Silver Rate In Kannur

  • Silver Rate Today ( 12 Dec 2019 )
    ₹ 47
    Today's Silver Rate per gram
    Compare Silver Price (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 ↑
    Daily Silver Rates
    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

    Silver Rate Trend

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    *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.

    Trend of Silver Rate in Kannur 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%
    • Silver price in Kannur started the month of November at Rs.50,500 per kg. The rates recorded an increase of Rs.500 per kg when compared to the previous month’s closing price after the US Federal Reserve cut its interest rates.
    • On 2nd November the rates recorded the highest for the month with every kilogram costing Rs.50,700. The increase in the prices was accounted to the ongoing trade war between the United States and China.
    • The rates of silver recorded its lowest for the month on 9 November with every kg costing Rs.47,200 before closing the month at Rs.48,100 per kg. Silver’s overall performance in Kannur over the month was –4.75%, trending downwards.

    Trend of Silver Rate in Kannur 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 Kannur 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 Kannur 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 Kannur 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 Kannur 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%
    • Silver opened at Rs.39,400 per kg, which was the lowest rate in the month of June. Prices increased over the course of the week closing at Rs.40,300 per kg on 9 June. This increase was due to fresh offtake by coin makers and industrial units.
    • Post this, there was a sharp dip in silver prices with the metal closing at Rs.39,600 per kg on 11 June. This was due to reduced offtake at the spot market by coin makers and industrial units. This fall was also due to weak overseas trends.
    • Towards the third week of June, a steady increase in the prices of silver were seen. The price of the metal peaked on 21 June closing at Rs.41,500 per kg. This increase in prices was due to increased offtake by industrial units and coin makers.
    • Silver closed at Rs.40,800 per kg at the end of the month (30 June). The almost steady rise in prices is due to global quantitative easing and growing economic worries.

    Trend of Silver Rate in Kannur 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%
    • After opening steadily at Rs.40,500 per kg, the silver rate in Kannur dropped constantly due to weak local and industrial demand clubbed with fluctuating overseas cues. On 12 May, the white metal was trading at Rs.40,100 per kg.
    • The ongoing trade dispute between US and China, despite causing economic uncertainty, did not affect the value of the US dollar. The value of the dollar being stagnant, and investor interest in silver fluctuating, the metal briefly rose to Rs.40,400 per kg on 14 May.
    • Local and industrial demand for silver continued to stagnate while weak overseas cues too had a negative impact on the silver rates. Furthermore, higher import costs for the metal deterred investors and buyers causing the price of the metal to plummet further. On 26 May, it dropped to Rs.30,400 per kg.
    • Tensions caused by the US Iran conflict unsettled global an US markets which did not help bullion offtake. The value of the metal still stagnated as demand still remained weak and fell steeply to Rs.39,100 per kg on 29 May. By the end of the month, it recovered slightly to Rs.30,400 per kg, recording a percentage decline of 2.71 for the month.

    Trend of Silver Rate in Kannur 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 Kannur 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%
    • At the start of the month, the silver rate in Kannur stood at Rs.42,700 per kg. This was a decline from the previous month as the dollar rose in value. During the same time, stocks too surprisingly took a hit. This was the highest that the metal stood at for the month.
    • On the 7th, the US dollar surpassed the Euro in value after the ECB (European Central Bank) postponed their interest hike, minimising potential gain for bullion propelled by darkened economic situations. Silver dipped in value at this point and stood at Rs.41.000 per kg.
    • Silver dipped in value on the 29th to Rs.40,200 per kg as the dollar strengthened along with equities. This was the lowest point for the metal in the month of March.
    • At the end of the month, silver was priced at Rs.40,600 per kg and showed a declining trend of 4.91%.

    Trend of Silver Rate in Kannur 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%
    • During the beginning of the month, the US Dollar was volatile and the overseas demand for the metal was not promising. Despite, poor trends overseas, silver opened at Rs.43,900 per kg on 01 February in Kannur.
    • Due to the ongoing trade disputes between the US and China, investors turned towards safe-haven assets. As the value of the equities dropped and the value of the US Dollar increased, the price of silver in Kannur inclined and hit a monthly high of Rs.44,100 per kg on 5 February.
    • As the value of the US Dollar recovered and due to the on-going Brexit uncertainty and the Sino-US trade crisis, the price of the silver quickly fell to a monthly low of Rs.42,700 per kg 14 February.
    • The demand for silver plummeted after positive economic data was released in the US. Silver prices fell and closed at Rs.43,300 per kg on 28 February and recorded an overall 1.36% decline during the month.

