Silver Rate in Kerala

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Silver Rate in Kerala

Silver or ‘poor man’s gold’ as it is often referred is sought-after by millions of Indians in various forms. The price of silver 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.

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.

Historical Trend of Silver Price in Kerala

Trend of Silver Rate in Kerala for October 2021 (rates per kg)

October 2021 - Week 1 (1 - 10):

• Silver price in Kerala opened the first week of October at Rs.63,700 per kg. When compared to the closing price of the previous month, the rate of the white metal was up by Rs.700 in the state.
• While the opening price of the precious metal was the lowest for the month, it increased gradually over the week and recorded its highest on 9th October. On the mentioned date, a kilo cost Rs.65,900.
• Silver closed the week at Rs.65,700 per kg after the rate saw no change on 10th October. The overall performance of silver witnessed an inclining trend in the rates.

October 2021 - Week 2 (11 - 17):

• Silver opened the month of October standing at the rate of Rs.63,700 per kg.
• The price of the precious metal witnessed an inclining trend over the month. It recorded the highest price for the month on 15 October when a kilogram of gold was being sold at the rate of Rs.67,700. The lowest price was recorded on 1 October wherein it stood at the rate of Rs.63,700 per kg.
• In Kerala, the second week of the month closed with silver being traded at the rate of Rs.67,400 per kilogram.

Trend of Silver Rate in Kerala for September 2021 (rates per kg)

September 2021 - Week 1 (1 - 5):

• Silver price in Kerala opened the first week of September at Rs.68,700 per kg. The price witnessed a hike of Rs.300 per kg when compared to the closing rate of August.
• The price of the white metal recorded its lowest price for the month on the 3rd of September wherein a kilogram of the metal was being traded at the rate of Rs.67,800. The highest price of the metal was recorded on the 4th and 5th of September during the month when a kilogram of silver was being sold at the rate of Rs.69,600.
• The first week of the month closed with silver being traded at the rate of Rs.69,600 per kilogram. The overall performance of silver in the country witnessed an incline during the month.

September 2021 - Week 2 (6 - 12):

• Silver price in Kerala opened the first week of September at Rs.68,700 per kg. The price witnessed a hike of Rs.300 per kg when compared to the closing rate of August.
• The price of the white metal recorded its lowest price for the month on the 3rd of September wherein a kilogram of the metal was being traded at the rate of Rs.67,800. The highest price of the metal was recorded on the 4th and 5th of September during the month when a kilogram of silver was being sold at the rate of Rs.69,600.
• The first week of the month closed with silver being traded at the rate of Rs.69,600 per kilogram. The overall performance of silver in the country witnessed an incline during the month.

September 2021 - Week 3 (13 - 19):

• Silver price in Kerala opened the first week of September at Rs.68,700 per kg. The price witnessed a hike of Rs.300 per kg when compared to the closing rate of August.
• The price of the precious white metal recorded its lowest price for the month on 18 and 19 September wherein a kilogram of the metal was being traded at the rate of Rs.64,200. The highest price of the metal was recorded from 4 to 7 September during the month when a kilogram of silver was being sold at the rate of Rs.69,600.
• The third week of the month closed with silver being traded at the rate of Rs.64,200 per kilogram. The overall performance of silver in the state of Kerala witnessed a decline during the month.

September 2021 - Week 4 (20 - 26):

• In Kerala, the price of silver at the start of the fourth week of September was Rs.63,500 per kg. Compared to the closing price of the previous week, the rate of the white metal was down by Rs.700 for every kilo. The opening price of the week was the lowest for the month till now.
• The price of the precious metal saw slight fluctuations over the week. While the rate climbed on 21st and 22nd September, it saw constant changes till 25th September.
• Silver price in Kerala closed the penultimate week of September at Rs.64,100 per kg. The overall performance of the precious metal in the southern state was one of decline.

September 2021 - Week 5 (27 - 30):

• Silver price in Kerala opened the first week of September at Rs.68,700 per kg. The price witnessed a hike of Rs.300 per kg when compared to the closing rate of August.
• The price of the precious white metal recorded its lowest price for the month on 30 September wherein a kilogram of the metal was being traded at the rate of Rs.63,000. The highest price of the metal was recorded from 4 to 7 September during the month when a kilogram of silver was being sold at the rate of Rs.69,600.
• The month of the month closed with silver being traded at the rate of Rs.63,000 per kilogram. The overall performance of silver in the state of Kerala witnessed a decline during the month.

Trend of Silver Rate in Kerala for August 2021 (rates per kg)

August 2021 - Week 1 (1 - 8):

• In Kerala, a kilo of silver cost Rs.72,900 at the start of the fourth week of August. The price of the bullion recorded a decline of Rs.300 for every kilo when the rate was compared to the closing price of the previous week.
• The price of the white metal continued to decline in the southern state over the next two days. The fall in the rate saw silver record its lowest price for the month till date on 21st August when a kilo cost Rs.71,500.
• Silver price in Kerala increased over the next two days before declining on the penultimate day of the week and closing at Rs.72,000 per kg. The overall performance of the precious metal in the state was one of decline.

