Silver Rate in Kerala

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

• In Kerala, silver was recorded trading at Rs.38,300 per kg when the month began.
• The next day saw silver rate in Kerala surging to Rs.38,500 per kg after the dollar declined with the proposed US tax bill delayed by the US tax legislation.
• Steady demand from coin manufacturers and industries despite the poor trend overseas led to the industrial metal trading steady at Rs.38,500 per kg until the 7th.
• The 8th, however, saw silver rate in Kerala plummeting to Rs.36,800 per gram due to a well-performing dollar coupled with weak overseas trends.
• The week concluded with silver prices relatively higher at Rs.37,100 per kg owing to an increase in local buying amid the ongoing wedding season.

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

• In Kerala, silver was priced at Rs.37,000 per kg for the first two days of this week, i.e., the 11th and the 12th.
• Rates went down slightly to Rs.36,800 per kg on the 13th due to weak demand from local circles.
• On the 14th, silver rates in Kerala went up to Rs.37,500 per kg on positive global cues.
• But, demand couldn’t be sustained for longer. This led to prices dropping off to Rs.36,900 per kg on the 15th of the month.
• The 16th again saw a burst of demand and the metal traded at Rs.37,200 per kg.
• When the week came to an end on the 17th, the white metal was seen trading at Rs.37,200 per kg.

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

• Silver opened at Rs.37,200 per kg on the 18th, when trading commenced in Kerala.
• Despite the steady US dollar and well-performing equity markets, the industrial metal stood its ground. Silver was recorded trading at Rs.37,500 per kg on the 19th and the 20th.
• The 21st witnessed silver priced at Rs.37,600 per kg before dropping to Rs.37,400 per kg on the 22nd amid a strengthening dollar and firmer equities.
• However, with the Asian markets failing against the new tax cuts, equity markets took a hit. This led to silver price in Kerala surging to Rs.37,700 per kg on the 23rd.
• Silver rate in Kerala remained unchanged at Rs.37,700 per kg on the 24th owing to steady industrial demand amid the positive trends overseas.

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

• During the final week of 2017, silver rates in Kerala improved gradually.
• When the month began on the 25th, the white metal was priced at Rs.37,700 per kg. Due to a rise in demand, silver prices went up to Rs.37,900 per kg the next day.
• Prices rose for the third consecutive day and the metal traded at Rs.38,200 per kg before rising again to Rs.38,600 per kg as demand increased, thanks to positive cues from the global market.
• When the week came to an end, the metal’s prices were still holding at Rs.38,600 per kg.

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

• Unlike other cities, silver rate in Kerala saw little changes this week.
• Demand for the white metal remained strong on all five days of this week, thanks to sustained buying from local investors and coin makers.
• When the week started, silver was priced at Rs.39,300 per kg.
• Due to steady buying cues, silver price in Kerala remained at Rs.39,300 per kg over the next four days as well.

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

• Kerala witnessed silver prices varying throughout the week, owing to a fluctuating industrial demand and uneven global trends.
• Silver was priced at Rs.39,300 per kg, when trading commenced for the week.
• On the 7th, silver rate in Kerala surged to Rs.40,000 per kg owing to an increased offtake by industries and coin manufacturers.
• Rates, however, dropped to Rs.39,800 per kg on the 8th, which surged to Rs.39,900 per gram on the 9th owing to an increased industrial demand amid strong global cues.
• Silver price in Kerala plunged to Rs.39,800 per kg on the 11th as a weak trend overseas resulted in reduced offtake by industries and coin makers.
• When the week concluded, the white metal was recorded trading at Rs.39,800 per kg.

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

• Silver trading in Kerala was highly consistent throughout this week.
• On the 13th, when the week began, the silver rate in Kerala was priced at Rs.39,800 per kg. Rates remained the same on the 14th, as there was little change in local demand.
• As coin makers and industrial units increased their offtake slightly, silver rate in Kerala went up to Rs.39,900 per kg on the 15th.
• But, the 16th saw silver trading come back to normal with the metal trading at Rs.39,800 per kg.
• The final three days of the week saw silver trading remain consistent, which was evident with prices remaining the same.

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

• Silver rate in Kerala was on the subdued side for most of this week due to poor local demand.
• On the 20th of November, when the week began, silver was priced at Rs.40,100 per kg. However, a low offtake from industries saw silver price in Kerala down to Rs.39,600 per kg on the 21st.
• Silver prices remained unchanged on the 22nd but went back up slightly to Rs.39,700 per kg and surged up again to Rs.39,800 per kg on 23rd November.
• Due to demand falling significantly, silver rates fell to Rs.39,500 per kg on the 24th and remained the same till the closing hours of the month.

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

• When trading for the week began in Kerala, the white metal was priced at Rs.39,500 per kg.
• Due to steady demand from the local market, silver eas still trading at Rs.39,500 per kg.
• The 29th, however, saw silver price in Kerala drop to Rs.39,200 per kg as global demand affected trading in the domestic circles.
• When the week came to an end, silver rates in Kerala had dropped further to Rs.38,500 per kg.

October 2017 - Week 1 (1st -7th)

• Silver traded at Rs.39,800 per kg on 1 October in Kerala as demand continued to be stable from the previous month.
• Demand dropped due to a steady rise in the U.S. dollar rate, which made imports more expensive for industrial units, especially those from Asia.
• Silver traded at Rs.39,600 per kg on 2 October as local demand kept prices from dropping too steeply in the face of reduced international demand.
• Silver price in Kerala continued to dip, with silver trading at Rs.39,400 per kg on 3 October.
• A slight surge in demand led to silver trading at Rs.39,500 per kg on 4 & 5 October.
• Demand dropped after the release of positive U.S. non-farm employment data, which led to a surge in markets.
• Poor demand from Europe also resulted in lower demand for silver, which traded at Rs.39,100 per kg on 7 October.

