Silver Rate in Kerala

*Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

Silver Rate in 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.

Trend of Silver Rate in Kerala for February 2019 (rates per kg)

February 2019 - Week 1 (1-10):

• Fluctuations in local and overseas offtake saw silver rates in Kerala fall marginally, though the metal opened at a stable Rs.43,700 per kg on 1 February.
• Prices rose to Rs.44,100 per kg on 5 February as coin makers increased demand due to the wedding season and higher retail demand for the metal.
• Silver prices dipped as overseas interest dropped due to the recovery of the dollar, with the metal dropping to Rs.43,100 per kg on 8 February.
• Prices recovered marginally to close the week at Rs.43,300 per kg on 10 February.

Trend of Silver Rate in Kerala for January 2019 (rates per kg)

January 2019 - Week 1 (1 - 6):

• Demand for silver rose steadily during the week, boosted by a weak dollar and increased demand from coin makers.
• Silver opened the year priced at Rs.41,500 per kg and rose to Rs.41,800 per kg on 3 January, spurred on by steady local industrial demand.
• Prices climbed to Rs.42,200 per kg on 4 January as markets continued to reel from the ongoing U.S. government shutdown.
• There was no change in price as the week ended, with silver prices in Kerala continuing to trade at Rs.42,200 per kg.

January 2019 - Week 2 (7 - 13):

• The second week saw silver prices in Kerala rise marginally as local industrial demand as well as rising Asian orders boosted the metal’s value.
• Silver opened the week at Rs.42,200 per kg on 7 January and climbed to Rs.42,400 per kg on 9 January on steady orders from coin makers.
• Prices reached a weekly high of Rs.42,800 per kg on 10 January as the low dollar and volatile markets increased investor interest in bullion.
• There was a slight dip in price as the week ended, with silver trading at Rs.42,700 per kg on 13 January.

January 2019 - Week 3 (14 - 20): 

• In sharp contrast to prevalent trends, silver rate in Kerala declined during the week as local industrial demand could not maintain prices in spite of positive global cues.
• Silver was priced at Rs.42,300 per kg when trading opened on 14 January and quickly rose to Rs.42,700 per kg on 15 January as a weak dollar boosted sales.
• Silver price in Kerala shot up to Rs.42,900 per kg on 17 January as the prolonged government shutdown in the U.S. fuelled fears of adverse long-term effects on the global economy.
• A reduction in industrial orders from China due to the fallout from the Sino-U.S. trade dispute impacted local demand, which slipped to Rs.42,100 per kg when the week ended on 20 January.

January 2019 - Week 4 (21-27):

• Increasing interest from local coin makers and industrial units kept silver price in Kerala steady after the metal opened the week at a static Rs.42,200 per kg on 21 January.
• Fluctuating overseas demand due to reduced orders from China dented prices towards the middle of the week as the white metal traded at Rs.42,100 per kg on 25 January.
• Silver rates rose sharply as the political crisis in South America rattled markets, with the metal trading at Rs.43,200 per kg when trading closed on 27 January.

January 2019 - Week 5 (28-31): 

• The final week of January saw silver rates in Kerala rise on increased industrial offtake and burgeoning interest from retailers and coin makers.
• Silver traded at Rs.43,300 per kg on 28 January as demand rose on increased offtake by investors due to growing economic uncertainty.
• Despite a reduction in demand from Chinese industrial units due to the lingering impact of the U.S. trade sanctions, silver prices rose on steady local demand.
• Prices closed at Rs.43,900 per kg on 31 January to record a 5.78% rise in value on steady regional offtake.

Trend of silver Rate in Kerala for December 2018 (rates per kg)

December 2018 - Week 1 (1 - 9):

• Silver prices in Kerala rose on increased local offtake, with both industrial demand and coin makers increasing order volumes.
• The industrial metal opened the month at Rs.38,500 per kg, rising to Rs.39,600 per kg on 4 December on growing interest from investors looking to hedge losses due to volatile markets.
• Prices continued to rise for the rest of the week as fears of an economic slowdown and a falling dollar prompted increased orders of safe-haven assets, as silver closed the week at Rs.40,300 per kg on 9 December.

December 2018 - Week 2 (10 - 16):

• Demand for silver rose as coin makers and industrial units increased demand as a falling rupee and positive overseas cues also bolstered demand.
• Silver traded at Rs.40,300 when trading opened on 10 December before rising sharply to trade at Rs.40,700 per kg on 11 December.
• Fluctuating markets and overseas cues affected silver rates in Kerala, as the metal’s price fell to Rs.40,500 when the week ended on 16 December.

December 2018 - Week 3 (17 - 23):

• When the third week of December began in Kerala, silver was priced at Rs.40,400 per kg.
• Due to an improvement in demand, rates went up to Rs.40,500 per kg the next day before falling considerably to Rs.39,800 per kg.
• On the 21st, rates went up to Rs.39,900 per kg but dropped again the next day to reach Rs.39,800 per kg.
• When the week drew to a close, silver prices in Kerala were seen holding at Rs.39,800 per kg.

