• Silver Rate in Kerala

    Daily Silver Rates
    Date Silver (1 gram) Bar Silver (1 Kg)
    11 Dec 2018 ₹ 40.7 ₹ 40,700
    10 Dec 2018 ₹ 40.3 ₹ 40,300
    09 Dec 2018 ₹ 40.3 ₹ 40,300
    08 Dec 2018 ₹ 40.3 ₹ 40,300
    07 Dec 2018 ₹ 39.6 ₹ 39,600
    06 Dec 2018 ₹ 39.5 ₹ 39,500
    05 Dec 2018 ₹ 39.6 ₹ 39,600
    04 Dec 2018 ₹ 39.6 ₹ 39,600
    03 Dec 2018 ₹ 39 ₹ 39,000
    02 Dec 2018 ₹ 38.5 ₹ 38,500

    *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 November 2018 (rates per kg)

    November 2018 - Week 1 (1 - 4):

    Parameters Silver price (per kg)
    November 1 Rate Rs.40,900 per kg
    November 4 Rate Rs.41,500 per kg
    Overall Weekly Performance Incline
    • 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):

    Parameters Silver price (per kg)
    November 5 Rate Rs.41,400 per kg
    November 11 Rate Rs.40,500 per kg
    Overall Weekly Performance Decline
    • 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):

    Parameters Silver price (per kg)
    November 12 Rate Rs.40,000 per kg
    November 18 Rate Rs.40,100 per kg
    Overall Weekly Performance Incline
    • 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.

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

    Parameters Gold price (24 karat)
    October 1 Rate Rs.41,100 per kg
    October 31 Rate Rs.41,200 per kg
    Highest Rate in October Rs.42,200 per gram on 15 October
    Lowest Rate in October Rs.39,500 per gram on 5 October
    Overall Monthly Performance Incline
    Percentage Change 0.24%
    Graph for Silver Rate (1 gram) in Kerala oct-1 2018
    Graph for Silver Rate (1 gram) in Kerala oct-1 2018

    October 2018 - Week 1 (1 - 7):

    Parameters Silver price (per kg)
    October 1 Rate Rs.41,100 per kg
    October 7 Rate Rs.41,900 per kg
    Overall Weekly Performance Incline
    • 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):

    Parameters Silver price (per kg)
    October 8 Rate Rs.41,500 per kg
    October 14 Rate Rs.41,500 per kg
    Overall Weekly Performance Constant
    • 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):

    Parameters Silver price (per kg)
    October 15 Rate Rs.41,900 per kg
    October 21 Rate Rs.41,500 per kg
    Overall Weekly Performance Decline
    • 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):

    Parameters Silver price (per kg)
    October 22 Rate Rs.41,500 per kg
    October 28 Rate Rs.41,700 per kg
    Overall Weekly Performance Incline
    • 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):

    Parameters Silver price (per kg)
    October 29 Rate Rs.41,600 per kg
    October 31 Rate Rs.41,200 per kg
    Overall Weekly Performance Decline
    • 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)

    Parameters Gold price (24 karat)
    September 1 Rate Rs.41,400 per kg
    September 30 Rate Rs.41,200 per kg
    Highest Rate in September Rs.41,400 per gram on 1 September
    Lowest Rate in September Rs.39,500 per gram on 5 September
    Overall Monthly Performance Decline
    Percentage Change -0.48%
    Graph for Silver Rate (1 gram) in Kerala August 2018
    Graph for Silver Rate (1 gram) in Kerala August 2018

    September 2018 - Week 1 (1 - 8):

    Parameters Silver price (per kg)
    September 1 Rate Rs.40,000 per kg
    September 8 Rate Rs.39,700 per kg
    Overall Weekly Performance Decline
    • 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):

    Parameters Silver price (per kg)
    September 9 Rate Rs.39,700 per kg
    September 14 Rate Rs.39,800 per kg
    Overall Weekly Performance Incline
    • 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):

    Parameters Silver price (per kg)
    September 15 Rate Rs.39,500 per kg
    September 22 Rate Rs.40,300 per kg
    Overall Weekly Performance Incline
    • 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):

    Parameters Silver price (per kg)
    September 23 Rate Rs.40,300 per kg
    September 30 Rate Rs.41,200 per kg
    Overall Weekly Performance Incline
    • 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)