October 2017 - Week 2 (8th -14th)

• Silver prices in Kerala opened at Rs.39,100 per kg for this week.
• On the 9th, rates went up to Rs.39,800 per kg as demand for the metal surged amidst positive trading news from the international market.
• Silver rates in Kerala went up again on the 10th to Rs.40,100 per kg and remained unchanged on the 11th because of a strong demand from domestic industries and coin makers.
• The 13th saw silver prices surge to Rs.40,300 per kg and continue at the same rate till the closing hours of the 14th.
• Overall, a weak US market this week pushed demand for silver up as investors looked to improve their reserves.

October 2017 - Week 3 (15th -21st)

• In Kerala, silver opened at Rs.40,300 per kg when the week started on the 15th.
• Silver rate in Kerala went up slightly to Rs.40,500 per kg - as demand went up - before falling back down to Rs.40,200 per kg on the 17th.
• As pre-Diwali period gave little impetus to push sales, silver rates went down to Rs.40,000 per kg on the 18th of October.
• When trading opened on the 19th, silver prices in Kerala were recorded at Rs.39,800 per kg.
• For the remaining two days of the week, silver rate in Kerala remained at Rs.39,800 per kg.

October 2017 - Week 4 (22nd -28th)

• In Kerala, silver opened trading at Rs.39,800 per kg on the 22nd.
• The 23rd witnessed prices dropping marginally to Rs.39,700 per kg as demand from industrial units and coin manufacturers declined with the strengthening dollar.
• Silver price in Kerala remained unchanged at Rs.39,700 per kg the next day, but dropped to Rs.39,600 per kg on the 25th with the dollar gaining over other apex currencies.
• However, the state witnessed demand for the industrial metal rising despite poor global trends. This led to silver rates rebounding to Rs.39,700 per kg on the 26th.
• The 27th witnessed silver price in Kerala plunging to Rs.39,300 per gram with the dollar gaining over the euro after the ECB extended its bond-buying scheme.
• When trading concluded in Kerala, silver was recorded trading at Rs.39,600 per kg on the 28th with an increase in domestic demand from industrial units and coin makers.

October 2017 - Week 5 (29th -31st)

• Silver rates also dropped this week due to weak demand from both global and domestic markets.
• When the week started on the 29th, silver was priced at Rs.39,600 per kg.
• However, a weak local demand from industrial units saw silver rates in Kerala drop to Rs.39,300 per kg on the 30th.
• As demand remained more or less stable as the previous day, silver rates in Kerala remained at Rs.39,300 per kg.

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

• Price fluctuations was a major trend this week as there were changes to be seen on a daily basis.
• When the week started, gold was trading at Rs.40,000 per kg.
• But, as demand in the city surged, prices went up to Rs.40,600 per kg on the 2nd before remaining unchanged for the subsequent day.
• The 4th saw prices go up again, as demand increased owing to strong global cues, which led to the metal trading at Rs.41,100 per kg.
• Due to a slowing down in local purchases, prices fell to Rs.41,000 per kg on the 7th before North Korea’s confirmation about nuclear test pushed dollar rates down.
• When the week came to an end, the white metal’s rates were recorded at Rs.40,600 per kg.

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

• Silver price in Kerala fluctuated over the course of the week due to declining demand from industrial buyers before recovering towards the end of the week.
• Silver was priced at Rs.41,000 per kg on 11 September, with there being no change in price from the previous week due to stable demand.
• Prices fell to Rs.40,800 per kg on 12 September as local demand was on the decline due to a recovering U.S. dollar rate.
• An increase in orders from China coupled led to silver price in Kerala rising to Rs.41,200 per kg on 13 September.
• Demand fluctuated for the rest of the week, resulting in volatility in silver prices.
• Silver fell to Rs.40,800 per kg on 14 September due to a minor drop in value but soon recovered.
• The escalating tensions between North Korea and the United States as well as the impact of the hurricanes led to stock markets and the dollar rate plunging, leading to silver prices rising to Rs.41,000 per kg on 15 September.
• Prices continued to rise for the rest of the week as silver traded at Rs.41,700 per kg from 15-17 September.

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

• In Kerala, silver price in Kerala fluctuated over the course of the week. When trading commenced on the 18th of September, the white metal was priced at Rs.41,700 per kg.
• On the 19th, demand from industrial units and jewellers fell, which led to silver rates dropping to Rs.39,800 per kg.
• Positive global cues pushed silver rates up to Rs.40,200 per kg on the 20th, before falling back to Rs.39,700 per kg on the 21st.
• The festive season stoke silver demand, which led to rates increasing to Rs.40,100 per kg on the 22nd.
• As the demand from the previous day couldn’t be maintained, silver rate in Kerala fell to Rs.39,800 per kg on the 23rd of the month.
• When the week drew to a close, silver price in Kerala were still holding at Rs.39,800 per kg.

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

• In Kerala, silver prices fluctuated during the initial few days before stabilising towards the end of the week.
• When trading began on the 25th, gold was priced at Rs.39,600 per kg.
• Thanks to increased buying as a result of festivities, silver prices went up to Rs.40,500 per kg on the 26th of September.
• On the 27th, silver price in Kerala went down to Rs.39,500 per kg - which also happened to be the lowest rate for the month.
• The 28th saw the white metal’s prices increase slightly to Rs.39,800 per kg.
• As demand remained steady, silver rate in Kerala remained unchanged during the last two days of the week.

August ‘17 – Week 1 (1st to 6th)

• Demand for silver in Kerala was muted due to rising dollar rates as well as it being off-season.
• Silver was priced at Rs.38,900 per kg on 1 August as demand was strong due to a weak U.S. dollar rate and fluctuating markets.
• As the dollar strengthened, demand for silver among industrial units reduced, resulting in the metal trading at Rs.38,500 per kg on 2 August.
• Gold price in Kerala fell to Rs.38,100 per kg on 3 August due to poor overseas demand as markets also rose in anticipation of positive news from the U.S. Fed Reserve meeting.
• A spike in demand was observed on 4 August as silver prices rose to Rs.38,400 per kg.
• Demand fell to its lowest rate for the week as silver ended the week trading at Rs.37,800 per kg on 5 & 6 August due to declining demand from industry.