December 2018 - Week 4 (24 - 31):

• Trading opened for the week with silver rate in Kerala priced at Rs.40,000 per kg on the 24th with strong domestic demand from local jewellers and retailers amid the positive trends overseas.
• Rates surged to Rs.41,400 per kg on the 28th with investors and market participants banking on safe-haven assets amid the tumbling US economy and continued US-Sino trade dispute.
• The month came to an end with silver priced at Rs.41,500 per kg on the 31s with strong safe-haven for the metal amid the strong market trends overseas. Kerala recorded a 7.79% increase in silver prices during the course of the month.

Trend of Silver Rate in Kerala for November 2018 (rates per kg)

November 2018 - Week 1 (1 - 4):

• The first week of trading began silver in Kerala priced at Rs.40,900 per kg on the 1st following a decline in industrial demand for the metal amid the strong US greenback and well-performing equity markets.
• With investors and markets participants refraining from making purchases ahead of the US payrolls data, the US dollar weakened.
• Strong industrial demand coupled with positive market trends overseas led to silver rate in Kerala holding at Rs.41,500 per kg for the remainder of the week.

November 2018 - Week 2 (5 - 11):

• Trading opened for the week with silver priced at Rs.41,400 per kg on the 5th with steady demand from local industries and coin manufacturers amid positive global trends.
• However, strong dollar performances coupled with good returns on equities led to silver losing its demand and the industrial metal was priced at Rs.40,500 per kg on the 9th.
• Trading concluded for the week with the silver rate in Kerala holding at Rs.40,500 per kg on the 11th with steady local demand despite the weak trend overseas.

November 2018 - Week 3 (12 - 18):

• Silver rate in Kerala rose as increased offtake from coin makers and a surge in retail demand offset losses from a falling rupee.
• The industrial metal traded at Rs.40,000 per kg on 12 November before falling marginally to Rs.39,700 per kg on 15 November.
• In spite of the risingU.S. dollar capping gains, silver prices rose to Rs.40,000 per kg on 16 November due to increased overseas demand.
• Silver price in Kerala rose to Rs.40,100 per kg when the week ended on 18 November, as silver prices rose by Rs.100 during the week.

November 2018 - Week 4 (19 - 25)

• Silver rates in Kerala echoed trends seen across the country, with prices falling on conflicting cues and poor local demand.
• The metal opened at Rs.40,100 per kg on 19 November but volatile demand and sluggish overseas offtake saw prices dip.
• Fluctuations in demand saw the metal’s price fall to Rs.39,800 per kg on 20 November and rise to Rs.40,000 per kg on 22 November.
• Prices dipped towards the end of the week, as silver traded at Rs.39,400 per kg on 25 November to record a loss of Rs.700 due to poor offtake.

November 2018 - Week 5 (26 - 30):

• Falling local demand and steep import costs due to a falling rupee impacted silver rates in Kerala.
• The metal opened trading at Rs.39,300 per kg on 26 November, but poor offtake from coin makers saw prices fall to Rs.39,000 per kg on 28 November.
• Brexit fallout fears saw markets shed points and a rise in interest in silver, as the metal traded at Rs.39,100 per kg on 29 November.
• Prices fell sharply as the dollar recovered, resulting in silver trading at Rs.38,800 per kg on 30 November.

Trend of Silver Rate in Kerala for October 2018 (rates per kg)

October 2018 - Week 1 (1 - 7):

• In line with trends seen across the country, silver rates in Kerala rose over the course of the week in spite of fluctuations in demand.
• Silver opened the week at Rs.41,100 per kg, with the falling rupee resulting in higher industrial offtake.
• Overseas demand was also high, with industry ramping up orders before a possible rate hike during the Fed Reserve meeting later in the week.
• Prices reached a high of Rs.42,000 per kg on 3 October as local coin makers and jewellers increased orders ahead of the festive season.
• A minor dip led to silver trading at Rs.41,600 per kg on 4 October before the metal’s value rose to Rs.41,900 per kg on 7 October.

October 2018 - Week 2 (8 - 14):

• Fluctuations for the demand for the metal cause the silver price in Kerala to drop to Rs.41,500 per kg at the start of week 2.
• A minor dip in the value of the metal due to the rise in dollar and global stocks caused the metal to trade at Rs.41,200 per kg on 10 October.
• Silver was recorded at Rs.41,500 per kg on 8 October. This was the same price that the metal traded at the start of week 2.

