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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.
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.
Trend of Silver Rate in Jaipur 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.42,600 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|
Trend of Silver Rate in Jaipur 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.42,700 per kg on 29 January|
|Lowest Rate in January||Rs.38,925 per kg on 1, 2 and 10 January|
|Overall Monthly Performance||Incline|
Trend of Silver Rate in Jaipur for December 2017 (rates per kg)
|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|
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)
|Parameters||Silver price (per kg)|
|Silver rate on 1st November 2017||Rs.38,995 per kg|
|Silver rate on 30th November 2017||Rs.38,640 per kg|
|Highest Rate in November||Rs.40,520 per kg on 18 and 19 November|
|Lowest Rate in November||Rs.38,640 per kg on 30 November|
|Overall Monthly Performance||Decline|
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.
|Parameters||Silver price (per kg)|
|October 1 Rate||Rs.39,530 per kg|
|October 31 Rate||Rs.39,435 per kg|
|Highest Rate in September||Rs.40,440 per kg on 16 October|
|Lowest Rate in September||Rs.39,110 per kg on 5 and 19 October|
|Overall Monthly Performance||Decline|
October 2017 - Week 1 (1st-8th):
- Trading commenced with the white metal priced at Rs.39,500 per kg on the 1st of October.
- Thanks to steady industrial demand, priced remained unchanged the next day on the 2nd as well.
- The US dollar strengthened amid the possibility of a new interest rate hike by the Federal Reserve in December. This led to silver price in Jaipur dropping to Rs.39,115 per kg - the lowest recorded monthly figure - on the 5th.
- However, an increased domestic demand amid positive global trends led to rates recovering over to Rs.39,680 per kg on the 7th.
- Steady global, as well as domestic demand resulted in silver rate in Jaipur steady at Rs.39,680 per kg on the 8th.
October 2017 - Week 2 (9th-15th):
- Silver trade witnessed prices surging due to strong global cues coupled with the imminent arrival of the festive season during the week.
- The week commenced with the industrial metal trading at Rs.39,950 per kg on the 9th.
- Domestic demand seemed to improve with the festive season around the corner. This led to silver rate in Jaipur rising to Rs.40,040 per kg and Rs.40,285 per kg on the 10th and the 11th respectively.
- Demand remained steady for much of the week. This led to the silver price in Jaipur trading firm at Rs.40,390 per kg for the remainder of the week.
October 2017 - Week 3 (16th-22nd):
- The week began with silver being priced at Rs.40.440 per kg on the 16th. This was also the highest monthly figure recorded in Jaipur.
- However, with the dollar strengthening amid poor overseas trends, demand for the metal plummeted over the next few days. The white metal was priced at Rs.40,060 per kg on the 18th.
- Silver Price in Jaipur declined further to Rs.39,110 per kg on the 19th after a decline in industrial demand in the domestic markets.
- Thanks to the imminent arrival of Diwali, domestic demand picked up significantly pushing higher to Rs.40,285 per kg on the 20th.
- Steady local demand led to the silver rate in Jaipur trading at Rs.40,060 per kg for the remainder of the week.
October 2017 - Week 4 & Week 5 (23 -31):
- The final week witnessed prices declining owing to the strengthening of the dollar amid poor global cues during the week.
- Silver opened the week trading at Rs.40,040 per kg on the 23rd.
- Thanks to the increased buying from coin makers and industrial units, silver rate in Jaipur surged to Rs.40,060 per kg on the 24th.
- However, Silver price in Jaipur dropped to Rs.39,780 per kg due to a decline in global demand the next day.
- The next few days witnessed silver rates declining on account of the strengthening dollar amid negative overseas trends. This led to the white metal trading as low as Rs.39,115 per kg on the 28th and the 29th.