August ‘17 – Week 2 (7th to 13th)

• In Kerala, silver prices started for the second week of August at Rs.37,500 per kg.
• As there was little change in demand from local industrial units and coin makers, silver rates remained unchanged on the 8th and the 9th of August.
• The 10th, however, saw prices increase to Rs.38,900 per kg, courtesy of a falling US market.
• Rates went up again on the 11th to Rs.39,500 per kg as rates increased in the global bullion market as US- North Korea stand-off intensified.
• During the last two days of August week 2 - i.e., the 12th and the 13th, silver rates in Kerala remained at Rs.39,500 per kg as demand remained unchanged.

August ‘17 – Week 3 (14th to 20th)

• Silver prices in Kerala did not see much fluctuation or variation in demand in the third week of August.
• Silver traded at Rs.39,500 per kg on 14 August, with the price remaining constant for the subsequent three days due to consistent demand.
• Fluctuations in demand due to changes in the U.S. dollar rate did not affect demand in the state.
• Silver fell to Rs.39,300 per kg on 18 August following a dip in industrial demand as international trends also indicated a drop in interest in the white metal.
• Prices rose marginally, trading at Rs.39,400 per kg on 19 & 20 August as local demand did not rise in spite of favourable market conditions.

August 2017 – Week 4 (21st - 27th)

• In Kerala, silver rates fluctuated slightly due to uneven demand in domestic circles.
• On the 21st of August, silver was trading at Rs.39,100 per kg, which then went up to Rs.39,400 per kg as industrial units invested in the metal more.
• Rates fell on the 23rd to Rs.39,200 per kg due to a reduced offtake from the industrial part of the state.
• Prices increased to Rs.39,400 after a short decline the previous day as demand from coin makers went up owing to festivities.
• The 26th and the 27th saw silver selling at Rs.39,500 per kg due to continued demand.

August 2017 – Week 5 (28th - 31st)

• Silver was priced at Rs.39,600 per kg on 28 August, recording a marginal increase in price from the previous week due to the prevalent political tensions in the United States as well as bilateral tensions between the U.S. and North Korea.
• Prices rose to Rs.40,200 per kg on 29 August due to a sharp increase in demand after American stock markets plunged due to the economic impact of Hurricane Harvey.
• Local demand was high due to increased demand from industry as well as coin makers after the drop in the U.S. dollar rate.
• Silver prices fell marginally to Rs.40,100 per kg on 30 August due to vagaries in demand.
• The month ended with silver price in Kerala was at Rs.40,000 per kg as prices remained high due to consistently high demand from both domestic as well as overseas industrial units.

July 2017 - Week 1 (1st to 9th)

• Silver opened at Rs.39,600 per kg on 1 July in the state of Kerala and continued to trade at this price until 3 of July.
• Post GST implementation, there were no major changes noted in the demand for this precious metal.
• Ahead of the U.S. Independence Day holiday, the price of silver did not fluctuate too much. The value of the U.S. dollar was quite low due to monetary changes by global central banks.
• Silver was priced at Rs.38,700 per kg on 5 July and reduced by Rs.200 the next day to trade at Rs.38,500 per kg.
• On the last two days of the week however, silver traded steadily at Rs.37,700 per kg in Kerala due to low but sustained demand.

July 2017 – Week 2 (10th to 16th)

• Silver prices in Kerala fluctuated considerably during this week as there was no steady demand.
• On the 10th of July, silver was seen trading at Rs.37,000 per kg but went up to Rs.37,300 per gram on the 11th.
• As demand from local coin makers and industrialists rose, gold prices went up to Rs.38,000 per kg on the 12th.
• The increase, however, was short lived as prices relapsed to Rs.37,300 per kg on the 13th before going further down to Rs.36,700 per kg on the 14th.
• Silver rate in Kerala went up on the 15th as demand went up owing to price drops in the global market to go up to Rs.37,300 per kg.
• When the week came to an end on the 16th, silver price in Kerala was recorded at Rs.37,300 per kg.

July 2017 – Week 3 (17th to 23rd)

• Kerala’s demand for silver rose in the third week of July as demand from industrial units as well as coin makers increased.
• Silver was priced at Rs.37,400 per kg on 17 July on increased demand from overseas buyers as the U.S. dollar rate fell.
• Continued scandals surrounding the Trump administration had a negative effect on the stock markets, which led to a rise in demand for the white metal.
• Silver prices rose to Rs.37,800 per kg on 19 July before climbing further to Rs.37,900 per kg on 21 July.
• The end of the week saw the price of silver spike as the U.S. dollar continued to fall against other global currencies, resulting in silver rising to Rs.38,400 per kg on 22 & 23 July.

July 2017 - Week 4 (24 - 31):

• In Kerala, silver prices were recorded at Rs.38,300 per kg on the 24th.
• As there was no change in demand, prices remained the same on the 25th, before decreasing marginally to Rs.38,100 per kg on the 26th.
• On the 27th, silver prices reached Rs.38,700 per kg - a significant improvement compared to the previous few weeks.
• Due to demand seemingly hitting saturation point, prices fell to Rs.38,300 per kg on the 28th.
• After the latest US market’s fall and the dollar’s poor performance, prices went up to Rs.38,700 per kg on the 29th.
• Rates didn’t change on the 30th and the 31st of the month as there was sustained demand for the metal.

June 2017 - Week 1 (1st-4th):

• In Kerala, silver was trading at Rs.40,500 per kilogram on the 1st of June.
• As demand took a hit - like in the rest of the country - silver prices went down by Rs.700 to reach Rs.39,800 per kilogram.
• Prices, however, rallied on the 3rd as demand went up to reach Rs.40,400 per kilogram - a Rs.600 incline in a day’s time.
• Due to there being a sustained demand from coin makers and industrialists, silver prices remained at Rs.40,400 per kilogram when the week came to an end.

