• Silver Rate in Karnataka

    Daily Silver Rates
    Date Silver (1 gram) Bar Silver (1 Kg)
    10 Dec 2018 ₹ 40.3 ₹ 40,300
    09 Dec 2018 ₹ 40.3 ₹ 40,300
    08 Dec 2018 ₹ 40.3 ₹ 40,300
    07 Dec 2018 ₹ 39.6 ₹ 39,600
    06 Dec 2018 ₹ 39.5 ₹ 39,500
    05 Dec 2018 ₹ 39.6 ₹ 39,600
    04 Dec 2018 ₹ 39.6 ₹ 39,600
    03 Dec 2018 ₹ 39 ₹ 39,000
    02 Dec 2018 ₹ 38.5 ₹ 38,500
    01 Dec 2018 ₹ 38.5 ₹ 38,500

    *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 Karnataka

    Silver is held in high regard across various sections in India owing to its store of value. The white precious metal, is considered a safe bet during periods of financial instability and inflation. Many consumers buy gift articles made of silver during the wedding season. The precious metal is believed to bring in prosperity and good luck. Not surprisingly, silver articles are widely used for the performance of several rituals.

    Silver rate in Karnataka depends on a wide range of national and international factors. Silver is viewed as a traditional investment used in the form of trendy gifts during festivals, weddings, temple jewellery besides any other auspicious occasion. The white precious metal is bought by people across different age groups for a variety of uses.

    Trend of Silver Rate in Karnataka 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%

    Trend of Silver Rate in Karnataka 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):

    • August began with silver in Karnataka trading at its highest for the month. As on 1 August, the metal was priced at Rs.41,400 per kg.
    • Domestic demand for silver in the state dipped the next day creating a decline in the value for the metal. The price dropped by Rs.300 per kg, and stood at Rs.41,100 per kg.
    • Silver then stabilised in value over the next few days before experiencing a hike in the price on 4 August. Silver surged by Rs.200 per kg as demand for the metal amongst local industries and jewellers increased. This surge in demand, however, did not affect the price of silver in the state.
    • At the end of week 1, the price of silver in Karnataka stood at Rs.41,300 per kg.

    August 2018 - Week 2 (6 - 12):

    • Industrial demand for silver in the state plummeted at the start of week 2, naturally causing a dip in the value of silver. The metal was priced at Rs.41,300 per kg.
    • On 7 August, the US economy showed positive trends causing the value of the dollar to rise and the silver price in Karnataka to plummet to Rs.41,200 per kg.
    • After the metal declined in value, a significant hike was recorded on 9 August as silver was trading at Rs.41,400 per kg. The uprise in the price of silver can be linked to the decline in the value of the dollar in correspondence with other currencies.
    • The next day, domestic demand for the metal declined causing the price of silver in the state to plumet too. On 10 August, silver was recorded at Rs.41,100 per kg. Throughout the entire month, the price of silver was determined by the variation in demand for the metal.
    • Week 2 ended with silver experiencing a slight hike in its value as it was trading at Rs.41,200 per kg.

    August 2018 - Week 3 (13 - 19):

    • On 13 August, silver commenced trading Rs.41,200 per kg.
    • The next day, silver price in the state experienced a decline as it fell a couple of points to Rs.40,900. A drop in demand could have been the cause for the decline.
    • During week 3, US released employment data which had a favourable impact on its economy. This led to the incline in the value of the dollar, in turn depleting the value of silver.
    • Despite the fact that the dollar rose in value, the metal in Karnataka uncharacteristically rose in value on 15 August to Rs.41,100 per kg. However, the hike did not last long as the value of silver dipped the very next day to Rs.39,900 per kg.
    • During 17 - 19 August, silver in the state experienced a spike in its value and rose by Rs.100 per kg. Silver in Karnataka, at the end of week 3, closed at Rs.40,000 per kg.

    August 2018 - Week 4 (20 - 26):

    • At the start of week 4, the price of silver in the state remained unaltered as it stood at Rs.40,000 per kg.
    • The price of silver then rose in value by Rs.100 per kg to Rs.40,100 on 22 August.
    • The metal then dipped a few points to Rs.39,900 as the dollar rose in value in comparison to other currencies.
    • In subsequent days, demand for the metal declined causing its price to drop further to Rs.39,800 per kg.
    • Week 4 ended with silver substantially increasing in value to Rs.40,200 per kg.

    August 2018 - Week 5 (27 - 31):

    • Silver was priced at Rs.40,200 per kg at the start of week 5.
    • As demand for the metal from local industries and jewellers increased, its value rose in the state of Karnataka as well.
    • The week ended with the dollar rising in correspondence to other currencies, causing the silver price to decline to Rs.40,300 per kg. The month recorded a declining trend in silver price at the rate of -2.65%.

    Trend of Silver Rate in Karnataka 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 Karnataka, silver was traded at Rs.42,800 per kg on 1 July 2018.
    • On 3 July, the price of silver fell by Rs.400 per kg and traded at Rs.42,400 per kg. The fall in demand for the metal from industrial units and coin makers led to the decline of silver rates.
    • However, during the week, silver prices picked up and traded at Rs.42,800 per kg. During this time, a spike in demand was noted.
    • On 9 and 10 July, the highest silver price of Rs.42,900 per kg was recorded for the month in Karnataka.
    • Positive market trends and the declining US dollar rates over all other currencies caused the increase in silver prices.

