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Silver Rate in Kerala
Silver or ‘poor man’s gold’ as it is often referred is sought-after by millions of Indians in various forms. The price of silver depends on various factors including its demand as an industrial metal. Ever since silver was de-linked as a currency, around 73% of the white metal is being used across the world in various industrial uses from batteries and mobiles to soldering process and satellites among others. Silver, however, is most popular as a valuable asset in the country.
There are several major jewellery stores across Kerala which offer a wide variety of jewellery designs. Silver gift articles and artefacts are also commonplace. Silver bars of various denominations such as 50g and 100g are also bought. The bars are sold at competitive prices may come with assay certification. Silver is utilized for various ritualistic purposes as well.
Trend of Silver Rate in Kerala for March 2017 (rates per kilogram)
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.
Trend of Silver Rate in Kerala for February 2017 (rates per kilogram)
|February 1st Rate||Rs.41,500 per kg|
|February 28th Rate||Rs.43,900 per kg|
|Highest Rate in February||Rs.43,900 per kg on 28th February|
|Lowest Rate in February||Rs.41,500 per kg from 1st-7th February|
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.
Trend of Silver Rate in Kerala for January 2017 (rates per kilogram)
|January 1st Rate||Rs.39,900 per kg|
|January 31st Rate||Rs.41,500 per kg|
|Highest Rate in January||Rs.41,700 per kg on 23rd January|
|Lowest Rate in January||Rs.39,200 per kg on 2nd January|
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 1st Rate||Rs.41,100 per kg|
|December 31st Rate||Rs.39,900 per kg|
|Highest Rate in December||Rs.41,100 per kg on 1st,5th,6th and 9th December|
|Lowest Rate in December||Rs.38,500 per kg on 26th December|
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.
|1st November rate||Rs.42,600 per kilogram|
|30th November rate||Rs.41,055 per kilogram|
|Highest rate in November||Rs.45,000 per kilogram on 12th and 13th November|
|Lowest rate in November||Rs.40,200 per kilogram on 25th November|
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.
|1st October rate||Rs.45,500 per kilogram|
|31st October rate||Rs.42,600 per kilogram|
|Highest rate in October||Rs.45,500 per kilogram on 1st to 3rd October|
|Lowest rate in October||Rs.41,700 per gram on 8th and 9th October|
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.
|1st September rate||Rs.44,300 per kilogram|
|30th September rate||Rs.45,500 per kilogram|
|Highest rate in September||Rs.46,600 per gram on 9th September|
|Lowest rate in September||Rs.44,200 per gram on 2nd September|
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%.
|1st July rate||Rs.48,100 per kilogram|
|31st July rate||Rs.44,600 per kilogram|
|Highest rate in July||Rs.48,100 per kilogram on 1st August|
|Lowest rate in July||Rs.44,200 per kilogram on 26th to 29th August|
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.
|1st July rate||Rs. 43,500 per gram|
|31st July rate||Rs. 47,500 per gram|
|Highest rate in July||Rs. 48,000 per gram on July 7|
|Lowest rate in July||Rs. 43,500 per gram on July 1|
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.
|1st June rate||Rs.38,800|
|30th June rate||Rs.43,500|
|Highest rate in June||Rs.43,500 on 30th of June|
|Lowest rate in June||Rs.38,500 on 2nd and 3rd of June|
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.
|1st May rate||Rs. 41,900 per gram|
|31st May rate||Rs. 38,500 per gram|
|Highest rate in May||Rs. 41,900 per gram on May|
|Lowest rate in May||Rs. 38,500 per gram on May|
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.
|1st April rate||Rs 36,800|
|30th April rate||Rs 41,900|
|Highest rate in April||Rs 42,000 on 29th|
|Lowest rate in April||Rs 35,900 on 3rd|
|% Change||+ 13.85%|
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.
- Also Know: Gold Rate In Kerala
Details of Silver Price in Kerala (1 Kg) - Till December 2015
1 kg of silver is currently pegged at Rs.33860 (as on December 17th, 2015) across various cities such as Silver rate in other cities Wayanad and Kottayam among others. The price of silver has been on plummeting since January this year when it was pegged at Rs.40252. The price of silver fell by -3.2% to Rs.38936 in February. The downward slide continued in the following months of March and April when the price of the precious metal fell to Rs.38716 and Rs.38517 respectively. In the month of May, the price of silver reached a peak at Rs.40484. However, in the following months of June and July, silver fell to Rs.36169. The downward slide continued in August when silver fell by -1.6% to Rs.35580 in August. The price of silver stabilised at Rs.35383 in the month of September but fell by -4% to Rs.33967 in November.
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.
- Also Check: Silver Rate in Trivandrum
Read more on Silver
News about Silver Rate in Kerala
Gold and silver prices drift ever lower
Lower offtake from investors and a bear-ish trend in the overseas market saw the prices of gold slip ever lower, continuing their trend. 10 grams of 99.9% purity gold dropped a solid Rs.35, and settled at Rs.30,025. 10 grams of 99.5% purity gold also dropped by Rs.35 to settle at a trading value of Rs.29,875.
Silver followed suit and prices also slumped lower and the reason for this was attributed to lower demand from industrial units. One kg of silver with a fineness rating of .999 now trades at Rs.41,535, down by Rs.25.
21st June 2016