    Trend of Silver Rate in Kannur 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%
    • Despite a modest opening of Rs.41,500 per kg on 1 January, silver prices in Kannur rose steadily on industrial offtake and favourable overseas cues.
    • Silver traded at Rs.42,400 per kg on 9 January as coin makers increased orders due to the low dollar rate, with retail sales also boosting demand for the metal as silver traded at Rs.42,600 per kg on 15 January.
    • A minor dip in price due to declining Asian offtake and static industrial demand saw the metal trade at Rs.41,800 per kg on 22 January.
    • Fears of the economic impact of Brexit resulted in increased investor interest in silver and boosted prices towards the end of the month as the metal traded at Rs.43,900 per kg on 31 January.

    Trend of Silver Rate in Kannur 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 Kannur for December 2018:

    • On December 1, the silver rate in Kannur was Rs.38,500 per kg – the lowest price recorded in the month. On the back of an increase in demand from the regional coin makers and industries, the price of the white metal rose to Rs.39,500 per kg by December 6.
    • As the second week of December commenced, silver was traded at Rs.40,300 per kg on December 8. The price increased as bullion counters witnessed a lot of activity amid falling shares and a weakening dollar. Through that week, the rates continued to rise steadily and on the 14th, it finished trading at Rs.40,700 per kg.
    • In the third week, a slight reversal in this trend was observed. The price dipped to Rs.39,800 per kg on December 19 before jumping up to Rs.40,000 per kg on the 24th.
    • The prices continued to rise in the final week as well, with the silver rate eventually hitting the Rs.41,500 per kg mark on December 31. On that note, the white metal ended the month on a high, marking an incline of 7.79%.

    Trend of Silver Rate in Kannur 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 Kannur for November 2018:

    • In the first week of November, the price of silver in Kannur was on the rise owing to a healthy demand ahead for the metal of Diwali. After trading at Rs.40,900 per kg on November 1, the price jumped to Rs.41,500 per kg on November 4 and 6.
    • However, after the festive season, the demand for silver subsided among the local industrial units and coin makers. On the 13th, the price retreated to Rs.40,000 per kg. As the month went by, a rising dollar coupled with the U.S. – Sino trade war affected the Asian silver orders.
    • On the 15th, the price dropped to Rs.39,700 per kg as an improved greenback increased the cost of imports the local units. A rising U.S. dollar also prompted investors to steer clear of bullion and move their investments to the dollar.
    • It failed to recover at the end of the month as the silver rate on November 30 was Rs.38,800 per kg – a drop of 5.13% with respect to the start of the month.

    Trend of Silver Rate in Kannur 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):

    • Due to weak local and industrial demand, silver opened at Rs.41,100 per kg at the start of week 1.
    • The dollar the fell in value in comparison to other currencies causing the silver price in Kannur to be priced at Rs.42,000 per kg on 3 October.
    • At the end of week 1, industrial demand for the metal stabilized and the metal dipped in value to Rs.41,900 per kg.

    October 2018 - Week 2 (8-14):

    • Silver opened at Rs.41,500 per kg on the second week of October. However, due to an unstable US dollar and bullish equity market, the price dipped in the subsequent days.
    • Poor overseas trends clubbed with subdued local and industrial demand caused the value of the metal in the city to dip to Rs.41,200 per kg on 9 October.
    • Towards the end of week 1, industrial purchases for the metal rose causing the silver price in Kannur to increase marginally. Week 2 ended with silver being recorded at Rs.41,500 per kg.