    July 2018- Week 2 (11-17)

    • On 11 July, silver rates fell by Rs.300 per kg and traded at Rs.42,600 per kg. The fall in silver prices was due to a dip in silver intake in Karnataka.
    • Silver prices dipped further as the demand for the metal fell. The metal traded at Rs.42,200 per kg from 12 - 14 July.
    • On 16 July 2018, silver traded at Rs.42,300 per kg. Though a marginal increase was noted on this day, the prices of the metal quickly dropped.
    • Though there was a decline in the dollar value during the last few days of the week, it did not affect silver rates much.
    • Silver rates fell by Rs.200 per kg and closed at Rs.42,100 per kg on 17 July 2018.

    July 2018- Week 3 (18 - 24)

    • Due to a lack of demand, silver rates dropped by Rs.400 per kg on the first day of the week. On 18 July 2018, silver was priced at Rs.41,700 per kg.
    • Though silver rates were not greatly influenced by any other external factors except demand throughout the month, a rise in US dollar value affected silver rates in the third week of July in Karnataka.
    • On 20 July 2018, due to a rise in US dollar value, the price of silver further dipped to Rs.41,300 per kg.
    • Silver rates stood at Rs.41,700 per kg from 21 - 22 July. 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)

    • An increase of Rs.100 per kg was recorded 25 July 2018 when silver traded at Rs.41,500 per kg.
    • On 26 July, silver prices further increased by Rs.300 per kg and traded at Rs.41,800 per kg as the demand for the metal picked up.
    • However, as the demand for the metal faded, the price of silver fell and stood at Rs.41,200 per kg from 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, the prices of silver fell by 3.27% in the month of July in Karnataka.

    Trend of Silver Rate in Karnataka 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 the week started, silver rates in Karnataka were recorded at Rs.42,800 per kg on 1 June. The demand for the metal from local industries and coin manufacturers remained stable amid positive overseas trends.
    • With the US dollar growing stronger day by day against other major emerging apex currencies, silver rates fell to the monthly low of Rs.42,600 per kg on 2 June.
    • Silver rates remained stable till 5 June due to subdued local demand coupled with declining interest overseas led to rates stagnating.
    • Silver prices fell further to Rs.43,600 per kg on 8 June on steadily declining demand.
    • Prices rose to Rs.43,700 per kg on 9 June as the value of the US dollar fluctuated and markets got jittery just before the summit.
    • Silver closed at Rs.43,700 per kg on 10 June on steady domestic demand and positive overseas trends.

    June 2018 - Week 2 (11 - 17):

    • As the industrial demand of the metal picked up, there was a small hike in silver prices at Rs.43,900 per kg on 11 June. On the other hand, investors were capitalising on the previous session’s gains on the commodity markets.
    • Due to positive investor sentiments, silver prices in Karnataka continued to rise and traded at Rs.44,000 per kg on 12 June. However, prices quickly fell to Rs.43,900 per kg on 13 June.
    • Silver traded at Rs.44,300 per kg on 14 June as local coin makers increased.
    • Prices surged to Rs.45,000 per kg on 15 June, the highest rate for the month of June in Karnataka.
    • In the next few days, the price of the metal fell and traded at Rs.44,300 per kg for the rest of the week as the domestic demand for silver stabilised in spite of declining overseas interest.

    June 2018 - Week 3 (18 - 24):

    • Silver prices fell drastically on the first day of week 3 as the value of the US dollar grew stronger. On this day, the metal traded at Rs.43,400 per kg.
    • Poor demand from industrial units coupled with a strengthening U.S. Dollar led to a drop in the price of the metal across domestic and international markets.
    • As the domestic demand for the metal picked up and traded at Rs.43,500 per kg on 19 June. But, the overall demand for the metal was poor due to to the steady equity and currency markets.
    • The metal fell further to Rs.42,900 per kg on 21 June due to the impending Federal Reserve meeting and the expected schedule of interest rate hikes.
    • Demand from local coin makers was flat due to the rising dollar, as the trade tariff crisis led to equity disturbances.
    • The week ended with silver priced at Rs.42,900 per kg on 24 June.

    June 2018 - Week 4 (25 - 30):

    • Silver opened at Rs.43,200 per kg on 25 June. An incline of Rs.300 per kg in silver rates was noted on the first day of the week.
    • Prices did not change much due to the fluctuating dollar throughout the week.
    • The escalating of tensions between the United States and China over trade tariffs caused further fluctuations across global markets, though silver prices did not reflect a change.
    • Silver rates fell to Rs.42,800 per kg on 29 June due to poor overseas demand.
    • The month ended with silver priced at Rs.42,800 per kg on 30 June. The overall trend in silver prices remained steady throughout the month in Karnataka.

    Trend of Silver Rate in Karnataka 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 (1st - 6th)

    • Silver trading in Karnataka saw consistent improvement over the course of this month, with rates reaching the highest levels towards the fourth week of the month.
    • On the 1st of May, when trading began, silver was priced at Rs.42,000 per kg. This was also the lowest silver price for the month.
    • As demand was on a steady incline, silver rates went up to Rs.42,600 per kg on the 3rd before continuing to hold steady for the remaining few days of this week.