June 2017 - Week 2 (5th - 11th):

• In Kerala, silver prices were on the positive side during the first half of the week but feel as days progressed.
• On the 5th of June, silver was seen trading at Rs.40,600 per kg.
• As there was no change in demand for the next few days, silver prices remained the same till the end of the 8th.
• The 9th, however, saw prices dip to Rs.40,200 per kg as domestic coin makers and industrialists were wary of investing in the metal.
• Rates went down again on the 10th - this time by Rs.39,900 per kg - as demand saw no signs of recovering.
• When the week came to an end, silver prices were holding at Rs.39,900 per kg.

June 2017 - Week 3 (12th-18th):

• Silver opened at Rs.39,700 per kg on the first day of the third week of June in the state of Kerala due to relatively high demand for this metal.
• As the demand for this metal increased from coin makers and industrialists, the rate of silver rose to trade at Rs.39,300 per kg but reduced by Rs.100 the next day.
• There were a number of variations noted during the week in the rate of silver.
• As the week progressed, however the rate of silver declined.
• This precious metal traded at Rs.39,000 per kg on the last two days of the week.

June 2017 - Week 4 (19 to 25)

• The price of silver in Kerala recorded an increase over the course of the week, with silver opening at Rs.38,700 per kg on 19 June.
• Minor fluctuations in demand led to the price falling to Rs.38,600 per kg on 20 June, but prices recovered to trade at Rs.38,900 per kg on 22 June.
• Prices rose as demand from coin makers as well as industrial units increased due to market volatility and a weakened U.S. Dollar.
• Silver ended the week trading at Rs.39,000 per kg on 25 June, recording an increase in price of Rs.300 per kg over the course of the week.

June ’17 – Week 5 (26 to 30)

• Silver prices in Kerala fluctuated over the last week of June due to geo-political factors as well as the value of the U.S. Dollar.
• Silver was priced at Rs.39,000 per kg on 26 June but prices fell to Rs.38,700 per kg on 27 June as an increase in the U.S. Dollar led to lower demand from overseas markets.
• Prices rose to Rs.39,300 per kg on 28 June as local industrial units increased demand before the onset of the new taxation regime, but prices could not be sustained and eventually dropped to trade at Rs.39,100 per kg on 30 June.

May 2017 - Week 1 (1st-7th)

• The rate of silver in Kerala during the third week of April was relatively stable due to steady demand from industries and coin makers.
• Silver traded at Rs.40,600 per kg on the 1st of the month before reducing to Rs.39,500 per kg on the 2nd.
• As the week progressed, the rate of silver was Rs.39,300 per kg on the 3rd due to a fall in demand for this metal from markets overseas.
• A marginal recovery was noted in the rate of silver the next day with this metal trading at Rs.38,500 per kg on the 4th and 5th of May.
• On the last two days of the month, the rate of silver reduced by Rs.100 to trade steadily at Rs.38,400 per kg.

May 2017 – Week 2 (8th -14th)

• Silver prices in Kerala declined over the week, in contrast to prevailing trends across the country.
• Silver was priced at Rs.38,400 per kg on 8th May, with the price dropping to Rs.38,200 per kg on 9th May as a surge in markets led to reduced demand.
• Industrial demand kept prices from falling too steeply, but local demand plummeted, which led to prices falling to Rs.38,100 per kg on 10th May.
• Prices recovered as the week drew to a close, with silver trading at Rs.38,300 per kg on 14th May amidst a renewal of demand from industry, as Asian countries increased their demand for the metal.

May 2017 - Week 3 (15th - 21st)

• Due to there being a good demand for silver, prices were largely on the increase for the entire week.
• From the start of the week on 15th to the 17th, silver was trading at Rs.38,400 per kg.
• Due to there being a slight increase in offtake, silver rates went up to Rs.39,200 kg on the 18th.
• However, there was a dip in prices on the 19th as silver trading went down to Rs.38,900 per kg before bouncing back up to Rs.39,200 per kg on the 20th.
• For the next two days of the week, silver prices remained the same - at Rs.39,200 per kg.

May 2017 – Week 4 (22nd - 28th)

• Silver opened at Rs.39,200 per kg on the first day of the fourth week of May in the state of Kerala. This rate was noted the next day as well with the Manchester blasts having no significant impact on the rate of this metal.
• Due to marginally higher demand, the price of silver increased to trade at Rs.39,700 per kg.
• As the demand for this metal increased, the rate of silver rose further to trade at Rs.40,000 per kg and this rate was sustained on the 26th of May as well.
• On the last two days of the week, rate of silver increased to trade at Rs.40,300 per kg due to sustained demand from industrialists.

May ’17 – Week 5 (29th to 31st)

• The price of silver in Kerala was contrary to trends seen across the country, with the price falling due to stagnant demand.
• Silver was priced at Rs.40,200 per kg on 29th May with prices falling due to a drop in demand from coin makers due to a strong U.S. Dollar, which reduced demand from local markets as well.
• Prices rose to Rs.40,500 per kg on 30th May as demand from industry rose marginally, with the increase in price being attributed to good projections for silver deliveries for the subsequent month.
• Prices remained unchanged as the month ended, with silver trading at Rs.40,500 per kg on 31st May, losing 0.24% in value over the course of the month.

April 2017 - Week 1 (1st-9th)

• The rate of silver in Kerala during the first week of April fluctuated quite a lot on account of varying demand.
• Silver traded at Rs.42,500 per kg on the 1st of April and the same rate was seen the next day as well on account of sustained demand.
• The price reduced to Rs.42,300 per kg on 3rd of April due to a fall in demand as markets were unstable.
• The price increased to Rs.42,900 on the 4th of April due to fluctuations in demand, for this precious metal. This was also the highest rate at which silver traded for the week.
• Silver prices fell to Rs.42,600 per kg on the 5th of April due to a fall in demand for silver.
• Rate of silver declined further the next day to trade at Rs.42,500 per kg on the last four days of the week.