    October 2018 - Week 3 (15-21):

    • Week 3 commenced with silver being priced at Rs.41,900 per kg. Strong demand from the local industries along with positive overseas trends influenced the price of the metal for the week.
    • Prices declined to Rs.41,400 per kg on 17 October, however; demand rose over the next couple of days and silver was recorded trading at Rs.41,900 per kg on 19 October.
    • Silver traded at Rs.41,400 per kg when the week came to an end as the local market failed to capitalise the depreciating US dollar and weak equity market trends.

    October 2018 - Week 4 (22-28):

    • When the week began on 22 October, silver rates in Kannur stood at Rs.41,500 per kg with domestic markets ramping purchases in the back of strong overseas market trends.
    • The US dollar index lost against a basket of apex currencies leading to a surge in demand for silver by industries and coin makers and silver was recorded trading at Rs.41,900 per kg on 24 October.
    • The industrial metal declined to Rs.41,700 per kg on 28 October influenced by subdued but steady demand from industries from the local market.

    October 2018 - Week 5 (29-31):

    • Silver traded at Rs.41,600 per kg when the week began on 29 October with poor demand from the domestic market impacted by the rising dollar and equities.
    • With the demand for the white metal declining as the month came to an end amid weak global cues, silver traded at Rs.41,200 per kg on 31 October.
    • Overall, the silver price in Kannur during the month of October inclined by 0.24% aided by firm overseas cues and stable demand from the local markets.

    Trend of Silver Rate in Kannur 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)

    • On 1st September 2018, silver prices stood at Rs.40,000 per kg in Kannur when the trading for the metal commenced.
    • After recording an incline of Rs.100 per kg on the 2nd of the month, silver rates in Kannur dipped to Rs.40,000 per kg on the 3rd and further fell and recorded a monthly low of Rs.39,500 per kg from 5th to 7th September.
    • Meanwhile, the ongoing trade war had a negative effect on the stock market and investors preferred safe-haven assets which helped silver rates in Kannur incline and close at Rs.39,700 per kg.

    September 2018- Week 2 (9-15)

    • Silver continued to trade at Rs.39,700 per kg on 9th September in Kannur amid steady demand for the metal and favourable overseas trends.
    • Silver prices inclined and traded at Rs.39,900 per kg from 11 to 13 September before falling to Rs.39,800 per kg on 14.
    • After the US inflation data was released, a slight dip in silver price was noted on the last day of the week when the metal traded at Rs.39,500 per kg.

    September 2018- Week 3 (16-22)

    • Silver continued to trade at the lowest rate for the month of Rs.39,500 per kg on 16 September but it recovered during the week due to high demand from the coinmakers.
    • In the following days, silver prices inclined and traded at Rs.39,700 per kg, Rs.39,800 per kg, and Rs.40,000 per kg on 17, 18, and 19 September respectively as the value of the US dollar declined compared to a basket of other apex currencies.
    • As the global trade tensions continued and negatively affected the stock market, silver rates further inclined and traded at Rs.40,100 per kg on 20 and 21 September before closing at Rs.40,300 per kg on 22.

    September 2018- Week 4 (23-30)

    • Silver continued to trade at Rs.40,300 per kg on 23 September amid poor domestic and overseas trend.
    • As the demand for the metal fell further, the price of silver dropped to Rs.40,000 per kg on 24 September but quickly managed to recover and inclined to Rs.40,200 per kg on 25 and further inclined to Rs.40,800 per kg on 26 September.
    • On 29 and 30 September, silver prices surged and hit a monthly high of Rs.41,200 per kg and recorded an overall incline of 3% for the month.

    Trend of Silver Rate in Kannur 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 to 5):

    • The week began with silver rate in Kannur holding at Rs.41,400 per kg on the 1st with strong domestic demand brought about by positive global cues. This was also the highest monthly figure recorded in the district.
    • Industrial demand dropped over the next couple of days with the US dollar rising on account of the stronger-than-expected US economic data.
    • On the 3rd, silver was recorded trading at Rs.41,000 per kg amid the poor trend overseas.
    • With the US dollar fluctuating towards the end of the week, silver in Kannur was priced at Rs.41,300 per kg on the 5th.

