• Silver Rate in Kolhapur

    Daily Silver Rates
    Date Silver (1 gram) Bar Silver (1 Kg)
    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
    01 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 Price in Kolhapur

    Silver is sought-after by millions across the country in many forms. While silver has a significant and growing industrial base in terms of its usage, it is widely used for making intricate jewellery items, coinage, silverware and other artefacts. Many consumers in Kolhapur buy silver gift articles during the wedding season since the white precious metal is believed to bring in good luck. Silver articles are extensively used during various traditional rituals. Not surprisingly, possession of the precious metal is considered a symbol of prosperity and status amongst a significant section of society.

    Most middle-class and lower middle-class segments seek the white precious metal as a robust asset and safe haven for investment in the long term. Many small investors in Kolhapur prefer buying silver to gold given the former is more affordable than the yellow metal. Owing to its intrinsic value, silver is recognised across in the world and can, therefore, be easily bought and sold at any location.

    Trend of Silver Rate in Kolhapur for September 2018 (rates per gram)

    Parameters Silver price (per kg)
    September 1 Rate Rs.40,000 per kg
    September 30 Rate Rs.41,200 per kg
    Highest Rate in September Rs.41,200 per kg on 29 and 30 September
    Lowest Rate in September Rs.39,500 per kg on 5, 7, 15-16 September
    Overall Monthly Performance Incline
    Percentage Change 3%

    Trend of Silver Rate in Kolhapur for August 2018 (rates per gram)

    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 and 9 August
    Lowest Rate in August Rs.39,800 per kg on 24 August
    Overall Monthly Performance Decline
    Percentage Change -2.65%

    August 2018- Week 1 (1-5)

    • At the beginning of the month, silver prices in Kolhapur remained stable due to steady local industrial demand and a recovering falling Indian rupee.
    • Silver opened at Rs.41,400 per kg on 1 August. However, the price of the metal fell in the following days as the value of the US dollar increased.
    • Though the demand for the metal was steady, poor overseas trends caused silver rates to fall to Rs.41,000 per kg on 3 August.
    • As the rupee strengthened and the demand for the metal picked up, silver prices increased and closed at Rs.41,300 per kg on 5 August.

    August 2018- Week 2 (6-12)

    • Due to volatile markets, silver prices fluctuated throughout week 2. However, the prices regularised over the course of the week.
    • On 6 August, silver continued to trade at Rs.41,300 per kg as the demand for the metal was unaffected.
    • However, on 9 August, the price of the metal fell to Rs.41,400 per kg as the dollar in correspondence to other currencies rose in value. This was also the highest recorded silver rate in Kolhapur recorded for the second time in this month. The value of the metal could incline and hit the highest rate due to high demand and declining value of the US dollar.
    • Due to the political tension between the U.S. and China, global markets fell and the price of silver fell to Rs.41,100 per kg on 10 August.
    • As the demand for the metal stabilized, the price of silver increased and closed at Rs.41,200 per kg on 12 August.

    August 2018- Week 3 (13-19)

    • Silver prices remained unaffected on the first day of week 3. It continued to trade at Rs.41,200 per kg on 13 August.
    • Though the international demand for metal was steady, the local industrial demand for silver fell. This led to a drop in silver rates in Kolhapur.
    • On 16 August as the Federal Reserve’s indicated a rate hike, investors refrained from bullion. This caused silver prices to decline and trade at Rs.39,990 per kg.
    • As the domestic demand picked up, a small hike in silver prices was noted. Silver closed at Rs.40,000 per kg.

    August 2018- Week 4 (20-26)

    • Silver prices remained unchanged and continued to trade at Rs.40,000 per kg on 20 August. Amidst week trend overseas, the local demand for the metal help the silver prices remain stable.
    • Though the dollar price started recovering and experts expected silver prices in Kolhapur to fall, the local demand for the metal caused silver rates to increase and trade at Rs.40,100 per kg on 22 August.
    • Throughout the month of August, the demand for the metal and the value of the US dollar played a crucial role in determining silver rates in Kolhapur.
    • Silver rates in Kolhapur closed at Rs.40,200 per kg on 26 August.

    August 2018- Week 5 (27-31)

    • The last week saw silver prices turn sluggish as demand and market trends pushed prices lower.
    • Silver opened at Rs.40,200 per kg on 27 August on stable local demand.
    • The strain on European markets due to Brexit negotiations and a falling Euro prompted investors to increase bullion purchases. This led to a rise in silver prices when the metal rose to Rs.40,400 per kg on 28 August.
    • Prices fell on demand fluctuations, with the industrial metal trading at Rs.40,300 per kg on 29 August.
    • There was no change in price for the rest of the week, as silver rates closed the month at Rs.40,300 per kg to register a loss of 2.65% on poor demand.

    Trend of Silver Rate in Kolhapur 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.42,900 per kg from 9 - 10 July
    Lowest Rate in July Rs.41,200 per kg from 28 - 29 July
    Overall Monthly Performance Decrease
    Percentage Change -3.27%

    July 2018- Week 1 (1-10)

    • The silver intake in Kolhapur was high, due to which the metal traded at Rs.42,800 per kg on 01 July 2018.
    • On 03 July 2018, a marginal drop in silver prices was noted as the metal traded at Rs.42,400 per kg. The drop in silver prices on this day was mainly due to the drop in demand for the metal in industrial units.
    • On the following days, the price of the metal rose marginally in Kolhapur to Rs.42,800 per kg. However, the local industrial offtake had been fluctuating.
    • On 9 and 10 July, silver rates in the city increased to Rs.42,900 per kg as the demand picked up. This was the highest silver rate recorded for the month of July in Kolhapur.
    • The hike could also be because of positive market trends clubbed with declining dollar rates over other currencies.

    July 2018- Week 2 (11-17)

    • At the beginning of week 2 silver prices stood at Rs.42,600 in Kolhapur.
    • The fall in silver prices was constant throughout week 2 unlike week 1.
    • As the industrial demand for silver in Kolhapur reduced further, the metal was traded at Rs.42,200 per kg from 12 - 14 July.
    • The price of the metal increased by Rs.100 per kg and stood at Rs.42,300 per kg on 16 July. Industrial demand for the metal then stabilised and silver price in Kolhapur became steady as well.
    • Due to the decline in dollar value over other currencies, the price of silver in Kolhapur increased towards the end of the week and stood at Rs.42,100 per kg on 17 July.

    July 2018- Week 3 (18 - 24)

    • Compared to the previous week, the prices of silver saw a downward curve this week.
    • On 18 July, silver rates dropped by Rs.400 per kg and opened at Rs.41,700 per kg. This can be associated with decreased industrial demand for silver during the same time.
    • On the first day of the week, silver rates dropped by Rs.400 per kg compared to the previous day when the white metal traded at Rs.42,100 per kg.
    • Demand for silver played a huge role throughout the month and determined the silver rates in Kolhapur. When demand from local jewelers, merchants, coin makers, and industrial units dipped, the prices declined. When demand picked up, prices increased too.
    • However, as demand for the metal increased, silver was traded at Rs.41,700 per kg on 21 - 22 July in Kolhapur.
    • On 24 July, silver closed at Rs.41,400 per kg.

    July 2018- Week 4 (25 - 31)

    • An increase of Rs.100 per kg was noted on 25 July when silver was traded at Rs.41,500 per kg.
    • Due to the decline of the dollar value, silver prices spiked on 26 July to Rs.41,800 per kg. However, due to poor demand, silver rates dropped in the following days.
    • The price of silver stood at Rs.41,200 per kg as on 28 - 29 July. This was also the lowest silver price recorded for the month.
    • By the end of the month, the price of silver increased as dollar rates dropped slightly. The metal stood at Rs.41,400 on 30 - 31 July.
    • Overall, the prices of silver fell by 3.27% in the month of July in Kolhapur.

    Trend of Silver Rate in Kolhapur 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- 5 June
    Overall Monthly Performance Stable
    Percentage Change 0.00%

    June 2018 - Week 1 (1 - 10):

    • When the week began, silver was recorded trading at Rs.42,800 per kg on the 1st with steady demand from local industries and coin manufacturers amid firm overseas trends.
    • With the US dollar gaining against other major emerging currencies, the dollar strengthened. This led to rates dropping to a monthly low of Rs.42,600 per kg on the 2nd.
    • Prices remained untouched at Rs.42,600 per kg until the 5th with subdued local demand amid the poor trend overseas.
    • Silver rates dropped further to Rs.43,600 per kg on the 8th before rebounding to Rs.43,700 per kg the following day.
    • The week came to an end with the industrial metal prices holding firm at Rs.43,700 per kg on the 10th with steady domestic demand coupled with positive trend overseas.