    Parameters Silver price (per kg)
    August 1 Rate Rs.41,400 per kg
    August 31 Rate Rs.40,300 per kg
    Highest Rate in August Rs.41,400 per kg on 1 August
    Lowest Rate in August Rs.39,400 per kg on 16 August
    Overall Monthly Performance Decline
    Percentage Change -2.65%
    Graph for Silver Rate (1 gram) in Kerala July 2018
    Graph for Silver Rate (1 gram) in Kerala July 2018

    August 2018 - Week 1 (1 - 5):

    Parameters Silver price (per kg)
    August 1 Rate Rs.41,400 per kg
    August 5 Rate Rs.41,300 per kg
    Overall Weekly Performance Decline
    • 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):

    Parameters Silver price (per kg)
    August 6 Rate Rs.41,200 per kg
    August 12 Rate Rs.41,200 per kg
    Overall Weekly Performance Constant
    • 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):

    Parameters Silver price (per kg)
    August 13 Rate Rs.41,200 per kg
    August 19 Rate Rs.40,000 per kg
    Overall Weekly Performance Decline
    • 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):

    Parameters Silver price (per kg)
    August 20 Rate Rs.40,000 per kg
    August 26 Rate Rs.40,200 per kg
    Overall Weekly Performance Incline
    • 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):

    Parameters Silver price (per kg)
    August 27 Rate Rs.40,200 per kg
    August 31 Rate Rs.40,300 per kg
    Overall Weekly Performance Incline
    • 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)

    Parameters Silver price (per kg)
    July 1 Rate Rs.42,800 per kg
    July 31 Rate Rs.41,400 per kg
    Highest Rate in July Rs.42,800 per kg on 1 and 2 July
    Lowest Rate in July Rs.41,200 per kg from 27 - 29 July
    Overall Monthly Performance Decline
    Percentage Change -3.50%
    Graph for Silver Rate (1 gram) in Kerala June 2018
    Graph for Silver Rate (1 gram) in Kerala June 2018

    July 2018 - Week 1 (1 - 7):

    Parameters Silver price (per kg)
    July 1 Rate Rs.42,800 per kg
    July 7 Rate Rs.42,700 per kg
    Overall Weekly Performance Decline
    • 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):

    Parameters Silver price (per kg)
    July 8 Rate Rs.42,600 per kg
    July 14 Rate Rs.42,200 per kg
    Overall Weekly Performance Decline
    • 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):

    Parameters Silver price (per kg)
    July 8 Rate Rs.42,200 per kg
    July 14 Rate Rs.41,700 per kg
    Overall Weekly Performance Decline
    • 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.

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

    Parameters Silver price (per kg)
    June 1 Rate Rs.42,800 per kg
    June 30 Rate Rs.42,,800 per kg
    Highest Rate in June Rs.45,000 per kg on 15 June
    Lowest Rate in June Rs.42,600 per kg from 2 June to 5 June
    Overall Monthly Performance No change
    Percentage Change 0
    Graph for Silver Rate (1 gram) in Kerala May 2018
    Graph for Silver Rate (1 gram) in Kerala May 2018

    June 2018 - Week 1 (1st - 10th)

    • Silver rate in Kerala was at Rs.42,800 per kg when trading began for the first week of June.
    • This dropped to Rs.42,600 per kg as cues were weak after the US dollar rose ahead of a strong US jobs data.
    • The white metal continued to trade at Rs.42,600 per kg on the 4th and the 5th as well, before rising slightly to Rs.42,900 per kg on the 6th.
    • After media reports suggested that the G7 meeting in Canada was a failure after no trade agreement was reached, silver rates surged.
    • Over the final two days of this week, silver traded at Rs.43,700 per kg - as demand was on the rise owing to a weak dollar.

    June 2018- Week 2 (11th-17th)

    • Silver prices in Kerala were on the rise over the course of the second week of June, trading at Rs.43,900 per kg on 11 June.
    • In spite of a bullish equity market and a rising dollar rate, demand for silver was steady at the beginning of the week, as the metal traded at Rs.44,000 per kg on 12 June.
    • The summit between Kim Jong-un and Donald Trump bolstered the dollar, though fears of a trade war between the U.S. and China pared gains.
    • Silver prices fell to Rs.43,900 per kg on 13 June as local industrial demand was sluggish in the face of an international downturn.
    • The possibility of a trade war between the U.S. and China led to global markets falling, as silver recouped and rose to Rs.45,000 per kg on 15 June.
    • The European Central Bank’s decision not to alter interest rates caused some panic on the bourses, though silver prices fell to Rs.44,300 per kg on 17 June.