- However, demand seemed to pick up towards the end of the month. The industrial metal was recorded trading at Rs.39,435 per kg on the last day.
|Parameters||Silver price (per 1 kg)|
|Silver Rate on 1st September 2017||Rs.40,390 per kg|
|Silver Rate on 30th September 2017||Rs.39,530 per kg|
|Highest Rate in September||Rs.41,900 per kg on 9 and 10 September|
|Lowest Rate in September||Rs.39,530 per kg from 28 to 30 September|
|Overall Monthly Performance||Decline|
- Silver traded at Rs.40,390 per kg from 1-3 September.
- A slight increase was witnessed on the 04th when the white metal traded at Rs.41,075 per kg.
- On the 6th of September, silver prices in Jaipur increased further and traded at Rs.41,495 per kg as demand in the domestic market picked up.
- The demand for silver in Asia dropped as positive jobs data made the U.S dollar strong.
- As the news of a nuclear test by North Korea surfaced, investors all around the world rushed to invest in the bullion market which increased silver prices in Jaipur on the 08th. On this day, silver traded at Rs.41,675 per kg.
- On the 9th and 10th of September, silver recorded the highest selling price for the month of Rs.41,900 per kg as investors bought the white metal.
- Silver prices in Jaipur dropped in the second week of September due to reduced demand and strong dollar rate.
- In the second week of September, silver started at Rs.41,075 per kg.
- Due to strong U.S Dollar, demand from the local market reduced and silver rates dropped to Rs.41,030 per kg on the 12th of September before settling at Rs.41,075 per kg on the 13th of September.
- A Strong U.S Dollar kept silver prices low throughout the week.
- The lowest silver rate for this week was recorded from 14th of September to 17th of September when silver was sold at Rs.40,890 per kg.
- Silver in Jaipur traded at Rs.40,440 per kg on 18 September as there was a minor dip in orders from Europe.
- Silver prices in Jaipur continued to fall throughout week 3, with silver trading at Rs.39,670 per kg on 19 September.
- A small increase in silver prices was seen on the 20th of September when the white metal traded at Rs.40,060 per kg. This slight increase can be ignored as the prices quickly fell to Rs.39,670 per kg on the 21st of September.
- From 22nd to 24th of September, silver traded at Rs.40,040 per kg.
- The last week saw a further decline in the price of silver in spite of continued geopolitical tensions in the United States.
- Following the victory of incumbent Chancellor Angela Merkel in the German elections, silver traded at Rs.39,670 per kg on 25 September and briefly rose to Rs.40,520 per kg on 26 September.
- The impending Catalan independence referendum did not appear to sway markets, which continued to rise, leading to a drop in demand for silver.
- Silver prices in Jaipur dropped to Rs.39,530 per kg on 28th September and remained constant till the month ended on 30th September.
- The lowest silver price recorded for the month of September in Jaipur was from 28th to 30th of September when silver was sold at Rs.39,530 per kg.
- Silver prices for the month in Jaipur registered a loss of 2.12%
|Parameters||Silver price (per 1 kg)|
|Silver Rate on 1st August||Rs.38,925 per kg|
|Silver Rate on 31st August||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|
August ‘17- Week 1 (1st to 6th)
- The price of silver was stable as the week began but dropped due to a drop in industrial demand as a result of strengthening dollar rates.
- Silver was priced at Rs.38,925 per kg on 1 August on the back of strong demand from overseas industrial units.
- Demand for the metal fell to Rs.37,965 per kg on 3 August due to the rise of the dollar after a period of instability, which led to a reduction in orders from countries such as China.
- Local demand was also muted as industry continued to put off large volume orders due to higher taxes as a result of GST.
- Silver rate in Jaipur rose to Rs.38,120 per kg on 4 August but slipped back to Rs.37,235 per kg as the week ended on 6 August.
August ‘17- Week 2 (7th to 13th)
- Demand was on the upswing as geopolitical tensions in both Europe and the U.S. affected markets, leading to higher demand for the industrial metal.
- The week opened with silver priced at Rs.38,295 per kg on 7 August, with prices rising to Rs.38,345 per kg on 8 August as demand spiked.
