be bought in weights from 10 grams to 500 grams. The corresponding risk and reward is marginally lesser because the amount and weight of silver being held is in a lesser quantity.

Silver bullion – It is for those who wish to invest in quantities larger than coins, in the form of bars and tablets that range from 500 grams up to 5 kilos. Investing in larger quantities is marginally cheaper, and the silver bullion in your possession will appreciate or depreciate, bringing with it greater risk and reward, as it being held in a larger physical quantity. Bullion bars are also sometimes embossed with serial numbers, which makes it hard to counterfeit them.

Silver coins and bullion can be sold to a merchant immediately for up to 75% of its value in the market at that particular date, and can be held for longer periods of time to ensure a higher price. In this way, it can be collected and used as a safety net that appreciates over time. Collectors and those not proactively involved in managing their silver investment portfolio chose this option, as the silver passively increases its own value.

Silver jewelry – It is among the most expensive forms of silver available, as it incurs a 10% making charge and a 15% melting charge at the time of sale. It is the most popular form of silver bought and sold in India. It is bought and either held for its craftsmanship, or given as a gift during one of the many festivals and marriages that require the purchase or gifting of precious metals as assets with aesthetic appeal.

Banks also sell silver, and this is a highly secured form of owning the precious metal. Banks like ICICI, HDFC, Kotak, etc. will always give you the purest form of certified silver, but at a price that’s usually higher than the current market rate. These silver bars and tablets are imported from international mints and certification authorities, and hence cost more.

The silver rate fluctuates due to many market forces like inflation, demand and supply, movements in the stock market, etc. The price of silver in Jaipur has remained more or less constant over the last few months, staying between Rs.37 and Rs.42 per gram, and is more stable than gold. Detailed study of the fluctuations in prices and the reasons for the same can be used to your advantage as an investor.

Buying Silver in Jaipur

One can buy silver coins, bars and bullion in many retail outlets across Jaipur Thewa Jewellery, Kundan Jewellery, R K Silver Emporium, Arya Silver Art, B L Jewellers, Silver Jewellery (Jaipur), and a number of merchants around the city.

When buying silver in Jaipur, it is highly recommended that you buy from a well-established and certified dealer. Ensure that the silver is marked, stamped, engraved or in some way certified and determined to be authentic silver of established purity. Ensure that you also get a certificate of authenticity which contain details of weight, amount purchased, purity and current rate.

Also Check Silver Price in NearBy Cities of Jaipur