| Silver Price in Major Cities in Kerala | Price per 10 grams |
| Silver Rate in Trivandrum | Rs.600 |
| Silver Rate in Kochi | Rs.600 |
| Silver Rate in Thrissur | Rs.600 |
| Silver Rate in Kozhikode | Rs.600 |
| Silver Rate in Malappuram | Rs.611 |
| Silver Rate in Kannur | Rs.611 |
| Silver Rate in Kollam | Rs.600 |
*Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.
Today's Silver Rate in Kerala
There are several major jewellery stores across Kerala which offer a wide variety of jewellery designs. Silver gift articles and artefacts are also commonplace. Silver bars of various denominations such as 50g and 100g are also bought. The bars are sold at competitive prices may come with assay certification. Silver is utilized for various ritualistic purposes as well.
Check - Silver trend in india
Historical Trend of Silver Price in Kerala
| Months | Lowest Silver Price Per Kg | Highest Silver Price Per Kg |
|---|---|---|
| January 2023 | 67,300 | 65,200 |
| December 2022 | 68,300 | 64,200 |
| November 2022 | 65,300 | 68,500 |
| October 2022 | 65,200 | 68,500 |
| September 2022 | 65,300 | 68,400 |
| August 2022 | 65,300 | 68,500 |
| July 2022 | 65,200 | 68,400 |
| June 2022 | 65,200 | 68,500 |
| May 2022 | 63,400 | 69,500 |
| April 2022 | 68,800 | 75,200 |
| March 2022 | 70,000 | 77,600 |
| February 2022 | 64,900 | 70,600 |
| January 2022 | 64,300 | 69,300 |
| December 2021 | 64,600 | 66,300 |
| November 2021 | 66,500 | 71,700 |
| October 2021 | 63,700 | 70,300 |
| September 2021 | 63,000 | 69,600 |
| August 2021 | 66,600 | 73,100 |
| July 2021 | 71,400 | 75,000 |
Trend of Silver Rate in Kerala for February 2023 (rates per kg)
| Parameters | Silver price (per kg) |
|---|---|
| February 1 Rate | Rs.74,800 per kg |
| February 6 Rate | Rs.74,000 per kg |
| Highest Rate in February | Rs.77,300 per kg on 2 February |
| Lowest Rate in February | Rs.74,000 per kg on 6 February |
| Overall Performance | Decline |
Trend of Silver Rate in Kerala for January 2023 (rates per kg)
| Parameters | Silver price (per kg) |
|---|---|
| January 1 Rate | Rs.74,300 per kg |
| January 31 Rate | Rs.74,500 per kg |
| Highest Rate in January | Rs.75,800 per kg on 16 January and 17 January |
| Lowest Rate in January | Rs.73,500 per kg on 6 January |
| Overall Performance | Decline |
Trend of Silver Rate in Kerala for December 2022 (rates per kg)
| Parameters | Silver price (per kg) |
|---|---|
| December 1 Rate | Rs.69,800 per kg |
| December 31 Rate | Rs.74,300 per kg |
| Highest Rate in December | Rs.74,700 per kg on 22 December |
| Lowest Rate in December | Rs.69,800 per kg on 1 December |
| Overall Performance | Incline |
Trend of Silver Rate in Kerala for November 2022 (rates per kg)
| Parameters | Silver price (per kg) |
|---|---|
| November 1 Rate | Rs.63,700 per kg |
| November 30 Rate | Rs.68,000 per kg |
| Highest Rate in November | Rs.68,500 per kg on 15 November |
| Lowest Rate in November | Rs.63,700 per kg on 1 November |
| Overall Performance | Decline |
Trend of Silver Rate in Kerala for October 2022 (rates per kg)
| Parameters | Silver price (per kg) |
|---|---|
| October 1 Rate | Rs.62,000 per kg |
| October 31 Rate | Rs.63,000 per kg |
| Highest Rate in October | Rs.67,000 per kg on 5 October |
| Lowest Rate in October | Rs.60,500 per kg on 15 and 16 October |
| Overall Performance | Decline |
Trend of Silver Rate in Kerala for September 2022 (rates per kg)
| Parameters | Silver price (per kg) |
|---|---|
| September 1 Rate | Rs.58,000 per kg |
| September 30 Rate | Rs.61,500 per kg |
| Highest Rate in September | Rs.63,200 per kg on 23 September 2022 |
| Lowest Rate in September | Rs.58,000 per kg on 1 September |
| Overall Performance | Decline |
Silver as an investment in Kerala
Silver is bought in the form of coins and bars. Customers can also invest in Milestone Bullion Series 1, which needs a minimum investment of Rs.5 lakhs. Given that silver ETFs are not available in India, many customers have alternative form of investment such as buying and selling securities which are traded in the US.
Physical silver: Many consumers in Kerala physically own silver in the form of trendy jewellery. However, customers may lose some money if they wish to sell their jewellery owing to any impurities, exchange rates and making charges. Most consumers find investing in jewellery more convenient in addition its aesthetic appeal. Fashionable silverware is also widely sold at all leading stores across major cities in Kerala.
Silver contracts: Customers trade in trade in top commodity exchanges such as NCDEX and MCX for silver futures. Many customers see commodity futures as an easier form of investment with transparent pricing and minimal transaction charges. However, the physical delivery of the white precious metal entails various issues vis-a-vis its purity and storage.
FAQs on Silver Rate in Kerala
- Where can I buy the best quality silver in Kerala?
- What factors affect the silver rate in Kerala?
- Does the silver price in Kerala change daily?
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Will GST have to be paid if I buy silver?
Yes, GST will have to be paid if you buy silver.
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Is it possible to buy silver coins in Kerala?
Yes, silver coins can be bought in Kerala.
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Is there a best time when silver can be purchased in Kerala?
Most investors usually purchase silver when the economy and financial markets are down. Silver rates fall during this period.
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Can silver bars be purchased at jewellery shops in Kerala?
Yes, silver bars can be purchased at jewellery shops.
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Can silver bars be purchased at private sector banks in Kerala?
Yes, silver bars can be purchased at private sector banks.
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Can silver bars be purchased at public sector banks in Kerala?
Yes, silver bars can be purchased at public sector banks.
You can buy the best quality silver from the leading silver retailers and jewellers in Kerala.
Some factors which affect the silver rate in Kerala are the trend of the bullion market overseas, the trend of the equities market. The value of the dollar and the rupee in the market also plays a role in the changing silver prices.
The silver rate in Kerala may change frequently due to many factors including the trend of the bullion and equities market. The price of crude oil also plays an important role in the change in silver rate along with the value of the rupee and the dollar in the international market.
