Silver Rate in Jammu and Kashmir

  • Today's Silver Rate In Jammu and Kashmir ( 12 Dec 2019 )
    ₹ 47
    Today's Silver Rate per gram
    Compare Silver Rate In Jammu and Kashmir (Today & Yesterday)
    Today
    (12 Dec 2019)
    Yesterday
    (11 Dec 2019)
    Rate Change
    Silver (1 gram) ₹ 47 ₹ 46.5 ₹ 0.5 ↑
    Bar Silver (1 Kg) ₹ 47,000 ₹ 46,500 ₹ 500 ↑
    Silver Price In Jammu and Kashmir for Last 10 Days
    Date Silver (1 gram) Bar Silver (1 Kg)
    12 Dec 2019 ₹ 47 ₹ 47,000
    11 Dec 2019 ₹ 46.5 ₹ 46,500
    10 Dec 2019 ₹ 46.4 ₹ 46,400
    09 Dec 2019 ₹ 46.5 ₹ 46,500
    08 Dec 2019 ₹ 46.6 ₹ 46,600
    07 Dec 2019 ₹ 46.6 ₹ 46,600
    06 Dec 2019 ₹ 47.6 ₹ 47,600
    05 Dec 2019 ₹ 47.6 ₹ 47,600
    04 Dec 2019 ₹ 47.9 ₹ 47,900
    03 Dec 2019 ₹ 47.7 ₹ 47,700

    Weekly & Monthly Graph of Silver Rate in Jammu and Kashmir

    • 7 Days
    • 30 Days
    • 3 Months
    • 6 Months

    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Silver Rate in Jammu and Kashmir

    Jammu and Kashmir, the state which is known as “Heaven on Earth” might have had a tumultuous past, but recent times have seen the state develop and grow steadily. A laidback lifestyle and unique cultural identity have made it hold its own, enticing the whole world with its beauty. Silver is viewed as an intrinsic part of the lifestyle here, being used for multiple purposes, from utensils to adornments. Given that silver is not produced here, J&K depends on silver imported from different parts of the world to meet local demands. Silver prices in the state thereby depend on multiple factors, changing on a daily basis.

    Trend of Silver Rate in Jammu and Kashmir for November 2019 (rates per kg) 

    Parameters Silver Price (per kg)
    November 1 Rate Rs.50,500 per kg
    November 30 Rate Rs.48,100 per kg
    Highest Rate in November Rs.50,700 per kg on 2 and 3 November
    Lowest Rate in November Rs.47,200 per kg on 9 and 10 November
    Overall Monthly Performance Decline
    Percentage Change -4.75%

    Trend of Silver Rate in Jammu and Kashmir for October 2019 (rates per kg) 

    Parameters Silver Price (per kg)
    October 1 Rate Rs.47,400 per kg
    October 31 Rate Rs.50,000 per kg
    Highest Rate in October Rs.50,400 per kg on 26 and 27 October
    Lowest Rate in October Rs.47,400 per kg on 1 October
    Overall Monthly Performance Incline
    Percentage Change 5.4%

    Trend of Silver Rate in Jammu and Kashmir for September 2019 (rates per kg) 

    Parameters Silver Price (per kg)
    September 1 Rate Rs.51,600 per kg
    September 30 Rate Rs.48,500per kg
    Highest Rate in September Rs.55,200 per kg on 4 September
    Lowest Rate in September Rs.48,500 per kg on 30 September
    Overall Monthly Performance Decline
    Percentage Change -6%

    Trend of Silver Rate in Jammu and Kashmir for August 2019 (rates per kg)

    Parameters  Silver Price (per kg) 
    August 1 Rate  Rs.44,100  per kg
    August 31 Rate  Rs.51,600 per kg
    Highest Rate in August  Rs.52,200 per kg on 29 August 
    Lowest Rate in August  Rs.44,100 per kg on 1 August 
    Overall Monthly Performance  Incline 
    Percentage Change  17% 

    Trend of Silver Rate in Jammu and Kashmir for July 2019 (rates per kg)

    Parameters  Silver Price (per kg) 
    July 1 Rate  Rs.40,500 per kg  
    July 31 Rate  Rs.44,800 per kg  
    Highest Rate in July  Rs.44,900 per kg on 25 July  
    Lowest Rate in July  Rs.40,400 per kg on 2 July  
    Overall Monthly Performance  Incline  
    Percentage Change  10.61%  

