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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.September 2017- Week 1 (1st to 10th)
- 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%
Trend of Silver Rate in Jaipur for September 2017 (rates per kg)
|Parameters||Silver price (per 1 kg)|
|Silver rate on 1st September||Rs.40,390 per kg|
|Silver rate on 30th September||Rs.39,530 per kg|
|Highest Rate in September||Rs.40,900 per kg on 9 and 10 September|
|Lowest Rate in September||Rs.39,530 per kg on 28 to 30 September|
|Overall Monthly Performance||Decline|
Trend of Silver Rate in Jaipur for August 2017 (rates per kg)
|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%.
Trend of Silver Rate in Jaipur for July 2017 (rates per kilogram)
|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%.
|December 1st Rate||Rs.40,450 per kg|
|December 31st Rate||Rs.39,035 per kg|
|Highest Rate in December||Rs.41,630 per kg on 8th December|
|Lowest Rate in December||Rs.38,700 per kg on 23rd December|
December '16 - Week 1 (1st to 4th)
- Silver was priced at Rs.40,450 per kg on 1st December as industrial demand propped up prices.
- Retail demand was poor due to the continued currency shortage, which put consumers off bullion purchases.
- Silver prices rose to Rs.41,070 per kg on 3rd December, with the price remaining constant till the week ended.
- Prices rose marginally due to steady demand from the industrial sector.
December '16 - Week 2 (5th to 11th)
- Prices rose in the second week, with silver trading at Rs.41,055 per kg on 5th December.
- Industrial demand was sluggish in India, but international demand was high, which kept prices stable.
- Silver rose to Rs.41,630 per kg on 8th December as market fluctuations led to increased demand for bullion.
- Prices dipped as the week ended, with silver trading at Rs.41,345 per kg on 11th December.
December '16 - Week 3 (12th to 18th)
- Prices began to drop in the third week as demand dropped slightly as industrial orders from Asia slowed down.
- Silver traded at Rs.41,345 per kg on 12th December, with the price falling to Rs.40,605 per kg on 15th December.
- Sluggish retail demand continued to put a dampener on trading, resulting in silver prices staying low.
- Silver was priced at Rs.39,305 per kg on 18th December, marking a significant fall in price.
December '16 – Week 4 (19th to 25th)
- The week before Christmas led to higher demand overseas, though domestic prices were still low.
- Silver traded at Rs.39,435 per kg on 19th December as demand dropped further.
- Markets rose as the festive season approached, which led to reduced demand for bullion owing to high import prices.
- Silver dropped to Rs.38,700 per kg on 23rd December, the lowest price for the month before recovering to end the week at Rs.38,725 per kg on 25th December.
December '16 – Week 5 (26th to 31st)
- The last week of December saw silver prices remain low as demand failed to meet expectations.
- Silver was priced at Rs.38,460 per kg on 26th December, with prices rising marginally as the week progressed.
- Retail demand picked up as the month ended, as the currency shortage abated and international demand also rose.
- Markets fluctuated as the year ended on fears of a slowdown in Asia, which helped boost silver demand.
- Silver traded at Rs.39,680 per kg on 29th December but prices fell to Rs.39,035 per kg on 31st December.
|November 1st Rate||Rs.42,910 per kg|
|November 30th Rate||Rs.41,055 per kg|
|Highest Rate in November||Rs.44,960 per kg on 9th November|
|Lowest Rate in November||Rs.40,190 per kg on 25th November|
November '16 - Week 1 (1st to 6th)
- Silver performed well in November as strong demand kept prices high as the month began.
- Silver was priced at Rs.42,910 per kg on 1st November as industrial demand increased.
- Domestic demand also showed signs of increasing due to the upcoming festive season.
- International markets were slipping as uncertainty over results of the impending U.S. presidential elections led investors to invest in bullion.
- Silver traded at Rs.44,180 per kg on 6th November, registering an increase in price due to consistent demand.
November '16 - Week 2 (7th to 13th)
- High demand for silver continued during the second week, with silver trading at Rs.43,685 per kg on 7th November.
- Prices rose to a monthly high of Rs.44,960 per kg on 9th November as the government announced the withdrawal of Rs.1,000 and Rs.500 notes effective immediately.
- The surprise demonetisation announcement led to large volumes of trade in silver, leading to a hike in prices.