    June 2018 - Week 3 (18th - 24th)

    • The week began in Kerala with silver priced at Rs.43,400 per kg on the 18th after a steep increase in the dollar value led to prices dropping by Rs.900 from the previous session.
    • Rates surged to Rs.43,500 per kg on the 19th before industrial demand was suppressed by the regaining US dollar and the white metal was priced at Rs.43,100 per kg on the 20th.
    • Weak global cues compounded with reduced domestic demand led to silver rates dropping to Rs.42,900 per kg the following day.
    • The next couple of days saw silver trading at Rs.42,900 per kg on account of poor demand from local industrial units and coin manufacturers.
    • Trading ended for the week with the metal priced at Rs.42,900 per kg with steady local demand amid the weak market trend overseas.

    June 2018 - Week 4 (25th - 30th)

    • In Kerala, silver was priced at Rs.43,200 per kg as demand was on a relative high before falling down as days progresses.
    • On the 26th, silver was priced at Rs.43,100 per kg and held on at Rs.43,100 per kg on the 27th as well.
    • The 28th saw silver rates fall further to Rs.43,000 per kg as demand from industrial units and coin makers remained flat.
    • OVer the final two days of June, silver was seen trading at a much declined rate of Rs.42,800 per kg.

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

    Parameters Silver price (per kg)
    May 1 Rate Rs.42,000 per kg
    May 31 Rate Rs.43,100 per kg
    Highest Rate in May Rs.43,800 per kg on 25 May
    Lowest Rate in May Rs.42,000 per kg on 1 May
    Overall Monthly Performance Incline
    Percentage Change 2.61%
    Graph for Silver Rate (1 gram) in Kerala April 2018
    Graph for Silver Rate (1 gram) in Kerala April 2018

    May 2018- Week 1 (1st - 6th)

    • In Kerala, the week commenced with the industrial metal prices holding at Rs.42,000 per kg on the 1st amid the strengthened dollar and equities.
    • However, the dollar lost against a basket of other currencies with the Fed Reserve raising its benchmark interest rates as planned.
    • On the 3rd, the white metal was recorded trading at Rs.42,600 per kg amid the firm trend overseas.
    • An incline in demand from local industrial units and coin makers coupled with positive global cues led to silver rate in Kerala surging over the next few days.
    • The week concluded with silver price in Kerala holding at Rs.43,200 per kg on the 6th amid the firm trend overseas.

    May 2018 - Week 2 (7th - 13th)

    • When the second week of May began in Kerala, silver was priced at Rs.43,200 per kg which dropped to Rs.43,100 per kg at the time of closing.
    • The next day, i.e., the 8th saw silver prices in Kerala fall slightly to Rs.43,000 per kg as demand was weak.
    • On the 9th, rates went up to Rs.43,100 per kg before rising to Rs.43,300 per kg on the 10th of the month.
    • As the US dollar plummeted amid the furore caused by the inflation data, silver rates increased worldwide. The metal traded at Rs.43,500 per kg on the 11th.
    • Prices inclined slightly to Rs.43,800 per kg on the 12th and continued to trade at the same rate till the final day of this week.

    May 2018 - Week 3 (14th - 20th)

    • In Kerala, the week began with silver prices holding at Rs.43,600 per kg on the 14th amid firm overseas trends.
    • Poor market trends coupled with the rising US dollar and equity markets led to silver rates plummeting to Rs,43,000 per kg on the 16th.
    • Silver prices rebounded to Rs.43,200 per kg on the 17th before dropping again to Rs.43,000 per kg on the 18th as the US dollar hovered near its highest level in 2018, pushing demand lower for the industrial metal.
    • The week came to an end with silver prices finishing higher at Rs.43,100 per kg on the 20th after the dollar weakened amid the ongoing US-Italian spat on the global front.

    May 2018 - Week 4 (21st - 27th)

    • Silver rates in Bollywood town remained much the same as other cities in the country. When the week began, the white metal was priced at Rs.43,100 per kg.
    • On the 22nd, the second day of this week, silver rates rose slightly to Rs.43,200 per kg. This went up on the 23rd again to Rs.43,500 per kg, as the US economy slumped, and with it the dollar.
    • The 24th saw silver rates drop slightly to Rs.43,300 per kg before a significant surge pushed silver rates up to Rs.43,800 per kg on the 25th.
    • This sudden rise could be attributed to the opportunistic nature of precious metal investors who took advantage of a weaker dollar to increase their inventory.
    • The dollar recovered, on the subsequent day though, and silver rates in Mumbai went down to Rs.43,600 per kg on the 26th of May.
    • When the fourth week of May drew to a close, silver was still seen trading at Rs.43,600 per kg as there was sustained demand for the metals in the local circles.