    June 2018 - Week 2 (11 - 17):

    • The week opened with silver trading at Rs.43,900 per kg on the 11th with investors capitalising on the previous session’s gains on the commodity markets.
    • Prices rose further to Rs.44,000 per kg amid favourable market cues before plummeting to Rs.43,900 per kg the next day following successful talks at the US-North Korean summit.
    • The US dollar, however, lost its ground after the US dollar index lost against a basket of currencies following the Federal Reserve’s decision to leave the interest rates untouched. This led to demand rising over the next couple of days.
    • Silver was recorded trading at Rs.44,300 per kg on the 14th before surging to a monthly high of Rs.45,000 per kg on the 15th amid favourable market cues coupled with strong industrial demand for the metal.
    • The next couple of days prices dropping to Rs.44,300 per kg with domestic demand stabilising as investors backed down from purchases amid the recovering dollar and gaining equities.

    June 2018 - Week 3 (18 - 24):

    • When trading began for the third week, silver was recorded trading at Rs.43,400 per - a drop of Rs.900 - on the 18th after the well-performing US dollar and stock markets led to a decline in investor demand for the metal.
    • Though rates rose to Rs.43,500 per kg on the 19th, prices plummeted to Rs.43,100 per kg the following day with domestic demand capped by the strong greenback.
    • Trading concluded for the week with the white metal prices holding at Rs.42,900 per kg on the 24th with demand flatlined by the strong dollar performances during the week.

    June 2018 - Week 4 (25 - 30):

    • When trading began for the final week, silver prices in Bangalore were recorded holding at Rs.43,200 per kg on the 25th with domestic markets on the rise with strong retail demand for the metal.
    • The next two days saw local demand capped by the rising dollar and silver was priced at Rs.43,000 per kg on the 28th.
    • Poor trends overseas coupled with subdued demand from industrial units and coin makers led to silver rates dropping further to Rs.42,800 per kg on the 29th.
    • The month came to an end with the industrial metal priced at Rs.42,800 per kg on the 30th and Bangalore witnessed silver trading closing with no change in the overall monthly performance during the month.

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

    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%

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

    • Demand for silver was on the increase in the first week of May, with the metal opening the week at Rs.42,000 per kg.
    • Increased demand from industrial units as well as a volatile dollar rate led to a gradual rise in price, with the industrial metal trading at Rs.42,600 per kg on 2 May.
    • Increased tensions between the United States and China over trade led to fluctuating fortunes on the market, which led to higher demand for bullion.
    • Prices remained high as steady demand from local industrial units coupled with positive market cues kept silver rates consistent.

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

    • The second week began with silver trading at Rs.43,200 per kg on 7 May in Kolhapur, as the dollar was volatile ahead of U.S. jobs data.
    • Demand rose steadily as favourable market conditions as well as a low dollar rate led to an increase in orders from overseas as well as local industrial units.
    • Prices rose to Rs.43,500 per kg on 11 May as renewed tensions between the U.S. and China led to the dollar falling, as investors looked to bullion as a safe-haven asset.
    • Demand was consistent as the week ended on 13 May, though there was a slight drop in local industrial demand due to the high price.

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

    • The third week began with silver trading at Rs.43,600 per kg on 14 May as overseas demand for safe-haven assets like bullion grew due to uncertainty over a possible trade war.
    • Prices regularised over the course of the week, with silver rates falling to Rs.43,000 per kg on 16 May amidst a recovery across stock markets.
    • The possibility of an interest rate hike as early as next month led to growing confidence in the dollar, as demand for bullion gradually fell.
    • Local demand was also on the decline, as silver traded at Rs.43,200 per kg on 18 May.
    • The week ended with silver priced at Rs.43,100 per kg on 20 May as coin makers increased demand.

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

    • There was no change in the price of silver as the fourth week began on 21 May, as local demand was stable in spite of a rise in the dollar rate.
    • Prices rose as the fear of the imminent North Korea and U.S. talks being called off led to panic across stock markets, with the dollar also plunging.
    • Silver prices rose to Rs.43,800 per kg on 25 May as the markets continued to trade low in light of the cancellation of the summit.
    • Local demand rose marginally as the week progressed, though silver prices fell to Rs.43,600 per kg as the week ended on 27 May.

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

    • The last week of May saw silver prices fall significantly as the summit between the U.S. and North Korea was back on, which boosted the dollar.
    • Silver was priced at Rs.43,000 per kg on 28 May, as demand weakened sharply over the weekend.
    • Prices rose marginally as silver traded at Rs.43,100 per kg on 29 May amidst a rise in local demand, though the rise was shortlived.
    • Silver fell heavily on 30 May, trading at Rs.42,900 per kg as overseas demand was static due to the stable dollar.
    • The month ended with silver priced at Rs.43,100 per kg on 31 May to record a 2.61% rise in value.

    Trend of Silver Rate in Kolhapur 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%

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

    • Demand for silver in Kolhapur was steady as the week began but fell marginally due to lower demand from industrial units.
    • Silver opened the month trading at Rs.41,400 per kg and rose to Rs.41,600 per kg on 3 April as there was an increase in orders from coin makers.
    • Favourable market conditions and a weakening of the U.S. Dollar led to a rise in demand from Asian industrial units which kept Silver price in Kolhapur stable.
    • A rally by equity markets coupled with a steady increase in the dollar rate led to a slight decline in demand for the industrial metal, as prices fell to Rs.41,000 per kg on 5 April.
    • A marginal increase in price was recorded as the week came to a close with silver priced at Rs.41,200 per kg on 7 April.

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

    • Unsteady equity markets and a fluctuating dollar rate led to increased demand for the industrial metal in the second week.
    • Silver was priced at Rs.41,200 per kg on 8 April in Kolhapur as local industrial demand was steady due to a weak U.S. Dollar.
    • The suspected chemical attack in Syria led to equity markets falling sharply which led to an increase in bullion buying.
    • Silver price in Kolhapur climbed to Rs.41,700 per kg on 11 April as local demand from coin makers also increased which boosted prices.
    • Asian demand for the industrial metal was also on the rise and resulted in silver rates rising to Rs.42,000 per kg on 12 April.
    • Slight fluctuations in overseas demand led to silver rate in Kolhapur falling to Rs.41,900 per kg as the week ended on 15 April.

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

    • Continued tensions over the U.S.-led intervention in Syria led to markets and currencies falling across the globe, as investors rushed to invest in bullion.
    • Silver price in Kolhapur opened at Rs.42,100 per kg on 16 April as investors assessed the impact of the airstrikes.
    • Local demand for the industrial metal was stable as silver prices rose to Rs.42,500 per kg on 18 April as coin makers also increased orders.
    • The continuing trade tensions between the U.S. and China also led to market turbulence and an increase in bullion investment.
    • Silver rate in Kolhapur jumped to Rs.43,700 per kg on 19 April as the dollar tumbled and equity markets dropped sharply.
    • The end of the week saw a continued rise in rates as silver traded at Rs.43,800 per kg on 22 April.

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

    • The last week of April saw demand for silver fall slightly as equity markets recovered from their earlier losses and global currencies also bounced back.
    • Silver opened the week at Rs.43,700 per kg on 23 April but saw a sharp decline in price as local industrial demand fell due to order saturation.
    • Favourable economic data from the U.S. and a lessening of tensions between the U.S. and China also led to markets rising.
    • Silver price in Kolhapur fell throughout the week to end the month at Rs.42,300 per kg on 30 April.

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

    Parameters Silver price (per kg)
    March 1 Rate Rs.41,100 per kg
    March 31 Rate 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%

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

    • Kolhapur recorded silver trade on a positive note this month, courtesy of strong cues from the local market.
    • When the month began, the white metal was priced at Rs.41,100 per kg which went up to Rs.41,400 per kg as demand surged.
    • Demand picked up on the 3rd as well and silver rates went up to Rs.41,600 per kg before continuing at the same rate on the final day of this week.