    Trend of Silver Rate in Jammu and Kashmir for June 2019 (rates per kg)

    Parameters Silver Price (per kg)
    June 1 Rate Rs.39,400 per kg
    June 30 Rate Rs.40,800 per kg
    Highest Rate in June Rs.41,500 per kg on 21 June
    Lowest Rate in June Rs.39,400 per kg from 1 - 2 June
    Overall Monthly Performance Incline
    Percentage Change 3.55%
    • At the beginning of the month of June, the price of silver stood at Rs.39,400 per kg. The price remained unchanged from the end of May owing to stagnant local demand by industries and coin makers. Silver prices were at its monthly lowest on 1 – 2 June.
    • There was an increase in silver prices on a steady note as it touched Rs.40,300 on 9 June. This spike in the price of silver was attributed to an increase in the offtake by industrial units and coin makers.
    • The price of silver stood at Rs.40,100 per kg in Jammu Kashmir on 14 June as there was a shift of investors to the bullion. The metal recorded a monthly high of Rs.41,500 on 21 June as the US Federal Reserve announced that it was looking to cut interest rates.
    • The silver price trend in Jammu and Kashmir recorded a percentage incline of 3.55%.

    Trend of Silver Rate in Jammu and Kashmir for May 2019 (rates per kg)

    Parameters Silver Price (per kg)
    May 1 Rate Rs.40,500 per kg
    May 31 Rate Rs.39,400 per kg
    Highest Rate in May Rs.40,500 per kg on 1 and 2 May
    Lowest Rate in May Rs.39,200 per kg from 20-22 May
    Overall Monthly Performance Decline
    Percentage Change -2.71%

    Silver Rate in Jammu and Kashmir for May 2019

    • At the start of the month, silver rate in Jammu and Kashmir stood relatively stable at Rs.40,500 per kg. However, fluctuating overseas interest clubbed with weak local demand caused the white metal to fall sharply to Rs.40,000 per kg on 13 May.
    • As the US dollar stabilised, the local retail offtake declined causing local vendors to cut orders short as import costs rose dramatically. On 18 May, the price of the metal dipped to Rs.39,500 per kg.
    • Weak overseas demand prevailed while equity markets stayed volatile. Furthermore, the trade war between the U.S. and China, caused the price of silver in the city to decline further. On 22 May, it traded at Rs.39,200 per kg.
    • Even though the white metal saw a marginal increase in its price towards the end of the month, the month saw a percentage decline of 2.71. The month ended with silver trading at Rs.39,400 per kg.

    Trend of Silver Rate in Jammu and Kashmir for April 2019 (rates per kg)

    Parameters Silver Price (per kg)
    April 1 Rate Rs.40,600 per kg
    April 30 Rate Rs.40,500 per kg
    Highest Rate in April Rs.41,000 per kg on 9 April
    Lowest Rate in April Rs.40,200 per kg on 15 and 24 April
    Overall Monthly Performance Decline
    Percentage Change -0.24%

    Trend of Silver Rate in Jammu and Kashmir for March 2019 (rates per kg)

    Parameters Silver Price (per kg)
    March 1 Rate Rs.42,700 per kg
    March 31 Rate Rs.40,600 per kg
    Highest Rate in March Rs.42,700 per kg on 1 March
    Lowest Rate in March Rs.40,200 per kg on 29 March
    Overall Monthly Performance Decline
    Percentage Change -4.91%
    • The silver rate in Jammu and Kashmir at the beginning of the month was Rs.42,700 per kg. This was a mild decline in price from the previous month’s figures. As the price of the metal dipped in value, the US dollar saw an up rise in value in comparison with other currencies. At the same time, equities dipped in value. This was the highest price point of silver for the month.
    • The value of silver depleted again due to unfavorable economic trends. One of the economic events that affected the price of silver was the European Central Bank’s decision to postpone the increment of interest rates. As on 7th, silver traded at Rs.41,000 per kg.
    • On 29th, the white metal stood at its lowest for the month as it traded at Rs.40,200 per kg. During the same time period, equities too unconventionally dropped in value.
    • The percentage decline in value of silver for the month was recorded at 4.91. The month ended with silver trading at Rs.40,600 per kg.