- Silver traded at Rs.42,005 per kg on 13th November as a currency deficit led to demand for silver falling.
November '16 - Week 3 (14th to 20th)
- Silver prices began to fall as the shortage of notes brought on by demonetisation led to investors moving away from all but essential purchases.
- Silver was priced at Rs.41,760 per kg on 14th November as international trends also pointed to a weakening of demand for silver.
- A resurgent U.S. Dollar led to reducing silver exports, which reduced demand further.
- Silver traded at Rs.40,735 per kg on 20th November, registering a sharp drop in price.
November '16 - Week 4 and 5 (21st to 30th)
- The price of silver failed to recover in the last two weeks of November as the currency shortage continued to affect daily life.
- Silver was priced at Rs.40,890 per kg on 21st November amidst a decline in silver demand both domestically as well as overseas.
- The U.S. Dollar also made gains in the last week as speculation over a Fed rate hike gained momentum, which contributed to a reduction in silver demand.
- Silver traded at Rs.41,055 per kg on 30th November, registering a decline of over 4% during the month.
|October 1st Rate||Rs.45,900 per kg|
|October 31st Rate||Rs.43,035 per kg|
|Highest Rate in October||Rs.45,900 per kg on 1st and 2nd October|
|Lowest Rate in October||Rs.41,780 per kg on 15th and 16th October|
October ’16- Weeks 1 & 2 (1st-9th)
- Silver prices were high at the start of the month, trading at Rs.45,900 per kg on 1st October due to sustained demand from the industrial sector.
- With demand falling due to a stable currency market, prices dipped internationally but domestic demand kept prices stable.
- Silver prices fell sharply as the week ended due to a market rally, with demand falling significantly.
- Silver traded at Rs.41,800 per kg on 9th October for a decrease of Rs.4,100 per kg from the start of the week.
October ’16- Week 3 (10th- 16th)
- Increased domestic demand saw silver prices rise marginally in the second week.
- The price of silver was Rs.42,600 per kg on 10th October as jewellers increased demand on account of the festive season.
- Prices fluctuated due to market forces, with silver prices making small gains throughout the week.
- Prices dropped at the end of the week due to a decline in demand, with silver trading at Rs.41,780 per kg on 16th October, falling to its lowest price in the month.
- Silver prices fell by Rs. 820 per kg from the start of the week.
October ’16- Week 4 (17th-23rd)
- Silver saw a change in fortunes as demand rose due to international markets trading at monthly lows.
- Silver was priced at Rs.41,970 per kg on 17th October and prices rose for the remainder of the week on higher demand.
- The domestic market also saw a spike in silver purchase from the industrial sector.
- Silver traded at Rs.42,130 per kg on 23rd October, marking an increase in price of Rs.160 per kg from the start of the week.
October ’16- Week 5 (24th-31st)
- The last week saw the price of silver stabilise as market demand for the metal was more or less constant.
- Silver traded at Rs.42,330 per kg on 24th October as international markets renewed their interest in silver.
- The fluctuating stock markets also contributed to driving up the silver price, with silver rates being relatively unchanged during the week.
- Silver traded at Rs.43,035 per kg on 31st October, an increase of Rs.705 per kg from the price at the beginning of the week.
|1st Day||Rs.45,225 per kilogram|
|Last Day||Rs.45,750 per kilogram|
|Highest Price||Rs.47,820 per kilogram on 7th September|
|Lowest Price||Rs.45,225 per kilogram on 1st September|
September '16 - Week 1 (1st to 4th)
- Silver traded at Rs.45,225 per kilogram on 1st September.
- Expectations of an interest rate hike from the U.S. Federal Reserve was subdued on account of weak U.S. economic data.
- In the domestic market, demand for silver picked up.
- By the end of the week, silver was seen trading at Rs.46,760 per kilogram.
September '16 - Week 2 (5th to 11th)
- On 5th September, Silver traded at Rs.46,760 per kilogram.
- Silver rates were on the rise at the start of the week with prices touching Rs.47,820 per kilogram on 7th September, the highest for the month.
- The U.S. Federal Reserve raised expectations of an interest rate hike this month.
- Silver rates dipped and ended the week at Rs.46,835 per kilogram.
- The trend for this week was a marginal increase.
September '16 - Week 3 (12th to 18th)
- On 12th September, silver traded at Rs.45,715 per kilogram.