October 2018 - Week 3 (15 - 21):

• Silver prices in Kerala reflected trends seen across most Indian cities, with demand for the metal falling due to a drop in industrial orders and flagging retail sales.
• The metal opened the week at Rs.41,900 per kg on 15 October but prices dropped  to Rs.41,400 per kg on 17 October on declining retail demand.
• A drop in the dollar rate led to a spurt in demand for silver, as the metal traded at Rs.41,700 per kg on 18 October.
• The rise in price was brief, as silver prices once again dropped to Rs.41,500 per kg on 20 October due to a drop in orders from industry and coin makers.
• Prices remained the same as the week ended, with silver trading at Rs.41,500 per kg to record a loss of Rs.400 in value during the week.

October 2018 - Week 4 (22 - 28):

• In line with trends seen across other Indian cities, silver prices in Kerala rose on increased retail purchases ahead of the festive season.
• Silver opened the week at Rs.41,500 per kg on 22 October as prices were unchanged from the previous week due to static demand.
• The falling rupee and unsteady equity markets impacted silver demand, as industrial demand rose marginally and pushed silver prices to Rs.41,900 per kg on 24 October.
• Fluctuating US dollar rates led to silver prices dropping to Rs.41,500 per kg on 26 October as overseas investors were cautious of bullion investments.
• Prices rose as the week ended, with silver trading at Rs.41,700 per kg on 28 October on stable local demand.

October 2018 - Week 5 (29-31):

• The start of the week saw silver prices in Kerala trade at Rs.41,600 per kg on 29 October, with prices falling marginally on decreasing industrial demand.
• The falling rupee and poor overseas trends saw silver rates continue to drop, in spite of festive sales shoring up the metal.
• Silver fell to Rs.41,200 per kg on 30 October as the rising dollar put off many retail consumers, while falling industrial demand added pressure.
• The end of the month saw silver continue to trade at Rs.41,200 per kg due to stagnant local and overseas demand.

Trend of Silver Rate in Kerala for September 2018 (rates per kg)

September 2018 - Week 1 (1 - 8):

• The first week of September saw silver rates in Kerala decline due to conflicting cues and poor offtake.
• Silver opened the week at Rs.40,000 per kg and prices remained steady for a few days due to static demand.
• The fall in the dollar rate led to a brief rise in silver prices, which traded at Rs.40,100 per kg on 3 September.
• Fears of a global trade war led to investors looking at bullion to safeguard against possible losses, though prices remained low.
• The metal traded at Rs.39,800 per kg on 6 September as local coin makers boosted the struggling market.
• With industrial offtake unable to maintain prices, silver fell to Rs.39,700 per kg on 8 September to record a loss in value over the course of the week.

September 2018 - Week 2 (9 - 14):

• Silver’s fortunes in Kerala were reversed this week, as the metal made some gains after a prolonged period of falling prices.
• The week began with silver priced at Rs.39,700 per kg on 9 September, as demand for bullion was static due to a stable dollar.
• The release of less-than-favourable U.S. consumer data led to markets and the dollar falling, as interest in silver rose.
• The industrial metal traded at Rs.39,800 per kg on 10 September as local demand also rose, boosted by positive overseas cues.
• Silver prices climbed to Rs.39,900 per kg on 11 September as investors looked to bullion as a safe investment due to stock market turbulence.
• Prices dropped as demand fluctuations affected demand, with silver priced at Rs.39,800 per kg on 14 September.

September 2018 - Week 3 (15 - 22):

• Demand for silver in Kerala was in line with trends seen across other cities as well, with the white metal priced at Rs.39,500 per kg when trading opened on 15 September.
• The ongoing trade tariff dispute between the U.S. and China affected stock markets and the dollar, as investors turned to bullion to hedge losses on the stock market.
• Prices rose to Rs.40,000 per kg on 19 September as coin makers also increased demand due to the falling rupee.
• Silver rose towards the end of the week and closed at Rs.40,300 per kg.

September 2018 - Week 4 (23 - 30):

• In keeping with trends seen across other cities, silver prices in Kerala were on the increase in the last week of September.
• The industrial metal opened the week at Rs.40,300 per kg on 23 September before falling marginally to Rs.40,000 per kg on 24 September due to demand vagaries.
• The metal quickly made a recovery to trade at Rs.40,800 per kg on 26 September after fears of the growing impact of the Sino-U.S. trade dispute rattled markets.
• Local demand was also stable, as coin makers increased orders due to favourable market conditions.
• Prices rose to Rs.41,200 per kg on 29 September and closed the month at the same price after both industrial demand and retail sales rose.