    August 2018 - Week 2 (6 to 12):

    • The week started off with silver trading at Rs.41,300 per kg on the 6th with steady local demand from industries and coin makers amid firm overseas trends.
    • With the US dollar losing ground against other apex currencies, demand for the metal surged and silver price in Kannur was recorded holding at a monthly high of Rs.41,400 per kg on the 9th.
    • However, with demand stabilising amid the recovering dollar and rising equities, silver finished at Rs.41,200 per kg on the 12th.

    August 2018 - Week 3 (13 to 19):

    • Silver prices dropped considerably as the third week rolled in amid the strengthening greenback and well-performing equity markets.
    • Rates plummeted to Rs.39,900 per kg on the 16th with domestic demand capped by the unfavourable trend overseas post the release of a positive US jobs and payrolls data which indicated an uptrend in the nation’s economy.
    • However, demand picked up slightly towards the end of the week as silver rate in Kannur was recorded holding at Rs.40,000 per kg on the 19th amid the firm trend overseas.

    August 2018 - Week 4 (20 to 26):

    • When trading commenced for the week, the white metal was priced at Rs.40,000 per kg on the 20th with subdued but steady demand despite weak global cues.
    • With the dollar value on the rise, demand for the metal dropped again during the week and silver price in Kannur was recorded holding at Rs.39,900 per kg on the 23rd.
    • Rates dropped to a monthly low of Rs.39,800 per kg on the 24th with poor domestic demand amid the weak trend overseas.
    • Demand for silver picked up considerably towards the end of the week after the US dollar index lost against a basket of other major currencies and the metal was priced at Rs.40,200 per kg on the 26th.

    August 2018 - Week 5 (27 to 31):

    • The final week saw silver rates fluctuating considerably with demand varying amid the inconsistent rupee-dollar dynamic.
    • On the 27th, silver was recorded trading at Rs.40,200 per kg with local markets capitalising on the previous week’s gains.
    • Prices rose to Rs.40,400 per kg on the 28th before dropping to Rs.40,300 per kg the following day as the US dollar began recovering from its previous rally of losses.
    • With investors and market participants refraining from making purchases amid speculations over the US interest rate hike, demand stabilised towards the end of the month,
    • Trading concluded for the month with silver rate in Kannur holding at Rs.40,300 per kg on the 31st, registering a loss of 2.65% in silver trade during the course of the month.

    Trend of Silver Rate in Kannur 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)

    • In Kannur, silver was traded at Rs.42,800 per kg on 1 July 2018.
    • On 3 July, a dip in the industrial demand for the metal was noted. Due to poor demand, the price of silver fell by Rs.400 and traded at Rs.42,400 per kg.
    • In the following days, as the demand for silver picked up, the metal traded at Rs.42,800 per kg midweek and remained stable for a few days.
    • The highest silver rate recorded in the month of July in Kannur was Rs.42,900 per kg. It was recorded from from 9 - 10 July.
    • Silver prices in Kannur could rise due to positive market trends and declining US dollar rates over other currencies.

    July 2018- Week 2 (11-17)

    • A drop of Rs.300 per kg was recorded in silver prices of the first day of week 2.
    • On 11 July 2018, silver prices stood at Rs.42,600 per kg.
    • As silver prices are directly proportional to the demand of the metal, the prices of silver fell throughout the week due to muted demand from coin makers, industrial units, and other small scale silver consumers.
    • Silver prices fell by Rs.400 per kg and traded at Rs.42,300 per kg from 12 - 14 July.
    • A slight hike in silver rates was noted on 16 July 2018 when the metal traded at Rs.42,300 per kg. However, silver prices could 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)

    • Silver prices continued to fall in week 3. On the first day of the week, silver rates fell by Rs.400 per kg and traded at Rs.41,700 per kg.
    • Though demand for the metal significantly affected silver rates in Kannur, this week the value of the US dollar played a crucial role.
    • On 20 July, the value of the US dollar increased over other currencies which caused silver prices to fall by Rs.400 per kg and the metal traded at Rs.41,300 per kg.
    • However, demand for the metal picked up and silver rates increased by Rs.400 per kg and traded at Rs.41,700 per kg from 21 to 22 July.
    • As demand for the metal was not steady, silver rates fell during the end of the week and closed at Rs.41,400 per kg on 24 July.