- There was a surge in demand as disappointing data from the U.S. jobs market was released, leading to increased volumes of trading in bullion.
- Silver price in Jaipur rose to Rs.39,530 per kg on 11 August and the momentum kept prices stable till the week ended on 13 August.
August ‘17- Week 3 (14th to 20th)
- Silver price in Jaipur were more or less stable for the majority of the week as demand was steady.
- Silver was priced at Rs.39,670 per kg on 14 August as there was no change in the rate from the previous week.
- Markets rallied locally, resulting in prices dipping to Rs.38,815 per kg on 16 August in spite of global demand remaining high.
- The volatile stock markets led to an upsurge in demand for silver, as industrial units capitalised on a weak dollar.
- Silver rate in Jaipur reached Rs.39,530 per kg on 17 August before slipping back to Rs.39,115 per kg on 18 August.
- There was no change in price as the week ended on 20 August.
August ‘17- Week 4 (21st to 27th)
- The week opened with silver prices in Jaipur unchanged, trading at Rs.39,115 per kg on 21 August due to stagnant demand,
- Silver rate in Jaipur fluctuated this week as conflicting cues as well as dips in overseas demand led to volatile prices.
- Silver traded at Rs.39,265 per kg on 22 & 23 August before prices rose to Rs.39,355 per kg on 24 August as coin makers increased demand.
- The threat of a weapons test by North Korea and the approaching hurricane led to markets in the U.S. falling, though there was a drop in local demand.
- Silver price in Jaipur fell to Rs.38,995 per kg on 25 August and remained unchanged for the rest of the week in spite of a missile test by North Korea on 26 August.
August ‘17- Week 5 (28th to 31st)
- The final week of August saw a sharp increase in silver price in Jiapur as demand soared following the hurricane’s landfall and its economic impact.
- Silver traded at Rs.39,435 per kg on 28 August as local demand pushed prices marginally higher.
- The fallout of the missile test and resulting war rhetoric between the United States and North Korea rattled the markets and sent investors rushing to trade in bullion and commodity stocks.
- Silver rate in Jiapur jumped to Rs.40,190 per kg on 29 August as local demand also kept pace with overseas trading.
- Prices dipped slightly as the month ended, with silver trading at Rs.40,040 per kg on 31 August and recording an increase of 2.86%.
|July 1 Rate||Rs.38,640 per kg|
|July 31 Rate||Rs.38,640 per kg|
|Highest Rate in July||Rs.38,690 per kg on 3 July|
|Lowest Rate in July||Rs.36,035 per kg on 10 July|
|Overall Monthly Performance||No change|
July ‘17- Week 1 (1st to 9th)
- Silver prices in the first week of July reflected market trends, with a dip in price being recorded due to a reduction in order volumes from industrial units.
- The white metal traded at Rs.38,640 per kg on 1 July before prices rose to Rs.38,690 per kg on 3 July after a minor rise in demand.
- Investor sentiment rose around American independence day as markets rallied on increased trading, resulting in silver demand falling to Rs.37,705 per kg on 4 July.
- The decline in demand continued for the remainder of the week as the U.S. dollar price also saw an increase, with silver plunging to Rs.37,115 per kg on 7 July.
- There was no change in price as the week came to an end, with silver priced at Rs.37,115 per kg on 9 July.
July ‘17- Week 2 (10th to 16th)
- The release of positive data from the U.S. jobs market led to a sustained rise across markets, with the dollar rate exhibiting mild fluctuations.
- Silver was priced at Rs.36,035 per kg on 10 July as trading in the metal was on the decline due to unfavourable market conditions.
- Poor demand from coin makers and local jewellers also contributed to low volumes of trading in silver as the metal traded at Rs.36,270 per kg on 14 July.
- A late rally on the commodity exchanges resulted in silver prices rising to Rs.37,180 per kg on 15 July as the dollar fell sharply on news of an impending repeal of Obamacare.
- Prices remained constant as the week ended on 16 July as local demand also improved.
