Silver Rate in Kerala Last Updated : 09 Feb 2023

Silver or ‘poor man’s gold’ as it is often referred is sought-after by millions of Indians in various forms. The silver price depends on various factors including its demand as an industrial metal. Ever since silver was de-linked as a currency, around 73% of the white metal is being used across the world in various industrial uses from batteries and mobiles to soldering process and satellites among others. Silver, however, is most popular as a valuable asset in the country.

  • Today's Silver Rate in Kerala (09 Feb 2023)

    ₹ 73.5
    Today's Silver Rate per gram

    Compare Silver Rate In Kerala (Today & Yesterday)

    Rate Change
    Silver (1 gram) ₹ 73.5 ₹ 74 ₹ -0.5 ↓
    Bar Silver (1 Kg) ₹ 73,500 ₹ 74,000 ₹ -500 ↓

    Silver Price In Kerala For Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    09 Feb 2023 ₹ 73.5 ₹ 73,500
    08 Feb 2023 ₹ 74 ₹ 74,000
    07 Feb 2023 ₹ 74 ₹ 74,000
    06 Feb 2023 ₹ 74 ₹ 74,000
    05 Feb 2023 ₹ 74.2 ₹ 74,200
    04 Feb 2023 ₹ 74.2 ₹ 74,200
    03 Feb 2023 ₹ 76.4 ₹ 76,400
    02 Feb 2023 ₹ 77.3 ₹ 77,300
    01 Feb 2023 ₹ 74.8 ₹ 74,800
    31 Jan 2023 ₹ 74.5 ₹ 74,500

    Weekly & Monthly Graph of Silver Rate in Kerala

    • 7 Days
    • 30 Days
    • 3 Months
    • 6 Months
    Silver Price in Major Cities in Kerala Price per 10 grams
    Silver Rate in Trivandrum Rs.600
    Silver Rate in Kochi Rs.600
    Silver Rate in Thrissur Rs.600
    Silver Rate in Kozhikode Rs.600
    Silver Rate in Malappuram Rs.611
    Silver Rate in Kannur Rs.611
    Silver Rate in Kollam Rs.600

    *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.

    Today's Silver Rate in Kerala

    There are several major jewellery stores across Kerala which offer a wide variety of jewellery designs. Silver gift articles and artefacts are also commonplace. Silver bars of various denominations such as 50g and 100g are also bought. The bars are sold at competitive prices may come with assay certification. Silver is utilized for various ritualistic purposes as well.

    Check - Silver trend in india

    Historical Trend of Silver Price in Kerala

    Months Lowest Silver Price Per Kg Highest Silver Price Per Kg
    January 2023 67,300 65,200
    December 2022 68,300 64,200
    November 2022 65,300 68,500
    October 2022 65,200 68,500
    September 2022 65,300 68,400
    August 2022 65,300 68,500
    July 2022 65,200 68,400
    June 2022 65,200 68,500
    May 2022 63,400 69,500
    April 2022 68,800 75,200
    March 2022 70,000 77,600
    February 2022 64,900 70,600
    January 2022 64,300 69,300
    December 2021 64,600 66,300
    November 2021 66,500 71,700
    October 2021 63,700 70,300
    September 2021 63,000 69,600
    August 2021 66,600 73,100
    July 2021 71,400 75,000

    Trend of Silver Rate in Kerala for February 2023 (rates per kg)

    Parameters Silver price (per kg)
    February 1 Rate Rs.74,800 per kg
    February 6 Rate Rs.74,000 per kg
    Highest Rate in February Rs.77,300 per kg on 2 February
    Lowest Rate in February Rs.74,000 per kg on 6 February
    Overall Performance Decline

    Trend of Silver Rate in Kerala for January 2023 (rates per kg)

    Parameters Silver price (per kg)
    January 1 Rate Rs.74,300 per kg
    January 31 Rate Rs.74,500 per kg
    Highest Rate in January Rs.75,800 per kg on 16 January and 17 January
    Lowest Rate in January Rs.73,500 per kg on 6 January
    Overall Performance Decline

    Trend of Silver Rate in Kerala for December 2022 (rates per kg)

    Parameters Silver price (per kg)
    December 1 Rate Rs.69,800 per kg
    December 31 Rate Rs.74,300 per kg
    Highest Rate in December Rs.74,700 per kg on 22 December
    Lowest Rate in December Rs.69,800 per kg on 1 December
    Overall Performance Incline

    Trend of Silver Rate in Kerala for November 2022 (rates per kg)

    Parameters Silver price (per kg)
    November 1 Rate Rs.63,700 per kg
    November 30 Rate Rs.68,000 per kg
    Highest Rate in November Rs.68,500 per kg on 15 November
    Lowest Rate in November Rs.63,700 per kg on 1 November
    Overall Performance Decline