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

    • Change in overnight trading cues helped silver rates to rise up to Rs.41,700 per kg when the second week of March began as the dollar declined.
    • However, prices fell over the next few days due to poor demand and subsequent drop in sales volumes.
    • On the 6th, silver rates in Kolhapur went down to Rs.41,400 per kg as the US dollar mounted a recovery and market stabilised.
    • A massive rise in local demand pushed silver prices up to Rs.41,900 per kg on the 7th - the month’s highest rates - as industrial units and coin markets increased their offtake.
    • Cues weakened for the next few days and silver traded at Rs.41,500 per kg on the 8th before dropping to Rs.41,300 per kg on the 9th.
    • A slight change in demand helped silver rates go up to Rs.41,600 per kg and continue at this rate for the remainder of the week.

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

    • The third week of March began with silver prices holding at Rs.41,600 per kg before falling to Rs.41,400 per kg on the 13th.
    • This day’s fall occurred due to the strong US jobs data, which wasn’t expected to be as robust as it turned out.
    • On the 14th, prices surged to Rs.41,700 per kg as global cues rocketed ahead of the latest uncertainty caused by US president Donald Trump.
    • The white metal’s prices dropped for the next few days and came to a half at Rs.41,000 per kg on the final day of the week.

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

    • The steady fall over the previous week was capped by a steady rise over this week. When markets opened, silver was priced at Rs.41,000 per kg.
    • This went up to Rs.41,200 per kg the next day before falling back to Rs.41,000 per kg on the 21st of March.
    • As demand from coin makers and industrial units surged, silver prices went up to Rs.41,500 per kg on the 22nd, and then to Rs.41,600 per kg on the 23rd.
    • Thanks to a steady demand, silver continued to trade at Rs.41,600 per kg on the final day of this week, i.e., the 25th.

    March 2018 - Week 5 (26th - 31st)

    • The final week of March opened with silver trading at Rs.41,600 per kg. But, as there was a possible trade war between the US and China, silver rates went up to Rs.41,800 per kg on the 27th.
    • Fears of the trade war eased soon and silver rates dropped to Rs.41,500 per kg on the 28th due to low demand.
    • The US dollar improved and, as a result, demand dropped. On the final day of March, silver traded at Rs.41,400 per kg.

    Trend of Silver Rate in Kolhapur 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.42,600 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%

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

    • When trading began in Kolhapur, silver prices were recorded holding at Rs.42,600 per kg - the highest recorded monthly price - on the 1st amid firm overseas trends.
    • Thanks to steady demand from industries and coin makers, prices remained unaltered at Rs.42,600 per kg on the 2nd.
    • However, with the US employment data reporting an incline in the number of jobs, the US dollar rose. This led to silver prices plunging to Rs.41,700 per kg on the 3rd.
    • The week concluded with the white metal trading at Rs.41,700 per kg on the 4th with steady but subdued demand from industrial units and coin makers amid weak global cues.

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

    • The second week began with the industrial metal priced slightly lower at Rs.41,500 per kg on the 5th after the strengthening dollar and equities led to a decline in demand for the white metal.
    • The 6th saw silver rates rebounding to Rs.41,900 per kg after an increase in demand was brought about by a positive trend overseas.
    • Demand, however, couldn’t keep up against the rising US dollar index and silver prices plunged to Rs.41,500 per kg on the 7th.
    • Poor trends overseas coupled with reduced domestic demand led to silver rates dropping further to Rs.40,800 per kg the following day.
    • The 9th saw silver prices in Kolhapur rising slightly to Rs.41,000 per kg after industries and coin manufacturers ramped up purchases to stock their inventories.
    • With the US dollar index strengthening against a basket of other emerging currencies amid the well-performing equity markets, silver rates plummeted to Rs.40,600 per kg - the lowest recorded monthly figure - on the 10th.
    • The week came to an end with the industrial metal prices holding steady at Rs.40,600 per kg with reduced domestic demand coupled with poor global cues.

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

    • The third week saw silver rates rising significantly on account of world markets tracking a positive trend ahead of US inflation data.
    • Silver was priced at Rs.40,900 per kg on the 12th when the week began amid firm trends overseas.
    • With stockists and traders eyeing on the US inflation data for clues on the pace of the US interest rate hikes by the central bank, the dollar weakened. This led to silver rates in Kolhapur rising to Rs.41,300 per kg on the 13th amid positive global cues.
    • Strong trends overseas coupled with increased domestic demand from industrial units and coin manufacturers led to silver prices rising to Rs.41,400 per kg on the 14th.
    • The 15th saw rates surging to Rs.41,800 per kg after demand for safe-haven assets such as silver rose following the release of the highly anticipated US inflation data.
    • With traders and investors gravitating on investments considered safe amid the inflation concerns, silver was priced at Rs.41,700 per kg on the 16th.
    • Thanks to steady global safe-haven demand for the metal, prices remained untouched at Rs.41,700 per kg until the 18th.

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

    • When trading commenced for the fourth week, the white metal prices were recorded holding at Rs.41,600 per kg on the 19th after the strong US greenback and equities led to a decline in demand for the metal.
    • Poor global trends coupled with reduced industrial demand led to silver being priced at Rs.41,200 per kg on the 21st.
    • The dollar, however, lost against a basket of other emerging currencies after the inflation data indicated a possible government shutdown in the US. This led to silver prices rebounding to Rs.41,400 per kg on the 22nd amid the positive trends overseas.
    • Prices rose further to Rs.41,600 per kg on the 23rd before stabilising at Rs.41,500 per kg on the 24th with steady demand from industries and coin makers around the world.
    • The week concluded with the white metal prices holding steady at Rs.41,500 per kg on the 25th tracking a firm trend overseas.

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

    • The final week began in Kolhapur with silver trading on a stronger note at Rs.41,600 per kg on the 26th.
    • With markets cautious ahead of the US Fed chief’s first congressional speech, the US dollar lost against other apex currencies. This led to silver prices surging to Rs.41,700 per kg on the 27th.
    • However, with Jerome Powell the new US Federal Reserve chairman promising the country to save its economy from worsening any further while sticking on to the planned number of interest rate hikes, the US dollar regained lost ground. This led to silver being priced at Rs.41,200 per kg on the last day.
    • Silver trade in Kolhapur recorded a decline of 3.28% in silver rates owing to the poor overseas trends that pushed demand lower during the course of the month.

    Trend of Silver Rate in Kolhapur for January 2017 (rates per kg)

    Parameters Silver price (per kg)
    Silver rate on 1st January 2018 Rs.39,110 per kg
    Silver rate on 31st January 2018 Rs.42,200 per kg
    Highest Rate in January Rs.43,100 per kg from 26 to 28 January
    Lowest Rate in January Rs.38,925 per kg on 2 and 10 January
    Overall Monthly Performance Incline
    Percentage Change 7.90%

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

    • Silver was priced at Rs.39,100 per kg when trading began on the first day of January 2018.
    • Due to steady demand from local coin makers and industrial units, silver prices in Kolhapur remained at Rs.39,100 per kg on the 2nd day of this week.
    • As the US dollar seemed to strengthen, silver prices in the state took a hit and fell by Rs.300 to Rs.38,800 per kg on the 3rd of January.
    • Demand held steady on the 4th, as a result of which, silver prices remained at Rs.38,800 per kg when trading ended for the day.
    • The drop in demand was due to the jobs data, which was expected to hit the markets this week. Rates remained the same on the next day as well as investors exercised caution when making purchases.
    • However, demand rose on the 6th and prices went up to Rs.39,200 per kg - a Rs.400 per kg hike - as the data was weaker than expected.
    • When the week ended, silver rates in Kolhapur were recorded at Rs.39,200 per kg.

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

    • The second week of January began with silver still trading at Rs.39,200 per kg.
    • On the 9th, silver rates dropped slightly to Rs.39,100 per kg. This happened because the dollar improved and demand for the metal declined.
    • The 10th again saw silver prices drop - this time to Rs.38,700 per kg - as a rising US dollar continued to affect precious metal trading.
    • Silver was still trading at Rs.38,700 per kg on the 11th but dropped started on a upward path to trade at Rs.38,900 per kg on the 12th of the month.
    • As the US dollar weakened after a brief surge, silver prices went further up to Rs.39,200 per gram on the 13th of January.
    • Silver rates were recorded at Rs.39,200 per gram on the final day of this week.