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

    • The second week’s trading started with silver prices holding at Rs.43,200 per kg - a slow and consistent improvement from the previous week’s rates.
    • As the dollar seemed to incline, silver rates fell slightly on the next day to trade at Rs.43,000 per kg on the 8th of May.
    • On the 9th, silver rates went up slightly to Rs.43,100 per kg before rising to Rs.43,300 per kg as demand in the local market was on a steady incline.
    • Silver prices in Karnataka went further up to Rs.43,500 per kg on the 11th and then to Rs.43,600 per kg on the 12th as demand continued to rise.
    • Demand remained consistent on the final day of this week, thanks to sustained purchases from the local market.

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

    • When the third week of May began, silver was priced at Rs.43,600 per kg. There were fluctuations in rates this week due to uneven demand caused by slowed down purchases.
    • The second day of this week, i.e., the 15th saw silver rates drop by Rs.300 and the metal traded at Rs.43,300 per kg.
    • On the 16th, silver rates dropped to Rs.43,000 per kg as cues from the global market weakened and demand dropped as a result.
    • Prices rose to Rs.43,200 per kg on the 17th before dropping to Rs.43,000 per kg on the 18th the US dollar gained 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 4 (21st - 27th)

    • The fourth week of May’s trading in Karnataka saw silver rates rise due to strong cues brought about by a weakened dollar.
    • There were a number of conflicts around the world which helped bullion investors’ cause and they increased their investment.
    • On the 21st, when the week began, the white metal was priced at Rs.43,100 per kg before rising to Rs.43,500 per kg on the 23rd as demand surged.
    • Prices went down to Rs.43,300 per kg on the 24th as demand for the metal dropped slightly on the day.
    • On the 25th, the precious metal traded at Rs.43,800 per kg - the month’s highest rates as demand surged ahead of a poor dollar.
    • The final day of this week saw silver rates rise slightly to Rs.43,600 per kg uncertainties rose in the US and demand for safe haven assets were on the rise.

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

    • When the final week of May opened for trading, silver rates had dropped to Rs.43,000 per kg - a sharp Rs.600 per kg decline in just a day.
    • On the 29th, prices went up slightly to Rs.43,100 per kg before dropping to Rs.42,900 per gram on the final day of the month.
    • As demand surged briefly silver rates went up to Rs.43,100 per kg. This month’s trading recorded a 2.61%, thanks to a surge in demand towards the final week.

    Trend of Silver Rate in Karnataka 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 first week of April saw silver prices trade at Rs.41,400 per kg on 1 April as local demand was stable and in line with trends seen overseas.
    • The possibility of trade wars between the U.S. and China led to some market instability, which in turn led to higher demand for bullion.
    • Prices rose to Rs.41,600 per kg on 3 April but this was a brief rise as a string dollar rate led to a drop in orders for silver across both local as well as international orders.
    • The fluctuating local industrial demand for silver could be attributed to strong equity markets and the high cost of import due to the stable U.S. dollar.

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

    • Prices rose in the second week as demand for bullion was on the rise due to political instability impacting market performance.
    • Silver opened the week trading at Rs.41,200 per kg on 8 April before prices rose to Rs.41,700 per kg on 11 April.
    • The suspected Syrian chemical attack against its own citizens led to global equity markets falling as demand for safe-haven assets like bullion rose.
    • Silver was priced at Rs.42,000 per kg on 12 April as local orders increased due to the favourable international cues as well as a low U.S. Dollar rate.
    • Coin makers also increased orders which kept silver prices stable in spite of continued market fluctuation, as silver prices dipped slightly.
    • The industrial metal traded at Rs.41,600 per kg on 13 April as international markets began to recover from the earlier panic selling.
    • The week ended with silver priced at Rs.41,900 per kg on 15 April due to conflicting cues from international markets and local demand.

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

    • Demand for silver in Karnataka was on the increase as international trends as well as local orders rose in the third week.
    • Silver opened the week trading at Rs.42,100 per kg on 16 April after the U.S.-led airstrikes on Syria led to renewed turmoil across stock markets.
    • The continued war rhetoric by the U.S. and tense ties with China led to a rush to invest in safe haven assets by investors, which pushed up prices and demand for silver.
    • The industrial metal was priced at Rs.43,700 per kg on 19 April as the dollar plunged due to political crises, which led to a rise in orders from Asia due to the lower import cost.
    • Silver rose to a monthly high of Rs.43,800 per kg on 20 April and prices remained unchanged for the remainder of the week due to strong local demand and favourable international cues.

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

    • The last week of April saw demand for silver fall slightly as equity markets regained their earlier losses and the dollar slowly recoup its value.
    • Silver opened the week at Rs.43,700 per kg on 23 April as investors awaited results of the Fed Reserve meeting and tensions with China appeared to be abating.
    • Local demand was stagnant due to a rise in the dollar rate, which made imports of the metal more expensive.
    • The industrial metal traded at Rs.43,000 per kg on 26 April due to a decline in demand from coin makers and the retail sector as well.
    • The drop in price continued for the rest of the week with silver trading at Rs.42,800 per kg on 27 April.
    • A sharp drop was seen as the month ended with silver priced at Rs.42,300 per kg on 30 April.