Trend of Silver Rate in Kerala for August 2018 (rates per kg)

August 2018 - Week 1 (1 - 5):

• As August began, silver rates in Kerala were in line with prevalent trends owing to increased demand for the dollar.
• In spite of stable demand from the local industrial sector, there was a drop in the silver rate as the rupee continued to fall against the dollar, which resulted in lower import orders.
• Silver traded at Rs.41,400 per kg on 1 August, with no significant change in the price as demand from coin makers was on the decline.
• Industrial demand was also on the wane locally, though international orders were on track following a brief fall in the dollar rate due to unfavourable jobs data from the U.S.
• Following the release of the Fed Reserve’s report on the U.S. economy, equity markets were buoyed and local demand saw a steep fall in orders.
• Prices remained low as the week drew to a close, with silver ending the week at Rs.41,300 per kg in Kerala.

August 2018 - Week 2 (6 - 12):

• Silver prices were on the decline as industrial offtake was on the decline, with the industria metal opening trade at Rs.41,200 per kg as declining orders affected prices.
• The positive report on the U.S. economy also bolstered the dollar, as local industrial orders fell sharply due to the increased cost associated with a plunging rupee.
• There was minimal change in price over the course of the week as demand from coin makers fell as well.
• The week ended with silver priced at Rs.41,200 per kg on 12 August, which was recorded to be a constant trend for the week.

August 2018 - Week 3 (13 - 19):

• Silver prices were on the decline as industrial offtake was on the decline, with the industria metal opening trade for Week 3 at Rs.41,200 per kg as declining orders affected prices.
• The positive report on the U.S. economy also bolstered the dollar, as local industrial orders fell sharply due to the increased cost associated with a plunging rupee.
• There was minimal change in price over the course of the week as demand from coin makers fell as well.
• The week ended with silver priced at Rs.40,000 per kg on 19 August, which was recorded to be a declining trend for the week.

August 2018 - Week 4 (20 - 26):

• The fourth week began with silver rate in Kerala recorded at Rs.40,000 per kg on the 20th with steady local demand amid positive global trends.
• A drop in the dollar value led to silver price in Kerala surging to Rs.40,100 per kg on the 22nd.
• However, with the US dollar recovering lost ground over the next couple of days, demand for the meta plunged and silver in Kerala was recorded holding at Rs.39,800 per kg on the 24th.
• The week came to an end with silver trading relatively higher at Rs.40,200 per kg on the 26th following an increase in investor demand brought about by positive global trends.

August 2018 Week 5 (27 - 31):

• Silver rates in Kerala followed trends seen across other Indian cities, with the metal trading at Rs.40,200 per kg.
• There was little fluctuation in the price of silver as stagnant demand and a declining dollar negated possible gains.
• The slide in the dollar rate led to silver prices rising marginally to Rs.40,400 per kg on 28 August, though there was little change in order volumes.
• The inclement weather and related natural calamities reduced industrial offtake, resulting in silver prices falling back to Rs.40,300 per kg on 29 August.
• Prices remained unchanged for the rest of the week, as silver ended the month priced at Rs.40,300 per kg.

Trend of Silver Rate in Kerala for July 2018 (rates per kg)

July 2018 - Week 1 (1 - 7):

• While gold demand picked up before a slight fall this week, silver rates recorded a slight decline owing to a weak demand.
• On the 1st of July, gold was priced at Rs.42,800 per kg in Kerala. This dropped to Rs.42,700 per kg the next day as demand was weak.
• The 3rd saw gold rates drop further to Rs.42,400 per kg after demand from local jewellers and industries dropped.
• As safe haven demand rose on the 4th, ahead of a weak and shaky US markets, silver rates also surged - to trade at Rs.42,800 per kg.
• Over the 5th and 6th, the white metal traded at Rs.42,800 per kg as demand was holding steady ahead of growing cues.
• On the final day of the week, silver rate in Kerala dropped slightly to Rs.42,700 per kg.

July 2018 - Week 2 (8 - 14):

• When trading began for the second week, silver rates in Kerala were recorded holding at Rs.42,600 per kg on the 8th with steady local demand amid positive market trends overseas.
• The next couple of days saw silver trading at Rs.42,900 per kg, thanks to an increase in industrial orders from the Asian continent amid the weakened US dollar index and poorly performing equity markets.
• However, with market participants cutting down purchases amid the recovering US dollar, prices dropped over the next few days.
• Silver was recorded trading at Rs.42,600 per kg on the 11th before dropping to Rs.42,200 per kg on the 12th.
• Rates recovered to Rs.42,400 per kg on the 13th with industries and coin makers ramping up purchases in order to stock up their inventories.
• Trading concluded for the week with the white metal priced at Rs.42,200 per kg on the 14th with subdued domestic demand coupled with poor market trends overseas.

July 2018 - Week 3 (15 - 22):

• When silver trading began for the week in Kerala, the metal was priced at Rs.42,200 per kg.
• Demand was steady for the initial few days before dropping as days progressed owing to a strong dollar.
• On the 16th, the metal traded at Rs.42,300 per kg before falling to Rs.42,200 per kg on the 17th and then to Rs.41,700 per kg on the 18th.
• Demand improved from the 19th onwards, and the metal traded at Rs.41,700 per kg at the time of closing this week.