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

    • When the third week started on the 15th, silver prices had seen little change and it was seen trading at Rs.39,200 per kg.
    • Due to stable from local investors, the metal continued to trade at Rs.39,200 per kg before rising to Rs.39,600 per kg on the the 17th.
    • The US dollar regained some of the lost ground, which put bullion trading on the backburner. The white metal traded at Rs.39,100 per kg on the 18th of the month.
    • Over the next three days, i.e., from the 19th to the 21st, silver continued at Rs.39,100 per kg as demand was low but steady.

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

    • The fourth week of January bore witness to a few changes in prices as markets remained largely stable.
    • On the 22nd of January, when the week began, silver was priced at Rs.39,100 per kg which then rose to Rs.39,200 per kg the next day due to a slight change in demand.
    • There was very few changes in demand over the course of the week as there were no major drivers which would otherwise impact trading patterns.
    • On the 24th of the month, silver was trading at Rs.39,200 per kg and went on to sell at this rate on the 25th of the month as well.

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

    • The final week of January 2018 bore witness some changes in prices, which was the cause of change in the USD- INR dynamic.
    • On the 29th of January, the white metal was priced at Rs.42,700 per kg - a significant rise compared to the trading rates over the course of the previous week.
    • The 30th saw silver prices drop to Rs.42,200 per kg - a Rs.500 decline as demand for the metal took a nosedive as the latest Federal Reserve meeting approached.
    • When the month ended, silver was seen trading at Rs.42,200 per kg.
    • Overall, silver prices changed by a massive 7.92% this month due to a number of factors. The US dollar was largely underperforming and local demand surged as a result of that.

    Trend of Silver Rate in Kolhapur for December 2017 (rates per kg)

    Parameters Silver price (per kg)
    Silver Rate on 1st December 2017 Rs.38,230 per kg
    Silver Rate on 31st December 2017 Rs.39,265 per kg
    Highest Rate in December Rs.39,365 per kg on 30 and 31 December
    Lowest Rate in December Rs.36,545 per kg on 13 December
    Overall Monthly Performance Incline
    Percentage Change 2.70%

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

    • The month began in Kolhapur with the white metal priced at Rs.38,230 per kg on the 1st amid the strengthening US dollar and firmer equities.
    • The poor trends overseas coupled with reduced demand led to silver price in Kolhapur plunging to Rs.38,120 per kg on the 2nd.
    • Prices were recorded holding steady at Rs.38,120 per kg on the 3rd which dropped to Rs.37,965 per kg the following day due to decreased demand by industries and coin makers.
    • Silver prices dropped significantly with the rising US dollar amid the poor trends overseas during the week.
    • Rates plummeted to Rs.37,600 per kg on the 6th which dropped further to Rs.37,180 per kg the following day with the US dollar rising against other apex currencies.
    • On the 8th, silver was recorded trading at Rs.36,715 per kg with the US dollar index rising after the approval of the country’s largest tax overhaul plan in thirty years.
    • Silver rate in Kolhapur remained unchanged at Rs.36,715 per kg until the 10th with markets cautious ahead of the Fed Reserve meeting next week.

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

    • The week opened with the industrial metal trading relatively higher at Rs.36,920 per kg on the 11th amid the firm trend overseas.
    • Silver rate in Kolhapur remained untouched at Rs.36,920 per kg on the 12th before dropping to Rs.36,545 per kg on the 13th with the US dollar losing against other emerging currencies. This was also the lowest recorded monthly figure in Kolhapur.
    • The 14th saw silver prices rising to Rs.37,295 per kg following the release of the US Federal Reserve’s interest rate hikes which resulted in equities declining in the world markets.
    • With the US dollar gaining lost ground against other apex currencies, the white metal prices plunged to Rs.37,235 per kg and Rs.36,920 per kg on the 15th and the 16th respectively.
    • However, an increase in demand from industries and coin makers amid the strong trend overseas led to silver price in Kolhapur rebounding to Rs.37,180 per kg when the week concluded on the 17th.

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

    • When the week began, the industrial metal was priced at Rs.38,395 per kg on the 18th before dropping to Rs.37,600 per kg the next day with markets mulled over the ultimate outcome of the tax system overhaul on the country’s economy.
    • Varying demand coupled with uneven global cues led to prices fluctuating considerably during the course of the week.
    • On the 20th, the white metal rates rebounded to Rs.38,395 per kg before declining to Rs.37,600 per kg on the 21st amid the poor trend overseas.
    • However, with the US dollar losing against a basket of other emerging currencies and an increase in domestic demand by industrial units and coin makers, rates surged to Rs.37,865 per kg on the 23rd.
    • Silver rate in Kolhapur remained untouched at Rs.37,865 per kg on the 24th owing to a steady and sustained demand amid the positive trends overseas.

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

    • The final week commenced with silver holding at Rs.38,395 per kg on the 25th with an incline in industrial demand for the metal.
    • Prices plunged to Rs.38,005 per kg on the 26th with US dollar recovering from the previous week’s losses.
    • The 27th saw silver rate in Kolhapur rebounding to Rs.38,815 per kg with the Asian stocks losing against the new US tax cuts which further rose to Rs.38,825 per kg the next day amid the firm trends overseas.
    • Strong trends overseas coupled with firm trends overseas led to silver rates surging to Rs.39,265 per kg on the 30th.
    • The month ended with the white metal holding steady at Rs.39,265 per kg on the 31st and Kolhapur recorded a profit of 2.70% in silver trade during the month.

    Trend of Silver Rate in Kolhapur for November 2017 (rates per kg)

    Parameters Silver price (per kg)
    Silver rate on 1st November 2017 Rs.38,995 per kg
    Silver rate on 30th November 2017 Rs.38,640 per kg
    Highest Rate in November 2017 Rs.40,520 per kg on 18 and 19 November
    Lowest Rate in November 2017 Rs.38,640 per kg on 30 November
    Overall Monthly Performance Decline
    Percentage Change 0.91%

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

    • Silver was priced at Rs.38,995 per kg when trading began for the month of November.
    • Due to an increase in demand brought about by some positive global cues, silver rate in Kolhapur rose to Rs.39,950 per kg.
    • Silver price in Kolhapur remained unchanged on the 3rd of November, but fell to Rs.39,355 per kg on the 4th as demand for the metal took a hit.
    • When the week came to an end, the white metal was seen trading at Rs.39,355 per kg.

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

    • When trading started for the second week of November, silver rate in Kolhapur had moved up slightly to Rs.39,365 per kg.
    • Silver rate in Kolhapur surged up to Rs.40,040 per kg the next day as local industrial units and coin makers increased their investment in the metal.
    • Silver traded at Rs.40,040 per kg on the 8th and 9th as well as demand from investors remained steady..
    • As demand reached saturation levels, silver rates dropped to Rs.39,670 per kg on the 10th. This continued till the end of the week as there was no change in demand.

    November 2017 - Week 3 (1th3 - 19th)

    • Silver price in Kolhapur had dropped slightly to Rs.39,870 per kg when the third week of November began.
    • On the 14th, silver rate in Kolhapur went up to Rs.40,140 per kg, before rising again to Rs.40,240 per kg as offtake from local silver-reliant businesses saw an improvement.
    • But, due to a decline in demand caused by a rising US dollar, silver rates went down to Rs.40,040 per kg.
    • On the 18th, silver rates went up to Rs.40,520 per kg as the EU-UK situation caused the demand to increase. Rates recorded on the 18th were the highest for the month, and it signified the rising discord between the leaders in Downing Street and Brussels.

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

    • Silver price in Kolhapur had gone down to Rs.40,440 per kg when trading began for the fourth week of November.
    • Silver rate in Kolhapur dropped over the next two days, with the metal selling at Rs.39,780 per kg on the 21st and then at Rs.39,265 per kg on the 22nd of the month.
    • When trading opened on the 23rd, silver rates had gone up to Rs.40,060 per kg before selling at Rs.40,040 per kg the next day.
    • Over the 25th and 26th of November, silver rates were holding at Rs.39,780 per kg.
    • There was a Rs.660 decline in silver prices since the beginning of the week, which best describes the consistent drop in demand and sales.