    Trend of Silver Rate in Karnataka 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 (1st-4th)

    • Silver prices in Karnataka were on the rise on positive market developments as well as consistent demand from industrial units.
    • Trading opened at Rs.41,100 per kg as the month began, with steady demand due to consistent offtake from industrial units.
    • Prices climbed to Rs.41,400 per kg on 2 March on positive market cues and a declining U.S. Dollar.
    • Coin makers also increased orders which led to a rise in demand for the industrial metal as silver prices rose to Rs.41,600 per kg on 4 March.

    March 2018- Week 2 (5th-11th)

    • The second week saw silver prices continue to rise on positiv market trends.
    • Silver was priced at Rs.41,700 per kg on 5 March as domestic demand rose on positive international trends.
    • Prices dropped to Rs.41,400 per kg on 6 March before a revival in interest led to prices rising to Rs.41,900 per kg on 7 March.
    • A declining dollar and geopolitical tensions in the U.S. led to markets falling and investors seeking safe-haven assets like bullion.
    • Prices regularised during the week as silver dropped to Rs.41,300 per kg on 9 March.
    • Prices recovered as the week ended on 11 March, trading at Rs.41,600 per kg.

    March 2018- Week 3 (12th-18th)

    • The third week saw a gradual decline in demand for silver which was reflected in the price of the industrial metal.
    • Silver was priced at Rs.41,600 per kg on 12 March on stable demand though local industrial demand was on the decline due to a rise in the dollar value.
    • Silver dropped to Rs.41,600 per kg on 13 March on reduced demand from coin makers while equity markets stabilised on positive market cues.
    • The surprise firing of the U.S. Secretary of State led to a rise in silver demand, which rose to Rs.41,700 per kg on 14 March.
    • Demand fell for the rest of the week on a strengthening dollar.
    • The week ended with silver priced at Rs.41,100 per kg on 18 March following a steep fall in demand.

    March 2018- Week 4 (19th - 25th)

    • Silver prices fell as the week began, trading at Rs.41,000 per kg on 19 March on poor international demand.
    • Prices fluctuated on conflicting market cues as silver rose to Rs.41,200 per kg on 20 March on unsteady equity markets.
    • Geopolitical tensions in the U.S. led increasing interest in bullion as silver prices rose to Rs.41,500 per kg on 22 March.
    • Local demand rose as interest in silver peaked overseas which kept silver at Rs.41,600 per kg on 23 March.
    • Local demand remained constant as the week ended with silver priced at Rs.41,600 per kg on 25 March.

    March 2018- Week 5 (26th -31st)

    • Silver was priced at Rs.41,600 per kg on 26 March as industrial offtake was bolstered by weak equity markets.
    • Prices rose to Rs.41,800 per kg on 27 March as markets plunged on the possibility of a trade war with China due to prohibitive trade tariffs.
    • Demand for the industrial metal slipped as the week progressed as local coin makers reduced offtake due to a rise in the dollar rate, making silver imports more expensive.
    • Reducing industrial demand resulted in silver prices dropping to Rs.41,400 per kg on 29 March as prices remained unchanged for the rest of the week.
    • In spite of a fall in demand towards the end of the month, silver prices rose by 0.72% during the month.

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

    Parameters Silver price (per kg)
    February 1 Rate Rs.42,600 per kg
    February 28 Rate Rs.41,200 per kg
    Highest Rate in February Rs.42,600 per kg on 1 and 2 February
    Lowest Rate in February Rs.40,600 per gram on 10 and 11 February
    Overall Monthly Performance Decline
    Percentage Change -3.28%

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

    • The month began in Karnataka with the white metal trading at Rs.42,600 per kg on the 1st after the US dollar weakened ahead of the US employment data. This was also the lowest monthly figure recorded in the city.
    • Silver rate in Karnataka remained unaltered at Rs.42,600 per kg on the 2nd owing to strong domestic demand amid the positive global cues.
    • However, the US dollar index rose against other emerging currencies after the US payrolls data proved to be stronger than expected. This led to silver price in Karnataka plunging to Rs.41,700 per kg on the 3rd.
    • Thanks to the subdued but steady demand from industries and coin manufacturers, the rest of the week saw the industrial metal prices holding steady at Rs.41,700 per kg on the 4th.

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

    • When trading commenced for the second week,  silver was priced relatively lower at Rs.41,500 per kg on the 5th after demand for the metal declined amid weak global cues.
    • Though rates rose to Rs.41,900 per kg the next day, silver price in Karnataka plunged to Rs.41,400 per kg on the 7th with the US dollar index rising against other apex currencies in the international market.
    • Poor trends overseas compounded by weak demand resulted in silver rates dropping further to Rs.40,800 per kg on the 8th.
    • The 9th saw the white metal rates rebounding to Rs.41,000 per kg following an unexpected incline in domestic demand despite the poor trend overseas.
    • However, with the dollar and equities market performing well in the international trade, silver rate in Karnataka plummeted to Rs.40,600 per kg on the 10th. This was also the lowest recorded monthly figure in the city.
    • The week concluded with the industrial metal trading at Rs.40,600 per kg on the 11th with poor demand amid the weak trends overseas.