- Demand for silver was reduced as trends in the global and domestic market were gloomy.
- Prices fell to Rs.45,370 per kilogram by the end of the week as expectations of an interest rate hike from the U.S. Federal Reserve rose.
September '16 - Week 4 (19th to 25th)
- Silver prices rose this week as bullish trends took over the market.
- In light of the approaching U.S. presidential elections, the Federal Reserve decided to put a hold on the interest rate hike.
- Silver traded at Rs.46,110 per kilogram on 19th September.
- On the domestic front, there was an increased offtake by industrialists.
- On 23rd September, silver rates dropped to Rs.47,535 per kilogram and stayed constant till the end of the week.
September '16 - Week 5 (26th to 30th)
- Bearish sentiments rocked the global market leading to silver prices fluctuating.
- The volatile prices turned away savvy investors and buyers.
- Silver traded at Rs.46,950 per kilogram on 26th September.
- By the end of the week, silver traded at Rs.45,750 per kilogram.
- This week’s trend was a decline, but prices still indicated an overall increase for this month.
|1st August||Rs.49, 430 per kg|
|31st August||Rs. 45, 460 per kg|
|Highest Price||Rs.49, 670 per kg on 03rd August|
|Lowest Price||Rs.44, 805 per kg on 29th August|
|Trend||Decline in silver prices|
August '16 – Weeks 1 (1st to 7th)
- Silver traded at Rs.49, 430 per kg at the beginning of the week.
- Silver prices increased and decreased every alternative day during the first week of the month with the highest silver rate of the month on 03rd August at Rs.49, 670 per kg.
- Silver closed at Rs.47, 255 per kg at the end of the first week.
August '16 – Week 2 (8th to 14th)
- The first two days of the second week silver was traded at Rs.47, 460.
- A slight increase in silver prices was noted on the next two consecutive days when silver traded at Rs.48, 595 per kg and 48, 330 per kg on 10th and 11th of August respectively.
- Due to lack of demand silver prices fell and closed at Rs.47, 750 per kg on the last day of the week.
August '16 – Week 3 (15th to 21st)
- Silver opened at Rs.47,750 per kg and closed at Rs.46,690 per kg. There was a slight decline in silver prices throughout the week.
- Following weak trend abroad, silver prices continued to dip slightly due to lack of demand from local jewellers and coin makers during the course of the week.
- U.S rate hike speculations, U.S employment data and lack of interest displayed by silver participants contributed to the fall in silver prices.
August '16 – Week 4 (22nd to 28th)
- Silver prices almost remained steady with very less dip in prices due to market fluctuations.
- There was a slight increase in silver prices on the second day of the week but prices declined thereafter.
- Silver prices closed at Rs.45, 040 per kg by the end of the week.
August '16 - Week 5 (29th to 31st)
- On the first day of the week, silver prices traded at Rs.44, 805 per kg which was also the lowest silver rate recorded during the month.
- Silver prices increased slightly during the last two days of the week. Experts stated that the festive season in India will increase silver prices in the second half of the financial year.
- Silver closed at Rs.45,460 per kg on the last day of the month.
|1st Day||Rs.46,490 per kg|
|Last Day||Rs.48,970 per kg|
|Highest Price||Rs.49,745 per kg on 11th July|
|Lowest Price||Rs.46,490 per kg on 1st July|
July'16 - Week 1 and 2 (1st to 10th)
- Silver opened at Rs.46,650 per kg on the first day of the month which was also the lowest rate of silver for the entire month.
- Price of silver increased steadily henceforth after staying steady Rs.47,920 per kg over the next two days.
- Price of silver increased to Rs.49,300 on the 6th and declined marginally from there.
- Silver closed at Rs.47,750 per kg at the end of the week.
July'16 - Week 3 (11th to 17th)
- On the opening day of the third week of July, the price of silver was Rs.49,745 per gram which the highest for the month and the next day, although the price was marginally lower, it was still above the Rs.49,000 mark.
- After this, price of silver declined marginally.
- On the final day of the week, silver was priced at Rs.48,840 per kg and reduced even further, after.
July '16 - Week 4 (18th to 24th)
- There was a minor decline noted in the price of silver on the first day of week four as compared to the previous week.
- As the week progressed, the rate of silver declined due to a decrease in demand from coin makers and jewellers.