April 2017 - Week 2 (10th-16th)

• Kerala followed a similar price trend to that of India with regards to silver rates.
• On 10th, silver was trading at Rs.41,600 per kg but took a hit to go down to Rs.41,200 per kg.
• But that fall was only temporary as silver prices gained significantly on 12th to the tune of Rs.1,300 per kg to go up to Rs.42,500 per kg.
• The surge seemed to calm down on 13th, which was evident from the Rs.42,600 per kg pricing.
• On 14th, silver price in Kerala went up again Rs.42,800 per kg as demand increased marginally from coin makers among others.
• Over the last two days, i.e, 15th and 16th, silver rate in Kerala remained at Rs.42,900 as there was no massive change in demand.

April 2017 - Week 3 (17th-23rd)

• The rate of silver in Kerala during the third week of April was relatively stable due to steady demand from industries and coin makers.
• Silver traded at Rs.41,800 per kg on 17th April, which was marginally lower than the rate seen during the previous week.
• Due to unstable demand, the price of silver reduced the next day to trade at Rs.42,500 per kg.
• The price reduced to Rs.40,300 per kg on 19th April due to a fall in demand as markets were unstable. This rate was witnessed the next day as well.
• However, as demand picked up, so did the rate of silver with this metal with silver trading at Rs.41,900 per kg on the last two days of the month.

April 2017 - Week 4 (24th-30th)

• The rate of silver in Kerala during the third week of April was relatively stable due to steady demand from industries and coin makers.
• Silver traded at Rs.41,500 per kg on the 24th of April and was steady at this rate on the 25th of April as well.
• However, due to a fall in the demand for this metal from industrialists, the rate of gold fell to trade at Rs.40,700 per gram on the 26th of April and reduced even further the next day.
• Price of silver was steady at Rs.40,600 per kg on the last four days of the week as a result of low but sustained demand for this metal.

March 2017 - Week 1 (1st - 4th):

• Silver prices ebbed and flowed over the first week of March.
• On 1st, silver was trading at Rs.43,900 per kg and went up by Rs.100 to trade at Rs.44,000 on 2nd.
• Prices, however, decreased significantly by Rs.1,300 per gram for the metal to trade at Rs.42,700 per kg.
• Rates picked up on 4th by Rs.600 to end the week’s price at Rs.43,300 per kg.

March 2017 - Week 2 (5th - 11th):

• Kerala, which saw gold rates remain the same over Week 2, saw prices dip over a 7-day period.
• On 5th, silver was trading at Rs.43,300 per kg but, due to a lack of industrial demand, went down to Rs.42,800 per kg on 6th.
• On 8th, prices went down further to Rs.42,100 per kg and again to Rs.41,500 per kg on 9th.
• When the week came to an end, silver was priced at Rs.41,200 per kg - a decrease of Rs.300 per kg from the previous day.

March 2017 - Week 3 (12th-18th):

• The rate of silver in Kerala during the third week of March was relatively stable due to steady demand from industries and coin makers.
• Silver traded at Rs.41,200 per kg on 13th March, which was a continuation of the rate seen during the previous week.
• Rate of silver was steady the next day as well.
• The price reduced to Rs.40,300 per kg on 15th March due to a fall in demand as markets were unstable.
• The price increased to Rs.41,200 per kg on 16th March due to fluctuations in demand, for this precious metal.
• Silver prices fell to Rs.40,800 per kg on 17th March due to a fall in demand for silver.
• Rate of silver recovered marginally the next day to trade at Rs.40,900 per kg on the last two days of the week recording a fall of Rs.300 in the rate of silver as the week came to an end.

March 2017 - Week 4 (19th-25th):

• In Kerala, silver began trading at Rs.41,100 per kg on 20th but decreased due to a lack of demand to hit Rs.40,800 per kg on 21st.
• On 22nd, silver prices went up to Rs.41,200 per kg but remained the same on the 23rd.
• Prices increased slightly to Rs.41,300 per kg on 24th as demand went up slightly and went up again to Rs.41,700 per kg on 25th.
• When the week ended on 26th, silver was still trading at Rs.41,700 per kg.

March 2017- Week 5 (26th-31st):

• In Kerala, silver rates didn’t change much over the fifth week of March.
• On 27th, silver was trading at Rs.41,700 per kg, which then increased to Rs.42,100 per kg on 28th.
• From 29th till the end of the week, silver was trading at Rs.42,100 per kg as there was no change in industrial demand.

February 2017 - Week 1 (1st-4th):

• Kerala had a rather uneventful week in terms of silver rates as there was no change to report at all.
• Prices began and ended at the same rate when the week began on 1st and ended on 4th.
• The trading price for silver throughout the week was Rs.41,500 per kilogram.

February 2017 - Week 2 (5th-11th)

• The price of silver in Kerala reflected trends across the country, with prices rising throughout the week due to sustained demand.
• Silver was priced at Rs.41,500 per kg on 5th February as demand was steady from the previous week.
• Price rose as coin makers increased demand, with local demand also high due to the wedding season, though prices remained constant till 7th February.
• Silver rose to Rs.42,700 per kg on 8th February as markets fluctuated due to uncertainty regarding the immigration ban in the United States.
• Prices were steady before falling to Rs.42,400 per kg on 10th February as demand fluctuated.
• Silver ended the week at Rs.43,000 per kg, as renewed interest from the regional market boosted prices.

February 2017 - Week 3 (12th-18th)

• Silver prices in Kerala were high as the week began before dipping slightly due to fluctuations in demand, though silver recovered as the week ended.
• Silver traded at Rs.42,400 per kg on 12th February, falling marginally due to a dip in demand compared to the previous week.
• The price rose to Rs.43,200 per kg on 13th February due to a rise in demand as markets were unstable.
• The price fell to Rs.43,000 per kg on 14th February due to fluctuations in demand, with the price remaining constant on the following day.
• Silver prices rose to Rs.43,300 per kg on 16th February as coin makers increased demand, with local demand also rising.
• The price rose to Rs.43,500 per kg as the week ended on 18th February, resulting in silver increasing by Rs.1,100 per kg over the course of the week.