July 2018 Week 4 (22 - 31):

Parameters	Silver price (per kg)
July 22 Rate	Rs.41,700 per kg
July 31 Rate	Rs.41,400 per kg
Overall Weekly Performance	Decline

• Silver prices in Kerala followed trend seen in other cities as well, with the industrial metal priced at Rs.41,700 per kg on 22 July.
• Prices fluctuations were minimal as industrial demand kept prices stable, but lowered demand resulted in prices falling steadily.
• A slide in price led to silver trading at Rs.41,400 per kg on 24 July, as the impact of the falling rupee forced industries to reduce imports of the metal.
• A late drop in the dollar rate resulted in silver prices rising to Rs.41,800 per kg on 26 July, but prices fell to Rs.41,400 per kg on 31 July.

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

*Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

Silver Rate in 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.

Trend of Silver Rate in Kerala for January 2019 (rates per kg)

January 2018 - Week 1 (1 - 6):

• Demand for silver rose steadily during the week, boosted by a weak dollar and increased demand from coin makers.
• Silver opened the year priced at Rs.41,500 per kg and rose to Rs.41,800 per kg on 3 January, spurred on by steady local industrial demand.
• Prices climbed to Rs.42,200 per kg on 4 January as markets continued to reel from the ongoing U.S. government shutdown.
• There was no change in price as the week ended, with silver prices in Kerala continuing to trade at Rs.42,200 per kg.

January 2018 - Week 2 (7 - 13):

• The second week saw silver prices in Kerala rise marginally as local industrial demand as well as rising Asian orders boosted the metal’s value.
• Silver opened the week at Rs.42,200 per kg on 7 January and climbed to Rs.42,400 per kg on 9 January on steady orders from coin makers.
• Prices reached a weekly high of Rs.42,800 per kg on 10 January as the low dollar and volatile markets increased investor interest in bullion.
• There was a slight dip in price as the week ended, with silver trading at Rs.42,700 per kg on 13 January.

January 2018 - Week 3 (14 - 20): 

• In sharp contrast to prevalent trends, silver rate in Kerala declined during the week as local industrial demand could not maintain prices in spite of positive global cues.
• Silver was priced at Rs.42,300 per kg when trading opened on 14 January and quickly rose to Rs.42,700 per kg on 15 January as a weak dollar boosted sales.
• Silver price in Kerala shot up to Rs.42,900 per kg on 17 January as the prolonged government shutdown in the U.S. fuelled fears of adverse long-term effects on the global economy.
• A reduction in industrial orders from China due to the fallout from the Sino-U.S. trade dispute impacted local demand, which slipped to Rs.42,100 per kg when the week ended on 20 January.

Trend of silver Rate in Kerala for December 2018 (rates per kg)

December 2018 - Week 1 (1 - 9):

• Silver prices in Kerala rose on increased local offtake, with both industrial demand and coin makers increasing order volumes.
• The industrial metal opened the month at Rs.38,500 per kg, rising to Rs.39,600 per kg on 4 December on growing interest from investors looking to hedge losses due to volatile markets.
• Prices continued to rise for the rest of the week as fears of an economic slowdown and a falling dollar prompted increased orders of safe-haven assets, as silver closed the week at Rs.40,300 per kg on 9 December.

December 2018 - Week 2 (10 - 16):

• Demand for silver rose as coin makers and industrial units increased demand as a falling rupee and positive overseas cues also bolstered demand.
• Silver traded at Rs.40,300 when trading opened on 10 December before rising sharply to trade at Rs.40,700 per kg on 11 December.
• Fluctuating markets and overseas cues affected silver rates in Kerala, as the metal’s price fell to Rs.40,500 when the week ended on 16 December.

December 2018 - Week 3 (17 - 23):

• When the third week of December began in Kerala, silver was priced at Rs.40,400 per kg.
• Due to an improvement in demand, rates went up to Rs.40,500 per kg the next day before falling considerably to Rs.39,800 per kg.
• On the 21st, rates went up to Rs.39,900 per kg but dropped again the next day to reach Rs.39,800 per kg.
• When the week drew to a close, silver prices in Kerala were seen holding at Rs.39,800 per kg.

December 2018 - Week 4 (24 - 31):

• Trading opened for the week with silver rate in Kerala priced at Rs.40,000 per kg on the 24th with strong domestic demand from local jewellers and retailers amid the positive trends overseas.
• Rates surged to Rs.41,400 per kg on the 28th with investors and market participants banking on safe-haven assets amid the tumbling US economy and continued US-Sino trade dispute.
• The month came to an end with silver priced at Rs.41,500 per kg on the 31s with strong safe-haven for the metal amid the strong market trends overseas. Kerala recorded a 7.79% increase in silver prices during the course of the month.