August 2021 - Week 2 (9 - 15):

• A kilo of silver cost Rs.68,700 in Kerala on 9th August. There was a decline of Rs.1,500 for every kilogram when the rate was compared to the closing price of the previous week.
• The price of the white metal continued to decline in the state over the first few days of the week. The decline saw silver record its lowest price for the month till date on 12th and 13th August when a kilo cost Rs.67,500.
• Silver price in Kerala recorded an increase of Rs.700 the following day and closed the week at Rs.67,500 per kg. The overall performance of the precious metal witnessed a declining trend.

August 2021 - Week 3 (16 - 22):

• Silver price in Kerala opened the first week of August at Rs.73,000 per kg.
• The price of the precious white metal recorded its lowest price for the month on 7th and 8th August wherein a kilogram of the metal was being traded at the rate of Rs.65,000. The highest price of the metal was recorded on 4th August during the month when a kilogram of silver was being sold at the rate of Rs.73,100.
• The third week of the month closed with silver being traded at the rate of Rs.66,600 per kilogram. The overall performance of silver in the country witnessed a decline during the month.

August 2021 - Week 4 (23 - 31):

• A kilo of silver cost Rs.66,700 in Kerala at the start of the final week of August. The price of the precious metal was up by Rs.100 in the state when the rate was compared to the closing price of the previous week.
• Over the week, the price of the white metal saw constant changes in the state. Silver was priced Rs.68,700 per kg on 28th August.
• Silver price in Kerala closed the week at Rs.68,400 per kg after the rate slipped on 30th August. The overall performance of the white metal in the state was one of decline.

Trend of Silver Rate in Kerala for July 2021 (rates per kg)

July 2021 - Week 1 (1 - 4):

• In Kerala, the price of silver at the start of the week Rs.74,100 per kg. Compared to the price charged at the end of the previous week, the rate of the white metal witnessed an increase of Rs.1,200.
• The price of the precious metal recorded a drop of Rs.200 on 2nd July before recovering and registering its highest price for the month till date on 3rd July with a kilo costing Rs.74,900.
• Silver price in Kerala closed the week at Rs.74,900 per kg after the rate remained unchanged on the final day. The overall performance of the white metal witnessed an inclining trend in the rates.

July 2021 - Week 2 (5 - 11):

• The price of silver in Kerala was Rs.74,000 per kg on 19th July. When compared to the price charged at the end of the previous week, the rate of the white metal saw no change.
• Over the week, the price of the precious metal saw slight fluctuations in the southern state. While the rate slipped on 21st and 24th July, it had witnessed hikes on the other dates of the week.
• Silver price in Kerala closed the fourth week of July at Rs.73,400 per kg. The overall performance of the precious metal in the southern state was one of incline.

July 2021 - Week 3 (12 - 18):

• Silver price in Kerala opened the first week of July at Rs.74,100 per kg.
• The price of the precious white metal recorded its lowest price for the month on 9th July wherein a kilogram of the metal was being traded at the rate of Rs.73,400. The highest price of the metal was recorded on 5th July during the month when a kilogram of silver was being sold at the rate of Rs.75,000.
• The third week of the month closed with silver being traded at the rate of Rs.73,200 per kilogram. The overall performance of silver in the country witnessed a decline during the month.

July 2021 - Week 4 (19 - 25):

• In Kerala, a kilo of silver cost Rs.72,900 at the start of the fourth week of July. The price of the bullion recorded a decline of Rs.300 for every kilo when the rate was compared to the closing price of the previous week.
• The price of the white metal continued to decline in the southern state over the next two days. The fall in the rate saw silver record its lowest price for the month till date on 21st July when a kilo cost Rs.71,500.
• Silver price in Kerala increased over the next two days before declining on the penultimate day of the week and closing at Rs.72,000 per kg. The overall performance of the precious metal in the state was one of decline.

July 2021 - Week 5 (26 - 31):

• Silver price in Kerala opened the first week of July at Rs.74,100 per kg.
• The price of the precious white metal recorded its lowest price for the month on 28th July wherein a kilogram of the metal was being traded at the rate of Rs.71,400. The highest price of the metal was recorded on 5th July during the month when a kilogram of silver was being sold at the rate of Rs.75,000.
• The last week of the month closed with silver being traded at the rate of Rs.73,000 per kilogram. The overall performance of silver in the country witnessed a decline during the month.

Trend of Silver Rate in Kerala for June 2021 (rates per kg)

June 2021 - Week 1 (1 - 4):

• The price of the precious metal in Kerala was Rs.72,600 per kg on 1 June and decreased to Rs.71,900 per kg on 2 June due to market trends.
• Silver rate in Kerala increased on 3 June and hit its weekly high at Rs.72,900 per kg due to a declining trend of the metal.
• At the end of the week, silver prices in Kerala decreased to close the week at Rs.70,800 per kg on 4 June, recording an overall declining trend.

June 2021 - Week 2 (5 - 11):

• Silver price in Kerala was Rs.71,600 per kg on 5th June. Compared to the price charged at the end of the previous week, the rate was up by Rs.600.
• The price of the white metal shot up to Rs.76,600 per kg on 8th June in the state. The rates slipped the next day and remained unchanged on the penultimate day of the week.
• Silver closed the second week of June at Rs.76,800 per kg. This was the highest recorded price of the white metal for the month till date. Silver’s overall performance in the southern state witnessed an inclining trend. 