    Trend of Silver Rate in Kerala for October 2022 (rates per kg)

    Parameters Silver price (per kg)
    October 1 Rate Rs.62,000 per kg
    October 31 Rate Rs.63,000 per kg
    Highest Rate in October Rs.67,000 per kg on 5 October
    Lowest Rate in October Rs.60,500 per kg on 15 and 16 October
    Overall Performance Decline

    Trend of Silver Rate in Kerala for September 2022 (rates per kg)

    Parameters Silver price (per kg)
    September 1 Rate Rs.58,000 per kg
    September 30 Rate Rs.61,500 per kg
    Highest Rate in September Rs.63,200 per kg on 23 September 2022
    Lowest Rate in September Rs.58,000 per kg on 1 September
    Overall Performance Decline

    Silver as an investment in Kerala

    Silver is bought in the form of coins and bars. Customers can also invest in Milestone Bullion Series 1, which needs a minimum investment of Rs.5 lakhs. Given that silver ETFs are not available in India, many customers have alternative form of investment such as buying and selling securities which are traded in the US.

    Physical silver: Many consumers in Kerala physically own silver in the form of trendy jewellery. However, customers may lose some money if they wish to sell their jewellery owing to any impurities, exchange rates and making charges. Most consumers find investing in jewellery more convenient in addition its aesthetic appeal. Fashionable silverware is also widely sold at all leading stores across major cities in Kerala.

    Silver contracts: Customers trade in trade in top commodity exchanges such as NCDEX and MCX for silver futures. Many customers see commodity futures as an easier form of investment with transparent pricing and minimal transaction charges. However, the physical delivery of the white precious metal entails various issues vis-a-vis its purity and storage.

    FAQs on Silver Rate in Kerala

    1. Where can I buy the best quality silver in Kerala?
    2. You can buy the best quality silver from the leading silver retailers and jewellers in Kerala.

    3. What factors affect the silver rate in Kerala?
    4. Some factors which affect the silver rate in Kerala are the trend of the bullion market overseas, the trend of the equities market. The value of the dollar and the rupee in the market also plays a role in the changing silver prices.

    5. Does the silver price in Kerala change daily?
    6. The silver rate in Kerala may change frequently due to many factors including the trend of the bullion and equities market. The price of crude oil also plays an important role in the change in silver rate along with the value of the rupee and the dollar in the international market.

    7. Will GST have to be paid if I buy silver?

      Yes, GST will have to be paid if you buy silver.

    8. Is it possible to buy silver coins in Kerala?

      Yes, silver coins can be bought in Kerala.

    9. Is there a best time when silver can be purchased in Kerala?

      Most investors usually purchase silver when the economy and financial markets are down. Silver rates fall during this period.

    10. Can silver bars be purchased at jewellery shops in Kerala?

      Yes, silver bars can be purchased at jewellery shops.

    11. Can silver bars be purchased at private sector banks in Kerala?

      Yes, silver bars can be purchased at private sector banks.

    12. Can silver bars be purchased at public sector banks in Kerala?

      Yes, silver bars can be purchased at public sector banks.

    Also Check Silver Price in Metro Cities

    News about Silver price in Kerala

    • Silver rates declined in early trade on 23 November

      Silver prices declined in early trade where the prices of white metal dropped by Rs.400 from yesterday. Currently, the price of a kg of a precious white metal is Rs.60,600. The price of one kg silver in Delhi, Kolkata, and Mumbai is Rs.60,600. On the other hand, silver is traded at Rs.66,500 per kg in Hyderabad, Bengaluru, and Chennai.

      23 November 2022

    • No changes in silver prices today

      On 19 September, silver prices remain steady at Rs.56,700 per kg. In Hyderabad, Bengaluru, and Chennai, silver is trading at Rs.62,000 per kg. A kg of silver is being sold at Rs.56,700 per kg in Delhi, Kolkata, and Mumbai.

      20 September 2022

    • Price of Silver Decreases on 30 August 2022

      The price of silver futures dropped by 0.5% to Rs.54,988 per kilogram. On international markets, spot silver decreased 0.4% to $18.66 per ounce.

      30 August 2022

    • Silver prices grow on 24 August 2022

      The price of silver grew to Rs.55,000. The price of silver depends on the price of the metal in global markets.

      24 August 2022

    • Silver prices remain below Rs.60,000 on 15 June 2022

      Silver prices hovered below Rs.60,000 per kg on 15 June 2022. However, silver futures were priced at Rs.59,933 per kg which was a gain of Rs.432 or an increase of 0.73%. The price of silver in the spot market was at Rs.59,966 per kg on 13 June, which was a decrease of Rs.2,100 per kg from the previous week. In the global markets, spot silver was priced at $21.22 per ounce which was an increase of 0.7%.

      15 June 2022

    Silver Rate in Metro Cities
    Silver Rate in Priority Pages

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