    May 2018 - Week 5 (28th - 31st)

    • In Kerala, trading opened for the last week with silver rates holding at Rs.43,000 per kg on the 29th amid positive market trends.
    • Rates rose to Rs.43,100 per kg the next day before a decline in industrial demand led to silver prices plummeting to Rs.42,900 per kg on the 30th.
    • The month came to an end with the white metal trading at Rs.43,100 per kg on the last day after the bullion market capitalised on rising political tensions in Italy.
    • Silver rates in Kerala surged by 2.61% on account of strong demand from industrial units and coin manufacturers brought about by positive global cues during the course of the month.

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

    Parameters Silver price (per kg)
    April 1 Rate Rs.41,400 per kg
    April 30 Rate Rs.42,300 per kg
    Highest Rate in April Rs.43,800 per kg on 20 and 22 April
    Lowest Rate in April Rs.41,000 per kg on 5 April
    Overall Monthly Performance Incline
    Percentage Change 2.17%
    Graph for Silver Rate (1 gram) in Kerala March 2018
    Graph for Silver Rate (1 gram) in Kerala March 2018

    April 2018- Week 1 (1st-7th)

    • There was no change in the price of silver as the week began, with the metal trading at Rs.41,400 per kg on 1 April.
    • Consistent demand from local industrial units also kept demand relatively stable as the week began.
    • A sharp drop across equity markets led to silver prices surging to Rs.41,600 per kg on 3 April as investors rushed to invest in safe-haven assets to hedge equity losses.
    • A U.S. Dollar sell-off also kept silver prices stable, though a dip in local demand led to silver price in Kerala falling to Rs.41,500 per kg on 4 April.
    • Demand for the industrial metal continued to drop as silver prices fell to Rs.41,000 per kg on 5 April.
    • The week ended with silver trading slightly higher at Rs.41,200 per kg on 7 April.

    April 2018- Week 2 (8th -15th)

    • Silver opened at Rs.41,200 per kg when the second week of April commenced.
    • As demand was flat, silver continued to trade at Rs.41,200 per kg, which rose slightly to Rs.41,300 per kg on 10th April.
    • The 11th saw silver prices in Kerala go up to Rs.41,700 per kg as demand went up before rising again to Rs.42,000 per kg on the 12th as demand was steady from local coin makers and industrial units.
    • A slowdown in demand was witnessed on the 13th and silver prices in Kerala dropped to Rs.41,600 per kg due to this.
    • Over the 14th and 15th of April, silver traded at Rs.41,900 per investors improved their positions after stock markets plummeted due to the Syrian airstrikes.

    April 2018 - Week 3 (16th - 22nd)

    • In Kerala, the white metal opened trading at Rs.42,100 per kg on the 16th with investors assessing the possible consequences of the US led-missile attack on Syria.
    • Positive trends overseas coupled with steady demand from local industrial units and coin makers led to silver prices rising to Rs.42,500 per kg on the 18th.
    • On the 19th, silver rates in Kerala surged to Rs.43,700 per kg as inflationary concerns resurfaced on the markets amid the well-performing bullion market.
    • Silver rate in Kerala rose to Rs.43,800 per kg on the 20th following an increase in domestic offtake by industries and coin makers amid the firm trends overseas.
    • The week concluded with the industrial metal holding firm at Rs.43,800 per kg on the 22nd with steady demand from coin makers and industries amid strong global cues.

    April 2018 - Week 4 (23rd - 30th):

    • Silver was priced at Rs.43,700 per kg when the final week of April opened for trading.
    • Due to demand declining amid poor cues, silver rates in Kerala dropped to Rs.43,000 per kg on the 24th.
    • The remaining days saw silver prices fluctuate considerably as demand was quite weak for the most part.
    • On the 25th, silver price in Kerala rose slightly to Rs.43,100 per kg before dropping back down to Rs.43,000 per kg the next day.
    • During the 27th, silver rate in Kerala fell further to Rs.42,800 per kg as demand saw little signs of picking up.
    • Silver traded at Rs.42,800 per kg on the 28th as well before dropping quite a bit to trade at Rs.42,300 per kg on the final day of this week.