June 2021 - Week 3 (12 - 18):

• The price of silver in Kerala opened the third week of June at the rate of Rs.77,300 per kg. The price was steady for the first 2 days of the week and was the highest recorded price for the month.
• The price started dropping again from the 14th of June. The lowest price for the month was recorded on 18th June wherein a kg of silver was being sold at Rs.70,800.
• The overall performance of silver witnessed an inclining trend during the month of June in Kerala.

June 2021 - Week 4 (19 - 25):

• The price of silver in Kerala was Rs.74,000 per kg on 19th June. When compared to the price charged at the end of the previous week, the rate of the white metal saw no change.
• Over the week, the price of the precious metal saw slight fluctuations in the southern state. While the rate slipped on 21st and 24th June, it had witnessed hikes on the other dates of the week.
• Silver price in Kerala closed the fourth week of June at Rs.73,400 per kg. The overall performance of the precious metal in the southern state was one of incline.

June 2021 - Week 5 (26 - 30):

• The price of silver in Kerala was Rs.73,400 per kg at the start of the final week of the month. Compared to the previous week’s closing price, the rate of the white metal saw no change in the state.
• In the southern state, silver price witnessed slight fluctuations on all days of the week except 27th June, when the rate remained unchanged.
• Silver price in Kerala closed at Rs.72,900 per kg with the overall performance of the precious metal being one of incline.

Trend of Silver Rate in Kerala for May 2021 (rates per kg)

May 2021 - Week 1 (1 - 7):

• Silver rate in Kerala opened the first week of May at Rs.72,800 per kg on 1 May and held steady on 2 May. However, silver rates increased to cross the Rs.73,000 per-kg mark at rs.73,800 per kg on 3 May.
• Inclining further to hit its highest price of the week, silver crossed the Rs.75,000 per-kg mark at Rs.75,300 per kg on 4 May and held steady on 5 May as well.
• The price of the metal declined on 6 May to Rs.74,200 per kg and held steady on 7 May, closing the wee at Rs.74,200 per kg.

May 2021 - Week 2 (8 - 14):

• Silver rate in Kerala opened the second week of May at Rs.76,500 per kg. The price was up by Rs.2,300 for every kilogram when the rate was compared to what was charged on the final day of the previous week.
• Silver recorded its highest and lowest price for the month till date over the week. While the highest price was recorded on the first day of the week i.e., 8th May, the lowest was recorded on 14th May. A kilogram of the white metal cost Rs.70,500 on the mentioned date.
• The overall performance of silver in Kerala witnessed a declining trend.

May 2021 - Week 3 (15 - 21):

• The price of silver in Kerala was Rs.71,000 per kg on 15th May. There was an increase of Rs.500 when the price of silver was compared to what was charged on the final day of the previous week.
• The white metal recorded its highest price for the month till date on 18th May when a kilo cost Rs.78,600 as the rate increased gradually. The price of silver, however, slipped in the state following that.
• Silver price in Kerala closed the third week of May at Rs.76,400 per kg. The overall performance of silver in the state was one of incline.

May 2021 - Week 4 (22 - 28):

• Silver prices in Kerala opened the week at Rs.76,400 per kg on 22 May and held steady on 23 May at the same price. However, on 24 May, the value of the white metal decreased to Rs.75,600 per kg.
• On 25 May, the price of silver recovered and crossed the Rs.76,000 per-kg mark at Rs.76,200 per kg and further increased to cross the Rs.77,000 per-kg mark at Rs.77,300 per kg on 26 May which was the highest price during the week.
• At the end of the week, the silver rate declined to Rs.76,000 per kg on 27 May and closed the week at Rs.76,100 per kg.

May 2021 - Week 5 (29 - 31):

• Opening the last week of the month at Rs.77,200 per kg on 29 May, silver rate in Kerala showed a steady trend on the following day due to mute trend seen in the international market.
• At the end of the week, silver prices declined greatly and closed the week, and the month at Rs.72,000 per kg on 31 May.

Trend of Silver Rate in Kerala for April 2021 (rates per kg)

April 2021 - Week 1 (01 - 04):

• In Kerala, a kilogram of silver was retailed for Rs.68,500 on 1st April. The price of the white metal was up by Rs.1,200 when compared to the price charged on the final day of the previous month.
• Silver price climbed the next day and recorded its highest for the month till date with a kilogram costing Rs.70,000.
• Silver price in Kerala slipped on 3rd April and closed the week at Rs.69,700 per kg. The overall performance of the previous metal in the state was one of incline.

April 2021 - Week 2 (5 - 11):

• A kilogram of silver was priced at Rs.69,900 per kg in Kerala and declined to Rs.65,000 per kg on 6 April due to the international value of the metal. On 7 April, the silver price in Kerala increased by Rs.5,500 to Rs.70,500 per kg.
• Increasing further by Rs.800 to Rs.71,300 per kg, the price of the white metal increased to cross the Rs.72,000 per-kg mark and hit its highest at Rs.72,100 per kg on 9 April as the dollar value declined in the market.
• On 10 April, the price of silver declined to Rs.71,700 per kg and closed the week at the same rate, recording an overall incline.