    Trend of Silver Rate in Jammu and Kashmir For February 2019 (rates per kg)

    Parameters Silver Price (per kg)
    February 1 Rate Rs.43,900 per kg
    February 28 Rate Rs.43,300 per kg
    Highest Rate in February Rs.44,100 per kg on 5 February
    Lowest Rate in February Rs.42,700 per kg on 14 February
    Overall Monthly Performance Decline
    Percentage Change -1.36%
    • Fluctuating overseas trends impacted local offtake and silver managed to open at Rs.43,900 per kg when the trading for the metal began for the month of February.
    • As the value of the US Dollar fell, silver rates in Jammu and Kashmir surged and recorded the highest silver rate of Rs.44,100 per kg on 5 February.
    • As investors feared the impact of Brexit on the economy and the value of the US Dollar recovered, silver rates fell to Rs.42,800 per kg on 12 February and further fell and recorded a monthly low of Rs.42,700 per kg on 14 February due to muted demand.
    • Though silver rates recovered after recording the lowest monthly rate, during the end of the month, silver rates fell and closed at Rs.43,300 per kg as the positive economic data was released in the US. The value of silver fell by 1.36% during the month.

    Trend of Silver Rate in Jammu and Kashmir for January 2019 (rates per kg)

    Parameters Silver Price (per kg)
    January 1 Rate Rs.41,500 per kg
    January 31 Rate Rs.43,900 per kg
    Highest Rate in January Rs.43,900 per kg on 30 and 31 January
    Lowest Rate in January Rs.41,400 per kg on 2 December
    Overall Monthly Performance Incline
    Percentage Change 5.78%
    • The price of silver in Kashmir at the start of January stood at Rs.41,500 per kg. During this time, there was steady demand for the metal. On 9 January, the price of silver rose to Rs.42,400 per kg as retail sales for the metal increased.
    • The fluctuating dollar and market volatility caused higher offtake from industries and increased demand for the metal. On 17 January, silver was priced at Rs.42,900.
    • Prices dipped as Asian industrial demand continued to fall due to trade sanctions on China which impacted local demand as well, as silver dropped to Rs.42,100 per kg on 25 January.
    • An increase in investor interest resulted in a spurt in silver rates as the month ended, with the industrial metal trading at Rs.43,900 per kg on steady retail demand.

    Trend of Silver Rate in Jammu and Kashmir for December 2018 (rates per kg)

    Parameters Silver Price (per kg)
    December 1 Rate Rs.38,500 per kg
    December 31 Rate Rs.41,500 per kg
    Highest Rate in December Rs.41,500 per gram on 31 December
    Lowest Rate in December Rs.38,500 per gram on 1 December
    Overall Monthly Performance Incline
    Percentage Change 7.79%

    Silver Rate Trend in Jammu and Kashmir for December 2018:

    • The price of silver in Jammu and Kashmir on December 1 was Rs.38,500 per kg. Starting at this monthly low, the price moved up handsomely to reach the Rs.40,300 per kg mark on December 8.
    • The rise was caused by healthy demand from the local industries and coin makers, along with a weak dollar that supported the rise of silver. In the second week, however, the rise was rather slow. It was traded at Rs.40,700 per kg for four days from December 11 to 14.
    • The third week of the month was marked by rallying stocks and a strengthening dollar. As the investors shifted their holdings to the greenback, the price of silver fell to Rs.39,800 per kg by December 22. However, the final week of the year brought some reprieve for silver.
    • The rate soared remarkably to end the year at its monthly high at Rs.41,500 per kg, thus marking an overall rise of 7.79% in the price. Once again, this was caused by a falling dollar and sliding shares in the global markets.