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

    • Poor dollar performances coupled with weakly performing equities resulted in silver prices rising considerably during the course of the week.
    • The week began with silver priced relatively higher at Rs.40,900 per kg on the 12th with the US dollar losing ground ahead of the US inflation data.
    • The next couple of days saw silver rate in Karnataka rising after markets awaited the inflation data for clues on the pace of Fed rate hikes during the year. The white metal was recorded trading at Rs.41,300 per kg on the 13th before rising to Rs.41,400 per kg on the 14th amid the positive trends overseas.
    • Prices surged to Rs.41,800 per kg on the 15th before plunging to Rs.41,700 per kg on the 16th with the US dollar strengthening following the US inflation data.
    • With investors and traders gravitating on safe-haven assets to hedge against inflation concerns, demand for the metal surged. This led silver price in Karnataka holding steady at Rs.41,700 per kg for the remainder of the week.

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

    • The fourth week commenced with the industrial metal priced at Rs.41,600 per kg on the 19th.
    • However, silver rate in Karnataka plunged to Rs.41,200 per kg the next day after the US dollar strengthened against other emerging currencies.
    • Though rates remained untouched at Rs.41,200 per kg on the 21st amid the poor trends overseas, silver prices rebounded to Rs.41,400 per kg the next day with an increase in demand from local industries and coin manufacturers.
    • Prices surged further to Rs.41,600 per kg on the 23rd with the US dollar index and equities market losing in the international market.
    • The 24th saw rates declining slightly to Rs.41,500 per kg after domestic demand stabilised amid the firm trends overseas.
    • Thanks to steady demand from industries and coin makers, the rest of the week saw silver trading firm at Rs.41,500 per kg amid the positive trend overseas.

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

    • When trading commenced for the last week, silver price in Karnataka were recorded holding at Rs.41,600 per kg on the 26th.
    • With markets eyeing the latest move by the Fed, the US dollar weakened. This led to silver rate in Karnataka surging to Rs.41,700 per kg on the 27th.
    • The month came to an end with the industrial metal trading at Rs.41,200 per kg on the 28th as the US dollar strengthened.
    • Silver trade in Karnataka registered a loss of 3.28% during the course of the month.

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

    Parameters Silver price (per kg)
    Silver Rate on 1st January 2018 Rs.39,100 per kg
    Silver Rate on 31st January 2018 Rs.42,200 per kg
    Highest Rate in January Rs.42,700 per kg on 29 January
    Lowest Rate in January Rs.38,700 per kg on 10 and 11 January
    Overall Monthly Performance Incline
    Percentage Change 7.92%

    January 2018 - Week 1 (1st - 7th)

    • Silver was priced at Rs.39,100 per kg when trading began on the first day of January 2018.
    • Due to steady demand from local coin makers and industrial units, silver prices in Karnataka remained at Rs.39,100 per kg on the 2nd day of this week.
    • As the US dollar seemed to strengthen, silver prices in the state took a hit and fell by Rs.300 to Rs.38,800 per kg on the 3rd of January.
    • Demand held steady on the 4th, as a result of which, silver prices remained at Rs.38,800 per kg when trading ended for the day.
    • The drop in demand was due to the jobs data, which was expected to hit the markets this week. Rates remained the same on the next day as well as investors exercised caution when making purchases.
    • However, demand rose on the 6th and gold price in Karnataka went up to Rs.39,200 per kg - a Rs.400 per kg hike - as the data was weaker than expected.
    • When the week ended, silver rates in Karnataka were recorded at Rs.39,200 per kg.

    January 2018 - Week 2 (8th - 14th)

    • The second week of January began with silver still trading at Rs.39,200 per kg.
    • On the 9th, silver rate in Karnataka dropped slightly to Rs.39,100 per kg. This happened because the dollar improved and demand for the metal declined.
    • The 10th again saw silver prices in Karnataka drop - this time to Rs.38,700 per kg - as a rising US dollar continued to affect precious metal trading.
    • Silver was still trading at Rs.38,700 per kg on the 11th but dropped started on a upward path to trade at Rs.38,900 per kg on the 12th of the month.
    • As the US dollar weakened after a brief surge, silver prices went further up to Rs.39,200 per gram on the 13th of January.
    • Silver rates were recorded at Rs.39,200 per gram on the final day of this week.

    January 2018 - Week 3 (15th - 21st)

    • When the third week started on the 15th, silver prices had seen little change and it was seen trading at Rs.39,200 per kg.
    • Due to stable from local investors, the metal continued to trade at Rs.39,200 per kg before rising to Rs.39,600 per kg on the the 17th.
    • The US dollar regained some of the lost ground, which put bullion trading on the backburner. The white metal traded at Rs.39,100 per kg on the 18th of the month.
    • Over the next three days, i.e., from the 19th to the 21st, silver continued at Rs.39,100 per kg as demand was low but steady.

    January 2018 - Week 4 (22nd - 28th)

    • The fourth week of January bore witness to a few changes in prices as markets remained largely stable.
    • On the 22nd of January, when the week began, silver was priced at Rs.39,100 per kg which then rose to Rs.39,200 per kg the next day due to a slight change in demand.
    • There was very few changes in demand over the course of the week as there were no major drivers which would otherwise impact trading patterns.
    • On the 24th of the month, silver was trading at Rs.39,200 per kg and went on to sell at this rate on the 25th of the month as well.