- The fourth week of the month closed with silver being priced at Rs.47,420 per kg.
July‘16 - Week 5 (25th to 31st)
- There was again a minor decline noted in the price of silver on the first day of the fifth week of July as compared to the rates of the previous week.
- There was a minor increase in the price mid-week, but declined again after.
- Silver closed at Rs.48,970 per kg on the last day of the month.
|June 1st Rate||Rs.38,640 per kg|
|June 30th Rate||Rs.44,635 per kg|
|Highest Rate in June||Rs.44,635 per kg on the 30th of June|
|Lowest Rate in June||Rs.38,640 per kg on the 1st of June.|
June 2016 – Week One(June 1st to June 4th)
- Silver traded at Rs.38,640 per kg on the 1st of June.
- The rate of silver increased to Rs.38.865 on the 3rd of June due to heavy demand.
- Silver traded at Rs.39.755 per kg on the 4th of June.
Jun'16 - Week 2 (5th to 11th)
- Silver traded at Rs.39,755 per kg on the 5th of June.
- Price dropped down to Rs.39,585 per kg on the 8th of June.
- Silver traded at Rs.41,265 per kg on the 9th of June.
- Silver traded at Rs,41,510 per kg on the 11th of June.
Jun'16 - Week 3 (12th to 18th)
- Silver remained unchanged at Rs.41,510 on the 12th of June.
- Silver rose to Rs.41,935 per kg on the 13th of June.
- Silver hit the highest for the week on the 16th of June at Rs,42,985 per kg.
- Prices dropped down during the next two days as silver traded at Rs.42,235 per kg on the 18th of June.
Jun'16 - Week 4 (19th to 25th)
- Silver traded at Rs.42,235 per kg on the 18th of June.
- As demand increased, the price of silver increased to Rs.42,405 on the 21st of June.
- The price of silver further rose over the week and hit the highest for the week on the 24th of June at Rs.43,465 per kg.
Jun'16 - Week 5 (26th to 30th)
- Silver remained unchanged at Rs.43,465 per kg on the 25th and 26th of June.
- The price of silver dropped down to Rs.43,245 on the 28th of June owing to low demand in the domestic and global market.
- Silver closed the month at Rs.44,635 on the 30th of June.
|1st May rate||Rs. 42,590|
|31st May rate||Rs. 39,065|
|Highest rate in May||Rs. 42,675 on 2nd of May|
|Lowest rate in May||Rs. 38,795 on 30th of May|
May '16 - Weeks 1 and 2 (1st to 8th)
- Silver trading began on a positive note in May, as prices were Rs. 42, 590 on 1st of May and Rs. 41, 875 on the 8th of May.
- The rates dipped for a bit in the first two weeks by a small margin.
- Weak demand from industry as well as market volatility leading to currency gains caused the metal to go into free fall.
- Speculation of an imminent rate hike by the US Federal Reserve led to an upsurge in the Dollar, which in turn brought down the price of silver.
May '16 -Week 3 (9th to 15th)
- Silver rallied and made some initial gains in the third week of May, bolstered by industrial demand and the turbulence in the currency markets.
- Silver traded at Rs. 41, 725 on the 9th of May and at Rs. 41, 255 on the 15th of May.
- The initial gains gave way to a dip in price as the US Dollar experienced a bout of strong trading on the back of positive data from the housing market and renewed possibility of an interest rate hike.
- Silver made some gains on the 12th of May, trading at Rs. 41, 570 but market factors led to a drop in price by the end of the week.
May '16 - Week 4 (16th to 22nd)
- The fourth week of May saw silver continue its downward slide.
- Silver was trading at Rs. 41, 255 on the 16th of May and at Rs. 40, 135 on the 22nd of May.
- The sharp drop in price was attributed to the strong showing from the U.S. housing market, which grew for the third successive month, strengthening the Dollar.
- The Dollar rallied against other currencies as investors put their faith in the currency once again, leaving silver to steadily decline in price.
May '16 - Weeks 5 and 6 (23rd to 31st)
- Silver prices continued to drop in the fifth and sixth weeks.
- Silver rates were Rs. 40, 060 on the 23rd of May and Rs. 39,065 on the 31st of May.
- Silver prices rose on the 24th of May before steadily losing value over the rest of the fortnight.