    July 2018- Week 4 (25 - 31)

    • Silver opened at Rs.41,500 per kg on 25 July. Stable demand from industrial units made silver prices increase by Rs.100 per kg.
    • Due to the decline of US dollar value, silver prices spiked on 26 July to Rs.41,800 per kg. However, demand for the metal dropped which naturally caused the decline in silver prices over the next few days.
    • The lowest silver price for the month of July was recorded on 28 and 29 July, when the metal traded at Rs.41,200 per kg.
    • As the US dollar rate fell, silver prices increased marginally and stood at Rs.41,400 per kg on 30 - 31 July.
    • Overall, silver prices fell by 3.27% in the month of July in Kannur.

    Trend of Silver Rate in Kannur 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):

    • When trading opened for the month silver rate in Kannur was recorded holding at Rs.42,800 per kg on the 1st.
    • With the US dollar strengthening following the stronger than expected US jobs and payrolls’ data, silver price dropped to Rs.42,600 per kg on the 2nd.
    • Silver continued trading at the same rate until the 5th before surging to Rs.42,900 per kg on the 6th amid market speculations ahead of the G7 summit.
    • Rates dropped to Rs.42,800 per kg on the 7th before rebounding to Rs.43,600 per kg on the 8th after President Trump targeted other heads of the G7 participating nations for inappropriate trade practices.
    • Trading closed for the week with silver price holding slightly higher at Rs.43,700 per kg with strong investor demand brought about by positive cues overseas.

    June 2018 - Week 2 (11 - 17):

    • The week commenced with silver rate in Kannur holding at Rs.43,900 per kg on the 11th with steady investor demand brought about by the weakened US dollar.
    • Prices surged to Rs.44,000 per kg on the 12th before plunging by Rs.100 to Rs.43,900 per kg on the 13th with local demand being capped by the recovering dollar.
    • Demand, however, picked up pace over the next few days with investors and market participants banking on the bullion market amid the losing US dollar index and poorly performing equity markets.
    • Silver in Kannur was recorded holding at Rs.44,300 per kg on the 14th before surging to a monthly high of Rs.45,000 per kg on the 15th amid the strong trend overseas.
    • The next couple of days saw silver prices stabilising at Rs.44,300 per kg with demand declining amid the recovering US greenback and rising equity markets.

    June 2018 - Week 3 (18 - 24):

    • The week began with silver in Kannur priced at Rs.43,400 per kg on the 18th after a rise in the dollar value led to domestic rates plummeting by Rs.900 per kg.
    • Silver rate surged to Rs.43,500 per kg on the 19th before dropping to Rs.43,100 per kg the following day on account of subdued domestic demand from industrial units and coin manufacturers.
    • The 21st witnessed silver price in Kannur dropping further to Rs.42,900 per kg with investors and market participants refraining from making purchases amid the strong US greenback and well-performing equity markets.
    • Rates remained unaltered at Rs.42,900 per kg over the next couple of days with subdued but steady local demand amid the weak trend overseas.
    • The week concluded with the white metal trading at Rs.42,900 per kg on the 24th with poor local demand from coin makers and industries amid the strong greenback and rising equities.

    June 2018 - Week 4 (25 - 30):

    • The final week opened with silver rate in Kannur holding relatively higher at Rs.43,200 per kg on the 25th as domestic markets picked up pace amid the weakening dollar and losing stock markets.
    • The rest of the week saw silver price declining considerably with the domestic bullion markets tumbling amid the recovering US greenback.
    • Strong dollar performances coupled with good returns on equities led to silver rate plunging to Rs.43,000 per kg on the 28th.
    • With local demand capped by the poor trend overseas, silver prices dropped further to Rs.42,800 per kg on the 29th.
    • Trading concluded for the month with the industrial metal priced at Rs.42,800 per kg on the 30th with subdued but steady domestic demand amid the weak global cues.

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

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

    May 2018 - Week 1 (1 - 6):

    • Silver trading was on the positive side this month, thanks to a rising demand seen towards the end of the month.
    • On the 1st of May, when trading started for this month, the white metal was priced at Rs.42,000 per kg.
    • With concerns rising ahead of the US-China trade war and the possible effect it could have, safe haven demand surged. This caused silver demand to rise locally as well and the metal traded at Rs.42,600 per kg on the 3rd.
    • The week drew to a close with the metal trading at Rs.42,600 per kg.