    January 2018 - Week 5 (29th - 31st)

    • The final week of January 2018 bore witness some changes in prices, which was the cause of change in the USD- INR dynamic.
    • On the 29th of January, the white metal was priced at Rs.42,700 per kg - a significant rise compared to the trading rates over the course of the previous week.
    • The 30th saw silver prices in Karnataka drop to Rs.42,200 per kg - a Rs.500 decline as demand for the metal took a nosedive as the latest Federal Reserve meeting approached.
    • When the month ended, silver was seen trading at Rs.42,200 per kg.
    • Overall, silver prices changed by a massive 7.92% this month due to a number of factors. The US dollar was largely underperforming and local demand surged as a result of that.

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

    Parameters Silver price (per kg)
    Silver Rate on 1st December 2017 Rs.38,300 per kg
    Silver Rate on 31st December 2017 Rs.38,700 per kg
    Highest Rate in December Rs.38,700 per kg from 29 to 31 December
    Lowest Rate in December Rs.36,800 per kg on 13 December
    Overall Monthly Performance Incline
    Percentage Change 1.04%

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

    • Silver trade in Karnataka was greatly impacted by the strengthening US dollar and rising equities following the approval of the landmark US tax bill by the US Senate during the course of the week.
    • Trading opened for the month with silver priced at Rs.38,300 per kg on the 1st amid steady overseas trends.
    • Silver rate in Karnataka rose to Rs.38,500 per kg on the 2nd after the US dollar lost ground with the Republican tax reform plan hitting a roadblock in the US Senate.
    • Steady demand from industrial units and coin makers amid the positive overseas trend resulted in the industrial metal holding firm at Rs.38,500 per kg until the 7th of December.
    • However, with the proposed tax reform plan being approved by the Senate after setting aside differences between the House and the Republicans, the US dollar rose considerably against a basket of other apex currencies.
    • On the 8th, the white metal was recorded trading at Rs.37,100 per kg amid poor global cues.
    • As the week came to an end, a rise in demand ahead of the ongoing wedding season led to rates led to silver price in Karnataka holding steady at Rs.37,100 per kg on 10th despite the poor overseas trend.

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

    • When trading commenced for the second week, the metal was priced at Rs.37,000 per kg on the 11th owing to a slight decline in demand from industries and coin makers.
    • The 13th witnessed silver rates hitting their lowest recorded monthly figure of Rs.36,800 per kg with demand for the metal declining amid the strengthening US dollar index.
    • Though siulver price in Karnataka surged to Rs.37,500 per kg the next day with an incline in industrial demand following the positive trend overseas, silver rates plummeted to Rs.36,900 per kg on the 15th with the US dollar gaining against a basket of other major currencies.
    • The new interest rates released by the Federal Reserve proved to have a negative impact on the equities during the week. This resulted in silver being priced at Rs.37,200 per kg on the 16th and continued trading at the same rate for the remainder of the week.

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

    • The week began with the white metal trading steady at Rs.37,200 per kg on the 18th in Karnataka.
    • Despite the poor global cues, demand picked up with industries and coin makers ramping up purchases to improve their inventories. This led to silver rates holding at Rs.37,500 per kg on the 19th and the 20th.
    • Silver rate in Karnataka surged further to Rs.37,600 per kg on the 21st before plunging to Rs.37,400 per kg the next day with the US dollar gaining against other emerging currencies in the global market.
    • The new tax cuts by the US resulted in the Asian stock markets failing over time and the industrial metal was recorded trading at Rs.37,700 per kg on the 23rd.
    • The week concluded with silver holding steady at Rs.37,700 per kg on the 24th amid the firm trends overseas.

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

    • The final week witnessed silver prices gaining considerably due to strong investor sentiments for the safe-haven metal amid the declining equities.
    • The white metal was priced at Rs.37,700 per kg on the 25th when the week began.
    • With the US dollar losing ground amid the poorly performing equity markets, prices surged to Rs.37,900 per kg on the 26th before rising further to Rs.38,200 per kg the following day with an increase in demand by coin manufacturers and industrial units.
    • The 28th witnessed silver price in Karnataka surging to Rs.38,600 per kg with an increase in industrial offtake amid the firm global cues.
    • When trading concluded for the month, the industrial metal was recorded trading at Rs.38,700 per kg owing to steady industrial demand brought about by the strong trends overseas.
    • Silver rates in Karnataka rose by 0.78% owing to the poorly-performing US dollar and equities market that proved to be favourable for the metal during the course of the month.

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

    Parameters Silver price (per kg)
    Silver rate on 1st November 2017 Rs.39,300 per kg
    Silver rate on 30th November 2017 Rs.38,500 per kg
    Highest Rate in November 2017 Rs.40,100 per kg on 20 November
    Lowest Rate in November 2017 Rs.38,500 per kg on 30 November
    Overall Monthly Performance Decline
    Percentage Change -2.03%

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

    • When trading opened for November, silver was priced at Rs.39,300 per kg.
    • Demand remained largely steady this week in Karnataka, which led to rates holding at mostly the same rates.
    • From the 2nd to the 5th, silver rate in Karnataka were recorded at Rs.39,300 per kg, thanks to consistent demand from local markets.