April 2021 - Week 3 (12 - 18):

• A kilogram of silver was priced at Rs.71,700 per kg in Kerala at the start of the week. No change was recorded in the price of the white metal when the rate was compared to the previous week’s closing price.
• The price of silver increased in the southern state over the week and recorded its highest price for the month till date on the final day of the week.
• Silver price in Kerala closed the week at Rs.73,700 per kg. The overall performance of silver in the state witnessed an inclining trend.

April 2021 - Week 4 (19 - 25):

• The white metal was priced at Rs.73,400 per kg on 19 April, opening the fourth week of the month. Silver price in Kerala increased marginally to Rs.73,600 per kg on 20 April and further to Rs.73,900 per kg on 21 April.
• Due to a weak dollar and low U.S. Treasury bond yields, silver prices increased to hit its highest of the month at Rs.75,700 per kg on 22 April. However, on 23 April, the value of silver dipped to Rs.74,600 per kg.
• Dipping by Rs.600 on 24 April, gold prices were at Rs.74,000 per kg and closed the week recording an overall incline, at Rs.74,000 per kg on 25 April.

April 2021 - Week 5 (26 - 30):

• A kilogram of silver was retailed for Rs.74,000 on 26th April in Kerala. When compared to the closing price of the previous week, no change was recorded in the price of the white metal.
• The price of silver remained unchanged on 27th April but witnessed slight fluctuations in the state from 28th April onwards.
• Silver price in Kerala closed the month at Rs.72,800 per kg. The overall performance of the white metal in the southern state was one of incline.

Trend of Silver Rate in Kerala for March 2021 (rates per kg)

March 2021 - Week 1 (1 - 7):

• In Kerala, silver was priced Rs.73,300 per kg on 1st March. There was an increase of Rs.5,800 for every kilogram when the rate was compared to what was charged on the final day of the previous month.
• While the precious metal opened the first week at the highest recorded price for the month till date, the rate fluctuated and recorded its lowest on 5th March. On the mentioned date, a kilo was retailed for Rs.69,800.
• Silver price in Kerala closed the week at Rs.70,100 per kg. In the state, the overall performance of the white metal witnessed a declining trend in the rates.

March 2021 - Week 2 (8 - 14):

• In Kerala, silver was priced at Rs.71,000 per kg on 8 March opening the second week of the month. There was a fluctuating trend seen in the white metal’s prices throughout the week. On 9 March, the value of 1 kg silver was Rs.70,200. However, on 10 March, the value of the metal increased to Rs.71,400 per kg.
• On the following day, as a positive trend was seen in the international market, the silver rate in Kerala increased to Rs.71,700 per kg and dipped marginally to Rs.71,500 per kg on 12 March.
• On 13 March, silver prices dipped to Rs.71,400 per kg and closed the week at the same rate after a mute trend was seen in the market despite hopes of a stimulus package from the U.S. government. 

March 2021 - Week 3 (15 - 21):

• Silver price in Kerala at the start of the week was Rs.71,500 per kg. The price of the white metal was up by Rs.100 when the rate was compared to the closing price of the previous week.
• The price of silver witnessed a lot of fluctuations in the state over the week. A kilo of the white metal was retailed for Rs.72,500 on 18th March. The rate, however, dropped the next day and was priced Rs.71,500.
• The precious metal closed the week at Rs.71,800 per kg after the rates recorded an increase of Rs.300 for every kilogram on 20th March. Silver’s overall performance in Kerala witnessed a declining trend.

March 2021 - Week 4 (22 - 28):

• The price of silver in Kerala was Rs.71,800 per kg on 22 March and declined to Rs.70,400 per kg on the following day. Due to a stronger dollar value seen in the international market, the price of the metal declined further on 24 March to below the Rs.70,000 per-kg mark at Rs.69,700 per kg.
• On 25 March, the price of silver was trading at Rs.69,400 per kg and increased marginally by Rs.100 to Rs.69,500 per kg on 26 March.
• The price of the precious metal declined yet again by Rs.200 to Rs.69,300 per kg and closed the week at the same rate on 28 March recording an overall decline in price for the week

March 2021 - Week 5 (29 - 31):

• In Kerala, a kilogram of silver was retailed for Rs.69,300 on 29th March. When compared to the price charged on the final day of the previous week, the rate didn’t see any change in the state.
• Over the next two days, the price of the white metal slipped in Kerala. The drop in the price saw a kilogram being retailed for Rs.67,300 on 31st March, the lowest recorded price for the month.
• Silver price in Kerala witnessed a declining trend in the rates.

Trend of Silver Rate in Kerala for February 2021 (rates per kg)

February 2021 - Week 1 (1 - 7):

• Silver price in Kerala was Rs.73,300 per kg on 1 February and inclined to Rs.74,000 per kg on 2 February which was the highest price of the metal in the week. However, due to a higher risk appetite, the price of the metal dipped to Rs.69,000 pe kg on 3 February.
• Declining further by Rs.500 to Rs.68,500 per kg on 4 February, the price of the white metal was at its lowest on 5 February at Rs.67,300 per kg due to the dollar value rising in the international market.
• On 6 February, gold prices recovered marginally and was Rs.68,700 per kg and closed the week at the same rate, recording an overall decline through the week.