July ‘17- Week 3 (17th to 23rd)
- Prices remained unchanged with silver opening the week at Rs.37,180 per kg on 17 July and rising to Rs.37,600 per kg on 18 July on sustained demand from overseas industrial units.
- Asian demand peaked as markets were unstable due to economic uncertainty as well as an increase in political tensions between the U.S. and North Korea.
- Local demand began to rise after the imposition of GST as industrial units increased demand, pushing silver prices to Rs.37,705 per kg on 19 July.
- Demand rose towards the end of the week as the industrial metal traded at Rs.38,005 per kg on 22 & 23 July following a rise in international as well as domestic demand.
July ‘17- Week 4 (24th to 31st)
- Political tensions led to greater demand for silver during a traditionally lean period for the metal, as silver traded at Rs.38,120 per kg on 24 July.
- Demand fluctuated towards the middle of the week as European markets began to recover from poor runs in the previous week.
- Brexit talks between the E.U. and Britain also put a dampener on the markets, which led to silver prices rising to Rs.38,690 per kg on 27 July.
- Demand fell as local demand was saturated, leading to a decrease in orders and consequently the price of silver.
- The month ended with silver priced at Rs.38,640 per kg on 31 July, with there being no change in its value.
|June 1 Rate||Rs.40,285 per kg|
|June 30 Rate||Rs.38,995 per kg|
|Highest Rate in June||Rs.40,890 per kg on 7 June|
|Lowest Rate in June||Rs.38,455 per kg on 21 June|
|Overall Monthly Performance||Decline|
June 2017 - Week 1 (1st - 4th)
- Silver began trading at Rs.40,285 per kg when the month of June began.
- Prices, however, decreased to Rs.39,950 per kg as industrial offtake reduced and so did the demand from coin makers.
- Rates increased considerably to reach Rs.40,670 per kg - a Rs.720 increase - due to some positive signs in the bullion industry,
- Silver price in Jaipur remained at Rs.40,670 per kg as there was a sustained demand for the metal.
June 2017 - Week 2 (5th - 11th)
- Silver rates started at Rs.40,670 per kg on the 5th and remained unchanged on the 6th of June as well.
- The 7th saw silver rates hit a monthly high of Rs.40,890 per kg as global tensions increased and bullion rates took a leap all over the world.
- As the same amount of demand couldn’t be sustained, gold prices decreased on the 7th to reach Rs.40,725 per kg and then went down to Rs.40,285 per kg on the 9th.
- During the trading day on the 10th, silver rate in Jaipur decreased further to Rs.40,060 per kg and remained there till the end of the week on the 11th.
June 2017 - Week 3 (12th - 18th)
- Rates fell consistently during the third week of June as demand fell significantly as a direct impact of the US dollar strengthening.
- On the 12th of June, silver was priced at Rs.39,680 per kg, which then went down to Rs.39,435 per kg on the 13th.
- Silver price in Jiapur went down on the 14th - for the third consecutive day - to reach Rs.39,115 per kg but increased slightly to Rs.39,265 per kg on the 15th.
- After than unexpected increase the previous day, silver prices went on their downward path to go down to Rs.38,995 per kg.
- Over the last two days of June week 3 - i.e., the 17th and the 18th, gold prices 38,460 per kg.
June 2017 - Week 4 (19th - 25th)
- When the penultimate week of June began on the 19th, silver was trading at Rs.38,640 per kg - a Rs.180 increase from the previous day’s prices.
- Rates remained the same on the 20th, before decreasing to hit a monthly low of Rs.38,455 per kg - on the 21st of June.
- Prices went up slightly to Rs.38,460 per kg on the 22nd and gradually increased over the next couple days.
- The 23rd saw silver rates go up to Rs.38,690 per kg and then increase to Rs.38,925 per kg.
- When the week came to an end, silver rates in Jaipur were recorded at Rs.38,925 per kg.
June 2017 - Week 5 (26th - 30th)
- During the last week of June 2017, prices dropped and fell simultaneously, owing to a haphazard local demand.