Trend of Silver Rate in Kerala for November 2018 (rates per kg)

November 2018 - Week 1 (1 - 4):

• The first week of trading began silver in Kerala priced at Rs.40,900 per kg on the 1st following a decline in industrial demand for the metal amid the strong US greenback and well-performing equity markets.
• With investors and markets participants refraining from making purchases ahead of the US payrolls data, the US dollar weakened.
• Strong industrial demand coupled with positive market trends overseas led to silver rate in Kerala holding at Rs.41,500 per kg for the remainder of the week.

November 2018 - Week 2 (5 - 11):

• Trading opened for the week with silver priced at Rs.41,400 per kg on the 5th with steady demand from local industries and coin manufacturers amid positive global trends.
• However, strong dollar performances coupled with good returns on equities led to silver losing its demand and the industrial metal was priced at Rs.40,500 per kg on the 9th.
• Trading concluded for the week with the silver rate in Kerala holding at Rs.40,500 per kg on the 11th with steady local demand despite the weak trend overseas.

November 2018 - Week 3 (12 - 18):

• Silver rate in Kerala rose as increased offtake from coin makers and a surge in retail demand offset losses from a falling rupee.
• The industrial metal traded at Rs.40,000 per kg on 12 November before falling marginally to Rs.39,700 per kg on 15 November.
• In spite of the risingU.S. dollar capping gains, silver prices rose to Rs.40,000 per kg on 16 November due to increased overseas demand.
• Silver price in Kerala rose to Rs.40,100 per kg when the week ended on 18 November, as silver prices rose by Rs.100 during the week.

November 2018 - Week 4 (19 - 25)

• Silver rates in Kerala echoed trends seen across the country, with prices falling on conflicting cues and poor local demand.
• The metal opened at Rs.40,100 per kg on 19 November but volatile demand and sluggish overseas offtake saw prices dip.
• Fluctuations in demand saw the metal’s price fall to Rs.39,800 per kg on 20 November and rise to Rs.40,000 per kg on 22 November.
• Prices dipped towards the end of the week, as silver traded at Rs.39,400 per kg on 25 November to record a loss of Rs.700 due to poor offtake.

November 2018 - Week 5 (26 - 30):

• Falling local demand and steep import costs due to a falling rupee impacted silver rates in Kerala.
• The metal opened trading at Rs.39,300 per kg on 26 November, but poor offtake from coin makers saw prices fall to Rs.39,000 per kg on 28 November.
• Brexit fallout fears saw markets shed points and a rise in interest in silver, as the metal traded at Rs.39,100 per kg on 29 November.
• Prices fell sharply as the dollar recovered, resulting in silver trading at Rs.38,800 per kg on 30 November.

Trend of Silver Rate in Kerala for October 2018 (rates per kg)

October 2018 - Week 1 (1 - 7):

• In line with trends seen across the country, silver rates in Kerala rose over the course of the week in spite of fluctuations in demand.
• Silver opened the week at Rs.41,100 per kg, with the falling rupee resulting in higher industrial offtake.
• Overseas demand was also high, with industry ramping up orders before a possible rate hike during the Fed Reserve meeting later in the week.
• Prices reached a high of Rs.42,000 per kg on 3 October as local coin makers and jewellers increased orders ahead of the festive season.
• A minor dip led to silver trading at Rs.41,600 per kg on 4 October before the metal’s value rose to Rs.41,900 per kg on 7 October.

October 2018 - Week 2 (8 - 14):

• Fluctuations for the demand for the metal cause the silver price in Kerala to drop to Rs.41,500 per kg at the start of week 2.
• A minor dip in the value of the metal due to the rise in dollar and global stocks caused the metal to trade at Rs.41,200 per kg on 10 October.
• Silver was recorded at Rs.41,500 per kg on 8 October. This was the same price that the metal traded at the start of week 2.

October 2018 - Week 3 (15 - 21):

• Silver prices in Kerala reflected trends seen across most Indian cities, with demand for the metal falling due to a drop in industrial orders and flagging retail sales.
• The metal opened the week at Rs.41,900 per kg on 15 October but prices dropped  to Rs.41,400 per kg on 17 October on declining retail demand.
• A drop in the dollar rate led to a spurt in demand for silver, as the metal traded at Rs.41,700 per kg on 18 October.
• The rise in price was brief, as silver prices once again dropped to Rs.41,500 per kg on 20 October due to a drop in orders from industry and coin makers.
• Prices remained the same as the week ended, with silver trading at Rs.41,500 per kg to record a loss of Rs.400 in value during the week.