February 2017 - Week 3 (12th-18th)

• The price of silver in Kerala was in contrast to other major cities, as prices stagnated mid-week before rising on high demand.
• Silver traded at Rs.43,500 per kg on 19th February but fell as demand decreased, trading at Rs.43,300 per kg on 20th & 21st February.
• Prices dipped to Rs.43,200 per kg on 22nd February before recovering to trade at Rs.43,400 per kg on 24th February.
• Prices rose to Rs.43,800 per kg on 27th February as domestic and overseas demand rose.
• Silver ended the month trading at Rs.43,900 per kg on 28th February, recording a 5.78% rise in price over the month.

January 2017 - Week 1 (1st to 7th)

• In terms of silver prices, kerala saw some fluctuations during the first week of January.
• The new year began with silver trading at Rs.39,900 per kilogram but went down by Rs.700 to sell at Rs.39,200 per kilogram.
• On 3rd, however, prices increased slightly to trade at Rs.39,300 per kilogram and climbed up again to sell for Rs.39,900 per kilogram on the 4th.
• When business day began on the 5th, silver prices increased again to trade at Rs.40,300 per kilogram.
• The 6th and the 7th didn’t see any changes in silver prices as rates remained the same at Rs.40,300 per kilogram as on the 5th.

January 2017 - Week 2 (8th to 15th)

• Silver prices fluctuated in Kerala due to market conditions.
• Silver was priced at Rs.40,300 per kg on 8th January, with the price falling to Rs.40,200 per kg on 9th January.
• The price rose to Rs.40,500 per kg on 10th January and continued to rise to Rs.41,020 per kg on 11th January.
• Increased demand led to silver trading at Rs.41,200 per kg on 12th January.
• Lowered demand led to prices falling to Rs.40,700 per kg from 13th-15th January, resulting in the weekly price rising by Rs.300 per kg.

January 2017 - Week 3 (15th to 21st):

• In Kerala, silver prices saw quite a lot of fluctuations as well.
• The week began on the 15th with silver trading at Rs.40,700 per kilogram, which later increased to Rs.41,200 on 16th and 17th.
• Prices again increased on 18th to hit Rs.41,500 and continued at the same rate on the 19th.
• The 20th, however, saw prices drop by Rs.100 to hit Rs.41,400 per kilogram.
• When the week ended on the 21st prices had further dropped to Rs.41,100 per kilogram as global demands seemed to stutter.a

January 2017- Weeks 4 & 5 (22nd to 31st)

• Silver prices in Kerala were more or less constant, as demand was constant but lower than expected.
• Silver traded at Rs.41,100 per kg on 22nd January as demand was stable but muted.
• Prices rose to Rs.41,700 per kg on 23rd January on increased demand from coin makers, but prices fell the next day.
• Prices remained constant at Rs.41,400 per kg from 25th-27th January.
• The week ended with silver trading at Rs.41,500 per kg on 31st January.

December 2016 - Week 1 (1st to 4th)

• At the time of opening on December 1st, silver traded at Rs.40,500 per kilogram.
• The nullification of Rs.500 and Rs.1,000 notes brought about a change as silver prices decreased to Rs.40,500 per kilogram on December 2nd.
• On December 3rd and 4th though, silver trading prices held out at Rs.40,500 per kilogram and remained the same till the closing hours.

December 2016 - Week 2 (5th to 11th)

• At the time of opening on December 5th, silver traded at Rs.41,100 per kg, which trickled down to much of the business day on December 6th.
• There wasn’t a lot of fluctuations to be witnessed during this week with regards to silver prices.
• On December 7th and 8th though, silver trading prices went down by Rs.400 to hit Rs.40,700 per kg.
• Silver rates picked back up to hit Rs.41,100 December 9th, the rate it had touched on the 5th.
• On December 10th though, silver prices fell by Rs.100 to hit Rs.41,000, which remained the trading price till the end of December 11th.

December 2016 - Week 3 (12th to 18th)

• Silver prices were holding steady for most of the week but during the midweek rates began to fall.
• On the 12th, silver trading started at Rs.41,000 per kilogram.
• The two days after the 12th, i.e., the 13th and 14th saw no price change.
• On the 15th, prices dipped down as silver traded at Rs.40,500 per kilogram.
• The 16th again saw price fall down by Rs.1,000 per kilogram as silver traded at Rs.39,500.
• Last two days of the week, i.e, the 17th and 18th, prices remained the same at Rs.39,000 per kilogram.

December 2016 - Week 4 (19th to 25th)

• Silver rates in Kerala saw very little fluctuations over the fourth week of December.
• The week began on the 19th with the metal trading at Rs.39,500 per kilogram and decreased to hit Rs.39,200 per kilogram.
• On the 21st, silver prices bounced back to trade at Rs.39,500 per kilogram.
• The 22nd saw prices decrease to Rs.39,000 per kilogram and the days went on till the end of the week without any changes.

December 2016 - Week 5 (26th to 31st)

• The price of silver in Kerala was saw some fluctuations as demand increased after the lull due to demonetisation.
• Silver was priced at Rs.38,500 per kilogram on 26th December, with the price reaching Rs.39,000 per kilogram on 27th December as demand rose.
• Market fluctuations led to the price rising to Rs.39,400 per kilogram on 28th December.
• Demand evened out as the week ended, with silver making marginal gains.
• Silver traded at Rs.39,900 per kilogram on 31st December.