    Trend of Silver Rate in Jammu and Kashmir for November 2018 (rates per kg)

    Parameters Silver price (per kg)
    November 1 Rate Rs.40,900 per kg
    November 30 Rate Rs.38,800 per kg
    Highest Rate in November Rs.41,500 per kg from 2-4 and 6 November
    Lowest Rate in November Rs.38,800 per kg on 30 November
    Overall Monthly Performance Decline
    Percentage Change -5.13%

    Silver Rate Trend in Jammu and Kashmir for November 2018:

    • Silver prices in Jammu and Kashmir saw a gradual decrease throughout the month of November. This was mainly due to less demand globally and the fall of the rupee against the dollar.
    • The price of the metal at the beginning of November was Rs.40,900 per kg, reaching the highest price in the month in the first week due to the festival of Dhanteras and Diwali. Various factors resulted in a further decrease in silver prices such as the increase in interest rates.
    • The interest of investors to the bullion also decreased due to the ongoing negotiations of Brexit.
    • The price of silver declined through the month and closed at Rs.38,800 per kg on 30 November 2018. The percentage decline of the metal for the month was 5.13%.

    Trend of Silver Rate in Jammu and Kashmir for October 2018 (rates per gram)

    Parameters Silver price (per kg)
    October 1 Rate Rs.41,100 per kg
    October 31 Rate Rs.41,200 per kg
    Highest Rate in October Rs.42,000 per kg on 3 October
    Lowest Rate in October Rs.41,100 per kg on 1 and 2 October
    Overall Monthly Performance Incline
    Percentage Change 0.24%

    October 2018 - Week 1 (1-7):

    • The industrial metal began trading at Rs.41,100 per kg when the week commenced amid an increase in demand from industries and coin makers due to strong overseas cues.
    • Silver prices in Jammu and Kashmir rose to Rs.42,000 per kg, with the increase in prices prompted by the strong demand from local industries due to positive global cues.
    • The white metal ended the week trading at Rs.41,900 per kg, surging by Rs.800 per kg over the opening price of the week.

    October 2018 - Week 2 (8-14):

    • Silver rates in Jammu Kashmir opened the week trading at Rs.41,500 per kg with subdued but stable demand from industries and coin makers backed by a rise in dollar value and equities.
    • Strong US greenback performances coupled with weak demand for the white metal led to a drop in rates further to trade at Rs.41,100 per kg on 11 October.
    • When the week ended, silver was trading at Rs.41,500 per kg, inclining due to strong demand from industries and coin makers.

    October 2018 - Week 3 (15-21):

    • The industrial metal opened the week trading at Rs.41,900 per kg, influenced by the drop in the US dollar value which led to domestic rates picking up over the weekend.
    • However, with the dollar appreciating over other apex currencies amid recovering equity markets, demand for silver declined and the metal was recorded trading at Rs.41,400 per kg on 17 October.
    • When the week ended, silver was seen trading at Rs.41,700 per kg on 18 October before dropping to Rs.41,500 per kg due to a drop in demand prompted by the rise in dollar value.

    October 2018 - Week 4 (22-28):

    • Silver began the week trading at Rs.41,500 per kg backed by the demand in local markets attributed to the dollar losing value.
    • Rates surged to Rs.41,900 per kg on 24 October due to a highly volatile market coupled with the fluctuating dynamics of rupee-dollar rates.
    • Silver closed the week trading at Rs.41,700 per kg with subdued but steady demand from domestic industrial units and coin makers.

    October 2018 - Week 5 (29-31):

    • Silver prices dropped to Rs.41,600 per kg when the week began after the dollar rose over other apex currencies which led to a drop of Rs.100 per kg from the previous week.
    • Trading for the white metal concluded when silver was recorded trading at Rs.41,200 per kg due to weak demand for the metal amid the strengthening of US dollar index and strong dollar rate.
    • Over the course of the month, the silver price trend in Jammu and Kashmir inclined by 0.24% prompted by the fluctuating rupee-dollar dynamics.

    Trend of Silver Rate in Jammu and Kashmir for September 2018 (rates per gram)

    Parameters Silver price (per kg)
    September 1 Rate Rs.40,000 per kg
    September 30 Rate Rs.41,200 per kg
    Highest Rate in September Rs.41,200 per kg on 29 and 30 September
    Lowest Rate in September Rs.39,500 per kg on 5, 7, 15-16 September
    Overall Monthly Performance Incline
    Percentage Change 3%

    September 2018 - Week 1 (1 - 8):

    • Trading opened for the month with silver in Jammu and Kashmir priced at Rs.40,000 per kg on the 1st with suppressed demand from industrial units and coin manufacturers.
    • Silver rates surged to Rs.40,100 on the 2nd before declining to Rs.39,500 per kg on the 5th amid the rallying dollar and bullish stock markets. This was also the lowest monthly figure recorded in the state.
    • The week came to an end with silver finishing slightly higher at Rs.39,700 per kg on the 8th with investors hedging on safe-haven assets amid the continued Sino-US trade dispute.