February 2021 - Week 2 (8 - 14):

• Silver rate in Kerala opened the week at Rs.68,700 per kg on 8 February and increased to cross the Rs.70,000 per-kg mark on 9 February at Rs.70,200 per kg. The value of silver dipped marginally to Rs.69,600 per kg on 10 February.
• The white metal’s value showed fluctuations in the following days due to international trends after dipping to Rs.69,400 per kg on 11 February and increased to Rs.68,700 per kg on 12 February.
• On 13 February, the value of 1 kg of silver increased to Rs.69,200 per kg and closed at the same rate on 14 February.

February 2021 - Week 3 (15 - 21):

• Silver price in Kerala at the start of the third week of February at Rs.69,200 per kg. When compared to the closing price of the previous week, the price of the white metal didn’t see any change in the state.
• The price of the white metal climbed in the state the next day and was priced Rs.70,200 per kg. Silver rates, however, slipped over the next two days and was priced Rs.69,500 per kg on 18th February.
• The rate of the precious metal increased again on 19th February before declining and closing the penultimate week of the month at Rs.69,000 per kg. Silver’s overall performance in the southern state was one of decline.

February 2021 - Week 4 (22 - 28):

• Silver rate in Kerala was Rs.69,000 per kg on 22 February and increased to Rs.70,500 per kg on 23 February in the state due to a positive trend seen in the international market. On 24 February, the white metal’s value was Rs.70,500 per kg.
• Due to higher demand and a positive trend, the price of the white metal hit its highest in the month at Rs.75,200 per kg on 25 February and declined to below the Rs.70,000 per-kg mark soon after at Rs.69,600 per kg on 26 February.
• On 27 February, the white metal’s value declined further to Rs.67,500 per kg and closed the month at the same rate.

Trend of Silver Rate in Kerala for January 2021 (rates per kg)

January 2021 - Week 1 (1 - 9):

• Opening the first week of 2021 at Rs.72,000 per kg on 1 January, silver price in Kerala showed a declining trend for the week. The metal's value held steady on 2 January and 3 January at the same price.
• Declining substantially to Rs.69,600 per kg on 4 January, the price of the metal recovered marginally and was Rs.70,400 per kg on 5 January. After dipping marginally to Rs.70,200 per kg, the metal hit its weekly high at Rs.71,400 per kg on 7 January.
• After hitting the highs, the metal’s value declined to Rs.70,100 per kg on 8 January. The white metal’s value dropped to hit its weekly low at Rs.63,900 per kg on 9 January.

January 2021 - Week 2 (10 - 16):

• A kilogram of silver was priced Rs.69,000 per kg on 10th December in Kerala. The price of the white metal was up by Rs.5,100 per kilo when the price was compared to what was charged on the final day of the previous week.
• Silver price in Kerala witnessed a lot of fluctuations over the week. Having recorded a decline in the rates on 11th December, the price of the white metal shot up to Rs.70,700 per kg on 13th December.
• The price of the precious metal continued to see slight fluctuations over the remainder of the week and closed at Rs.69,700 per kg. The overall performance of the metal witnessed a declining trend in the state.

January 2021 - Week 3 (17 - 23):

• Silver rate in Kerala was Rs.69,700 per kg on 17 January compared to its previous closing price of Rs.65,000 per kg. The white metal’s prices held steady at the same rate on 18 January as well with investors awaiting updates on the additional stimulus package from the U.S. government.
• The price of the precious metal increased to Rs.70,600 per kg on 19 January and further to inclined to cross the Rs.71,000 per-kg mark at Rs.71,200 per kg on 20 January. On 21 January, silver rates declined to Rs.67,100 per kg.
• Recovering on the following day, a kg of silver was priced at Rs.71,500 per kg on 22 January and closed at Rs.71,400 per kg on 23 January.

January 2021 - Week 4 (24 - 31):

• A kilogram of silver was priced Rs.71,400 per kg on 24th January in the southern state of Kerala. The price of the white metal was similar to what was charged on the final day of the previous week.
• The price of the precious metal slipped considerably over the next few days and a kilo was retailed for Rs.65,900 per gram on 28th January.
• Silver price in Kerala recovered on 29th and 30th January before slipping again and closing the week at Rs.69,800 per kg. The overall performance of the white metal in Kerala was one of decline.

Also Check Silver Price in Metro Cities

Trend of Silver Rate in Kerala for December 2020 (rates per kg)

December 2020 - Week 1 (1 - 6):

• Silver rate in Kerala opened the first week of December at Rs.64,600 per kg. This was the lowest recorded price of the precious metal for the month till date. When compared to the closing price of the previous month, the rate of silver was down by Rs.100 for every kilogram.
• The price of silver climbed in the southern state over the next few days and recorded its highest price for the month on 4th December when a kilo was retailed for Rs.67,500.
• Silver closed the opening week at Rs.67,500 per kg as the rates didn’t see any change on 5th and 6th December. The rates witnessed an inclining trend in Kerala over the week.