    November 2017 - Week 2 (6th - 12th)

    • The second week began with silver in Karnataka still trading at Rs.39,300 per kg.
    • On the 7th, however, silver prices increased to Rs.40,000 as local trading was affected by global cues, and a weak US dollar.
    • But, as the greenback bounced back, silver rate in Karnataka dropped to Rs.39,800 per kg on the 8th of the month.
    • Rates fluctuated quite a bit this week, with the metal trading at Rs.39,900 per kg on the 9th and then dropping to Rs.39,700 per kg on the 10th.
    • There was a steadying of prices witnessed on the 11th and the white metal traded at Rs.39,800 per kg.
    • When the week ended, silver was still trading at Rs.39,800 per kg.

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

    • Silver rate in Karnataka remained unchanged for most of this week, as demand from local industries and coin makers remained consistent.
    • When trading began in Karnataka for the 13th of November, silver was priced at Rs.39,800 per kg.
    • The 14th saw silver rate in Karnataka remain unchanged but increase slightly to Rs.39,900 per kg on the 15th of the month.
    • On the 17th, silver price in Karnataka dropped back down to Rs.39,800 per kg due to low demand.
    • When the week ended, silver was still trading at Rs.39,800 per kg.

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

    • This week started on a high note, with silver rates at their highest for the month, at Rs.40,100 per kg.
    • But, after that sudden surge, silver price in Karnataka dropped down to Rs.39,600 per kg on the 21st of November.
    • Rates fluctuated a little this week with the metal trading at Rs.39,700 per kg on the 23rd and then at Rs.39,800 per kg on the 24th.
    • However, a resurgent dollar and poor local cues pushed prices down to Rs.39,500 per kg on the 25th of the month.
    • During the closing hours of the week, silver was still trading at Rs.39,500 per kg.

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

    • When the final week of November began, silver price in Karnataka had surged to Rs.39,700 per kg.
    • But rates dropped to Rs.39,500 per kg on the 28th as demand began to fall.
    • Silver rates fell again, to trade at Rs.39,200 per kg on the penultimate day of the month, as there was no sign of the demand increasing.
    • On the final day of November, silver rate in Karnataka dropped by Rs.700 to bring it down to Rs.38,500 per kg.
    • A weak local demand and a resurgent US dollar caused silver rates in Karnataka to drop by 2.03%.
    Parameters Silver price (per kg)
    October 1 Rate Rs.39,800 per kg
    October 31 Rate Rs.39,300 per kg
    Highest Rate in September Rs.40,500 per kg on 16 October
    Lowest Rate in September Rs.39,100 per kg on 7 and 8 October
    Overall Monthly Performance Decline
    Percentage Change -1.25%

    October 2017 - Week 1 (1-8):

    • The initial week saw silver prices declining significantly due to poor trends overseas coupled with the strengthening dollar.
    • Trading commenced with the white metal trading high at Rs.39,800 per kg owing to an increased buying from industrial units and coin manufacturers.
    • However, silver trade lost it shine with the dollar recovering amid the possibility of an interest rates hike by the US central bank. This led to prices plunging to Rs.39,400 per kg on the 3rd.
    • Though rates rebounded to Rs.39,500 per kg on the 4th and the 5th, firm equity markets and a stronger dollar led to silver rates plunging to Rs.39,100 per kg - a decline of Rs.400 per kg - on the 6th.
    • Despite strong global trends, domestic demand remained on the weaker side. This led to silver rates remaining unchanged at Rs.39,100 per kg for the remainder of the week.

    October 2017 - Week 2 (9-15):

    • The domestic trade witnessed silver rates being greatly influenced during the second week. This was due to the positive trends overseas and the imminent arrival of the festive season during the week.
    • The industrial metal was priced at Rs.39,800 per kg when the week began on the 9th.
    • With the effect of the festive season kicking in, domestic demand surged in the local trade. This led to silver prices surging to Rs.40,100 per kg on the 10th.
    • Steady local demand coupled with strong global trends resulted in rates remaining unchanged at Rs.40,100 per kg until the 12th.
    • Prices rose further to Rs.40,300 per kg on the 13th owing to an increase in industrial offtake for the white metal.
    • The rest of the week witnessed the industrial metal trading steady at Rs.40,300 per kg due to steady demand from industries and coin makers.

    October 2017 - Week 3 (16-22):

    • When trading commenced for the third week, silver was priced higher at Rs.40,500 per kg - the highest recorded monthly figure - on the 16th.
    • Poor global trends amid the strengthening dollar over the next few days led to rates plunging to Rs.40,200 per kg and Rs.40,000 per kg on the 17th and 18th respectively.
    • Domestic demand remained weak despite the arrival of Diwali in the city. This led to the white metal prices dropping uncharacteristically to Rs.39,800 per kg on the 19th.
    • Weak international trends coupled with subdued domestic demand led to the metal trading at Rs.39,800 per  kg until the 22nd

    October 2017 - Week 4 & Week 5 (23-31):