October 2018 - Week 4 (22 - 28):

• In line with trends seen across other Indian cities, silver prices in Kerala rose on increased retail purchases ahead of the festive season.
• Silver opened the week at Rs.41,500 per kg on 22 October as prices were unchanged from the previous week due to static demand.
• The falling rupee and unsteady equity markets impacted silver demand, as industrial demand rose marginally and pushed silver prices to Rs.41,900 per kg on 24 October.
• Fluctuating US dollar rates led to silver prices dropping to Rs.41,500 per kg on 26 October as overseas investors were cautious of bullion investments.
• Prices rose as the week ended, with silver trading at Rs.41,700 per kg on 28 October on stable local demand.

October 2018 - Week 5 (29-31):

• The start of the week saw silver prices in Kerala trade at Rs.41,600 per kg on 29 October, with prices falling marginally on decreasing industrial demand.
• The falling rupee and poor overseas trends saw silver rates continue to drop, in spite of festive sales shoring up the metal.
• Silver fell to Rs.41,200 per kg on 30 October as the rising dollar put off many retail consumers, while falling industrial demand added pressure.
• The end of the month saw silver continue to trade at Rs.41,200 per kg due to stagnant local and overseas demand.

Trend of Silver Rate in Kerala for September 2018 (rates per kg)

September 2018 - Week 1 (1 - 8):

• The first week of September saw silver rates in Kerala decline due to conflicting cues and poor offtake.
• Silver opened the week at Rs.40,000 per kg and prices remained steady for a few days due to static demand.
• The fall in the dollar rate led to a brief rise in silver prices, which traded at Rs.40,100 per kg on 3 September.
• Fears of a global trade war led to investors looking at bullion to safeguard against possible losses, though prices remained low.
• The metal traded at Rs.39,800 per kg on 6 September as local coin makers boosted the struggling market.
• With industrial offtake unable to maintain prices, silver fell to Rs.39,700 per kg on 8 September to record a loss in value over the course of the week.

September 2018 - Week 2 (9 - 14):

• Silver’s fortunes in Kerala were reversed this week, as the metal made some gains after a prolonged period of falling prices.
• The week began with silver priced at Rs.39,700 per kg on 9 September, as demand for bullion was static due to a stable dollar.
• The release of less-than-favourable U.S. consumer data led to markets and the dollar falling, as interest in silver rose.
• The industrial metal traded at Rs.39,800 per kg on 10 September as local demand also rose, boosted by positive overseas cues.
• Silver prices climbed to Rs.39,900 per kg on 11 September as investors looked to bullion as a safe investment due to stock market turbulence.
• Prices dropped as demand fluctuations affected demand, with silver priced at Rs.39,800 per kg on 14 September.

September 2018 - Week 3 (15 - 22):

• Demand for silver in Kerala was in line with trends seen across other cities as well, with the white metal priced at Rs.39,500 per kg when trading opened on 15 September.
• The ongoing trade tariff dispute between the U.S. and China affected stock markets and the dollar, as investors turned to bullion to hedge losses on the stock market.
• Prices rose to Rs.40,000 per kg on 19 September as coin makers also increased demand due to the falling rupee.
• Silver rose towards the end of the week and closed at Rs.40,300 per kg.

September 2018 - Week 4 (23 - 30):

• In keeping with trends seen across other cities, silver prices in Kerala were on the increase in the last week of September.
• The industrial metal opened the week at Rs.40,300 per kg on 23 September before falling marginally to Rs.40,000 per kg on 24 September due to demand vagaries.
• The metal quickly made a recovery to trade at Rs.40,800 per kg on 26 September after fears of the growing impact of the Sino-U.S. trade dispute rattled markets.
• Local demand was also stable, as coin makers increased orders due to favourable market conditions.
• Prices rose to Rs.41,200 per kg on 29 September and closed the month at the same price after both industrial demand and retail sales rose.

Trend of Silver Rate in Kerala for August 2018 (rates per kg)

August 2018 - Week 1 (1 - 5):

• As August began, silver rates in Kerala were in line with prevalent trends owing to increased demand for the dollar.
• In spite of stable demand from the local industrial sector, there was a drop in the silver rate as the rupee continued to fall against the dollar, which resulted in lower import orders.
• Silver traded at Rs.41,400 per kg on 1 August, with no significant change in the price as demand from coin makers was on the decline.
• Industrial demand was also on the wane locally, though international orders were on track following a brief fall in the dollar rate due to unfavourable jobs data from the U.S.
• Following the release of the Fed Reserve’s report on the U.S. economy, equity markets were buoyed and local demand saw a steep fall in orders.
• Prices remained low as the week drew to a close, with silver ending the week at Rs.41,300 per kg in Kerala.

August 2018 - Week 2 (6 - 12):

• Silver prices were on the decline as industrial offtake was on the decline, with the industria metal opening trade at Rs.41,200 per kg as declining orders affected prices.
• The positive report on the U.S. economy also bolstered the dollar, as local industrial orders fell sharply due to the increased cost associated with a plunging rupee.
• There was minimal change in price over the course of the week as demand from coin makers fell as well.
• The week ended with silver priced at Rs.41,200 per kg on 12 August, which was recorded to be a constant trend for the week.