    May 2018 - Week 2 (7 - 13):

    • The second week of May began with silver rates dropping to Rs.43,200 per kg - a Rs.400 per kg decline from the previous day’s closing rates.
    • As demand continued to slow down, silver rates in Kannur dropped further to Rs.43,000 per kg on the 8th of the month.
    • Silver rates went up to Rs.43,100 per kg on the 9th before going up further up to Rs.43,300 per kg on the 10th of May.
    • With the market plummeting, and demand from industries rising, silver rates went further up to Rs.43,500 per kg on the 11th.
    • Demand remained steady for the next few days and silver prices held on at Rs.43,500 per kg till the closing hours of the week.

    May 2018 - Week 3 (14 - 20):

    • Third week’s trading started with silver opening at Rs.43,600 per kg on the 14th as there was speculations regarding the North Korea-US summit.
    • On the 15th, the white metal was priced at Rs.43,300 per kg which then dropped to Rs.43,000 per kg as demand weakened locally amidst poor global cues.
    • Prices went up to Rs.43,200 per kg on the 17th - a brief rise - before falling back to Rs.43,000 per kg on the 18th as the US dollar rose against other currencies.
    • On the final day of this week, the metal was priced at Rs.43,100 per kg as there was a low yet steady demand in the local market.

    May 2018 - Week 3 (14 - 20):

    • When the third week of May began on the 14th, the white metal’s rates had risen to Rs.43,600 per kg.
    • The US - North Korea summit, which was expected to be held in Singapore seemed to be inching towards an unexpected demise, silver prices received further impetus for the growth seen over the previous few days.
    • On the 15th, silver prices dropped to Rs.43,300 per kg before dropping further to Rs.43,000 per kg the next day as dollar continued to rise.
    • As demand remained weak, silver rates were seen holding at Rs.43,100 per kg on the final day of the week.

    May 2018 - Week 5 (28 - 31):

    • The last four day of May saw silver rates drop because of a resurgent dollar and a even slowed down local demand.
    • The week began with silver trading at Rs.43,000 per kg on the 28th before rising marginally to Rs.43,100 per kg the next day.
    • On the 30th, prices dropped to Rs.42,900 per kg as the metal couldn’t hold against the barrage of the dollar.
    • A rise in local demand caused rates to go up to Rs.43,100 per kg on the final day of the month.
    • Strong cues paired with a steady local demand helped silver rates incline by 2.61% this month.

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

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

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

    • The week began in Kannur with silver trading at Rs.41,400 per kg on the 1st amid the recovering US dollar index and equities.
    • The week saw silver price in Kannur greatly influenced by the uneven market trends that suppressed domestic demand for the metal.
    • Rates dropped to Rs.41,300 per kg on the 2nd before rising to Rs.41,600 per kg the following day on account of an increased offtake by industrial units.
    • With the US dollar index gaining against other apex currencies, the dollar strengthened. This led to silver being priced at Rs.41,300 per kg on the 4th.
    • With local demand held in check by the strong dollar, silver rate in Kannur plummeted to its lowest recorded monthly figure of Rs.41,000 per kg on the 5th.
    • The week came to an end with the industrial metal finishing slightly higher at Rs.41,200 per kg on the 7th with subdued but steady domestic demand for the metal.

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

    • The week opened with silver priced at Rs.41,200 per gram on the 8th with consistent demand from local industries and coin makers.
    • Silver price in Kannur remained untouched at Rs.41,200 per kg on the 9th before surging to Rs.41,300 per kg the next day amid firm overseas trends.
    • An incline in industrial orders brought about by the losing dollar led to silver rate in Kannur rising to Rs.41,700 per kg on the 11th.
    • Positive market trends coupled with improved demand led to rates rising further to Rs.42,000 per kg on the 12th.
    • Though prices dropped to Rs.41,600 per kg the following day as investor demand for the metal at the global front declined, the 14th witnessed silver rates rebounding to Rs.41,900 per kg on account an increase safe-haven demand internationally.
    • With market participants gravitating towards the bullion after the missile strikes on Syria, silver prices in Kannur were recorded holding at Rs.41,900 per kg on the 15th.