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

    Parameters Silver price (per kg)
    Silver Rate on 1st March 2018 Rs.41,100 per kg
    Silver Rate on 31st March 2018 Rs.41,400 per kg
    Highest Rate in March Rs.41,900 per kg on 7 March
    Lowest Rate in March Rs.41,000 per kg on 19 and 21 March
    Overall Monthly Performance Incline
    Percentage Change 0.72%
    Graph for Silver Rate (1 gram) in Kerala February 2018
    Graph for Silver Rate (1 gram) in Kerala February 2018

    March 2018 - Week 1 (1 - 5):

    • The silver price in Kerala reflected patterns seen across other major Indian cities, with a rise in price observed after the drop in equity markets.
    • Silver was priced at Rs.41,100 per kg as the month opened in Kerala before prices rose to Rs.41,400 per kg on 2 March.
    • The announcement of tariffs on aluminium and steel imports into the United States took the markets by surprise as major bourses were in the red.
    • Investors and industrial units scrambled to capitalise on the drop in the dollar rate and increased demand for bullion.
    • Silver rate in Kerala rose to Rs.41,600 per kg on 3 March and remained constant for the rest of the week.

    March 2018 - Week 2 (5-11):

    • Silver was trading at Rs.41,700 per kg on the 5th of March in Kerala.
    • This fell to Rs.41,400 per kg the next day as demand took a hit owing to poor sales among the industrial units and coin makers in the state.
    • On the 7th, silver prices went up to Rs.41,900 per kg as a weak dollar pushed demand for the metal up.
    • During the 8th, silver rates in Kerala fell to Rs.41,500 per kg as there was a brief decline in demand.
    • Due to poor demand, rates went down to Rs.41,300 per kg on the 9th as demand failed to seen any positive change.
    • Demand, however, improved over the final two days and silver traded at Rs.41,600 per kg.

    March 2018 - Week 3 (12 - 18):

    • Trading began in Kerala with silver rates holding at Rs.41,600 per kg on the 12th amid firm overseas trends.
    • Silver prices in Kerala dropped to Rs.41,600 per kg on the 13th before rebounding to Rs.41,700 per kg the next day after the US dollar index lost against other apex currencies in the international market.
    • The dollar, however, strengthened over the next few days with investors and markets speculating over a possible Fed rate hike by the US central bank next week.
    • The white metal was recorded trading at Rs.41,500 per kg on the 15th before plunging to Rs.41,300 per kg on the 16th amid weak global cues.
    • Poor demand from industrial units and coin manufacturers amid the poor trends overseas resulted in the metal being priced at Rs.41,100 per kg for the rest of the week.

    March 2018 - Week 4 (19 - 25):

    • Silver prices in Kerala were relatively unchanged as the week began, with the metal opening the week at Rs.41,000 per kg.
    • Prices rose marginally on 20 March, trading at Rs.41,200 per kg as local industrial offtake increased on positive global cues.
    • Demand from Asian industry was also on the increase as a weak dollar rate made silver imports cheaper, leading silver prices to rise to Rs.41,500 per kg on 22 March.
    • As trading closed on 22 March, silver price in Kerala rose to Rs.41,600 per kg on steady demand from coin makers as well as consistent industrial offtake.
    • Investors also renewed interest in silver due to poor equity market performance, with markets shaky ahead of the Fed announcement on monetary policy and future interest rate hikes.
    • The week ended with silver trading at R.41,600 per kg on 25 March on positive market cues and strong demand.

    March 2018 - Week 5 (26 - 31):

    • Trading commenced in Kerala with the industrial metal priced at Rs.41,600 per kg on the 26th following a steady demand from industries and coin manufacturers amid firm overseas trends.
    • With diplomatic relations between the US and Russia deteriorating, the US dollar tumbled. This led to silver prices rising to Rs.41,800 per gram on the 27th.
    • However, with the US greenback recovering from the initial shock, silver rates in Kerala plunged to Rs.41,500 per kg on the 28th.
    • The 29th saw silver price in Kerala plunging further to Rs.41,400 per kg after the US dollar held on to its previous session’s gains.
    • Thanks to steady offtake by the industrial units, prices remained untouched at Rs.41,400 per kg for the remainder of the week.
    • Kerala witnessed silver rates rising by 0.72% on account of strong demand brought about by the positive overseas trends during the course of the week.