- On the 26th, silver was priced at Rs.38,925 per kg, which then went down considerably to Rs.38,455 per kg on the 27th of June.
- The 28th saw prices increase to Rs.39,115 per kg, which continued to remain the same on the 29th as well.
- On the last day of June 2017, silver price in Jaipur fell marginally to reach Rs.38,995 per kg - marking a Rs.120 decline from the previous day’s rates.
- Silver rates in Jaipur fell at a rate of 3.20% in Jaipur due to a significant downturn demand which was spurred by weak global and domestic cues.
|May 1 Rate||Rs.40,040 per kg|
|May 31 Rate||Rs.40,060 per kg|
|Highest Rate in May||Rs.40,520 per kg on 30 May|
|Lowest Rate in May||Rs.37,705 per kg on 10 & 11 May|
May ’17 – Week 1 (1 to 7)
- The price of silver in the city of Jaipur reflected trends seen across major Indian cities, with prices dipping in the first week of May as markets were stable and global currencies were gaining.
- Silver traded at Rs.38,230 per kg on 4 May as industrial demand began to slow down due to the high import costs on account of a strengthening U.S. Dollar, which also impacted local demand.
- The end of the festive season also led to a reduction in demand for silver, with jewellers and coin makers alike reducing demand, leading to silver trading at Rs.37,965 per kg on 6 May.
- The price recovered marginally as the week ended, with silver trading at Rs.38,005 per kg on 7 may.
May ’17- Week 2 (8 to 14)
- Silver prices continued to drop in the second week of May as demand was sluggish due to a strong U.S. Dollar and lowered interest from investors in bullion.
- Silver was priced at Rs.37,965 per kg on 8 May and fell to a monthly low of Rs.37,705 per kg on 10 May as local demand also declined.
- Industrial demand stagnated in spite of a fluctuation in the U.S. Dollar towards the middle of the week, though local prices continued to trade lower than expected.
- The price rise marginally towards the end of the week, trading at Rs.38,005 per kg on 13 May and was unchanged as the week ended on 14 May.
May ’17- Week 3 (15 to 21)
- The third week saw a revival in the price of silver as market fluctuations and geo-political factors led to instability on the bourses across the world.
- Silver opened the week at Rs.38,230 per kg on 15 May and quickly rose to Rs.39,265 per kg on 18 May amidst an increase in demand by coin makers due to a fall in the rates of major global currencies.
- The U.S. Dollar began to drop on news of a possible change in direction in the Federal Reserve’s fiscal policy, which led to drop in the markets and renewed interest in bullion.
- Silver traded at Rs.39,115 per kg on 20 May after a minor drop in price the day earlier, bolstered by increased demand from local coin makers.
- The week ended with silver continuing to trade at Rs.39,115 per kg on 21 May as market conditions were conducive to a rise in price and demand.
May ’17- Week 4 (22 to 28)
- The fourth week of May saw the price of silver stabilise as demand was consistent.
- Silver was priced at Rs.39,265 per kg on 22 May and rose to Rs.40,040 per kg on 23 May as industrial demand increased following a dismal performance by the markets.
- The U.S. Dollar also failed to recover from its earlier losses, which led to higher demand from overseas and also boosted local demand.
- The price dipped in the subsequent days, with silver trading at Rs.39,670 per kg on 24 May as demand fell marginally.
- The price rose as the week ended, with silver reaching Rs.40,190 per kg on 27 May and 28 May.
May ’17 – Week 5 (29 to 31)
- The last week of May saw the price of silver remain more or less stable as industrial demand was consistent.
- Silver was priced at Rs.40,285 per kg on 29 May and rose marginally as local demand from coin makers rose.
- Prices reached a monthly high of Rs.40,520 per kg on 30 May as overseas demand spiked following the uncertainty caused by the crude oil incident .