November '16 - Week 1 (1st to 6th)

• Silver traded at a steady pace in Kerala this week.
• The price of silver was Rs.42,600 per kilogram on 1st and 2nd November.
• With high demand from coin makers and other consuming units, silver prices climbed to Rs.43,500 per kilogram on 3rd November.
• In the global market, a weak dollar, uncertainty of the U.S. elections and the Fed rate hike being postponed to December worked in favor of silver.
• Silver rates remained constant for the rest of the week.

November '16 - Week 2 (7th to 13th)

• Silver traded at Rs.43,500 per kilogram on 7th November.
• Apart from firm global trends following Donald Trump’s election, silver was able to recover on the back of increased industrial offtake.
• Silver traded at Rs.45,000 per kilogram towards the end of the week.
• The trend for this week was a considerable increase in silver prices.

November '16 - Week 3 (14th to 20th)

• Silver was seen trading at Rs.44,000 per kilogram on 14th November.
• Prices of the metal dropped drastically this week as the economy experienced a shortage of cash following PM Modi’s strike on black money.
• Consumer sentiments were dull this week.
• Silver traded at Rs.40,600 per kilogram at the end of the week.
• The trend for this week was a considerable decline in prices.

November '16 - Week 4 and 5 (21st to 30th)

• Silver traded at Rs.41,100 per kilogram on 21st November.
• Prices dropped through the fourth week of November as the nation faced a cash crunch on account of demonetisation of Rs.500 and Rs.1,000 notes.
• In the fifth week of this month, silver recovered as demand picked up.
• Silver traded at Rs.41,100 per kilogram on 30th November.
• The trend for this month was a decline of 4.32% in silver rates.

October '16 - Week 1 (25th to 30th)

• Silver traded at Rs.45,550 per kilogram from 1st to 3rd October but prices started to drop as demand was muted.
• Talk of an interest rate hike by the U.S. Federal Reserve dampened the global market.
• Silver traded at Rs.42,500 per kilogram on 7th October.
• Jewellers and retailers are banking on the festive season to see a spike in demand.

October '16 - Week 2 (8th to 14th)

• Silver prices climbed this week on account of rising demand in the domestic market.
• Silver traded at Rs.41,700 per kilogram on 8th and 9th October.
• With positive trends in the global market, silver was able to rise to Rs.42,100 per kilogram on 12th October.
• Prices remained constant till the end of the week as demand was stable.

October '16 - Week 4 (22nd to 28th) & Week 5 (29th to 31st)

• The constant trend of silver rates continued this week as demand for the metal remained stable.
• Silver traded at Rs.42,100 per kilogram from 22nd October till 26th October.
• On 27th October, silver prices jumped to Rs.42,300 per kilogram.
• With industrial units and coin makers increasing their offtake, silver prices continued to rise.
• In the global market, the dollar weakened and the Fed rate hike was speculated to happen gradually.
• Silver prices climbed to Rs.42,600 per kilogram on 29th October and remained unchanged for the rest of the week.

October '16 - Week 3 (15th to 21st)

• Silver continued to trade at a constant rate this week.
• The rate for silver remained at Rs.42,100 per gram till 17th October.
• Demand in the domestic market increased on account of the wedding season.
• There was a slight increase in industrial offtake.
• Silver prices climbed to Rs.42,300 per kilogram on 20th and 21st October.

September '16 - Week 1 and 2 (1st to 10th)

• Silver traded at Rs.44,300 per kilogram on 1st September.
• Prices were seen climbing over Rs.46,000 per kilogram by 7th September.
• Global market trends were positive this week lending support to the demand for silver.

September '16 - Week 3 (11th to 17th)

• Silver rates dropped this week but steady demand in the domestic market lended some stability.
• Silver traded at Rs.45,600 per kilogram from 11th to 15th September.
• On 16th September, silver prices dropped to Rs.45,100 per kilogram on account of negative global trends that led to a dip in demand on the global and domestic front.

September '16 - Week 4 (18th to 24th)

• Silver rates advanced this week as demand for the metal rose.
• Positive global trends also gave silver prices a boost.
• Silver traded at Rs.45,100 per kilogram on 18th and 19th September.
• By the end of the week, silver had rallied Rs.500, trading at Rs.45,600 per kilogram.
• Increased industrial purchases led to a rise in silver prices this week.

September '16 - Week 5 (25th to 30th)

• Silver traded at Rs.46,200 per kilogram on 25th September.
• Prices remained stable through the week despite a dampened global market.
• Domestic demand was relatively stable this week, but dropped towards the end as there was a fall in industrial buying.
• Silver prices slid to Rs.45,500 per kilogram by the end of the week.
• The trend for the month of September was an increase of 2.70%.

August '16 - Week 1 (1st to 7th)

• The price of silver reduced marginally during the start of the week before remaining constant as the week ended.
• Silver traded at Rs.48,100 per kg on the 1st and at Rs.47,200 per kg on the 7th of August.
• Reduced demand from industry coupled with a rise in the Dollar rate led to prices stagnating as the week ended.

August '16 - Week 2

• Rates for silver in Kerala remained quite stable through the second week of August.
• Silver traded at Rs.46,500 per kilogram on 8th August.
• Owing to domestic demand, prices rose to Rs.47,100 per kilogram and stayed constant for the next three days.
• Global trends led to a fall in silver prices, closing the week at Rs.46,700 per kilogram.

August '16 - Week 3 (15th-21st)

• The price of silver in Kerala was Rs.46,700 per kilogram for the first half of the week.
• Silver shed a little off its price as there was speculative selling amid reduced offtake by industrialists.
• Prices of silver dropped to Rs.46,500 and traded at Rs.46,000 per kilogram at the end of the week.

August '16 - Week 4 (22nd-28th)

• Silver traded quite steadily in Kerala this week.
• The rate for silver was Rs.45,000 per kilogram on 22nd August.
• There was a slight increase in prices as the demand from the domestic jewellers increased on account of the festive season.
• Silver traded at Rs.44,200 per kilogram by the end of te week.