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

    Parameters Silver price (per kg)
    Silver rate on 1st February 2018 Rs.42,600 per kg
    Silver rate on 28th February 2018 Rs.41,200 per kg
    Highest Rate in February Rs.41,600 per kg on 1 and 2 February
    Lowest Rate in February Rs.40,600 per gram on 10 and 11 February
    Overall Monthly Performance Decline
    Percentage Change -3.28%
    Graph for Silver Rate (1 gram) in Kerala January 2018
    Graph for Silver Rate (1 gram) in Kerala January 2018

    February 2018 - Week 1 (1st - 4th)

    • Trading in Kerala opened with silver priced at Rs.42,600 per kg on the 1st amid strong domestic demand by industries and coin manufacturers.
    • Steady demand for the metal despite the poor trends overseas led to silver rate in Kerala remaining untouched at Rs.42,600 per kg on the 2nd.
    • The 3rd saw silver price in Kerala plummeting to Rs.41,700 per kg after demand for the metal declined against the strengthening dollar and firmer equities market.
    • Thanks to steady demand from industrial units and coin manufacturers, silver continued trading at Rs.41,700 per kg for the remainder of the week.

    February 2018 - Week 2 (5th -11th)

    • Silver prices fluctuated quite a bit in Kerala due to a constantly changing local demand. The white metal traded at Rs.41,500 per kg on the 5th of February.
    • Silver rate in Kerala rose to Rs.41,900 per kg the next day as demand from coin makers and industrial units went up.
    • The 7th saw demand drop, pushing silver price in Kerala down to Rs.41,400 per kg. This dropped further by Rs.600 the next day to Rs.40,800 per kg as demand failed to pick up.
    • On the 9th, silver prices solidified marginally for the metal to trade at Rs.41,000 per kg but a falling demand caused rates to drop to Rs.40,600 per kg on the 10th.
    • The final day of this week saw little change in demand, which led to silver prices remaining at Rs.40,600 per kg.

    February 2018 - Week 3 (12th - 18th)

    • In Kerala, the week began with the white metal trading at Rs.40,900 per kg on the 12th amid firm trends overseas.
    • With investors watching out for clues on the pace of interest rates hikes from the US price data, silver price in Kerala surged to Rs.41,300 per kg on the 13th which rose further to Rs.41,400 per kg on the 14th.
    • With the US dollar declining against other apex currencies, the 15th saw silver rates in Kerala rising for the fourth consecutive session to Rs.41,700 per kg.
    • Steady domestic demand coupled with strong global cues led to silver rate in Kerala holding firm at Rs.41,700 per kg for the rest of the week.

    February 2018 - Week 4 (19th - 25th)

    • Silver, like gold, was affected by the US dollar and its latest surge. When the week began on the 19th of February, silver was priced at Rs.41,600 per kg.
    • A resurgence of the dollar and the subsequent decline in local demand, brought silver price in Kerala down to Rs.41,200 per kg on the 20th of February.
    • Gold rate in Kerala went down again on the 21st Rs.41,200 per kg before going up to Rs.41,400 per kg on the 22nd.
    • Due to an increase in local demand, silver rates in Kerala went up to Rs.41,600 per kg on the 23rd before dropping marginally to Rs.41,500 per kg the next day.
    • When the week ended, silver was still seen trading at 41,500 per kg.

    February 2018 - Week 5 (26th - 28th)

    • In Kerala, the week commenced with the white metal trading at Rs.41,600 per kg on the 26th with an increase in domestic demand from industrial units and coin manufacturers.
    • Silver price in Kerala rose to Rs.41,700 per kg on the 27th amid the firm trends overseas before plummeting to Rs.41,200 per kg on the 28th owing to a drop in demand brought about by the rising US dollar and equities.
    • Kerala recorded an incline of 3.28% in silver rates amid poor global cues and reduced domestic demand.