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

    • When trading commenced for the 27th of the month, the white metal was priced at Rs.39,780 per kg.
    • A drop in demand the next day caused silver prices to drop. Silver rates fell to Rs.39,680 per kg on the 28th of November.
    • On the 29th, silver prices in Kolhapur fell to Rs.39,115 per kg as the US dollar was performing strongly against other currencies.
    • The white metal traded at Rs.38,640 per kg on the final day of the month.
    Parameters Silver price (per kg)
    Silver rate on 1st October 2017 Rs.39,530 per kg
    Silver Rate on 31st October 2017 Rs.39,435 per kg
    Highest Rate in September Rs.40,440 per kg on 16 October
    Lowest Rate in September Rs.39,110 per kg on 5 and 19 October
    Overall Monthly Performance Decline
    Percentage Change -0.24%

    October 2017 - Week 1 (1 to 8):

    • Silver was priced at Rs.39,530 per kg on 1 October as demand was weak due to poor demand from industrial units and local retailers.
    • Silver Price in Kolhapur were on the decline as the U.S. dollar rate was stable in spite of political instability in the United States, which led to reduced imports from Asia.
    • Silver rate in Kolhapur dropped to Rs.39,110 per kg on 5 October due to unexpectedly poor demand, as local industry also reduced offtake.
    • A recovery in price was observed as industrial demand surged in Asian economies following a slight drop in the dollar rate towards the middle of the week,
    • The late rally led to silver trading at Rs.39,680 per kg on 7 October.
    • The week ended with prices remaining unchanged as demand was steady, with silver priced at Rs.39,680 per kg on 8 October.

    October 2017 - Week 2 (9 to 15):

    • Silver prices rose in the second week, with the metal priced at Rs.39,950 per kg on 9 October following continued high demand.
    • Tensions with North Korea as well as other internal conflicts led to a drop in the dollar rate, which spurred greater interest in bullion amongst retail investors.
    • Silver prices rose to Rs.40,060 per kg on 10 October, with prices rising on steady demand from Europe as well as local demand.
    • Prices surged to Rs.40,390 per kg on 12 October, with the price remaining constant till the week ended on 15 October.
    • A rise in the price of silver over the week was recorded as geopolitical factors as well as market forces combined to create a favourable economic environment.

    October 2017 - Week 3 (16 to 22):

    • Prices in the third week were relatively stable, with the metal trading at Rs.40,440 per kg on 16 October as stable demand kept prices from fluctuating.
    • A few drops in price were recorded owing to demand vagaries, but prices were relatively stable for most of the week due to the upcoming Diwali orders.
    • Silver traded at Rs. Rs.40,060 per kg on 18 October as prices dipped immediately after Diwali, which led to a minor drop in the value of silver.
    • Demand began to peter out as local industrial units reduced orders, leading to silver pried falling to Rs.40,285 per kg on 20 October.
    • Demand continued to drop as silver ended the week priced at Rs.40,060 per kg on 21 & 22 October.

    October 2017 - Week 4 & Week 5 (23 to 31):

    • The last two weeks of October saw the price of silver drop as industrial demand was on the decline due to a rising U.S. dollar rate and stable oil prices.
    • Silver traded at Rs.40,040 per kg on 23 October, with the price falling to Rs.39,780 per kg on 25 October following a steady drop in demand.
    • Prices continued to fall as silver traded at Rs.39,435 per kg on 27 October as markets did not seem affected by political instability in the Korean peninsula.
    • Local demand continued to be poor after the end of Diwali, leading to poor demand from retail as well as industrial demand for the metal.
    • Silver dropped to Rs.39,115 per kg on 29 October as sustained poor demand resulted in a drop in price.
    • There was slight recovery in price as the month ended, with silver trading at Rs.39,435 per kg on 31 October though silver’s value fell by 0.24% over the course of the month.
    Parameters Silver price (per 1 kg)
    Silver Rate on 1st September 2017 Rs.40,390 per kg
    Silver Rate on 30th September 2017 Rs.39,530 per kg
    Highest Rate in September Rs.41,900 per kg from 9 and 10 September
    Lowest Rate in September Rs.39,530 per kg from 28 to 30 September
    Overall Monthly Performance Decline
    Percentage Change -2.12%

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

    • The week opened with silver trading at Rs.40,390 per kg on the 1st.
    • Silver prices in Kolhapur remained unchanged until the 3rd owing to steady demand from industries and coin makers.
    • With the US dollar performing poor, the 4th witnessed silver rates rising to Rs.41,075 per kg.
    • Silver trade saw an increase over the next couple of days as industrial units ramped up purchases to fill their inventories. This resulted in silver prices surging to Rs.40,340 per kg and Rs.41,495 per kg on the 5th and the 6th respectively.
    • However, silver rates in Kolhapur dropped to Rs.40,230 per kg on the 7th due to an unexpected decline in demand.
    • Demand for the metal increased after North Korea confirmed reports about its latest nuclear tests.
    • The 8th saw silver trading at Rs.41,675 per kg on the 8th, when further rose to Rs.41,900 per kg on the 9th. This was also the highest recorded monthly figure in Kolhapur.
    • The week ended with the white metal trading at Rs.41,900 per kg on the 10th.

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

    • The second week saw silver prices declining with poor demand from industrial units and coin makers.
    • When the week began in Kolhapur, silver was trading at Rs.41,075 per kg on the 11th, but prices dropped to Rs.41,030 per on the 12th kg due to reduced demand for the metal.
    • News about North Korea’s successful nuclear tests sent global markets crashing. This resulted in pushing silver prices up to Rs.41,075 per kg on the 13th.
    • Silver rates in in Kolhapur dipped to Rs.40,890 per kg on the 15th due to decline in local demand.
    • Prices remained steady despite poor trade in the Asian markets and the industrial metal was trading at Rs.40,890 per kg for the remainder of the week.

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

    • Silver opened the week trading at Rs.40,440 per kg on the 18th.
    • However, a strong dollar rate brought down silver trade, which led to prices dropping to Rs.39,680 per kg on the 19th.
    • The rising tensions between the US and North Korea escalated, which led to a rise in safe-haven investments globally. This led to silver rates surging to Rs.40,060 per kg on the 20th.
    • The 21st witnessed in demand for the white metal and led to prices dropping to Rs.39,670 per kg.
    • Silver rates in in Kolhapur remained the same for the rest of the week, thanks to steady industrial demand.

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

    • The last week in Kolhapur opened with silver trading at Rs.39,670 per kg on the 25th.
    • Silver rates in in Kolhapur rose to Rs.40,520 per kg the next day as demand increased with the arrival of Dussehra.
    • However, silver prices in Kolhapur dropped Rs.39,780 per kg on the 27th as demand for the metal fell with the recovery of the US economy.
    • Uneven global cues coupled with reduced demand resulted in silver prices dropping further to Rs.39,530 per kg on the 28th.
    • The week ended with prices remaining unchanged at Rs.39,530 per kg, thanks to the low but steady demand from industries and coin makers.
    Parameters Silver price (per kg)
    Silver Rate on 1st August Rs.38,925 per kg
    Silver Rate on 31st August Rs.40,040 per kg
    Highest Rate in August Rs.40,190 per kg on 29 & 30 August
    Lowest Rate in August Rs.37,235 per kg on 5 & 6 August
    Overall Monthly Performance Incline
    Percentage Change 2.86%

    August 2017 - Week 1 (1st - 6th)

    • Silver prices in Kolhapur was reminiscent of the trends in the neighbouring cities, with the metal trading significantly better compared to the previous month.
    • When the month began, silver was priced at Rs.38,925 per kg.
    • Prices seemed to fall till the 3rd when the metal was trading at Rs.37,965 per gram but picked up to reach Rs.38,120 per kg on the 4th, thanks to an improved demand from jewellers.
    • After this latest demand ran its course, prices fell to Rs.37,235 per kg, the lowest silver rate for this month.

    August 2017 - Week 2 (7th - 13th)

    • Silver rate in Kolhapur had improved slightly when this week began with the metal trading at Rs.37,295 per kg.
    • As demand inclined slightly, prices went up to Rs.38,345 per kg on the 8th before falling to Rs.37,965 per kg on the 9th.
    • With the North Korea - US conflict intensifying, the dollar fell. This led to silver prices increasing to Rs.38,925 per kg on the 10th.
    • Demand increased again as a result of a weak dollar to go up to Rs.39,530 per kg on the 11th.
    • On the 12th and the 13th, silver demand remained stable, which led to the metal trading at Rs.39,670 per kg till the end of the week.