    September 2018 - Week 2 (9 - 15):

    • The week began with the white metal trading at Rs.39,700 per kg on the 9th with domestic markets capitalising on the previous week’s gains.
    • With the US dollar losing against other apex currencies following the poor US inflation data, demand for the metal surged and silver was recorded trading at Rs.39,900 per kg on the 11th.
    • However, with the greenback regaining lost ground, demand stabilised and silver was recorded trading at Rs.39,500 per kg on the 15th when the week ended.

    September 2018 - Week 3 (16 - 22):

    • The third week began with silver trading at Rs.39,500 per kg on the 16th with poor and subdued demand from local industries and coin makers.
    • The next couple of days saw prices inclining amid the tumbling dollar value and silver was priced at Rs.40,000 per kg on the 19th.
    • With investors and market participants mulled over the continued global trade dispute, demand for the industrial metal surged further during the week and silver was recorded trading at Rs.40,300 per kg on the 22nd.

    September 2018- Week 4 (23-30)

    • The final week began with silver price in Jammu and Kashmir holding at Rs.40,300 per kg on the 23rd with steady demand from the domestic market amid the firm trend overseas.
    • Demand for the metal dropped over the next two day and the white metal was recorded trading at Rs.40,2000 per kg on the 25th amid the recovering US dollar and well-performing stock markets.
    • However, with the US dollar index losing against a basket of other major emerging currencies, demand for the metal surged and silver was priced at Rs.41,200 per kg on the 29th and 30th, recording an overall incline of 3% during the course of the month.

    Trend of Silver Rate in Jammu and Kashmir for August 2018 (rates per kg)

    Parameters Silver price (per kg)
    August 1 Rate Rs.41,400 per kg
    August 31 Rate Rs.40,300 per kg
    Highest Rate in August Rs.41,400 per kg on 1 and 9 August
    Lowest Rate in August Rs.39,800 per kg from 24 August
    Overall Monthly Performance Decline
    Percentage Change -2.65%

    August 2018 - Week 1 (1 - 05):

    • Week 1 commenced with silver being priced at Rs.41,400 per kg, the highest the metal was priced for August 2018.
    • On 4 August, silver in Jammu and Kashmir rose by Rs.200 per kg. High demand from domestic jewellers and industries increased as silver stood at Rs.41,300.
    • Week 1 ended with silver trading at Rs.41,300 per kg. The price of the metal was unaffected by the incline in demand for the same.

    August 2018 - Week 2 (6 - 12):

    • Silver traded at Rs.41,300 per kg in Jammu and Kashmir at the start of week 2.
    • Silver was recorded at Rs.41,400 per kg on 9 August. The decline in price can be linked to to the fall of the dollar in comparison to other currencies. The price of silver was at its peak on this day.
    • A small decline in the value of silver was recorded at the end of week 2 as it was priced at Rs.41,200 per kg.

    August 2018 - Week 3 (13 - 19):

    • The price of silver remained unaltered as the month of August rolled into week 3.
    • The stability in price didn't last long as silver dipped to Rs.39,900 per kg on 16 August. This was influenced by the US economy recording a positive trend post the release of their employment data.
    • Week 3 ended with a slight increment in the silver price as it traded at Rs.40,000 per kg.

    August 2018 - Week 4 (20 - 26):

    • Silver price in Jammu and Kashmir stood stagnant from the end of week 2 as it still remained at Rs.40,000 per kg on 20 August.
    • The dollar, in comparison to other currencies increased in value on 23 August as silver dipped in value. The state experienced a decline in the price of silver as it stood at Rs.39,900.
    • Week 4 ended with silver being priced at Rs.40,200 per kg.

    August 2018 - Week 5 (27 - 31):

    • The fifth week started off with silver being priced the same as it did at the end of week 4.
    • Demand for the metal then increased during the course of week 5, causing the price of the metal in Jammu and Kashmir to increase as well.
    • The state recorded a declining trend of -2.65% with regard to the silver price. At the end of the month, the metal traded at Rs.40,300 per kg.