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

    Parameters Silver price (24 karat)
    Silver Rate on 1st January 2018 Rs.38,600 per kg
    Silver Rate on 31st January 2018 Rs.42,200 per kg
    Highest Rate in January Rs.43,100 per kg from 25 to 28 January
    Lowest Rate in January Rs.38,600 per kg on 1 January
    Overall Monthly Performance Incline
    Percentage Change 8.80%
    Graph for Silver Rate (1 gram) in Kerala December2017
    Graph for Silver Rate (1 gram) in Kerala December2017

    January 2018 - Week 1 (1st - 7th)

    • Silver price in Kerala too followed the same pattern to that of gold, with a slight decline being recorded during the middle of the week.
    • On the 1st of January, silver was trading at Rs.38,600 per kg, before increasing to Rs.39,100 per kg the next day due to heightened buying from local jewellers and industries.
    • Prices remained the same on the 3rd but declined to Rs.38,800 per kg on the 4th as demand slowed down in the international market. This was due to the US dollar gaining briefly against other currencies.
    • The 5th saw silver rate in Kerala gain and reach Rs.39,200 per kg due to high demand. This continued on till the end of the week.

    January 2018 - Week 2 (8th - 14th)

    • The second week in Kerala began with the white metal trading firm at Rs.39,200 per kg on the 8th with steady demand from the previous day.
    • Prices declined over the next two days with the US dollar strengthening amid the well performing equities. Silver rate in Kerala was at Rs.39,100 per kg on the 9th before dropping further to Rs.38,700 per kg on the 10th amid the poor trend overseas.
    • However, with the US dollar losing its ground against other apex currencies, demand for the industrial metal surged during the week. This led to silver being priced at Rs.38,900 per kg and Rs.39,000 per kg on the 11th and the 12th respectively.
    • Strong global cues coupled with increased demand from industrial units and coin manufacturers led to silver price in Kerala rising to Rs.39,200 per kg on the 13th.
    • When the week concluded, the white metal was holding steady at Rs.39,200 per kg on the 14th amid the firm overseas trend.

    January 2018 - Week 3 (15th - 21st)

    • In Kerala, silver was priced at Rs.39,200 per kg when the week began. The white metal’s rates increased by Rs.400 to Rs.39,600 per kg the next day due to an increased local demand.
    • However, as the demand subsided, silver rates went down to Rs.39,300 per kg on the 17th.
    • As demand saw little signs of improving, silver rate in Kerala went down to Rs.39,100 per kg on the 18th of the month.
    • From the 19th to the 21st of January, silver price in Kerala continued at Rs.39,100 per kg as demand remained steady.

    January 2018 - Week 4 (22nd - 28th)

    • When trading commenced in Kerala for this week, silver was priced at Rs.42,000. As there was no change in demand, rates remained the same at the time of closing too.
    • Due to local demand remaining steady, silver price in Kerala remained unchanged on the 23th of January.
    • The 24th, however, saw some activity and the metal closed Rs.200 higher than the opening price at Rs.42,200 per kg.
    • Overnight trading positions pushed silver rate in Kerala up to Rs.43,100 per kg at the time of opening on the 25th. As demand from local coin makers and industrial units remained steady, silver prices didn’t see any changes.
    • With demand from local market holding steady, silver continued trading at Rs.43,100 per kg from the 26th to the 28th of the month.

    January 2018 - Week 5 (29th - 31st)

    • The week began with the industrial metal trading as high as Rs.42,700 per kg on the 29th with an increase in domestic demand from industrial units and coin manufacturers.
    • However, with the US dollar recovering from the losses ahead of the US Federal Reserve’s two-day monetary policy meeting, silver rate in Kerala plunged to Rs.42,200 per kg on the 30th.
    • Steady industrial demand despite the poor trend overseas led to silver holding firm at Rs.42,200 per kg the next day.
    • Kerala recorded an incline of 8.80% in silver trade during the month.
    Graph for Silver Rate (1 gram) in Kerala November 2017
    Graph for Silver Rate (1 gram) in Kerala November 2017
    Parameters Silver price (per kg)
    Silver Rate on 1st December 2017 Rs.38,300 per kg
    Silver Rate on 31st December 2017 Rs.38,600 per kg
    Highest Rate in December Rs.38,600 per kg from 28 to 31 December
    Lowest Rate in December Rs.36,800 per kg on 13 December
    Overall Monthly Performance Incline
    Percentage Change 0.78%

    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.
    Parameters Silver price (per kg)
    Silver rate on 1st November 2017 Rs.39,530 per kg
    Silver rate on 30th November 2017 Rs.38,460 per kg
    Highest Rate in November 2017 Rs.40,520 on 18 and 19 November
    Lowest Rate in November 2017 Rs.39,355 per kg on 4 November
    Overall Monthly Performance Decline
    Percentage Change -2.70%
    Graph for Silver Rate (1 gram) in Kerala October 2017