    August 2017 - Week 3 (14th -20th)

    • Silver trading saw a few ups and downs with rates increasing and decreasing consistently this week.
    • On the 14th, the metal was priced at Rs.39,670 per kg. Due to sustained demand, rates remained unchanged on the 15th as well.
    • The 16th, however, saw silver price in Kolhapur fall to Rs.38,815 per kg as investors remained cautious.
    • Prices were on the rise on the 17th as they hit Rs.39,530 per kg due to a weak US economic data.
    • When the week ended, silver price in Kolhapur was recorded at Rs.39,115 per kg.

    August 2017 - Week 4 (21st - 27th)

    • Silver rate in Kolhapur seemed to be on the increase for most of the week before a rallying dollar slowed down the progress.
    • On the 21st, when the fourth week commenced, silver was trading at Rs.39,115 per kg.
    • A sustained demand saw to it that silver traded at Rs.39,265 per kg on the 22nd and the 23rd of the month.
    • Prices continued to remain on the positive with the metal selling at Rs.39,355 per kg on the 23rd, before falling to Rs.38,995 per kg on the 4th.
    • The 26th and the 27th saw silver price in Kolhapur remain steady at Rs.38,995 per kg as a strengthening US dollar halted silver sales to an extent.

    August 2017 - Week 5 (28th - 31st)

    • The final week of August began with silver trading at Rs.39,435 per kg.
    • Silver rates in Kolhapur reached a monthly high of Rs.40,190 per kg on the 29th and remained largely unchanged on the 30th as demand improved amidst a positive global trend.
    • On the last day of the month, silver prices fell to Rs.40,040 per kg, as demand fell slightly.
    • Silver price trend in Kolhapur for this month was on the increase with rates going up by 2.86%, compared to the previous month.
    Parameters Silver price (per kg)
    July 1st Rate Rs.38,640 per kg
    July 31st Rate Rs.38,640 per kg
    Highest Rate in July Rs.38,690 per kg on 3 July
    Lowest Rate in July Rs.36,035 per kg on 10 July
    Overall Monthly Performance No change
    Percentage Change 0%

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

    • Silver opened at Rs.38,640 per kg in Kolhapur for the month of July 2017.
    • There were no changes in silver prices on the 02nd of July as demand was stable.
    • The 3rd witnessed silver prices hit a monthly high figure of Rs.38,690 per kg. This increase for the hike in silver prices was due to weak US dollar, which had reached near nine-month.
    • Silver prices fell to Rs.37,705 per kg on the 4th before going up to Rs.37,800 as strong international demand led to a hike in local trading prices.
    • Rates sustained at Rs.37,115 per kg towards the end of the week as a positive US job data pushed dollar exchange values up considerably.

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

    • Silver opened at Rs.36,035 per kg this week. This is the lowest rate for the month - as US markets strengthened amidst a positive outlook.
    • Rates, however, increased from the 11th onwards as media reports were ripe with claims that US President Trump’s family had colluded with Russia to win the election.
    • The 12th again led to prices increase as US dollar tanked, which subsequently led to increased buying in the local market.
    • Silver prices in Kolhapur were holding at Rs.36,920 per kg on the 12th and 13th as investors decided to use the situation to their advantage.
    • On the 14th, prices dipped to Rs.36,270 per kg as demand seemed to reach saturation levels.
    • That notion, though, was short lived as purchases ramped up on the 15th to drive prices up to Rs.37,180 per kg as US economic data was headed for a fall.

    July 2017 - Week 3 (17th - 23th)

    • On the 17th, when the third week began, silver was priced at Rs.37,180 per kg, which then spiked to Rs.37,600 per kg on the 18th.
    • The 19th as well maintained the positive growth with rates going up to Rs.37,705 per kg before a slowed down purchase brought rates down to Rs.37,600 per kg on the 20th.
    • Investors, particularly those from industries and the jewellery segment, began purchasing silver more on the 21st, which led to the metal trading at Rs.37,800 per kg.
    • During the last two days of the week, silver prices stabilised to hold at Rs.38,005 per kg.

    July 2017 - Week 4 (24th - 31st)

    • The final week’s trading began with silver trading at Rs.38,120 per kg due to subdued demand from industries and jewellers.
    • Rates went up to Rs.38,230 per kg on the 25th before going down to Rs.38,120 per kg because various sections of investors were waiting for a price correction.
    • Silver rates were on the ascent on the 27th with prices reaching as high as Rs.38,690 per kg but decline considerably over the last few days of the month.
    • The month ended with the white metal trading at Rs.38,640 per kg. Overall, price trends in the port city of Vizag saw a 0% change as prices picked up towards the latter half of the month after a fall during the initial days of the month.
    Parameters Silver price
    June 1 Rate Rs.40,285 per kg
    June 30 Rate Rs.38,995 per kg
    Highest Rate in June Rs.40,890 per kg on 7 June
    Lowest Rate in June Rs.38,455 per kg on 21 and 27 June
    Overall Monthly Performance Decline
    Percentage Change -3.20%

    June'17 - Week 1 (1st - 4th)

    • Silver prices in Kolhapur saw a significant decline this month due to poor demand from the concerned parties.
    • On the 1st of June, silver was trading at Rs.40,285 per kg, but decreased to Rs.39,950 per kg due to a fall in demand.
    • The white metal’s prices were on the ascent on the 3rd as a result of an increased buying from local industries and coin makers.
    • Rates went up to as high as Rs.40,670 per gram on the 3rd and traded at the same rate on the 4th as well, thanks to a steady demand.

    June '17 - Week 2 (5th - 11th)

    • In Kolhapur, the second week of June commenced with silver priced at Rs.40,670 per kg and carry on at the same rate on the 6th.
    • The 7th saw prices reach a monthly high of Rs.40,890 per kg - as European Central Bank convened for a meeting.
    • Other major events like the UK elections and the dollar value declining also had an impact on silver prices this week.
    • After the key events of the 7th were out of the way, silver rates declined slightly to Rs.40,725 per kg on the 8th.
    • This week also saw the emergence of a positive US job data, which affected silver prices considerably.
    • The price of the metal dropped consistently towards the later half of the week as it went to Rs.40,285 per kg on the 9th.
    • Rates fell further to Rs.40,060 per kg on the 10th due to demand for the metal falling further.

    June'17 - Week 3 (12th - 18th)

    • Silver rates fell consistently during this week as demand took a hit amidst a strengthening US dollar.
    • The week began with silver trading at Rs.39,680 per kg.
    • Rates dropped further down to Rs.38,995 per kg by the 16th as demand was on a constant descent.
    • Over the 17th and the 18th, however, demand for the metal consolidated to trade at Rs.38,460 per kg.

    June '17 - Week 4 (19th - 25th)

    • The fourth week of June began on a positive note as the metal was seen trading at Rs.38,640 per kg.
    • As demand declined, silver rates reached a monthly low of Rs.38,455 per kg on the 21st but inclined to reach as high as Rs.38,925 per kg by the end of the week.

    June'17 - Week 5 (26th - 30th)

    • The final week of June saw silver rates fluctuate for the most part due to unstable demand.
    • When the week started on the 26th, silver prices were recorded at Rs.38,925 per kg but went down to the monthly low figure of Rs.38,455 per kg on the 27th.
    • As the introduction of GST was imminent, silver prices picked up slightly with industrial units and coin makers trying to make the most of the situation.
    • Due to increased buying, silver prices went up to Rs.39,115 per kg on the 28th and remained there for the 29th as well.
    • The last day of the month, however, prices drop to Rs.38,995 per kg as demand fell.
    • Despite some increased purchases towards the end of the month, silver rates in Kolhapur decline by 3.20% in June.
    May 1st Rate Rs.40,040 per kg
    May 31st Rate Rs.40,060 per kg
    Highest Rate in May Rs.40,520 per kg on 30th of May
    Lowest Rate in May Rs.37,705per kg on the 10th and 11th May
    Overall Performance Incline
    Percentage Change 0.04%

    May ’17 – Week 1 (1st – 7th)

    • Silver traded on the 1st day of the month in Kolhapur at Rs.40,040 per kg. This rate, however, was not sustained due to reduction in the demand for this metal.
    • Reducing demand for safe-haven bullion due to the rallying of Asian equities along with a rise in the value of the U.S. Dollar resulted in a fall in the rate of silver.
    • This metal was priced at Rs.39,115 per kg on the 2nd May in Kolhapur before falling to be priced at Rs.38,925 per kg on May 3rd.
    • There was a decline in the demand for this metal from coin makers and industrialists resulting in the rate of silver reducing.
    • The rate of the U.S. Dollar rose which resulted in the decline in the rate of silver. This metal traded at Rs.37,965 per kg on the 5th of the month which was the lowest rate at which this metal was priced, for the month of May.
    • There was, however, a slight recovery noted in the price of this metal as the month came to an end with silver being priced at Rs.38,005 per kg on the 6th as well as the 7th of May due to slow but steady demand.