    Trend of Silver Rate in Jammu and Kashmir for July 2018 (rates per kg)

    Parameters Silver price (per kg)
    July 1 Rate Rs.42,800 per kg
    July 31 Rate Rs.41,400 per kg
    Highest Rate in July Rs.42,900 per kg on 9 and 10 July
    Lowest Rate in July Rs.41,200 per kg on 28 and 29 July
    Overall Monthly Performance Decline
    Percentage Change -3.27%

    July 2018- Week 1 (1-10)

    • On 1 July 2018, silver rates stood at Rs.42,800 per kg in Jammu and Kashmir.
    • Within the next two days, a slight drop in silver prices was recorded as the metal dropped by Rs.400 per kg and traded at Rs.42,400 per kg on 3 July 2018. The fall in silver rates was mainly due to the fall in demand for the metal from industrial units and coin makers.
    • Silver prices managed to restore back and hit Rs.42,800 per kg mid-week. Demand from industrial units and coin makers play an important role in the price of silver. As demand picked up, silver rates saw an increase.
    • On 9-10 July, the highest silver price of Rs.42,900 per kg for the month of July was recorded.
    • The increase in silver rates during the last two days of the week can be attributed to positive market trends and the declining US dollar rate over all other currencies.

    July 2018- Week 2 (11-17)

    • On 11 July 2018, silver prices stood at Rs.42,600 per kg. A drop of Rs.300 per kg was recorded from the previous day. Apart from a fall in demand, no other significant changes in external factors were noted.
    • The price of silver is directly proportional to the demand for the metal. As the demand for silver from coin makers and industrial units fell, the price of silver fell gradually during week 2 of July in Jammu and Kashmir.
    • Silver prices dropped continuously throughout the week.
    • Silver prices dipped further as the demand for the metal fell. The price of silver from 12 - 14 July stood at roughly Rs.42,200 per kg.
    • Though a slight increase in silver rates was noted on 16 July 2018 when the metal traded at Rs.42,300 per kg, it did not remain stable as the prices quickly dropped.
    • There was a decline in the US dollar value during the last few days of the week, but it did not affect silver rates much.
    • Silver dropped further and stood at Rs.42,100 per kg on 17 July.

    July 2018- Week 3 (18 - 24)

    • On 18 July 2018, silver was priced at Rs.41,700 per kg in Jammu and Kashmir.
    • Silver rates dropped by Rs.400 per kg compared to the previous day mainly due to poor demand.
    • Throughout the month of July, no significant external factors affected silver rates negatively. Demand was the only reason silver rates fell throughout this week.
    • On 20 July 2018, the price of silver further dipped to Rs.41,300 per kg. However, this could be due to a rise in the US dollar value.
    • Silver rates between 21 - 22 July stood at Rs.41,700 per kg. Though the prices slightly picked up on 21 and 22, the rates quickly fell to Rs.41,400 per kg on 24 July.

    July 2018- Week 4 (25 - 31)

    • On the first day of the week i.e., 25 July 2018, an increase of Rs.100 per kg was recorded. Silver opened at Rs.41,500 per kg.
    • On 26 July, the rate of silver increased by Rs.300 per kg and traded at Rs.41,800 per kg as the demand for the metal picked up.
    • The price of silver stood at Rs.41,200 per kg as on 28 - 29 July. This was also the lowest silver price recorded for the month.
    • By the end of the month, the price of silver increased as US dollar rates dropped slightly. The metal stood at Rs.41,400 on 30 - 31 July.
    • Overall, silver prices in Jammu and Kashmir fell by 3.27% in the month of July.