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

    • The fourth week began with the industrial metal trading at Rs.42,100 per kg on the 16th with strong local demand.
    • With geopolitical tensions rising in the Korean Peninsula and Syria, demand rose further and silver was priced at Rs.42,200 per kg on the 17th.
    • Strong global demand coupled with positive global cues led to silver rate in Kannur rising to Rs.42,500 per kg on the 18th.
    • Silver price in Kannur surged to Rs.43,700 per kg on the 19th with strong demand from local industrial units and coin makers.
    • With the US dollar losing its ground against other apex currencies, rates rose further to Rs.43,800 per kg - the highest recorded monthly figure - on the 20th.
    • The week ended with the white metal prices holding steady at Rs.43,800 per kg amid firm overseas market trends.

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

    • The final week began with silver trading at Rs.43,700 per kg on the 23rd with consistent industrial demand coupled with firm overseas trends.
    • Silver rate in Kannur declined considerably due to the recovering US dollar index and rising equity markets during the week.
    • With the greenback dominating against a basket of other emerging currencies, rates dropped to Rs.43,000 per kg on the 24th.
    • The 27th saw silver price in Kannur dropping to Rs.42,800 per kg and continued trading at the same rate the next day amid the weak market cues.
    • The month came to an end with silver rates closing at Rs.42,300 per kg on the last day with subdued but steady demand from local industries and coin manufacturers.
    • Kannur registered an incline of 2.17% in silver trade during the course of the month.

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

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

    March 2018 – Week 1 (1 – 4):

    • When trading began in Kannur, the industrial metal prices were recorded holding at Rs.41,100 per kg on the 1st amid firm overseas trends.
    • An increase in demand for the metal amid the losing equity markets led to silver rates surging to Rs.41,400 per kg on the 2nd.
    • Strong demand from local industrial units and coin makers coupled with positive global cues led to silver price in Kannur rising further to Rs.41,600 per kg on the 3rd.
    • The week came to an end with the white metal trading firm at Rs.41,600 per kg on the 4th amid the weakened US dollar and stock markets.

    March 2018 – Week 2 (5 – 11):

    • The second week commenced with silver price in Kannur holding steady at Rs.41,600 per kg on the 5th with domestic markets tracking a firm overseas trend.
    • Prices dropped to Rs.41,400 per kg on the 6th before rebounding to Rs.41,900 per kg the next day as the US dollar index lost against a basket of other emerging currencies with equities losing in the international trade.
    • With the US dollar regaining from the previous losses, prices dropped to Rs.41,500 per kg on the 8th.
    • Poor trends overseas coupled reduced industrial demand led to silver rate in Kannur dropping further to Rs.41,300 per kg on the 9th.
    • The dollar, however, failed to hold on to its gains with the equity markets tumbling in the world market. This led stockists and investors gravitating towards investments considered safer such as gold and silver.
    • The week ended with silver trading at Rs.41,600 per kg on the 11th amid positive overseas trends.

    March 2018 – Week 3 (12 – 18):

    • Prices initially fluctuated before gradually tumbling amid the strengthening dollar and rising equities during the week.
    • When trading began for the week, the white metal was priced at Rs.41,600 per kg on the 12th.
    • With the US employment data indicating a rise in jobs contributing to the US economy, the US dollar rose. This led to silver rates plummeting to Rs.41,400 per kg on the 13th.
    • The 14th saw silver price in Kannur rebounding to Rs.41,700 per kg after the abrupt dismissal of Rex Tillerson the US Secretary of State by President Trump led to the dollar losing significantly in the international market.
    • However, strong returns on equities and stocks over the next couple of days led to silver being priced at Rs.41,500 per kg and Rs.41,300 per kg on the 15th and the 16th respectively.
    • The strengthening US dollar index coupled with firmer equities led to silver rate in Kannur plummeting further to Rs.41,100 per kg on the 17th.
    • The week came to an end with the industrial metal prices holding firm at Rs.41,100 per kg on the 18th with subdued but steady domestic demand for the metal amid the poor trend overseas.