    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.
    Graph for Silver Rate (1 gram) in Kerala September'17
    Parameters Silver price (24 karat)
    Silver Rate on 1st October 2017 Rs.39,800 per kg
    Silver Rate on 31st October 2017 Rs.39,300 per kg
    Highest Rate in October 2017 2017 Rs.40,500 per kg on 16 October
    Lowest Rate in October 2017 Rs.39,100 per kg on 7 and 8 October
    Overall Monthly Performance Decline
    Percentage Change -1.25%

    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.
    Graph for Silver Rate (1 gram) in Kerala August'17
    Parameters Silver price
    September 1 Rate Rs.40,000 per kg
    September 30 Rate Rs.39,800 per kg
    Highest Rate in September Rs.41,800 per kg on 8 September
    Lowest Rate in September Rs.39,500 per kg on 27 September
    Overall Monthly Performance Decline
    Percentage Change -0.5%

    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.
    Parameters Silver price (per 1 kg)
    August 1 Rate Rs.38,900 per kg
    August 31 Rate Rs.40,000 per kg
    Highest Rate in August Rs.40,200 per kg on 29 August
    Lowest Rate in August Rs.37,500 per kg from 7-9 August
    Overall Monthly Performance Incline
    Percentage Change 2.82%
    Graph for Silver Rate (1 gram) in Kerala July'17

    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.
    Parameters Silver price (per 1 kg)
    July 1 Rate Rs.39,600 per kg
    July 31 Rate Rs.38,700 per kg
    Highest Rate in June Rs.39,600 per kg from 1 to 3 July
    Lowest Rate in June Rs.37,000 per kg on 10 July
    Overall Monthly Performance Decline
    Percentage Change -2.27%
    Comparison for 1 gram Silver Rates for Kerala May'17

    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 1 Rate Rs.40,500 per kg
    June 30 Rate Rs.39,100 per kg
    Highest Rate in June Rs.40,600 per kg from 5-8 June
    Lowest Rate in June Rs.38,600 per kg on 20 & 21 June
    Overall Performance Decline
    Percentage Change -3.45%

    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 1st Rate Rs.40,600 per gram
    May 31st Rate Rs.40,500 per kg
    Highest Rate in May Rs.40,600 per kg on 1st May
    Lowest Rate in May Rs.38,100 per kg on 10th & 11th May
    Overall Performance Decline
    Percentage Change -0.24%

    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 1st Rate Rs.42,500 per kg
    April 30th Rate Rs.40,600 per kg
    Highest Rate in April Rs.42,900 per kg on the 15th and 16th of April
    Lowest Rate in April Rs.40,600 per kg from the 27th to 30th of April
    Overall Performance Decline
    Percentage Change 4.47%

    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.
    Comparison for 1 gram Silver Rates for Kerala February '17
    March 1st Rate Rs.43,900 per kg
    March 31st Rate Rs.42,100 per kg
    Highest Rate in March Rs.44,000 per kg on 2nd March
    Lowest Rate in March Rs.40,300 per kg on 15th March
    Overall Performance Decline
    Percentage Change -4.10%

    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 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
    Overall Performance Incline
    Percentage Change +5.78%
    Comparison for 1 gram Silver Rates for Kerala January '17

    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 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
    Overall Performance Incline
    Percentage Change +4.01%
    Comparison for 1 gram Silver Rates for Kerala December '16

    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
    Overall Performance Decline
    Percentage Change -3.49%
    Comparison for 1 gram Silver Rates for Kerala November '16

    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
    Overall performance Decline
    % Change -4.32%
    Comparison for 1 gram Silver Rates for Kerala October '16

    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
    Overall performance Decline
    % Change -6.37%

    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
    Overall performance Increase
    % Change 2.70%

    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
    Overall performance Decline
    % Change -7.27%
    Comparison for (1 gram) Silver Rates for Kerala July'16

    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
    Overall performance Rising
    % Change +24.68%
    Comparison for (1 gram) Silver Rates for Kerala Jun'16

    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
    Overall performance Rise
    % Change +12.99
    Comparison for (1gram) Silver Rates for Kerala May'16

    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
    Overall performance Decline
    % Change -8.11%

    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
    Overall performance Gain/Positive
    % 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.

    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.

    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.

      21 June 2016

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