    Trend of Silver Rate in Jammu and Kashmir for June 2018 (rates per kg)

    Parameters Silver price (per kg)
    June 1 Rate Rs.42,800 per kg
    June 30 Rate Rs.42,800 per kg
    Highest Rate in June Rs.45,000 per kg on 15 June
    Lowest Rate in June Rs.42,600 per kg from 2 to 5 June
    Overall Monthly Performance Steady
    Percentage Change 0.00%

    June 2018 - Week 1 (1 - 10):

    • Silver prices in Jammu and Kashmir recorded significant surges during the first week of June due to a number of factors.
    • When the month began, silver was priced at Rs.42,800 per kg. As the US dollar seemed to strengthen ahead of a strong jobs data, prices dropped to Rs.42,600 per kg on the 2nd.
    • Rates remained unchanged till the 5th at Rs.42,600 per kg before going up to Rs.42,900 per kg on the 6th.
    • The 7th recorded a significant jump in silver prices as the metal traded at Rs.43,600 per kg - after the US President lamented against the “unfair trade practices” used by the other G7 members.
    • This outburst led to an increase safe haven demand, after the dollar fell. On the 8th, silver price in Jammu and Kashmir went up to Rs.43,700 per kg.
    • Over the final two days of this week, silver continued to trade at Rs.43,700 per kg, thanks to a stable local demand.

    June 2018 - Week 2 (11 - 17):

    • The second week of June began with silver prices holding at Rs.43,900 per kg - a Rs.200 rise from the previous day’s rates.
    • A strong local demand helped offset the strength of the dollar as well as the equity market, which led to silver trading at Rs.44,000 per kg on the second day of this week.
    • On the 13th, silver rates in Jammu and Kashmir dropped to Rs.43,900 per kg as the US and North Korea’s summit went ahead as planned, while trade war loomed large.
    • The 15th saw silver prices rise to a monthly high rate of Rs.45,000 per kg as the trade war between the US and China caused the market to drop and safe haven demand to rise.
    • Local demand was also in line with this but dropped on the final day of the week to Rs.44,300 per kg as the demand wasn’t sustainable.

    June 2018 - Week 3 (18 - 24):

    • The US dollar strengthened after the fall seen during the previous week, causing silver rates to go down to Rs.43,400 per kg when this week started.
    • This was a Rs.900 decline from the previous day’s session. On the 19th, prices went up slightly to Rs.43,500 per kg before going down to Rs.43,100 per kg on the 20th.
    • Due to a poor trend overseas and a weakened local demand, silver prices went down to Rs.42,900 per kg on the 21st.
    • The 22nd saw silver continuing at Rs.42,900 per kg and continue at this rate for the remainder of the week.
    • When the week ended on the 24th, silver was priced at Rs.42,900 per kg.

    June 2018 - Week 4 (25 - 30):

    • Silver prices dipped consistently over the course of this week due to poor demand across the country.
    • When the week began, the white metal was priced at Rs.43,200 per kg - a Rs.300 incline from the previous day’s rates.
    • On the 26th, rates went down to Rs.43,100 per kg and then to Rs.43,000 per kg the subsequent day.
    • As the US dollar continued to strengthen, silver prices dropped to Rs.42,800 per kg on the 28th of the month.
    • When the week and month ended, silver was priced at Rs.42,800 per kg and, despite fluctuations, there was no change in price trends this month.

    Silver as an investment

    Silver has been used for centuries, being passed down from generation to generation in Jammu and Kashmir. The affordability of silver makes it ideal for individuals who are just beginning their investment journey, providing them an excellent opportunity to invest in a time tested metal. A high demand coupled with limited resources make silver a smart investment, with its versatility ensuring there are always buyers for it.

    Physical Silver – Silver in the form of jewellery, coins, bars, utensils, statues, etc. are some of the popular artefacts in Jammu and Kashmir. These can be purchased at jewellers across the state and serve dual purposes, acting as a utility element and as an investment. Silver jewellery is often not ideal, if viewed only from the investment purpose, given the fact that there are a lot of making and wastage charges involved. Coins can be purchased from banks and jewellers, with the ones purchased from banks coming with quality assurance and purity certificates, making them more expensive. These artefacts can be pledged or sold for immediate cash, making them ideal during emergencies.

    Silver Contracts – New to most people in the state, silver contracts and futures are modern ways to invest in this precious metal. The National Multi Commodity Exchange, the Multi Commodity Exchange and the National Commodity and Derivatives Exchange offer platforms for people to participate in silver trade. This option to invest in silver comes with a certain element of risk attached and a good knowledge about how markets function can be a huge advantage.

    Read more on Silver

    Silver Rate - Sitemap

    Silver Rate In Metro Cities
    Silver Rate In Other Capitals
    Silver Rate In Other Major Cities
    Silver Rate In States

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.