- A decline in demand led to a drop in price, which led to silver trading at Rs.40,060 per kg on 31 May to register an overall increase in price 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|
April ‘17 - Week 1 (1st to 9th)
- Silver was priced at Rs.42,570 per kg on the first day of April in the city of Jaipur. Silver continued to trade at this rate on the 2nd of April as well.
- The U.S. Fed declined to adopt an aggressive stance regarding rate of interest, resulting in fluctuations in the rate of silver.
- The rate of this precious metal on the 3rd of April was Rs.42,435 per kg which then marginally increased to trade at Rs.42,730 per kg.
- The rate of this precious metal varied as the week progressed due to fluctuations in demand.
- Although the rate of silver on the 5th of April was Rs.42,775 per kg, due to sluggish data regarding U.S. economy the rate of silver fell.
- Silver traded at Rs.42,640 per kg on the 6th of April and fell to Rs.42,570 per kg on the 7th of April.
- Silver price increased to Rs.42,640 per kg on the last two days of the first week.
April ‘17 - Week 2 (10th to 16th)
- The rate of silver varied in Jaipur due to fluctuations in the demand for this metal from industrialists as well as coin makers.
- Silver traded at Rs.41,625 per kg on the 10th April and rate increased marginally the next day.
- On the 11th, this metal traded at Rs.41,780 per kg due to an increase in the demand for this metal.
- The rate of silver increased to trade at Rs.42,775 per kg on the 13th of April and this could be attributed to an increased demand.
- As the demand for this metal rose sharply, silver traded at Rs.43,055 per kg on the last two days of the week. This was also the highest at which silver was priced for the month of April in the city of Jaipur.
April ’17- Week 3 (17th to 23rd)
- Silver was priced at Rs.43,030 per kg on the 17th of April which was lower than the rate seen during the previous week.
- As the value of the U.S. dollar increased, the rate of silver reduced. This trend was noted throughout the entire week.
- Silver was priced at Rs.42,775 per kg on the 18th of April and fell to Rs.42,435 per kg on the 19th of April. This price was noted on the 20th of April as well.
- Silver traded at Rs.42,080 per kg on the 21st of April and fell the next day to trade at Rs.41,980 per kg. Silver continued to trade at this rate until the end of the week.
April ’17- Weeks 4 (24th to 30th)
- Silver was priced at Rs.41,625 per kg on the first day of the last week of April in Jaipur. This low rate can be attributed to a fall in the demand for this metal.
- As the demand from coin makers as well as industrialists continued to reduce, the price of silver declined again.
- Silver was priced at Rs.41,435 per kg on the 25th of April and fell to Rs.40,520 per kg on the 26th of April. This price was seen on the 27th of April as well.
- Emmanuel Macron, a centrist candidate won the first round of the presidential elections in France resulting in rate variations of silver.
- Due to stable but reduced demand for this metal, the price of silver was Rs.40,190 per kg on the 28th of April. The rate fell again and silver was priced at Rs.40,040 per kg on the last two days of the week. This was also the lowest at which silver was priced for the month of April.
- At the end of the month, a decline of 5.94% was noted in the rate of silver in Jaipur.
|March 1st Rate||Rs. 43,970 per kg|
|March 31st Rate||Rs. 42,115 per kg|
|Highest Rate in March||Rs. 44,100 per kg on 2nd March|
|Lowest Rate in March||Rs. 40,040 per kg on 15th March|
March ‘17 - Week 1 (1st to 5th)
- Silver prices in Jaipur were recorded at Rs.43,970 per kg on the 1st of March and fluctuations were in order for the remainder of the month.
- Prices rose by Rs.130 on the second to Rs.44,100 per kg, making it the highest rate of the metal recorded in March.
- Prices fell to a significant extent on the 3rd of March due to international events that affected gold as well, and silver traded at Rs.42,730 per kg on that day.
- Prices inclined to Rs.43,295 on the 4th of March as demand started to pick up, and they remained table for the following day as well to close the week at the aforementioned rate.
March ‘17 - Week 2 (6th to 12th)
- The price of silver on the first day of the second week of March was Rs.42,925 – with no incline being recorded in from the price on the closing day of the first week of the month.