August 2018 - Week 3 (13 - 19):

• Silver prices were on the decline as industrial offtake was on the decline, with the industria metal opening trade for Week 3 at Rs.41,200 per kg as declining orders affected prices.
• The positive report on the U.S. economy also bolstered the dollar, as local industrial orders fell sharply due to the increased cost associated with a plunging rupee.
• There was minimal change in price over the course of the week as demand from coin makers fell as well.
• The week ended with silver priced at Rs.40,000 per kg on 19 August, which was recorded to be a declining trend for the week.

August 2018 - Week 4 (20 - 26):

• The fourth week began with silver rate in Kerala recorded at Rs.40,000 per kg on the 20th with steady local demand amid positive global trends.
• A drop in the dollar value led to silver price in Kerala surging to Rs.40,100 per kg on the 22nd.
• However, with the US dollar recovering lost ground over the next couple of days, demand for the meta plunged and silver in Kerala was recorded holding at Rs.39,800 per kg on the 24th.
• The week came to an end with silver trading relatively higher at Rs.40,200 per kg on the 26th following an increase in investor demand brought about by positive global trends.

August 2018 Week 5 (27 - 31):

• Silver rates in Kerala followed trends seen across other Indian cities, with the metal trading at Rs.40,200 per kg.
• There was little fluctuation in the price of silver as stagnant demand and a declining dollar negated possible gains.
• The slide in the dollar rate led to silver prices rising marginally to Rs.40,400 per kg on 28 August, though there was little change in order volumes.
• The inclement weather and related natural calamities reduced industrial offtake, resulting in silver prices falling back to Rs.40,300 per kg on 29 August.
• Prices remained unchanged for the rest of the week, as silver ended the month priced at Rs.40,300 per kg.

Trend of Silver Rate in Kerala for July 2018 (rates per kg)

July 2018 - Week 1 (1 - 7):

• While gold demand picked up before a slight fall this week, silver rates recorded a slight decline owing to a weak demand.
• On the 1st of July, gold was priced at Rs.42,800 per kg in Kerala. This dropped to Rs.42,700 per kg the next day as demand was weak.
• The 3rd saw gold rates drop further to Rs.42,400 per kg after demand from local jewellers and industries dropped.
• As safe haven demand rose on the 4th, ahead of a weak and shaky US markets, silver rates also surged - to trade at Rs.42,800 per kg.
• Over the 5th and 6th, the white metal traded at Rs.42,800 per kg as demand was holding steady ahead of growing cues.
• On the final day of the week, silver rate in Kerala dropped slightly to Rs.42,700 per kg.

July 2018 - Week 2 (8 - 14):

• When trading began for the second week, silver rates in Kerala were recorded holding at Rs.42,600 per kg on the 8th with steady local demand amid positive market trends overseas.
• The next couple of days saw silver trading at Rs.42,900 per kg, thanks to an increase in industrial orders from the Asian continent amid the weakened US dollar index and poorly performing equity markets.
• However, with market participants cutting down purchases amid the recovering US dollar, prices dropped over the next few days.
• Silver was recorded trading at Rs.42,600 per kg on the 11th before dropping to Rs.42,200 per kg on the 12th.
• Rates recovered to Rs.42,400 per kg on the 13th with industries and coin makers ramping up purchases in order to stock up their inventories.
• Trading concluded for the week with the white metal priced at Rs.42,200 per kg on the 14th with subdued domestic demand coupled with poor market trends overseas.

July 2018 - Week 3 (15 - 22):

• When silver trading began for the week in Kerala, the metal was priced at Rs.42,200 per kg.
• Demand was steady for the initial few days before dropping as days progressed owing to a strong dollar.
• On the 16th, the metal traded at Rs.42,300 per kg before falling to Rs.42,200 per kg on the 17th and then to Rs.41,700 per kg on the 18th.
• Demand improved from the 19th onwards, and the metal traded at Rs.41,700 per kg at the time of closing this week.

July 2018 Week 4 (22 - 31):

Parameters	Silver price (per kg)
July 22 Rate	Rs.41,700 per kg
July 31 Rate	Rs.41,400 per kg
Overall Weekly Performance	Decline

• Silver prices in Kerala followed trend seen in other cities as well, with the industrial metal priced at Rs.41,700 per kg on 22 July.
• Prices fluctuations were minimal as industrial demand kept prices stable, but lowered demand resulted in prices falling steadily.
• A slide in price led to silver trading at Rs.41,400 per kg on 24 July, as the impact of the falling rupee forced industries to reduce imports of the metal.
• A late drop in the dollar rate resulted in silver prices rising to Rs.41,800 per kg on 26 July, but prices fell to Rs.41,400 per kg on 31 July.

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