    May ’17 – Week 2 (8th – 14th)

    • Emmanuel Macron’s win, a pro-EU candidate, in the French Presidential election resulted in the strengthening of the Euro which in turn had an impact on the price of silver.
    • On the 8th of May, silver was priced at Rs.37,965 per kg but reduced marginally the next day to trade at Rs.37, 865 per kg.
    • There were a large number of variations noted in the rate of silver was the week progressed due to varying demand from coin makers and industrialists.
    • On the 10th and 11th of May in Kolhapur, this metal was priced at Rs.37,705 per kg which was also the lowest at which silver was priced during the month of May in the city of Kolhapur.
    • On the 14th of the month in Kolhapur, silver traded at Rs.37,865 per kg.

    May ’17- Week 3 (15th – 21st)

    • During the third week of the month, it was noted that the demand for this metal increased as the value of the U.S. Dollar reduced. This also meant that a rise in the rate of silver was witnessed.
    • Silver was priced at Rs.38,230 per kg on May 15th, and increased the next day to trade at Rs.38,640 per kg.
    • Weak manufacturing data from the U.S. decreased expectations of interest rate hike by the U.S. Fed, resulting in a rise in silver rate in Kolhapur.
    • Silver was priced at Rs.38,995 per kg on the 17th of May and increased to Rs.39,265 per kg on the 18th.
    • As the demand for silver increased, the price of silver increased to trade at Rs.39,115 per kg.

    May ’17 – Week 4 (22nd – 28th)

    • Due to fluctuations in the demand for this metal from industrialists, the price of silver varied throughout the fourth week of May in the city of Kolhapur.
    • Silver traded at Rs.39,265 per kg on the 22nd of May before rising to trade at Rs.40,040 per kg on the 23rd of May.
    • As Asian stocks gained, the rate of silver started to slightly fall with silver trading at Rs.39,670 per kg on the 24th of May.
    • A slight increase in the price of silver saw this metal trading at Rs.39,950 per kg on the 25th and 26th of May due to steady demand from coin makers.
    • The rate of silver rose due to higher demand on the last two days of the fourth week with silver trading at Rs.40,190 per kg.

    May ’17 – Week 5 (29th – 31st)

    • Due to variations in the demand, the rate of this metal varied during the final week of May in Kolhapur.
    • Easing Asian stock markets resulted in a slight increase in the rate of silver.
    • This metal was priced at Rs.40,285 per kg on the 29th of the month before rising to a monthly high of Rs.40,520 per kg on the 30th of May.
    • On the last day of May in Kolhapur, silver traded at Rs.40,060 per kg, recording an incline of 0.04% in the price.
    April 1st Rate Rs.42,570 per kg
    April 30th Rate Rs.40,040 per kg
    Highest Rate in April Rs.43,055 per kg on 15th & 16th April
    Lowest Rate in April Rs.40,040 per kg on 29th & 30th April
    Overall Performance Decline
    Percentage Change -5.94%

    April ’17- Week 1 (1st to 9th)

    • Silver prices in Kolhapur were on the ascent in the first week of Kolhapur as demand increased due to favourable market conditions.
    • Silver was priced at Rs.42,570 per kg on 1st April as industrial demand was steady, with the price rising to Rs.42,730 per kg on 4th April.
    • A dip in market performance due to geopolitical uncertainty in the U.S. led to an increase in demand, as the U.S. Dollar value also dropped marginally.
    • Silver prices fluctuated in spite of a declining U.S. Dollar due to a drop in demand, as the week ended with silver priced at Rs.42,640 per kg on 9th April.

    April ’17 – Week 2 (10th to 16th)

    • Prices in the second week of April rose as a combination of factors led to a rise in demand.
    • Silver prices fell slightly as the week began, trading at Rs.41,625 per kg on 10th April but soon recovered as industrial demand rose.
    • U.S. markets continued to trade lower than expected, resulting in an increase in demand for the metal, which pushed prices to Rs.42,775 per kg on 13th April.
    • An increase in local demand and higher export volumes due to a flagging U.S. Dollar led to silver rising to Rs.43,030 per kg on 14th April.
    • The week ended with silver trading at Rs.43,055 per kg on 16th April as weak markets and a low U.S. Dollar led to increased demand for the metal.

    April ’17 – Week 3 (17th to 23rd)

    • Silver prices began to fall as demand stagnated on account of a market revival which saw the U.S. Dollar rate also increase.
    • Silver traded at Rs.43,030 per kg on 17th April, but prices began to fall as global markets took their cues from a recovering U.S. market, which lowered demand for silver.
    • Prices fell to Rs.42,435 per kg on 20th April as local demand also fell, with coin makers reducing demand as import costs began to rise.
    • Silver was priced at Rs.41,980 per kg as the week ended on 23rd April, with a recovering market and a slowing down of overseas industrial demand attributed as reasons behind the drop in price.

    April ’17 – Week 4 (24th to 30th)

    • Silver continued to fall in the final week of April as local demand stagnated and overseas demand also slowed down.
    • Silver was priced at Rs.42,625 per kg on 24th April, with the price falling to Rs.40,520 per kg on 25th April as European markets also posted gains following favourable news regarding the upcoming French presidential election.
    • Rising import costs led to a decline in demand from Asian industrial units, which pushed silver prices to a low of Rs.40,190 per kg on 28th April.
    • The month ended with silver failing to recover from its slump, as it traded at Rs.40,040 per kg on 30th April to register an overall loss of 5.94% over the course of the month.
    March 1st Rate Rs.43,970 per kg
    March 31st Rate Rs.42,115 per kg
    Highest Rate in March Rs.44,100 per gram on 2nd March
    Lowest Rate in March Rs.40,520 per kg on the 11th and 12th of March
    Overall Performance Decline
    Percentage Change 4.23%

    March ‘17 - Week 1 (1st to 5th)

    • Silver traded at Rs.43,970 per kg in Kolhapur which was quite a high rate as compared to other cities in the country. This is due to sustained and high demand for this metal.
    • Due to increased demand for silver from industrialists and jewellers, the rate of silver rose to its monthly high of Rs.44,100 per kg.
    • However, this demand was not sustained and the rate of silver reduced considerably to trade at Rs.42,730 per kg on the second.
    • There was a slight rise in the demand for silver because of which the rate silver increased to Rs.43,295 per kg.
    • On the last day of the week, this metal was priced at Rs.43,295 per kg.

    March ‘17 - Week 2 (6th to 12th)

    • The demand for silver was not as sustained as compared to the previous week and rates fell to trade at Rs.42,925 per kg on the first day of the second week of March in Kolhapur.
    • As the demand continued to fall, the rate of silver in Kolhapur proportionally as well.
    • Silver traded at Rs.41,900 per kg on the 8th of March which was followed by Rs.41,435 per kg on the 9th of March.
    • On the last two days of the second week of March, silver traded at Rs.40,520 per kg. This was also the lowest at which silver traded during the month of March.

    March ’17- Week 3 (13th to 19th)

    • Silver price in Kolhapur on the opening day of the third week of March in Kolhapur was relatively higher than that noticed during the previous week. Silver traded at Rs.40,760 per kg on the 13th of March.
    • Silver rate in Kolhapur continued to reduce with the metal trading at Rs.40,440 per kg on the 14th of March and reducing even further the next day.
    • Due to positive cues from international markets, silver marginally recovered to trade at Rs.40,890 per kg on the 16th but this recovery could not be sustained.
    • On the last day of the week, silver traded at Rs.40,815 per kg.