- Prices dropped marginally on the next few days owing to decline in demand. They were recorded at Rs.42,570 per kg on the 7th of March, Rs.41,900 per kg on the 8th of March, and Rs.41,435 per kg on the 9th of March.
- A considerable decline on the 10th of March saw prices tumble to Rs.40,670 per kg, after which another decline saw rates drop to Rs.40,520 per kg on the 11th.
- Prices remained unchanged on the last day of the second week of March thanks to stable demand and the value of the metal on the last day of the week was Rs.40, 520 per kg.
March ’17- Week 3 (13th to 19th)
- The price of silver on the first day of the third week of March was Rs.40,760 per kg thanks to a small incline in demand.
- Prices fell by Rs.320 on the second day of the third week and were recorded at Rs.40,440 per kg.
- On the 15th of March, prices hit their lowest levels in the month as they touched Rs.40,040 per kg, after which an incline by Rs.850 saw them rise to Rs.40,890 per kg on the 16th.
- A minor decline on the 17th saw prices fall to Rs.40,815 per kg and rates remained stable for the next three days, closing the third week of March at Rs.40,815 per kg.
March ’17- Week 4 (20th to 26th)
- Silver opened the second last week of the month at Rs.41,075 per kg, marking a small incline from the closing levels of the previous week.
- Prices fell by Rs.350 on the 21st of March and were recorded at Rs.40,725 per kg.
- On the 22nd of the month, prices rose marginally and were recorded at Rs.41,230 per kg.
- Thanks to an incline in demand, silver closed the penultimate week of March on a strong note as rates rose to Rs.41,340 before rising again and closing the seven-day period at Rs.41,435 per kg.
March ’17 – Week 5 (27th to 31st)
- The price of silver on the first day of the last week of March was recorded at Rs.41,900 per kg.
- An incline by Rs.215 on the second day of the last week of March saw prices rise to Rs.42,115 per kg, and stable demand ensured that prices remained the same on the 29th of the month as well.
- Prices inclined by Rs.320 on the second last day of the month to settle at Rs.42,435 per kg, and a decline by the same amount on the last day of the month saw the metal close March at Rs.42,115 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|
February ‘17 - Week 1 (1st to 5th)
- Due to a reduced demand from industrialists and coin makers in domestic markets, the price of silver was relatively low during the beginning of the week.
- Silver was priced at Rs.42,520 per kg on 1st February, with the rate increasing to Rs.42,640 per kg on 2nd February .
- A fall in demand for this meta led to a decrease in price, as silver traded at Rs.42,115 per kg on 3rd February.
- Rates increased slightly as the week ended, with silver trading at Rs.42,335 per kg on 5th February, recording a weekly decrease of Rs.165 per kg in the rate of silver.
February ‘17 - Week 2 (6th to 12th)
- On the first day of the second week of February, silver traded at Rs.42,520 per kg on 6th February, with the prices rising to Rs.42,930 per kg on 7th February on increased demand from coin makers.
- Prices fluctuated during the week, with silver trading at Rs.42,950 per kg on 9th February before falling to Rs.42,375 per kg on 10th February due to a slump in industrial demand.
- An increase in local demand led to prices rising slightly as silver traded at Rss.42,570 per kg on 11th February.
- Prices remained unchanged as the week ended, with silver trading at Rs.42,570 per kg on 12th February.
February ’17- Week 3 (13th to 19th)
- A resurgent U.S. Dollar led to silver demand being muted as the week began, with the metal trading at Rs.43,280 per kg on 13th February.
- Prices rose to Rs.43,115 per kg on 15th February and later rose to Rs.43,520 per kg on 17th February due to a sudden drop in the value of the U.S. Dollar due to a projected drop in growth rates for the month.
- Local demand kept prices stable as demand fluctuated, trading at Rs.43,400 per kg on 18th February.
- The week ended with silver trading at Rs.43,400 per kg on 19th February, recording a weekly increase of Rs.120 per kg.