    • Poor global trends coupled with a strengthening dollar led to silver prices declining significantly during the week.
    • Silver was priced at Rs.39,700 per kg on the 23rd and 24th, thanks to steady demand from industries and coin manufacturers.
    • Weak trends overseas and strong dollar rates led to rates plummeting to Rs.39,600 per kg on the 25th. However, local demand seemed to improve despite unfavourable global cues and the
    • industrial metal prices rebounded to Rs.39,700 per kg on the 26th.
    • Global demand collapsed with investors speculating over the possible interest rate hike in December. This led to silver prices plunging to Rs.39,300 per kg on the 27th.
    • The 28th and the 29th witnessed the metal trading relatively higher at Rs.39,600 per kg due to an increased domestic demand amid positive global cues.
    • The month ended with silver being priced at Rs.39,300 per kg registering a loss of 1.25% in silver trade during the month of October.
    Parameters Silver price (per 1 kg)
    Silver rate on 1st September 2017 Rs.40,000 per kg
    Silver rate on 30th September Rs.39,800 per kg
    Highest Rate in September Rs.41,800 per kg on 8 September
    Lowest Rate in September Rs.39,600 per kg on 25 September
    Overall Monthly Performance Decline
    Percentage Change -0.50%

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

    • The first week of September saw the price of silver progressively rise in Karnataka after the sharp decline in the dollar rate.
    • Silver was priced at Rs.40,000 per kg on 1 September and rose to Rs.40,600 per kg on 2-3 September as local demand was on the increase.
    • A lack of stability led to higher demand from investors, which pushed silver rates in Karnataka to Rs.41,300 per kg on 6 September after sustained demand from overseas industrial units.
    • The successful testing of a thermonuclear device by North Korea led to higher demand for safe-haven assets like silver, which led to prices rising to Rs.41,800 per kg on 8 September.
    • Demand remained high as the week ended, but prices stabilised slightly as the industrial metal traded at Rs.41,600 per kg on 10 September.

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

    • Demand for silver was on the decline as the second week began, with local demand feeling the strain of a rising U.S. dollar rate.
    • Silver traded at Rs.41,000 per kg on 11 September as U.S. markets recouped some of their losses in the previous week.
    • The metal’s price vacillated over the course of the week due to conflicting cues from local markets and international demand.
    • Silver price in Karnataka rose to Rs.41,200 per kg on 13 September before falling to Rs.40,800 per kg on 14 September.
    • Demand rose once again as the week drew to a close, trading at Rs.41,000 per kg on 15 September.
    • The week ended with silver rising to Rs.41,700 per kg on 17 September, as local and industrial demand rose.

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

    • Silver opened the week trading at Rs.41,700 per kg on 18 September before plunging to Rs.39,800 per kg on 19 September as trading volumes fell.
    • Silver price in Karnataka continued to fall for most of the week, trading at Rs.40,200 per kg on 20 September as higher U.S. dollar rates led to a drop in demand from overseas industrial units.
    • Demand rose briefly to trade at Rs.40,100 per kg on 22 September, but prices quickly fell to Rs.39,800 per kg on 23 September and remained constant till the week ended on 24 September.

    September 2017- Week 4 (25th to 30th)

    • The last week of September saw silver rate in Karnataka dip further due to positive markets and an overall decline in silver demand.
    • The industrial metal traded at Rs.39,600 per kg on 25 September as demand was muted, but prices rose to Rs.40,500 per kg on 26 September as local demand kept prices from dropping.
    • The victory of Angela Merkel in the German elections led to stock markets surging, but the impending Catalan independence referendum led to tension across Europe.
    • Higher demand for silver was recorded across Asian markets, though prices did not rise as silver traded at Rs.39,800 per kg on 28 September.
    • Demand was consistent as the month ended, with silver priced at Rs.39,800 per kg on 30 September.
    • In spite of a late recovery in price, the value of silver fell by 0.50% over the course of the month.

    Details of Silver Price in Karnataka (1 Kg) - Till December 2015

    The price of 1 kg of silver is pegged at Rs.33556 (as of December 17th, 2015). The price of the yellow precious metal has been on the downward slide since the start of 2015 when 1 kg of silver was pegged at Rs.40090. In the following month of February, the price of silver by -3.4% to Rs.38700. The months of March saw the price of the precious metal marginally rising by 0.4% to Rs.38880 but marginally fell by -1.4% to Rs.38301 in April. The month of May witnessed a rise in the price of the precious metal by 5.8% to Rs.40530. However, the mini rally did not continue in the following months with the precious metal losing gains in June and July at Rs.38088 and Rs.36158 respectively. The downward trend continued in August when the price of silver fell by 0.4% to Rs.36010. The price of silver continued to plummet in the months of September and October at Rs.35487 and Rs.34576 respectively. 1 kg of silver was pegged at Rs.34100 towards the end of November.

    Silver as an investment in Karnataka

    Silver is an accessible precious metal which can be an effective hedge against inflation in the long term. Sterling grade or grade 925 consisting of 92.5% silver and 7.5% copper are the most common forms of investment. Sterling jewellery is sold in the form of rings and necklaces.

    Physical silver: Silver coins and bars are widely bought in Karnataka. Customers can buy silver bars of various denominations from Metals and Minerals Trading Corporation of India (MMTC) and banks. Silver coins are more affordable compared to gold and therefore, are more popular forms of investment. Silverware, artefacts and intricate jewellery including trendy customised pieces are popular.

    Silver contracts: Customers can trade in silver futures on MCX and NCDEX. Silver Mini (SILVERM) and SILVER 1000 are traded in units of 5 kg. SILVERHEDG is traded in units of 30 kg in NCDEX. Many customers invest in futures owing to its transparent pricing.

    Also Check Silver Price in NearBy Cities of Karnataka

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