    March 2018 – Week 4 (19 – 25):

    • Trading commenced for the week with silver priced at Rs.41,000 per kg - the lowest recorded monthly figure - on the 19th.
    • Though rates recovered to Rs.41,200 per kg on the 20th, silver prices plummeted again to its lowest figure of Rs.41,000 per kg on the 21st after the US dollar held onto its gains from the previous session.
    • However, with stockists and investors speculating over the unevenly performing equity markets, demand for safe-haven assets improved. This led to silver price in Kannur rebounding to Rs.41,500 per kg on the 22nd.
    • Possibilities of a new Fed rate hike during the month led to the dollar losing further during the week. This led to silver being priced at Rs.41,600 per the kg the following day.
    • The week concluded with silver rate in Kannur holding steady at Rs.41,600 per kg on the 25th with strong and steady demand from industries and coin manufacturers amid positive global cues.

    March 2018 – Week 5 (26 – 31):

    • The last week began with silver trading at Rs.41,600 per kg on the 26th with markets tracking firm trends from the previous week.
    • With tensions rising between the US and Russia, demand for safe-haven assets surged. This led to silver price in Kannur surging to Rs.41,800 per kg on the 27th.
    • However, the US dollar rebounded soon with the dollar index gaining against a basket of currencies and silver was priced at Rs.41,500 per kg on the 28th before stabilising at Rs.41,400 per kg the next day.
    • The month came to an end with silver prices in Kannur holding at Rs.41,400 per kg on the 31st with subdued but steady demand from industrial units and coin manufacturers amid firm overseas trends.
    • Kannur registered an incline of 0.72% in silver rate in Kannur during the course of the month.

    Silver Rates In Kannur

    Silver is considered a safe haven during any crisis and currency devaluations. Many invest in the white precious metal to save their purchasing power during times of high inflation. Silver has a wide industrial application besides silverware fabrication and extensive use in decorative articles. Some of the important factors which affect silver rates crude oil prices, depreciating dollar, commodity prices and industrial demand among others.

    Silver rates in Kannur (Kerala) are affected by the aforementioned factors. Silver is used in the form of silverware and gift articles in Kannur. Various items of jewellery such as necklaces and rings are widely sold. Owing to its wide variety of industrial uses, the demand for the white precious metal is on the rise. As a result, silver is considered a valuable investment.

    Silver As An Investment In Kannur

    Small investors in Kannur are more keen on silver than gold given that the former is more affordable compared to the latter. Most consumers in Kannur view silver as a safe form of investment owing to its intrinsic value. There are several major stores across Kannur which offer a wide range of coins, silverware and jewellery.

    Physical silver: Silver is used for decorative items in Kannur. There are several prominent stores across Kannur which offer a wide range of designer silverware and jewellery. Many consumers in Kannur buy silver bars and coins which are considered the most conventional forms of investment. Silver is also widely sought in the form of intricate silverware in addition to various kinds of ornaments.

    Silver contracts: Silver is traded in National Multi Commodity Exchange (NMCE) and Multi Commodity Exchange (MCX). The minimum contract traded (silver micro) is 1 kg. Customers have to bear various charges such as brokerage fees and stamp duty among others. Trading in silver futures depends on gold prices and industrial demand among many others.

    Silver Price In Kannur

    1 kg of silver is pegged at Rs.36,400 in Kannur district in Kerala as on March 1, 2016, a 5.9% increase from Rs.34343 in December 2015. The price of 1 kg of silver was pegged at Rs.40185 in January 2015. The rate of silver decreased by -3.5% and -5.1% in the following months of June and July respectively to Rs.36019. The price of 1 kg of silver was pegged at Rs.35978 in September 2015. The price of silver fell further to Rs.35,234 and Rs.34100 in the months of October and November 2015 respectively.

    Also Check Silver Price in NearBy Cities of Kannur

    Silver Rate In Trivandrum Silver Rate In Kochi Silver Rate In Kozhikode
    Silver Rate In Malappuram Silver Rate In Salem Silver Rate In Coimbatore
    Also Know:Gold Rate In Kannur

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