February ’17- Weeks 4 & 5 (20th to 28th)
- The price of silver in the last two weeks of February fluctuated due to U.S. Dollar rates and an uncertain market.
- Silver was priced at Rs.43,270 per kg on 20th February, with the price falling further to trade at Rs.43,240 per kg on 22nd February.
- A slight rise in demand from industrial units led to silver trading at Rs.43,680 per kg on 24th February.
- A drop in market value due to the implementation of various measures that could hurt the U.S. market in the long term led to greater demand for bullion.
- Silver prices rose to Rs.43,910 per kg on 25th February, with the price rising to Rs.44,110 per kg on 27th February.
- Silver prices continued to rise as the month ended, trading at Rs.44,165 per kg on 28th February to record an overall increase of 3.86%.
|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|
January ‘17 - Week 1 (1st to 7th)
- The price of silver in Jaipur reflected trends seen across the country, as prices rose due to an increase in demand.
- Silver was priced at Rs.39,035 per kg on 1st January and rose during the week, trading at Rs.39,065 per kg on 2nd January.
- Prices rose to Rs.40,285 per kg on 4th January on increased demand following a drop in markets.
- Silver traded at Rs.40,670 per kg on 5th January as domestic demand also rose, but prices fell as the week ended due to fluctuations in demand.
- Silver ended the week trading at Rs.40,390 per kg on 7th January, recording an increase in price of Rs.1,355 per kg.
January ‘17 - Week 2 (8th to 14th)
- Prices continued to rise in the second week of January due to increased demand from overseas markets, especially Asia.
- Silver was priced at Rs.40,390 per kg on 8th January as U.S. markets were unstable, which increased demand for silver.
- Prices rose to Rs.40,815 per kg on 10th January as industrial demand rose on increased orders from Asia.
- The drop in U.S. Dollar values led to higher silver exports, which boosted demand and resulted in the metal trading at Rs.41,265 per kg on 12th January.
- Prices dipped as the week ended, with silver falling to Rs.41,030 per kg on 13th January.
- Silver was priced at Rs.41,230 per kg on 14th January, registering a weekly increase in price of Rs.840 per kg.
January ’17- Week 3 (15th to 21st)
- Fluctuations in global markets resulted in silver prices being unstable in the third week, though silver traded high as the week began, retailing at Rs.41,230 per kg on 15th January.
- Consistent demand from overseas kept prices steady initially. As silver traded at Rs.41,990 per kg on 18th January.
- The price dropped to Rs.41,675 per kg on 20th January as demand began to fall due to market fluctuations which impacted demand.
- The week ended with silver trading at Rs.41,930 per kg on 21st January, registering a weekly increase of Rs.700 per kg.
January ’17- Weeks 4 & 5 (22nd to 31st)
- Silver prices fluctuated due to market forces in the last two weeks of January.
- Silver was priced at Rs.41,930 per kg on 22nd January and rose to Rs.42,180 per kg on 23rd January on sustained industrial demand.
- A dip in demand from Asia due to the Lunar New Year led to prices falling, as silver traded at Rs.41,435 per kg on 26th January.
- A rally by markets further lowered demand for the metal, as silver traded at Rs.31,075 per kg between 27th-29th January.
- Prices rose as uncertainty over the results of the U.S. Fed Reserve meeting led to the U.S. Dollar falling.
- Silver ended the month trading at Rs.41,980 per kg on 31st January, recording an overall increase of 7.54%.
Market Rates & Silver Price Trend in Jaipur
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
|Silver Rate In Delhi||Silver Rate In Ahmedabad||Silver Rate In Indore|
|Silver Rate In Surat||Silver Rate In Bhopal|
|Also Know: Gold Rate in Jaipur|
Read more on Silver
- About Silver Mining
- Amazing Facts About Silver
- Silver Jewelry
- Why Should You Invest in Silver?
- Are Long Term Silver Investments a Good Idea?
- Factors Influencing Silver Price in COMEX