December 2020 - Week 2 (7 - 13):

• In Kerala, silver opened the second week of December on 7 December at Rs.63,910 per kg and increased to Rs.65,500 per kg on 8 December. The price of the metal, however, declined on 9 December.
• With the rise in risk appetite amongst investors due to vaccine optimism, the price of the metal dipped to RS.64,400 per kg on 9 December and further declined to rs.63,400 per kg on 10 December.
• Increasing marginally on 11 December at Rs.63,410 per kg, the value of silver dipped on 12 December to Rs.63,200 per kg and closed at Rs.63,600 per kg on 13 December with an overall weekly decline in prices.

December 2020 - Week 3 (14 - 20):

• In Kerala, a kilo of silver cost Rs.67,400 on 14th December. There was no change in the price of the white metal when the price was compared to what was charged on the final day of the previous week.
• Silver price climbed in the state over the week and recorded its highest price for the month till date on 18th December. On the mentioned date, a kilogram of the white metal cost Rs.71,500.
• Silver price in Kerala closed the third week of December at Rs.71,500 per kg after the rates didn’t see any change on 19th and 20th December. The overall performance of the white metal witnessed an inclining trend in the rates.

December 2020 - Week 4 (21 - 27):

• The price of silver in Kerala was Rs.70,700 per kg on 21 December and showed an early declining trend during the first half of the week at Rs.69,600 per kg on 22 December. On 23 December, the price of the metal dipped substantially to Rs.66,900 per kg.
• On 24 December, silver rate in Kerala dipped further to Rs.69,600 per kg and on Christmas Day, increased marginally by Rs.10 to Rs.66,610 per kg.
• The price of the metal increased due to the speculations surrounding the stimulus package to be released by the U.S. government and was at RS.67,600 per kg on 26 December and closed the week at the same rate on 27 December.

December 2020 - Week 5 (28 - 31):

• In Kerala, a kilo of silver was retailed for Rs.73,400 at the start of the final week of December. The price of the white metal was up by Rs.2,200 for every kilogram when the price was compared to the price charged on the final day of the previous week.
• Silver price dropped in the state over the next two days. The precious metal was priced Rs.68,800 per kg on 30th December.
• Silver price in Kerala closed the week at Rs.72,300 per kg after the rates increased considerably on the final day of the year. The overall performance of the white metal witnessed an inclining trend in the rates.

Trend of Silver Rate in Kerala for November 2020 (rates per kg)

November 2020 - Week 1 (1 - 8):

• In Kerala, silver opened the month at Rs.60,100 per kg and showed an overall inclining trend for the week, increased to Rs.61,700 per kg on 2 November, further increasing to Rs.61,900 per kg on 3 November.
• Silver rate on 4 November decreased to Rs.61,200 per kg. However, on the following day, the metal hit its highest price of the week at Rs.66,100 per kg on 5 November as the focus on equities fell.
• On 6 November, the metal’s price dipped to Rs.64,500 per kg and on 7 November, the price increased to Rs.65,400 per kg. The metal closed at Rs.65,410 per kg on 8 November.

November 2020 - Week 2 (9 - 15):

• In Kerala, a kilogram of silver was retailed for Rs.65,400 at the start of the second week of November. There was a drop of Rs.10 in the price of every kilogram when compared to the price charged on the final day of the previous week.
• Over the week, silver rates witnessed slight fluctuations in the southern state of the country. A kilo of the white metal was retailed for Rs.63,800 per kg on 14th November.
• Silver price in Kerala closed the week at Rs.63,600 per kg. Silver’s overall performance witnessed an inclining trend in the rates.

November 2020 - Week 3 (16 - 22):

• In Kerala, silver opened the third week of the month on 16 November at Rs.63,610 per kg and recorded a substantial decline to below the Rs.63,000 per kg levels on 17 November at Rs.62,900 per kg.
• On 19 November, the price of the metal dipped to Rs.62,100 per kg and decreased further to Rs.61,600 per kg on 20 November as the investors shifted towards the equities market on positive news on the COVID-19 vaccines being developed by various companies.
• The price of the metal on 21 November was Rs.62,300 per kg, and remained steady until the end of the week and closed at the same rate on 22 November, recording an overall weekly decline.

November 2020 - Week 4 (23 - 30):

• Silver rate in Kerala opened the last week of November at Rs.62,300 per kg and dipped to Rs.60,000 per kg on 24 November. The price of the metal dipped further to Rs.59,500 per kg on 25 November.
• On 27 November, the metal’s price had dipped to Rs.59,600 per kg and it dipped further to Rs.59,200 per kg on 28 November.
• Silver price in Kerala closed the month at Rs.59,100 per kg, recording a monthly low and an overall weekly decline.

Trend of Silver Rate in Kerala for October 2020 (rates per kg)

October 2020 - Week 1 & 2 (1 -11):

• Silver price in Kerala was Rs.60,700 per kg on 1 October, marking the beginning of the first week of the month. The price of the metal increased to Rs.61,210 per kg on 4 October and dipped to Rs.60,600 per kg on 5 October.
• Silver prices, on 6 October was Rs.62,000 per kg and dipped yet again to Rs.60,600 per kg on 7 October. On 8 October, the price of the metal was Rs.60,210 per kg.
• The value of the white metal increased to Rs.60,600 per kg on 9 October and increased to cross the Rs.62,000 per kg mark on 10 October. At the end of the week, silver closed at Rs.62,910 per kg.