- A dip in demand by investors as well as industry contributed to the decline in rate.
|April 1st Rate||Rs.36,780|
|April 30th Rate||Rs.42,590|
|Highest Rate in April||Rs.42,690 on the 29th of April|
|Lowest Rate in April||Rs.36,000 on the 4th of April|
|Overall Performance||Gain / Positive|
Apr'16 - Weeks 1 & 2 (1st to 10th)
- Silver rates fluctuated during the first ten days of trading as prices were on the decline until the 4th of the month after which they increased steadily for the next four days before remaining steady for the last three days of the ten-day period.
- Prices were recorded at Rs.36,780 on the 1st of the month and Rs.36,620 on the tenth day of the month.
- Despite marginal declines in the first few days, prices rose and remained consistent during the last few days of trading thanks in main to firming international and domestic cues in addition to increase in industrial demand and higher offtake.
Apr ‘16 - Week 3 (11th to 17th)
- Silver prices fluctuated during the third week of trading as rates increased at the start of the week before recording a marginal decline Wednesday, and then rose again on Friday.
- Prices were recorded at Rs.37,115 on the 11th of April and Rs.39,110 by the end of the seven-day period.
- Prices were on the up by almost Rs.2000 over the third week of trading, marking a significant increase as a result of increase in demand and strong global cues.
Apr ‘16 - Week 4 (18th to 24th)
- The fourth week of April also witnessed fluctuations in silver rates as prices remained unchanged for the first two days before increasing on the following two days and then dipping marginally and remaining constant until the end of the week.
- Prices were recorded at Rs.38,920 on the first day of the week and Rs.41,155 on the last.
- Over the course of the week, prices jumped by more than Rs.2200, making the penultimate week of trading record the highest gains in the month of April.
Apr ‘16 - Week 5 (25th to 30th)
- Silver rates were mostly on the rise during the final week of trading as prices increased for the first three days before declining marginally on the fourth day and then picking up to record the highest price in the month before the final day on which it dropped by Rs.100.
- Prices were recorded at Rs.40,810 on the first day of the week and Rs.42,590 on the last day of the month.
|1st March rate||Rs.37,005|
|31st March rate||Rs.36,495|
|Highest rate in March||Rs.38,640 on 18th|
|Lowest rate in March||Rs.36,455 on 29th|
Mar'16 - Week 1 (1st to 6th)
- Silver prices were down in the first week of March.
- Prices were Rs.37,005 on 1st and Rs.36,640 on 6th.
- Silver prices fluctuated to a high of Rs.37,710 before shedding the gains and settling at Rs.36,640 for the week.
Mar'16 - Mar'16 - Week 2 (7th to 13th)
- Silver was up in the 2nd week.
- Prices were Rs.37,695 on 7th and Rs.37,710 on 13th.
- Silver rose to Rs.37,710 on 8th and remained at that level for the rest of the week.
Mar'16 - Week 3 (14th to 20th)
- Silver was up in the third week.
- Prices were Rs.37,650 on 14th and Rs.37,865 on 20th.
- During this week, silver touched a monthly high of Rs.38,640 before subsiding to Rs.37,865 by 20th.
Mar'16 - Week 4 (21st to 27th)
- Silver was down in the 4th week.
- Rates were Rs.37,930 on 21st and Rs.36,685 on 27th.
- Prices breached the 38,000 mark on 22nd at Rs.38,040 but declined to Rs.36,685 by 27th.
Mar'16 - Week 5 (28th to 31st)
- Silver rates were down again in the last days of the month.
- Prices were Rs.36,570 on 28th and Rs.36,495 on 31st.
|1st February rate||Rs.34,970|
|29th February rate||Rs.36,295|
|Highest rate in February||Rs.38,640 on 12th|
|Lowest rate in February||Rs.34,970 on 1st|
Week 1 (1st to 7th)
- Silver was up in the first week of February.
- Prices were Rs.34,970 on 1st and Rs.36,925 on 7th.
- Prices rose on back-to-back days till 7th to register an appreciation of Rs.1,325.
Week 2 (8th to 14th)
- Silver was up in second week’s trading also.
- Rates were Rs.36,950 on 8th and Rs.38,525 on 14th.
- Rates settled at Rs.38,640 by 12th before sliding down marginally to Rs.38,525 by the end of the week.
Week 3 (15th to 21th)
- Silver appreciated during third week’s trading.