August '16 - Week 5 (29th-31st)

• Silver traded at Rs.44,200 per kilogram on 29th August.
• Silver gained Rs.400 amid negative global cues as demand in the domestic market remained stable.
• Gold traded at Rs.44,600 per kilogram on 31st August but began to drop as the month of September approached.

July'16 - Week 1 and 2 (1st to 10th)

• Silver rates were on an inclined path entering the month of July.
• Silver prices were strong owing to international events including the Brexit vote.
• With the dollar strengthening, prices started to drop on July 7th.
• Silver traded at Rs.43,500 on July 1st, touching its highest on July 6th at Rs.48,500.

July'16 - Week 3 (11th to 17th)

• The price of silver in Kerala increased marginally as the week progressed as strong demand domestically offset falling prices globally.
• Prices were recorded at Rs.46,400 per kg on the first day of the week and Rs.47,500 per kg on the last day of the week.
• The global trend of declining prices was reflected in the price in Kerala at the start of the week but prices soon rose as demand was unusually strong in the latter part of the week.
• The difference in price between the first and last days of the week was Rs.1,100 per kg.

July '16 - Week 4 (18th to 24th)

• Silver rates in Kerala remained relatively stable although there was a declining trend through the week.
• Silver traded at Rs.47,100 on 18th July after which is dropped over the next few days and settled at Rs.46,000 by 21st July.
• The trends between gold and silver were similar in the state of Kerala this week where demand for both metals seemed to be only slightly affected by global trends.

July‘16 - Week 5 (25th to 31st)

• The rate of silver was Rs.46,000 on the 25th of July.
• An increase by Rs.500 on the 26th saw prices climb to Rs.46,500 and they remained stable for another day.
• An increase by Rs.1,300 on the 28th saw prices rise to Rs.47,800, after which a decline of Rs.300 saw rates drop to Rs.47,500 and end the month at the same rate.

Jun'16 - Week 1 (1st to 5th)

• Silver traded at Rs. 38,800 on June 1st.
• Prices rose comfortably due to sustained demand and industrial offtake.
• On June 5th, silver traded at Rs. 39,100.

Jun'16 - Week 2 (6th to 12th)

• Silver traded at Rs. 39,650 per kg on the 6th day of June.
• The price increased as gold traded at Rs. 40,205 per kg on the 8th of June.
• Gold prices further shot up on the 12th of June as gold traded at Rs. 41,510 per kg.

Jun'16 - Week 3 (13th to 19th)

• Silver opened the week at Rs. 44,725 per kg.
• Prices shot up to a whooping Rs. 46,305 per kg on the 16th of June.
• Silver traded at Rs. 45,142 per kg on the 19th of June.

Jun'16 - Week 4 (20th to 26th)

• On the 20th, the rate of gold was Rs. 41,600 per kg.
• There was a steady increase noted in the price of silver due to steady demand.
• The rate of silver was Rs. 42,000 per kg at the end of the week.

Jun'16 - Week 5 (27th to 30th)

• Silver rates remained stable between the 27th and 29th of May before recording a significant increase to close the month.
• Prices were recorded at Rs.42,400 on the 27th of June and rose to Rs.43,500 by the 30th of June.
• Rising demand and strong domestic as well as international cues caused an increase of Rs.1,100 in prices between the last four days of the month.

May'16 - Week 1 (1st to 7th)

• Silver rates reduced during the week despite showing signs of recovery towards the end of the week.
• Prices were recorded at Rs.41,900 on the 1st of May and fell to Rs.41,400 by the 7th of May.
• Low demand owing to domestic cues saw prices fall by Rs.500 from the start of the week to the end of the week.

May ‘16 - Week 2 (8th to 14th)

• Silver rates reduced during the week despite showing signs of recovery towards the end of the week.
• Prices were recorded at Rs.41,400 on the 8th of May and fell to Rs.40,700 by the 14th of May.
• Low demand owing to domestic cues saw prices fall by Rs.700 from the start of the week to the end of the week.

May ‘16 - Week 3 (15th to 21st)

• Silver rates reduced consistently in the final week of May.
• Prices were recorded at Rs.41,200 on the 15th of May and fell to Rs.39,700 by the 21st of May.
• Low demand owing to frail domestic trends saw prices fall by Rs.500 from the start of the week to the end of the week.

May ‘16 - Week 4 (22nd to 28th)

• Silver rates declined at a slow and steady pace but picked up at the end of the week.
• Prices were recorded at Rs. 39,700 on the 22nd of May and Rs. 39,600 on the 28th May.
• Till mid-week, the prices fell, but the increase in rates at the end of the week left the silver rates almost back where it started.

May ‘16 - Week 5 (29th to 31st)

• The rate of silver continued to decline as the month progressed, only recovering at the end of the month.
• Frail domestic cues and low demands were seen as contributing factors to the price decline.
• Silver closed at Rs. 38,500 per kg on the 31st of May.

Apr'16 - Weeks 1 & 2 (1st to 10th)

• Silver prices in Kerala appreciated in the first two weeks of April.
• Prices were Rs.35,900 on 1st and Rs.36,300 on 10th.
• Silver gained as dollar dropped, while speculative offtake and healthy industrial demand spurred rates in the state.

Apr ‘16 - Week 3 (11th to 17th)

• Silver prices were up in the third week.
• Prices were Rs.36,900 on 11th and Rs.38,400 on 17th.
• Silver gained Rs.1,500 in this week’s trading.

Apr ‘16 - Week 4 (18th to 24th)

• Silver prices appreciated in the fourth week also.
• Prices were Rs.38,500 on 18th and Rs.40,300 on 24th.
• Silver gained Rs.1,800 over the course of the week.

Apr ‘16 - Week 5 (25th to 30th)

• The week started with silver rates falling by Rs 100 compared to the previous week.
• Silver rates increased through the week, peaking at Rs 42,000 on 29th.
• A slight drop was witnessed on 30th, resulting in silver rates ending the week at Rs 41,900.