October 2020 - Week 3 (12 - 18):

• Silver price in Kerala opened the third week of October at Rs.62,920 per kg. The price of the white metal witnessed an increase of Rs.10 for every kilogram when compared to the price charged on the final day of the previous week.
• With the price of the white metal increasing, silver recorded its highest price for the month till date on 13th October when a kilo was retailed for Rs.63,100 per kg.
• The price of silver saw slight fluctuations over the remainder of the week and closed at Rs.61,700 per kg. Silver’s overall performance in the state witnessed an inclining trend.

October 2020 - Week 4 (19 - 25):

• Opening at Rs.61,350 per kg on 19 October, silver prices in Kerala showed an overall incline for the fourth week of the month. The price of the metal increased to Rs.62,000 per kg on 20 October and hit its highest price of the month on 21 October at Rs.63,500 per kg.
• Dipping marginally by Rs.500, the price of the white metal was at Rs.63,000 per kg on 22 October and dipped further to Rs.62,600 per kg on 23 October.
• Silver rate in Kerala decreased by Rs.100 and was at Rs.62,500 per kg on 24 October and closed the week at the same rate on 25 October.

October 2020 - Week 5 (26 - 31):

• Silver price in Kerala opened the fifth week of October at Rs.61,800 per kg. When compared to the closing price of the previous week, there was a decline of Rs.700 in the price of every kilogram.
• In the southern state of the country, the price of the white metal improved gradually over the week before the rate slipped again on 31st October.
• Silver closed the week at Rs.61,000 per kg with the overall performance witnessing an inclining trend.

Trend of Silver Rate in Kerala for September 2020 (rates per kg)

September 2020 - Week 1 (1 - 6):

• In Kerala, the price of the white metal opened at Rs.76,500 per kg on 1 September and was at its highest on the same day with risk appetite at a low amongst investors.
• However, on 3 September, silver rate in Kerala dropped substantially to below the Rs.66,000 per kg levels at Rs.65,800 per kg due to the value of the U.S. dollar rising in the international market.
• At the end of the week, silver prices recovered from its weekly low and closed at Rs.67,210 per kg, recording an overall decline during the first week of the month.

September 2020 - Week 2 (7 - 13):

• In Kerala, the price of silver opened the second week of September at Rs.67,220 per kg. When compared to the closing price of the previous week, the price was down by Rs.10 per kg
• Over the week, silver rates witnessed fluctuations in the state. A kilogram of silver was retailed for Rs.68,560 on 10th September.
• The rate of silver slipped in the city after that and closed the week at Rs.67,900 per kg. The metal’s overall performance in the state witnessed a declining trend.

September 2020 - Week 3 (14 - 20):

• In Kerala, a kilogram of silver was retailed for Rs.67,910 at the start of the third week of September. There was an increase of Rs.10 for every kilogram when compared to the price charged on the final day of the previous week.
• Over the week, silver rates slipped in the southern state. A kilo of the white metal was retailed for Rs.67,810 per kg on 18th September.
• Silver price in Kerala closed the week at Rs.67,900 per kg with the overall performance witnessing a declining trend.

September 2020 - Week 4 (21 - 27):

• Silver price in Kerala was Rs.67,800 per kg on 21 December and showed a declining trend throughout the week with support for the metal due to the rising number of COVID-19 cases all over the world.
• On 22 September, the price of the metal fell to Rs.61,300 per kg as the dollar value increased against other currencies. Due to this silver hit its lowest price of the month on 24 September at Rs.58,500 per kg.
• On 26 September, the price of silver dipped to Rs.59,000 per kg, falling by Rs.300 compared to the closing price of the previous session. The metal closed the week at the same price on 27 September.

September 2020 - Week 5 (28 - 30):

• Silver price in Kerala opened the week at Rs.59,000 per kg. There was no change in the rates when compared to the price charged on the final day of the previous week.
• The price of silver climbed in the southern state over the next two days and closed the month at Rs.62,500 per kg.
• Over the month, the overall performance of the white metal in Kerala witnessed a declining trend.

Trend of Silver Rate in Kerala for August 2020 (rates per kg)

August 2020 - Week 1 (1 - 9):

• As the number of COVID-19 cases all around the world increased and the U.S. dollar value dipped in the international market, silver rate in Kerala opened at Rs.65,010 per kg and increased throughout the week.
• On 5 August, the metal was priced at Rs.65,060 per kg, increasing marginally and on the following day, increased to cross the Rs.71,000 per kg mark at Rs.71,510 per kg.
• With the United States Federal Reserve announcing a new stimulus package, the silver rate increased to hit record highs on 8 August at Rs.76,520 per kg and closing the week at RS.74,210 per kg on 9 August.

August 2020 - Week 2 (10 - 16):

• In Kerala, a kilo of silver was retailed for Rs.74,220 per kg at the start of the week. The price of the precious metal saw a minimal increase of Rs.10 when compared to the closing price of the previous week.
• The price of silver witnessed a lot of fluctuations over the week in the southern state. The metal’s price slipped to its lowest for the month on 13th August and cost Rs.65,010 per kg.
• Silver rates closed the second week of August at Rs.68,010 per kg after the rates recovered over the last three days of the week. The overall performance witnessed an inclining trend.