- Prices were Rs.37,220 on 15th and Rs.37,930 on 21st.
- Silver was stable within the range of week start and week end rates.
Week 4 (22nd to 29th)
- Silver traded in the negative during the fourth week.
- Rates were Rs.37,615 on 22nd and Rs.36,295 on 29th.
- Silver was down for the most of the week, ultimately settling at Rs.36,295.
4 th January rate
31 st January rate
Highest rate in January
Rs.35,565 on 28th
Lowest rate in January
Rs.33,295 on 13th
Jan '16 - Week 1 (4 th to 10 th )
Silver gained value during the 1st week of January.
Prices were Rs.33,230 on 4th and Rs.33,865 on 10th.
Silver prices appreciated to Rs.34,220 from 4th to 8th before stabilizing at Rs.33,865 for the week.
Jan '16 - Week 2 (11 th to 17 th )
Silver Rates were up during the 2nd week.
Rates were Rs.33,750 on 11th and Rs.34,335 on 17th.
Silver declined to Rs.33,295 by 13th before recovering to Rs.34,335 by 17th to end the week on appositive note.
Jan '16 - Week 3 (18 th to 24 th )
Silver gained some more value in trading during the 3rd week.
Prices were Rs.34,115 on 18th and Rs.34,425 on 24th.
Prices appreciated to a high of Rs.34,480 on 22nd before dropping marginally to Rs.34,425 by 24th.
Jan '16 - Week 4 (25 th to 31 st )
Silver was up again in the 4th week, completing 4 consecutive weeks of price appreciation.
Rates were Rs.34,435 on 25th and Rs.34,930 on 31st.
Silver gained value to breach the 35,000-mark and touched a high of Rs.35,565 on 28th.
Prices fell on the next 2 days to settle at Rs.34,930, at which level they stayed on 31st.
|Highest rate in December||Rs.35,050 on 5th and 6th|
|Lowest rate in December||Rs.33,050 on 18th|
- Silver Rates appreciated in the 1st week.
- Prices were Rs.34,040 on 1st and Rs.35,015 on 7th.
- Silver rose to Rs.35,050 by 6th before dropping marginally to Rs.35,015 on 7th.
- Silver Rates declined in the 2nd week.
- Prices were Rs.34,415 on 8th and Rs.33,670 on 14th.
- Silver was selling as high as Rs.34,265 on 10th and as low as Rs.33,670 on 14th.
- Prices were stable overall in the 3rd week.
- Rates were Rs.33,230 on 15th and Rs.33,900 on 21st.
- Silver was mostly stable throughout the week and was trading between Rs.33,230 and Rs.33,900.
- Silver Rates depreciated in the final days of December.
- It was priced at Rs.34,020 on 22nd and Rs.33,405 on 31st.
- Silver traded a little over Rs.34,000 all through the 4th week, however prices fell below Rs.34,000 mark on 29th and bottomed out on 31st at Rs.33,405.
|Highest rate in November||Rs.37,670 on 1st, 2nd and 3rd|
|Lowest rate in November||Rs.33,940 on 30th|
- Silver Rates depreciated in the 1st week.
- Prices were Rs.37,670 on 1st and Rs.36,100 on 7th.
- Silver was stable at Rs.37,670 till 3rd before dropping by Rs.1,470 on 4th to Rs.36,200.
- Prices appreciated to Rs.36,450 on 5th and 6th before dropping to Rs.36,100 on 7th.
- Silver Rates declined again in the 2nd week of the month.
- Prices were Rs.36,100 on 8th and Rs.35,000 on 14th.
- There was no gain in value for silver throughout the week as prices fell to Rs.35,980 on 10th, Rs.35,490 on 11th and Rs.35,000 on 13th.
- Prices were stable overall in the 3rd week.
- Rates were Rs.35,000 on 15th and Rs.34,995 on 21st.
- Silver dropped to Rs.34,775 on 18th before regaining the lost value on 21st to settle at Rs.34,995 for the week.
- Silver Rates depreciated in the final days of November.
- It was priced at Rs.34,995 on 22nd and Rs.33,940 on 30th.
- Silver dropped to Rs.34,290 on 26th and to Rs.34,090 on 28th.
- There was another marginal drop of Rs.150 on the last day of the month which took prices to Rs.33,900.
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