    March ’17- Week 4 (20th to 26th)

    • Silver traded at Rs.40,075 per kg on the 20th before recovering slightly to trade at Rs.41,230 per kg on the 22nd of March.
    • Due to a slight increase in demand, the price of silver in Kolhapur was Rs.41,340 per kg and continued to rise on the 24th as well.
    • However, this demand was not sustained and the rate of silver fell.
    • On the last two days of the fourth week of March, silver traded at Rs.41,340 per kg.

    March ’17 – Week 5 (27th to 31st)

    • A marginal increase in demand resulted in silver trading at Rs.41,900 per kg on the 27th and increased to Rs.42,115 per kg on the 28th. This rate was seen the next day as well.
    • The rate of silver in Kolhapur increased marginally on the 30th before falling again due to a rise in the value of the U.S.Dollar.
    • Silver closed the month of March in Kolhapur by trading at Rs.42,115 per kg showing a decline of 4.23% in the rate of silver.
    February 1st Rate Rs. 42,520 per kg
    February 28th Rate Rs. 44,165 per kg
    Highest Rate in February Rs. 44,165 per kg on 28th February
    Lowest Rate in February Rs. 42,115 per kg on 3rd February
    Overall Performance Incline
    Percentage Change 3.86%

    February 2017 - Week 1 (1st -5th):

    • There were a few minor fluctuations seen during the first week of February.
    • On the first day of the month, silver traded at Rs.42,520 per kg. However, due to higher demand from coin makers, this rate went up to Rs.42,640 per kg, thanks to the sudden rise in industrial demand.
    • This demand could not be sustained however and on the 3rd of February, the rate of silver plunged to a monthly low of Rs.42,115 per kg.
    • At the end of the week on 4th, silver rates went up to Rs.42,355 per kg on 4th as prices seemed to go up slightly.

    February 2017 - Week 2 (6th - 12th):

    • On the first day of the second week of February, the rate of silver was Rs.42,355 per kg. However, due to a spike in demand from markets abroad, the rate of silver increased by Rs.165 to hit Rs.42,520 per kg on the 6th.
    • On the 7th, prices increased again to reach Rs.42,930 per kg which was an increase of Rs.410 per kg as compared to the rate of the previous day.
    • Due to a rise in the value of the U.S. Dollar, rate of silver went down marginally to Rs.42,920 per kg on 8th. There was however a rise in the rate of silver with this metal trading at Rs.42,950 per kg on the 9th.
    • On 10th, prices hit the lowest for the week to trade at Rs.42,375 per kg.
    • Rate of silver recovered on the last day of week 2 to trade at Rs.42,570 per kg as demand increased.

    February 2017 - Week 3 (13th - 19th):

    • When trading began on 12th, silver was priced at Rs.42,570 per kg and increased by Rs.710 to trade at Rs.43,280 per kg on 13th.
    • The 14th saw prices go down as whatever factors brought about the rise wasn’t there to be see again.
    • The final three days of week 3 in Kolhapur witnessed prices increase as demand went up.
    • On 15th, silver was priced at Rs.43,385 per kg which later went up to Rs.43,520 per kg on 16th.
    • Week 3 ended on 18th as silver rates declined to go down to Rs.43,400 per kg.

    February 2017 - Weeks 4 & 5 (20th - 28th):

    • Over the fourth week of February, silver prices still saw fluctuations despite the fact that demand was high.
    • When trading began on 19th, silver traded at Rs.43,400 per kg but reduced the next day trade at to Rs.43,270 per kg on 20th due to a reduction in demand.
    • Prices went up on the 23rd to Rs.43,295 per kg and then to Rs.43,680 per kg on 24th.
    • As the week came to an end, the rate of silver started to rise due to an increase in the demand for this metal.
    • When trading began on 25th, silver was priced at Rs.43,910 per kg and then increased to Rs.44,110 per kg on 27th.
    • On the last day of February, silver continued to trade at Rs.44,165 per kg due to sustained demand.
    • A rise of 3.86% was seen in the rate of silver for the month of February.
    January 1st Rate Rs.39,035 per kg
    January 31st Rate Rs.41,980 per kg
    Highest Rate in January Rs.42,180 per kg on 23rd January
    Lowest Rate in January Rs.39,035 per kg on 1st January
    Overall Performance Incline
    Percentage Change +7.54%

    January ‘17 - Week 1 (1st to 7th)

    • The price of silver in Kolhapur was on the ascent in the first week of January due to increasing demand.
    • Silver was priced at Rs.39,035 per kg on 1st January and rose to Rs.39,530 per kg on 3rd January as local demand rose.
    • Prices continued to rise as fluctuations in the markets led to greater demand for silver.
    • Silver ended the week trading at Rs.40,390 per kg on 7th January, registering an increase of Rs.1,355 per kg during the week.

    January ‘17 - Week 2 (8th to 14th)

    • The price of silver in the second week also saw a rise in price due to continuing demand from the industrial sector and coin makers, with silver opening the week at Rs.40,390 per kg on 8th January.
    • Prices rose to Rs.41,295 per kg on 11th January, steadily increasing as markets fluctuated, which led to an increase in demand for the metal.
    • Silver traded at Rs.41,030 per kg on 13th January as a slight dip in demand led to prices slipping.
    • There was a marginal recovery as the week ended, with silver trading at Rs.41,230 per kg on 14th January to register a weekly increase in price of Rs.840 per kg.

    January ’17- Week 3 (15th to 21st)

    • Prices were volatile in the third week due to market conditions, which led to fluctuations in demand.
    • Silver was priced at Rs.41,230 per kg on 15th January and rose in the subsequent days on strong demand.
    • Silver traded at Rs.41,990 per kg on 18th January before falling due to a dip in industrial demand.
    • Prices in the third week were subject to market fluctuations due to conflicting cues from international markets.
    • Prices fell to Rs.41,675 per kg on 20th January but rose as the week ended, trading at Rs.41,930 per kg on 21st January.

    January ’17- Weeks 4 & 5 (22nd to 31st)

    • Uncertainty over the U.S. fiscal policy and demand fluctuations resulted in silver trading at Rs.41,930 per kg on 22nd January.
    • Prices rose to a monthly high of Rs.42,180 per kg on 23rd January on strong demand from Asian markets, but fell as the week progressed.
    • A rally by U.S. markets led to silver prices falling to Rs.41,435 per kg on 26th January.
    • The U.S. Dollar rose in anticipation of positive news from the upcoming U.S. Fed meeting, resulting in demand for silver falling as it traded at Rs.41,075 per kg on 27th January.
    • Prices recovered as the month ended, with silver trading at Rs.41,980 per kg on 31st January to record an overall rise in price of 7.54%.

    Silver as an investment in Kolhapur

    Silver has a store of value and therefore, considered a safe form of investment. For many customers, the white precious metal not only adds stability but also helps diversify their investment portfolios. Most consumers increasingly turn to precious metals such as silver given that it can be easily sold during times of economic uncertainty and crises.

    Physical silver: For most customers, the easiest way to invest in silver is to buy it in various physical forms such as bars and coins which are widely available in standard denominations in Kolhapur. Silver is bought in the form of trendy silverware, artefacts and gift articles in addition to traditional ornaments.

    Silver contracts: Customers can trade silver futures on the National Commodity and Derivatives Exchange (NCDEX) and Multi Commodity Exchange (MCX). Silver micro is traded in 1 kg. Various charges such as exchange levy and stamp duty among others have to be borne by customers.

    Silver rates in Kolhapur

    The rate of the white precious metal has been on the decline since January 2015. The price of silver which was pegged at Rs.39166 in the month of January, decreased by -2.2% at Rs.38,300. Barring minor fluctuations, the price of the white precious metal followed a downward trajectory in the months of March and April at Rs.37483, Rs.37056 respectively. Silver rates, however, rose marginally in Kolhapur in the month of May by 3.8% at Rs.38480. The price of silver slid in the months of August and September at Rs.36280 and Rs.36105 respectively. 1 kg of silver was pegged at Rs. 34,415.00 in December.

    Also Check Silver Price in NearBy Cities of Kolhapur

    Silver Rate in Mumbai Silver Rate in Pune Silver Rate in Hyderabad
    Silver Rate in Nagpur Silver Rate in Mangalore
    Also Know: Gold Rate in Kolhapur

    Read more on Silver

    Silver Rate - Sitemap

    Silver Rate In Metro Cities
    Silver Rate In Other Capitals
    Silver Rate In Other Major Cities
    Silver Rate In States
    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.