August 2020 - Week 3 (17 - 23):

• On 17 August, silver price in Kerala opened the third week of the month at Rs.68,020 per kg and increased by almost Rs.900 to Rs.68,910 per kg on 18 August and further to Rs.71,110 per kg on the following day.
• However, with the dollar value recovering in the market, the silver price dropped to Rs.68,110 per kg on 20 August and further to Rs.67,010 per kg on 21 August.
• On 22 August, the silver price increased to Rs.67,810 per kg and dipped on the last day of the week by Rs.700 to close at Rs.67,110 per kg on 23 August.

August 2020 - Week 4 (24 - 31):

• In Kerala, the price of silver was Rs.67,120 per kg at the start of the week. There was a minimal increase of Rs.10 in the price of the white metal when compared to the closing price of the previous week.
• Silver rates witnessed a lot of fluctuations over the final week of August in the southern state of the country.
• Silver price in Kerala closed the week at Rs.66,370 per kg. The overall performance of the precious metal witnessed an inclining trend in the state.

Trend of Silver Rate in Kerala for July 2020 (rates per kg)

July 2020- Week 1 (01 - 05):

• Silver prices in Kerala opened at Rs.48,560 per kg on 1 July and increased to hit the highest price of the week the following day on 2 July at Rs.50,060 per kg. The rise in prices was majorly due to the rise in COVID-19 cases in the country along with the world, which prompted investors to shift to safe-haven assets and away from the equities market.
• The price of the white metal on 3 July dipped to Rs.48,610 per kg as the risk sentiment increased amongst investors with the United States of America showing positive data in the country. The hopes of a possible COVID-19 vaccine also added to the increased risk appetite of investors. On 4 July, the value of the metal dipped further to Rs.48,560 per kg.
• On the last day of the week, the metal’s value dipped further to Rs.48,510 per kg on 5 July, closing the week at the same price recording an overall weekly decline in its prices.

July 2020 - Week 2 (06 - 12):

• In Kerala, the value of the white metal showed an overall inclining trend for the week, opening at Rs.48,520 per kg on 6 July and increasing to Rs.49,610 per kg in one day, on 7 July. As the number of fresh cases of COVID-19 continued to increase all over the world, investors stayed away from the riskier assets and focused on the bullion market resulting in higher safe-haven demand. On 8 July, the price of silver was priced at 49,300 per kg, dipping by Rs.310 as the value of the U.S. dollar recovered in the market.
• On 9 July, silver prices increased yet again as the renewed risk appetite amongst investors was short-lived with the rising cases of COVID-19 in the United States of America. Silver was priced at Rs.50,030 per kg on the date and increased by more than Rs.1,000 to be priced at Rs.51,910 per kg, moving swiftly towards its 7-year highs.
• However, the value of the metal dipped marginally with speculations regarding economic recovery dampening the safe-haven and demand-driven rise of silver prices. On 11 July, the value of silver increased marginally to Rs.51,960 per kg and hit its 7-year high at Rs.52,000 per kg on 12 July, with an overall incline in prices.

July 2020 - Week 3 (13 - 19):

• In Kerala, silver was priced Rs.52,010 per kg on 13th of July. The price of the metal was up by Rs.10 in the state when compared to the closing price of the previous week.
• Silver rates in the state fluctuated over the week. Silver’s highest price for the month till date was recorded on 16th July when a kilo was retailed for Rs.53,010 per kg.
• The white metal closed the week at Rs.52,910 per kg. The overall performance of the metal in Kerala was that of incline.

July 2020 - Week 4 (20 - 26):

• In Kerala, the price of silver at the start of the fourth week of July was Rs.52,290 per kg. The price of the white metal had increased by Rs.10 for every kilogram when compared to the price charged on the final day of the previous week.
• Silver rates climbed in the state over the week and recorded its highest price for the month till date on 24th July. A kilo was retailed for Rs.62,010 per kg on the mentioned date.
• Silver price in Kerala closed the penultimate week of the month at Rs.61,210 per kg.

July 2020 - Week 5 (27 - 31):

• Silver price in Kerala showed heavy inclines in the last week of the month opening at Rs.61,220 per kg on 27 July, silver rates increased and was at Rs.64,710 per kg on the following day.
• Increasing further, the price of silver increased to cross the Rs.66,000 per kg mark at Rs.66,050 per kg on 29 July and increased further to hit the highest price in the month at Rs.66,060 per kg on 30 July.
• On the last day, investors shifted back to the equities and booked profits. The metal’s price dipped and closed at Rs.63,010 per kg on 31 July.

Trend of Silver Rate in Kerala for June 2020 (rates per kg)

Trend of Silver Rate in Kerala for May 2020 (rates per kg)

Trend of Silver Rate in Kerala for April 2020 (rates per kg)

Trend of Silver Rate in Kerala for March 2020 (rates per kg)

Trend of Silver Rate in Kerala for February 2020 (rates per kg)

Trend of Silver Rate in Kerala for January 2020 (rates per kg)

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.

Read more on Silver

• Silver – Poor Man’s Gold
• How To Find Certified/Authentic Silver
• About Silver Mining
• Why Should You Invest In Silver?
• Need For Silver As An Industrial Commodity